The Most Useful Gold Information You Will Read

November 24, 2013 by ·

Investing in gold is a great choice. That said, you need to understand the market and the options available to you. This article will provide you with great advice on investing in gold.

Be aware of the going rate of gold before you sell you gold items. You can then discern whether you are getting the right price for your jewelry pieces. Dealers typically give a fair price, but there are some unscrupulous ones out there. They may take advantage if they think you want to unload your piece fast.

It is important to invest in the right type of gold when doing so for your retirement. The IRS needs to approve the gold. They have to be 24 karat coins or bullion bars. Bars are often a better deal than the coins.

Spot Price

The day that you plan on buying gold, check its spot price. You can see it on various sites and it usually changes every day. When purchasing, don’t pay greater than 8% markup above the spot price. Be on the lookout for any unscrupulous dealers who try to get away with overcharging you.

Antique stores may hold valuable gold. You can find bargains in these places. Many people donate or sell to these places at low prices because they don’t know what they own. If you know what you’re doing, you can make the money they did not.

You can use a magnet to test precious metal inexpensively. Gold and other precious metals are non-ferrous, so they won’t be attracted to a magnet. The clasp may be solid gold, but it’s possible that the piece is almost entirely gold-plated. You can test your jewelry this way.

Be sure to have your jewelry appraised before you decide to sell it. This is particularly true for unique pieces that have exquisite workmanship and design. Knowing the true value of a piece can make it well worth the cost of appraisal. They may even give you a reference to a buyer.

Those costume earrings you’re holding in your hand may have real gold backs or hoops. Necklace clasps and bands to rings are usually real, too. Because each piece does not weigh much, consider selling these as a group. You will get more money if you put them all together.

Be sure to separate all your gold items by karat weight before sale. The buyer will doubtless weigh all of your pieces before setting a price for them, and if you aren’t attentive you may see everything lumped together and weighed with the lowest-karat pieces. That’ll mean less money for you. Instead go in with the piles pre-separated so that you’ll get the most for your gold.

Mail-in options exist for those wanting to sell gold. Lots of sellers prefer this process, as it is easy. You are given an envelope that is prepaid and you pack your jewelry into it. After a while, a check comes to you. You must know that you might not get the best price for your gold handling your business this way. Keep in mind that you could be looking at a return of 30% less than other options.

Gold is usually a good investment, but there are no guarantees. You will probably observe some fluctuations on the short term but you should not let this stress you. Even if you’re ready to get into these choppy seas, take steps to limit your risk. You want to maintain a diverse portfolio of other investments and make gold only a small portion of it. Usually five percent is good enough.

To get a good deal and protect yourself, research the gold buyer critically. This is vital if you’re working with a mail-in company that is from another state. Look for gold companies that are listed in the BBB to ensure that you are working with a reputable business.

Do a little price verification before you set your heart on selling your gold via an online service. Local dealers often offer better pricing. Sending your gold in by mail may be much more convenient, but you’re going to end up losing money!

With any luck, you know believe that gold is for you. It’s a good investment that can help tide you over beyond your current retirement funds and other types of investments. Discover the greatness of gold as an investment, and appreciate the variety of risk levels available.

Filed Under: Selling Gold · Tagged: ,

The Best Gold Information You Will Ever Find

November 17, 2013 by ·

If you have always wanted to invest in the gold market but have not made the move, this article will help you get started. You should not feel afraid. Learn all you can and begin your gold investment adventure. Investing in gold offers great advantages, which you should take the time to discover.

Look for a gold buyer that has a good reputation. Check with business groups and read online reviews. See how fairly treated former customers feel. When you get bids from multiple buyers, you may be able to get top value for the gold.

If you’re buying gold to save for your retirement, buy the right type. Gold needs to be IRS-approved. It needs to be either 24 karat coins or bullion bars. Bars are generally more valuable than coins and should, therefore, be favored.

If you are buying gold jewelry as a gift, make sure you have a money back guarantee. It’s not uncommon for many pieces to not be the receiver’s taste or the wrong size. By ensuring that the dealer offers a return policy, you can help protect yourself.

Check the price when you are buying gold. This information can be found on several different websites. Paying for gold that is any higher than an 8% markup is not a wise investment. Paying that price would simply be unfair to you.

Before you ship gold jewelry to a buying service, find out whether you will be charged for return shipping. If you are not satisfied with the offer, you will have to pay this amount. A lot of companies say they offer free shipping, but if you refuse their offer they charge a great deal. Understand what you will have to pay if you don’t like their offer. Protect yourself.

Approach the market with caution. Markets all have their share of unscrupulous players, but gold is a market that seems to have many. Lots of folks are willing to steal right out from under you. Research gold and gold companies before trading.

Shop around before you decide which gold buyer you will use. You may be shocked to see how different the offers are! Going with the very first buyer who comes along might prove a bad deal. Wait a bit of time so you have the greatest cash in your pocket.

