Gold parties5 of 7The scoop: It's just like a Tupperware party, but instead of going home with plastic and a hole in your wallet, you sell your gold and take home cash.The benefits: It's fun, social and perhaps the only multilevel marketing program where you leave with more money in your wallet than when you arrived.The drawbacks: Don't expect to make a mint. In addition to the company's cut, the party's host will probably snag a 10 percent commission. Not all the party hosts will be gold pros, which means your gold may not be evaluated fairly.The bottom line: Is it fun? Definitely. Is it profitable? That's questionable. Expect to get 50 percent or less than what your gold is actually worth. "It comes down to this," Montgomery says. "Do you trust the person you're doing business with?" Related Articles:Selling gold jewelryBring your bling to a gold partyOld jewelry worth its weight?Ways to invest in goldRelated Links:Is it time to buy gold?Gold rush -- 21st century styleTools for survival4 dumb moves in the recession advertisement
The scoop: It's just like a Tupperware party, but instead of going home with plastic and a hole in your wallet, you sell your gold and take home cash.
The benefits: It's fun, social and perhaps the only multilevel marketing program where you leave with more money in your wallet than when you arrived.
The drawbacks: Don't expect to make a mint. In addition to the company's cut, the party's host will probably snag a 10 percent commission. Not all the party hosts will be gold pros, which means your gold may not be evaluated fairly.
The bottom line: Is it fun? Definitely. Is it profitable? That's questionable. Expect to get 50 percent or less than what your gold is actually worth. "It comes down to this," Montgomery says. "Do you trust the person you're doing business with?"
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