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Three easy steps to avoid getting ripped off
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Tuesday, September 08, 2009
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By Daily Crux Editor Justin Brill:

With the price of gold again flirting with new highs, you may be tempted to sell some of your old gold jewelry for cash. Before you call one of those companies you’ve seen on TV, you need to know the value of your gold. Fortunately, you can calculate it yourself in just a few easy steps.

This article clearly explains how to determine the meltdown value of any gold item you own based on a few quick calculations. It leads you step by step through converting karat weights to “fineness” or purity, determining the pure gold content of the item, and figuring current value based on the spot price of gold.

When you’re looking to sell your item, don’t accept less than 75% of the meltdown value you calculate.

Read full article…

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Topics: Gold | Saving money | Cruxallaneous
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