My Gold Party - Blog

You may think I’m kidding when I say that your ex-boyfriend can make you enough money to go away for the weekend. But I’m not kidding.

Just look in your jewelry box. You’ve probably got a gold necklace, a couple bracelets, a ring, maybe a few pairs of earrings that your ex (you know, the one who wore white socks with sandals?) gave you. And the one thing they all have in common is that you never, ever wear them. Maybe it’s because you don’t want to be reminded of him, or maybe your new boyfriend or husband wouldn’t want you wearing jewelry you got from another man. Or maybe the stuff is just plain ugly. You might even have a piece that you didn’t even like when he gave it to you, but you wore it anyway, just to be nice.

Well, here’s the amazing part. The other thing all those gold items in your jewelry box have in common is that you can sell them for cold hard cash. And you can do it with the support and company of all your friends.

Rather than sending your gold into some as-seen-on-TV company that you know nothing about, why not throw a “gold party” with people you know? It’s just like other jewelry parties that you’ve been to, except instead of shelling out cash for new jewelry, you get to leave with a check for getting rid of the old.

Your local rep from My Gold Party can help you with everything. All you need to do is get some friends, family and co-workers together and tell them to bring all their unwanted gold and platinum jewelry items. You can share funny stories about the ex (or exes) who gave them to you as you talk, laugh, mingle – and earn real money!

Just go to MyGoldParty.com to learn more about how to host your own gold party.

BE YOUR OWN BOSS ~ 2010!

Become a My Gold Party Representative in the month of June and earn an additional 5% payout on your first two gold parties!

There are just 3 easy steps to become a rep:

1.  Request a Registration Agreement and one will be forwarded to you OR click the tab to fill one out now.

2.  Complete the Registration Agreement and submit to us by email, mail or fax , whichever is most convenient for you.

3.  Upon approval of your Registration Agreement, we will process your credit card and send out your My Gold Party Kit.

To get started simply click here!

If you have any additional questions – please call 888-44-MY GOLD or email us today!

info@mygoldparty.com

We are looking forward to adding YOU to our list of Representatives!

Here at My Gold Party we created a one-stop shopping business to make it as easy as possible for you to start this business in your area. Why would people want to sell gold to you? This a question you may ask yourself – The answer is simple – because the people selling their gold benefit by bringing their gold to a safe, secure, private home party, having you test and weigh it and then pay them for it on the spot. No waiting for a check in the mail with an unknown amount.

Becoming a rep is as easy as 1-2-3!

1. Request a Registration Agreement and one will be forwarded to you OR click the tab to fill one out now.
2. Complete the Registration Agreement and submit to us by email, mail or fax, whichever is most convenient for you.
3. Upon approval of your Registration Agreement, we will process your credit card and send out your My Gold Party Kit.

NEW!! Incentive Program For MGP Representatives – Earn points for every dollar you receive from MGP and redeem your points for fabulous prizes! Convert people’s old jewelry into new jewelry for yourself!

For more information please contact us today! 888-44-MYGOLD or info@mygoldparty.com

Want to make money and have fun at the same time? Why not become an Independent Representative of My Gold Party?

How do you earn money at this home based business? It’s easy — start with your friends and family to have your first party. You pay the customers the day of the party with your own money. My Gold Party will help teach you the process of testing, weighing and paying your customers for their gold on the spot.

Why would people want to sell their gold to you? Your customers benefit by bringing their gold to a safe, secure private party. Plus you test, weigh and pay them right on the spot, no obligation. No waiting for a check in the mail for an unknown amount.

The gold is then sent to My Gold Party to be refined and your results determined. The day we receive your gold, we prepare it, smelt it and email the results to you the next day. We then send you a check or wire transfer the funds.

We created a one-stop shopping business to make it as easy as possible for you to make money in this business. For more information on how to become a representative click here!

My Gold Party is a member in good standings with the Better Business Bureau.

For more information please call 888-44-MY GOLD or email us at info@mygoldparty.com

ROWAYTON, Conn. — The 1950s were big for Tupperware parties. The 1970s were hot for Mary Kay cosmetics. As this decade hobbles to a close, a new kind of social gathering is invading America’s living rooms: the gold party.

Shannan DeCesare, 40 years old, brought four gold chains, two unloved bracelets, some earrings that had lost their mates and a couple of other old pieces to her neighbor’s house here last week. Minutes later, she was showing off a check for $610. “Merry Christmas to me!” she exclaimed amid applause from the small group of women clustered around host Christine Smith’s dining-room table. “Don’t tell my husband,” she joked, as she pondered how she might spend the loot.

Gold is above $1,110 an ounce

Worries about inflation have pushed gold prices above $1,110 an ounce, up 50% from a year ago. And many people stung by the weak economy are looking for discreet ways to raise extra cash without sneaking down to the pawnshop.

As a result, gold parties are booming, creating opportunities for aspiring entrepreneurs-and a new worry for regulators. Typically, small companies promote the parties through word of mouth or by advertising in communities likely to produce plenty of sellers. The companies provide a specialist to value sellers’ items, and pay the host a cut of about 10% of proceeds.

