Making the statement that gold parties are a rip off is a pretty bold one. But what I am going to do is break down the process for you so you can make a decision for yourself when all of the facts are laid out.
So what is a gold party?
A gold party is simply a dinner party or gathering at someone’s home where the guests bring their unwanted gold jewelry so it can be conveniently sold to a gold buying company representative. Generally wine a spirits are served so everyone is relaxed and has a good time.
The representative will weigh and test the jewelry for quality and make an offer to people who are willing to sell their jewelry for a little profit. But do they offer the most money possible for your jewelry? That is where the rip off comes in.
Here is what is going on behind the scenes.
The gold representative simply does not offer the full amount possible for your gold because he needs to hold back to leave some profit for himself and the host of the party. That’s right, the host makes a profit off of all the jewelry sold at the gold party. The host will usually take about a 10% cut of all the jewelry sold at the party.
Now how does the representative make a profit?
The representative usually pays out of pocket for all of the jewelry bought at the party. He then resells the gold items to a refinery for it to be melted into ingots or bars. The representative has to leave some room for profit when the gold is resold. It’s as simple as that. Everybody is taking a cut of your profits. And that means you don’t make the most money possible.
Go to Cash for Gold USA Review and see for yourself how to make the most money for your gold without getting ripped off by all of the middle men.