Selling Silver Today Will Still Bring You a Surprising Cash Return

Nov. 26, 2011 - PRLog -- Los Angeles, CA –While gold and platinum are worth more per ounce, don’t ignore silver which is still at a high market price despite the recent short-term price decline. The spot market price of gold is currently at $1,683/ounce and Platinum is at $1,526/ounce. Silver may seem low by comparison, at just over $31.00/ounce. However, don’t be fooled. If you have a large amount of sterling silver, such as a flatware service for 8 or 12, it will add up to many Troy ounces that can be sold for much-needed fast cash.
 
According to Joe Montes, president, “Here is a good example of why silver flatware can represent an unexpectedly-large cash payout.
 
                 
Consider these facts if you wish to sell a silver flatware service for 12. The total weight of the individual pieces in the service is about 3,800 grams which equals 122.17 Troy Ounces. If you multiply 122.17 X $31.04/ounce ( the actual market price of silver at this time), the total actual silver value of this service is $3,792.16. Now, if you assume a payout of around 75%, selling this service to Cash for Gold Co would bring a cash payout of $2,844.12. That’s a pretty good cash return from the least valuable of the precious metals despite the fact that the market price is down $5.00+ ounce from its high in late October. It’s the large number of ounces (total weight) that makes the difference, even though the price per ounce is far less than gold or platinum”.
 
Montes added, “This is just one example of one silver flatware service and it doesn’t even include the heavy serving pieces. Some may be heavier, some lighter, but all are valuable. Moreover, many people also own heavy serving pieces like a tea set with a tray, pitchers and bowls. As long as they are pure silver and not just silver plated, they’re worth a tidy sum. That’s why TODAY is an excellent time to sell your rarely-used silver.
               
Cash for Gold Co buys all kinds of silver regardless of age, condition or place of manufacture. The company pays sellers “the highest-possible percentage of actual value based upon assay and the current market price at that time”. However, the Cash for Gold Co DOES NOT purchase silver plated items as they do not contain enough silver to make it worthwhile. For more information, visit the company’s website at:

http://cashforgoldco.com .

FOR MORE INFORMATION:
 
CASH FOR GOLD CO
Joe Montes, President                                                                                                                  
eMail: info@cashforgoldco.com
Telephone:1-(888) 544-6532

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When you choose Cash for Gold as the company to buy your gold jewelry, you will be dealing with the one Internet buyer who will pay you the highest possible percentage of market value.