One golden rule: “What happens at a gold party stays at a gold party,” jokes Margaret Petrucelli, 43, who founded her firm, It’s a Gold Mine Party LLC, a year ago after she was laid off from the mortgage division of investment bank Goldman Sachs Group Inc. She now has a network of about 30 specialists holding 30 to 40 parties a week on her behalf across the country.

“It can be really difficult for a lot of people to walk into a jewelry store or pawnshop holding a little bag of gold,” said Lisa Rosenthal, 46, whose two-year-old Massachusetts company, Party of Gold, has grown to 130 specialists working more than 1,000 parties a month, primarily in the Northeast.

The gold rush of 2009 is happening in an unlikely place: at private parties in living rooms across the country. WSJ’s Kelly Evans reports on the cottage industry that’s sprung up around the surging price of gold.

Regulators and industry veterans worry that some parties might be capitalizing on consumers’ lack of knowledge about the industry and the fair price of gold.

“There are all kinds of house parties out there selling things from plastic goods to candles, but none is really as open to fraud as this particular type,” said Claudette Carveth, a spokeswoman for Connecticut’s department of consumer protection. “Your guard is down because you’re at a friend’s house, assuming the person taking your jewelry has been checked out.”

Ms. Carveth added that gold buyers in her state are required to file for a precious metals license in each municipality where they work and use a state-certified scale to weigh it.

But, “There are no industry standards,” said January Thomas, who started her Birmingham, Mich., company, My Gold Party, two years ago and now has 80 specialists working for her across the U.S. “There’s nothing that says you have to pay a certain minimum value to the seller.”

Most gold-party companies pay sellers between 65% and 75% of what their gold would be worth to a refiner. The quality of workmanship and sentimental value have nothing to do with it.

Ms. Thomas said one positive effect of the gold-party craze is that competition has helped standardize pricing-a boon for sellers. “The days when pawn shops could buy gold for $5 a gram and sell it for $12 or $14 are gone, because there’s so much more awareness out there,” said Leo Anglo, owner of Vincent’s Jewelers in Creve Coeur, Mo., and past president of the Missouri Jewelers Association.

Mr. Anglo said all the focus on gold prices may not be in sellers’ best interest. “Gold buyers typically don’t pay anything for gemstones and might even charge to take them out,” he said, recommending sellers take their pieces to a jeweler who can pay for the stones or even sell the piece intact for a higher sum.

Yet jewelers have a tough time matching the convenience-and excitement-of a gold party.

One took place on a recent weeknight at Ms. Smith’s home in Rowayton, a coastal suburb of Norwalk about 45 miles northeast of New York City.

From left to right: Betsy Marvaez, Mayte Acosta, Gloria Rodriguez, Madelin Santana and Ada Romeu wait as Pedro Linares calculates how much FastCashGoldParties.com will pay for the gold jewelry that Ms. Acosta brought to the party on Oct. 30 in Hialeah, Florida.

Peggy Peterson, a 36-year-old stay-at-home mom, brought a plastic freezer bag holding at least a dozen pieces that once belonged to her mother, who died four years ago, and a gold link bracelet she bought herself on a trip to Florence while in college.

Ms. Peterson said she had planned to take the lot to a jewelry store to be appraised but never got around to it, and was wary of mail-in services such as the heavily advertised Cash4Gold. “When I heard about the gold party from a neighbor, I thought it seemed like a safer bet because it’s through somebody I know,” said Ms. Peterson.

Jeff Aronson, chief executive of Cash4Gold in Pompano Beach, Fla., said in a statement his customers “are looking for an easy, fast, secure and discreet transaction from home, and may not want others to know that they are selling their jewelry for cash.” The two-year-old company has recorded about 900,000 transactions of people mailing in their gold, and 94% of people accept the money offered.

Under the glow of a reading lamp, specialist Sarina Galu ran a high-powered magnet over each set of pieces-the first step used to weed out fake gold and determine each lot’s value.

Some of the pieces Ms. Peterson brought, such as a heavy pendant necklace, turned out to be inexpensive costume jewelry. But many of the rings, bracelets and earrings were 10-karat or 14-karat gold-and Ms. Peterson walked away with a check for $536.

“My mother would be happy to see me get the money for it,” she said.

Source: http://online.wsj.com/article_email/SB126118451895697969-lMyQjAxMDI5NjIxMDEyODA0Wj.html

People always ask me how I got started in this business – Since it is such a popular question I thought I could blog about it on our website!

Two years ago I married into a jewelry-dealing family and when making the move into my husband’s house – I found my old scrap gold. Oh you know, the standard rope chains, tri-colored clown charm (why? When I have a small fear of clowns did I have a clown charm!?) A lovely braided gold bracelet that I had a small obsession with back in the day, etc … Most of which I was never going to wear again.

After speaking with my brother-in-law about what to do with my old gold – He showed me the equipment, how to test items and gave several tips on how to tell what is gold and what isn’t. He then offered me several hundred dollars for my old gold items that had been cluttering my drawer all those years.

This is when the light bulb went off! How fun and easy it would be to do this for my family and friends.

I started with a Gold Party at my mom’s house and quickly thereafter, every party I went to I booked another and another and another! The guests were just so thrilled to be getting money and not having to spend it! The hors dourves and wine didn’t hurt either. People loved catching up with their friends, having some wine and leaving with money! It ended up being a low cost business startup and has turned into an amazing home employment opportunity for many across the country!