Selling Used Jewelry?

We, Halach Gold Inc, operate two websites, these are; www.bestpay4gold.com and www.mygoldgram.com .

The Bestpay4gold is designed to serve customers who are looking to cash their gold jewelry whereas Mygoldgram.com delivers I.A.R. certified GOLDGRAM™ bars to customers directly.
Our professional team is fully trained to meet our customers’ needs. At Halach Inc we value our clients and their business. We understand that buying and selling gold is a sensitive procedure and needs our full attention to make sure customers receive true value in both transactions.

The following information and list of Q&A s are gathered from our experiences in recent months as well as your questions.

Q&A – Selling Used Gold
Many of us have collected a variety of gold jewelry over the years, some of which we no longer wear. Before joining the growing number of people who are taking advantage of rising gold prices to turn their jewelry into cash, you may want to know whom to trust, what criteria to pay attention to, and find out the current market circumstances.

After evaluating your financials you may decide now seems like a good time to join the gold rush. Like any business venture, it is prudent to educate yourself about the nuances of turning gold into cash.
1. Who buys gold jewelry?
2. Who buys gold coins?
3. How can I know if the company is legitimate and has a good customer service?
4. What determines the actual value of my jewelry?
5. How would I know if I was getting a fair price?
6. Which pieces would be most worth selling?

1. Who buys gold jewelry for its meltdown value?
Finding a jewelry store or dealer even a refiner to sell your gold is not difficult; especially nowadays there is no shortage of companies advertising their services all over the media.
But just like in any business transaction, selling requires some shopping around. We recommend making a list of three to five buyers, including your long time jewelry store. If you have time take your items to every one of them and make a comparison among the offers before selling it. For online service companies make sure you call and ask for the list of the prices based on the karat value such as 22k, 18k, 14k, and 10k. If they are not disclosing their listed prices over the phone and expect you to send your valuables without an approximate offer, do not send it. In other words would you sell your car or house without knowing how much it is actually worth?

2. Who buys gold coin?
You need someone who deals precisely in gold coins, a full-time gold coin broker. First find out the actual worth of the gold coin. There are so many Gold Coin specialist and you do not want to be under paid especially when it comes to historical gold coins.

3. How can I know if the company is legitimate and has a good customer service?
Checking out the company with the Better Business Bureau and the city or state department of consumer affairs will only get you so far. A good indicator of a legitimate company is the quality of their customer service. Did they contact you right away? Did they give you estimation over the phone? Test the company, send one item and if you are satisfied with the price send more. Also Customer Testimonials are so important.

4. What determines the actual value of my jewelry?
Karat, weight of the jewelry and the Gold Price of the date you are cashing in are used to calculate the actual value of the item.
Karat; it is usually stamped on the jewelry, but is sometimes too tiny to see with the naked eye, and need a magnifying glass (loupe) to look at it. However if you show the same item to different dealers you can also test the reliability of the dealers. In US most jewelry is 14-karat, though some better pieces are made from 18 karat, and inexpensive jewelry is often 10 karats. So if the item you are holding is not 24k Jewelry the gold pieces are worth only a proportionate fraction of the 24-karat price. In other words, a 14-karat gold ring is valued at 58.5% and an 18k gold ring is valued at 75.0% of the 24-karat gold price.
Weight; when you are selling Gold is most often measured in penny weights, with 20pw equaling an ounce. If you have a sensitive kitchen scale you might check the weight but a legitimate dealer has a scale which is certified and periodically subject to random checks by the Consumer Affairs. Weight is another tool to check the reliability of the dealer.
The Gold Price; check the daily gold price online on major websites.

5. How would I know if I was getting a fair price?
If you deliver the gold to the dealer yourself you should expect to get at least 90% of the gold's value based on that day's price. If you have 5 ounce and more ask for 96% in return. Expect to receive slightly less for the convenience an online service provider, again call the website and get an estimate value. Would you sell your car without knowing how much it actually worth? We all know that a buyer deserves to make money but how much is fair? Do not settle until you are 100 percent sure that you found the right buyer.
Here is the example:
You have 70 penny weights or 3.1 ounces or 108.85gram of gold jewelry excluding ornamental items such as stone or glass pieces which have no value. The karat value is 14k (58.5%) and the selling gold rate is $900.00. The 70pw of 14k gold at market price would come to $1842with the 90% of the gold’s value based on the gold rate of $900 you should not settle for less than $1657.80 if you deliver the gold to the buyer’s doorstep.

6. Which pieces would be most worth selling?
This is an emotionally complex task. Before cashing out make sure you go through your items and separate the ones that are ok to be melted down.

©2009 – Halach Gold Inc -www.mygoldgram.com

Saving for a Secure Financial Future

For 5,000 years, gold has been the international representation of economic security. In the United States gold has always had an even deeper significance. Since the country’s founding, gold has represented the power of the individual to stand against the sway of the State towards corruption and abuse of power. As President Hoover argued in The Memoirs of Herbert Hoover, gold is the ultimate check to prevent, “confiscating the savings of the people by manipulation of inflation and deflation.” He even went so far as to repeat the age old adage that “We have gold because we cannot trust Governments.” Throughout our national history, gold has been the clear economic manifestation of individual liberty. During spurts of economic growth, gold advocates were deemed overly-pessimistic and were largely ignored. However, at present we are experiencing a turning point in the perception people have towards gold.

