The Golden Dream: Making Money With Gold

October 10, 2013 by ·

With the current state of the economy and value of the dollar, many people are investing in gold. If you are interested in making the most of the opportunities presented by gold, this article is for you. Keep reading to get helpful advice.

Before buying or selling gold, know how precious metal prices work. The value of gold tends to fluctuate, which is why it is important to understand the market trends. You must be prepared to pay higher percentages over the melt values for fractional gold pieces like 1/10, 1/4th, and 1/2 ounces versus one-ounce pieces.

Think about selling your gold online. You don’t need to visit an actual store to do this. You can find a lot of websites to sell gold. You will get a kit to return gold. They end up paying you once they receive it, but they usually won’t pay you a lot.

Gold Jewelry

You might be shocked by how much gold costs these days. You still can get gold jewelry items without spending a lot at a local jewelry store. It is easy to get great deals on gold jewelry from online retailers or pawn shops.

If you are thinking about selling some of your gold jewelry, know what the going market price for gold is. This way you will know if a dealer is offering you the proper amount for your items. Most dealers are honest and stick close to market value, but a minority try to rip desperate people off by low-balling their offers.

Have a professional appraise your gold jewelry if you do not know how much it is worth. This will cost a little money up front, but it’s important to know what you have. Make sure you go to an accredited and reliable appraiser to get valid appraisal papers. Understand that you probably will not get the full appraisal price when you sell your gold.

Check the price when you are buying gold. Many sites offer this information, plus it changes every day. When you actually go to buy, do not pay more than an eight percent markup over this price. Paying that price would simply be unfair to you.

Talk to someone at a gold party to learn how they figure out the number of karats in a jewelry piece. Is it based on the stamp? There are ways to determine a piece’s purity if no stamp is present. Acid tests are an easy way to determine value.

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. You can usually find out about complaints and customer reviews. Heed any complaints to see if the company resolved them or not. If you see that there are a lot of unresolved complaints, you may want to go with someone else.

If you want to sell your gold, you should divide it in different lots in function of the karat weight. This makes selling it much easier and prevents the vendor from trying to scam you. That always means less cash 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.

Avoid selling gold for no reason. Gold prices always go up. Why not wait until you can get a better price? Holding onto your gold might mean some serious money over time.

Karat Value

When you are in the market to sell your gold, first thing to do is separate each piece into their different values of karats. Gold prices vary based on karat weight. Therefore to get the best money on your investments, it should be separated by karat value. Higher karat value translates to higher value overall.

Most people know how gold has helped people become wealthy. Since the economy has faltered in the last several years, we are now seeing a rise in people participating in the gold market. Hopefully, you find the advice and suggestions from this article beneficial in helping you build solid wealth through gold.

Filed Under: Gold · Tagged: , , , ,

Fantastic Tips About Gold That Are Simple To Understand

September 30, 2013 by ·

In the investment world gold is top priority. If you are interested in investing, it is important to know what you are doing. You must consider many different things when you are deciding whether to buy raw gold or purchase shares. Keep reading to get more information about investing in gold.

Get a value from a few buyers before selling your goal. There are many buyers who purchase gold, but prices vary from one professional to the next. Getting multiple offers allows you to understand what you can get for your gold.

Bullion bars are usually the safest way to invest in gold. They are available in various weights. Bars may be a half ounce, 400 ounces or anything in between. A heavier bar may be more difficult to find, however.

The market price of gold fluctuates daily, and sometimes even more often than that. You ought to know the latest number prior to trying to sell. When selling gold, be sure that items of differing karat values are weighed separately. Stay away from selling high-end jewelry pieces because they have more value.

Never deal with a gold buyer or seller who does not have a favorable reputation. Check with the BBB and look at reviews online before you sell your gold to a buyer. Reputable buyers usually pay fairly for gold, and they often have much better customer service versus the less reputable ones. Do this to protect yourself and your gold investment.

You might balk at the high cost of gold, causing you to select gold-filled or gold-plated items. But, it is still possible to purchase gold jewelry without having to go to a jewelry store and spend a fortune. Try visiting a pawn shop or looking online instead.

