How to Calculate Value of Scrap Gold

Having scrap gold for sale is one thing but how do you calculate the value of scrap gold?

The spot gold price is really a poor indicator of the value of gold. Look around and you can see that gold sells for much more than the spot price of gold (which is only the paper price of gold on the market after all and is not really gold).

Scrap gold is really any gold that is not wanted or which can be turned into cash or profit so scrap gold can include the following therefore:

Gold jewelry
Gold chains
Gold fillings (dental)
Nuggets
Bars

In fact anything that is made of gold or has gold in it.

Before you sell scrap gold you should know exactly how much actual gold you have and how much it is worth. Then you can ensure that you are getting the right price for your gold.

There is a secret formula which scrap gold dealers use and when calculating the value of scrap gold and which is shown here.

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