Because of the demand in gold, you would notice that the number of scrap gold buyers increase almost everyday. This trend can be beneficial for a person who wants to sell gold like you, be it jewelery or coin, because you can haggle for prices with different gold buyers and get the most money out of your gold. But, did you know that the more gold buyers there is, the higher your chances of getting scammed? To avoid being cheated by a gold buying agency or individual, let’s briefly analyze what gold buying is and how you can do your moves with so many gold buyers around you.
What items qualify as “Scrap Gold”?
Gold buyers say that scrap gold is any item that contains gold or is made of gold, as long as it satisfies the specific carat requirement of the gold buyer, otherwise called a genuine, authentic gold. Typically, scrap gold takes the form of jewellery, be it whole or broken. 
Many people sell gold jewelleries like mismatched earrings, broken bracelets or necklaces made out of gold. Even a golden ring that has lost its diamond or another precious stone can be considered as scrap gold.
Why do scrap gold buyers want to buy my unwanted jewellery?
For you, your gold jewellery or any scrap gold may be “unwanted”, but for gold buyers, it’s the complete opposite. They value the gold more than you can think of, and the price that they would give in exchanged for your unwanted jewellery is always lower than the real price that it deserves, which is actually the right way that an exchange should go between you and the gold buyer. But what is the real, deeper reason for this, you ask? Well, the answer lies in the inherent melt value of your gold. When you sell it to a gold buyer, the
gold would undergo a process called melting, and would be turned into ingots. These ingots would be sold out on the open market, where a refinery would find and buy it, then resell it to companies who sell gold jewelleries, figurines, artworks and other gold-related products. Do you know that gold dust is used in some cuisines in the most luxurious cities of the world? If you get a chance to eat a plate of such cuisine, you might not know that the gold dust used to “garnish” it is actually from the gold earrings you sold sometime in the past.
Where can I sell my gold or gold jewellery?
It’s best to say that the safest gold buyers would be the refineries themselves. Try searching Google or Yahoo! about the most reliable gold refineries that offer a good pricing for each ounce of gold you sell to them. You can also take a look at review sites that specialize in reviewing gold buyers, may they be refineries, groups, agencies, companies or individuals. To make the most money out of your gold, simply make a list of possible gold buyers and then compare the prices, the safety and other transaction concerns so your gold-to-cash exchange would go smoothly.