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Need Ideas For Dealing With Gold? These Tips Rock!

Gold is a precious metal with global value, and as such, has been treated as such since its discovery millennia ago in the past. Outside of buying jewelry, few people know how to invest in gold. If you want to start buying gold, then keep going further into this article to learn some helpful hints.

Bullion bars might be the best gold investment you can make. These bars are available in a number of different weights. They can range from a half an ounce to bars that weigh four-hundred ounces. For the record, four hundred ounce bars are very difficult to find.

Research a gold buyer before selling your gold. Look at the BBB website online for ratings, reviews, complaints and more. Soliciting bids from multiple companies ensures that you receive the most money per transaction.

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. Also, make a photographic inventory of every item you send.

If you’re buying gold to save for your retirement, buy the right type. The IRS must have approved the gold that you receive. This means it needs to be in the form of coins or bullion that is marked 24 karats. Bars are often a better deal than the coins.

Melt Value

If you are looking to sell gold, the first thing you need to figure out is if you’re going to offer it up as an entire jewelry piece, or seek the melt value. Private sellers and pawn shops tend to only pay for melt value. Don’t give up; eventually, the right buyer will come your way.

On the day you are planning to buy your gold, check the spot price. You can find this on a variety of websites, and it can change daily. You shouldn’t pay more than 8 percent over the spot price. If you find a dealer asking for more than 8%, they’re overcharging and may not be ethical.

Don’t ignore thrift stores and antique shops when searching for gold deals. You can find gold in unexpected places, but you have to know what to look for. Usually, you will see donated items of great value because people are unsure of their cost. Your knowledge will help you get the better end of the deal.

Shop around before you decide which gold buyer you will use. You might be surprised by the price variants. If you choose to sell to the first buyer, you might get a bad deal. Take time to get the most cash you can for your pieces.

Instead of immediately thinking you have scrap gold, take it to get appraised first. This is particularly important for unique pieces with detailed craftsmanship. While you may get charged a small fee, it can earn you more cash later on. A professional appraiser can also point you towards potential buyers for high-quality gold jewelry.

Investigate with the Better Business Bureau before selling your gold to any purchaser. You may find complaints that have been listed by the customers who feel slighted. You should especially pay attention to any customer complaints filed as well as what the resolutions were. If you see lots of complaints that have gone unresolved, think about moving on.

If you are selling gold pieces you own, keep pieces of different karats separated. Some vendors may try to weigh all of your items at one time and pay you for the lowest karat. This will result in you receiving less money. Separate your items by karat in advance to avoid being tricked.

As you can now agree, gold is a treasure. Gold is also a highly traded commodity. It only makes sense that you trade gold because of how its value increases. Since you know much more about gold now, get going with some gold investments today.

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.

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.

Investing In Gold And Making A Fortune

Gold fluctuates in value, but the trend remains an upward one. The gold market is always hopping, whether you want to buy, sell or trade. Values of such precious metals often skyrocket during times of economic uncertainty. If you want to learn about this potentially lucrative investment, read these tips.

Consider delivery time when buying gold. To ensure timely delivery request a confirmation on the shipping date. The confirmation should include an estimate of the delivery date. Don’t proceed with the order until you have this information.

When you first check out gold jewelry, you may be in for a bit of sticker shock and decide to buy gold-plated jewelry, instead. You do not have to pay full price for gold jewelry if you find that the prices offered by jewelry stores are too expensive. You can usually find more affordable gold jewelry online, or if you visit pawnshops.

If you take jewelry or scrap gold to local companies that will pay for it, shop around. Many stores do not pay the going rate for gold. Independent gold dealers with low overhead, for instance, may be in a position to offer you better terms than upscale jewelry stores.

Melt Value

When you are selling gold, you need to decide whether you want to sell it as a piece of jewelry, or for the melt value. Pawn shops and many private sellers are only looking to pay the melt value. If you are selling a piece of jewelry, you should pursue a better deal.

When you decide on buying gold the first thing to do is look at the spot price. You can see it on various sites and it usually changes every day. Don’t buy anything marked up over 8% of this. Knowing the value of your gold will keep you from getting ripped off.

Get a good grasp on what you own. Even though the item looks like gold, it may not have much value. Usually gold is mixed with other metals to give it strength. This will lower it’s worth. So can gold-plating. If you don’t know what you have, have it appraised before trying to sell it.

Talk to a rep at a gold party to see how they figure out the number of karats in a jewelry piece. Many pieces of jewelry will be stamped with a karat rating. 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.

