Don't get ripped off, know how much your gold is worth

An ever increasing number of Brits are discovering just how much value they may have squirrelled away in their old Gold and Jewellery. After all, it would be hard to ignore the constant barrage of TV commercials on the subject!

The question is though, is there really any value to be found in selling your old jewellery? Surely it can't be worth that much? Well, if you arm yourself with the knowledge of the worth of your gold, then it can be a quick and painless way to make a bit of money, you just have to make sure you're dealing with a reputable company.

With the price of gold ever rising, you have to decide whether now is the time to cash in, or will you wait and hope it keeps rising? Selling the gold has never been easier thanks to all the Cash for Gold companies currently operating.

However, it's important you play the field a little to try and get quotes from more than one. Arm yourself with a rough idea of the value of your gold by checking the hallmark and the weight. This should give you an idea of the ballpark figure you should be aiming for. It's also vital to remember that you will never get 100% of the value of your gold. You will likely get closer to 80% or 90% as the remainder is the Cash for Gold company's profit.

A handy guide to establishing the value of your gold can be found at this website - http://www.myprecious.co.uk/how-to/how-to-tell-what-your-gold-is-worth/. Best of luck as you attempt to cash in on your gold!

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