Price is an issue that concerns both the buyer and seller of gold. The buyer strives to reduce the price as much as possible. An informed seller will bargain for the buyer to offer him a good price. To be informed about cash for gold issues, visit www.TrustedGold.ca.
Minimum Price Possible
The buyer cannot sell gold in Edmonton below a particular price. Selling below that point will mean incurring a loss. In most cases, buyers sell far below the minimum price possible because of the poor bargaining power of buyers.
How a Buyer Will Determine Price
Buyer will determine price basing on the amount of money it will take to smelt the jewelry in question, the carat value of the item and the weight. Buyer will have to factor in all the costs that will be incurred so that to obtain pure gold. He will also factor in his desired profit margin.
Negotiation determines prices to some extent. The buyer will simply undervalue your gold jewelry so it is up to you to negotiate to get a reasonable price. To bargain properly, you need to be highly informed. www.TrustedGold.ca has facts about the different cash for gold issues.
Strive to get the best price possible. Get acquainted with the latest gold prices and factors that influence prices. Taking some time to research will help you to get a good price.