Stop And Read This Article If You Need Help With Gold

November 4, 2013 by ·

Anyone following the gold market is aware of the new interest stemming from investors from all walks of life. If you wish to trade in gold, you have to really get the knowledge to do so from people that know what they’re talking about. Read on to get started with gold trading.

Only sell to reputable buyers. Get with the Better Business Bureau or check out reviews online if you’d like to learn about someone’s business. A good buyer is going to give you a good price, and will provide you with superior customer service too. You should do this to better protect your gold investment and yourself.

If you don’t have much money to invest in gold, you could start by purchasing scrap jewelry pieces. This can be done in tiny increments which allow you to build wealth slowly. Keep your collection safe until you have an sufficient amount to cash in.

If you’re not sure about the value of your jewelry, you can have an appraisal done. It costs a bit of money, but you’ll have a good idea of what your gold is worth. And make sure you only hire an independent and accredited appraiser to be sure you get an honest appraisal. Also keep in mind you usually won’t get the full value if you do decide to sell the gold.

Anything with gold can be sold to a good dealer. It may consist of decorative items, gold table ware, old items of jewelry and so on. Note that these items need not be pure gold. It could just have a tiny amount of gold or be gold plated. You will still get a favorable return.

Be sure to select carefully when considering taking your gold to a pawn shop or jeweler for sale. Many stores do not pay the going rate for gold. Stores which are not centrally located may be able to give you a better price.

Spot Price

Make sure you know the spot price of gold the day you plan to buy or sell. A number of websites feature this information, and it changes daily. When going to buy the jewelry, you should not have to pay higher than 8% markup over the spot price. Some dealers charge more than that, but it is a rip-off.

If you don’t want to worry about storing, shipping and insuring your gold, consider buying GoldMoney instead. This service is similar to a bank account that holds deposits in bullion rather than currency. You put money into it like any other account, (e.g. a savings account) but it’s converted into gold bullion. The gold remains in the bank until you sell it.

Comparison Shop

Before selling your gold, comparison shop. You might be amazed by the variety of offers received. If you choose to sell to the first buyer, you might get a bad deal. Spend the required time to comparison shop before making any decisions.

Talk to a rep at a gold party to see how they figure out the number of karats in a jewelry piece. Items are usually stamped. If there is no stamp, there are different ways to test the gold to ensure it is solid. Acid tests are an easy way to determine value.

Never sign a contract without thoroughly reading it first. Read any fine print before you decide to offer your gold to a mail-in buyer. That way, you will be aware of the cut of your proceeds that will go to fees and commissions.

Before you sell gold jewelry for its scrap value, have it professionally appraised. This rings true especially concerning pieces that are one-of-a-kind. You may have to pay to have a piece appraised, but it’s worth it. In addition, appraisers may know people who may be interested in your jewelery.

It should come as no surprise that enthusiasm over gold’s potential as a means of safeguarding and consolidating personal financial resources is at an all-time high. Maybe you’re someone who needs to learn more about gold. You can make a successful investment by following the tips you just read and doing more research on gold investments.

Filed Under: Investing In Gold · Tagged: ,

Gold Isn’t So Hard To Get To Know With The Right Information!

September 20, 2013 by ·

Buying gold to save as an investment is growing more and more popular. Investors need to consider many things, however, and many people lack the right knowledge. Read on to find out important information for gold investors.

It is always a smart idea to have more than one appraisal when you are considering selling gold. From pawn shops to jewelry stores, each location will charge a different premium on gold. When you get an estimate from more than one, you can help to ensure you’re getting a fair price on the gold you’re selling.

Always make delivery arrangements before purchasing gold from a vendor. Delivery times are important. If this is not possible, make sure you get a written contract outlining when the items will arrive. This should include the date the gold will arrive to you buy. Proceed with the order only if you get this confirmation.

Research the current market price of gold before you attempt to sell your old and unwanted jewelry. This can help you discern whether you’re being offered a good price or not. Many gold dealers will pay market value; however, some dealers try to get your gold cheap.

Ensure that your retirement investments are approved. It has to be IRS approved. It needs to be either 24 karat coins or bullion bars. Buy bars instead of coins to increase your profits.

Only buy gold jewelry if you can return it. You can’t be sure when jewelry is liked by the other person or if it even fits them. In those cases, you should return the jewelry for a refund.

Realize that any piece that contains gold can be sold to a buyer. It may consist of decorative items, gold table ware, old items of jewelry and so on. Even things that are not pure gold can have value. It just needs to be plated or maybe only a part of it’s gold. It’s still possible to make money this way.

