By Dr. David Eifrig in Retirement Millionaire:
Late night commercials are begging you to sell your unwanted jewelry. Unless you have dire circumstances, hold on to your gold. It's a good asset to have in case of chaos or inflation fears. But if you need to sell your gold, do some research first. The most advertised company seems to be Cash 4 Gold. It claims you can get cash fast when you mail in your gold, silver, platinum, or diamonds to them at 20% more than other companies would offer.
We called Cash 4 Gold, and the people there refused to give us price quotes. ABC's Good Morning America sent in gold jewelry valued at $350 and only received $66.07 from Cash 4 Gold.
Instead, you're best bet is to shop your gold around to a few local jewelry stores and compare their offers.
Dr. David Eifrig is the editor of Retirement Millionaire. Each month, Doc Eifrig brings his readers actionable insights on saving money... staying healthy... food & wine... travel... entertainment... and the best investments for retirees... making Retirement Millionaire one of the greatest values we know in the advisory industry. If you're not already a subscriber, click here to learn more
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