Author Archives: Ashley Whitfield

Use These Ideas And Increase Your Gold Knowledge Today!

Even though gold prices fluctuate over time, you can normally count on them to rise. You can always find a market for gold and other precious metals. Values of such precious metals often skyrocket during times of economic uncertainty. Continue reading to learn how to invest in gold.

The price of gold changes often, so you need to know the value of your gold before attempting to sell it. When selling gold, be sure that items of differing karat values are weighed separately. A designer piece, however, shouldn’t be sold because the item as a whole could be worth more than just the gold.

Only deal with reputable buyers. You can find out if they’re trustworthy by looking at the BBB reviews. Good customer service and fair market prices are good indicators of reputable buyers. You have to protect your investment as well as yourself.

Understand that any item containing gold carries value with gold dealers. Decorations, flatware, broken jewelry, anything you have with real gold content is potentially valuable. It doesn’t have to be all gold either. A gold plated item or an item that is not entirely made from gold is still valuable. It’s still possible to make money this way.

If you don’t want to worry about storing, shipping and insuring your gold, consider buying GoldMoney instead. This is the equivalent of establishing a gold bank account. You simply establish your account, deposit funds and receive an assignment of gold that fits the value of your account. The gold itself is in a vault at a bank, and you can cash it or redeem it for gold bullions.

You may even be able to find old gold at thrift shops or garage sales. When you know what to search for, you can find great items in these places. Many people do not realize what they have and sell it or donate it to these shops. If you conduct research, their loss can turn into your gain.

Know what you actually have in your possession. Everything that appears to be gold isn’t worth its own weight in it. Sometimes other metals might be mixed into gold to make it stronger. This will lower it’s worth. This also applies to pieces that are plated with gold. If you don’t know what you have, have it appraised before trying to sell it.

Comparison shop prior to selecting your gold buyer. You never know what kind of offer you will receive! By picking the first dealer, you could get a horrible deal. Take a little bit more time at first so you’ve got the maximum return on your gold investment.

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. In most cases, gold will be stamped with the karat it is made with. However, there are some times when there aren’t visible signs, so the reps have ways to determine it. 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.

As you likely know, our economic system weighs itself against gold. Thus, if you want to benefit from trading in gold, you need to fully understand how to best use it to your advantage. Use what you’ve just learned to find your pot of gold.

Golden Advice On Dealing With The Ultimate Commodity

Investing in gold can be a great way to become financially secure. This can be true if you know what you are doing and invest wisely. The information below is an introduction that offers expert advice about gold.

Bullion bars are an excellent investment. Bullion bars come in a variety of weight. Smaller pieces are as little as half an ounce, while others reach hundreds of ounces in size. Be aware that if you are looking for the biggest bars, you will have a difficult time locating them.

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. Check with business groups and read online reviews. See how fairly treated former customers feel. Check for offers through different buyers to make sure you get the best price for your gold.

If you plan to mail your gold jewelry to a firm, do some research on them and their policies before you do so. Be sure you figure out when you’ll get sent a payment, and be sure things are insured too. Be sure you capture photos of everything you put in the mail.

Gold Coins

If the gold you are purchasing is an investment in your future, you must be aware that there are certain kinds you should target. The gold has to be IRS approved. Gold for this purpose must be bullion bars or gold coins of 24 karat weight. Because they hold their value, buy gold bars instead of gold coins.

Compare different gold buyers if you want to sell some gold jewelry or gold scraps. Many stores will charge a higher rate than the posted spot rate for gold. Some stores outside of busy urban areas do not have to pay as much on rents as stores located in a shopping mall and will offer a better price.

Take a look at the spot price prior to going out to purchase gold. Many sites offer this information, plus it changes every day. When you actually make your purchase, refuse to pay more than 8 percent more than this price. Some dealers charge more than that, but it is a rip-off.

Never sell your gold to someone who does not have the appropriate state licensure. You could still have a problem, but licensed buyers are more likely reputable. There are plenty of buyers for gold, so do not think that you must make a sale to the first buyer that you meet.

