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Raising Some Quick CashPosted on: 26th April 2013 By Anita
There are occasions when you would like to get your hands on some quick cash and you are faced with the problem that there is not enough in the bank account. Or possibly you just do not want to touch your savings. The alternative then is to sell something you own and the question becomes: What can be sold?
We all have things around the house that we believe is worth real money. Maybe you could sell that painting on the wall or some of the tools in the garage could be converted into cash. The problems with selling these types of items is either the time it takes to find a buyer willing to pay a fair price or accepting a low-ball price to unload something quickly.
The one class of products where the value can be readily determined and a buyer quickly found is precious metal, or jewellery and other objects made out of precious metals. Since it has a high value for a small amount, selling some gold items often is the best way to get some cash in hand.
A company that specializes in buying gold can analyze gold jewellery or other objects, let you know the quality of the gold and pay you based on the actual amount of gold in the piece. The karats of gold tell you the proportion of gold in a piece of gold jewellery. For example, 24 karat gold is pure gold and a 14 karat gold piece would be gold mixed with other metals.
The market value of gold has increased tremendously over the last 10 years and what you could get for that old piece in your jewellery drawer might surprise you. It cannot hurt to have some gold items valued so you know how much cash the bits can be turned into if you have a need for the money.