Author Archives: Ashley Whitfield

Gold 101: Tips And Advice For Buying And Selling

The state of the economy has caused people to both purchase and sell gold these days. Perhaps you have an interest in the gold market as safe haven for your wealth, but you do not know how to approach it. Read this article to learn what you need to know.

When investing in gold, bullion bars are the best way to go. These bars come in varying weights. They can range from a half an ounce to bars that weigh four-hundred ounces. If 400 ounce bars interest you, know it will be hard to find them.

Always use a reputable company when selling gold. Their reputation can be verified though online sources, as well as the BBB. A buyer with a good reputation will give you good service and an equitable price for the gold you are selling. Don’t let yourself be taken advantage of.

Look for a gold buyer that has a good reputation. BBB and consumer reviews are two sources of information that can give you an indication of a dealer’s reputation. Check for offers through different buyers to make sure you get the best price for your gold.

If you’re sending your gold to some company via the mail, check them out before doing business with them. Be sure to understand when to expect payment and how to insure your items. Finally, take a picture of everything you are putting in the mail in case there is a dispute later on.

If you’d like to sell scrap gold or jewels, look around for the best price. Some stores won’t pay the market price of gold, and it’s up to you to realize this. Independent gold dealers with low overhead, for instance, may be in a position to offer you better terms than upscale jewelry stores.

Before selling you gold through the mail, be sure you know what the procedure is for getting your items back and any costs involved in doing so. The majority of companies pay for you to send the jewelry to them, but they charge high fees to return it to you. Be sure you have an idea how much it will cost you to reclaim your items.

Do not forget to search thrift shops and antique stores for hidden treasures. You can find gold in unexpected places, but you have to know what to look for. Many people don’t understand how valuable their items are, so they sell for cheaper than they could at these places. Their loss can be your gain.

Gold Market

You should research the gold market long before you make an investment. There are predators out there in the gold market that claim to be big shots but just want you investing with them. You must be extremely careful about any promises concerning getting rich quick. Do not think of gold as some way to get rich quickly, and you won’t be disappointed.

Figure out what all of the fine print means when you’re working with a sales contract. This is especially true if you decide you want to mail your gold off to a buyer. This lets you learn the amount of proceeds you need to pay for fees and commissions.

Before selling jewelry as scrap, have an appraisal done. This is particularly true for unique pieces that have exquisite workmanship and design. While you will probably pay to have an appraisal on your gold, this can certainly increase profits further along the way. An appraiser may know someone that’s interested in your jewelry.

You can still invest in gold without physically owning any. Mutual funds and ETF’s, as well as gold mining stocks, are avenues of gold investing. If you decide that you wish to own physical gold, be mindful of the security costs you will be paying for storage.

Gold Market

In light of the weakened economic state of countries all over the globe, the gold market continues to fare incredibly well. To get the most out of the gold market, you need to know how to purchase it and sell it. Soon you will be an expert in the subject of gold.

Hone Your Gold Knowledge By Using This Expert Advice

Gold is really the king of the finance world. Do you want to learn how you can profit off gold? There are many aspects of the gold market to consider. You might purchase gold or simply buy shares in a company. Keep on reading to find out more concerning investing in gold.

Get an appraisal to find out the exact value of your jewelry. Even though it is an extra expense, it can be well worth the investment. In order to have it valued most accurately, go with an appraiser who is accredited and independent. When selling gold jewelry, you will receive only a percentage of the appraised value.

Check the prices of golds the day you plan to buy. This price can be found on a number of websites. When you buy, don’t pay over 8% markup over the price. Some dealers will try to charge more, but they are overcharging and oftentimes, not ethical.

There are places you can send you jewelry to get paid. See how you can get your gold back if you don’t like the offer. A lot of buyers offer free shipping but will charge you a lot to send the item back. Make sure you know in advance what you might have to pay to get your jewelry back.

Though purchasing gold is thrilling, don’t go around telling everyone about it. Anyone could be listening at any time, and you cannot trust everyone. Protect your gold by storing it somewhere secure. In this way, you can be sure your gold investment is safe.

