Can I Pay Off My Credit Card Debt with Broken Or Unwanted Gold Jewelry?

The short answer is maybe. The prices for silver and gold have both reached new record highs and the answer to your bills really might be right under your nose… or in your jewelry box.

If you have broken or unwanted jewelry, silver, gold, or coins or bullion – and bills to pay – this might be the best time to sell.

It’s true, silver and gold might go up a little more. But it’s never a sure thing.

What is a pretty sure thing is the interest you’ll have to pay on your credit card debt. The overall average interest rate in America for credit cards is said to be 22-24% (APR), with some cards charging as much as 29-30%.

And as we all know, that interest compounds if you don’t pay in full every month and you can wind up paying 24% interest on the 24% interest you were charged last month and the month before that and the 24% from the …. until your cards are all maxed out and you’re left with nothing but crushing debt, a wrecked credit score and a faint memory of whatever it was you bought in the first place.

Also, if you only make the minimum payment each month it takes forever to pay your debt off and it’s easy to fall behind – never mind late charges and penalties.

But, it doesn’t have to be that way this year. Not with gold and silver selling at these prices.

The simple math is this: you can hope silver and gold go up another 20% in the next month or so, or you can sell and pay down your credit card debt NOW and essentially pay yourself that 24% or so you would have paid the credit card company each month for who knows how many months. Not bad for broken and unwanted jewelry.

And who knows, with gold and silver prices at all-time highs, you might be surprised to find yourself with a pocket full of cold hard cash even after you pay off your bills.

No pressure, no hassle, no obligation. You can call, make a quick appointment and bring your broken or unwanted jewelry, gold and silver, coins or bullion to Alpha Gold Exchange and we’ll give you a fair quote right on the spot. If it works for you, you go home that day with the cash you need. If not, you’ll have a much better idea of what your gold and silver are worth, and maybe we can do business another day. But of course, there’s no guarantee that gold and silver prices will be this high a month or two from now if you wait. Unfortunately, the market can also go down.

So give us a call at 908-892-9610 and see if you’d like to cash in your broken and unwanted jewelry, gold and silver, coins and bullion. You might be surprised at how much money you have sitting at home collecting dust while your credit cards are charging you 22-24% or more.