Sometimes we fall into a situation that we have never ever prepared for. Our patience and presence of mind often gets tested in these circumstances. We have to deal with sudden cash needs, be it the loss of the only earning member of the house or a heavy loss in business. Despite our saving plans we fail to meet those sudden cash needs that arise out of the blue. Going for a personal loan or liquidating the long term saving scheme does not serve our purpose in those traumatic moments. All these lead us to a lot of mental stress and a new problematic situation. In such circumstances we can rescue ourselves if we monetise our old and unused gold jewellery.
Basically there are two ways by which we can get cash against our unused gold jewellery; by getting a loan against gold and by selling gold for cash. If we go with the first option then it may lead us to lot of other problems later on as we have to pay heavy interest against the loan amount. And also a huge amount is to be paid at the time of recovery of our gold jewellery that usually exceeds the actual loan amount. So the second option of selling gold for cash does serve our purpose. If you wonder where to sell gold jewellery then we have an answer to it. Cash Against gold: Where to sell gold jewellery? Sometimes selling our gold jewellery becomes a tough task if we end up in finding a wrong gold buyer. Now you may ask how a person can find the right one. So, we have to follow some simple steps to solve this problem
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December 2020
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