Great Tips On Gold: Buying And Selling

November 9, 2013 by ·

Humans have been attracted to gold for thousands of years. Man has treasured gold since it was first discovered thousands of years ago. If you want to purchase gold jewelry or bullion, you will want to avail yourself of the tips presented here.

Gold prices change quickly and often, so know the current value before you attempt to sell any. If you choose to go ahead with the sale, separate different karat items and have them appraised individually. Never sell any jewelry as gold scraps that’s worth more than the gold itself due to the designer.

Before you buy gold from gold sellers, ensure you have scheduled a quick delivery. If your seller can’t commit to immediate delivery, get the delivery date in writing. Your expected receive date should be listed. If you cannot get this document, do not complete your order.

Gold Jewelry

When you first check out gold jewelry, you may be in for a bit of sticker shock and decide to buy gold-plated jewelry, instead. You do get to buy gold jewelry without spending a ton at an actual jewelry store. Buy cheaper gold jewelry online or at a local pawn shop.

Always check out the up to date market value for gold before you seek your gold jewelry. This way you will already know what to expect for your gold. There are some unscrupulous dealers that will try to pull one over on you.

Be sure to consult the spot price on the day when you plan to purchase gold. You can find that on a lot of websites, and that can change every day. When you actually make your purchase, refuse to pay more than 8 percent more than this price. While many companies attempt to charge more, this is simply not ethical and should be viewed with caution.

If you think you’re going to mail off your jewelry, you should see what it’s going to cost to have things mailed back if you don’t like their offer. Many companies offer free shipping but charge more for mailing items back. Make sure you know in advance what you might have to pay to get your jewelry back.

Buying gold can exciting, but keep that to yourself. You never know who else could be listening or who you can really trust. Lock your investment up in a safe at home or at a bank and don’t let anyone else know. That will help protect your gold and you at all times.

Never neglect the idea of hunting in antique shops or flea markets to find gold. If you understand what to look for, you really can find some great deals. Usually, you will see donated items of great value because people are unsure of their cost. A little bit of effort on your part to look around can yield big results.

Earring backings are often solid gold, even when the earrings are not. The bands to rings and necklace clasps are often times real as well. Because these pieces do not weigh a lot, try selling them as a “lot.” You may get more money this way.

Now you know about gold’s value and why so many people throughout the world treasure it. Gold is one of the best investments you can make. Take the information and tips from this article and start investing in your own collection of gold today.

Filed Under: Precious Metal Trading · Tagged: , ,

Want To Get In On The Gold Rush? Read This!

November 7, 2013 by ·

More and more people are interested in both selling gold and buying it. This is mainly due to the economy. However, few potential investors really understand how to make good investment decisions with gold. These tips can help you make a profit from buying and selling gold.

When investing in gold, bullion bars are the best way to go. They come in weights that vary. They range from just under an ounce on up to 400 ounces. The 400 ounce bars are generally hard to find.

Understand the spot price of gold before selling any. If you have made the call to sell any gold you have, group your pieces by karat value. Don’t sell gold jewelry that may be worth more when sold as a designer piece.

Think about selling gold on the web. You no longer need to buy and sell gold at a physical location. You can also choose to use an independent online site to that specializes in buying gold. The site will send you a special kit in which you’ll return the gold items. They end up paying you once they receive it, but they usually won’t pay you a lot.

Think about having your jewelry appraised if you are not sure of it’s true value. This requires a bit of an investment, but it is worthwhile. In order to have it valued most accurately, go with an appraiser who is accredited and independent. However, do not expect to receive the exact amount suggested by the appraisal when you sell the gold.

If you’re going to sell your scrap gold at neighborhood shops, check out more than one. All stores won’t pay market price for your gold, since they are all in business to make a profit. You might get a better deal at a store not in a major shopping mall, since their overhead and rent is lower.

Melt Value

When selling your gold, it is necessary to determine if you wish to sell something as jewelry or simply to get its melt value. Most private sellers and pawn brokers are only willing to pay melt value for gold jewelry. Never let this dissuade you, however, as you are sure to locate an appropriate buyer eventually.

There are many sites where you can purchase gold, such as GoldMoney. It’s like a bank account for gold. You make an account, bank your money, and then you receive gold at the price you chose for your account. While the gold itself physically remains within a bank vault, you can deal with it as you see fit.

