Getting Your Gold To Work For You

December 1, 2013 by ·

Gold has become quite popular in recent days. Unfortunately, there aren’t many people out there that realize just what they’re doing when dealing with gold. Use this information to figure out how it works and use it to your advantage.

When you decide to sell gold, you should get a few sources to give you an estimated value. Many jewelry stores and gold buying services are available, and they will all usually take a different profit on the gold they are purchasing. You’ll get a fairer price if you’ve gotten a few estimates.

Always do your homework with regard to any person or entity from whom you are thinking of purchasing gold, and look around for a buyer with a good reputation. The BBB website and other online forums are excellent resources for information on customer satisfaction and a company’s standing. Check for offers through different buyers to make sure you get the best price for your gold.

When buying gold jewelry as a gift, make sure that the return policy is sound. It’s entirely possible that a particular piece ends up being improperly sized or simply unappreciated by its recipient. Because of this, it is critical that you are able to bring the piece back to obtain a refund.

When you’re dealing with any type of gold it can be of valuable to someone that buys it. Old or broken jewelry, old coins and tableware are just some of the things that may contain gold, It need not be completely pure, either. It could be part of an item that’s gold, or just gold-plated. You will still stand to make a bit of profit.

If you want to unload scrap gold pieces or jewelry items for cash, do your homework first. While many stores state they pay the standard price for gold, there are a number of them that do not. Local stores that don’t have outrageous overhead may be able to pay you more for your gold.

Check the prices of golds the day you plan to buy. You can find this on a variety of websites, and it can change daily. Never pay any more than an 8 percent markup on the gold prices. If you find a dealer asking for more than 8%, they’re overcharging and may not be ethical.

When sending off your jewelry, you need to consider the shipping cost to you if you’re not satisfied with the offer given. Many companies advertise no shipping costs, but they often hide large handling fees in the fine print. Know beforehand how much you would have to send in order to get your pieces back.

Use GoldMoney to buy gold. It is almost like opening a bank account for gold. You just sign up for your account, fund it and then you will be assigned gold. Your gold sits in a vault until you decide what you wish to do with it next.

Gold is a lot of fun to purchase, but refrain from announcing it to everyone. You really don’t know who can be trusted when it comes to your investments. Protect your investment in a secure home safe or in a safe deposit box. This ensures that your gold is protected under all circumstances.

Never sign a contract without thoroughly reading it first. You need to know what you’re getting into if you’re using a mail-in purchasing service to sell gold. You can then ascertain the amount of fees and commissions you will be charged.

You can invest in gold without actually having gold in your hands. One option is to buy shares for gold-based mutual funds. Another option is to stick with gold mining stocks. If you opt to buy gold coins or bars, you should consider how you will store your gold.

Separate your gold by karat weight. If the vendor weighs all of your items together, you will not get a fair price for your higher karat items. You will walk away with less money. So keep each piece separated to ensure you get the most you can.

Know who is getting your gold. This is key if you are using mail-in services or buyers who are not local. Companies which buy gold are listed with the BBB, so you may see if complaints are listed for your vendor.

Make long-term gold investments. This means you shouldn’t only buy gold if the price is higher than usual. Indeed, you should never invest during such market conditions. You can get a much better return on your investment if you buy and sell at the right moment.

If your gold piece has small gems in it, you can ask to keep them after the piece is melted down. If they are very small, however, they will be difficult to remove. Most gold dealers aren’t interested in the gemstones in your gold jewelry.

Gold Coins

A good way to invest in gold is to buy American gold coins minted prior to 1933. Until 1933, the American market saw gold coins in circulation. What ended up happening were people held on to these coins and they can still be bought today.

Gold jewelry should always be separated according to karat content before it’s weighed and priced. Your jewelry with high karats will be worth more than the lower one. If you mix them up, you will receive less money. Just make sure everything is grouped with the same karat to ensure proper payment.

Make an itemized list of what you include in the mailer you send to the gold buyer. Be sure to keep a copy and mail one to the buyer. Send the other along with the items and never lose track of your copy.

Many people find the idea of investing in gold thrilling. However, not having enough knowledge about the subject can make it less than profitable. Hopefully, you have learned a few things in this article to help you gain an edge in your trades.

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

What You Must Know About Buying, Selling And Trading Gold

November 11, 2013 by ·

The market value of gold just seems to skyrocket each day. If you want to know how you are able to get involved, know you can sell and buy gold like a pro investor. Keep reading to learn how to profitably invest in gold.

Gold fluctuates a lot, so be aware of the purchase price before selling your gold. Don’t forget to take into account the different karat values of your gold pieces. Don’t sell jewelry with a designer name that has a higher worth than straight melt value.

Before you put down your money for gold, make sure you have a firm delivery commitment from the seller. It you don’t have it delivered immediately, find out when you will receive your gold. The date of arrival should be something you can see listed. Do not finalize your order until you receive written confirmation.

Gold Jewelry

You may think that solid gold jewelry is too expensive and choose to purchase gold plated or filled jewelry. You can acquire gold jewelry from a number of sources at a reasonable price. You can usually find more affordable gold jewelry online, or if you visit pawnshops.

Research the market price before selling any of your gold jewelry. That is going to help you figure out whether you are being offered a good deal. There are some unscrupulous dealers that will try to pull one over on you.

