Did you know many gold experts are predicting that the price of gold may go over $2,000 this year? Within the last few years many people have caught the gold rush fever and have sold their gold jewelry! Gold Exchange Pawn Shop Huntington Park has been a leader in the precious metals for over thirty years. Our advice to you (if you have not sold your gold), is to hold on to it.
We understand that it is tempting to get cash for gold, however keep this old saying in mind…Once Its Gone…Its Gone! When you sell your gold you cannot retrieve it back, its gone. So what do you do when you need cash? Get a cash loan for your jewelry. The difference between pawning and selling your gold is that when you pawn your jewelry you have the option to redeem it. In other words you can buy back your jewelry.
Gold Exchange Pawn Shop Huntington Park
For example lets say you have a gold necklace. Instead of selling your gold necklace to get cash, you can pawn it or get a loan. What this means is we will give you cash in exchange for your necklace. You will have four months to pay your loan (buy back your necklace). When the time comes that you would like to get your necklace back, you will pay the amount you borrowed plus interest fee. The interest fee will vary depending on the amount you borrowed. Click link to see our loan chart fee.
The advantage of pawning your jewelry is that if the price of gold goes up you still have your gold jewelry. Where as if you sell your gold, its gone. It is tempting to want to sell your gold however it is better to pawn your gold, and get a higher cash pay out in the future.