If you’re sending your gold to some company via the mail, check them out before doing business with them. Find out when you can expect your payment, and make sure you insure your package. Take pictures of anything you send so that you can settle any disputes that may occur later.

If you have an interest in getting into the gold markets, but don’t have a lot of investment capital, consider buying scrap. This can be done over time, maybe some each day so that you can get some valuable gold in about a year. Store your scrap gold in a secure location until you are ready to sell it.

Compare different gold buyers if you want to sell some gold jewelry or gold scraps. The current value of gold may be one price, but that certainly doesn’t mean every buyer is willing to offer it. You might get a better deal at a store not in a major shopping mall, since their overhead and rent is lower.

You may even be able to find old gold at thrift shops or garage sales. You can find bargains in those places when you’re aware of what you want. Many people donate or sell to these places at low prices because they don’t know what they own. If you do some research, you can benefit greatly.

Be careful when dealing with the gold market. As with any market, there is unsavory, dishonest people. This is especially true when it comes to precious metals. There are plenty of honest dealers; however, there are also people who are only out to steal your personal information. Do your homework before giving anyone your business.

Now that you’ve read this article, you know there is a lot to know about buying gold. You are better able to make a decision about fitting gold into your portfolio. Follow this advice to begin making money through gold investment.

Filed Under: Gold · Tagged: , ,

Nuggets Of Wisdom For Successful Gold Investing

September 27, 2013 by ·

Humans have been attracted to gold for thousands of years. Since it’s discovery eons ago, people have treasured gold. Beyond gold’s natural beauty, it has also acted as a way to store and accumulate wealth. If you want to buy or sell gold, read these tips.

Gold Jewelry

If you are buying gold jewelry as a gift, make sure you have a money back guarantee. It’s almost impossible to determine the value of your gold jewelry just by looking at it. If that happens then you’re going to want to return it and get your money back.

Consider giving GoldMoney a try for gold purchases. It can be compared to “gold bank accounts.” 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 resides in a bank. From there, you can sell it or do a number of other things with it.

While buying gold is extremely exciting, you need to keep it quiet. Anyone could be listening at any time, and you cannot trust everyone. Do not tell others about your investment, and keep it locked up either in a home safe or at a bank. This is the best way to protect yourself and your gold investment.

Know what you’ve really got. Not all gold piece are worth their weight in gold. Usually, there are other metals mixed with gold for stability. This can make the price a lot lower. Gold plated items may also be deceiving. Have your pieces appraised before sale to determine their value.

When selling gold, research the market price. You should shop around to get an idea of what others are offering for similar gold pieces. This lets you determine a fair market value starting price point. Always ask a little above what you want so there is room for negotiation.

Comparison shop prior to selecting your gold buyer. You will get many different amounts. When you just take buyer number one, you may lose money. Taking your time can really end up getting you the best deal out there.

Before selling your gold, contact your local Better Business Bureau. You can find out about certain businesses and experiences so that you can move forward from there. Complaints that have been resolved are actually a good thing, so factor those in as well. If the purchaser has any unresolved complaints, steer clear of them.

You can sell your gold by mail. This does not involve posting any advertisements or going into different shops. Oftentimes you will be provided with a prepaid envelope and will receive a check in the mail. However, remember that these companies often don’t pay as much for your gold as other places. In some cases, you could get about 30 percent less for an item, so just be aware.

If there are any forms involved in your gold dealing, make sure to read them word for word. There’s a lot of money involved in this business. You need to know precisely what you are signing. If you don’t like the terms, be prepared to move on. You have to make sure you financially protect yourself.

The price of gold has increased 400 percent over the past 10 years, and that is great for gold owners. The changes in currency value affect the value of gold. Generally, a weak dollar equals strong gold prices.

Now you should know more about gold values and why it’s treasured by many worldwide. Gold can be a good way to make money and be beautiful to wear at the same time. Take what you have learned here and use it to start your own investments in gold today.

Filed Under: Selling Gold · Tagged: , ,
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