Gold Sell Off

Frequently Asked Questions

1. QUESTION:
   can you sell gold off a tooth thats been pulled?
   just want to know if how much if any is it worth?

   • ANSWER:

2. QUESTION:
   What is my best option to sell off old gold jewelry and dental crowns?
   I have a couple of gold rings and dental crowns that were replaced years ago. I'd like to sell them to a gold broker like goldkit.com. Is that my best bet to get appropriate cash in return? Have you used goldkit.com or some other broker for a similar situation?

   • ANSWER:
     Those gold brokerages that offer to buy your scrap gold are not going to pay near as much as your items are really worth. Ebay will definitely get you more money if you know how to use it.

     Go to www.ebay.com and research it. Type "scrap gold" and you'll see for yourself.

3. QUESTION:
   Why did Gordon Brown sell off the gold reserves all those years ago?
   He has been criticised a lot for this decision, but there MUST have been a logical and informed reason for him doing so........

   • ANSWER:
     Only half of UKs gold reserves were sold off and was used to buy Euros.

     In reality keeping a bunch of gold bars in a cellar is of little value. The price of gold may go up or come down, but the gold just sits there doing nothing and making no profit.

     What Gordon Brown actually did with the UK gold reserve was to sell it in exchange for Euros. A smart move, beause as we all know while the Euro has shot up in value, the Engish and Scottish pound has sunk in value.

     Thus, UK Enterprises is in profit, which makes a change, don't you think?

     http://www.timesonline.co.uk/tol/news/politics/article1654931.ece

     My partner and me have a bag load of gold - assorted jewellery, watches, chains and so forth. The price of this gold has shot up in recent years, but I know from long experience that the gold price will shunt down at a rapid rate and very soon.

     People who buy gold as a hedge in bad times will always get their fingers burnt.

     Take the advice of Mark Twain and buy land, "They are not making any more of it."

4. QUESTION:
   Why did Gordon Brown sell off our gold reserves at car boot prices?
   after all, the result was to destroy what had been the best and most envious pension system in the world.

   • ANSWER:
     didn't you hear Jeremy Clarkson he is a one eyed Scottish idiot

5. QUESTION:
   Before raising taxes or creating inflation should the government sell off their fancy gold and marble statues?
   My state is facing budget shortfalls yet on top of the capitol sits a fancy gold statue.

   • ANSWER:
     yes and thier air planes and limos and many other items! God Bless

6. QUESTION:
   how can i sell off gold coin (purchased from bank)?

   If i purchase gold coins from any bank. after some time, I want to sell it and need cash.

   • ANSWER:
     Most jewellery shops buy gold from individuals. If you want cash, then they discount some amount.So be careful and negotiate. But if you wish to buy a gold ornament from them, then it is easy for you. Most of then buy your gold on that day's market price.
     Normally, they don't prefer to give you cash. They want you to buy ornaments from them.

7. QUESTION:
   who do jewlery stores sell the gold they buy off customers too?
   If i find gold, I don't want to buy it to the jeweller store, I want to go straight to the source. Who is the source? The person jewellery stores sell it to?

   • ANSWER:
     They sell it to metal refiners. You can skip the jewelry middle man and sell directly to the refiner too http://www.goldintomoney.com for more info on how to do it.

8. QUESTION:
   How to sell gold coins without getting ripped off?
   How do I sell my American Eagle one ounce gold coins?

   I have 10 of them and want to sell them. I bought them for 0 and the guy I bought them from charged me per gold coin.

   I could probably sell it back to him with same "margin" of about .

   Is this a good "deal"?

   • ANSWER:
     start off with this site and you can try to ask that person you got them from but don't tell him you got them from him until after you get a price

9. QUESTION:
   why dosnt the gov . sell 1% of the gold at fort knoxs and pay off the natl dept ?
   with gold selling at over 1000.00 a ounce selling just 1% of the gold would pay off the dept. and we could use the money we would pay in intrest for better use don't you think

   • ANSWER:
     Gold in reserve is what secures the nations "paper" money if sold off the value of the dollar would plummet. My guess is you would not be a happy camper if that happened !

