Frequently Asked Questions

Q: How are we different than other Gold Buyers?

A: JM Cash N Gold Buyers Perth is a West Australian family owned and operated business. We pride ourselves on paying the most competitive gold prices in Western Australia. We offer you a secure and discreet shop to sell your gold with good old fashioned personal service. Our reputation is important to us hence why the majority of our business comes from repeat clients and referrals.

Q: How do we ascertain the purity in gold?

A: With a Niton XL2 XRF precious metal analyser. The Niton XL2 XRF precious metal analyser provides the client with many distinct advantages:

  • Easier, faster and more accurate testing unlike more traditional methods such as the acid scratch test. The Niton XL2 XRF analysis is completely non-destructive.
  • More comprehensive analysis with fire assay-comparable accuracy measuring the exact precious metal content in jewellery, coins, alluvial nuggets and other gold items.
Q: How much can I get when I sell my gold?

A: Market gold prices fluctuates daily so we determine your buy price by calculating from the daily gold spot price on the Gold Commodities Market. To get a rough estimate of your pay out figure use our gold buy price table. These gold prices are updated on a daily basis.

Q: Do you pay for the diamonds in my jewellery or buy diamond jewellery?

A: In short, No, Diamond rings are exchanged as part of the engagement process due to a stunningly successful marketing campaign in 1938 by De Beers. Diamonds aren’t actually that rare and by carefully restricting the supply De Beers has kept the price of diamonds artificially high. Diamonds make a terrible investment, are purely valuable as a status symbol and put delicately are a scam.

Q: I just paid thousands for jewellery in a shop will I get the same money back for it?

A: Unfortunately no! This is because you have purchased your gold jewellery from a retail store at retail prices which is generally marked up in Australia by at least 500%. The price you payed for the item is more than the value of the gold content and is inclusive of the cost of manufacturing, transportation, staff wages, store rental and so on.

Q: How do I get paid?

A: Our standard payment method is cash but, if you prefer a secure Electronic Funds Transfer (EFT) into your nominated bank account can be completed.