Stop And Read This Article If You Need Help With Gold

November 4, 2013 by ·

Anyone following the gold market is aware of the new interest stemming from investors from all walks of life. If you wish to trade in gold, you have to really get the knowledge to do so from people that know what they’re talking about. Read on to get started with gold trading.

Only sell to reputable buyers. Get with the Better Business Bureau or check out reviews online if you’d like to learn about someone’s business. A good buyer is going to give you a good price, and will provide you with superior customer service too. You should do this to better protect your gold investment and yourself.

If you don’t have much money to invest in gold, you could start by purchasing scrap jewelry pieces. This can be done in tiny increments which allow you to build wealth slowly. Keep your collection safe until you have an sufficient amount to cash in.

If you’re not sure about the value of your jewelry, you can have an appraisal done. It costs a bit of money, but you’ll have a good idea of what your gold is worth. And make sure you only hire an independent and accredited appraiser to be sure you get an honest appraisal. Also keep in mind you usually won’t get the full value if you do decide to sell the gold.

Anything with gold can be sold to a good dealer. It may consist of decorative items, gold table ware, old items of jewelry and so on. Note that these items need not be pure gold. It could just have a tiny amount of gold or be gold plated. You will still get a favorable return.

Be sure to select carefully when considering taking your gold to a pawn shop or jeweler for sale. Many stores do not pay the going rate for gold. Stores which are not centrally located may be able to give you a better price.

Spot Price

Make sure you know the spot price of gold the day you plan to buy or sell. A number of websites feature this information, and it changes daily. When going to buy the jewelry, you should not have to pay higher than 8% markup over the spot price. Some dealers charge more than that, but it is a rip-off.

If you don’t want to worry about storing, shipping and insuring your gold, consider buying GoldMoney instead. This service is similar to a bank account that holds deposits in bullion rather than currency. You put money into it like any other account, (e.g. a savings account) but it’s converted into gold bullion. The gold remains in the bank until you sell it.

Comparison Shop

Before selling your gold, comparison shop. You might be amazed by the variety of offers received. If you choose to sell to the first buyer, you might get a bad deal. Spend the required time to comparison shop before making any decisions.

Talk to a rep at a gold party to see how they figure out the number of karats in a jewelry piece. Items are usually stamped. If there is no stamp, there are different ways to test the gold to ensure it is solid. Acid tests are an easy way to determine value.

Never sign a contract without thoroughly reading it first. Read any fine print before you decide to offer your gold to a mail-in buyer. That way, you will be aware of the cut of your proceeds that will go to fees and commissions.

Before you sell gold jewelry for its scrap value, have it professionally appraised. This rings true especially concerning pieces that are one-of-a-kind. You may have to pay to have a piece appraised, but it’s worth it. In addition, appraisers may know people who may be interested in your jewelery.

It should come as no surprise that enthusiasm over gold’s potential as a means of safeguarding and consolidating personal financial resources is at an all-time high. Maybe you’re someone who needs to learn more about gold. You can make a successful investment by following the tips you just read and doing more research on gold investments.

Filed Under: Investing In Gold · Tagged: ,

Let Your Portfolio Shine With These Gold Tips

November 4, 2013 by ·

Gold is definitely the king of the finance world. The more you know about gold, the better able you will be to protect your investments. There are a number of things to think about, whether you buy gold raw or just dive into mutual funds. Continue reading to find out everything you need to know.

When selling gold, it is a good idea to get an estimated value from more than one source. A lot of services and jewelry stores are out there, and they will usually vary in how much they profit. By seeking multiple estimates, you are able to determine whether an offer is truly fair.

You might balk at the high cost of gold, causing you to select gold-filled or gold-plated items. You still can get gold jewelry items without spending a lot at a local jewelry store. You are able to get gold cheaply in pawn shops or on the Internet.

If you are thinking about selling some of your gold jewelry, know what the going market price for gold is. Doing so will help you figure out if a dealer’s offer is a good one or not. Most dealers should sell according to the market, but sometimes they’ll try to scam you if they think you just want quick cash.

If you have no idea what your gold might be worth, than an appraisal is a good idea. The small investment required will ensure you get what your jewelry is worth. In order to maximize reliability, make sure the appraiser is independent and accredited. However, do not expect to receive the exact amount suggested by the appraisal when you sell the gold.

Understand that any item containing gold carries value with gold dealers. That could be broken pieces of jewelry, tableware, home decor, or anything else you have around. It also doesn’t have to be 100% pure gold. It may just be plated or partially pure. You can still find a nice return on the sale of it.

Whenever you’re looking at selling scrap jewelry or gold it is best to explore many different companies to know the offers are legitimate. All stores won’t pay market price for your gold, since they are all in business to make a profit. The overhead of the store involved may determine how much or little they are able to offer.

If you want to sell gold, make sure the buyer has a state license allowing them to do so. Though you still may be taken, licensed buyers tend to be more trustworthy. Many individuals, pawn shops and jewelry stores are interested in buying gold. Be picky about your buyers.

Even though gold buying can be thrilling, try not to talk much about it. Someone around you could be listening in and be untrustworthy. Keep your investment to yourself and under lock and key, either with a bank or in a good home safe. This keeps your gold hidden and secure, as it is a very valuable investment you want to protect.

