Want To Get In On The Gold Rush? Read This!

November 7, 2013 by ·

More and more people are interested in both selling gold and buying it. This is mainly due to the economy. However, few potential investors really understand how to make good investment decisions with gold. These tips can help you make a profit from buying and selling gold.

When investing in gold, bullion bars are the best way to go. They come in weights that vary. They range from just under an ounce on up to 400 ounces. The 400 ounce bars are generally hard to find.

Understand the spot price of gold before selling any. If you have made the call to sell any gold you have, group your pieces by karat value. Don’t sell gold jewelry that may be worth more when sold as a designer piece.

Think about selling gold on the web. You no longer need to buy and sell gold at a physical location. You can also choose to use an independent online site to that specializes in buying gold. The site will send you a special kit in which you’ll return the gold items. They end up paying you once they receive it, but they usually won’t pay you a lot.

Think about having your jewelry appraised if you are not sure of it’s true value. This requires a bit of an investment, but it is worthwhile. In order to have it valued most accurately, go with an appraiser who is accredited and independent. However, do not expect to receive the exact amount suggested by the appraisal when you sell the gold.

If you’re going to sell your scrap gold at neighborhood shops, check out more than one. All stores won’t pay market price for your gold, since they are all in business to make a profit. You might get a better deal at a store not in a major shopping mall, since their overhead and rent is lower.

Melt Value

When selling your gold, it is necessary to determine if you wish to sell something as jewelry or simply to get its melt value. Most private sellers and pawn brokers are only willing to pay melt value for gold jewelry. Never let this dissuade you, however, as you are sure to locate an appropriate buyer eventually.

There are many sites where you can purchase gold, such as GoldMoney. It’s like a bank account for gold. You make an account, bank your money, and then you receive gold at the price you chose for your account. While the gold itself physically remains within a bank vault, you can deal with it as you see fit.

Be careful in the gold market. As with any market, there is unsavory, dishonest people. This is especially true when it comes to precious metals. There are lots of people that want to rip you off by not giving you what you’re owed. Make sure to be careful and do your homework.

Be sure you know about the gold in your possession. Just because something looks like gold doesn’t mean it is worth gold’s weight. Sometimes other metals might be mixed into gold to make it stronger. These metals can reduce the value of gold. Also, some items may only be gold plated. If you don’t know exactly what you have, consider an appraisal.

You should always contact the BBB prior to selling your gold. In this way, you can get sound information on the performance and history of these entities. Look carefully at complaints and whether they were solved or not. If they have a ton of complaints or many that are unresolved, you should consider a different business.

Before you sell gold, put it in different karat weights. Weighing the items separately ensures you get the true value its worth, but some sellers won’t do this. That always means less cash for you. Instead you should go in with pre-separated piles to make the biggest return.

When you go to a dealer, make sure to read all forms clearly. This business deals with large amounts of money. Know exactly what you are putting your signature on. If you don’t care for the fine print, move on. It’s important to protect your finances.

Sort your gold by karats into groups if your are planning on selling it. The value of gold varies by karats, and weighing your gold together can cheat you out of money. The greater the karat ratings, the more the gold is worth.

Know what you want before you invest in gold. Although gold can add a nice balance to your portfolio in case of rough economic times, it is still considered an investment that fluctuates wildly. By setting goals and limiting your involvement, you can make smart choices for profit.

There are many people who are happy about their investments in the gold market. All too often, though, people don’t have sufficient knowledge to successfully invest in gold. Hopefully, this article has solutions to the problem for those who want to learn more.

Filed Under: Investing In Gold · Tagged: , , , ,

How You Can Make Money By Selling Gold

November 2, 2013 by ·

Gold is valuable the world round, and this has always been the case. Most people like gold, but many people don’t know how they can invest in it. If you are in the market to buy gold, then keep reading for some helpful tips on how to get some gold.

When you invest in gold, you can’t go wrong with bullion bars. These come in various weights. They start at a mere half-ounce, but also rise as high as four-hundred ounces. The 400 ounce bars are generally hard to find.

Do careful and thorough research on any gold seller you are considering doing business with. You want to determine how the business treats its customers and whether there are outstanding complaints against it. Additionally, get several offers before selling to a gold dealer to ensure you get top dollar.

Buy Gold Jewelry

Gold is high in price, and this deters some. You might choose gold-plated or gold-filled pieces instead of ones that are full gold. You can still buy gold jewelry without spending too much at the jewelry store. You can buy gold jewelry more cheaply in pawn shops or online.

Do your research and know what the latest gold price is before you sell your jewelry. This way, you’ll know whether you’re really being offered a fair price. Dealers often assume that people who are trying to sell gold need quick cash and will try to take advantage.

When it comes time to sell your gold, figure out if you would like to sell it for its melt value or simply as a piece. Usually, you will only get the melt value from both private sellers and pawn shops. Don’t lose faith; there is always someone willing to buy the item as an entire piece.

You need to only sell your gold to buyers that are licensed. Although anyone could rip you off, the chances are slim when working with someone who is licensed. There are plenty of buyers for gold, so do not think that you must make a sale to the first buyer that you meet.

Know what it is you actually have. A lot of the time, gold isn’t really worth what it looks like it’s worth. A lot of times, metals are combined with gold to make the piece stronger. This actually lowers the price of the gold. Also, some items may only be gold plated. Getting gold jewelry appraised is always a good idea if you want to be clear about the potential sale value it represents.

A quick and inexpensive way to test a piece of gold or precious metal to see if it is real, is by using a magnet. It is true that precious metals are not attracted to magnets. There may be times when an item of jewelry has a solid gold clasp, but the rest of the item is only gold plated. This is a smart idea to test it this way.

