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Have you ever heard or used the term scrap gold? I assume that if you are reading this article you are interested in new ways of making money thus you did hear this term. But are you one hundred percent what does it mean and when can we use this term? Simply speaking, scrap gold is a gold that has an adequate number of carats in it and it is partly damaged. What does it mean? Well, it means that it is broken or simply out of date (no longer worn by anyone, old fashioned). As far as carats are concerned the term scrap gold might be applied to the gold that is at least ten carats. To be honest with you I have seen shops that are willing to buy gold even with nine carats, so that is not a rule. As far as the theory of scrap gold is concerned that's it. But what items are usually perceived as examples of this gold. Definitely all kinds of chains and watches. Also charms, earrings even money clips. Basically any gold item. If a certain item has an additional decoration such as diamond or other precious stone it should be removed from the, for example ring, before being sold.