Comparison shop prior to selecting your gold buyer. You may get a wide variety of offers. If you select the very first buyer you encounter, you may get a terrible deal. Take your time to help you net the most cash.

Have all jewelry appraised before selling it as scrap gold. Appraisal can be especially important with potentially-valuable pieces that may have more worth as jewelry than simply as bullion. 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.

A lot of times the backs of the earrings are gold. Necklace clasps and ring bands often are too. They don’t weigh too much so you may want to sell them all together. This is a bunch of different gold pieces in quantity and can help you to get more money for them.

Mail-in options exist for those wanting to sell gold. Although this process may be easier, you may not earn as much money. They send you an envelope, and you ship the gold to them, then they pay you by check. Remember that these places usually do not pay as much as other places for gold. In a few cases you might get 30% less for a piece, so know that.

Now that you’ve read this article, you know there is a lot to know about buying gold. You can now make a better decision about using gold in your investment portfolio. Use what you learned here to make the best investments in the gold markets.

Get Started In Gold With These Great Tips

The gold market has experienced a great surge in popularity due to difficult global economic times. Are you lacking the education you need to consider gold investing? You can fix that issue right now by reading on.

When selling gold, sell to reputable buyers. Use both Internet reviews and BBB complaints and information to discern someone’s reputation. A buyer with a good reputation is going to give you a better deal for the gold you have, and they probably will have great customer service too. Do your homework in order to safeguard both you and your financial investment.

If you’re thinking of getting gold to help you retire, you need to get the right variety. It has to be IRS approved. Only 24K coins and bullion bars are eligible. Try to buy gold bars more than coins, because they are much more valuable.

You should think about scrap metal if you want to invest in gold without hitting the markets. This is easy to do over time, and can lead to an accumulation of real value in the span of a year or two. Make sure you have a safe place to keep your gold (a safe deposit box is ideal) while you’re collecting it.

Why not get your gold jewelry appraised if you are not too sure about its current value? While you may have to pay a fee, the knowledge you gain will help you in the long run. Make sure you go to an accredited and reliable appraiser to get valid appraisal papers. Remember, though, that you won’t get the appraiser’s price for your gold.

You can get varying prices depending on how you sell it. Private sellers and pawn shops tend to only pay for melt value. You should look for an individual buyer who is interested in the jewelry itself if you want to get a better price.

When it comes to purchasing gold, GoldMoney is a site to consider using. You will own some actual gold, but it won’t be in your possession. You can open an account, fund it and then determine what price you wish to pay for gold allocation. The gold physically sits in a bank vault where you’re able to portion it, cash it, or in certain circumstances, redeem it for one kilo gold bullion bars.

Know what you have. There are many things that look like gold, but are completely worthless. Many times, gold is mixed with other metals to increase its strength. That can make it less valuable. This also applies to pieces that are plated with gold. Having an appraisal done to your gold can help you get the best idea of its actual worth.

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. Real precious metals do not stick to magnets. Sometimes the clasp of a piece is solid, however the rest will be plated. The magnet test is an excellent way to find out.

When at a gold party, talk with the rep about how they make the determination on the karats of the jewelry being sold. Is it based on the stamp? However, if there are no visual indications, there are other ways to determine purity. A way to tell if a gold representative is new and inexperienced is if they use an acid test. This is a simple test used by newer gold dealers.

Be sure you know what everything in your sales contract says. If you are selling gold by mail, this is even more important. This lets you know how much you end up with after any fees are taken off the top.

Before you sell gold, put it in different karat weights. Some buyers will weigh all your gold at once and offer you what the smallest karat weight is worth. You will lose money that way. Before making your trip, have your pieces separated before you walk in.

Since the world has fallen into unstable financial waters, gold has become an increasingly popular investment. Knowing about the gold market will give you a big advantage. Use the information applied in these tips to your benefit when considering the gold markets.

Expert Advice On How To Deal In Gold

The price of gold has been on the rise lately but can fluctuate day to day. The market is always welcoming to precious metals such as gold. The value of precious metals usually increases during financially difficult times. Read this article to figure out the best way to profit from this metal and the market.