Gold has predictably enjoyed a media flurry in the months following the market implosion. The attention has centered mainly on individuals realizing that their old jewelry has true value. Gold is money was the sudden collective realization which resulted in the proliferation of Gold Parties. This, in many ways, is a positive step, as many individuals desperately needed the cash they received from their gold to delay home foreclosures, pay credit card debt and mounting bills. The current market conditions have proved to be a strong learning opportunity for people not to underestimate the value of the gold they possess in bits and pieces. As we build on this lesson, we continue to see that a long-term investment in gold can be a refuge during economic turbulence.

Halach Gold, Inc. manufactures fine quality 24k GOLDGRAM™. GOLDGRAM™ bars are of the highest fineness available in the market: 999.9. However, what separate us from others in the market are our unique services, 401G-Gold and GOLD Exchange Option, which make gold investment possible for every budget.

The problem with traditional avenues for gold purchase has always been their inaccessibility for the people who are most sensitive to economic turbulence. A futures trading agreement requires expertise, substantial monetary investment and time. Our 401G-Gold program is unlike any other because our customers receive small weekly and monthly deposits of gold to slowly and steadily build up a gold portfolio. The program is completely customizable and available in various weights and prices of gold. We set up accounts personally, over the phone, and online at www.mygoldgram.com.

Secondly, we have a GOLD Exchange Option (GEO) to help individuals transfer the gold they already own in scrap, into fine GOLDGRAM™ bars. Part of the confusion many people have been experiencing is that, on one hand, a barrage of commercials tells individuals to sell their gold, while, on the other hand, financial gurus are telling them to buy. At Halach Gold, Inc. one can have the best of both worlds. We accept scrap gold of any karat and in exchange for 24k GOLDGRAM™. GEO reiterates our belief that all gold is valuable, but that it is most productive and secure in true refiner certified gold bars.

Gold is unlike other investments because it holds intrinsic value; in its long history as the ultimate commodity, gold has never lost its value. The market has fluctuated from generation to generation, from day to day even, but it has never devalued completely as stocks can do in an instant. The wisest approach to gold ownership is to think long-term, diversify, and never undervalue the worth of gold for economic autonomy and security.

Gold: The Money of Yesterday, Today and Tomorrow!

Gold and Paper Money take us on a tour around the world, from prehistory up to the modern day. As early as 17th Century B.C., gold was used as a monetary exchange in Lydia, located in present-day Turkey. Paper money, however, has had a much shorter and more volatile world history than gold. Individuals have owned gold for more than two thousand years and it has proven to be one of the most secure methods of passing savings from one generation to the next. In fact, it’s one of the few assets you could take almost anywhere in the world and exchange for goods or services.

We don’t believe that we’ve seen the full extent of devastating inflation in today’s U.S. economy, but before history repeats itself and currency is devalued further, the prudent decision would be to invest in gold. We cannot imagine another time in American history when it has been more important to recognize a safe investment tool to protect one’s portfolios.

Our founders, the Halac Family, have always understood the importance of investing in gold, and for over four decades they have dedicated themselves to refining 999.9 fine gold, the highest quality available in the market. They have combined their vast experience with Istanbul Gold Refinery, and, using constant technological innovation, have constituted GOLDGRAM™ bars to help investors preserve their wealth throughout the world.

Whether you are investing in Stocks, ETFs, Mutual Funds, Real Estate or in an IRA, there is a possibility that the investment you’ve made will either bring you a fortune or end up providing you with nothing. The probability of the latter is much higher, considering today’s times. Today’s stock market crash has led many people to keep their money in a mattress and nowhere else. The bottom line is, there is no safe haven for your investments but gold. Gold is known as a safety-net against a falling currency. Under the present financial circumstances, the value of this should not be underestimated.

We strongly recommend that you consider adding gold to your portfolio today. As global gold resources are depleted, it will become increasingly more expensive to incorporate physical gold into your portfolio. World markets in Europe and India are already experiencing the rising value associated with high gold demands. To meet the needs of our clients, we offer direct insured deliveries of GOLDGRAM™ bars. We encourage you to research and compare GOLDGRAM™ with other products available in the market. To further help you decide why you should purchase GOLDGRAM™, kindly go through the list of unique attributes, and the competitive edge that GOLDGRAM™ has over other products available in the market.

Additionally, we encourage employers to incorporate a “401G- GOLD™” program. The program will enable your employees to set up a monthly Gold Saving Plan by actually purchasing the GOLDGRAM™ bars and receiving the physical gold at their doorstep. The various denominations of GOLD GRAM™ are available in 1gm, 2.5gm, 5gm, 10gm, 20gm, 50gm, 100gm and 1 Ounce Coins.

Gold is the ultimate protection against crisis and inflation. There is no better time to invest in gold than today!