There’s been a lot in the news recently about the selling of scrap gold to dealers and brokers advertising on television, radio and the Internet. Many people have been saying they feel they may have been ripped-off with the amount that was given to them for their scrap gold. I would like to say that anyone who has been genuinely ripped-off should report the accused to the trading standards agency and if there was a large sum of money involved contact the Police even. But that aside I want to talk about the one important thing many people selling their gold might be forgetting - this is SCRAP gold! Yes it’s been festering in your house for years probably and if you need to raise some cash in this recession what better way. Of course you are not going to get top dollar for it as the dealer need to make some money too and are taking a risk by buying your scrap. So just think of the fact if someone gives you £100 for some gold that might have been worth £150 you can’t feel to upset as that’s £100 you would not have had and you would have had to wait to find a buyer to sell it at £150 which could have taken ages.