If you plan to sell jewelry through mail-in companies, make sure to do your research first. You should find out how long the process takes, and get package tracking and insurance on your package, too. Take a snapshot of everything that you send in the mail for security.

Buy the right gold if you are investing for retirement. It’s crucial that the gold be IRS approved. You want to make sure you buy 24 karat coins or bullion bars. Since gold bars are worth more than coins, it is best to buy them instead.

Take a look at the spot price prior to going out to purchase gold. This information is readily available online. Be aware that it is updated every day. Never pay any more than an 8 percent markup on the gold prices. A few dealers attempt to charge you more than this, but this means they are trying to rip you off.

Licensed Buyers

When selling gold, only work with licensed buyers. Though you still may be taken, licensed buyers tend to be more trustworthy. Many establishments purchase gold, so there is no need to sell yours to the first buyer you deal with.

Don’t ignore thrift stores and antique shops when searching for gold deals. A smart and educated gold shopper can make some great finds. Lots of people sell their items here for low prices, because they are not aware of the value. If you are smart, you can make a great profit.

Be careful when dealing with the gold market. There are many unscrupulous companies out there who deal with gold. A lot of companies and individuals trading in gold rely on taking advantage of unsuspecting consumers in order to increase their profits. For this reason, it is very important to thoroughly research any gold buyer you are considering.

Talk to the BBB before selling your gold to a jewelry store, dealer or gold buyer. You will see if there were any complaints and be able to read reviews from consumers who have conducted business with them. Complaints that have been resolved are actually a good thing, so factor those in as well. If you see that there are a lot of unresolved complaints, you may want to go with someone else.

There are many different companies that you can mail your gold into. Lots of sellers like this because it’s convenient. A prepaid envelope comes to you; you place your jewelry inside and send it back to the company. The price they pay will be very low, though. In certain instances, you might get roughly 30 percent less on the item, so stand guard.

Only buy from a dealer you know. Call the Better Business Bureau to make sure dealers are reputable. By contacting the BBB, you can see if they have any complaints against them. If there have been complaints filed, consider using a different dealer.

As you understand, gold is a constant in the financial world. If you want to make money with gold, you must have a clear understanding of its value in the market. You must also establish clear financial goals to govern your dealings. Cement your standing in the gold market by using the tips above.

Gold Info You Ought To Know About

While the price of gold does not remain stagnant, it is moving upwards in a positive manner. With a precious metal like gold, there is always a market that is ripe for buying, trading or selling. When the economy falters, values tend to rise dramatically. Continue reading this article to learn the basics of the gold market.

Delivery Date

Before you buy gold from a dealer, get a guaranteed delivery date. Be sure you have your delivery date in writing. Immediate delivery is best. You should be provided with the estimated date of delivery. Proceed with the order only if you get this confirmation.

Only certain kinds of gold are suitable for contributing to your retirement fund. Your gold has to be IRS approved. You want to make sure you buy 24 karat coins or bullion bars. Over time, gold bars appreciate better than gold coins.

When selling jewelry, it is important to decide whether it will be sold as jewelry or as gold. You will see that pawn shops and private buyers only pay melt value. However, if you are patient, you will find a buyer who is willing to pay top dollar for your jewelry.

Never pass up an opportunity to search for gold in a thrift shop or antique store. If you understand what to look for, you really can find some great deals. Many people don’t understand how valuable their items are, so they sell for cheaper than they could at these places. If you’re educated on how to make these finds, you can score some great deals.

Be knowledgeable about market prices before you accept someone’s offer to buy your gold. You should shop around to get an idea of what others are offering for similar gold pieces. That way, you will have a good starting point. Ask a bit above it to give room for negotiation.

Before you sell your gold as scrap, it is wise to have it appraised first. This is a good idea if the piece is antique or has an elaborate design. You might have to pay a fee to get this appraisal, but it might bring you profit eventually. Appraisers might be aware of parties interested in your jewelry.

If you’re going to sell your gold to an organization, make sure you look up their BBB rating first. The BBB listing should include basic data about the company, along with details about any complaints made against them. Take a close look at complaints, and look to see if resolution was achieved. If you see many complaints, then you need to find another business.