Melt Value

When selling any gold, you have to decide if it will be as jewelry or for its melt value. The quickest way to sell off gold (and the one many dealers and pawnbrokers prefer) is for the melt value. Selling your unique gold pieces to a collector can end up netting you more money.

When you’re selling your gold, you have to do the proper research. You should shop around to get an idea of what others are offering for similar gold pieces. This will help you figure out a good price point. People will haggle, so ask for more than you will actually settle on.

Comparison shop prior to selecting your gold buyer. You might get surprisingly different offers that reward your patience. When you just take buyer number one, you may lose money. Spend the required time to comparison shop before making any decisions.

Research gold before investing in it. Some people may try to trick you so you invest money with their company. However, you should be leery of anyone who promises you wealth. If you do not buy into the premise that you will get rich quickly, then you won’t be disappointed.

Get to know the dealer before buying gold. To make sure you’re dealing with someone good, talk to your BBB chapter. You can use the Better Business Bureau to see if complaints or adverse claims have been made about the dealer. If there are complaints, you need to find a different dealer.

Never sell gold simply for the sake of selling it. Gold usually increases in value, so it is something you should keep around for a while. If holding onto the gold you own is an option, you may stand to benefit greatly down the road.

The gold market has gotten more and more attention lately and there are no signs that it is ending. Smart investors always research all the details of a market before embarking on trading. Make use of the tips that have been told to you, and you can start accumulating wealth in gold.

Filed Under: Selling Gold · Tagged: , , ,

Wondering What All The Fuss Over Gold Is All About? Check Out This Advice Today!

September 11, 2013 by ·

If gold is something you want to invest into your portfolio, you have to be sure you know what you’re doing. You don’t dive in head first; however, it’s not that hard when you’ve got the information that you need. This article will help you to develop a quality strategy for investing.

When you sell gold, get multiple estimates of its value. Different gold purchasing entities are at your disposal, and they all require different profits from the purchases. You’ll get a fairer price if you’ve gotten a few estimates.

When investing in gold, bullion bars are the best way to go. There is a great variety of different weights. They can range from a half an ounce to bars that weigh four-hundred ounces. Four hundred ounce bars will be hard to locate.

Look at the current gold market price prior to selling your pieces. This way, you’ll know whether you’re really being offered a fair price. Many dealers will pay market value, however others rely on people desperate for cash to get the most for themselves.

If you’re sending your gold to some company via the mail, check them out before doing business with them. Find out when you will receive your money, and never send your package without insuring it first. Finally, take a picture of everything you are putting in the mail in case there is a dispute later on.

If you buy gold for your retirement fund, be sure it’s the proper kind. It has to be given the stamp of approval from the IRS. It must be in the form of 24K coins or bullion bars. Bars are often a better deal than the coins.

Anything that contains gold can be sold. This could be tableware, broken jewelry, and other stuff you have around your house. Even things that are not pure gold can have value. The items can be gold-plated or made of an alloy containing gold. You will still stand to make a bit of profit.

GoldMoney could be a good resource when you want to buy gold. This is like opening a bank account for gold. All you need to do is create an account and fund it. You are assigned the same amount of gold as the value of the account. The gold itself is in a vault at a bank, and you can cash it or redeem it for gold bullions.

Comparison Shop

Comparison shop when you are choosing a buyer. The different prices you receive might shcok you. If you stick with your first buyer, you could get a terrible deal. Get the most money for your gold by spending time to comparison shop.

Always read any fine print on your contracts. If you use any of the abundant mail-in gold buyers, study the fine print carefully before making the sale. This will show the commission and fees associated with your transaction.

Earring backings are usually solid gold, no matter if the earring is or not. Necklace clasps and ring bands are as well. They don’t weigh too much so you may want to sell them all together. By selling them as a collection you will get a higher price.

You can sell gold by sending it in the mail. Most sellers enjoy this process so much due to its simplicity. You get a prepaid envelope, you put your jewelry in and you ship it off, only to get a check in return. However, know that these buyers don’t pay what you might get somewhere else. Sometimes, you may get 30 percent under the value’s worth, so keep an eye out for this.

Before buying gold, know your dealer. In order to ensure you’re dealing with a legitimate dealer, check the BBB. That way, you can learn about any complaints made about the company. Upon learning of numerous complaints, it’s best to look elsewhere for services.

After learning more about investment in gold, you need to use that information. Gather it all in and use it to your advantage as you begin to make your first investment in gold. If you are future planning, then you may find gold investment an exciting idea.

Filed Under: Precious Metal Trading · Tagged: , , , ,