10. QUESTION:
    Where online would I have a good chance to sell gold and silver jewelery?
    I was just thinking to sell off my my old gold and silver jewelery,where online would I have good chance to sell it.Please help me out.

    • ANSWER:
      Sign up with Ebay.....best place to sell anything.

11. QUESTION:
    Where can I sell my gold without getting ripped off?
    While grabby commercials offering to buy gold through the mail, businesses now hanging "we buy gold" signs, it makes people cautious as to who is actually offering a fair buy price without getting shafted. Who buys gold at a fair price?

    • ANSWER:
      Define "fair price".

      You can look up"Spot" prices at

      http://www.kitco.com

      Spot prices change constantly so check before you sell.

      Of course, spot prices are for 1 troy ounce of 24K gold. There are 31.1 grams in a troy ounce.

      If your gold is not 24K multiply it's weight by the K rating amd divide by 24. This reduced weight is the pure gold in your alloy. Divide that weight by 31.1 grams and multiply by the spot price.

      The spot price is 41.10US as I write this. The spot value of your gold is a target price.

      Nobody is going to pay more than spot price, and they may offer you much less. You may have to sell at a discount, depending on the purity and reliability of your gold. Gold coins are usually labeled as to purity and weight. If the coin is commonly recognized, (krugerrand, eagle, maple, panda) this make the buyer more confident. Bars may have a stamp. A recognized stamp gives the buyer confidence, and unmarked bar may be anything. Gold jewelry is a crap shoot. it may be plated, filled,or mislabeled. Mislabeling is actually rare, because it is a crime almost everywhere to misrepresent the purity of gold.

      Grandpa

12. QUESTION:
    What's the best way to sell gold and know we're not getting ripped off?
    My grandma called my mom today and told her she has a bunch of old gold jewelry she doesn't want anymore and wants us to sell it to use for our bills and such. How do we know if were getting a good deal or not when selling this gold? Does it go by ounce for jewelry as well?

    • ANSWER:
      You should be able to get 70% of its value from a reputable jeweler. The value is easy:

      Gold per ounce = ,400. There are 31 grams per ounce (Troy), so...
      Gold per gram = .

      24 karat = 100% gold.
      14 karat = 58% gold.
      18 karat = 75% gold.

      Example: You bring in a 14karat gold necklace that weighs 11 grams. How much is it "worth" and how much should you get?

      Worth: 11 grams x gram x 58% = 7

      Get: 7 x 70% = 1

13. QUESTION:
    Can the US Gov sell some of its gold to pay off the debt?
    In this whole debt crisis I've been wondering, can the US Gov sell some of its gold? The US Gov has about 290,000,000 ounces of gold in its possession. Is there anything inhibiting them from doing this?

    • ANSWER:
      The US could sell off some of its gold; however, in a world that sees constant change in the value of fiat currency (money used as a medium of exchange that it otherwise useless), this gold will remain a valuable commodity. Because of the potential for the devaluation of the dollar, it would be unwise to sell off the existing supply of gold held in reserve.

      BTW, the U.S. gold standard ended in 1933...

14. QUESTION:
    Ann Diamond encouraging people to sell their gold?
    What do you think of Ann Diamond 's tv advert encouraging people to sell off any old gold they have .Would they not be better trying to sell it privately or hanging on to it. I think this is taking add vantage of people when they are at their lowest I think she should know better.

    • ANSWER:
      She's knowing or unknowingly working for the globalists. Mr .Brown sold off Britain's to them a cut down prices after all.

      http://www.youtube.com/watch?v=oWFhfoAvkmc

15. QUESTION:
    why did the labour govt sell off our gold reserves?

    • ANSWER:
      Because the smartest thing to do with a hedge (which is what gold is) is to sell it if it climbs two sigma above its long-term average, because you KNOW its going to fall in price after that.

