How many people do I need to have a successful home gold party? It's not so much the people as it is the volume of gold. There's really no set amount, but the more people that attend your gold party the more you can earn, and the more opportunity you have to make the 3% residual income on gold parties booked off of yours. However, we have seen excellent results with approx 10-15 people.
Why does the GoldPartying.com pay per gram at gold parties? We pay the MOST CASH in the industry for all precious metals! It is based on what karat and weight you have in gold, silver, and platinum. We pay only on the gram and not by the penny weight. Many gold buying companies give you a false perception by advertising they pay out a higher dollar amount but are just quoting prices in penny weights. The difference is; each penny weight is 2 thirds a gram, so if you have 66 penny weights it would equal 100 grams. $20 per penny weight can sound a lot better than $13 per gram but they are the same amount.
If I Host my own gold party is it legal? YES! It is legal, and very safe; as long as the company is licensed, properly insured, and is certified through the state you are in. Also, the gold party is not open to the public. It is a private and social event and "You," the host, are inviting your guests - family, friends, co-workers, and neighbors into your home for your own home gold party.
What if some people can't attend my gold party? They can leave their precious metals with you (Copy of License or state ID in the bag, full name, address, date of birth, and phone number included) Once we determine the value we will call them with our offer and get their approval. If they accept our offer you will receive the 10% COMMISSION AS IF THEY WERE THERE AT THE GOLD PARTY! This assures that you maximize your gold party earning potential.
Where can I view the spot price of precious metals? www.kitco.com
What about the gem stones in a ring or bracelet? Our gold partying representatives are equipped with the proper tools to remove almost any of the stones in your jewelry, and return them to you on the spot.
Can I do any preliminary testing on my gold? Yes! Take a magnet and run it over your jewelry, if anything is solely attracted to the magnet it isn't real gold. However, some clasps are metal, so if you are unsure about the piece, let us test it when we arrive.
Do you buy diamonds at gold parties? No, but we will be happy to remove them for you.
Do you pay for gold party referrals? Yes! We pay a 3% commission on all successful gold party referrals.
How long does an average home gold party last? Answer: The average gold party only lasts between 2 – 3 hours. However, it can vary if depending on the amount of people and gold at the party.
Where do I have to live to host a party with GoldPartying.com? We do parties in all 50 states.
Why does your company notify the authorities the day before my party? We notify the authorities the day before your party as a common courtesy to them, and also to let them know we will be coordinating a party.
Will I receive a 1099? Guests/Hosts will not receive a 1099.
Is there a minimum or expected amount of sales? Most well planned parties will have between $3000 - $4000 worth of gold bought. We have found this is a relatively easy target if invitations are sent in advance. To help motivate you in your party planning, we require a minimum of $1000 of gold be bought for reimbursement of your food expenses (up to $50 with receipt). This is an easy target, which every party of 15 or more has easily achieved.
How far in advance must I book my party? In order for us to coordinate the appropriate staffing, money, and travel arrangements (if needed); all parties must be booked at least 1 week in advance. There are no exceptions to this. YOU MUST BOOK YOUR PARTY ONE WEEK IN ADVANCE.
How will I be paid? All guests and hosts are paid for their gold in cash. If the size of the party exceeds our expectations, we may reserve the right to pay the host and co-host by check, but will pay all guests in cash, as a priority.
How much does GoldPartying.com pay me for each gram? We pay according to the daily New York 'Spot' for a 24-Karat pure ounce of gold.