Making A Profit With Gold In This Day And Age

February 17, 2014 by ·

Because of the sudden glut of investors looking for a very safe medium for safeguarding their money, the price of gold on national and international markets has been climbing steadily in recent years. Forewarned is forearmed when it comes to investing in the gold market. Continue to read and find out what a gold investor needs to know.

Go with a legit buyer if you’re selling gold. There are several ways to find out about their reputation, such as online reviews or Better Business Bureau filings. A legitimate buyer will pay you fairly for your gold while giving you great customer service. Protect your invest and look into these companies.

Do not dabble in the gold market until you are familiar with pricing of precious metals. The prices of metals like platinum, gold and silver can fluctuate greatly in just one day. Before you do any buying or selling, check the market prices beforehand. If you have gold that does not weigh up to a full ounce, you may receive less than the melt value when selling it.

Gold Broker

Make sure you research any gold broker you do business with. You want to work with a reputable gold broker. The BBB website and other online forums are excellent resources for information on customer satisfaction and a company’s standing. If you get quotes from multiple buyers, you will get the most for your gold.

Look into selling gold on the Internet. Gold trading doesn’t necessarily have to happen at an establishment with walls. There are plenty of websites out there you can use to sell all your gold. The website will send special kits where you are to return your gold items. If the transaction goes smoothly, they’ll give you a quote and you can either accept or decline the offer.

When you decide on buying gold the first thing to do is look at the spot price. This information can be found on several different websites. Paying for gold that is any higher than an 8% markup is not a wise investment. Knowing the value of your gold will keep you from getting ripped off.

Don’t avoid searching antique shops or thrift stores for gold. If you are aware of what to search for, you can find bargains in these places. Sometimes, people sell to these kinds of stores because they were unaware of what they had. Their lack of knowledge can be used to your benefit, if you know what to look for.

Be fully aware of what you have. Even though the item looks like gold, it may not have much value. In many cases, additional metals have been mixed with the gold to strengthen it. This results in a price reduction. Gold plated items may also be deceiving. If you don’t know exactly what you have, consider an appraisal.

A magnet can be used as a cheap and fast way to determine if a piece is really made of gold. Gold and other real precious metals aren’t 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 method is good test for that.

Appraise jewelry before scrapping it. You may have pieces that are worth more than their weight in gold due to historic or artistic value. You may have to pay for the appraisal, but it might help you get more money. A credible appraiser can probably connect you with someone who is likely to be highly interested in what you have to offer.

Many people have noticed that gold investing has become very popular recently, and it doesn’t look to be slowing down any time soon. Study the market closely to see what the current and long standing trends are. Put these tips to use and watch the extra money flow in.

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

Learn All About Gold With These Tips.

February 13, 2014 by ·

In light of the global economic slump, the gold market has continued to thrive and grow. You might be interested in learning more about gold as a protective investment, but you may not know what you need to know yet. Continue to read to learn about it.

When you sell gold, you should obtain a type of estimated value from multiple sources. There are quite a few stores selling jewelry or that buy it, and they sometimes make more money on the gold than you make on it. You should get your gold appraised by a professional and compare prices offered by different buyers.

Understand the spot price of gold before selling any. If you choose to go ahead with the sale, separate different karat items and have them appraised individually. Don’t sell jewelry that’s worth more due to maker or designer.

Always use a reputable company when selling gold. Look at the Better Business Bureau to gather information about the company to see if their legitimate or not. Good customer service and fair market prices are good indicators of reputable buyers. Don’t let yourself be taken advantage of.

Whenever you make an investment in gold in the form of jewelry, always ensure that you have sufficient documentation and can return it if required. You do not know if the gift receiver will like it or if the piece fits. If that should occur, it is important you can return the piece for a full refund.

When selling jewelry, be aware that most gold buyers will only pay you on the melt value. You may get more if you can wait to sell it to a buyer who values it as a beautiful piece of jewelry. Don’t get discouraged since there’s a buyer out there that wants your pieces.

Gold Market

Be careful when dealing with the gold market. The gold market has more than its share of disreputable dealers. Lots of people will scam you if given the chance. Make sure to be careful and do your homework.

Comparison shop when you are choosing a buyer. The offers you get might surprise you! Selling your gold to the first dealer you see could result in a very lousy deal. Be sure to take time to choose your buyer wisely for the best profit.

Figure out what all of the fine print means when you’re working with a sales contract. This is especially important if you decide to sell some of your gold items through a mail-in program. This lets you learn the amount of proceeds you need to pay for fees and commissions.

Have jewelry appraised prior to selling it to anyone as scrap gold. This is especially true for one-of-a-kind pieces like jewelry with intricate details and workmanship. Appraisals cost money, but often are a good investment. By taking your jewelry to an experienced appraiser, you may also find yourself with a good lead on a potential buyer.

A lot of times, the earring posts are made from solid gold even though the earring may not be. Necklace clasps and ring bands are as well. Try to sell them as part of a “lot” since singularly they are not very heavy. A larger profit can be obtained this way as many pieces are being sold in one “lot”.