      Gold has maintained about the same value (adjusted for inflation) since Lady Jane Grey was Queen of England for nine days! It's worthless as an "investment";

      http://www.sharelynx.com/chartsfixed/600yeargold.gif

      The Labour government sold it off because they are not COMPLETELY stupid!

16. QUESTION:
    Where can I sell my 14 ounce gold bracelet and not get ripped off? Is my only choice jewelry store or people?
    I have a gold nugget bracelet. The weight is 14ounces. I would love to sell it with the value of gold so high. But I don't want to get ripped off by a jewelry store. Are there any places that will buy it for what its worth on the market?

    • ANSWER:
      List it on eBay. Have a Buy-It-Now as well as a Best Offer button.

      Used gold does not command top dollar. Expect to get around a gram.

17. QUESTION:
    If Gordon Brown had not sold off Britain's gold, how much would it be worth today?
    When Gordon Brown was Britain's Chancellor he sold off the country's reserves of gold. He thought it was a smart move.
    But could someone please tell me how much money we got for the gold he sold off, and how much it would be worth today, if we still had it?

    • ANSWER:
      Mr Brown sold 400 tons of gold for an average price of 275 dollars per ounce, pretty much at the bottom of the gold market.

      Today, 2009, gold price is ll31.0 dollars per ounce. Gold is sold by the Troy ounce of about 31 grams.

      There is 32150 troy ounces in one metric ton, so Gordon sold

      400 metric tons times 32150 oz/ton times 275 dollars per oz =3.54 billion dollars.

      Now todays value

      400 metric tons, times 32150 oz/ton times ll31 dollars/oz= l.45 x l0^10 dollars or l4.5 billion dollars.

      so if Gordon was selling gold today he could have gotten l0.96 billion dollars more for the gold.

18. QUESTION:
    Where to sell Fiesta MMORPG gold?
    I'm quitting Fiesta Online and want to sell off my gold (gems, to be precise)
    I'd rather sell to gold sellers than individual players because there's less chance to be scammed. Now which site is trustworthy? If you've bought or sold gold from them please share. Thx.

    • ANSWER:

19. QUESTION:
    Is it possible that Obama could do what Gordon Brown did in the UK and sell off the US Gold Supply?
    The former PM of the United Kingdom was a very dedicated socialist, who made up all kinds of ridiculous social programs that inflated the debt to an unsustainable level. So, his brilliant move was to sell off the 55% of the country's gold supply.

    Would Obama be able to legally do this if he wanted to? What would stop him?
    http://www.dailymail.co.uk/news/article-527090/Gordon-Brown-sold-half-Britains-gold-rock-prices--costing-country-4bn-value-metal-hits-time-high.html

    • ANSWER:
      Quick! somebody go inventory Fort Knox!

20. QUESTION:
    why did Gordon Brown sell off half of our gold reserves when he was chancellor?

    • ANSWER:
      Because he was totally incompetent as a Chancellor and even worse as a Prime Minister.

21. QUESTION:
    how can i sell my xbox 360 1 year gold membership without getting ripped off?
    i sold my 360, and xbox gave me back my full 12 months of gold membership since i had only used a few months....they gave me a long code, but how can i sell this to somebody? is there a way me and the person i sell it to can call xbox and have them verify the code is real?

    • ANSWER:
      you just need to find some one with a high reputation for your best bet

22. QUESTION:
    How could I sell my Swiss gold coins?
    I've got some Swiss francs that are solid gold and were issued by banks in switzerland - to sell them do I have to take them back to that bank or is there any other way of selling gold?
    Don't suggest doing one of the postal gold things off the telly please - this is serious gold worth a lot of money

    • ANSWER:
      I am guessing that what you have are the Swiss 20 Franc gold coins from the late 1800s up to 1947. Those are worth at least the value of the gold (which today is about US4). Nearly any coin shop will pay 90% of that. Pawn shops and jewelry stores generally pay somewhat less, and selling by mail is outright foolishness.
      If you have 10 Franc coins, those will go for about 20% more than bullion value. The 100 Franc coins are outright rare.