Be careful in the gold market. As with any market, there is unsavory, dishonest people. This is especially true when it comes to precious metals. There are lots of people that want to rip you off by not giving you what you’re owed. Make sure to be careful and do your homework.

Be sure you know about the gold in your possession. Just because something looks like gold doesn’t mean it is worth gold’s weight. Sometimes other metals might be mixed into gold to make it stronger. These metals can reduce the value of gold. Also, some items may only be gold plated. If you don’t know exactly what you have, consider an appraisal.

You should always contact the BBB prior to selling your gold. In this way, you can get sound information on the performance and history of these entities. Look carefully at complaints and whether they were solved or not. If they have a ton of complaints or many that are unresolved, you should consider a different business.

Before you sell gold, put it in different karat weights. Weighing the items separately ensures you get the true value its worth, but some sellers won’t do this. That always means less cash for you. Instead you should go in with pre-separated piles to make the biggest return.

When you go to a dealer, make sure to read all forms clearly. This business deals with large amounts of money. Know exactly what you are putting your signature on. If you don’t care for the fine print, move on. It’s important to protect your finances.

Sort your gold by karats into groups if your are planning on selling it. The value of gold varies by karats, and weighing your gold together can cheat you out of money. The greater the karat ratings, the more the gold is worth.

Know what you want before you invest in gold. Although gold can add a nice balance to your portfolio in case of rough economic times, it is still considered an investment that fluctuates wildly. By setting goals and limiting your involvement, you can make smart choices for profit.

There are many people who are happy about their investments in the gold market. All too often, though, people don’t have sufficient knowledge to successfully invest in gold. Hopefully, this article has solutions to the problem for those who want to learn more.

Filed Under: Investing In Gold · Tagged: , , , ,

Stop And Read This Article If You Need Help With Gold

November 7, 2013 by ·

The value of gold keeps increasing since more people see this precious metal as a safe way of solidifying their wealth. This article can help you learn about the different ways to invest. Read on for some excellent advice.

Do you know how pricing on precious metals works? With silver, platinum and gold the prices vary wildly throughout the day, and in order to get the correct price you must spot check it on the day before making a purchase. You need to get ready to pay higher prices than mere melt value on fractional pieces as opposed to one-ounce pieces.

Research the market price before selling any of your gold jewelry. Doing so will help you figure out if a dealer’s offer is a good one or not. Dealers typically give a fair price, but there are some unscrupulous ones out there. They may take advantage if they think you want to unload your piece fast.

If you wish to enter the gold market but don’t have tons of capital, try buying scrap. Use the capital you have and purchase what you can and add to it as money becomes available. Make sure you keep the gold secured. A safety deposit box is a good place.

Realize that all items containing gold have some sort of resale value to dealers. You could, for instance, sell some broken jewelry, some tableware, gold coins or many other objects. Even things that are not pure gold can have value. It may just be plated or partially pure. It’s still possible to make money this way.

If you send off gold by mail, see how much it is to have it returned to you if the offer isn’t that great. A lot of companies say they offer free shipping, but if you refuse their offer they charge a great deal. Find out how much you will have to spend in order to get your gold back if you decide not to sell it for the price offered.

Never sell your gold to someone who does not have the appropriate state licensure. Most states require that dealers be licensed when dealing with the buying and selling of gold. Many individuals, pawn shops and jewelry stores are interested in buying gold. Be picky about your buyers.

Know what you’ve really got. A lot of the time, gold isn’t really worth what it looks like it’s worth. Usually other metals are combined with gold to provide more strength. This may lower the price. This is also true of items that are just plated. If you don’t know how much your gold is worth, then it would be wise for someone to appraise its worth if you intend on selling it.

Earring backings are often solid gold, even when the earrings are not. In addition, necklace clasps or ring bands may be gold, too. Since such pieces often weigh little, attempt selling them in a “lot”. This just pulls together a number of gold pieces as a quantity, which might help you make a little more money.

A choice many people use when selling gold is to ship it through the mail. This does not involve posting any advertisements or going into different shops. The company will send a bag for your jewelry and once they receive it back in the mail, they will send you a check. But, keep in mind that you may not get as much money this way. Some of these outfits pay you a third of the money for the item than you might get elsewhere, so be cautious.

Everyone knows that gold is valuable. The decline in the economy has made gold even more popular. Hopefully, you’ve found these tips useful and can now start delving into your own gold investing.

Filed Under: Gold ·
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