Cash for gold

What is cash for gold?

Cash for gold companies are companies that offer cash in return for gold. These organisations buy a large range of items, including gold jewellery, gold coins and sovereigns, dental gold and more.

Advantages of cash for gold

The only advantage of using this type of company is that you can receive cash for unwanted gold items.

Disadvantages of cash for gold

Cash for gold companies do have their disadvantages. If you were to use an online cash for gold company to dispose of your gold items you would first need to fill in an online form. When this has been completed, you then have to wait to receive an envelope through the post (which some companies require you to pay for) for you use to send your gold to the cash for gold company.

It can take between 24 hours to a week before the cash for gold appraisers look at your gold. The gold then needs to be analysed to discover how much pure gold it contains.

Once these steps have been carried out, your payout will be calculated. The calculation is based on the current market price of the gold. Your cash can then take a number of days to be sent to you, and is the payment is normally made by cheque.

Before using cash for gold companies, you should consider the following:

• You can't get an instant quote over the phone
• Sending your gold and receiving the cash can be time-consuming
• You may not be offered the amount you want or need
• If you're not happy with the payout you have to wait for your gold to be returned
• Most cash for gold companies send your payment for your gold via cheque, which can take 3-5 days to clear into your account

I need cash – what are my other options?

You may not want to get rid of your gold but feel you have no other option? Well, at Month End Money you do have another option - you can get a payday loan from between £100 to £750 which is less time-consuming and completely hassle-free! Most importantly, we don't require your gold or any kind of asset from you. All you need to do is apply online with our fast online application form form or call us on freephone 0800 _280 2500¹.

Not only will we confirm your approval amount on the same day, we can also get your cash in your bank account on the same day².