There has been a very buoyant market for scrap gold in the past few years, demand for gold rises significantly in a global recession as governments and private investors seek to underpin their currencies. If currencies fail then gold is the fallback; fast forward a few years to the next boom and the price will fall again. The jewelry market actually utilises only a small proportion of the annual global gold mine output. Companies offering to pay money for your scrap gold in a recession are doing so for one reason and one reason only, and that is to make some big profits.
They know that they can buy for a price perceived by many to be a good price and sell at a huge price. Selling your gold whilst the prices are high, particularly if it is broken or unwanted jewelry items, is a perfectly viable and acceptable way to turn physical assets into cash. But how many people know the true worth of their gold before accepting a price? This page will explain the valuation process so that you can negotiate heavily with the gold buyers.