Surely you have ever noticed those shops, which are growing in number, where they buy gold. It is difficult not to notice because surely there is one in every neighborhood of your city, and it is that lately it seems that the only businesses that dare to open are those that buy gold and jewelry. Surely you are also one of that large number of people who every time you pass by one of those establishments think of that set of pendant, bracelet and earrings inherited from your grandmother with a pinch of remorse. And you may have to get rid of them one day, as many people are already doing.
Pawn or sell?
The monte de piedad has traditionally been the resource of innumerable families in the face of economic hardship. Backed by savings banks, the pawnshops offered the possibility of recovering the jewels, because we are talking about commitment and not sale.
It was enough to go to them with your jewelry and prove their belonging; they appraised the set, obtaining the corresponding cash after signing an agreement. After a while, the pawned jewels could be recovered as long as the amount granted was paid plus interest, which could range between 5% and 10%. Otherwise, the pieces entered a public auction.
Until now, commitment had been the most popular option for families, who could solve a situation of punctual economic hardship and could later recover their assets. But currently, with the crisis situation that is prolonged and does not seem to end, with many of the members of the family nucleus unemployed and without resources and with the revaluation of gold, it seems that the trend is different. The definitive sale of the jewels prevails over the commitment.
Sell the gold
Indeed, more and more people forget about pawnshops and go to establishments where they buy gold in a faster, but also more definitive way. Faced with prolonged difficulties and without a glimpse of economic improvement, families do what they can to make ends meet, and if that means parting with family assets, it is best to go to the highest bidder.
There are already franchises of these shops where you can go to sell your jewelry and they seem to be the most profitable option. The procedure is simple. They weigh your objects and value them according to the price of gold. Do not forget that the price of gold, as it happens with the Stock Market, fluctuates, and experts say that these are good times to invest in gold, being at the moment the safest value. But the price does not only depend on the weight, but also on the quality of the gold delivered, something that is examined in the store itself. Once the price is determined, you can leave the establishment with the amount in cash on the same day.
If you want to know what they are going to do with your jewelry, it is best that you forget about sentimentality, because the procedure of these shops is simply to melt the gold for its conversion into bullion. Something that should not worry you if the decision to sell your jewelry is determined by a situation of need.
