Learn All About Gold With These Tips.

February 13, 2014 by ·

In light of the global economic slump, the gold market has continued to thrive and grow. You might be interested in learning more about gold as a protective investment, but you may not know what you need to know yet. Continue to read to learn about it.

When you sell gold, you should obtain a type of estimated value from multiple sources. There are quite a few stores selling jewelry or that buy it, and they sometimes make more money on the gold than you make on it. You should get your gold appraised by a professional and compare prices offered by different buyers.

Understand the spot price of gold before selling any. If you choose to go ahead with the sale, separate different karat items and have them appraised individually. Don’t sell jewelry that’s worth more due to maker or designer.

Always use a reputable company when selling gold. Look at the Better Business Bureau to gather information about the company to see if their legitimate or not. Good customer service and fair market prices are good indicators of reputable buyers. Don’t let yourself be taken advantage of.

Whenever you make an investment in gold in the form of jewelry, always ensure that you have sufficient documentation and can return it if required. You do not know if the gift receiver will like it or if the piece fits. If that should occur, it is important you can return the piece for a full refund.

When selling jewelry, be aware that most gold buyers will only pay you on the melt value. You may get more if you can wait to sell it to a buyer who values it as a beautiful piece of jewelry. Don’t get discouraged since there’s a buyer out there that wants your pieces.

Gold Market

Be careful when dealing with the gold market. The gold market has more than its share of disreputable dealers. Lots of people will scam you if given the chance. Make sure to be careful and do your homework.

Comparison shop when you are choosing a buyer. The offers you get might surprise you! Selling your gold to the first dealer you see could result in a very lousy deal. Be sure to take time to choose your buyer wisely for the best profit.

Figure out what all of the fine print means when you’re working with a sales contract. This is especially important if you decide to sell some of your gold items through a mail-in program. This lets you learn the amount of proceeds you need to pay for fees and commissions.

Have jewelry appraised prior to selling it to anyone as scrap gold. This is especially true for one-of-a-kind pieces like jewelry with intricate details and workmanship. Appraisals cost money, but often are a good investment. By taking your jewelry to an experienced appraiser, you may also find yourself with a good lead on a potential buyer.

A lot of times, the earring posts are made from solid gold even though the earring may not be. Necklace clasps and ring bands are as well. Try to sell them as part of a “lot” since singularly they are not very heavy. A larger profit can be obtained this way as many pieces are being sold in one “lot”.

You don’t have to have gold in hand in order to invest it. You have the ability to invest in mining stocks or exchange traded funds that have an emphasis on gold. If you decide to buy gold bars or coins, consider how much it would cost to store it securely.

You can sell gold by sending it in the mail. You may prefer this since it’s a lot easier. You get a prepaid envelope, you put your jewelry in and you ship it off, only to get a check in return. Remember that these places usually do not pay as much as other places for gold. Sometimes, you may get 30 percent under the value’s worth, so keep an eye out for this.

To get the most from your gold, learn how to discern the gold’s grade. Purity of cold is measured by karats. Twenty-four karat gold is the purest form of gold and is the most expensive. You should not just rely on the karat stamp. Figuring out how gold’s purity can be tested is going to allow you to pay only for good quality gold.

Gold Investing

Many people around the world are concerned with the economy’s troubles, and rightly so. Gold investing has become very popular, and some believe it’s because of these recent troubles. If you know a little about buying and selling gold, you can personally profit. Use the above tips to become more knowledgeable about gold investing.

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

Need Good Information About Gold Look Here!

February 5, 2014 by ·

The market for buying and selling gold has undergone an astounding surge in popularity in the aftermath of global financial difficulty. You might be interested in learning more about gold as a protective investment, but you may not know what you need to know yet. Read on to learn more about this booming market.

It is important to only do business with people who have a good reputation. Contact your local Better Business Bureau to see if there have been complaints filed against a gold dealer. A reliable buyer is going to give you more money and provide you with good customer service when compared to shady buyers. Protect your gold investment and yourself.

