Be careful when selling scrap gold: You have to watch out for these pitfalls. Gold is usually intended as a long-term investment and as a hedge in times of crisis.
If money is tight or unexpectedly high expenses suddenly arise, it is tempting to sell your grandmother's gold jewelry. A survey by the University of St. Gallen showed that most people sell their gold under pressure. For a gold bracelet weighing just under 90 grams, a Berlin gold dealer offered around 1,500 euros, while a shop two kilometers away offered 2,130 euros.