Making the choice to sell gold coins or sell gold jewelry has become one of the great American pastimes over the last three years or so. As gold prices continue to enjoy record-high prices — the price of gold has risen more than 70% in the last two years alone — many people are choosing to buy and sell gold as a way to earn some extra money.

But do you know all that there is to know about this fascinating precious metal?

Here are four interesting facts you probably didn’t know about selling your gold for cash:

1. There are a wide variety of places that buy gold: From online gold buyers to in-store locations, you can sell your gold pretty much anywhere you want. However, be sure to do your research before you sell your gold, as not all gold buyers are as reputable as they should be.

2. Gold is a stable investment material: Whether you sell your gold now or sell your gold later, you can be confident that there will always be gold buyers looking to buy your gold for a fair price. This is because gold is always going to be valuable, even through economic downturns.

3. Gold is lucrative: When you sell your gold to a buyer, you can anticipate to earn back as much as 70% of the gold’s value, depending on the buyer’s own rates. This can translate to hundreds of dollars for scrap gold lying around your house.

4. You don’t have to sell to the first buyer: In fact, it’s encouraged to shop your gold around to a few different buyers before you sell your gold. Independent appraisals of your gold can give you a good idea of how much you should be getting paid for your gold and are a great resource in the gold selling process.

Selling gold is one of the best ways to earn extra money to help make ends meet, especially as prices are still at all-time highs. When you sell your gold, you can be confident you’re getting the best payback for your valuables. Check out this website for more.