Talk to a gold representative to learn how they test gold for purity. Is it based on the stamp? Sometimes, however, there is no visual sign, so many representatives have other methods of figuring it out. Acid tests are simple ways to do this, so if the rep does this, they’re probably new to the business.

Always read small print in sales contracts. If you want to sell gold to mail-in gold buyers, read the small print carefully before you sell. That way, you will be aware of the cut of your proceeds that will go to fees and commissions.

Investigate with the Better Business Bureau before selling your gold to any purchaser. You will see if there were any complaints and be able to read reviews from consumers who have conducted business with them. Pay attention to complaints and see if they’ve been resolved. Avoid using any business that has a lot of complaints or unresolved complaints.

One option when selling your gold is to send it away in the mail. Many people prefer this option because it is really easy. You ship your jewelry in a prepaid envelope, and then you receive a check. But, keep in mind that you may not get as much money this way. Some of these outfits pay you a third of the money for the item than you might get elsewhere, so be cautious.

Gold is a valuable, durable, attractive resource. It’s still ideally suited for use as a tradeable commodity, too. It is generally a good investment because it holds its value over time. Now that you are more educated about acquiring and owning gold, begin creating your own gold collection today.

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

Make Money In Gold With These Ideas.

October 26, 2013 by ·

The value of gold is ever-changing, though its ultimate trend is ever upward. Gold is popular for its beauty and its attraction as a storehouse for wealth. There has always been a thriving market. In hard economic times, gold values go through the roof. Keep reading to know how you can make the most of gold for yourself.

Changes in the current price of gold will affect the price you will get. If you decide to sell your gold, pieces with different karat values should be weighed and valued separately. You should not sell jewelry as gold scraps if its worth is higher because of the brand or design.

Stay with reputable firms when selling gold. Verify their good standing by checking with the BBB and reviews online. Good customer service and fair market prices are good indicators of reputable buyers. Make sure that you protect both your investment and yourself.

Before you buy gold, be sure you know exactly when it will be delivered to you. If you don’t get delivery immediately, get something in writing which confirms delivery of your pieces. You should have the date of delivery clearly listed. Proceed with the order only if you get this confirmation.

Before you mail any jewelry to a particular company which purchases such items, be sure to do your homework and check out the company thoroughly before you do so. Ensure you understand the reimbursement terms, and don’t neglect to purchase postal insurance for the package. Lastly, write down and also photograph everything you send to this company just in case you have a disagreement.

If you’re unaware of your gold’s worth, have it appraised. This may cost a small fee, however it is crucial if you want to know the true value of your item. And make sure you only hire an independent and accredited appraiser to be sure you get an honest appraisal. If you choose to sell your piece, know that you probably are not going to get the full appraisal amount.

Take your old gold that you want to sell to a number of different gold-buying companies before settling on one. All stores won’t pay market price for your gold, since they are all in business to make a profit. This is because they must take into consideration their overhead and commissions when purchasing gold.

Melt Value

When selling your gold, it is necessary to determine if you wish to sell something as jewelry or simply to get its melt value. You will only get melt value at pawn shops or with most private buyers. Try not to be discouraged. Sooner or later you will discover the purchaser you are seeking.

You never know where you will find valuable gold; places like thrift stores are often great places to discover good deals. You can find great bargains if you understand what to look for. People frequently give these things away without understanding their value. If you are smart, you can make a great profit.

Always do your own research into the gold market before you make any investments. There may be people claiming to be market gurus who are trying to lure you into investing with them. But, beware of over the top promises about getting wealthy. As long as you are reasonable and rational about these claims, you will find it easier to focus on the goal and the best way to achieve it.

Before you sell your jewelry as scrap gold, have it appraised. This is an absolute must-do if you are selling unique, handcrafted pieces of jewelry. The appraisal isn’t free, but it can boost your selling price. This is also a great way to locate buyers who might be interested in your gold.

You should note that even if a whole piece of jewelry is not solid gold, the backs of earrings or clasps may be. In addition, necklace clasps or ring bands may be gold, too. You can sell these small pieces together. A lot is a collection of separate pieces weighed and sold together; selling off jewelry in lots is often the best way to get maximum value.

Karat Weight

Prior to selling gold, make sure you separate it by karat weight. If you keep them together, an unscrupulous dealer may try to weigh all the pieces in one batch, then pay you the lowest karat price for all of them. You will earn more if you sell your gold separately by karat weight. Before making your trip, have your pieces separated before you walk in.

Research a dealer before doing business with them. Check the Better Business Bureau to make sure a gold dealer can be trusted. By contacting your Better Business Bureau, you can find out if there are any complaints filed against your dealer. If you find complaints, think about going elsewhere for your transaction.

If you’ve come across a company over the Internet that buys old gold, shop around for pricing before doing anything. A shop in your area may pay you more for your pieces.Alth While simply dropping the gold in a box and shipping it because you’re short on time can seem convenient, if you can make a lot more money locally, you should.

Buy only jewelry that is pure gold. Gold jewelry can be purchased as an investment as well as a fashion item. Jewelry that’s well made is going to make that piece worth a lot more money and it’s good to put money into.

With any investment you make it is prudent to seek longer term strategies and that includes gold. This means you shouldn’t only buy gold if the price is higher than usual. That’s never a smart move for an investment. Buying gold steadily over time as the value rises and falls actually give you a better return over time.

Clearly, our finances are based in a gold standard. What that means is that you need to understand how the price of gold changes and how to leverage the gold market to meet your particular needs. Put this information to good use when you are considering gold investments.

Filed Under: Gold · Tagged: , , , ,
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