Learn The Ins And Outs Of Gold With These Tips.

February 5, 2014 by ·

If you are a serious investor, then you need to know the basics about gold investment. Gold can add much needed diversity to your portfolio. What is a good place to start? There are so many option that it can seem overwhelming. This article will answer some of you questions and get you started investing in gold.

Before you buy gold, be sure you know exactly when it will be delivered to you. When dealing with a vendor, it pays to seek written confirmation of the expected delivery date. This is crucial if they do not offer the option to deliver immediately. A date should be spelled on this piece of paper. Only complete the order if given this documentation.

The high price of gold may give you the idea that gold-filled or gold-plated jewelry is better. You do not have to pay full price for gold jewelry if you find that the prices offered by jewelry stores are too expensive. It is easy to get great deals on gold jewelry from online retailers or pawn shops.

If you’re sending your gold to some company via the mail, check them out before doing business with them. You should find out how long the process takes, and get package tracking and insurance on your package, too. Take a photo of what you mail to battle against disputes down the road.

Be careful approaching the gold market. There are bad companies in any market, but this market is known for having many. A lot of companies and individuals trading in gold rely on taking advantage of unsuspecting consumers in order to increase their profits. The benefits of caution and careful research simply cannot be overstated.

Know exactly what you have. Even if something looks similar to gold, it may not have the same value. Many times, gold is mixed with other metals to increase its strength. Items that are not pure gold have a lower value. Items can also be plated with gold. If don’t know what you’ve got, have it appraised before you sell it.

Knows all the details in a gold sales contract. If you want to sell gold to mail-in gold buyers, read the small print carefully before you sell. This way, you will know the exact amount of the fees and commissions you will be paying.

It is a good idea to check with the Better Business Bureau before you deal with a gold broker. You can find out about certain businesses and experiences so that you can move forward from there. Keep a close eye out for any complaints not fully resolved. If the number of complaints is high, it would be a wise decision to do business with a different company instead.

Don’t sell gold just to sell it. Gold tends to increase in price, so waiting may yield even greater profits. If you don’t need the money, hang on to your gold.

As you prepare to sell your gold pieces, divide it into separate piles based on karat values. Separating ensures you get the most money for the karats that you own. The higher the value of the karat, the more valuable your gold is.

If you are trying to acquire some gold as an investment, check with friends and family to see if they have any broken jewelry pieces they want to sell. 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.

You don’t want to get too complicated when it comes to gold investing in the beginning. Try to avoid gold futures investments. Investing in futures is extremely unpredictable and risky. You can lose a lot of money in a hurry if you don’t know what you are doing. These sorts of complex investments are better suited to experienced investors.

Be sure you understand what it is you are purchasing. Lots of gold coins out in the world are merely gold plated. To ensure you are getting a gold coin, have the coin appraised.

Be sure each piece of gold is individually weighed when selling multiple items. This will ensure that you are accurately paid for your gold. For example, an 18k piece weighing one ounce is worth more than a one-ounce 10k piece.

When selling jewelry, weigh each type of gold separately. Larger numbers, like 18, are more valuable than smaller numbers. If you mix the pieces together when weighing, you won’t be getting the value of the higher karats. Separate these items before selling.

Find out what the value of your gold is before trying to sell it. When you attempt to sell gold, dealers are normally aware that it is because you need quick cash. This is what gives them the idea that they can offer you very little money and get away with it. Visit www.goldprice.org to check the current gold price.

Always have some form of identification with you when you are selling gold. Thanks to its relative anonymity, gold is one of the most common valuables that thieves try to fence. To stop this from occurring, it is now a legal requirement that ID needs to be presented by all gold sellers. This makes it more likely that stolen gold will be located should someone try to sell it.

Understanding how to invest wisely in gold is essential to having a bright financial future through portfolio diversity. With the good advice you found here, you can now choose more wisely. Remember this advice to get started in the proper direction.

Filed Under: Selling Gold · Tagged: ,

Mine These Tips And Tricks For Success In Gold

January 28, 2014 by ·

Good information will help anyone get a good start in gold trading. Maybe you have given gold trading some thought. If this describes you, read on for helpful gold information.

Changes in the current price of gold will affect the price you will get. Weigh your gold by karat for the greatest deal. Don’t sell jewelry that is more valuable due to maker or designer.

Research a gold buyer before selling your gold. You can see how various dealers handle customer complaints by viewing online reviews and contacting the BBB (Better Business Bureau). Soliciting multiple bids will help ensure you get the best price.

Before you buy gold, be sure you know exactly when it will be delivered to you. Be sure you have your delivery date in writing. Immediate delivery is best. The date they expect you to get them should be listed. Do not complete the order unless you have this in writing.

If you plan to mail your gold jewelry to a firm, do some research on them and their policies before you do so. Know exactly how much money you can expect to receive, and make sure that the package you send them 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.

Scrap gold is an excellent investment if you are working with limited investment money. You can do this over a period of time, say around each pay day, and accumulate a considerable amount of valuable gold within a year or so. Make sure you keep the gold secured. A safety deposit box is a good place.

