Saturday, January 30, 2010

Sell your gold - pennyweight or gram?

Turn It To Cash buys gold, silver and other precious metals. Many other businesses are out there ready to buy your broken, mismatched jewelry too. But the main thing you need to do is educate yourself so that you know that you are getting a fair deal.

Gold is priced per its karat content. Pure gold is 24K. No jewelry is made out of 24K. Common karats used to make jewelry in America is 18K, 14K and 10K. So the spot price is for pure gold per ounce. If you have 1 ounce of 24K, then the spot price applies to you. But not many of us walk around with an ounce of pure gold. But that spot price helps determine the price for the other karats so a higher spot price is a good thing for sure.

Gold can be sold in many units of measure:
  • oz or troy ounce
  • gm or grams
  • dwt or pennyweight

One thing to be clear about is that a troy ounce is not the same as an ounce on the postal or kitchen scales. An ounce on a regular scale equals 28 grams while the troy ounce that we use for precious metals equals 31.1 grams. 1 troy ounce means 31.1 gm or 20 dwt.

Nowadays precious metals like gold and silver are commonly weighed in grams but there are people who will price it in pennyweight which makes the price per unit sound higher but not necessarily high.
Example: a buyer states that at the current gold market of $1,078.50, they buy 10K gold at $9.88/dwt. That converts to $6.35/gm. And that is not a fair price at all! That is ridiculously low and you should get more for the gold content. A fair price should be $8/gm and upwards, or $12.44/dwt. See the difference?

So next time you walk in ready to sell, ask some much is it per gram? how much per pennyweight?

Turn It To Cash will give you the best price it in grams, pennyweight or ounce. We believe in honesty and truthfulness. Come on in and let us prove that.

Saturday, January 16, 2010

Gold Buying

Gold buying is all the rage these days. Now more than ever it is bought for investment. That is also a reason of the recent surges in gold prices. Within the past 50 years, gold has rocketed to 35 times its price. Gold was at $35.10 an ounce in 1959, and now, 50 years later, 2009 saw highs of $1,212.50 an ounce.
The decade of the 70s saw gold jump into the hundreds, it was 1974 when gold jumped to $159.26. And the decade of the 80s had its all time high of $612.56. But for the most part, it stayed in the 300 - 400 range. The 90s saw gold in the 300s, dipping into the 200s a few times. Now, here we are in 2010 and we have gold in the 1,000s.

Something to consider is, regardless of your position in life, buy some gold and hold on to it. You will always get your value and more out of it. Gold is something you can hand down generation after generation without any depreciation. I do not play in the stock market or the futures market but I can tell you that Gold is and always will be a wise investment. Coins, bars, bullions - those are the purer forms that would be good to buy and keep as long as they come from reputable refineries. Look for Johnson Matthey, Credit Suisse, PAMP or Dillon Gage. 
But another option is jewelry - now this investment you can wear and then pass on to the kids to wear. Have you ever been able to walk around with stock certificates complimenting that gorgeous dress of yours?? In jewelry, be mindful that it be higher karat. If 22K is too bright for your liking, go for 18K. Maybe tie that annual bonus or a portion of the tax return into a bullion bar or coin. 

On the other hand, if you have gold and find yourself needing to sell it, why not give Turn It To Cash a chance? We are gold buyers. We pay cash for gold on the spot. Come in and take advantage of the gold highs and let us buy your gold, regardless of condition.
We buy:
 broken gold jewelry
 unwanted gold jewelry
 broken silver jewelry
 unwanted or outdated silver jewelry
 scrap gold
 scrap silver
 diamond jewelry
 silver and turquoise jewelry
 native american jewelry
 sterling silver flatware - make sure it is stamped 'sterling'
 sterling silver serviceware - make sure it is stamped 'sterling'
 dental gold
 gold coins and bars
 silver coins and bars


Saturday, January 9, 2010

How to sell your old gold for cash

Where do I sell my gold?
How do I sell my gold?
Who do I sell my gold to?
Who buys broken gold and silver?
Is selling my gold safe?
How do I sell my gold for cash?
Can I get money for a dented pair of silver earrings?
Is cash for gold a scam?
Do I have to go to such a place to sell my gold and be seen?

Are these questions popping in your mind? Do you have a ring or broken gold chains you do not know how to cash out? Are you worried you will be fooled into selling your gold for pennies? Are you intimidated or embarrased to have to sell something you held on to for so long?

Turn It To Cash is your one stop place to answer all these nagging questions and reassure you that selling your gold is not so bad, it actually gives you cash for gold, cash for broken gold, cash for silver, cash for dented sterling silver candlesticks, cash get the point:)  We are licensed second hand precious metal buyers located in Chandler, Arizona and serving Chandler, Gilbert, Mesa, Phoenix, Tempe, Glendale, Scottsdale, Queen Creek, Maricopa, Casa Grande and beyond. Our business is based on honest, trustworthy and reliable transactions, treating you fairly based on the daily spot precious metal prices. Jewelry is checked, tested, weighed and priced all in front of you. All with a smile and no judgements passed!

Sadly there are some unscrupulous people out there who do take undue advantage of people and taint the trade of second hand precious metal buying. But all in all, this trade exisits because there is a need for it to serve the people. Pawn shops have been buying gold for decades, refineries have been buying precious metal for over a hundred years, jewelry stores have always been available to buy jewelry or use it to make custom pieces for their customers. Selling gold has become the rage in recent years because of the economic downturn we have experienced coupled with the record highs hitting the precious metal markets, making this the perfect time to get rid of the old, clunky chain you never wear, the broken bracelet, the mismatched earring, the ring with a missing stone, the coins you started collecting as a hobby years ago and now have in a trunk somewhere in the attic.

If you trust the pawnshop you've been going to for years, then go there. If the jeweler has always treated you fairly, then go there. But also keep your options open and see what others are willing to offer you. Call Turn It To Cash at 480-854-4849 or come and see us at 1200 N Arizona Ave in Chandler (1/4 mile off Ray and Arizona) and let us give you a hassle free quote.

Saturday, January 2, 2010

Got gold? Get cash!

The fastest way to get cash in hand is to collect all your unwanted jewelry and march over to 1200 N Arizona Ave to Turn It To Cash. We're a quarter mile from Ray and Arizona Ave and here to give you cash on the spot for your unwanted gold and silver. 

Come in with broken, mismatched, new, old, scrap or any condition and we will buy it. Want to keep the stones? We will remove them and give them back to you. Want to get an idea of how much that ring that you've had for years is? No problem, come on in and with no charge to you, we will give you a price. 

We are gold buyers in Chandler that have over 30 years experience in the industry and here to give YOU the most back - that's Turn It To Cash. We are gold buyers serving Phoenix, Mesa, Gilbert, Tempe, Apache Junction, Maricopa, Goodyear, Queen Creek, Ahwatukee, Woodruff - yes, we get customers from all these places and more! Why go online to get cash 4 gold? Walk into our store and see us do it all in front of you. Get cash for broken gold on the spot with us.