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: , , , ,

Great Tips On Gold: Buying And Selling

November 9, 2013 by ·

Humans have been attracted to gold for thousands of years. Man has treasured gold since it was first discovered thousands of years ago. If you want to purchase gold jewelry or bullion, you will want to avail yourself of the tips presented here.

Gold prices change quickly and often, so know the current value before you attempt to sell any. If you choose to go ahead with the sale, separate different karat items and have them appraised individually. Never sell any jewelry as gold scraps that’s worth more than the gold itself due to the designer.

Before you buy gold from gold sellers, ensure you have scheduled a quick delivery. If your seller can’t commit to immediate delivery, get the delivery date in writing. Your expected receive date should be listed. If you cannot get this document, do not complete your order.

Gold Jewelry

When you first check out gold jewelry, you may be in for a bit of sticker shock and decide to buy gold-plated jewelry, instead. You do get to buy gold jewelry without spending a ton at an actual jewelry store. Buy cheaper gold jewelry online or at a local pawn shop.

Always check out the up to date market value for gold before you seek your gold jewelry. This way you will already know what to expect for your gold. There are some unscrupulous dealers that will try to pull one over on you.

Be sure to consult the spot price on the day when you plan to purchase gold. You can find that on a lot of websites, and that can change every day. When you actually make your purchase, refuse to pay more than 8 percent more than this price. While many companies attempt to charge more, this is simply not ethical and should be viewed with caution.

If you think you’re going to mail off your jewelry, you should see what it’s going to cost to have things mailed back if you don’t like their offer. Many companies offer free shipping but charge more for mailing items back. Make sure you know in advance what you might have to pay to get your jewelry back.

Buying gold can exciting, but keep that to yourself. You never know who else could be listening or who you can really trust. Lock your investment up in a safe at home or at a bank and don’t let anyone else know. That will help protect your gold and you at all times.

Never neglect the idea of hunting in antique shops or flea markets to find gold. If you understand what to look for, you really can find some great deals. Usually, you will see donated items of great value because people are unsure of their cost. A little bit of effort on your part to look around can yield big results.

Earring backings are often solid gold, even when the earrings are not. The bands to rings and necklace clasps are often times real as well. Because these pieces do not weigh a lot, try selling them as a “lot.” You may get more money this way.

Now you know about gold’s value and why so many people throughout the world treasure it. Gold is one of the best investments you can make. Take the information and tips from this article and start investing in your own collection of gold today.

Filed Under: Precious Metal Trading · Tagged: , ,

How To Support Yourself By Investing In Gold

October 29, 2013 by ·

The price of gold has historically been high. Man has treasured gold since it was first discovered thousands of years ago. If you want to start trading in gold, the tips below will help you.

Arrange for delivery of your gold at the time of purchase. If the seller delays delivery, you have to get a written confirmation on when the expected delivery date is. The date they expect you to get them should be listed. Don’t go through with the order if they can’t provide you with the delivery date in writing.

If you do not have a large amount of money to start off with, why not consider purchasing 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 you buy gold jewelry as a gift, be sure to understand the return policy and get a gift receipt. People’s preferences in jewelry are different, and the piece might not fit the person. If this happens, you need to return it for a complete refund.

Shop around town if you are taking scrap jewelry or gold pieces to sell to a store or pawn shop. All stores won’t pay market price for your gold, since they are all in business to make a profit. Stores which are not centrally located may be able to give you a better price.

Don’t sell to entities that are not licensed by the state to buy gold. Licensure is not a guarantee of credibility, but it is certainly a good indicator. Many establishments purchase gold, so there is no need to sell yours to the first buyer you deal with.

Exercise great care when you’re getting into gold trading. There are many scammers in the gold market. You must be diligent and do your homework. Do your homework before giving anyone your business.

One quit and cheap method of finding out whether or not gold is real is to use a magnet on it. Precious metals, gold included, are not magnetic. There may be times when an item of jewelry has a solid gold clasp, but the rest of the item is only gold plated. Using a magnet is an excellent way to find this out.

You can still invest in gold without physically owning any. You can put your money in a gold exchange traded fund. You also buy stock in a gold mining company. There are also mutual funds that focus on gold. If you opt to buy gold coins or bars, you should consider how you will store your gold.

You should read all the fine print of a contract when working with a gold broker. Gold is a huge market that has some serious money involved in most transactions. Understand precisely what you are asked to sign. If you do not agree with the term, go to another dealer. At the end of the day you are the one who stands to lose financially.

Gold values continue to skyrocket as they have over the previous decade. This is excellent news for anyone who owns gold. Whether this is a good time to buy gold or not is an unknown, but depends mostly on whether the dollar rises or falls. Basically, when the dollar is weak, gold prices will remain strong.

When you’re buying and selling gold, especially jewelry, knowing how to determine grade is very important. Karats are used to rate the purity of gold. The higher they are, the more expensive and pure it is per each ounce. You cannot rely on the stamp with the karat. If you can test the gold for purity, you aren’t going to pay too much for pieces of low quality.

Keep things simple if you do not have any experience with investing in gold. Shy away from investments such as gold futures markets. Futures are complicated and unpredictable. If you don’t happen to know exactly what you’re getting into, you risk losing money instead of making it. These sorts of complex investments are better suited to experienced investors.

You know more about gold after reading this article, and can appreciate its world wide popularity. Gold is not only beautiful, it also is a sound financial investment. Use these tips and invest in gold right way.

Filed Under: Gold · Tagged: ,
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