Selling Gold: Tips and Tricks to Avoid Being Scammed

When it comes to selling gold, it's crucial to be well-informed and prepared to avoid potential scams. In this article, we'll share valuable tips and tricks to ensure the entire process is carried out safely. From prior research to choosing the right buyer, discover the best ways to protect yourself from these types of scams.

The precious metals market can be complex, and unfortunately, more and more people are taking advantage of misinformation to deceive and mislead those looking to sell gold. However, don't let this discourage you. With the right information and a few simple precautions, it's possible to sell gold and earn extra income safely and legally. Discover our tips and tricks for selling your gold safely below:

1. Research

Keep track of daily gold prices to ensure you're selling for the best price. But be careful: never rely solely on the current price. This daily price refers to the value of new gold, so when selling, it will always be for a lower price, as it's used or second-hand gold.

2. Checking the buyer's reputation

Research and learn about the buyer's reputation before closing any deal. Look for reviews, comments, or complaints from other customers. Verify that the company or individual has a valid operating license and is registered with the appropriate regulatory agencies. At Loja do Ouro, we are Official Appraisers certified by the Casa da Moeda (Brazilian Mint) and have 14 years of experience in the precious metals appraisal market.

3. Compare offers

Never accept the first offer you receive. Visit or contact different buyers to compare their offers. Only then can you ensure you're selling at the best price and avoid undervalued sales.

4. Learn about local laws

Familiarize yourself with the laws and regulations surrounding gold sales in your area. This will help protect your rights and ensure you follow all legal procedures.