Helpful Hints For Buying, Selling And Trading In Gold

October 26, 2013 by ·

With the declining value of the dollar, many people are turning to precious metals as a more dependable investment. Gold is easily the most single popular precious metal, and its value rises as the dollar falls. The following article will give you some great tips to understand more about gold.

When you sell gold, get an idea of value from a number of sources. There are many buyers who purchase gold, but prices vary from one professional to the next. Getting estimates from several establishments will help you make sure that you receive a fair price.

When you invest in gold, you can’t go wrong with bullion bars. The weights will vary. You’ll see them as four-hundred ounces or even a half ounce. However, the really big bars are very hard to come by.

Understand the spot price of gold before selling any. Don’t forget to take into account the different karat values of your gold pieces. Don’t sell jewelry that is more valuable due to maker or designer.

Always use a reputable company when selling gold. Check with the BBB and look at reviews online before you sell your gold to a buyer. Do not do business with a buyer who does not treat you as a valued customer or does not offer a fair price. Doing this protects your investment.

Research a gold buyer before selling your gold. You can read reviews online, check with the Better Business Bureau and discover how each dealer resolves customer complaints. Soliciting multiple bids will help ensure you get the best price.

Try selling gold online. You no longer need to buy and sell gold at a physical location. There are plenty of websites that are ready and willing to buy your gold. The site sends you a prepaid mailer to put the gold pieces in. They will give you an offer, if everything goes properly.

If you’re thinking of supplementing your retirement funds with the help of gold investing, it’s important to understand what type of gold to invest in. The IRS has to approve the gold. They have to be either 24 karat coins or bullion bars. Buy bars instead of coins to increase your profits.

Shop around town if you are taking scrap jewelry or gold pieces to sell to a store or pawn shop. Some stores won’t pay the market price of gold, and it’s up to you to realize this. Try to focus on stores that are not located in a mall, as their overhead may not be as high, which means they might have the ability to give you a better return on your gold.

You can get varying prices depending on how you sell it. Most private sellers and pawn brokers are only willing to pay melt value for gold jewelry. Try not to be discouraged. Sooner or later you will discover the purchaser you are seeking.

Don’t go into the situation blindly when selling gold; always know what the market price is. It’s also a good idea to research what similar pieces have for asking prices. That way, you will have a good starting point. Always see if you can get a little more than they’re asking if they allow you to negotiate.

Fine Print

Review all fine print in sales contracts. If you choose to sell your gold through one of the many mail-in gold purchasers, carefully read the fine print before selling your gold. This helps you understand what you will have to pay in fees and commissions.

Before you consider selling your gold, check the BBB.org website. They have rudimentary information about listed businesses, as well as reviews from clients who have traded with them. Look closely at complaints to find out whether or not they were satisfactorily resolved. If there are a lot of complaints on their record with the BBB, move on to a different business.

Read all the fine print when you are going through a gold dealer. This business is about the dollar signs, and you must recognize this. Always understand anything you’re placing your signature on. If you’re not comfortable with any terms, pass on it. You absolutely must protect yourself financially.

Test Gold

If you want to be an intelligent gold investor, learn to test gold for its grade. The purity of gold is measured in units called karats. The higher the karat, the purer and more expensive it costs per ounce. Do not always trust the karat stamp. When you know how to test gold, you’ll ensure that you get good quality.

To get the best deal and to protect yourself, always research the buyer of your gold. This is very important, especially if you’re mailing it to someone that doesn’t live in your state. Companies that buy gold ought to be listed with your local BBB, where you are able to find out if complaints are filed against a company.

Make sure you look into the buyback policy of a seller. Some buyers will charge you a fee to sell your gold. Consider the logistics of having to send bulky gold bars or coins to a dealer outside your geographical location. It is always best to hold on to the gold you purchase yourself to ensure its safety.

Be aware that you will not be receiving exactly what the gold is worth if you sell it. Gold dealers work like most other businesses. Gold dealers cannot make money if they pay full price for an item, as there is no margin then for mark up. Expect to receive offers that are 30 to 50 percent below the total value.