23. QUESTION:
    I have a white gold ring from india that i want to sell without being ripped off. Any ideas where/how i could?
    White gold ring bought from India. Enquired at a second hand jewellers but no luck so far. I need to find some specialist places that could help me sell this ring.

    • ANSWER:
      Depending on the gold that you plan to sell, it would have value upon the carat, and the value you originally payid fo r it too. If you seek an authoriticate jeweller you will be able to get an original valuation that should declare the price of the ring.

24. QUESTION:
    I need to sell my gold and jewelry anyone know where I need to go so I don't get ripped off?
    Things have gotten so bad for me as a single parent that I need cash fast (for fixing my teeth) Need to sell my jewelry and some furniture afraid to go to pawn shops for jewelry as I have heard they rip you off, anyone know where else I can go to get a fair price ?

    • ANSWER:
      Dont go to pawn shops, they DO rip you off. Trust me i've seen my own family members get ripped off by them.

      For selling gold and jewelry, try http://www.cash4goId.com
      They've gotten me out of a lot of tight spots. They gave me money for a rusty gold watch of mine. All you have to do is order a free kit from them.

      As for furniture, contact some of your local thrift stores and see if they'll buy it from you.

25. QUESTION:
    I hear gold is doing well, how do I make money off of it?
    Are there any direct ways to buy and sell gold besides in the form of stock? I'm new to this whole thing and I got into it because gold is one of the industries that is doing very well in our current economy. Any ideas on how to make a quick buck off of gold? Thank you!

    • ANSWER:
      2 simple ways
      go to your local coin shop. they probably sell gold bullion (ingots or coins).

      or buy a gold ETF.. it's backed by gold.
      One i checked into sells for the price of a tenth oz of gold. As gold rises and falls so does that price. The best way to make money (or lose it) quick is to buy enough that if the market moves even a little you make big money (or lose it big.) There are silver etf's too.

26. QUESTION:
    Why can't the Catholic church sell off it's gold to feed the poorest nations?

    • ANSWER:
      Why won't they dip into their BILLIONS in assets and do this? Given that they have BILLIONS in assets, why do they keep asking the people for more money?

      Because they are one of the richest organizations in the world, and they want to keep it that way.

27. QUESTION:
    Best way to sell gold jewelry?
    I have a lot of gold jewelry, some of which is damaged but suspect that it is worth more melted down than in its current form. Where does one go to sell gold like this without being ripped off? If your advice is to use Cash4Gold, then please don't bother responding.

    • ANSWER:
      You are never going to get market value for your gold. A lot of people forget that it is a business and there are expenses. About 2% of the gold immediately evaporates upon melting, market price may drop, rent, assay fees, permits, labor, taxes, etc etc. Also market prices are based on 1,000 ounces of bullion (bars, coins etc) on a trading level.

      If you have one ounce of jewelry, and gold is ,000 a ounce you don't get ,000 for that jewelry. Most jewelry is 14k gold and that is only 58.5% pure gold.

      10k- 41.7% Gold
      14k- 58.5% Gold
      18k- 75% Gold
      22k- 91.7% Gold

      I am a refiner and diamond buyer in Florida, and will give you the information you need to sell your items without getting ripped off.

      Gold (Based on todays price of 3/oz)- 10k- gram, 14k- gram, 18k- gram.

      Silver- 925/Sterling- a ounce.

      This is the absolute least you should get per gram. A lot of place buy it according to pennyweight (DWT) to convert grams to pennyweight just multiply the gram price by 1.55.

      I pay around 6% more than the numbers I listed above for 100 grams of gold OR LESS, if you 100-200 grams I pay 10% more than the prices above, 200 grams or more 12% more than the prices above.

      I buy from jewelers, dealers, pawn shops, and the public all over the country. If you know the approx weight and karat of the gold I will pay you PRIOR to you shipping your items using paypal. If you dont have a scale I send them to customers FREE OF CHARGE! If that sounds like something you would be interested in doing call me anytime. My number is tollfree. (877) 487-1386. Either way I hope you get a fair price no matter who you sell it too. Just Do YOUR RESEARCH!!!