Before selling your gold, contact your local Better Business Bureau. They’ll have basic resources for you such as reviews and complaints from other customers. Look carefully at complaints and whether they were solved or not. If a business has a lot of customer complaints or unresolved complaints, avoid using them.

Gold is a very volatile investment. It is important to understand that prices can vary daily on gold values. If your stomach can handle the rough ride, you should still protect yourself from losing too much money. Only a very small overall percentage of your portfolio should be invested in gold. It should be no more than five percent.

Karat Value

Divide any gold you plan to sell into groups that contain specific karat values. The gold’s value changes depending on the karat value. Mixing them together may reduce the worth. Gold with a higher karat value is worth more.

You know that everyone’s financial system is weighed against the gold constant. For this reason, this commodity is a wonderful way to secure your future financial goals. Follow the advice presented here to make the most of the lucrative gold market.

The New Gold Rush: What You Should Know

The market that gold commands has seen a huge spike in popularity because of the worldwide recession. Perhaps you wish to have a greater involvement in the gold market but need to learn more. Read on to help out your situation.

Save your money to buy higher quality gold and avoid gold-filled and gold-plated pieces. You can still buy gold jewelry without spending a fortune at a store. You can get gold jewelry cheaper online or in pawn shops.

If the reason for purchasing gold is for your retirement fund, it’s crucial to purchase the appropriate kind. The IRS must have approved the gold that you receive. You want to make sure you buy 24 karat coins or bullion bars. Over time, gold bars appreciate better than gold coins.

Never sell to an unlicensed gold dealer. Licensure is not a guarantee of credibility, but it is certainly a good indicator. There are plenty of buyers for gold, so do not think that you must make a sale to the first buyer that you meet.

Know what you are working with. Just because something looks like gold, that doesn’t mean it’s worth the full weight in gold. Some jewelry is a composite of a number of different metals. This may lower the price. This is also true of items that are just plated. If you don’t know exactly what you have, consider an appraisal.

Ask what method is used to determine the purity or karats of your jewelry. In most cases, the item is simply stamped. However, you may see no sign at all but there are ways to determine its value. The simplest test is the acid test, so if a rep is using this method, he may be a novice to the market.

Always make sure you’re researching the gold market prior to investing in anything. 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. If you do not buy into the premise that you will get rich quickly, then you won’t be disappointed.

Sort your gold by how many karats it is. The buyer will doubtless weigh all of your pieces before setting a price for them, and if you aren’t attentive you may see everything lumped together and weighed with the lowest-karat pieces. 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.

One way to sell gold is through the mail. Many sellers like this process because it is simple. You ship your jewelry in a prepaid envelope, and then you receive 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.

Make sure you understand the buyback policy of your seller. Reselling gold is often done at a premium. Try to consider all the different costs involved such as shipping. To protect yourself, avoid buying gold and leaving it in the custody of a dealer.

Gold markets have experienced a tremendous boon in recent times, most likely in reaction to the deep financial insecurity that has gripped much of the world. It’s best to understand how selling and buying gold works. Use what you’ve learned here when dealing with gold and you’ll be an expert in no time.

Great Advice On Dealing With Gold

Anyone following the gold market is aware of the new interest stemming from investors from all walks of life. To do well in the gold market you must first get yourself educated from the experts. Read on to get started with gold trading.

Look for a gold buyer that has a good reputation. Look for online reviews and check the BBB website for complaints and resolutions. Talk to several different buyers and get quotes from all of them to ensure you get the best price for your items.

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. Insure your shipment, and get a solid confirmation of when you can expect to be paid. Take a photo of all the items you are sending so there will be no questions later.

Look into buying scrap gold if you can’t afford to get into the bigger market. This is easy to do over time, and can lead to an accumulation of real value in the span of a year or two. Keep the gold somewhere secure until you’re ready to sell it.

When buying gold jewelry for another, make sure you can return it. It is impossible to tell if a jewelry item will be well liked or suitable. If this happens, you need to return it for a complete refund.

Check the price when you are buying gold. Many websites update this information daily. Never buy something listed at more than ten percent of the spot price. While many companies attempt to charge more, this is simply not ethical and should be viewed with caution.

If you are shipping jewelry, be certain you find out how much it’s going to cost to get your pieces back if you fail to accept their offer. Shipping to them is free, but the cost to get your pieces back is often massive. You want to know what those charges might end up being before you decide to send them your gold.

