How To Make Use Of The New Gold Trends

December 7, 2013 by ·

Investing in gold means understanding the market. Diversification is a wise strategy, especially when your portfolio includes some amount of gold. Where do you start? There are various options, so it may appear overwhelming. Read on to make the process of gold investment easier.

Hundred Ounce Bars

Bullion is the best choice if investing in gold. These bars come in varying weights. They can be found in sizes as small as a half-ounce or as large as four hundred ounce bars. For the record, four hundred ounce bars are very difficult to find.

Be well informed about the value of precious metals before buying or selling gold. The prices of precious metals fluctuates daily, so it’s best to know the price of the day. You should be ready to pay a higher percentage for fractional pieces like half ounces and quarter ounces over the melt prices.

Before you buy gold from gold sellers, ensure you have scheduled a quick delivery. It you don’t have it delivered immediately, find out when you will receive your gold. The expected date must be listed. Don’t go through an order without this documentation.

Check out current market values before you ever sell any jewelry. Doing so will help you figure out if a dealer’s offer is a good one or not. Most dealers will make you a fair offer, but some will try and rip you off.

Find out if the firm you are mailing your gold to will ship it back, and how much that will cost. Many companies offer free shipping; however, they may charge shipping for returns. Be sure you have an idea how much it will cost you to reclaim your items.

Think about shopping thrift and antique shops to discover gold treasures. Many of these places offer great finds in gold at a cheap price if dig deep enough. Lots of folks donate items or sell them in such venues simply because they lack knowledge of their true value. A little bit of effort on your part to look around can yield big results.

Talk to multiple vendors before making a decision about which buyer you’ll go with. You may get a wide variety of offers. Going with the very first buyer might not be a good idea. Be sure to take time to choose your buyer wisely for the best profit.

Be sure to have your jewelry appraised before you decide to sell it. You definitely want to have jewelry with beautiful details and crafting well looked over because the value could be much higher. Knowing the true value of a piece can make it well worth the cost of appraisal. A professional appraiser can also point you towards potential buyers for high-quality gold jewelry.

Very often earring backs are made from gold even when the earring itself is not. In many cases ring bands and the clasps of necklaces are real gold too. Because these pieces do not weigh a lot, try selling them as a “lot.” Selling in quantity increases your profit.

In the last ten years, gold’s price has increased about 400 percent. No one knows whether it is smart to invest in gold right now or not, though. Basically, weaker dollar value boosts gold value.

Find out if you can retain any small gems from a gold item that is destined to be melted down. Note that tiny stones are more challenging to extract. The majority of dealers won’t even bother with small gems because they are close to worthless in terms of melt value.

Be aware that you will not be receiving exactly what the gold is worth if you sell it. The dealers buying from you are looking for a profit, of course. They need to make money, and they can’t pay you full price and do that too. As a ballpark figure, you can expect to get about half to three quarters of the pieces’ actual worth.

Be certain you are aware of the true value of the item you wish to buy. Lots of coins that are labeled as “gold” are just plated with gold. If you want the real deal, have the coin appraised before buying.

If you want to focus on the ideal charts when doing a weekly analysis for gold investing, look at the monthly charts. Use MCX charts to locate trends and other important factors affecting gold prices. It is smart to make use of both kinds of charts to research best.

Ahead of selling, have your gold valued. Dealers want to take you while you are desperate for cash. Sometimes they believe they can use this to their advantage. The website, www.goldprice.org is a helpful resource for checking the current price of gold.

Making good decisions about gold investment is an important part of the process. This article should have showed you that so you should now be ready to make better decisions. Remember though, the information here is meant to help you along the way.

Filed Under: Precious Metal Trading · Tagged: , , ,

Getting Your Gold To Work For You

December 1, 2013 by ·

Gold has become quite popular in recent days. Unfortunately, there aren’t many people out there that realize just what they’re doing when dealing with gold. Use this information to figure out how it works and use it to your advantage.

When you decide to sell gold, you should get a few sources to give you an estimated value. Many jewelry stores and gold buying services are available, and they will all usually take a different profit on the gold they are purchasing. You’ll get a fairer price if you’ve gotten a few estimates.

Always do your homework with regard to any person or entity from whom you are thinking of purchasing gold, and look around for a buyer with a good reputation. The BBB website and other online forums are excellent resources for information on customer satisfaction and a company’s standing. Check for offers through different buyers to make sure you get the best price for your gold.

When buying gold jewelry as a gift, make sure that the return policy is sound. It’s entirely possible that a particular piece ends up being improperly sized or simply unappreciated by its recipient. Because of this, it is critical that you are able to bring the piece back to obtain a refund.

When you’re dealing with any type of gold it can be of valuable to someone that buys it. Old or broken jewelry, old coins and tableware are just some of the things that may contain gold, It need not be completely pure, either. It could be part of an item that’s gold, or just gold-plated. You will still stand to make a bit of profit.

If you want to unload scrap gold pieces or jewelry items for cash, do your homework first. While many stores state they pay the standard price for gold, there are a number of them that do not. Local stores that don’t have outrageous overhead may be able to pay you more for your gold.

Check the prices of golds the day you plan to buy. You can find this on a variety of websites, and it can change daily. Never pay any more than an 8 percent markup on the gold prices. If you find a dealer asking for more than 8%, they’re overcharging and may not be ethical.

