Let Your Portfolio Shine With These Gold Tips

November 4, 2013 by ·

Gold is definitely the king of the finance world. The more you know about gold, the better able you will be to protect your investments. There are a number of things to think about, whether you buy gold raw or just dive into mutual funds. Continue reading to find out everything you need to know.

When selling gold, it is a good idea to get an estimated value from more than one source. A lot of services and jewelry stores are out there, and they will usually vary in how much they profit. By seeking multiple estimates, you are able to determine whether an offer is truly fair.

You might balk at the high cost of gold, causing you to select gold-filled or gold-plated items. You still can get gold jewelry items without spending a lot at a local jewelry store. You are able to get gold cheaply in pawn shops or on the Internet.

If you are thinking about selling some of your gold jewelry, know what the going market price for gold is. Doing so will help you figure out if a dealer’s offer is a good one or not. Most dealers should sell according to the market, but sometimes they’ll try to scam you if they think you just want quick cash.

If you have no idea what your gold might be worth, than an appraisal is a good idea. The small investment required will ensure you get what your jewelry is worth. In order to maximize reliability, make sure the appraiser is independent and accredited. However, do not expect to receive the exact amount suggested by the appraisal when you sell the gold.

Understand that any item containing gold carries value with gold dealers. That could be broken pieces of jewelry, tableware, home decor, or anything else you have around. It also doesn’t have to be 100% pure gold. It may just be plated or partially pure. You can still find a nice return on the sale of it.

Whenever you’re looking at selling scrap jewelry or gold it is best to explore many different companies to know the offers are legitimate. All stores won’t pay market price for your gold, since they are all in business to make a profit. The overhead of the store involved may determine how much or little they are able to offer.

If you want to sell gold, make sure the buyer has a state license allowing them to do so. Though you still may be taken, licensed buyers tend to be more trustworthy. Many individuals, pawn shops and jewelry stores are interested in buying gold. Be picky about your buyers.

Even though gold buying can be thrilling, try not to talk much about it. Someone around you could be listening in and be untrustworthy. Keep your investment to yourself and under lock and key, either with a bank or in a good home safe. This keeps your gold hidden and secure, as it is a very valuable investment you want to protect.

Investigate several gold dealers before choosing one to do business with. You will get many different amounts. If you go with the first buyer that you meet, you may end up with the worst deal possible. Be cautious and go slow in order to get the best deal for you.

Get a jewelry appraisal before you consider selling it for scrap. This is a good idea if the piece is antique or has an elaborate design. Even though the appraisal will cost you money, you may get more for your jewelry in return. Appraisers can also tip you off about interested parties concerning your jewelry.

Earring backs are often solid gold when the earring isn’t. Necklace clasps and ring bands are usually real as well. You can often sell these smaller pieces together to get more money. That means they are collected into an assortment that can bring a better price together.

When selling gold, separate it into different karat value groups. Gold values vary based on karat weight, so lumping different weights together will result in a reduction in the price received. You will get more for higher karats.

To make sure you get a fair deal, conduct sufficient research on your gold buyer. If you’re selling your gold through the mail, this is even more important. Gold buying companies should be listed with the Better Business Bureau, where you can see if any complaints or issues have been filed against your buyer.

Gold Futures

If you are new to gold investing, keep it simple. Try to avoid buying gold futures, for example. Futures markets are volatile and complicated, and this includes the market for gold futures. It’s very easy to lose money if you’re not sure what you’re doing. Let complicated investments be handled by those with experience.

Sell your gold when its worth the most. There will be daily fluctuations within the gold market. When you understand this market, you will get the most money. You can sell your gold for a profit if you keep a careful watch for the market to climb.

You should not invest too much at once. Gold does not yield income the way bonds or stocks can. Additionally, gold prices fluctuate regularly. When the equities are devalued that is when you get a rise in value. You ought not invest more than five percent of your total portfolio into gold.

There is much more to buying gold than you knew before you read this article. Now, you’re equipped to make smart investment decisions. Use this advice to begin investing in gold to build your future wealth.

Filed Under: Gold · Tagged: , , , ,

Expert Advice On How To Become Gold Savvy

October 4, 2013 by ·

You must learn the ins and outs of investing in gold before you talk to a broker. It is not so simple that you can just dive in, but having all the information you need prevents it from being too complicated. This article can help educate you about buying gold as an investment.

Before buying or selling gold, know how all the prices work. Daily fluctuations are the norm, so you must be current on the spot price. You need to get ready to pay higher prices than mere melt value on fractional pieces as opposed to one-ounce pieces.

Schedule for a proper delivery before buying gold from any seller. Always get a timeline in writing of when your gold pieces will be delivered if immediately delivery is not provided by the seller. The expected date must be listed. If you cannot get this document, do not complete your order.

Before going to sell your jewelry, investigate what the current market price of gold is. This will help you set a fair price when you sell or buy. Many dealers will pay market value, however others rely on people desperate for cash to get the most for themselves.

Be sure you research a company before sending them gold in the mail. Know exactly how much money you can expect to receive, and make sure that the package you send them is insured. Take a photo of what you mail to battle against disputes down the road.

