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When you have a lot of gold jewellery at home which you do not use, you could turn them into cold hard cash and all you have to do is to sell them. Here are some smart ways on how to get the most when selling gold jewellery:

First, weigh your jewellery. Use online calculators to convert its weight into one of the most common measurements for gold. After this, check the current prices of gold. Several websites are available for this. These two easy steps will help you determine your jewellery’s worth. However, you must also be ready for the possibility of selling your jewellery at a lower price as your computations could only be reference points for your actual selling price.

It is also important that you get yourself trustworthy buyers. You may do so when you follow Gold Buyers Melbourne on Google+. As much as possible, do not immediately sell your gold because you might not get what it’s worth. Do not sell your gold jewellery to someone who will not pay you the full amount in cash. Always protect yourself and choose the best options. Do not impulsively sell your gold to one buyer.

Do a background check first. Gold Buyers Melbourne are reliable and trustworthy buyer that will pay you excellent amounts of money for your gold pieces. They pay more than most of their competitors and they pay you in cash, which sounds like a great deal.

You may not always get the price that you want for your gold jewellery, but knowing how to sell smart will still get you a lot of extra cash. Remember not to make hasty decisions and always choose buyers that you can trust. Widen your options and do not bind yourself to only one buyer. Take your time in finding the perfect buyer and negotiate without the need to compromise so much of your interests.

The value of gold has been on a steady rise for the past few years. Many are now recognizing gold as a device to obtain loans. Many have now realized that they can use this precious gold to obtain loans at affordable rates from the bank. Instead of applying for a personal loan which charges a high rate of interest, one can simply apply for a loan against gold. In this type of a loan, the borrower provides the bank with gold as security. When the loan has been repaid in full, the bank will return the gold to its owner.

Some features that make this type of loan stand out are:

•  It is a secured loan as the gold is deposited in the bank as security.
•  The repayment tenure of a loan against gold is shorter and can extend to a maximum of 12 months if required.
•  The interest rate charged is much lower than that of a personal loan.

The reasons why one must opt for a gold loan are:

•  The processing time is less and the application requires fewer documents from the borrower.
•  The interest rates are extremely favourable for the borrower.
•  There is a provision which allows the borrower to only pay the interest charged each month. The principal amount in such a case can be paid when the tenure ends.
•  The gold is generally lying idle in storage. A loan against gold allows an individual to raise money by making use of the gold they own.

Nowadays, affordable Loans against gold are now available. When applying for a loan against gold, the business will only provide the borrower with 80 percent of the value of the gold. The reason why the interest rate charged is so low is due to the fact that security is being provided. Gold is an extremely liquid commodity. An individual can make the most of it by using it to apply for a loan to meet any immediate financial requirements. Also, since most people love their gold items, chances of a borrower defaulting on such a loan is extremely slim.