Friday, November 13, 2009

Cashing in on Rising Gold

Gold rose again today to around $1,100 per ounce. However, rising gold means a weakening dollar. This reminds me of the gold party I attended this summer.

If you want to make some extra cash and strike while gold is hot, do be cautious. The TV version of Cash 4 Gold has been noted as a scam by many people.

You bring your old gold. No matter what the condition you'll get cash. As long as it really gold. Like the Tupperware parties the host gets a cut of the booty. Usually they'll invite some gold expert to analyze the pieces and write checks. The gold expert then takes your gold home, melts it into a brick and cashes it in. Add some food and drink to the mix and everybody goes home happy.

Many jewelry stores will also exchange your gold for cash. Again, this is a much safer, faster and more convenient way to go.

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