You don’t have to have gold in hand in order to invest it. You have the ability to invest in mining stocks or exchange traded funds that have an emphasis on gold. If you decide to buy gold bars or coins, consider how much it would cost to store it securely.

You can sell gold by sending it in the mail. You may prefer this since it’s a lot easier. You get a prepaid envelope, you put your jewelry in and you ship it off, only to get a check in return. Remember that these places usually do not pay as much as other places for gold. Sometimes, you may get 30 percent under the value’s worth, so keep an eye out for this.

To get the most from your gold, learn how to discern the gold’s grade. Purity of cold is measured by karats. Twenty-four karat gold is the purest form of gold and is the most expensive. You should not just rely on the karat stamp. Figuring out how gold’s purity can be tested is going to allow you to pay only for good quality gold.

Gold Investing

Many people around the world are concerned with the economy’s troubles, and rightly so. Gold investing has become very popular, and some believe it’s because of these recent troubles. If you know a little about buying and selling gold, you can personally profit. Use the above tips to become more knowledgeable about gold investing.

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

Gold Advice You Need To Know About

February 10, 2014 by ·

It’s pretty undeniable that gold has gained in popularity since the economy has done a nosedive in recent years. More people are ensuring their wealth through gold more than ever. This article will help anyone and everyone learn about the market.

Before you get into investing or selling gold, it’s best to understand how it works. There are fluctuations in the prices of these metals every day, and you will want to know the current price. Also, understand that some types of gold will be more expensive than others.

Always do your homework with regard to any person or entity from whom you are thinking of purchasing gold, and look around for a buyer with a good reputation. Better Business Associates can give your information about complaints made against a company and how those complaints were resolved. Ensure you receive the maximum amount for your gold by shopping around.

Be sure you research a company before sending them gold in the mail. Insure your shipment, and get a solid confirmation of when you can expect to be paid. Also, make a photographic inventory of every item you send.

Keep in mind that gold dealers will buy anything that’s got gold within it. You could, for instance, sell some broken jewelry, some tableware, gold coins or many other objects. Mixed metal items can be sold as well. It could be plated gold or it could be that just a portion of the item is made of gold. You may still get a little of your initial outlay back.

Take a look at the spot price prior to going out to purchase gold. You can see it on various sites and it usually changes every day. Never pay more than 8% premiums on your gold. Knowing the value of your gold will keep you from getting ripped off.

Sell to licensed buyers only. This does not prevent you from getting scammed, but a licensed buyer probably has a better reputation. There are many stores and individual buyers looking to purchase gold, so always know you have multiple options, and never just the first deal that comes up.

Think about GoldMoney and other such services when you want to buy gold. It’s like opening a bank account which trades in gold. Set up the account, deposit some funds, and you get gold at the price that correlates to the account. Instead of having to keep this valuable commodity at home, it sits safely in the vault at the bank. You are free to withdraw any time you chose.

Many people don’t know that a magnet can be used to test whether something is made of gold or some other type of metal that is precious. Precious metals, such as gold, are not magnetic. Check the clasp separately from a chain. That’s a great way to make sure.

A lot of times, earring backs are gold, even when the earrings themselves are not. The bands of rings may be as well, even if the rest is an alloy. Since these items are so small individually, it’s best to sell them together in a larger lot. 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.

During the last decade, the value of gold has risen by four-hundred percent. This is good news for people who want to sell their gold. The value of the dollar directly correlates the value of gold. When the dollar loses value, the value of gold increases.

Gold is not an investment that you try and time. You should think of it more along the lines of wealth insurance. It’s good to purchase gold during stable economic times. In hard times, it may be difficult to find gold.

No matter what is happening in the markets, gold is always a winner. So even if the market is bearish, you can still profit. This is why gold is such a good commodity if you know how to work both markets.

Find out what the value of your gold is before trying to sell it. Most dealers are aware of the fact that you want quick cash when you come to them trying to sell gold. It is this knowledge that makes them think they can get away with giving you less money. You can use spot-pricing websites (for instance, www.goldprice.org) to get a good idea of the current value of gold on the open market.

Remember your ID when you sell gold. Because gold is extremely valuable, there is a bad element out there looking to rob people. In order to catch these thieves in their tracks, the government has created a law to make anyone selling gold present ID. This makes it much harder for thieves to sell off stolen goods.

Gold coins can be valuable because of their weight and also because of how “collectible” they are. You could lose out on a lot of money if you’re just selling them to get melted down. This underscores the importance of doing your research before you sell.

Get your gold appraised to ensure that you receive the very best deal. Just be aware that gold appraisal costs money in itself. The appraisal fee is worth it because it helps you get the best price.

When you buy gold, look at how it is made. Jewelry that was machine manufactured will be worth less than a hand crafted gold piece. Though it has no impact on melt value, it does play a role when gold is being sold as jewelry.

Purchase gold bullion for a solid gold investment. Fine gold is used to make bullion and its marking makes it easy to figure out its value. Buy bullion from a reputable dealer and be sure to have it appraised.

Gold has been important and popular for many years. With the right information at hand it is possible for individuals of all economic strata to use gold as an effective safe harbor for their financial resources. Put these tips to use before you decide how to invest your money.

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