Frequently Asked Questions
- How many people do I need to have a successful party? Answer: There really is no set amount, however; the more people that attend your party the more you can earn! We have seen excellent results with approx 20 people.
- How much does the Gold Refinery pay per gram? Answer: We pay the top dollar in the industry for all scrap gold. Essentially, it is based by what karat and weight you have. We pay out only on the gram “ and not by the penny weight .” Many buyers give a false perception by advertising they pay a higher dollar amount per gram; this is because they are paying out on the “Dense Total Weight”, or the pennyweight mode. The difference is; each gram is 2 thirds a pennyweight, so if you have 100 grams it would equal 66 penny weights.
- Is a gold party illegal? Answer: No! It is totally legal, and safe; as long as the company is licensed & insured and not open to the public. It is a private and social event and “You” the host, are inviting your family, friends, co-workers, and neighbors into your home.
- What if some people can’t attend my party? Answer: They could always leave their scrap gold with you the host, and we will figure out how much it is worth. Then you can call them with our offer and get their approval. This works well and assures that you maximize your party earning potential.
- What about the gem stones in a ring or bracelet? Answer: A majority of the stones in jewelry are glass, however; our trained representatives are equipped with the proper tools to remove almost all of the stones from your jewelry, and give them back on the spot.
- Do you buy diamonds? Answer: Yes! However, we only buy larger diamonds that are usually 1 karat plus in size. We will take a look at them on an individual basis.
- Do you pay on party referrals? Answer: Yes! We pay a 5% commission on all successful party referrals.
- How long does an average party last? Answer: The average party usually lasts around 2 – 3 hours.
- How far will you travel for a gold party? Answer: We will travel 2-3 hrs from all major cities within the United States.
- Where do you test and determine the value of the gold? Answer: We test and weigh everything right in front of you, and explain the process to you while we are doing it. This makes everyone completely comfortable with the process.