Don’t Look Anywhere Else Until You Read These Great Tips About Gold

November 19, 2013 by ·

The value of gold keeps increasing since more people see this precious metal as a safe way of solidifying their wealth. Want to seize the opportunity for yourself? Keep reading to find some wonderful ideas.

Make sure that you get a quality estimate from a reputable source before selling your gold. Venues that buy gold will only pay you a percentage of what your gold is worth in order to make a profit. You’ll get a fairer price if you’ve gotten a few estimates.

Before selling gold jewelry, see what the current prices are in the gold market. That way, you will know if you are being offered a fair price for the items you have. There are some unscrupulous dealers that will try to pull one over on you.

Research any mail-in gold jewelry purchaser before sending your jewelry off to them. Find out when you will receive your payment, and get insurance for your package. Take a snapshot of everything that you send in the mail for security.

Keep your gold investing to yourself. You don’t know who could try to keep tabs on this, and you don’t want to have to worry about trusting people. Keep investments private and guard them in a quality safe or in a bank. In this way, you can be sure your gold investment is safe.

You should rely primarily on independent, personal research to learn about the market for gold before investing in it. Not everyone who claims to be a gold expert really is. They may just be trying to trick you. But, beware of over the top promises about getting wealthy. Don’t think of buying gold as a means to overnight riches, and you will never end up being disappointed.

Go over the fine print that’s in any sales contract. If you’re looking at selling gold through a mail-in dealer, you will want to know all the finer details that entails the process. This lets you learn the amount of proceeds you need to pay for fees and commissions.

Earring backs are often solid gold when the earring isn’t. Sometimes rings are only partially gold, and sometimes necklaces just have gold clasps. Because these pieces do not weigh a lot, try selling them as a “lot.” You may be able to sell them for more as a bunch.

Separate your gold by karat weight. This makes selling it much easier and prevents the vendor from trying to scam you. This of course results in fewer dollars for you. Separate and weigh your gold so you know the true value before selling.

Read the fine print on all forms you have to sign. This business has its hands in a great deal of money. Like anything else, you should understand what you are signing. If you disagree with the terms of the sale, do business with someone else. Find a broker you are comfortable with rather than signing a sub-par deal.

Never sell some gold just for the sake of doing so. The prices fluctuate, and you never know how high they will go. You may be able to sell your gold for even more later if you hold onto it now.

To get the best deal and to protect yourself, always research the buyer of your gold. If you plan to mail the gold out of state, this is even more important. Be sure to check the BBB for listings of reputable and reliable gold purchasers.

A good way to get good value out of gold is to see if any relatives have broken items that they no longer want. If you use an accurate scale that is designed for jewelry, you can offer friends and family a higher price than what they would receive at a pawnshop.

Nearly everyone recognizes the importance of gold when it comes to safeguarding and warehousing wealth. With an uncertain economy in these recent years it has become more popular. Hopefully, the ideas and advice within this article are a good resource you get to use to bulk up your wealth with gold investing.

Filed Under: Gold · Tagged: , , ,

How You Can Make Money By Selling Gold

November 17, 2013 by ·

There are quite a few people who believe that gold investments are a safe place to put money. Perhaps you are interested in the gold market, but don’t know where to begin. If you do not have a good working knowledge of gold, continue reading. This article will give you tips on investing in gold.

Do not sell your gold without first knowing what it is currently worth. If you have made the call to sell any gold you have, group your pieces by karat value. You should not sell jewelry as gold scraps if its worth is higher because of the brand or design.

Only deal with reputable buyers. Check BBB.org to find out more about the firm. When you choose the right buyer, you will have a great transaction. Make sure that you protect both your investment and yourself.

Before you buy or sell your gold, make sure you understand how the prices of precious metals work. Metal prices fluctuate constantly, so you need to know the price on any given day for a transaction. You need to get ready to pay higher prices than mere melt value on fractional pieces as opposed to one-ounce pieces.

All gold buyers are different, so it is important to look around and find someone that you feel comfortable doing business with. BBB and consumer reviews are two sources of information that can give you an indication of a dealer’s reputation. Check for offers through different buyers to make sure you get the best price for your gold.

Delivery Date

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. The date of arrival should be something you can see listed. Don’t go through with the order if they can’t provide you with the delivery date in writing.

Check the current price in the gold market before you sell your jewelry. That will help you determine whether or not a dealer is actually offering you a good price for your pieces. Many gold dealers will pay market value; however, some dealers try to get your gold cheap.

Look into buying scrap gold if you can’t afford to get into the bigger market. This can be done over time, maybe some each day so that you can get some valuable gold in about a year. Store your gold in a secure location until enough to cash in has been amassed.

Do a little comparison shopping before you sell jewelry or other gold items, even if you’re looking for a quick cash-for-gold deal. The “spot” price for gold is determined by a constantly fluctuating market, so not every store is going to pay it. Some stores outside of busy urban areas do not have to pay as much on rents as stores located in a shopping mall and will offer a better price.

If you’re using a mail-order gold buying service, make sure you understand any return postage fees you’ll need to pay if you decline their offer. While most firms will pay to have you send them your items, they will charge you a considerable amount if you want them back. It’s best to be prepared so you are not surprised by return shipping charges.

Fine Print

Read the fine print of your sales contract. If you are going to sell gold pieces to a mail-in buyer, look at the fine print prior to selling to them. This helps you understand what you will have to pay in fees and commissions.

If you’re thinking of selling your old gold jewelry and scraps to a gold-buying business, it’s crucial that you check their reputation on the Better Business Bureau’s website first. They will have basic information about the business listed, along with any reviews or complaints from others that have done business with them. Take a close look at complaints, and look to see if resolution was achieved. Too many complaints are a warning sign and it’s a business you should definitely avoid.

Gold investing is a good idea for anyone with some extra money. After reading the tips in this article, you can rest assured that you will make wise decisions. Keep all these tips handy for the future.

Filed Under: Investing In 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: , , , ,
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