Category Archives: Philanthropy

The New Gold Rush: What You Should Know

In these trying economic times, gold has become very popular. Today lots of people turn to gold as a way of safeguarding their wealth; however, it’s important to know how to invest wisely. This article will help anyone and everyone learn about the market.

Get several opinions about the value of your gold piece before you put it up for sale. Many jewelry stores and gold buying services are available, and they will all usually take a different profit on the gold they are purchasing. You’ll get a fairer price if you’ve gotten a few estimates.

Learn how precious metals are priced before you trade in gold. The prices for precious metals go up and down from one day to the next. Therefore you must find the price on the exact day before you agree to do business with someone. You might need to pay a higher percentage for melt values such as 1/10, and 1/2 fractional pieces.

Before you buy gold from gold sellers, ensure you have scheduled a quick delivery. If your seller doesn’t give you an immediate deliver, get it in writing confirming when you are to expect your piece. The date of arrival should be something you can see listed. Do not complete the order unless you have this in writing.

Check the current price in the gold market before you sell your jewelry. This will indicate whether you’re getting a fair price or not. Lots of dealers offer market value, though some try to take advantage of the sense of urgency felt by sellers needing fast money.

If you’re thinking of mailing off some jewelry to someone, you need to be sure you do your research first. Ensure you understand the reimbursement terms, and don’t neglect to purchase postal insurance for the package. Take a photo of all the items you are sending so there will be no questions later.

Be sure to select carefully when considering taking your gold to a pawn shop or jeweler for sale. The “spot” price for gold is determined by a constantly fluctuating market, so not every store is going to pay it. The overhead of the store involved may determine how much or little they are able to offer.

When selling jewelry, it is important to decide whether it will be sold as jewelry or as gold. Most pawn shops and gold buyers will purchase your gold jewelry for melt value. If you’re prepared to put more effort into locating a buyer, though, you may make more by selling your pieces as jewelry.

Spot Price

When you decide on buying gold the first thing to do is look at the spot price. Many sites offer this information, plus it changes every day. When going to buy the jewelry, you should not have to pay higher than 8% markup over the spot price. Some sellers try charging more, but that’s overcharging, which is generally unethical.

When sending off your jewelry, you need to consider the shipping cost to you if you’re not satisfied with the offer given. Many companies offer free shipping; however, they may charge shipping for returns. Know what you’re up against before you mail anything away.

In recent years, gold has become more popular than ever in response to economic turmoil. It’s important to know how to invest in it properly, but investing has many advantages to anyone who is looking to invest in something that isn’t volatile at the present time. This article has given you tons of advice, so make use of it.

Getting Your Gold To Work For You

Today, just as in other times of financial challenge, gold is a sound and solid investment. This article will help you learn more about the gold market. Read on for some priceless advice.

Make sure that you get a quality estimate from a reputable source before selling your gold. There are many places to get this done, and some will pay you more than others. You can be certain you’re getting the best deal by shopping around.

Changes in the current price of gold will affect the price you will get. Different karat values will be valued and weighed separately when selling your gold. Stay away from selling high-end jewelry pieces because they have more value.

Stick with a reputable buyer when selling your gold. Get with the Better Business Bureau or check out reviews online if you’d like to learn about someone’s business. Reputable buyers usually pay fairly for gold, and they often have much better customer service versus the less reputable ones. Make sure that you protect both your investment and yourself.

Try selling gold online. You no longer have to go to a store to sell your gold. Just visit a reliable website that will buy your gold. The site will mail you a kit for mailing in your items. If everything is okay, they will pay you whatever their current rates are.

Always make delivery arrangements before purchasing gold from a vendor. Delivery times are important. To ensure timely delivery request a confirmation on the shipping date. Your expected receive date should be listed. Do not complete the order unless you have this in writing.

Do your research and know what the latest gold price is before you sell your jewelry. You can then discern whether you are getting the right price for your jewelry pieces. 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.

