The selling of gold

[El Rojo]

Is it just me, or is there an increase of gold traders atm? gotta be a sure sign of recession, sharks out to buy the prole's gold.

I am one of the afore mentioned gold hawkers, I got some useless jewlery from childhood i wanna convert into more useful capital. but every man and his dog seem to be buying. any idea where i can get the best deal?

[Bitter Ashes]

Gold prices have been up for the last year or so, hence all the buyers. I wouldnt know where to start really, although I would have thought going direct would be your best bet.

[entfaltend]

I don't know a whole lot about how the whole deal works, but I can without hesitation say don't go for any of those cash for gold mail in services advertised on TV, print, and radio. They are a massive scam, set up to give folks much less than market value for their gold (and nothing for any incidental gems set into the stuff). Check out the Consumerist's article on them for the run down on how Cash4Gold and other similar services will fuck you over.

[A New Era]

You get the best deal when you buy gold when prices are low and cheap (typically during a bull market). Then when the recession comes (bear market), price of gold goes up and you sell.