One way to sell gold is through the mail. Many people prefer this option because it is really easy. A prepaid envelope comes to you; you place your jewelry inside and send it back to the company. Although this method of selling your gold is convenient, you might not get top dollar for your gold. Sometimes, you get paid 30 percent less, so you should be aware of that.

Gold Market

Gold is one tradable commodity that is constant within society. 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. Use this information to get into the gold market.

Gold Advice You Need To Know About

Gold has a value in every market, and has been traded as treasure for as long as it has been around. While we all love gold, we don’t all know how to determine its true value. If you wish to enter the gold market, keep reading to learn more about it.

Ensure that your retirement investments are approved. You want to ensure that it is IRS approved. They must be 24 karat bullion bars or coins. Over time, gold bars appreciate better than gold coins.

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.

Spot Price

When you plan to buy gold, make sure you look at the spot price. The spot price can be found in many places, and it tends to fluctuate often. When going to buy the jewelry, you should not have to pay higher than 8% markup over the spot price. While many companies attempt to charge more, this is simply not ethical and should be viewed with caution.

Comparison shop prior to selecting your gold buyer. It might come as a surprise and you never what kind offers are out there! If you choose to sell to the first buyer, you might get a bad deal. Be cautious and go slow in order to get the best deal for you.

Ask what method is used to determine the purity or karats of your jewelry. Many times you will see the item have a stamp on it. In other cases, there’s no visual evidence and the rep must make the determination by an alternate method. The most simple test involves the use of acid. If the company claims to use that type of test, it may be an indication that they are not as experienced with accurate testing methods.

Make sure to conduct independent research prior to investing any money. There may be individuals that claim to be professional market gurus, but they’re just scam artist that want your investment. Be wary of any claim to help you get rich quick in the gold markets. Avoid get-rich-quick schemes, and avoid being scammed.

Before you sell your jewelry as scrap gold, have it appraised. This tends to be true for pieces that have intricate workmanship and details. Although you will probably have to pay for an appraisal, you might find you have something worth a lot more than you thought. By taking your jewelry to an experienced appraiser, you may also find yourself with a good lead on a potential buyer.

Inquire with the area BBB prior to selling gold items to jewelry stores, dealers or any other sort of buyer. They have rudimentary information about listed businesses, as well as reviews from clients who have traded with them. The key thing to look for is how complaints against the business were resolved. A multitude of unresolved complaints is a good indication you should do business elsewhere.

Never sell some gold just for the sake of doing so. The price of gold fluctuates, which is currently at its record high; eventually it will become an even higher price. The longer you can keep your gold, the more valuable it will become.

To get the most from your gold, learn how to discern the gold’s grade. Gold purity is measured in karats. The higher the karat number, the costlier and more pure the gold will be per ounce. Don’t 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.

As you now know, gold is cherished as a precious metal and traded as a valuable commodity. Investing in gold makes good sense because it not only retains value, but can increase in value over time. Armed with this knowledge, you are ready to start your own gold collection.

Win With Gold With These Golden Ideas

The state of the economy has caused people to both purchase and sell gold these days. Are you lacking the education you need to consider gold investing? You can fix that issue right now by reading on.

Investigate the reputation of any firm you are considering doing business with. Look them up using the Internet and the Better Business Bureau to find reviews. Reputable buyers usually pay fairly for gold, and they often have much better customer service versus the less reputable ones. Don’t let yourself be taken advantage of.

You should think about selling gold over the Internet. You don’t need to have a physical store location anymore. You can find a lot of websites to sell gold. Such sites will send kits in which you mail back your gold. As soon as your items are verified, you receive an appropriate payment.

If you’re selling gold through a mail-in service, do your homework on the company and its policies before you make a commitment. Be certain you have a clear understanding of the timeline involved, and make certain your jewelry is insured. The final step is to take photos of your jewelry, just to be sure you can fight any future problems that may occur.

Ensure that your retirement investments are approved. The gold has to be IRS approved. It has to be in the form of 24-karat gold bullion or coins. If you can, purchase bars rather than coins since they are more valuable.

You should think about scrap metal if you want to invest in gold without hitting the markets. You can buy a little at a time, building up a stockpile. This will not break the bank. Make sure you have a safe place to keep your gold (a safe deposit box is ideal) while you’re collecting it.