Investigate several gold dealers before choosing one to do business with. You will get many different amounts. If you go with the first buyer that you meet, you may end up with the worst deal possible. Be cautious and go slow in order to get the best deal for you.

Get a jewelry appraisal before you consider selling it for scrap. This is a good idea if the piece is antique or has an elaborate design. Even though the appraisal will cost you money, you may get more for your jewelry in return. Appraisers can also tip you off about interested parties concerning your jewelry.

Earring backs are often solid gold when the earring isn’t. Necklace clasps and ring bands are usually real as well. You can often sell these smaller pieces together to get more money. That means they are collected into an assortment that can bring a better price together.

When selling gold, separate it into different karat value groups. Gold values vary based on karat weight, so lumping different weights together will result in a reduction in the price received. You will get more for higher karats.

To make sure you get a fair deal, conduct sufficient research on your gold buyer. If you’re selling your gold through the mail, this is even more important. Gold buying companies should be listed with the Better Business Bureau, where you can see if any complaints or issues have been filed against your buyer.

Gold Futures

If you are new to gold investing, keep it simple. Try to avoid buying gold futures, for example. Futures markets are volatile and complicated, and this includes the market for gold futures. It’s very easy to lose money if you’re not sure what you’re doing. Let complicated investments be handled by those with experience.

Sell your gold when its worth the most. There will be daily fluctuations within the gold market. When you understand this market, you will get the most money. You can sell your gold for a profit if you keep a careful watch for the market to climb.

You should not invest too much at once. Gold does not yield income the way bonds or stocks can. Additionally, gold prices fluctuate regularly. When the equities are devalued that is when you get a rise in value. You ought not invest more than five percent of your total portfolio into gold.

There is much more to buying gold than you knew before you read this article. Now, you’re equipped to make smart investment decisions. Use this advice to begin investing in gold to build your future wealth.

Filed Under: Gold · Tagged: , , , ,

How You Can Make Money By Selling Gold

November 2, 2013 by ·

Gold is valuable the world round, and this has always been the case. Most people like gold, but many people don’t know how they can invest in it. If you are in the market to buy gold, then keep reading for some helpful tips on how to get some gold.

When you invest in gold, you can’t go wrong with bullion bars. These come in various weights. They start at a mere half-ounce, but also rise as high as four-hundred ounces. The 400 ounce bars are generally hard to find.

Do careful and thorough research on any gold seller you are considering doing business with. You want to determine how the business treats its customers and whether there are outstanding complaints against it. Additionally, get several offers before selling to a gold dealer to ensure you get top dollar.

Buy Gold Jewelry

Gold is high in price, and this deters some. You might choose gold-plated or gold-filled pieces instead of ones that are full gold. You can still buy gold jewelry without spending too much at the jewelry store. You can buy gold jewelry more cheaply in pawn shops or online.

Do your research and know what the latest gold price is before you sell your jewelry. This way, you’ll know whether you’re really being offered a fair price. Dealers often assume that people who are trying to sell gold need quick cash and will try to take advantage.

When it comes time to sell your gold, figure out if you would like to sell it for its melt value or simply as a piece. Usually, you will only get the melt value from both private sellers and pawn shops. Don’t lose faith; there is always someone willing to buy the item as an entire piece.

You need to only sell your gold to buyers that are licensed. Although anyone could rip you off, the chances are slim when working with someone who is licensed. There are plenty of buyers for gold, so do not think that you must make a sale to the first buyer that you meet.

Know what it is you actually have. A lot of the time, gold isn’t really worth what it looks like it’s worth. A lot of times, metals are combined with gold to make the piece stronger. This actually lowers the price of the gold. Also, some items may only be gold plated. Getting gold jewelry appraised is always a good idea if you want to be clear about the potential sale value it represents.

A quick and inexpensive way to test a piece of gold or precious metal to see if it is real, is by using a magnet. It is true that precious metals are not attracted to magnets. There may be times when an item of jewelry has a solid gold clasp, but the rest of the item is only gold plated. This is a smart idea to test it this way.

Talk to a gold representative to learn how they test gold for purity. Is it based on the stamp? Sometimes, however, there is no visual sign, so many representatives have other methods of figuring it out. Acid tests are simple ways to do this, so if the rep does this, they’re probably new to the business.

Always read small print in sales contracts. If you want to sell gold to mail-in gold buyers, read the small print carefully before you sell. That way, you will be aware of the cut of your proceeds that will go to fees and commissions.

Investigate with the Better Business Bureau before selling your gold to any purchaser. You will see if there were any complaints and be able to read reviews from consumers who have conducted business with them. Pay attention to complaints and see if they’ve been resolved. Avoid using any business that has a lot of complaints or unresolved complaints.

One option when selling your gold is to send it away in the mail. Many people prefer this option because it is really easy. You ship your jewelry in a prepaid envelope, and then you receive 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.

Gold is a valuable, durable, attractive resource. It’s still ideally suited for use as a tradeable commodity, too. It is generally a good investment because it holds its value over time. Now that you are more educated about acquiring and owning gold, begin creating your own gold collection today.

Filed Under: Selling Gold · Tagged: , , , ,
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