Everyone faces financial difficulties in their life. If you are having hard financial times and nobody is there to help you, don’t worry, your valuable gold can get you through tough times. Yes, you could easily get a loan against your gold and get a great price too! Loans against gold do not require too many formalities either. Get the best value loan against your gold!
Here are tips to help you when keeping your gold as collateral:
If you have your gold evaluated, ask for any gold testing. It's important to obtain one since to the novice eye, it's very difficult to verify that an item of jewelry or any other gold items or pieces you may have are real gold or merely a cheap kind of metal layered with gold or perhaps fake gold. You know precisely how it is; it's very simple to produce cheap plated or thrown gold. If you have rare metal testing completed, you're assured and also the lending company, that the gold is true and real and yourself get optimum price for that when evaluated.
Ask for a standard rare metal acid test – you will need this to learn the karats of your rare metal. Some gold items, mainly because gold in nature is often a soft metal, have added metals to it to makes it solid. The purity of your gold is scored in karats. The gold acid test will help you get a better assessment on your item.
What is gold plating and will it have an impact on my gold loan? – A method in which another base metal serves since the shape of the ring, just like copper or silver, gold plating is just not considered gold and doesn't carry any real gold value, because even though it is gold plated, it's too tiny for making any relevance.