If you choose to sell jewelry or scrap gold, shop around. While the market quotes a price, not all companies actually pay close to that price. Stores that aren’t in big shopping malls tend to have much lower rent and may pay more.

Research how the gold market is doing before investing. Some people will make false claims to try and get you to invest. You must be extremely careful about any promises concerning getting rich quick. Keep that in mind, and you’ll go into it with realistic expectations.

Read each form thoroughly when meeting a gold dealer. This business is about the dollar signs, and you must recognize this. You need to know what you are signing. If any of the conditions are not to your liking, try another dealer. It’s better to walk away and find another deal than run any risk to your personal information or financial wellness.

Gold Market

Gold is usually a safe investment but this precious metal can also be volatile. If the thought of volatility and constant changes is a turn-off, perhaps the gold market is not for you. If you can, try to reduce your downside risk. Because of the volatile market, only a small amount of your portfolio should be invested in the gold market. 5% is a good amount.

Research any buyer before you decide to purchase any gold. If you plan to mail the gold out of state, this is even more important. Companies that buy gold ought to be listed with your local BBB, where you are able to find out if complaints are filed against a company.

Gold investing has gained in popularity recently, most likely due to the global problems in financial security. Having a good understanding of both the buying and selling of gold is a great way to take advantage of the gold markets. Soon you will be an expert in the subject of gold.

Make Money In Gold With These Nuggets Of Knowledge

As long as you have access to accurate, sound information, you can certainly find success in your efforts to trade gold. If you are thinking of becoming a gold investor, continue reading. If this is the case, then read on for some necessary advice about gold trading.

If the gold price is not to your liking, perhaps going with gold-filled or gold-plated jewelry is something to consider. It is very possible to buy real gold without spending a lot of money at a jewelry store. Try visiting a pawn shop or looking online instead.

When you buy gold for another, make sure it has a return policy. People’s tastes are different and you don’t know the whether the person will like what you buy. If you have the receipt, they can easily trade in the piece for something more to their liking.

Melt Value

When selling jewelry, be aware that most gold buyers will only pay you on the melt value. Most buyers will offer you just the melt value for your gold. It may take longer to find the right buyer, but you will get more money this way.

Even though gold buying can be thrilling, try not to talk much about it. You can’t be sure who’s listening or who is trustworthy. Make sure that your investment is kept private and kept safe. This ensures that you retain your gold and that it is safe regardless of the circumstances.

Figure out what you’re really in possession of. Not everything that looks like gold is worth its weight in it. In many cases, additional metals have been mixed with the gold to strengthen it. This can make the price a lot lower. Gold plated items are subject to this too. If you are not certain about what you have, an appraisal before selling is wise.

Shop around before you decide which gold buyer you will use. You may be surprised at the differences in the offers that you’ll get! Going to different places will allow you to weigh your options and go with the best deal. It can also help you to negotiate if needed. Putting in a little time at the beginning can mean maximum cash in the end.

You can use a magnet to determine the authenticity of gold. If the piece is real gold, the magnet will not be attracted to it. In some cases, only an item’s clasp is solid gold, while the remainder is merely plated. Using a magnet is an excellent way to find this out.

Never sell gold to a dealer or store with checking their ratings with the BBB first. Here, you will find information regarding the business, as well complaints and reviews from people who’ve dealt with them before. Keep a close eye out for any complaints not fully resolved. Businesses that have many unresolved complaints should be avoided.

As you’ve seen, nearly anyone can enter the gold market. If you hesitated in the past, these tips should help you feel more comfortable about it. Invest confidently in gold using these tips. Get your feet wet and begin growing your wealth today.

Gold Info You Ought To Know About

Gold markets are very hot today. To do well in gold trading, it is vital that you do your homework first. This article will help you begin your journey to gold investment profits.

Don’t rule out getting gold items from thrift stores or antique shops. When you know what to search for, you can find great items in these places. Often people do not realize the value of old jewelry and simply donate it or put it in a garage sale. If you know what you’re doing, you can make the money they did not.

