Gold has a long history of being a prized metal. Gold was discovered centuries ago and has been valued since that time. If you want to invest in some gold, then these tips are going to assist you in getting started.
Gold prices constantly change so you must know your piece’s value before selling it. Pieces with differing karat values are worth different amounts, and should be weighed separately for selling. Avoid selling any jewelry that’s worth is dependent on the designer.
Before you purchase a gold piece, know when it is going to be delivered. If this is not possible, make sure you get a written contract outlining when the items will arrive. The expected delivery date should not be a mystery; it should be clearly stated. Do not finalize your order until you receive written confirmation.
The high price of gold may give you the idea that gold-filled or gold-plated jewelry is better. You can still buy gold jewelry without spending a fortune at a store. You are able to get gold cheaply in pawn shops or on the Internet.
Before you mail off your gold, make sure that you understand the polices, fees and terms of the company you are dealing with. Be sure to understand when to expect payment and how to insure your items. To avoid problems later on, photograph each item you are sending.
If you’re not sure about the value of your jewelry, you can have an appraisal done. Although appraisals cost money, you will know the value of your items. Only use an independent, accredited appraiser to get the most realistic value. Remember if you sell, you will not receive the full price of the appraisal.
Always check the daily spot price before you buy gold. This information is available on a number of websites. When you do buy, avoid more than an 8% markup. There are dealers who attempt to charge a higher amount, but they are unethical and simply overcharging.
Never sell to an unlicensed gold dealer. While you can still get taken for a ride, licensed buyers tend to be more reliable. Many establishments purchase gold, so there is no need to sell yours to the first buyer you deal with.
Shop around before making any decisions about a gold buyer. You’d be surprised in the variance of prices you’ll get offered. If you do not get several offers, you may not get the best price. Get the most money for your gold by spending time to comparison shop.
Always make sure you’re researching the gold market prior to investing in anything. You will find that there are fraudsters waiting at every corner wanting to take you for a ride. Do not buy into promises of quick riches. Don’t set expectations too high and you won’t be disappointed in your gold investment.
Having read this article, you should have a clear understanding of gold value both financially and as a treasured item around the world. Gold is lovely to look at and profitable to invest in. Print out this article in order to refer back to it when necessary, and get started on the path of gold buying and a good future.