While still a new trend, gold parties have become popular recently with the price of gold reaching high levels. Almost the opposite of a Tupperware or Mary Kay party, guests at a gold party bring their unwanted gold and jewelry, which can be sold for cash. The host of the party also wins in the deal, walking away with a percentage of the sales or a standard fee for the trouble. If you'd like to learn more about this new trend, read on to learn how to host a gold party.

A typical gold party will take about two hours and will involve the buyer appraising the gold to determine offering price. The buyer will test the jewelry to make sure it's real, then examine the karat, color and weight of the gold. The details are calculated together to determine a price the buyer is willing to pay for the item. If the offer is accepted, the seller goes home with cash and the buyer takes the item.http://www.mygoldparty.com/Host-a-Party.html

There are two main ways to host a gold party. The most popular method is to work with a company, who will send a representative to your home to appraise and buy the gold on the spot. A second option is to bankroll the party yourself, buying the gold directly from family and friends, paying with your own money.

As many of us are not independently wealthy, this step-by-step guide explains how to host a gold party using the help of an outside company. To host a gold party, you'll need to find a reputable company, plan your party and invite your guests.

With the recent popularity of gold parties, companies that will help with them are popping up all over the place. Be sure to compare companies, both for what they will offer you and for their reputation before booking.

1. Compare packages offered by different companies.
   1. Find out how much the host will make from the sales as percentages may vary from company to company.
   2. Determine which metals the company will purchase. Some will accept only gold, while others may accept a variety of metals and stones.http://www.goldpartying.com/party.php
   3. Find out what spot price of gold the company uses to determine offers. Typically the New York spot price, which fluctuates constantly, is used.http://www.goldpartying.com/party.php
   4. Find out if the company requires a minimum number of attendees for each party. Some companies may require at least 10 people to attend.http://www.premieregoldparties.com/
2. Research the companies good standing.
   1. Find out if they are a member of the Better Business Bureau and their rating.
   2. Search news archives and Internet forums to find reviews of specific companies.
   3. Be sure to read all the terms and conditions listed by each company for hidden details that may be important.
   4. If someone you know has held a similar party in the past, ask for a referral. Many companies will offer the referrer a certain percentage of earnings from additional bookings.http://goldpartyus.com/index.php?page=what-is-a-gold-party
3. Contact companies you are interested in either by phone or their website to discuss hosting a party. This is a great time to ask for references.

Once you've found a company, you need to decide on your date, time and location for the party. Also, you'll need to prepare your location for the event as well as food and beverages for your guests.

1. Generally parties are hosted in you home, so you'll need room for all your guests to both congregate and space, such as a dining room table, to allow their items to be appraised. The representative from the company will bring all the items necessary for appraisal including a scale, loupe and materials to test the gold.http://www.mygoldparty.com/Host-a-Party.html
2. Pick a date and time that works best for you, your guests and your selected company. Planning the party for a weeknight may work better as weekends can be full of other events and gatherings.
3. As only one guest at a time will be working with the gold appraiser, remember that you will need to entertain other guests during the party.
4. Plan to provide snacks and beverages for your guests. Many companies will bring food and drinks, or give you a bonus up to a certain amount to provide for treats if your gold sales reach a minimum price level.http://www.goldpartying.com/party.php
5. After you have your details planned, contact your company to book the party. Ask the representative any additional questions you may have.

While the more people at your party the greater opportunity for you to earn more money, it's important to limit the guest list to keep the party safe.

1. Determine how many people you'd like to comfortably host in your home or wherever you plan to host the party. Keep in mind that guests may bring their spouses or others with them. Determine a ballpark number of total guests and try to stick to it.
2. While the more the merrier, refrain from posting advertisements in newspapers, bulletin boards or online sites like Craigslist for potential guests. This method of advertising can open the door for those looking to rob your guests of cash and gold they may bring.http://www.goldpartying.com/party.php
3. Send invitations to family members, friends and co-workers, either by snail mail or e-mail. Ask guests to RSVP to give you a better idea of who to expect. If special invitations were provided by your gold company, feel free to use those instead.
4. Be sure to remind guests to bring a photo ID as that will be required to complete the sale per local laws.http://www.goldpartying.com/party.php
5. Contact your local law enforcement agency if required by local law. This not only lets them know to keep an eye on your party to discourage thieves from showing up, but also lets them know to expect a receipt of all sales, which will be used to determine if any of the items were reported stolen.http://www.goldpartying.com/party.php
6. The day before or day of the party, be sure to call your guests, including those that did not respond to the RSVP, to remind them about the event.