Do not dabble in the gold market until you are familiar with pricing of precious metals. 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 need to get ready to pay higher prices than mere melt value on fractional pieces as opposed to one-ounce pieces.

Prior to selling old jewelry, research the going price for gold. This will assist you in determining if the offer you receive is fair. Although there are many honest gold dealers out there, there are also those who will try to offer you much less than it is worth.

Get your jewelry appraised. While you may have to pay a fee, the knowledge you gain will help you in the long run. In order to maximize reliability, make sure the appraiser is independent and accredited. Do not expect to get the full value of the appraisal, but you should try finding a buyer who will give you an amount as close to the appraisal as possible.

When you decide on buying gold the first thing to do is look at the spot price. Many websites update this information daily. Paying for gold that is any higher than an 8% markup is not a wise investment. Some dealers will try to charge more, but they are overcharging and oftentimes, not ethical.

Always do your homework before investing. There are bad companies in any market, but this market is known for having many. Many people would like to take advantage of your lack of knowledge on gold. The benefits of caution and careful research simply cannot be overstated.

Always research the market price before you try and sell your gold. Look to see what others are asking for when it comes to similar prices. This lets you determine a fair market value starting price point. People will haggle, so ask for more than you will actually settle on.

Be sure to have your jewelry appraised before you decide to sell it. You should do this for special pieces. Unique pieces may be worth more intact than they would if eventually melted down. The appraisal will give you the best idea as to the worth of your gold. This is also a great way to locate buyers who might be interested in your gold.

A lot of times the backs of the earrings are gold. Necklace clasps and ring bands are usually real as well. You can sell these small pieces together. This is when many pieces are sold together to net a larger profit.

If you’re not looking to own gold, you’ll still be able to invest in it. Buy shares in traded or mutual gold funds or invest in some gold mining stocks. Purchasing gold bars and coins means you must have a secure place to store them.

Before selling your gold, separate it into different karat weights. This makes selling it much easier and prevents the vendor from trying to scam you. You will lose money that way. Present the buyer with different piles of gold so you can get a good price for your gold.

Do not sell your gold for the sake of selling it. You want to get the best price you can. If you try to sell quickly you may leave profits on the table. You may be able to sell your gold for even more later if you hold onto it now.

Karat Value

When selling gold, make sure your items are separated by karat weight. The karat value determines the gold’s value, so you are unlikely to receive the best price for your gold if it is all weighed together. The money you receive in return depends largely on how much each karat value is.

If your gold jewelry includes gemstones, see if you can keep them. Getting the smallest stones out of jewelry can be rather tricky, though. Most places won’t want your small gems since they’re not worth much after the jewelry is melted.

You will not get the full price of gold when you sell it. Gold dealers are in business. Dealers must make a profit; therefore, they must calculate their profits in the purchase price. The range of offers you can expect for your gold are between 50% and 70%.

Don’t have enough money to invest a lot in gold? You can definitely start out small. Pick up single coins or old jewelry one by one. After some time has passed, you’ll find yourself with a lot of gold.

Ahead of selling, have your gold valued. Usually, when selling gold, dealers just want to make quick money. Because of this, they believe that they can offer you less money and get away with it. To find out gold’s current price, go to www.goldprice.org.

Take pictures of your gold before letting a prospective buyer see it. Ask for a guarantee in case the jewelry is stolen or broken. Make sure to have this in writing for protection.

In the last few years, more and more people have become interested in investing in gold as a source of financial security. If you know a little about buying and selling gold, you can personally profit. Take the tips above to heart, and see what you can do with the information to improve your own circumstances.

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

Learn The Ins And Outs Of Gold With These Tips.

February 5, 2014 by ·

If you are a serious investor, then you need to know the basics about gold investment. Gold can add much needed diversity to your portfolio. What is a good place to start? There are so many option that it can seem overwhelming. This article will answer some of you questions and get you started investing in gold.