Always research a company you want to send gold jewelry to. Be certain you have a clear understanding of the timeline involved, and make certain your jewelry is insured. Lastly, take pictures of all items you’re sending so you have proof in the event of a dispute.

Only buy gold jewelry if you can return it. You can’t be sure of another person’s preferences; they may not care for it. It’s always a good idea to be able to get your money back on a jewelry purchase if it doesn’t work out for you.

Spot Price

The day that you plan on buying gold, check its spot price. This price changes every day. You can locate it on several different websites. Never pay in excess of 8% markup above the spot price. While many companies attempt to charge more, this is simply not ethical and should be viewed with caution.

Approach the market with caution. There are many scammers in the gold market. There are plenty of honest dealers; however, there are also people who are only out to steal your personal information. The benefits of caution and careful research simply cannot be overstated.

Be knowledgeable about market prices before you accept someone’s offer to buy your gold. Compare prices with other gold dealers. In this way, you will have a good idea of how to price your gold. Ask a bit above it to give room for negotiation.

Shop around before making any decisions about a gold buyer. You may be surprised at the differences in the offers that you’ll get! If you go with the first buyer that you meet, you may end up with the worst deal possible. Take your time so you can make the greatest return on your gold.

You should rely primarily on independent, personal research to learn about the market for gold before investing in it. There may be individuals that claim to be professional market gurus, but they’re just scam artist that want your investment. However, you have to be aware of unfounded promises regarding quick riches. Don’t think of buying gold as a means to overnight riches, and you will never end up being disappointed.

You can sell gold by mailing it to a buyer. This is an easy way to get the job done. They send you a prepaid envelope, which you then turnaround and send your jewelry to them to get your check back later. Just keep in mind that such firms usually don’t pay that much for your jewelry, as compared to other options. You can lose as much as a third of the value.

A smart gold investor understands how to perform a test to know what the grade of gold is. Gold purity is measured in karats. The higher the karats, the more pure and the more expensive it is per ounce. It is unwise to rely on a karat stamp alone. Understanding how you can test gold’s purity will help ensure you never overpay.

Now that you have read this piece, you ought to have lots of ideas about getting started with gold investing. Remember that you must be willing to commit to some hard work to trade gold successfully. Use these tips to prepare yourself.

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

Need Ideas For Dealing With Gold? These Tips Rock!

November 10, 2013 by ·

If you are an experienced investor, you probably recognize the value in commodities. Gold is the number one commodity available. No matter if it’s put away for the future or perhaps you seek profits in the short-term, the following article about gold offers a wealth of information.

When you decide to sell gold, you should get a few sources to give you an estimated value. Many jewelry stores and gold buying services are available, and they will all usually take a different profit on the gold they are purchasing. By getting multiple estimates, you can be assured that you will get a fair price when you sell.

Before selling your gold, be sure to check the current price. It changes all the time. If you have made the call to sell any gold you have, group your pieces by karat value. Do not sell your designer jewelry for its weight in gold because you will lose money.

Sell your gold online. Gold deals no longer have to take place at a “real” store. There are dozens of reputable websites where you can buy and sell gold. Contact the site, and they’ll send out a shipping kit so you can send them your gold. If the transaction goes smoothly, they’ll give you a quote and you can either accept or decline the offer.

Gold Jewelry

Do not allow the high price of gold to deter you from buying quality products. You will not benefit from buying jewelry that is plated or filled with gold. You do not have to pay full price for gold jewelry if you find that the prices offered by jewelry stores are too expensive. You can buy gold jewelry more cheaply in pawn shops or online.

Look at the current gold market price prior to selling your pieces. That is going to help you figure out whether you are being offered a good deal. The majority of dealers will offer you market value for your gold, but some know that sellers just want to convert their items into cash quickly, and they take advantage of the buyers.

If you plan to sell jewelry through mail-in companies, make sure to do your research first. You should be clear about when you can expect to be paid. Insuring your gold shipment is a good idea, too. Last, but not least, photograph each item you are sending via mail so that you have recourse if a dispute occurs.

Always check the daily spot price before you buy gold. Many websites update this information daily. When purchasing, don’t pay greater than 8% markup above the spot price. Many times sellers will try to sell it at a higher price.

It is important to understand that market before becoming active in it. Every marketplace has bad apples, but the gold arena is renown for possessing quite a few. Many people want to keep the money you are owed for themselves. Do your homework before giving anyone your business.

Even if your earrings are not real gold, the backs may be. The bands to rings and necklace clasps are often times real as well. These sorts of items are often lightweight and should be sold as a collected lot rather than individually. This is when many pieces are sold together to net a larger profit.

When you are negotiating with someone dealing in gold, read all the forms that are given to you. This business is about the dollar signs, and you must recognize this. Understand precisely what you are asked to sign. If you’re not comfortable with any terms, pass on it. It’s important to protect your finances.

If you just want to off-load your gold, you should pause. Just because the price is higher than ever doesn’t mean it won’t go even higher, since gold is something tends to continually increase in value. You may be able to sell your gold for even more later if you hold onto it now.

Figure out what you want from buying gold before putting your money into it. Gold can provide a hedge against inflation, but its value can also be very volatile. As long as you establish limits regarding exposure and make certain your goals are clear, you stand a good chance of doing well.

After reading this article, you should know more about gold than you did before. Save for retirement or just for a rainy day, or reinvest your earnings. Keep all of this in mind to succeed with gold.

Filed Under: Gold · Tagged: , , , ,
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