Gold is probably the safest investment you can make with your money. Maybe you are someone who has thought about this market but haven’t the slightest clue on where to start. If so, this is the place you need to be. This article is full of information to teach you the ins and outs of gold.
Comparison shop when it comes to selecting a buyer. Look for online reviews and check the BBB website for complaints and resolutions. By getting bids from several different gold buyers, you will be more likely to get top dollar for your gold.
If you want to send jewelry to a gold company via mail, check them and their conditions out carefully before going to your post office. Know when they will send your payment out and get your package insured. Take a photo of all the items you are sending so there will be no questions later.
Consider a fair return policy as an absolute necessity when you’re purchasing gold jewelry, especially if you intend to make a gift out of it. You’re not going to be sure about the jewelry fitting or whether or not a person actually likes the piece. In those cases, you should return the jewelry for a refund.
You might sell gold melted down or as a jewelry item. Private sellers and pawn shops just want the melt value. It may take longer to find the right buyer, but you will get more money this way.
If you send off gold by mail, see how much it is to have it returned to you if the offer isn’t that great. They may not charge you to send it to them, but they could gouge you to send it back. Be sure that you find out ahead of time how much it will cost to get back your jewelry.
You could also use GoldMoney to buy gold. It can be compared to “gold bank accounts.” You set up an account, deposit your funds, and you’re assigned some gold at a price that prevails to your account. 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.
Do not forget to search thrift shops and antique stores for hidden treasures. If you you’re aware of what to look for, you can find some great bargains. Many people do not realize what they have and sell it or donate it to these shops. You can take advantage of this if you just know what to look for.
Make sure you are know exactly what you have. Even if something looks similar to gold, it may not have the same value. Many times, gold is mixed with other metals to increase its strength. This will lower it’s worth. Items can also be plated with gold. If you do not know for sure the value of your gold piece, have it appraised before presenting it for sale.
Getting into gold isn’t just something a seasoned investor should do, anyone is actually able to get into it if they know what to do. Now that you know a little about what you are doing, you can feel good about making a transaction in the gold market. Keep these great ideas in mind as you go.