Want To Make Money Off Your Gold Jewelry? Get Tips From The Gold Guys

STUDIO CITY (CBS) — The price of gold is up and there is money to be made!

The Gold Guys, Shane McGuire and Joe Beasey, visited the KCAL 9 studios Tuesday and shared tips about buying and selling gold.

Tips & Warnings

- Always check the background information of the gold dealer before selling your gold, especially if the dealer is online.

-For the current price of gold, check TheBullionDesk.com for daily price changes.

-Do not sell gold outside your country of origin. Going through international legality issues is far too difficult if a problem arises.

-Do not allow a dealer to convince you that your gold is worthless. Any gold can be melted down and converted to new jewelry, so the metal is worth exactly what the market price dictates.

-Look for gold buyer who carry no inventory to assure best prices. These buyer deal strictly in buying and have less overhead to cover.

For more on The Gold Guys and tips, click here.