GoldMoney can be helpful when purchasing gold. It is almost like opening a bank account for gold. Set up the account, deposit some funds, and you get gold at the price that correlates to the account. The gold remains in the bank until you sell it.

Be knowledgeable about market prices before you accept someone’s offer to buy your gold. Look around to understand what people are asking for similar pieces. This will help you figure out a good price point. Ask for more than you are happy to accept so that the buyer has room to negotiate the price.

How does the seller know what the karat rating is? The item is stamped, a lot of times. There are ways to determine a piece’s purity if no stamp is present. 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.

You aren’t likely to turn a big profit right out of the gate, but this article will mean steady success into the future. Smaller goals will easily be reached as time passes. Take your time to get more out of it and be sure to enjoy it.

Wondering How To Get Into The World Of Gold? Try These Tips!

There can be no denying the fact that gold has taken on an impressive new popularity since the economic meltdown of recent years. While investors frequently rely on gold as a means of securing their futures, few are knowledgeable about the best way to do so. The article below will help you get started.

It is always a smart idea to have more than one appraisal when you are considering selling gold. Different places that buy gold will have different price ranges to offer. When you seek more than one estimate, a fair price is going to be more attainable.

Gold bars are the most economical choice for investment purposes. There are numerous sizes available. You’ll see them as four-hundred ounces or even a half ounce. If 400 ounce bars interest you, know it will be hard to find them.

Purchase Gold

You may think that solid gold jewelry is too expensive and choose to purchase gold plated or filled jewelry. But, it is still possible to purchase gold jewelry without having to go to a jewelry store and spend a fortune. Visiting flea markets and pawn shops can help you to get the very best price.

If you’re clueless about the value of your gold jewelry, have it appraised. Although you’re spending some money up front, at least you’re getting fair market value for your items. Find a reputable appraiser, however, to visit. When you sell, you won’t get the whole appraisal value, though.

When considering mailing your gold away for sale, be certain you know how much return mail will cost should you change your mind. The majority of companies pay for you to send the jewelry to them, but they charge high fees to return it to you. You should be well aware of what this could cost in advance.

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. Many individuals, pawn shops and jewelry stores are interested in buying gold. Be picky about your buyers.

Prior to picking a gold buyer, comparison shop. You might be amazed by the variety of offers received. If you select the very first buyer you encounter, you may get a terrible deal. Take your time so you can make the greatest return on your gold.

Talk to a rep at a gold party to see how they figure out the number of karats in a jewelry piece. A lot of the time you’ll find a stamp on the item. However, you may see no sign at all but there are ways to determine its value. Acid testing is a very simple method, so if a representative is using this, they might be new.

Never sell gold to a dealer or store with checking their ratings with the BBB first. You can find out about certain businesses and experiences so that you can move forward from there. Take a close look at complaints, and look to see if resolution was achieved. If the purchaser has any unresolved complaints, steer clear of them.

Gold has been important and popular for many years. When one has the proper knowledge, gold can be used as an important tool for financial protection. Hopefully, this article has offered you some helpful information.

The Best Gold Information You Will Ever Find

If you are looking to invest in the gold market, you have made a smart decision that can help round out your portfolio. It’s important to understand exactly how to invest wisely before beginning. Read on to learn more on the many benefits of investing in gold.

Gold bars are the most economical choice for investment purposes. They are available in various weights. Bars may be a half ounce, 400 ounces or anything in between. The 400 ounce bars are generally hard to find.

If you’re thinking of getting gold to help you retire, you need to get the right variety. It has to be IRS approved. That means only 24 karat and only coins or bullion. Consider buying bars instead of coins, since they tend to be more valuable.

Only make a sale to buyers who hold a state license in buying gold. Licensed buyers are much more reputable, and then you can stop worrying. There are various people and stores that can buy gold, so do not think that you must go with the first one you encounter.

