Your One-stop Guide For Everything Gold Related

October 11, 2013 by ·

Many people love gold, but don’t know much about it. Without the knowledge, it can be difficult to take full advantage of what gold can do for you. You will find this article useful if your knowledge about gold is scarce.

Bullion is the best choice if investing in gold. Bullion bars come in a variety of weight. The bars vary in size from half an ounce to 400 ounces. If you want a 400 ounce bar, you may have a hard time finding one.

If you’re interested in investing in jewelry made of gold for someone other than yourself, make sure that you have the ability to return it for a full refund if necessary. It is hard to tell if that jewelry is going to fit another person, or if that person is going to want it. If that happens, you want to be able to take the piece back for a refund.

Take your old gold that you want to sell to a number of different gold-buying companies before settling on one. Prices paid will vary from shop to shop. Stores located apart from larger shopping centers may have fewer fixed costs and are thus, able to pay higher prices.

If selling gold using a mail service, find out how much shipping will be. A lot of buyers offer free shipping but will charge you a lot to send the item back. It’s best to be prepared so you are not surprised by return shipping charges.

GoldMoney can be helpful when purchasing gold. It is almost like opening a bank account for gold. You establish your account and deposit your money, and they assign you a certain amount of gold equivalent to the value of your initial deposit. The gold physically sits in a bank vault where you’re able to portion it, cash it, or in certain circumstances, redeem it for one kilo gold bullion bars.

Talk to a gold representative to learn how they test gold for purity. Many times you will see the item have a stamp on it. Sometimes, however, you won’t be able to see any kind of a stamp, so the people should have another way to figure these things out. A representative using acid tests is a sign of a less-experienced gold agent, as this kind of test is not one of the more surefire methods for karat determination.

Be sure to do your homework about current gold values prior to any investment decision or action. Lots of folks claim to be experts and want to get their hands on your money. However, you need to be very careful when it comes to promises about making you rich. Don’t think of buying gold as a means to overnight riches, and you will never end up being disappointed.

Before you sell your jewelry for scrap gold, have them appraised. You should do this for special pieces. Unique pieces may be worth more intact than they would if eventually melted down. Although you will probably have to pay for an appraisal, you might find you have something worth a lot more than you thought. In addition, appraisers may know people who may be interested in your jewelery.

If you’re going to sell your gold to an organization, make sure you look up their BBB rating first. The BBB listing should include basic data about the company, along with details about any complaints made against them. Look closely at complaints to find out whether or not they were satisfactorily resolved. Too many complaints are a warning sign and it’s a business you should definitely avoid.

If you’re not looking to own gold, you’ll still be able to invest in it. You can also make investments in gold shares and stocks. If you want to get physical gold, factor in the cost of storage in a secure location.

Gold can often be a lucrative but volatile investment. If you have low risk tolerance, avoid this market. If you have enough tolerance, you should still limit your exposure. Only invest a small amount of your financial portfolio. Five percent is a good limit.

Karat Values

When you sell gold, separate your gold into groups of different karat values. The gold values differ by karat values so if all the gold you have is weighed together, it won’t be the best value you can get. Higher karat values yield higher prices.

Learn how to verify the quality of gold pieces. The purity of golds is measured by karats. A higher number indicates a higher degree of purity and, therefore, a higher price. You can’t always trust a karat stamp. Figuring out how gold’s purity can be tested is going to allow you to pay only for good quality gold.

Gold is loved by many people, but not too many people actually know what they need to in order to make it an investment. But since you’ve gotten through this post, you know much more than you did. Use this information and make sure you use it so you can make smart choices about gold.

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

Expert Advice On How To Become Gold Savvy

October 4, 2013 by ·

You must learn the ins and outs of investing in gold before you talk to a broker. It is not so simple that you can just dive in, but having all the information you need prevents it from being too complicated. This article can help educate you about buying gold as an investment.

Before buying or selling gold, know how all the prices work. Daily fluctuations are the norm, so you must be current on the spot price. You need to get ready to pay higher prices than mere melt value on fractional pieces as opposed to one-ounce pieces.

Schedule for a proper delivery before buying gold from any seller. Always get a timeline in writing of when your gold pieces will be delivered if immediately delivery is not provided by the seller. The expected date must be listed. If you cannot get this document, do not complete your order.

Before going to sell your jewelry, investigate what the current market price of gold is. This will help you set a fair price when you sell or buy. Many dealers will pay market value, however others rely on people desperate for cash to get the most for themselves.

Be sure you research a company before sending them gold in the mail. Know exactly how much money you can expect to receive, and make sure that the package you send them is insured. Take a photo of what you mail to battle against disputes down the road.

