What To Expect At A Gold Party

Combine skyrocketing gold prices and an economic recession and you have the perfect recipe for the country's latest craze - gold parties! Many jewelers and companies are now offering home based gold parties where gold and other jewelry can be brought and sold. During a gold party a professional jeweler or gold broker will assess each item brought by guest to the party to determine the quality of the gold. The quality of items is defined by karat, such as 10k, 14k, or 18k, and weight. Gold, silver, and platinum can all be brought to the party and pieces may be broken, old, unwanted, or unused. If you have any concerns about how well your jewelry will be assessed be sure to do some research on the company to ensure they give fair payouts.

When the gold broker arrives a gold analysis station is usually set up in a private environment away from the rest of the party. The broker will not disclose the payment results to anyone but the recipient of the payment leaving the sharing of information up to the individual. Usually one person at a time will sit with the broker or jeweler as their jewelry is being assessed. The jeweler may remove gems from the jewelry to test the gold purity of each item. A bid on the jewelry will be made based on the fineness and weight of the gold. If you accept the jeweler's offer you simply sign an acceptance form and are paid in cash on the spot. Any gems removed from the jewelry or any unaccepted jewelry is returned to you. The assessment usually takes less than 20 minutes per guest.

Gold parties will also have your basic familiar party essentials such as food, beverages, and entertainment. Many companies offering gold parties will usually provide these services for the host. Gold parties are becoming the latest popular trend for a very simple reason - guests can come to a party and make money rather than spending it!