Loans for gold

The current economic situation has made it more difficult for everyone but especially for those on a limited budget. Getting through the week just seems to get tougher and tougher. Still, there are options for those people who only need a short term loan and have a little bit of collateral. In particular, your prized gold jewellery can easily be converted into an affordable loan.

How to get loans for gold?

Loans for gold are almost as old as the metal itself but, unlike in times past, these days it is actually quite easy to convert them into cash on a moment’s notice. Just to reiterate, this does not necessarily mean selling your prized gold jewellery but only using it to secure a loan.

Depending on the composition of your jewellery, you can expect to receive between $15 and $35 per gram multiplied by the number of grams in the piece. This can add up to some big numbers if the jewellery is particularly heavy. The appraisal is done in-store by a trained staff member who will tell you exactly how much you will get. The entire process takes only a few minutes.

The decision is then yours to make. There is never any pressure or hassle.

Do I have to sell my jewellery in order to get loans for gold?

Redeeming your prized possessions is just as simple. Once you are ready to repay the loan, bring your claim ticket and the amount due and you will be in and out of the door in a matter of almost no time. In short, loans for gold are an excellent way to leverage the value of your jewellery and other possessions without the aggravation of having to sell them for good.