Before you buy gold, be sure you know exactly when it will be delivered to you. When dealing with a vendor, it pays to seek written confirmation of the expected delivery date. This is crucial if they do not offer the option to deliver immediately. A date should be spelled on this piece of paper. Only complete the order if given this documentation.

The high price of gold may give you the idea that gold-filled or gold-plated jewelry is better. You do not have to pay full price for gold jewelry if you find that the prices offered by jewelry stores are too expensive. It is easy to get great deals on gold jewelry from online retailers or pawn shops.

If you’re sending your gold to some company via the mail, check them out before doing business with them. You should find out how long the process takes, and get package tracking and insurance on your package, too. Take a photo of what you mail to battle against disputes down the road.

Be careful approaching the gold market. There are bad companies in any market, but this market is known for having many. A lot of companies and individuals trading in gold rely on taking advantage of unsuspecting consumers in order to increase their profits. The benefits of caution and careful research simply cannot be overstated.

Know exactly what you have. Even if something looks similar to gold, it may not have the same value. Many times, gold is mixed with other metals to increase its strength. Items that are not pure gold have a lower value. Items can also be plated with gold. If don’t know what you’ve got, have it appraised before you sell it.

Knows all the details in a gold sales contract. If you want to sell gold to mail-in gold buyers, read the small print carefully before you sell. This way, you will know the exact amount of the fees and commissions you will be paying.

It is a good idea to check with the Better Business Bureau before you deal with a gold broker. You can find out about certain businesses and experiences so that you can move forward from there. Keep a close eye out for any complaints not fully resolved. If the number of complaints is high, it would be a wise decision to do business with a different company instead.

Don’t sell gold just to sell it. Gold tends to increase in price, so waiting may yield even greater profits. If you don’t need the money, hang on to your gold.

As you prepare to sell your gold pieces, divide it into separate piles based on karat values. Separating ensures you get the most money for the karats that you own. The higher the value of the karat, the more valuable your gold is.

If you are trying to acquire some gold as an investment, check with friends and family to see if they have any broken jewelry pieces they want to sell. If you use an accurate scale that is designed for jewelry, you can offer friends and family a higher price than what they would receive at a pawnshop.

You don’t want to get too complicated when it comes to gold investing in the beginning. Try to avoid gold futures investments. Investing in futures is extremely unpredictable and risky. You can lose a lot of money in a hurry if you don’t know what you are doing. These sorts of complex investments are better suited to experienced investors.

Be sure you understand what it is you are purchasing. Lots of gold coins out in the world are merely gold plated. To ensure you are getting a gold coin, have the coin appraised.

Be sure each piece of gold is individually weighed when selling multiple items. This will ensure that you are accurately paid for your gold. For example, an 18k piece weighing one ounce is worth more than a one-ounce 10k piece.

When selling jewelry, weigh each type of gold separately. Larger numbers, like 18, are more valuable than smaller numbers. If you mix the pieces together when weighing, you won’t be getting the value of the higher karats. Separate these items before selling.

Find out what the value of your gold is before trying to sell it. When you attempt to sell gold, dealers are normally aware that it is because you need quick cash. This is what gives them the idea that they can offer you very little money and get away with it. Visit www.goldprice.org to check the current gold price.

Always have some form of identification with you when you are selling gold. Thanks to its relative anonymity, gold is one of the most common valuables that thieves try to fence. To stop this from occurring, it is now a legal requirement that ID needs to be presented by all gold sellers. This makes it more likely that stolen gold will be located should someone try to sell it.

Understanding how to invest wisely in gold is essential to having a bright financial future through portfolio diversity. With the good advice you found here, you can now choose more wisely. Remember this advice to get started in the proper direction.

Filed Under: Selling Gold · Tagged: ,
Next Page »