How does the seller know what the karat rating is? The item is stamped, a lot of times. However, you may see no sign at all but there are ways to determine its value. If you see the gold buyer performing an acid test, this is probably somebody who is inexperienced in this market.

Fine Print

Always read any fine print on your contracts. If you’re using a mail-in gold program, read all the fine print prior to committing to the deal. This will show the commission and fees associated with your transaction.

When you go to sell your gold have it separated into how much each karat weight. You don’t want everything thrown together in one pile, because it will all be weighed as if it is the same karat. You will end up losing money. Instead you should go in with pre-separated piles to make the biggest return.

Fine Print

You should read all the fine print of a contract when working with a gold broker. There’s a lot of money involved in this business. Make sure you completely understand the contract you are signing. If you don’t care for the fine print, move on. It’s important to protect your finances.

Never sell gold without a purpose! Gold is always increasing in value, so don’t sell it unless you really need the money. The longer you can keep your gold, the more valuable it will become.

When you are selling gold, sort your gold pieces by their value in karats. If you don’t do this, the buyer is likely to give you the price for the lowest karat. Higher karat values yield higher prices.

If you’ve come across a company over the Internet that buys old gold, shop around for pricing before doing anything. It’s entirely possible that you can secure a better deal by working with a local dealer face-to-face. Just putting your pieces in the mail is easy, but you may not be getting the best price you can.

Like other kinds of investing, gold works better as a long-term investment. Avoid buying it when prices are up. Investing needs more research than that. If you buy in both positive and negative times for gold, you will get a cheaper overall price.

Now you have the knowledge you need to start off on the right foot. Now is the time to get involved with investing in gold using all the strategies listed here. It won’t be long before you start witnessing the perks of being a gold investor.

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

Looking To Get Started In Gold Investing? Read This First!

November 10, 2013 by ·

Particularly in today’s uncertain economic times, many investors are turning to the gold market to sustain them. Sadly, most people have no idea how to do it right. Keep reading to learn how you can make good money in the gold market.

Bullion bars are usually the safest way to invest in gold. The weight of these bars vary. They can be found in sizes as small as a half-ounce or as large as four hundred ounce bars. If 400 ounce bars interest you, know it will be hard to find them.

Never deal with a gold buyer or seller who does not have a favorable reputation. Verify their good standing by checking with the BBB and reviews online. A reputable buyer will typically pay you a fair price for your gold, and they will offer better customer service than less reputable buyers. You should do this to better protect your gold investment and yourself.

Research any gold buyer you are considering using and shop around for a reputable buyer. The BBB website and other online forums are excellent resources for information on customer satisfaction and a company’s standing. If you get multiple bids from various gold buyers, you are more likely to receive the top price for your gold.

Scrap gold is an excellent investment if you are working with limited investment money. This can be done over time, maybe some each day so that you can get some valuable gold in about a year. Store it in a safe hiding spot until you have accumulated enough to cash in.

Be sure the buyer you are considering is licensed by the state to make gold purchases. While you could still get ripped off, a licensed buyer is more likely to be reputable. Many entities buy gold, so you don’t necessarily have to sell when you get the first offer.

When selling gold, research the market price. You should see if you can figure out what people are selling pieces like yours for as well. This will give you a price point to work with. Always ask for more than what you want, because this will leave some room to negotiate.

Gold Market

Remember to research the gold market prior to investing any money. There are predators out there in the gold market that claim to be big shots but just want you investing with them. Nonetheless, you should be wary of high flung promises of wealth. Don’t think of buying gold as a means to overnight riches, and you will never end up being disappointed.

You can make gold investments without owning gold. For example, many people purchase investments in gold mining corporations and mutual funds primarily made up of precious metals. Choosing to own gold means that you must have a secure place to store it.

Gold prices have increased substantially during the past decade, making it a great value investment for anyone dealing in it. The rise and fall of the dollar determines the best times for buying and selling gold. Basically, weaker dollar value boosts gold value.

Knowing how to test the grade of the gold will make you a smart investor. The purity of gold is measured in karats. The higher the karats, the more pure and the more expensive it is per ounce. Never go by the stamp stating karat weight. Understanding how you can test gold’s purity will help ensure you never overpay.

To protect yourself and get a good deal, always do research on anyone you might buy gold from. If you’re selling your gold through the mail, this is even more important. Any company you want to do business with should be BBB listed so you can check into them.

Do a little price verification before you set your heart on selling your gold via an online service. It’s entirely possible that you can secure a better deal by working with a local dealer face-to-face. Just putting your pieces in the mail is easy, but you may not be getting the best price you can.

Long-term investing is key to making a good profit off of gold. If you take this approach, you don’t buy at high prices and sell at low prices. In fact, that is not the time to buy anything as an investment. Purchasing gold when it is selling low allows you to make more profit.

People are getting excited about the prospect of making money using the gold markets. However, many times a lack of real knowledge will prevent them from ever taking full advantage of trading gold. This article should give you a basic understanding of how to trade gold.

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