Today’s economic times are tough, and many people are interested in new ways to earn extra income. Before taking your gold jewelry to a retail store in order to earn a profit, read on to find out why selling online may be a better option.

When selling gold jewelry for cash, many people think of pawn shops. Ideally, it is best to stay away from such establishments, as they typically do not pay out the equivocal value of the jewelry in cash. Often, people who conduct transactions at pawn shops walk away feeling unsatisfied with the outcome. As an alternative, people sometimes consider jewelry stores. However, these stores are able to obtain gold at wholesale prices, and therefore will not pay top dollar for your jewelry.

A third option exists, for the consumer interested in getting the best return for his or her investment. The business of gold refiners has been on the rise in recent times, and offers consumers the most cash back for gold jewelry.

Gold refiners may be found through the internet, and sometimes, telephone directories. These are the companies that pawn shops and jewelry stores sell jewelry back to. By choosing to contact a refiner directly, you manage to remove the “middle man” from the transaction. Doing so eliminates extra costs, which translates into a higher cash return on your jewelry.

The process of getting your jewelry to a gold refiner is quite simple. Once you’ve chosen the refiner, you must request a gold refiner’s kit, either from the company’s website or over the telephone. The kit is sent out to you the next day. Once you receive it, you may place the gold jewelry you wish to sell into it and send it back to the refiner via mail. Within twenty four hours of the time the refiner receives your gold, you will receive a quote for a cash sum.