Gold Conversion: Ten Dangers to Avoid
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Gold Conversion: Ten Dangers to Avoid
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Thinking about turning old jewellery or bullion into cash but worried about getting ripped off?
In this episode of GoldBank Insider, we walk through the 10 most common traps people fall into when they sell gold and how you can avoid every single one. From not checking the live gold price, to misunderstanding carat and purity, to trusting dodgy scales or vague “fees”, we explain the practical red flags to watch for before you hand anything over.
You will learn how to read hallmarks properly, why a quick check of the spot price can add hundreds to your payout, how to compare offers from different dealers, and what good paperwork and process should look like with a reputable buyer.
Whether you are selling a tangle of inherited chains or a stack of coins and bars, this episode gives you a clear, step-by-step checklist so you can convert gold into cash with confidence, not regret.
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