Don’t rule out getting gold items from thrift stores or antique shops. You can find gold in unexpected places, but you have to know what to look for. Many people sell or donate at these shops for low prices due to being unaware of what they own. Their loss can be your gain.

Be sure you know about the gold in your possession. Not everything that looks like gold is worth its weight in it. Quite often, other metals are mixed with gold to give some strength to the metal. This results in a price reduction. This is also true of items that are just plated. If you aren’t sure what you’ve got, you should get it appraised before you sell it.

Before you try to sell any gold items, you’ll need to separate the pieces depending on the karat weight. Weighing the items separately ensures you get the true value its worth, but some sellers won’t do this. You will get significantly less money that way, and the dealer gets more. Instead you should go in with pre-separated piles to make the biggest return.

It is possible to sell your gold online and send it to a different state. A lot of sellers enjoy doing this because it’s not hard. Simply receive your prepaid envelope, place the gold inside of it, ship it and wait for your check. The price of this convenience, though, is that you will be paid considerably less for your gold. You can lose as much as a third of the value.

Investing in gold has significant profit potential, but it’s not for the faint of heart. If you can’t handle losing money, this is not the investment for you. However gold is perfect for long term investments. Invest only a tiny percentage of your portfolio in gold. Many experts say that no more than 5 percent of your assets should be devoted to gold.

Gold has gone up in value over the years and that’s great news for those that have invested in gold. One of the most important determinations of gold values is the relative value of the dollar. Weaker paper currency equates to a stronger gold market.

With luck, this article has helped you learn whether gold is something that can help your future. It’s a good investment that can help tide you over beyond your current retirement funds and other types of investments. Find out why gold is so popular as an investment, and learn how the various choices differ in risk.

Gold 101: Tips And Advice For Buying And Selling

With the current state of the economy and value of the dollar, many people are investing in gold. This article can help you learn about the different ways to invest. Keep reading for more helpful advice.

Think about selling your gold online. You don’t have to go to a physical location to sell gold any longer. There are plenty of websites out there you can use to sell all your gold. 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.

Melt Value

When selling any gold, you have to decide if it will be as jewelry or for its melt value. Most pawn shops and gold buyers will purchase your gold jewelry 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 you plan to buy gold, make sure you look at the spot price. The spot price is readily found on the Internet. When going to buy the jewelry, you should not have to pay higher than 8% markup over the spot price. Occasionally an unethical dealer may try to overcharge their customers.

Use GoldMoney to buy gold. It’s like opening a bank account, but for gold. You simply establish your account, deposit funds and receive an assignment of gold that fits the value of your account. While the gold itself physically remains within a bank vault, you can deal with it as you see fit.

Be cautious with the gold market. There are many unscrupulous companies out there who deal with gold. There are individuals who will not hesitate to take advantage of you if you give them the opportunity. That’s why you must do your research and be careful.

Do not invest in any market before you have done your homework. There are those who say they’re market gurus and want you to invest with them. However, you need to be very careful when it comes to promises about making you rich. Avoid get-rich-quick schemes, and avoid being scammed.

Read all the fine print when you are going through a gold dealer. This business deals with large amounts of money. You have to protect your investment, too. If you don’t agree with their terms, find another dealer. It is worth it, sometimes, to protect your finances.

If you are looking to buy reasonably priced gold, ask your family if they have discarded jewelry they would consider selling. Purchase a quality jewelry scale, figure out the weight of the jewelry they are willing to sell and offer them a good price. You will end up paying them more than they would get from a pawnshop, and you will make a profit.

Know what your goals are before you invest money in gold. Gold might be a great investment, but it’s also a very volatile one. As long as you establish limits regarding exposure and make certain your goals are clear, you stand a good chance of doing well.

Gold is a great tool for investing wealth. With an uncertain economy in these recent years it has become more popular. Hopefully, you find the advice and suggestions from this article beneficial in helping you build solid wealth through gold.

Want To Make Money In Gold? Read These Tips.