If you want to invest in gold, but lack significant capital, think about getting into scrap. You can do this over a period of time, say around each pay day, and accumulate a considerable amount of valuable gold within a year or so. Find a secure place for your stash until there is enough for you to cash it in.

Shop around town if you are taking scrap jewelry or gold pieces to sell to a store or pawn shop. While spot pricing is the national standard, most stores don’t honor it. Look for stores off the beaten path as they often have lower overhead and better deals.

Use GoldMoney to buy gold. It is very much like opening a “gold banking account.” You create an account and fund it; then your account is given some gold at the market price. It then is kept in a vault. The gold is yours to cash in if you wish. You may also redeem it for physical gold later.

Before you sell gold jewelry for its scrap value, have it professionally appraised. You definitely want to have jewelry with beautiful details and crafting well looked over because the value could be much higher. 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.

Look at every form you need to sign when working with gold dealers. This is a large money making endeavor with lots of dollars associated with it. You need to know what you’re signing. If you disagree with the terms of the sale, do business with someone else. Protecting your financial interests should be of primary importance.

Gold is often volatile even though it can be a good investment. If you cannot handle sharp price swings, this investment is not for you. If you have the fortitude, still limit your downside risk. Only a very small overall percentage of your portfolio should be invested in gold. Generally, about five percent is an ideal limit.

Ask relative for broken jewelry that they no longer want. If you have a decent jewelry scale, you can weigh gold yourself. This way, you pay your family more money than they’d get at a pawnshop and you get to make a few bucks yourself.

Make sure you understand the buyback policy of your seller. Some people that buy gold will make you pay a premium to get the gold resold, and some people don’t do that. Think about the extra charges concerning sending gold of all kinds to different geographical locations. To protect yourself, avoid buying gold and leaving it in the custody of a dealer.

If your gold piece has small gems in it, you can ask to keep them after the piece is melted down. They might be hard to get out if they are tiny. Small gems are not worth anything when an item of jewelry is melted, so most dealers don’t care about them.

You must now apply that information to your own investing efforts. This information can help you invest in gold, whatever your strategy. Gold can be of great help for your future plans.

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

Golden Advice On Dealing With The Ultimate Commodity

September 27, 2013 by ·

Do you want to make a gold investment? If so, know it’s a smart choice that balances out your portfolio’s risk. But you need to acquire a certain amount of technique first. Keep reading to learn why gold can be so useful as an investment strategy.

When you invest in gold, you can’t go wrong with bullion bars. They come in weights that vary. From .5 ounces to 400 ounces, the choice is yours. The 400 ounce bars are generally hard to find.

Prior to buying or selling any gold, be sure you truly understand how gold pricing works. The values of precious metals fluctuate daily, so be certain you know the spot price before any transaction. If you have gold that does not weigh up to a full ounce, you may receive less than the melt value when selling it.

Before going to sell your jewelry, investigate what the current market price of gold is. That will help you determine whether or not a dealer is actually offering you a good price for your pieces. Many gold dealers will pay market value; however, some dealers try to get your gold cheap.

Melt Value

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. Many private buyers and pawn shops are only willing to give the melt value. Selling your unique gold pieces to a collector can end up netting you more money.

Make sure you know the spot price of gold the day you plan to buy or sell. Many websites contain this information and it varies every day. When purchasing, don’t pay greater than 8% markup above the spot price. Anything more is unethical.

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 buyers offer free shipping but will charge you a lot to send the item back. Know what this cost is before you mail your items.

Know what it is you actually have. A lot of the time, gold isn’t really worth what it looks like it’s worth. Usually, there are other metals mixed with gold for stability. This actually lowers the price of the gold. Gold plated items are subject to this too. Having an appraisal done to your gold can help you get the best idea of its actual worth.

Check Better Business Bureau ratings for gold dealers and jewelry stores before deciding where you want to sell your pieces. The BBB listing should include basic data about the company, along with details about any complaints made against them. Pay close attention to whether any of the complaints were not settled in a satisfactory way. If you see lots of complaints that have gone unresolved, think about moving on.

Know your dealer before purchasing gold. To ensure you’re dealing with someone legitimate, do some research with the BBB. Get in touch with the BBB to find information about which complaints, if any, have been filed. If you find several complaints, look elsewhere for a gold dealer.

A good way to get a good price on gold is to ask your relatives for their broken jewelry. Buy a jewelry scale and weigh the gold so you can give your loved ones a good deal and still make money for yourself.

With luck, you now feel comfortable adding gold to your portfolio. This strategy can help fill in the gaps between your savings and stocks. See why gold is such a great investment, and understand the differences in risk between the different choices available to you.

Filed Under: Precious Metal Trading · Tagged: , ,
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