When you buy some gold jewelry for another person, make sure they have a refund policy. You do not know if the gift receiver will like it or if the piece fits. This is a huge problem.

Never sell your gold to someone who does not have the appropriate state licensure. You could still have a problem, but licensed buyers are more likely reputable. There are plenty of buyers for gold, so do not think that you must make a sale to the first buyer that you meet.

Think about GoldMoney and other such services when you want to buy gold. It is very much like opening a “gold banking account.” You create an account and fund it; then your account is given some gold at the market price. Your gold is physically kept in a vault where it can be cashed in, segmented or redeemed for bullion bars.

Buying gold can be exciting, but you might not want to tell a lot of people about it. You can’t be sure who’s listening or who is trustworthy. Protect your investment in a secure home safe or in a safe deposit box. This protects you as well as your gold.

Know what you’ve really got. Everything that appears to be gold isn’t worth its own weight in it. In many cases, additional metals have been mixed with the gold to strengthen it. Items that are not pure gold have a lower value. This is also true of items that are just plated. Get your items appraised before selling your gold.

Before you sell your jewelry as scrap gold, have it appraised. You definitely want to have jewelry with beautiful details and crafting well looked over because the value could be much higher. An appraiser will charge you a nominal fee, but it is an expense worth paying if your piece is unique and valuable. The appraiser may also know someone who maybe interested in your jewelry item.

Sort your gold by how many karats it is. Some buyers will weigh all your gold at once and offer you what the smallest karat weight is worth. This of course results in fewer dollars for you. The way around this is to present the gold to the buyer pre-separated so that you get fair market value for each piece.

You should now understand that anyone can participate in gold investing. Hopefully, the tips presented here have expanded your understanding of how gold investment works. Having read this information, you can now invest with verve and confidence. Keep up the good work.

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

Want To Make Money In Gold? Read These Tips.

January 20, 2014 by ·

Gold is a major player on the financial landscape. Are you interested in learning more when it comes to gold investing in order to safeguard your personal fortune? There are a number of things to think about, whether you buy gold raw or just dive into mutual funds. This article provides information about buying gold as an investment.

When selling gold, sell to reputable buyers. Look at the Better Business Bureau to gather information about the company to see if their legitimate or not. A legitimate buyer will pay you fairly for your gold while giving you great customer service. This can help you to be protected when dealing with gold.

You may think that solid gold jewelry is too expensive and choose to purchase gold plated or filled jewelry. However, don’t feel that to buy gold of real value you need to pay a high price in a fine jewelry store. Pawn shops provide great discounts.

Understand that gold dealers are interested in all gold items. Old or broken jewelry, old coins and tableware are just some of the things that may contain gold, Even things that are not pure gold can have value. Even gold plated items will have some value. You will still get a favorable return.

Make sure you verify the price of gold the same day you plan to buy it. You can find this on a variety of websites, and it can change daily. When going to buy the jewelry, you should not have to pay higher than 8% markup over the spot price. Many dealers try to overcharge you; however, by being informed you can avoid this trap.

Be aware of the true value of your items. Not everything is worth what you think it’s worth. Usually gold is mixed with other metals to give it strength. That can make it less valuable. Many items are only gold plated. If you’re not sure about the value of your items, you should have them appraised before you try to sell.

A cheap and quick way to test gold is to use a magnet. Gold and other precious metal will not be affected by a magnet, which means that they won’t stick to it at all. Sometimes a jewelry piece is only plated in gold with a solid gold clasp. A magnet is a good tool for discovering fake gold.

Confer with the gold party rep to determine the method used for judging karats. In most cases, the item is simply stamped. However, at other times, there is no stamp, so a lot of reps use other ways to find out. Acid testing is a very simple method, so if a representative is using this, they might be new.

Remember to research the gold market prior to investing any money. Some individuals pretend to market experts but who are in fact just trying to dupe you into investing through them. When they make huge promises, they can’t keep them. Do not think of gold as some way to get rich quickly, and you won’t be disappointed.

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. The BBB has information about each business including any complaints or reviews from others who have used their services. Take a close look at complaints, and look to see if resolution was achieved. If you see lots of complaints that have gone unresolved, think about moving on.

Karat Weight

The first thing you should do when selling gold is group the pieces by karat weight. Don’t allow the dealer to rip you off by pricing all the gold at the least pure karat weight. This will result in you receiving less money. Rather, approach the vendor with separated piles in order to maximize your profit.

Research each buyer carefully to ensure a good deal. This is critical if you are looking into a mail-away type service with a buyer in another state or community. Check the BBB’s website to see if there have been any complaints lodged against any company that you’re thinking of using.

A way to get gold at a great price is to simply ask your relatives if they want to sell broken gold jewelry. Get yourself an accurate scale that can weigh the jewelry so you know how much to offer your relatives and still make a profit from the deal.

This article has taught you a lot about trading gold. Now, you’re equipped to make smart investment decisions. Follow this advice to begin making money through gold investment.

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