Every day we see rises in the price people are willing to pay for gold. If you’d like to enter this great market, know that you can eventually sell and buy gold like big-time investors. By following the tips presented here, you can earn a good profit selling gold.

Get several opinions about the value of your gold piece before you put it up for sale. Gold buyers include all types of businesses ranging from jewelers to online companies. Nearly every one has different profit levels that they must maintain. By getting multiple estimates, you can be assured that you will get a fair price when you sell.

Research several gold buyers and compare them to obtain the best price for your gold. Check for online reviews and reports from the BBB and see how these dealers resolve complaints from their customers. Check for offers through different buyers to make sure you get the best price for your gold.

Schedule for a proper delivery before buying gold from any seller. To ensure timely delivery request a confirmation on the shipping date. Their expected delivery date should be indicated. Proceed with an order only if this information is forthcoming.

Look into buying scrap gold if you can’t afford to get into the bigger market. Use the capital you have and purchase what you can and add to it as money becomes available. Keep it inside a safe location until you get enough to cash in.

Check gold prices on the day your are buying or selling gold. Many websites update this information daily. As you prepare to make a purchase, it is best to avoid any price with a markup of greater than 8 percent. Anything more is unethical.

Know exactly what you have. Even though the item looks like gold, it may not have much value. Often, you will find other metals mixed into the gold in order to strengthen the item. These metals can reduce the value of gold. Gold plate is also not very valuable. If you don’t know what you have, have it appraised before trying to sell it.

Fine Print

Go over the fine print of the contract offered by your buyer. If you are going to sell gold pieces to a mail-in buyer, look at the fine print prior to selling to them. This lets you learn the amount of proceeds you need to pay for fees and commissions.

You do not 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 choose to purchase actual coins or bars, take into account the cost of secure storage of your gold.

You can sell gold by sending it in the mail. This does not involve posting any advertisements or going into different shops. You get a mailer that is prepaid, place jewelry inside and send it, and you get a check. But, keep in mind that you may not get as much money this way. Sometimes, you get paid 30 percent less, so you should be aware of that.

When you make a transaction with a gold buyer or seller, make sure you understand all the terms. There is a lot of money in gold and some unscrupulous brokers out there. Make sure you completely understand the contract you are signing. If you’re not comfortable with any terms, pass on it. It’s better to walk away and find another deal than run any risk to your personal information or financial wellness.

Now that you have read through this article, ideas for selling, trading or buying gold should be bouncing through your head. No matter the direction you take with gold, hard work always pays off. Put the above tips to use if you want to be properly prepared.

Wondering What All The Fuss Over Gold Is All About? Check Out This Advice Today!

The value of gold keeps increasing since more people see this precious metal as a safe way of solidifying their wealth. If you wish to get a lot out of working with gold, then you’ll find this article to be useful. Read on for helpful advice.

Bullion bars might be the best gold investment you can make. There are numerous sizes available. They can range from a half an ounce to bars that weigh four-hundred ounces. However, you may have a hard time locating bars that weigh four hundred ounces.

If you plan to sell jewelry through mail-in companies, make sure to do your research first. 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.

If you’d like to leap into the world of gold investing without having to pony up a large amount of money at the start, buying scrap gold may be the right tactic for you. Do this regularly over a certain length of time, and in 12 months or so, you would have accumulated a good amount. Protect your gold until you can sell it.

When looking to sell gold and you’re not sure of the value, look at getting it appraised. This adds an up-front cost, but it could save you a lot of money later. Use an accredited appraiser for best results. However, do not expect to receive the exact amount suggested by the appraisal when you sell the gold.

If you take jewelry or scrap gold to local companies that will pay for it, shop around. The current spot price for gold is considered as a national standard but not all buyers will offer this price. You might get a better deal at a store not in a major shopping mall, since their overhead and rent is lower.

If you plan to mail your jewelry, be sure that you find out how much the return postage will cost if the price offered you is too low. They may not charge you to send it to them, but they could gouge you to send it back. Know ahead of time if you must pay to get jewelry back.