There are many investment strategies to use when investing in gold. You can purchase gold stocks, gold coins, bullion and jewelry. Do more research on your different options before deciding on the best strategy for your investment.

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

How To Make Use Of The New Gold Trends

October 26, 2013 by ·

One of the most sought after metals is gold. Since it’s discovery eons ago, people have treasured gold. Beyond gold’s natural beauty, it has also acted as a way to store and accumulate wealth. If you want to buy or sell gold, read these tips.

Bullion Bars

You can’t beat bullion bars for a solid gold investment. Bullion bars come in a variety of weight. Bars may be a half ounce, 400 ounces or anything in between. The smaller bars are more common, while the larger ones are harder to find.

Be sure to find a reputable gold buyer to do business with. Check with the BBB and look at reviews online before you sell your gold to a buyer. A buyer with a good reputation will normally pay the going rate for gold, and offer superb customer service than a company than is not legitimate. This extra step makes sure that you are covered and paid appropriately.

Solid Gold Jewelry

You may think that solid gold jewelry is too expensive and choose to purchase gold plated or filled jewelry. Before settling for a gold plated piece, understand that there are great deals out there on solid gold jewelry. You can get gold jewelry cheaper online or in pawn shops.

Find out what the terms are before mailing off your old, broken jewelry. Be certain you have a clear understanding of the timeline involved, and make certain your jewelry is insured. The final step is to take photos of your jewelry, just to be sure you can fight any future problems that may occur.

If you don’t have lots of money to buy gold, but still want to profit on the upside, think about buying scrap gold. This is easy to do over time, and can lead to an accumulation of real value in the span of a year or two. Keep your stash in a safe place until you have enough of it to cash in.

When buying gold jewelry as a gift, make sure that the return policy is sound. You need a guarantee on any gold you buy. Because of this, it is critical that you are able to bring the piece back to obtain a refund.

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 buyers offer free shipping but will charge you a lot to send the item back. Be certain you know exactly what those fees will be.

You can sell your gold by mail. You may prefer this since it’s a lot easier. Simply receive your prepaid envelope, place the gold inside of it, ship it and wait for your check. But, keep in mind that such enterprises tend to offer lower prices than some competitors. You might receive up to 30 percent less concerning an item you sell, so be aware of this.

Know your dealer before purchasing gold. To ensure you are dealing with a trustworthy dealer, inquire with the area BBB. You will be able to learn if there have been any complaints lodged against them. If they aren’t resolved, move on.

To be a smart investor in gold pieces, learn how to test for the grade. You measure the purity of gold in karats. Gold with a higher karat value is more valuable per ounce. The stamp on the gold is not always accurate. If you can test the purity, you will never over pay.

To protect yourself and get a good deal, always do research on anyone you might buy gold from. This is very important, especially if you’re mailing it to someone that doesn’t live in your state. Companies purchasing gold are generally listed with the BBB. You are able to see any complaints filed here.

Make sure you look into the buyback policy of a seller. Some gold buyers charge a premium to resell your gold while others do not. When you are thinking about sending hefty gold bars or pieces to non-local dealer, consider the logistics. It is always best to hold on to the gold you purchase yourself to ensure its safety.

If there are small gems in your gold piece, ask to keep the gems after the gold is melted down. Some may be more difficult to remove than others. Little gems aren’t worth anything to most dealers.

Know what you’re buying. Lots of coins that are labeled as “gold” are just plated with gold. Confirmation from a certified appraiser will ensure that the coin you are buying is real.

Gold jewelry should always be separated according to karat content before it’s weighed and priced. Jewelry with a higher karat rating is worth more. That’s why those with fewer karats will reduce how much you get for your pieces. Make sure to separate the items before you go to sell.

You should find out how much your gold is worth before selling it. Usually, when you are trying to sell your gold pieces, dealers know that you want to make quick cash. This knowledge can be the difference between profit and loss. Check out www.goldprice.org to keep up-to-date with the price of gold.

Now you know about the absolute value of pure gold and why it’s treasured by many people. Gold is one of the best investments you can make. Use the advice from this piece and get going on your gold investing plan.

Filed Under: Investing In Gold · Tagged: , , , ,

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: , , ,
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