      A few last things. If you have any gold or silver coins or bars (bullion) you should get about 1%-2% below market value if they are pure gold (most are) since they do not need to be melted.

      Also now is NOT the time to sell anything but gold, silver or platinum. If you have diamonds (larger than a 1/2ct), or a high end watch, KEEP THEM IT!! Wait until the economy rebounds a little. You would get half of what you would of got 6 months ago for them!!

      Hope this helped.

28. QUESTION:
    Why is gold selling off?

    • ANSWER:
      Because people are taking their profits from the increases in value.

      Now is also a good time to buy, as the price is going down.

29. QUESTION:
    Will the failure of another large mortgage bank cause a sell off of stocks?
    With federal government reluctance (now) to support failing companies and financial institutions could this encourage a massive sell off on Monday's big board? Would people switch to gold and energy stocks?

    • ANSWER:
      http://homeruntrades.blogspot.com/2008/07/us-is-bankrupt.html

      This report could probably answer your question.

30. QUESTION:
    If i buy silver or Gold from bank then where can i sell it off when needed?

    • ANSWER:
      you can sell to the jewellery shop, to private dealers, to banks, to any where ar to a n individual also if he wants. but hey the point i want to tell you is that this is not the right time to sell. gold and silver are gonna appreciate far more than our expectaions in 2011. just wait till the end of this year and u will find urself to happy to make such an investment. for more details u can look for the article named gold and silver rush on http://www.commodities-watch.blogspot.com/ .. also follow the other links, articles and videos related to precious metals. i hope that i have solved ur problem to a certain extent. thank u.

31. QUESTION:
    I have about 2 & 1/2 ounces of gold. I wish to sell it "locally", I am not going to mail it off!?
    I have about 2 & 1/2 ounces of gold. I wish to sell it "locally", I am not going to mail it off! I plan to deal with a jeweler who buys. I know that as we speak, Gold is over 0.00 an ounce, but the buyer is going to want a deal.

    Are there any tips that will help me get top dollar?

    • ANSWER:
      Make sure they pay in troy ounces not penny weight, as that is one way for them to rip you off.

      Also, make sure to get multiple quotes(different dealers), as you don't really know what a good deal is for your gold.

32. QUESTION:
    Where would be the best place to sell gold jewellery?
    I have some gold jewellery that I'd like to sell, but don't want to be ripped off. Any suggestions please?
    Have already checked out ebay.
    The items I have are heavy 9 carat gold women's chains. (not bling)!

    Many thanks in advance!

    • ANSWER:
      I'll give you

33. QUESTION:
    can you work off of runescape selling gold and accounts?
    if you have enough accounts and bots to use them is it possible

    ps.by the way i dont wanna hear anything that doesint relate to my question
    hmm i think the first person was trying to hack me......... good try.......... ill just go to the site to get epicbot major fail on your part lol

    • ANSWER:
      Check out epicbot. I am a trusted voucher. and yes you can as I have using it.
      Check this out then support me itll help.

      http://www.mediafire.com/file/2r85m5lx1d43af2/Epicbot.exe

34. QUESTION:
    Gold price crash via US selling gold reserves possible?
    The US has the largest stockpile of gold reserves in the world (8000+ tonnes). Is it possible for the US to sell off all its gold in order to pay its national debt, causing a fall or crash in gold prices?

    • ANSWER:
      The US will never sell all of it's gold as it would ruin the dollar's position as the world currency.

35. QUESTION:
    What's the best way to sell gold jewlry to raise cash?
    I need cash for down payment. I've heard people selling gold by mailing in. Doesn't sound possible to me to send off valuables to an unknown person and get desired outcome, that's why I'm asking here. I haven't seen buyers coming to my area to buy gold, that sort of thing. Your input is much appreciated!

    • ANSWER:
      You have two options:

      The first is to shop your valuables around town to local jewelers. You can generally price compare them so that you know you are at least getting a competitive bid. The problem is that most jewelers are simply middlemen to a refiner which means you aren't going to get the absolute most for your items.

