Gold has always been a metal that has been highly valued. This tradition continues into the twenty-first century as the price of an ounce of gold rose to an all-time high of just under $1,900 in September of 2011. Today an ounce of gold is not worth that much although it still costs well over $1,200 and has remained around that price for the past several years. Many individuals are aware of the demand for gold and therefore the value that inherently comes along with that. Recognizing this, many shops claiming to give top dollar cash for gold have appeared within the past few decades. These shops can be highly deceptive as they operate on a business model that often assumes you do not know what your gold assets are worth.
This is why it is so important to not only take your scrap metal to reputable professionals like those at Taunton Scrap Metal, but to also understand exactly how much gold you have and what it is worth. Despite the obvious aesthetic differences between rose gold and traditional gold, there are other differences between gold that one must factor into their calculations when determining what their scrap metal is worth. The first step in doing this is to check how many karats your gold is comprised of. This will help you learn the percentage of actual gold making up your item as this number varies greatly and can be anywhere between the 41.7% present in 10 karat gold and the nearly 100% found in 24 karat gold.
Equipped With Knowledge
The reason why determining the percentage of actual gold making up your item is that you can multiply the percentage by the weight of your item I order to get a total gold weight for your scrap metal. By doing this you have the proper knowledge to make sure that you are not given less money you deserve when visiting questionable cash for gold stores. Not only does Taunton Scrap Metal provide individuals a safe and reputable place to get cash for their scrap gold, we can also help answer any questions you may have in regard to our company and the services we provide. Contact us to start scrapping your excess metal and receiving cash today, we can be contacted online through our contact form or over the telephone at 508-823-0900.