Selling gold jewellery can result in 75% loss

TRADING gold for cash can result in a loss of 75% in the value of jewellery.

Over the last year the number of companies offering cash for gold has ballooned, but experts have warned that more money can be made selling a TV in a yard sale than on old jewellery.

Mark O’Byrne, director with investment firm, GoldCore, said companies offering cash for gold offer anything between 55% to 72% of the value of the jewellery.