Know that anything that has gold in it is sellable to a gold dealer. This could be jewelry pieces which are broken, home decor, tableware or any other gold items you have around. Note that these items need not be pure gold. Even something partially gold or just gold-plated might mean money. You still stand to make a fair amount of money selling it.

You need to only sell your gold to buyers that are licensed. Licensed buyers will probably be reputable. Never sell without doing research and verifying the dealer is licensed.

There are other ways to invest in gold other than physically owning it. Buying gold-focused mutual funds and stock in companies that mine gold are other options for investing in gold. If you want to get physical gold, factor in the cost of storage in a secure location.

Although gold can be a lucrative investment, it can be volatile. If you’re not ready for a roller coaster ride, gold investing is probably not for you. Even if you are okay with taking the risk, you need to prevent downside risks. You should invest only 10% of your portfolio in gold. Usually five percent is good enough.

Understand that you’re more than likely not going to receive true value for the gold. Just like any other business, gold dealers are in it to profit. Since they need to earn money in order to survive, they need wiggle room in the price they offer. Offers of 50% to 70% of the actual value are commonplace.

Just about everyone recognizes the role gold has always played in solidifying and warehousing wealth. A lot of people decide to invest in gold in order to secure their savings. With any luck, the tips and advice found above should provide you with a resource you can use to continue building wealth with gold.

Learn All About Gold With These Tips.

You can turn your dreams into realities if you begin investing in gold. With the right information, you might be surprised at just how much money you can earn. You can be on your way if you follow the advice and tips below.

Knowing the current market value of gold is important prior to selling or buying it. Doing so will help you figure out if a dealer’s offer is a good one or not. Though many deals will provide you with its true value, others will try to deceive you so they can get a better deal for themselves.

Fully research any buyer that you’re considering sending jewelry to through the mail. The last thing that you want to do is lose money because of a flawed shipment. Also you need to be sure to photograph everything you’ve put in your package in case they start a dispute.

If you have an interest in getting into the gold markets, but don’t have a lot of investment capital, consider buying scrap. 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.

If you take jewelry or scrap gold to local companies that will pay for it, shop around. Many stores will charge a higher rate than the posted spot rate for gold. Look for stores off the beaten path as they often have lower overhead and better deals.

Spot Price

The day that you plan on buying gold, check its spot price. The spot price is readily found on the Internet. When you do buy, avoid more than an 8% markup. Some dealers will try to charge more, but they are overcharging and oftentimes, not ethical.

While buying gold is extremely exciting, you need to keep it quiet. Anyone could be listening at any time, and you cannot trust everyone. Protect your investment in a secure home safe or in a safe deposit box. These methods provide you with safety and security.

When selling gold, research the market price. Look around to understand what people are asking for similar pieces. This will help you figure out a good price point. People will haggle, so ask for more than you will actually settle on.

Before selling your gold, comparison shop. The different prices you receive might shcok you. If you stick with your first buyer, you could get a terrible deal. Wait a bit of time so you have the greatest cash in your pocket.

Carefully read and check the small print in the sales contract. Read any materials the company you are sending your gold to provides you with. There are going to be some fees and commissions to consider, and you don’t want them to be too steep.

You aren’t likely to turn a big profit right out of the gate, but this article will mean steady success into the future. Setting small goals and working hard at achieving them creates increased profit over time. Be patient and dedicated to your efforts to build more wealth.

Wise Tips For Getting Into The Gold Market

Gold is at the top of the totem pole when it comes to finance. Are you thinking of learning a little more about gold so you’re able to get more out of your investments? You can buy bullion or stock in a gold mining firm. Continue reading to learn more about gold as a financial investment.

Bullion is the best choice if investing in gold. These bars are available in a number of different weights. You can purchase a large, four hundred ounce bar down to a tiny half ounce one. If 400 ounce bars interest you, know it will be hard to find them.

The high price of gold may give you the idea that gold-filled or gold-plated jewelry is better. Before settling for a gold plated piece, understand that there are great deals out there on solid gold jewelry. Pawn shops and online sites have hundreds of gold pieces for sale.