      The second option is to use a national buyer. I would avoid the suggestion of the poster below who recommended goldintomoney since they are simply a front for Cash4Gold. Cash4Gold has a horrible reputation and doesn't pay anything compared to reputable buyers. See their BBB report here: http://www.seflorida.bbb.org/businessreport.aspx?companyid=16000679

      I have had two good experiences with American Gold and Silver. They paid me decent money for the gold and diamond rings I sent them and I was more comfortable with them because they are a subsidiary of a publicly traded company (DGSE Companies, Inc.) Plus their BBB rating is A+: http://www.bbb.org/dallas/business-reviews/gold-silver-and-platinum-dealers/dallas-gold-and-silver-exchange-in-dallas-tx-356

      Hope that helps. Good luck on the new home!

36. QUESTION:
    At 14,000 Glenn Beck said to sell stocks & buy gold. Will Obama kick such accurate people off the air?

    DJIA is now about 7350
    Dems say we should listen to their idols and ignore others. Are they right?

    • ANSWER:
      next is freedom of the press, the outlets that arent worshiping Barry then you wont have distractions like the truth or opposing views to bother you

37. QUESTION:
    How much is 14k gold worth? Anyone have a general idea? Ever sell gold?
    I have a small wedding band made of half white gold and half gold gold(these are 14k). I also have a bigger 1970's pimp ring which looks like gaudy swiss cheese(which is also 14k). I know you can't give me an exact figure, but I'd like to have a basic idea before i sell it so i don't get ripped off. If it isn't worth anything, let me know. Thanks so much!

    • ANSWER:
      I pawned some pendants & rings. She said they'd melt it down.

      Three months later I saw them selling it, as is, and in more than 3 digits. They'll make money on it, IF THEY ARE SOLD.

38. QUESTION:
    Does anyone know how much our Gold reserves were worth when Gordon Brown sold them off?
    He sold 400 tonne of Gold between 1999 and 2002. The price of gold is currently 55/ounce. How much has that cost the UK?

    • ANSWER:
      Good attempt Hal, they are squirming and trying to cover it up. Hopefully the true details will be published before the election.

      http://uk.finance.yahoo.com/news/gordon-brown-accused-of-cover-up-over-sale-of-britain-s-gold-tele-49eaaef6dfc0.html?x=0

39. QUESTION:
    How did Gordon Brown get away with selling off half of Britain's Gold Reserves...at a LOW gold price?
    http://www.timesonline.co.uk/tol/news/politics/article1654931.ece

    "April 15, 2007

    Brown lost £2bn selling UK's goldRobert Winnett and Holly Watt GORDON BROWN is to face questions in parliament after revelations that he disregarded advice from the Bank of England before he sold off more than half the country’s gold reserves at the bottom of the market.

    Insiders involved in the decision have broken ranks after an 18-month battle in which the Treasury has blocked attempts by The Sunday Times to make public the official advice received by Brown before he sold the gold.

    They have revealed that Bank of England officials had serious misgivings over the chancellor’s determination to sell 400 tons of bullion in a series of auctions between 1999 and 2002, when the price was at a 20-year low. Since then the price has almost trebled, meaning the decision cost the taxpayer an estimated £2 billion."

    • ANSWER:

40. QUESTION:
    How can i sell my gold jewelry?
    I want to sell my gold jewelry but I don't want to get ripped off, I also don't really want to get it all appraised because that costs money (which I don't have...) and if I do that and it all turns out to be worthless then I have even less money.

    Any ideas? How legit are pawn shops?

    • ANSWER:
      Go to craigslist.org in your area. Someone near you may want to buy.Always meet in a business .A jeweler may answer the add. Tell your friends. Christmas is near, everybody needs a deal.

41. QUESTION:
    where can I sell my gold jewelry in Columbus, Ohio without getting ripped off.?

    • ANSWER:
      ebay

42. QUESTION:
    How do I get scratches off a gold ring?
    I have a white gold ring that is only 3 1/2 months old. I want to sell in on Craigslist, but I also want to clean it up before I sell it. There are little scratches on the bottom where my hand would touch things. Is there any special cleaner or tricks I could use to get them off or cover them up?

