When many people think of selling gold, their first thought is the pawn shop. Pawn shops have been in the business of buying and selling jewelry for years, but, as you probably know, that’s not all they buy and sell. Most pawn shops also buy and sell electronics, musical instruments, knives and guns. Really just about anything that has some real cash value.
You’ve probably noticed by now that most pawn shops are not located on the safest or most respectable areas of your town. Bringing your valuable gold items to a high-crime area in town is neither safe nor smart. Your other options are either a gold dealer or gold refiner. Gold dealers are basically the middlemen to the gold refiners so really your best bet is to sell your gold to a gold refiner. Gold refiners buy your gold based on the gold content in the piece which is based on the current spot price of gold.
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