Look at the spot price of gold before selling. You can then discern whether you are getting the right price for your jewelry pieces. Though many deals will provide you with its true value, others will try to deceive you so they can get a better deal for themselves.

If you’re buying gold to save for your retirement, buy the right type. You must have IRS approved gold. They must be 24 karat bullion bars or coins. Consider bars more than coins, since they have more value.

When purchasing a piece of gold jewelry for someone else, be sure there is a return policy. It is hard to tell if that jewelry is going to fit another person, or if that person is going to want it. If that happens then you’re going to want to return it and get your money back.

When looking to sell gold and you’re not sure of the value, look at getting it appraised. Paying a professional to appraise your item is a good investment. Make sure you go to an accredited and reliable appraiser to get valid appraisal papers. Even if you still choose to sell, do know that you aren’t going to get the appraised value.

Be sure the buyer you are considering is licensed by the state to make gold purchases. They are likely to be honest. Never sell without doing research and verifying the dealer is licensed.

Be careful when dealing with the gold market. Markets all have their share of unscrupulous players, but gold is a market that seems to have many. There are lots of people that want to rip you off by not giving you what you’re owed. That’s why you must do your research and be careful.

Know what you have when it comes to gold. Even if something looks similar to gold, it may not have the same value. Quite often, other metals are mixed with gold to give some strength to the metal. Items that are not pure gold have a lower value. Gold-plated items apply the same principle. If you don’t know how much your gold is worth, then it would be wise for someone to appraise its worth if you intend on selling it.

Buying and selling gold is much more complicated that it might initially seem. These tips can help you make better choices for your portfolio. Use the ideas and knowledge you have gleaned from this article to create a better financial future.

How To Make Use Of The New Gold Trends

Gold investing has a number of great benefits. If you’re thinking about getting involved with it, you’re making a wise decision. But you have to know all choices, and you need to know what you are doing. This article will provide you with great advice on investing in gold.

It is important to only do business with people who have a good reputation. You are able to find out more about their reputations with the local BBB and through online reviews. A legitimate buyer will pay you fairly for your gold while giving you great customer service. Do your homework in order to safeguard both you and your financial investment.

Get a good education in precious metal pricing before you try to buy or sell gold. Metal prices fluctuate constantly, so you need to know the price on any given day for a transaction. Gold pieces with fractions of an ounce will command higher prices than pieces weighing one ounce.

Consider delivery time when buying gold. If a seller gives you anything other than immediate delivery, you need to have some kind of written contract or guarantee when your pieces are arriving. You should be provided with the estimated date of delivery. Don’t not follow through with the purchase unless you have this in hand.

If you’re thinking of mailing off some jewelry to someone, you need to be sure you do your research first. Be certain you have a clear understanding of the timeline involved, and make certain your jewelry is insured. Also, make a photographic inventory of every item you send.

When buying gold jewelry as a gift, make sure that the return policy is sound. You do not know if the gift receiver will like it or if the piece fits. It’s always a good idea to be able to get your money back on a jewelry purchase if it doesn’t work out for you.

If you’re not sure about the value of your jewelry, you can have an appraisal done. It costs a bit of money, but you’ll have a good idea of what your gold is worth. Be sure to select an appraiser who is accredited and independent for a realistic appraisal. When you sell, you won’t get the whole appraisal value, though.

Melt Value

When selling any gold, you have to decide if it will be as jewelry or for its melt value. If you are selling to pawn shops or most private sellers, expect them to offer the melt value. Don’t give up; eventually, the right buyer will come your way.

The day that you plan on buying gold, check its spot price. 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. If you find a dealer asking for more than 8%, they’re overcharging and may not be ethical.

If selling gold using a mail service, find out how much shipping will be. Many companies advertise no shipping costs, but they often hide large handling fees in the fine print. Find out how much you will have to spend in order to get your gold back if you decide not to sell it for the price offered.

With luck, you now feel comfortable adding gold to your portfolio. It can be a bridge between liquid cash reserves and mutual funds. Gold is a great investment that requires knowing the different types of risk in the different choices out there.

