Need Ideas For Dealing With Gold? These Tips Rock!

November 10, 2013 by ·

If you are an experienced investor, you probably recognize the value in commodities. Gold is the number one commodity available. No matter if it’s put away for the future or perhaps you seek profits in the short-term, the following article about gold offers a wealth of information.

When you decide to sell gold, you should get a few sources to give you an estimated value. Many jewelry stores and gold buying services are available, and they will all usually take a different profit on the gold they are purchasing. By getting multiple estimates, you can be assured that you will get a fair price when you sell.

Before selling your gold, be sure to check the current price. It changes all the time. If you have made the call to sell any gold you have, group your pieces by karat value. Do not sell your designer jewelry for its weight in gold because you will lose money.

Sell your gold online. Gold deals no longer have to take place at a “real” store. There are dozens of reputable websites where you can buy and sell gold. Contact the site, and they’ll send out a shipping kit so you can send them your gold. If the transaction goes smoothly, they’ll give you a quote and you can either accept or decline the offer.

Gold Jewelry

Do not allow the high price of gold to deter you from buying quality products. You will not benefit from buying jewelry that is plated or filled with gold. You do not have to pay full price for gold jewelry if you find that the prices offered by jewelry stores are too expensive. You can buy gold jewelry more cheaply in pawn shops or online.

Look at the current gold market price prior to selling your pieces. That is going to help you figure out whether you are being offered a good deal. The majority of dealers will offer you market value for your gold, but some know that sellers just want to convert their items into cash quickly, and they take advantage of the buyers.

If you plan to sell jewelry through mail-in companies, make sure to do your research first. You should be clear about when you can expect to be paid. Insuring your gold shipment is a good idea, too. Last, but not least, photograph each item you are sending via mail so that you have recourse if a dispute occurs.

Always check the daily spot price before you buy gold. Many websites update this information daily. When purchasing, don’t pay greater than 8% markup above the spot price. Many times sellers will try to sell it at a higher price.

It is important to understand that market before becoming active in it. Every marketplace has bad apples, but the gold arena is renown for possessing quite a few. Many people want to keep the money you are owed for themselves. Do your homework before giving anyone your business.

Even if your earrings are not real gold, the backs may be. The bands to rings and necklace clasps are often times real as well. These sorts of items are often lightweight and should be sold as a collected lot rather than individually. This is when many pieces are sold together to net a larger profit.

When you are negotiating with someone dealing in gold, read all the forms that are given to you. This business is about the dollar signs, and you must recognize this. Understand precisely what you are asked to sign. If you’re not comfortable with any terms, pass on it. It’s important to protect your finances.

If you just want to off-load your gold, you should pause. Just because the price is higher than ever doesn’t mean it won’t go even higher, since gold is something tends to continually increase in value. You may be able to sell your gold for even more later if you hold onto it now.

Figure out what you want from buying gold before putting your money into it. Gold can provide a hedge against inflation, but its value can also be very volatile. As long as you establish limits regarding exposure and make certain your goals are clear, you stand a good chance of doing well.

After reading this article, you should know more about gold than you did before. Save for retirement or just for a rainy day, or reinvest your earnings. Keep all of this in mind to succeed with gold.

Filed Under: Gold · Tagged: , , , ,

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: , , , ,
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