If you want to invest in gold, but lack significant capital, think about getting into scrap. 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. Find a secure place for your stash until there is enough for you to cash it in.

Shop around town if you are taking scrap jewelry or gold pieces to sell to a store or pawn shop. While spot pricing is the national standard, most stores don’t honor it. Look for stores off the beaten path as they often have lower overhead and better deals.

Use GoldMoney 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. It then is kept in a vault. The gold is yours to cash in if you wish. You may also redeem it for physical gold later.

Before you sell gold jewelry for its scrap value, have it professionally appraised. You definitely want to have jewelry with beautiful details and crafting well looked over because the value could be much higher. 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.

Look at every form you need to sign when working with gold dealers. This is a large money making endeavor with lots of dollars associated with it. You need to know what you’re signing. If you disagree with the terms of the sale, do business with someone else. Protecting your financial interests should be of primary importance.

Gold is often volatile even though it can be a good investment. If you cannot handle sharp price swings, this investment is not for you. If you have the fortitude, still limit your downside risk. Only a very small overall percentage of your portfolio should be invested in gold. Generally, about five percent is an ideal limit.

Ask relative for broken jewelry that they no longer want. If you have a decent jewelry scale, you can weigh gold yourself. This way, you pay your family more money than they’d get at a pawnshop and you get to make a few bucks yourself.

Make sure you understand the buyback policy of your seller. Some people that buy gold will make you pay a premium to get the gold resold, and some people don’t do that. Think about the extra charges concerning sending gold of all kinds to different geographical locations. To protect yourself, avoid buying gold and leaving it in the custody of a dealer.

If your gold piece has small gems in it, you can ask to keep them after the piece is melted down. They might be hard to get out if they are tiny. Small gems are not worth anything when an item of jewelry is melted, so most dealers don’t care about them.

You must now apply that information to your own investing efforts. This information can help you invest in gold, whatever your strategy. Gold can be of great help for your future plans.

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

Are You A Gold Lover? Read This

September 18, 2013 by ·

All dedicated investors need to have commodities in their portfolios. Gold is the best commodity that is out there. This article will help if you are interested in having extra money for retirement from gold or any other reason.

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. If you’re trying to get gold sold, know that various karat values are going to need to be weighed separately. A designer piece, however, shouldn’t be sold because the item as a whole could be worth more than just the gold.

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 bids from multiple companies ensures that you receive the most money per transaction.

Gold Online

Consider selling gold online. Gold dealing doesn’t require physical stores anymore. There are many places to sell gold online. You can get a kit to send your gold to these websites for money. If you have everything together, then you will receive the going rate.

Before you put down your money for gold, make sure you have a firm delivery commitment from the seller. If the seller delays delivery, you have to get a written confirmation on when the expected delivery date is. The expected date must be listed. Only complete the order if given this documentation.

Before selling your old and broken gold items for cash, make it a point to visit at least 3 or 4 buyers. Bear in mind that the market price for gold you can find online (the “spot”) is only an average; different dealers will offer you different prices under (or even over) the spot. Kiosks in malls and other high-traffic areas pay more in rent and operations, thus, reducing the amount of money they are able to offer for your gold.

Look into market prices of gold before selling it. Compare prices with other gold dealers. This will help you establish a price level to utilize. People will haggle, so ask for more than you will actually settle on.

Read the fine print of your sales contract. This is especially important if you decide to sell some of your gold items through a mail-in program. This allows you to know how much of your proceeds will be used to pay for commissions and fees.

In many cases, earing backing are solid gold even the total piece is not. Necklace clasps and ring bands often are too. These pieces don’t weigh much, so try selling them all as a “lot.” With a quality of items, you may be able to get someone to buy them together, hoping for greater profits.

Buy Gold

You don’t have to physically own gold to invest in it. You can buy gold shares in an ETF, a mutual fund with a focus on gold, or in gold mining equities. If you decide to buy gold bars or coins, consider how much it would cost to store it securely.

Before selling your gold, separate it into different karat weights. Some vendors may try to weigh all of your items at one time and pay you for the lowest karat. That’ll mean less money for you. Rather, pre-separate the pieces so you can get the most money you can.

To get a good deal and protect yourself, research the gold buyer critically. This is a must if you choose to use a mail service that’s in a different state to sell your gold. Look for gold companies that are listed in the BBB to ensure that you are working with a reputable business.

Thinking long term is good in all investing, particularly gold. Don’t only purchase gold when the prices are high. Indeed, you should never invest during such market conditions. You have to have your timing down pat.

One popular way to buy gold involves purchasing coins from the US Mint that were made before 1933. Gold coins were prevalent until President Roosevelt put a stop to their circulation. Many people kept these coins anyways and they are available to buy.

Know you aren’t going to get the full price for any gold you sell. A gold dealer is a businessperson just like all others. For this reason, they must leave some difference between the value of your gold and the amount they are willing to pay. Anticipate offers at about fifty to seventy percent of your value.

After reading this article, you should feel more informed. Save for retirement or just for a rainy day, or reinvest your earnings. Remember what you have learned here if you want to have success while dealing with gold.

Filed Under: Gold · Tagged: , , , ,
Next Page »