Never pass up an opportunity to search for gold in a thrift shop or antique store. You can find bargains in these places. Many people sell or donate at these shops for low prices due to being unaware of what they own. You can benefit from the seller’s loss if you research a bit.

Know what you have when it comes to gold. Not all pieces that appear to be gold are worth their weight in gold. Often, you will find other metals mixed into the gold in order to strengthen the item. This can make the price a lot lower. Many items are only gold plated. Have your pieces appraised before sale to determine their value.

Almost everyone knows how gold has played a role in the accumulation of wealth. The decline in the economy has made gold even more popular. Use the information from this article as a valuable resource to help your build your wealth.

Fantastic Tips About Gold That Are Simple To Understand

In these trying economic times, gold has become very popular. In the rough economy of recent years, there are a large number of investors who have looked at gold as a way to keep their money safe. But, it’s important to know more before trying it. Find out how to get the best return on your gold investment.

Changes in the current price of gold will affect the price you will get. Weigh your gold by karat for the greatest deal. Don’t sell jewelry that’s worth more than its melt value because of its designer origins.

Verify the market price before selling your gold jewelry. This way you will already know what to expect for your gold. Lots of dealers offer market value, though some try to take advantage of the sense of urgency felt by sellers needing fast money.

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. It’s almost impossible to determine the value of your gold jewelry just by looking at it. In those cases, you should return the jewelry for a refund.

If you want to unload scrap gold pieces or jewelry items for cash, do your homework first. Even though the market “spot” gold price is the national standard, not all stores will pay it. You might get a better deal at a store not in a major shopping mall, since their overhead and rent is lower.

Make sure that you only deal with buyers that are licensed to deal in it. Licensed buyers will probably be reputable. There are various people and stores that can buy gold, so do not think that you must go with the first one you encounter.

When you sell your gold, make sure you verify the market price that day. Research the selling price of pieces similar to yours. That way, you will have a good starting point. Always see if you can get a little more than they’re asking if they allow you to negotiate.

Talk to someone at any gold party to determine how they decide a piece’s karats. In most cases, the item is simply stamped. Sometimes, however, there is no visual sign, so many representatives have other methods of figuring it out. Acid tests are an easy way to determine value.

Make sure to conduct independent research prior to investing any money. So-called market experts may really be trying to grab your investment resources with little benefit to you. But, beware of over the top promises about getting wealthy. Don’t think of it like a get-rich-quick scheme to avoid false expectations.

Do not sign anything from a gold dealer without fully understanding what it implies. Gold is a huge market that has some serious money involved in most transactions. You need to know what you’re signing. If any of the conditions are not to your liking, try another dealer. At the end of the day you are the one who stands to lose financially.

The appeal and value of gold continues to gain strength following the global economic slump. Nearly anyone can buy and sell gold. Gold acts as a hedge against inflation and tends to do well in tough economic times. With any luck, readers will find much value in the tips found above.

Great Tips On Gold: Buying And Selling

Gold has been used for centuries as a form of money. Learn more about making gold work for you by perusing these tips. Keep reading for more helpful advice.

Get your gold valued by multiple sources. There are many places where you can buy and sell gold, and they all use different metrics to decide on price. If you’re able to work with a couple of different places, you can see if you’re getting the best deal.

When it’s time to sell off gold, you should always deal with trustworthy buyers. You are able to find out more about their reputations with the local BBB and through online reviews. Reputable buyers offer great customer service along with fair prices. Research helps protect you and your investment.

It is crucial that you have a solid idea about how the gold and precious metals market works. The value of gold tends to fluctuate, which is why it is important to understand the market trends. Also be ready to pay increasingly higher percentages above melt values for any gold pieces that are fractional. These include 1/10, 1/2 and 1/4 ounce pieces.

Gold Online

Try selling gold online. You don’t need to have a physical store location anymore. There are many places to sell gold online. These sites will send you kits in which you can send them your gold items. If you have everything together, then you will receive the going rate.

