Precious Metal Trading – Page 5

Learn All About Gold With These Tips.

November 23, 2013 by Admin ·

In the financial world, gold is king. Are you thinking of learning a little more about gold so you’re able to get more out of your investments? There are a number of things to consider, such as buying raw gold and purchasing shares. Read on to discover more details about this popular investment option.

Get a value from a few buyers before selling your goal. Different gold purchasing entities are at your disposal, and they all require different profits from the purchases. Getting multiple estimates helps you get a fairer price on your gold when selling it.

Always research a company you want to send gold jewelry to. Find out when you will receive your money, and never send your package without insuring it first. The final step is to take photos of your jewelry, just to be sure you can fight any future problems that may occur.

Keep in mind that gold dealers will buy anything that’s got gold within it. For example, you might sell home accent pieces, dinnerware, and old or broken rings and necklaces. Nor does it have to be 100% pure gold. Items that are gold plated or filled are also valuable. You can still find a nice return on the sale of it.

If you’d like to sell scrap gold or jewels, look around for the best price. The current spot price for gold is considered as a national standard but not all buyers will offer this price. This is because they must take into consideration their overhead and commissions when purchasing gold.

Always check the daily spot price before you buy gold. Many websites update this information daily. When you actually go to buy, do not pay more than an eight percent markup over this price. Anything more is unethical.

Use GoldMoney if you are interested in buying gold. It’s similar to opening a “gold bank account.” All you do is set up the account, deposit funds, and then you are assigned gold to your account. Your gold is physically kept in a vault where it can be cashed in, segmented or redeemed for bullion bars.

When dealing with any gold buyer, make sure you shop around before making any final decisions. You never know what kind of offer you will receive! Going with the very first buyer who comes along might prove a bad deal. Think about this ahead of time so that you can put the most money inside your pocket.

Sell Gold

Carefully read and check the small print in the sales contract. If you’re trying to sell gold to people through the mail, then you have to go over the fine print carefully before you sell gold. This way, it will be clear how much you are paying in fees.

Many times the backs of earrings are solid gold, even if the earring itself is not solid. Quite often, necklace clasps and ring bands are real too. These pieces don’t weigh much, so try selling them all as a “lot.” By selling them as a collection you will get a higher price.

Check Better Business Bureau ratings for gold dealers and jewelry stores before deciding where you want to sell your pieces. The BBB has information about each business including any complaints or reviews from others who have used their services. Pay special attention to any complaints and if they were resolved or not. Avoid using any business that has a lot of complaints or unresolved complaints.

Buying Gold

You don’t have to own gold to invest in it. You might invest in an ETF or an individual gold mining stock when buying gold stocks. Buying gold bars or coins involves considerable storage. Remember you must keep these things in a safe place.

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.

There is much more to buying gold than you knew before you read this article. Bear these tips in mind as you find yourself faced with important decisions. Use this information to make gold investment pay off for you.

Are You A Gold Lover? Read This

November 16, 2013 by Admin ·

Many people look towards the gold market as a means to keep their investment portfolio safe. Gold is considered by many to be a solid choice if you are looking for a stable investment even when the general economy is rocky. Just check out the handy tips below to learn how to take full advantage of your own opportunities for gold investing.

Gold’s price is always changing, which makes it important to know your piece’s value before selling it. If you choose to sell gold, weigh and value pieces that have different karat values separately. Never sell any jewelry as gold scraps that’s worth more than the gold itself due to the designer.

Think about having your jewelry appraised if you are not sure of it’s true value. Even though it is an extra expense, it can be well worth the investment. An independent appraiser should be used in order to receive the best value. When selling gold jewelry, you will receive only a percentage of the appraised value.

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. Many private buyers and pawn shops are only willing to give the melt value. Don’t get discouraged if you are looking to sell jewelry, as buyers are still out there.

Check the prices of golds the day you plan to buy. You can find that on a lot of websites, and that can change every day. When you do buy, avoid more than an 8% markup. While many companies attempt to charge more, this is simply not ethical and should be viewed with caution.

No matter the excitement gold buying brings, do not spread the word. You don’t know who to trust or who is listening. Do not tell others about your investment, and keep it locked up either in a home safe or at a bank. This will keep you and your gold protected under any circumstances.

Do your research before selling gold. Also, ask around to find out how much similar pieces are going for. This is a price point that you can work with. In order to be able to negotiate, you ought to give a price above the amount you really want.

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 put jewelry in a prepaid envelope and you’ll eventually get a check. Places that use this option usually pay a lesser amount. In some cases, you could get about 30 percent less for an item, so just be aware.

Gold can often be a lucrative but volatile investment. If you’re not ready for a roller coaster ride, gold investing is probably not for you. Even if you are okay with taking the risk, you need to prevent downside risks. Never invest more than a sliver of your total portfolio in gold. Stick to a limit of five percent.

Great news for gold owners: gold has gone up in price over 400 percent in the last decade. Nobody really knows when the best time to purchase gold is, as it mainly relies on the price of the dollar. When the dollar loses value, the value of gold increases.

Map out your goals prior to investing 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. If you keep yourself protected, you’ll end up making more money with your gold.

Getting into gold isn’t that hard if you understand the ins and outs of the market. Now that you know some helpful information about gold, you should feel comfortable going into this market. Make sure you put the strategies learned to good use as you invest wisely.

Filed Under: Precious Metal Trading · Tagged: gold investing, melt value, selling gold

Great Tips On Gold: Buying And Selling

November 9, 2013 by Admin ·

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: buy gold, gold jewelry, purchase gold