Avoiding the gold party scam is not difficult at all. Here is a little bit of advice that I have for you if you are thinking about selling your gold for a little extra cash. Don’t go to a gold party. At least don’t go and make the mistake of selling your gold at one of these parties. Just go for the free food and cocktails.
Here is how the gold parties work.
You will get invited to a dinner party at a friend’s house, usually in the evening. At this dinner party there will be a gold company representative there that will weigh and evaluate the gold jewelry that you are wanting to sell. The representative will make you an offer on the spot for your unwanted or mismatched gold earrings or other jewelry. This offer usually is in the form of a check and you can take it or leave it. If you accept the offer, the gold company will then turn around and sell your jewelry to a refinery and make a profit. They make a profit because they will offer you less than your gold is actually worth. Yep, it’s as simple as that. And don’t forget about the person that invited you to the party. The host usually makes a nice profit too. They get about 10% of the total payout of the gold company.
How do people get ripped off at a gold party?
Here is how most people get ripped off at a gold party. They lose sight of their judgment because they are drinking alcohol and get caught up in the excitement of making a little extra money. Yep, it’s okay to have a good time with friends, but leave your extra or unwanted gold behind at home.
If you are really interested in selling your gold for the most cash, you should use an online gold buyer like Cash for Gold USA. Cash for Gold USA offers the highest payout over its competitors. Give them a try. If you are not happy with their offer, they will send your gold jewelry back to you for free.
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