One question we hear time after time is, “Why should I sell my gold online instead of at the local pawn shop?” Truth be told, there are lots of reason you should sell your gold online; here are the top 5.
1. Stricter Regulation
Interstate Commerce and Federal Regulations
The local pawn shop or jewelry store is required to comply with state laws regulating how they operate their business. Some states offer more protection while other states offer less. Unfortunately, it’s the luck of the draw as to how much protection your state offers you.
However, when you sell your gold online, it is considered interstate commerce. And therefore, transactions between you and NowGold.com are governed by Federal Regulations. Mail Fraud is a serious federal offense which carries heavy penalties such as $250,000 fine and 30 years in prison.
When selling your gold online, you can rest assured that the full power of the United States Government is there to protect you.
Safety should be a major concern.
Think about this:
You see an advertisement for a gold buying event at the mall. Lots of people are going to sell gold. You and others show up, walking through the mall parking lot with a purse full of gold jewelry and leaving with a pocket full of cash.
Who else saw the advertisement? Bad guys!
You’re a sitting duck, waiting to be targeted by a mugger. This sort of thing happens all the time. Why set yourself up as a target?
What about Pawn Shops?
Pawn shops seem to always be located in the worst part of town. It’s bad enough to go there, but carrying cash and valuable just makes it worse.
Never ever go meet a stranger to sell your gold, at their location or yours. It is extremely dangerous. Individuals on the net (as opposed to legitimate companies) are very dangerous. Don’t put yourself in a situation that is out of your control.
Let’s face it, you’re busy. You don’t have time to be going to gold parties or running all over town to sell your gold. Selling gold online is really quick and easy compared to selling gold jewelry locally.
With NowGold.com, you can simply fill out our Get Started Form, print out a shipping label, and throw your jewelry in the mail box. A couple of days later, you automatically get cash in your bank account.
If you are a private person you just don’t want everybody to know you are selling gold. When you sell gold jewelry online to NowGold.com, nobody else needs to know. You friends won’t know, your family won’t know, not even the postman knows you are selling gold online.
5. Get Top Dollar
Commercial real estate is very expensive. So why would you want to pay the rent for your local jeweler? The point is that the cost of doing business in a local storefront is high. They pay those high costs by paying you less.
Another important factor is competition. Online gold buyers operate in a national market, therefore we have to be competitive.
And finally, consider the economics of scale. Online gold buyers like NowGold.com just do higher volumes than the guy on the corner. As such, we can afford to pay better prices.
Bottom line, chances are you’ll be paid much more from an online gold buyer than the local gold buyer.
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