Gold Information You Probably Did Not Know About

Anyone can be successful in gold trading if they start with reliable information. Maybe you have considered joining the throngs of people who take part in this market on a daily basis. If this is the case, keep reading for resourceful information you can use to get started in gold investing.

Get a good education in precious metal pricing before you try to buy or sell gold. Silver, gold and platinum prices vary from day to day, so spot check a price on the day you plan to do business. 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.

Think about selling your gold on the Internet. Gold dealing is no longer something that takes a brick and mortar store. Take advantage of websites that allow you to sell gold. You can get a kit to send your gold to these websites for money. If everything is okay, they will pay you whatever their current rates are.

Scrap Gold

Look into buying scrap gold if you can’t afford to get into the bigger market. Scrap gold can be purchased in very small quantities (like a little bit every time you get a paycheck) and stored until you have a large enough collection to sell off. Store it in a safe hiding spot until you have accumulated enough to cash in.

Get an appraisal if you do not know the value of your gold jewelry. Although appraisals cost money, you will know the value of your items. In order to maximize reliability, make sure the appraiser is independent and accredited. Understand that you probably will not get the full appraisal price when you sell your gold.

If you choose to sell jewelry or scrap gold, shop around. The “spot” price for gold is determined by a constantly fluctuating market, so not every store is going to pay it. The overhead of the store involved may determine how much or little they are able to offer.

Use GoldMoney if you are interested in buying gold. This is the equivalent of establishing a gold bank account. With this service the money in your account is converted into gold. Of course, you won’t actually have the gold. It will stay in the bank, but you can cash it in, portion it or even redeem it to receive one-kilogram bars of gold bullion.

Know the true value of your gold. Pieces that appear to be gold may not be worth gold’s weight. Other metals are often mixed with gold in order to provide strength. This can make the price a lot lower. Items can also be plated with gold. If you are unsure of what you have, you may want to get it appraised prior to going to sell it.

There is not limit to who joins in on gold trading. If you’ve hesitated to get involved, now is the time. Having read this information, you can now invest with verve and confidence. Best of luck in making your investments!

Get The Most On Your Quest For Gold Information

Can gold investments make your dreams come true? You could fund your retirement, but only when you know the right information. The following article will give you professional tips.

Stick with a reputable buyer when selling your gold. Check with the BBB and look at reviews online before you sell your gold to a buyer. 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. This extra step makes sure that you are covered and paid appropriately.

Do not dabble in the gold market until you are familiar with pricing of precious metals. Silver, gold and platinum prices fluctuate often, and therefore you need to verify spot pricing the day prior to your intended deal. You might need to pay a higher percentage for melt values such as 1/10, and 1/2 fractional pieces.

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. Ensure you understand the reimbursement terms, and don’t neglect to purchase postal insurance for the package. Last, but not least, photograph each item you are sending via mail so that you have recourse if a dispute occurs.

Check the return policy before you buy anyone a gift of gold. It’s entirely possible that a particular piece ends up being improperly sized or simply unappreciated by its recipient. If the gold turns out to be fake, make sure you get your money back.

If you want to unload scrap gold pieces or jewelry items for cash, do your homework first. While spot pricing is the national standard, most stores don’t honor it. The overhead of the store involved may determine how much or little they are able to offer.

Try using something like GoldMoney for buying gold. This is like opening a bank account for gold. After creating an account and depositing your money, you are allowed a corresponding amount of gold, which is then linked to your new account. The gold is in a vault being protected, but you can sell it or even have a bullion bar shipped to you.

You can use a magnet to test precious metal inexpensively. Gold is not magnetic. Certain pieces have a clasp made of real gold while the remaining parts are plated. This can be a useful method of testing for that.

Inquire with the area BBB prior to selling gold items to jewelry stores, dealers or any other sort of buyer. In this way, you can get sound information on the performance and history of these entities. The key thing to look for is how complaints against the business were resolved. If the purchaser has any unresolved complaints, steer clear of them.

