How to Buy Precious Metal Scrap for the Lowest Prices Possible
We have written many posts in the past about how to sell your gold scrap, silver scrap and platinum scrap for the highest prices.
Today, we would like to explore a related question . . .
How can you buy scrap for the lowest possible prices?
We say that is a “related question” because the lower the price you pay, the more money you stand to make when you sell your precious metal items or have us recycle them for you. That might be obvious, but have you thought about it recently? The lower the price you pay, the more money you make when you liquidate your precious metals for cash.
Why People Would Like to Sell You – Not Someone Else – Their Precious Metals
All things being equal, you might assume that people are equally happy to sell precious metal items like industrial scrap or old jewelry to anybody who is able to pay for it. But as expert salespeople will tell you, there are other motivations that can make sellers more eager to sell to you than to other potential buyers.
Here are some of them . . .
You personalize yourself by sharing something about yourself with them. Just tell your story – you have been investing in silver for 25 years, maybe, or you have used your earnings to send two kids to college, or your father was a silversmith in Europe before coming to America. When you share your story with sellers, you become the person they prefer to sell to.
You are able to help them solve a problem. Maybe they have a large quantity of scrap, are worried about how to get it moved away, but you can make that easy for them. Or if they are worried that a dishonest buyer will try to avoid paying them fully and promptly, they are worried until you show records of paying people quickly for the scrap you buy. The bottom line is that when you uncover sellers’ concerns and show that you solve them, you become the person they want to sell to.
You become a source of information and solutions. Maybe your seller needs a good accountant or attorney – and you know one. Maybe he is interested in investing in stocks or art or automobiles – and you can offer advice on that. The more you can serve as a friend and resource, the more likely you are to become the buyer of choice.
You share pricing and other information openly and honestly. Because no seller likes to feel that he or she is being duped, come prepared to negotiate with information on documented current prices. And here’s another little secret. After you share current pricing information, you can make a statement like, “I would like to buy your gold (or silver or platinum) at 10% below current trading prices, because I think that would be fair.” When sellers see your honesty, they are more likely to accept your offer and your terms.
One, Two, Three . . . .Sold!
You can’t close every deal. You can’t be the winning buyer on every batch of gold scrap, silver scrap, or platinum scrap that you negotiate for. But by using the honest approaches we write about in today’s post, you will win most of them.
And when you do, give our precious metal consultants a call at 800-426-2344. We are here to test your precious metals, tell you what they are worth, and then offer you prompt payment if you decide to use our services.
At the same time you make things easy for the sellers you work with, we will make the entire process easy for you too.