One of the new things for people to do with the precious metals market being high is hosting a Gold Party. Here is a simple definition of what it is:
A gold party is similar to a Tupperware party in that a small group gathers at a host's home to sell their gold jewelry to a gold buyer. They are becoming increasingly popular as people look for ways to raise money during the current recession.
The buyer, generally, weighs and tests jewelry and other items for
party guests. The testing includes a variety of means, including acid tests, magnet
tests, and other methods to determine gold content. If a guest decides
to sell the items, the buyer pays her at the party, and the item is sent
to a refinery to be melted down. The host receives a commission for each sale, usually around 10%
This is something fun to do where everyone leaves with money instead of spending any. If you are interested in learning more about Gold Parties in Utah, contact us at 801.889.7200 or on the web at www.goldminesaltlake.com.