You can sell your gold by mail. A lot of sellers prefer this, as it is easy. You receive a postage-paid envelope in which you place your gold items, put it in the mail and wait for a check. The price of this convenience, though, is that you will be paid considerably less for your gold. In some cases, you could get about 30 percent less for an item, so just be aware.

If you want to be an intelligent gold investor, learn to test gold for its grade. You measure gold purity using karats. The higher the karat, the purer and more expensive it costs per ounce. You can’t always trust a karat stamp. Testing for gold’s purity will prevent you from paying too much for a poor piece.

You might not rake in the profits, but you will definitely start building. If you give yourself reachable goals and give it a solid effort, you are going to start seeing the rewards. The race will be won by those who persevere, so keep it up.

Gold And Everything That Needs To Be Known About It

People are attracted to gold but not many know a lot about it. That little amount of knowledge makes it tough for many to take full advantage of gold as an investment. If you aren’t that gold savvy, you can use the following tips.

Stay with reputable buyers when you sell your gold. Their reputation can be verified though online sources, as well as the BBB. A good buyer will treat you well and offer a fair price on your jewelry. Do this to protect yourself and your gold investment.

If you’re thinking of mailing off some jewelry to someone, you need to be sure you do your research first. You should find out how long the process takes, and get package tracking and insurance on your package, too. Lastly, take a photo of all that you placed in the package in case there’s an issue later.

Try using something like GoldMoney for buying gold. This service is similar to a bank account that holds deposits in bullion rather than currency. You create an account and fund it; then your account is given some gold at the market price. You can redeem the gold bullion in one-kilo bars or leave it in the vault and trade it or cash it in.

While gold buying can be fun, don’t tell everyone about it. You don’t know who could try to keep tabs on this, and you don’t want to have to worry about trusting people. Keep your investments safe and secured in a bank or home safe. This protects you as well as your gold.

Don’t avoid searching antique shops or thrift stores for gold. You can find bargains in these places. A lot of people give these items to thrift shops or antique markets because they aren’t aware of their true value. You can take advantage of this if you just know what to look for.

If you’re at a gold party you should speak with the person in charge so you can figure out what karats are in the jewelry. Many times the item will have a stamp. However, there are some times when there aren’t visible signs, so the reps have ways to determine it. A representative using acid tests is a sign of a less-experienced gold agent, as this kind of test is not one of the more surefire methods for karat determination.

Do not sign anything from a gold dealer without fully understanding what it implies. A lot of money is exchanged in this business. You must be fully aware of what you are committing to. If you do not agree with the term, go to another dealer. You must protect your finances at all costs.

Before you buy gold, find out something about the dealer. To ensure your dealer is reputable, check with the Better Business Bureau. Doing this will help you find any complaints lodged against the dealer. If you find several complaints, look elsewhere for a gold dealer.

As this article said in the beginning, no matter what people think of gold, they rarely know much about it. You should know more than you did to start. Use the above tips to make smarter gold decisions.

Gold Information You Will Not Find Elsewhere

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 wish to make more from your gold, use this article. Keep reading for some useful advice.

Gold is something that changes in price all the time. This is why you should know what it’s worth prior to selling. If you choose to sell gold, weigh and value pieces that have different karat values separately. You should not sell jewelry as gold scraps if its worth is higher because of the brand or design.

If you are considering a gold buyer, do some research on him to make sure he is reputable. Better Business Associates can give your information about complaints made against a company and how those complaints were resolved. A variety of bids will ensure that you receive the best price.

If the reason for purchasing gold is for your retirement fund, it’s crucial to purchase the appropriate kind. Gold needs to be IRS-approved. They have to be 24 karat coins or bullion bars. Lean towards buying the bars over the coins as they hold more value than coins.

Only buy gold jewelry from a seller if they have a return policy You can’t be sure when jewelry is liked by the other person or if it even fits them. It’s always a good idea to be able to get your money back on a jewelry purchase if it doesn’t work out for you.

You can sell anything that contains gold to gold dealers. Old or broken jewelry, old coins and tableware are just some of the things that may contain gold, It need not be completely pure, either. It could be plated gold or it could be that just a portion of the item is made of gold. You are sure to turn a decent profit.

