Recently, gold prices have been particularly volatile. This phenomenon has caused many individuals to join the ever increasing ranks of Phoenix gold buyers. This increased number of Phoenix gold buyers is advantageous since it enables you to find excellent prices for your gold jewelry.

Unfortunately, the increase in the number of Phoenix gold buyers has also resulted in an increase in the number of unscrupulous dealers. Thus, whenever you wish to sell your gold, always make sure that you know the buyer well to avoid any chance of being swindled. In this large pool of buyers, there are certain factors that you should consider and analyze to make sure that you find legitimate and reputable dealers.

Location

Ralph Mueller and Associates strongly recommends that you look for the traders with permanent locations and addresses. Traders with boutique shops can potentially disappear after their trades are completed and might prove difficult to trace. Doing business with a dealer with a permanent location means that you'll be able to quickly and easily find them should you have any complaints or disputes.

Also, always make sure that you get a receipt after any sale. A receipt is concrete evidence of your engagement with a seller, and if any issue is raised later, you will have the supporting documents for your transactions.

Feedback

Before selling your gold jewelry to any Phoenix gold buyers, make sure that you conduct a thorough background check on them. Find out what their previous and current clients are saying about them. Those buyers with many positive reviews and feedback are, in most cases, reputable. If you find a buyer with no reviews or one who has negative feedback, be cautious. They are in most cases not reputable or professional.

Experience

A company that has been in operation for a lengthy period is a good place to sell your gold to since they have experience. A buyer who is more established is usually more reliable and professional and you are less likely to be cheated. In order to protect your possessions, it is best to sell only to the Phoenix gold buyers who have been in operation for many years.

Licensing

Your ideal buyer should have a legitimate business license to buy and sell gold pieces. They should also be in good standing with the Better Business Bureau.