Seeking out honest, reputable gold dealers is important when deciding to invest or sell your gold. Finding reliable gold dealers can save you a lot of time, money and stress, especially when dealing with valuable items or personal possessions. Here are a few tips to consider when searching for an honest gold dealer.

Does your jewelry dealer have a valid license? In California, jewelry dealers are required to have a license, but not all of them do. A licensed gold dealer protects consumers by taking steps to prevent theft and fraud. Ask your prospective jewelry dealer if they have a license – it should be on display and they should readily present it to you.

Be aware of how gold is purchased. There are plenty of ads for gold dealers willing to pay you a quick sum when you send them your gold jewelry. But did you know it is illegal in California and most states within the USA for gold dealers to purchase jewelry through the mail? Also, be aware of whether the dealer is weighing your items in grams, or pennyweights (DWT). Each unit is slightly different, and some dealers use this to imply they are offering more, when actually they are offering less. Be careful that the gold dealer you choose is abiding by the relevant laws and regulations.

Do your research to find a suitable gold dealer. The Internet provides plenty of resources to check whether a gold dealer is reputable and honest. At Paul Albarian & Associates, we have over 23 years of experience and are proud of our reputation. Give us a call or stop by our office, and we’ll be happy to talk about the steps we take to be your trustworthy gold and jewelry dealer.

Are you interested in making some extra income by selling your gold items? Many financial advisors recommend their clients invest 5% to 15% of their investment portfolio in rare coins, and precious metals as a hedge against the weakening of the United States Dollar, inflation, and world instability. We also offer up to 15% commission on jewelry sales when you refer your friends and family. Please call Paul Albarian today at (818) 827-7152 to set up an appointment and get free information.