Consider delivery time when buying gold. Always get a timeline in writing of when your gold pieces will be delivered if immediately delivery is not provided by the seller. There should be a date listed for when you can expect them. Don’t go through with the order if they can’t provide you with the delivery date in writing.

Verify the market price before selling your gold jewelry. This way you will know if a dealer is offering you the proper amount for your items. Although there are many honest gold dealers out there, there are also those who will try to offer you much less than it is worth.

Before you mail off your gold, make sure that you understand the polices, fees and terms of the company you are dealing with. Make sure you know when payment will be sent to you and insure your package as well. Take a photo of all the items you are sending so there will be no questions later.

Get an appraisal if you have no idea what value your gold holds. Even though it is an extra expense, it can be well worth the investment. Make sure you go to an accredited and reliable appraiser to get valid appraisal papers. Also keep in mind you usually won’t get the full value if you do decide to sell the gold.

If you take jewelry or scrap gold to local companies that will pay for it, 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.

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. The clasp may be solid gold, but it’s possible that the piece is almost entirely gold-plated. This method is good test for that.

You don’t have to own gold to invest in it. Stocks in gold mining or gold based mutual funds are two such alternatives. If you opt to buy gold coins or bars, you should consider how you will store your gold.

Get to know any dealer you’re going to buy gold from. Call the BBB or visit their online website to get assistance in finding a reputable gold dealer. In this way, you can check reviews, experience, complaint resolution and more. If so, think about using someone else.

Most people realize how important gold is when it comes to warehousing and solidifying wealth. A lot of people decide to invest in gold in order to secure their savings. Use the information from this article as a valuable resource to help your build your wealth.

Gold Information You Probably Did Not Know About

Commodities are key to a diverse portfolio. In addition, gold is single-handedly the best commodity there is. If you are planing for your retirement or simply want to generate some investment profits, this piece is for you.

It is always a smart idea to have more than one appraisal when you are considering selling gold. Venues that buy gold will only pay you a percentage of what your gold is worth in order to make a profit. By seeking multiple estimates, you are able to determine whether an offer is truly fair.

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 choose to sell any gold, keep in mind that pieces that have different karat values need to be valued and weighed separately. Never sell any jewelry as gold scraps that’s worth more than the gold itself due to the designer.

While you may be very tempted to quickly send off your old gold scraps and jewelry to a business that buys gold through the mail, do your homework about the company first. You should be clear about when you can expect to be paid. Insuring your gold shipment is a good idea, too. The final step is to take photos of your jewelry, just to be sure you can fight any future problems that may occur.

If you are looking to gold as a retirement vehicle, be certain you invest in the proper kinds of gold. Gold needs to be IRS-approved. You need to buy only 24-karat bullion coins or bars. Bars typically are more valuable than coins are.

Have your jewelry appraised before selling it if you are unsure what it is worth. This requires a bit of an investment, but it is worthwhile. Make sure to choose an accredited appraiser from an independent shop to receive the most accurate appraisal. Even if you still choose to sell, do know that you aren’t going to get the appraised value.

Be sure to select carefully when considering taking your gold to a pawn shop or jeweler for sale. Some stores won’t pay the market price of gold, and it’s up to you to realize this. Stores that are not near shopping malls may have lower overhead and are able to pay more.

Figure out what return shipping will cost if you don’t like the offer the mail order gold buyers are willing to give you. A lot of companies say they offer free shipping, but if you refuse their offer they charge a great deal. Know beforehand how much you would have to send in order to get your pieces back.

No matter the excitement gold buying brings, do not spread the word. You can’t be sure who’s listening or who is trustworthy. Keep investments private and guard them in a quality safe or in a bank. That will ensure that a home robber doesn’t get away with it.

Now that you’ve come to the end of this article, you know a few things about gold. Apply the tips you’ve just been given. Keep all of this in mind to succeed with gold.