Do your research before selling gold. Compare the prices offered by different buyers. That way, you will have a good starting point. Ask for more than you are happy to accept so that the buyer has room to negotiate the price.

A fast, cheap way to test for gold’s authenticity is to use magnets. If the piece is real gold, the magnet will not be attracted to it. In some cases, jewelry may have a clasp that is made of gold, but the rest of the jewelry piece is made of plated metal. The magnet test is an excellent way to find out.

You do not have to physically own gold to invest in it. Mutual funds and ETF’s, as well as gold mining stocks, are avenues of gold investing. If you decide that you wish to own physical gold, be mindful of the security costs you will be paying for storage.

When you are dealing with a particular gold dealer, be sure you pay attention to all forms. Gold is a huge business that makes a lot of money. Know exactly what you are putting your signature on. If you aren’t a fan of the terms, go somewhere else. Sometimes this is right thing to do to protect your interests.

Great news for gold owners: gold has gone up in price over 400 percent in the last decade. Whether it’s the right time to invest in gold is not certain and depends a lot on the value of the dollar. The weaker the dollar is, the stronger gold prices are.

To invest in gold pieces intelligently, educate yourself on testing for grade. The term, karat, is used to refer to the purity of gold. A higher number indicates a higher degree of purity and, therefore, a higher price. You cannot rely on the stamp with the karat. If you know how to test gold’s purity, you will never be overcharged.

You can invest in gold by purchasing beautiful gold jewelry. This type of item can be an investment in addition to being something you can enjoy. High end jewelry also increase the value of this type of investment.

Gold Coins

A great way to acquire gold is to buy US gold coins minted before 1933. Before 1933, gold coins were circulated just like any other coinage, but then President Roosevelt recalled them. Many people chose to keep the gold coins rather than turning them in and they are sold still.

The economy failed us, so now gold is there to help us invest safely. You are just one of those who want to know more. By using the things you learned here to deal with gold, you will find yourself to be successful.

Find Success In Gold With These Gems Of Tips

Gold has been long adored as a bauble and an investment, and the recent state of the economy has only added to is appeal as both. If you want to get into gold investing, then you are about to read a great article. Keep reading to find some wonderful ideas.

When you invest in gold, it is a good idea to go with buillon bars. They come in varying weights. You can find bars weighing anywhere from a half of an ounce, up to four hundred ounces. If you want a 400 ounce bar, you may have a hard time finding one.

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 are selling gold, sort it by karat so that it can be valued separately. A designer piece, however, shouldn’t be sold because the item as a whole could be worth more than just the gold.

Find out what the terms are before mailing off your old, broken jewelry. Be sure you find out when you will receive payment, and buy insurance for your package, too. Take a photo of all the items you are sending so there will be no questions later.

Check the price when you are buying gold. Many sites offer this information, plus it changes every day. When purchasing, don’t pay greater than 8% markup above the spot price. While many companies attempt to charge more, this is simply not ethical and should be viewed with caution.

Try using GoldMoney to buy gold. Think of it as a bank account that deals exclusively in gold. 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 itself is in a vault at a bank, and you can cash it or redeem it for gold bullions.

When dealing with any gold buyer, make sure you shop around before making any final decisions. You’ll be surprised by all the different offers you’ll get. If you stick with your first buyer, you could get a terrible deal. Be cautious and go slow in order to get the best deal for you.

Talk with a gold expert on how they go about attaching a price to a piece of gold, so you know how much a karat is worth. Many times, the items are stamped. A visual cue may not be available so other methods are used to figure it out. If you see the gold buyer performing an acid test, this is probably somebody who is inexperienced in this market.

Karat Weight

Gold should be separated by karat weight before sale. When you get into the weighing process during the sale, the vendor may try and trick you by weighing everything together at the lowest karat weight. This will result in you receiving less money. The way around this is to present the gold to the buyer pre-separated so that you get fair market value for each piece.

Most people realize how important gold is when it comes to warehousing and solidifying wealth. Since the economy has faltered in the last several years, we are now seeing a rise in people participating in the gold market. Hopefully, the ideas and advice within this article are a good resource you get to use to bulk up your wealth with gold investing.