If you’re looking to get “cash 4 gold,” as one of our less-reputable competitors would say it, you need to be smart about how you go about it. Selling unneeded gold is a great way to pick up some extra cash, but if you want to get the best price for your gold, you need to do a bit of research first.

Gold is a commodity that is traded in markets worldwide, and its price fluctuates daily. Even within a single month, you can see pretty large differences in the price of gold from day to day, even up to $100 USD or more. Following the market rates, and knowing a bit about the gold markets, can ensure you make as much as you can.

A Quick Guide To Getting The Highest Cash 4 Gold Payouts

Despite having relatively few practical uses, gold has been a currency and investment for most of western history. The main reason is that gold is so easy to work with. It has a low melting point, it’s easy to craft, it never tarnishes, and its physical properties never changer regardless of how often it’s melted down. Gold is gold is gold. For all you know, that necklace you have could have gold in it that was traded in the Roman days.

These days, it’s still popular among the wealthy as a hedge against inflation, because its value changes more slowly than most currencies, and as a stable commodity that retains its value even in economic downturns. Given the economic uncertainty that’s been growing throughout the west, including the US’s debt and the collapsing governments in the Eurozone, this has driven gold prices steadily upwards for the past ten years.

Inform Yourself Before Getting Cash 4 Gold

Watch gold rates. The financial site Kitco has an excellent set of charts showing the current prices, as well as historical graphs from 30 days to 10 years. This gives you a great at-a-glance look at how gold is doing at the moment. If the price is low, wait for a rising trend before selling.

Also, keep an eye on financial news. Generally speaking, gold prices spike whenever there’s bad news regarding a major currency or a country’s financial woes.

Keep these things in mind, and you’ll ensure you get the most possible money from your gold!

Do you think now’s the time to get cash 4 gold?