When sending off your jewelry, you need to consider the shipping cost to you if you’re not satisfied with the offer given. Many companies advertise no shipping costs, but they often hide large handling fees in the fine print. Know beforehand how much you would have to send in order to get your pieces back.

Use GoldMoney to buy gold. It is almost like opening a bank account for gold. You just sign up for your account, fund it and then you will be assigned gold. Your gold sits in a vault until you decide what you wish to do with it next.

Gold is a lot of fun to purchase, but refrain from announcing it to everyone. You really don’t know who can be trusted when it comes to your investments. Protect your investment in a secure home safe or in a safe deposit box. This ensures that your gold is protected under all circumstances.

Never sign a contract without thoroughly reading it first. You need to know what you’re getting into if you’re using a mail-in purchasing service to sell gold. You can then ascertain the amount of fees and commissions you will be charged.

You can invest in gold without actually having gold in your hands. One option is to buy shares for gold-based mutual funds. Another option is to stick with gold mining stocks. If you opt to buy gold coins or bars, you should consider how you will store your gold.

Separate your gold by karat weight. If the vendor weighs all of your items together, you will not get a fair price for your higher karat items. You will walk away with less money. So keep each piece separated to ensure you get the most you can.

Know who is getting your gold. This is key if you are using mail-in services or buyers who are not local. Companies which buy gold are listed with the BBB, so you may see if complaints are listed for your vendor.

Make long-term gold investments. This means you shouldn’t only buy gold if the price is higher than usual. Indeed, you should never invest during such market conditions. You can get a much better return on your investment if you buy and sell at the right moment.

If your gold piece has small gems in it, you can ask to keep them after the piece is melted down. If they are very small, however, they will be difficult to remove. Most gold dealers aren’t interested in the gemstones in your gold jewelry.

Gold Coins

A good way to invest in gold is to buy American gold coins minted prior to 1933. Until 1933, the American market saw gold coins in circulation. What ended up happening were people held on to these coins and they can still be bought today.

Gold jewelry should always be separated according to karat content before it’s weighed and priced. Your jewelry with high karats will be worth more than the lower one. If you mix them up, you will receive less money. Just make sure everything is grouped with the same karat to ensure proper payment.

Make an itemized list of what you include in the mailer you send to the gold buyer. Be sure to keep a copy and mail one to the buyer. Send the other along with the items and never lose track of your copy.

Many people find the idea of investing in gold thrilling. However, not having enough knowledge about the subject can make it less than profitable. Hopefully, you have learned a few things in this article to help you gain an edge in your trades.

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

Golden Advice On Dealing With The Ultimate Commodity

November 30, 2013 by ·

In recent years, gold has become amazingly popular as an investment. You may feel that investing in gold is a smart thing to do but lack the knowledge of how to do it. Read on to learn some specific tips on gold investing.

Changes in the current price of gold will affect the price you will get. Pieces with differing karat values are worth different amounts, and should be weighed separately for selling. Never sell any jewelry as gold scraps that’s worth more than the gold itself due to the designer.

It is crucial that you have a solid idea about how the gold and precious metals market works. Gold, along with silver and platinum, have prices that change on a whim. Therefore, you must always know what the spot price currently is. You must be prepared to pay higher percentages over the melt values for fractional gold pieces like 1/10, 1/4th, and 1/2 ounces versus one-ounce pieces.

You may be put off by the price of gold, making you go with gold-plated or gold-filled jewelry instead. You can acquire gold jewelry from a number of sources at a reasonable price. Check pawn shops and online websites for cheaper gold prices.

Melt Value

When it comes to selling gold, you must decide if you are going to sell it just for its melt value or as a jewelry piece. You will only get melt value at pawn shops or with most private buyers. Don’t get discouraged if you are looking to sell jewelry, as buyers are still out there.

Be sure to consult the spot price on the day when you plan to purchase gold. Many websites update this information daily. Never pay more than 8% premiums on your gold. Knowing the value of your gold will keep you from getting ripped off.

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 a lot of stores and individuals that will buy gold, so don’t feel like you have to sell to the first person you come across.

No matter the excitement gold buying brings, do not spread the word. You have no way of knowing who might overhear your conversation and who is truly trustworthy. Keep it to yourself and protected, either with a decent home safe or in a bank. That will help protect your gold and you at all times.

Research the daily spot price before you sell your gold. You should see what other pieces like yours have sold for. This gives you an idea of what you should get. People will haggle, so ask for more than you will actually settle on.

Prior to coming to any decisions with regard to a gold buyer, shop around. You might get surprisingly different offers that reward your patience. By picking the first dealer, you could get a horrible deal. Spend a bit of time on the front end so you get the most profit out of the transaction.

Before you sell your gold as scrap, it is wise to have it appraised first. You may have pieces that are worth more than their weight in gold due to historic or artistic value. The appraisal will give you the best idea as to the worth of your gold. An appraiser may know someone that’s interested in your jewelry.

Lately, gold has really boomed, mainly because of the state of the economy. Knowing about the gold market will give you a big advantage. Apply the tips above regularly, and you will have the expertise you need.

Filed Under: Precious Metal Trading · Tagged: , ,
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