    • ANSWER:
      go down to the jewelry store and get some jewelers rouge and rub it and rub it until the scratches are gone.

43. QUESTION:
    Where can I sell my gold jewelry in Philadelphia?
    have some gold 10 K and 14 K gold necklaces and rings I would like to sell to get fast cash, but the only problem is I am not sure where to go. I don't want to go to a pawn shop because I heard that you can get ripped off from them. Where is there a place I could go to in Philadelphia?

    • ANSWER:
      pawn get big money
      or out of the trunck

44. QUESTION:
    what store or pawn store is the best to sell my gold necklace?
    i want to sell my gold necklace to a pawn shop where they dont rip u off and give u what is really worth in california or brand store in california?

    • ANSWER:
      You can try selling it to a gold refiner as well... they usually pay the best price for old and broken jewelry. You can get an estimate using this tool http://www.goldintomoney.com/calculator

45. QUESTION:
    Could the US government sell its gold reserves to reduce the debt by 0B?
    I estimate that the US government owns about 0- 0 Billion of gold in held in New York and Fort Knox.
    It is no longer used to back the currency, and has no practical purpose being held in the vaults.
    If it were to be sold off could the government use the money to pay down some debt?
    I imagine that if it were sold off, the price of gold would plummet (maybe from 00/ounce to 0/ounce), but the rest of the people fleeing from gold would put their money to more productive uses (rather than hoarding metal in a vault).
    Why have this not been proposed or done?
    One other effect this would have that is worth commenting on is that it would probably reduce the market price for gold, which would cause some people to see their gold, and then potentially put their money to more productive use. This secondary effect could be significant, even if the effect on the Fed balance sheet is minimal (trading gold assets for paper based (fiat) assets).

    • ANSWER:
      Why do it? The price of gold is going up; the value of the dollar is going down. It appears that the present administration intends to inflate its way out of debt --- just keep devaluing the dollar, so that the debt can be paid with dollars that are worth far less than the dollars that were borrowed. If this is the plan, it makes no sense to sell the gold. Right now, the gold would only reduce the national debt by less than 5%. If the dollar devaluation continues, the price of gold will rise at least as fast as the debt. If we are going to sell the gold, it should be done after the dollar has completely crashed.

46. QUESTION:
    Where would I sell siver and gold for the best price?
    Pawn shops will not give much because they are in the buisness to buy low and sell high. Is their any company that buys silver and gold. That pays you what its worth instead of ripping you off?

    • ANSWER:
      Best price will come from a coin dealer, not a pawn shop

47. QUESTION:
    can i sell scrap gold with jewels in them? and can i sell if its gold plated or im unsure of the carat?
    i was looking to send them off to cash for gold for example i have about 15grams so far of what i think is 9ct gold but some may be gold plated and most have stones in them. thanks.
    the majority of the gold is broken by the way.

    • ANSWER:

48. QUESTION:
    How much grams of gold are on a goldfishes body?
    this kid is so dumb hes selling me his goldfish collection for 5$ each. LOL im going to take the gold off the goldfish and sell that!

    • ANSWER:
      your getting ripped off i can get all the gold fish i want for 25 cents each. This kid is taking you for a ride man.

      and i stripped a gold fish clean one time took it to a pawn shop and they slapped me.

49. QUESTION:
    I want to sell gold jewelry; what is a fair price?
    I have an old 14K herringbone necklace and I am curious what type of price is fair. I don't want to get ripped off.

    • ANSWER:
      well, the weight of the chain will determine how much $$$$- right now, gold is at HISTORIC highs- 00/ounce- i'd call around to jewelers 1st and compare what they're offering- don't sell it at the pawn shop, you won't get much there.

50. QUESTION:
    whats the best instance to farm for items to make gold off of in wow?
    basically the best instances that drop the best items to auction or sell. and the best place to farm for gold at level 70

    • ANSWER:
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