Have you grandmother told you on how important to own gold especially when you are in need of cash.Well I have been told over and over again by my grandmother about it.I grow up in an ordinary Malaysian family and my grandmother was a child of before our country got independence.So she had known hardship longer than I do.It was popular among people of her time to keep gold jewelry for back up during the hard time.Well,that does not change much until today.
In this post I would like to share some tips on selling your gold jewelry for cash.Our customers sell their gold for all kinds of reasons, many needing cash quickly. It has been a growing trend fueled by high unemployment, rising gold prices, the liquidity of gold.
First, people selling gold or silver jewelry should know how the buying price is arrived at. The value of gold or silver jewelry is based on the precious metal content, not the value as a piece of fine jewelry. Buyers evaluate the price considering the melt value and the current market conditions. When selling gold, the purity and content of the gold (10- Karat, 14- Karat, 24- Karat, etc) and the weight of the gold is also taken into account.
Next,if you just bought the gold and you find that selling it won't give you a satisfactory return then visit the pawn shop.
This is how pawnshop work
-You bring in something you own and give it to the pawnbroker as collateral for a loan (this act is called pawning).
-The pawnbroker loans you money against that collateral.
-When you repay the loan plus the interest, you get your collateral back.
-If you don't repay the loan, the pawnbroker keeps the collateral.
Try to get back your collateral(gold) within the agreed time so that you won't lose your ownership.By that time the price of your gold already increase its time to sell it and gain profit.
At MQG we offer a reasonable buy and sell price to our customer which mean we offer attractive spread for gold traders.
With all that I wish you gold lover all the best
Regads Nurul Ashikin Othman
Manager
Sales and Marketing
MalQish Gold Sdn Bhd
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