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5 reasons why we should not buy used gold

  1. The possibility of fake second-hand gold is high

There is no guarantee that the gold you buy is genuine unless you have bought it from a reputable, licensed shop or found a reliable goldsmith.

If you don’t know where to buy gold from, be very careful while shopping because they might sell you fake gold. Be sure to get help from an experienced and reliable person.

  1. It is often without invoices and uncertain

Apart from the fact that some gold shops may sell you fake gold, in most cases, the purchase invoice for worked gold may not be available. Therefore, it is not possible to be sure that the gold is stolen or that it was bought and sold in the right way.

  1. May have scratches

Because second-hand gold artefacts have been used many times, they may have scratches. If you are someone who intends to use your purchased gold on a daily basis, you may be a little disappointed because of the scratches on the gold. And basically, it is rare that used gold is completely healthy.

  1. You may encounter problems in buying and selling it

If the second-hand gold you bought does not have a bill of sale, it may be difficult for you to sell it. Therefore, try to ask for all available invoices from the seller and hand them over.

  1. Second-hand gold often has an old and outdated design

Most second-hand gold has been used for a long time and is usually old and with outdated designs. If you are someone who loves new and modern designs, usually buying second-hand gold is not suitable for you and you should buy new gold with your desired design.

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