Melt Value

If you’re selling a gold item that has value beyond its weight in gold, you need to choose whether to sell the piece for its intrinsic value or its melt value. Pawn brokers and private sellers may just want to pay melt value. Selling your unique gold pieces to a collector can end up netting you more money.

Look into market prices of gold before selling it. Look to see what others are asking for when it comes to similar prices. This lets you determine a fair market value starting price point. Ask a bit above it to give room for negotiation.

Prior to coming to any decisions with regard to a gold buyer, shop around. You might get surprisingly different offers that reward your patience. When you just take buyer number one, you may lose money. Spend the required time to comparison shop before making any decisions.

Before you sell your gold as scrap, it is wise to have it appraised first. This is particularly true for unique pieces that have exquisite workmanship and design. The appraisal will give you the best idea as to the worth of your gold. An appraiser might even be able to help you sell your special item.

Gold is an excellent way to solidify and secure your wealth. A lot of people decide to invest in gold in order to secure their savings. Hopefully, you find the advice and suggestions from this article beneficial in helping you build solid wealth through gold.

Tips To Help You Make Money With Gold

Gold investing has grown to an incredible degree in the uncertain financial times that have been faced by investors of late. Nowadays, you see many people trade in gold to ensure that portfolio is kept afloat, but most people are unsure of how to correctly buy in this market. This article contains information that will help gold investors learn how to get more value from their investment.

Get several opinions about the value of your gold piece before you put it up for sale. There are many places where you can buy and sell gold, and they all use different metrics to decide on price. When you get an estimate from more than one, you can help to ensure you’re getting a fair price on the gold you’re selling.

The high price of gold may give you the idea that gold-filled or gold-plated jewelry is better. You don’t have to spend a mint at a jewelry store, though. There is cheaper gold jewelry at pawn shops or online.

Knowing the current market value of gold is important prior to selling or buying it. This will help you set a fair price when you sell or buy. Dealers often assume that people who are trying to sell gold need quick cash and will try to take advantage.

It is important to invest in the right type of gold when doing so for your retirement. You must have IRS approved gold. This means it needs to be in the form of coins or bullion that is marked 24 karats. Try going with bars over coins since they tend to be more valuable.

If you don’t have lots of money to buy gold, but still want to profit on the upside, think about buying scrap gold. 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. Make sure you have a safe place to keep your gold (a safe deposit box is ideal) while you’re collecting it.

Return Policy

When buying gold jewelry as a gift, make sure that the return policy is sound. It’s not uncommon for many pieces to not be the receiver’s taste or the wrong size. By ensuring that the dealer offers a return policy, you can help protect yourself.

Never sell to an unlicensed gold dealer. You could still have a problem, but licensed buyers are more likely reputable. There is no shortage of places to do gold trading, so don’t feel pressured to take the first offer you get.

Go through thrift shops and antique stores looking for gold. If you you’re aware of what to look for, you can find some great bargains. Often people do not realize the value of old jewelry and simply donate it or put it in a garage sale. You can take advantage of this if you just know what to look for.

Get a good grasp on what you own. Just because something looks like gold doesn’t mean it is worth gold’s weight. Other metals are frequently put together with gold in order to make it stronger. These metals can reduce the value of gold. Gold plated items are subject to this too. If you are unsure of what you have, you may want to get it appraised prior to going to sell it.

You can sell your gold by mail. This is an easy way to get the job done. They send you an envelope, and you ship the gold to them, then they pay you by check. Keep in mind that most of these companies do not pay as much money as other places. You might receive up to 30 percent less concerning an item you sell, so be aware of this.

When you are negotiating with someone dealing in gold, read all the forms that are given to you. Gold is a huge business that makes a lot of money. Know exactly what you are putting your signature on. If the terms are not agreeable to you, get ready to move on. You must protect your finances at all costs.

The volatile financial markets have made gold a popular investment choice worldwide. When you have the correct information, you can invest in gold and make a fortune over time. Hopefully, this article has offered you some helpful information.