If you go to a gold party, talk to the person who organizes it to figure out how they calculate the value of the gold sold. In many cases, items are stamped. There are ways to determine a piece’s purity if no stamp is present. One method that can be used is the acid test.

Be sure you know what everything in your sales contract says. You should carefully read the whole contract especially if selling through a mail service. That way, you will be aware of the cut of your proceeds that will go to fees and commissions.

Many times the backs of earrings are solid gold, even if the earring itself is not solid. Ring bands, clasps on necklaces, and other easy-to-overlook bits of jewelry also often have significant gold content. They don’t weigh too much so you may want to sell them all together. This just pulls together a number of gold pieces as a quantity, which might help you make a little more money.

The economy failed us, so now gold is there to help us invest safely. Maybe you’re one of those who has been interested in learning more. By using the guidance in this piece, you can truly succeed.

How To Make Use Of The New Gold Trends

Even though many currencies are losing value, gold is the exception. This makes gold a great investment and can make it a great help if you want to build your wealth. Here are some things you must think about when you buy or sell gold. The following article offers solid information from the experts that shows you how get more out of buying and selling gold.

Gold’s price is always changing, which makes it important to know your piece’s value before selling it. Don’t forget to take into account the different karat values of your gold pieces. Remember that jewelry will sell at its melt value, not the price the jeweler wants for it.

Stay with reputable buyers when you sell your gold. Check reputations at the BBB and via online reviews. A buyer with a good reputation will give you good service and an equitable price for the gold you are selling. This will protect you from rip off artists.

Delivery Date

Before you buy gold from gold sellers, ensure you have scheduled a quick delivery. Be sure you have your delivery date in writing. Immediate delivery is best. The expected delivery date should be noted somewhere. Don’t proceed with the order until you have this information.

When buying gold jewelry as a gift, make sure that the return policy is sound. You can’t be sure of another person’s preferences; they may not care for it. If the gold turns out to be fake, make sure you get your money back.

If you’re clueless about the value of your gold jewelry, have it appraised. This adds an up-front cost, but it could save you a lot of money later. In order to have it valued most accurately, go with an appraiser who is accredited and independent. Remember if you sell, you will not receive the full price of the appraisal.

Compare different gold buyers if you want to sell some gold jewelry or gold scraps. You cannot count on these stores to pay the national standard of the day. Stores not inside major shopping malls might have lower rent and overhead, and so can pay you more.

Use GoldMoney if you are interested in buying gold. This is like opening a bank account for gold. You just sign up for your account, fund it and then you will be assigned gold. Although you own the gold, it remains stored securely in the company’s vaults. You can sell it, portion it out, or even (given the right conditions) arrange to take deliver of it yourself.

Do your research before selling gold. Also, ask around to find out how much similar pieces are going for. This will allow you to have a price in mind you can work with. In order to be able to negotiate, you ought to give a price above the amount you really want.

Fine Print

Figure out what all of the fine print means when you’re working with a sales contract. Read any fine print before you decide to offer your gold to a mail-in buyer. You can then ascertain the amount of fees and commissions you will be charged.

Read the fine print on all forms you have to sign. There’s a lot of money involved in this business. It’s best to pay attention to what you’re signing your name to. If you’re not comfortable with any terms, pass on it. It is worth it, sometimes, to protect your finances.

There is a reason why the buying and selling of gold remain a solid choice today. The value of it is rising and making returns profitable. Profiting from gold isn’t foolproof, however, and you must make an effort to make the right decisions based on the right information. Keep this article in mind to make the most of your gold purchase or sale.

Need Ideas For Dealing With Gold? These Tips Rock!

Gold trading has sparked the interest of a great deal of potential investors of late, largely because of the difficult economic times many have faced. That said, a majority of people investing in gold don’t have sufficient knowledge to understand the market. This article will show you the ropes.

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. Weigh your gold by karat for the greatest deal. Try not to sell jewelry items that are valuable due to their maker.

Gold Jewelry

Gold prices may be so high that you may feel that it is best to choose jewelry that is gold-filled or gold-plated instead. You can still buy gold jewelry without spending too much at the jewelry store. You can usually find more affordable gold jewelry online, or if you visit pawnshops.

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 that the gold is a minimum of 24 karats, and formed as coins or bullion bars. Lean towards buying the bars over the coins as they hold more value than coins.

When buying gold jewelry as a gift, make sure that the return policy is sound. What if it doesn’t fit? 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.

Be aware that it is possible to sell anything with a gold content to gold dealers. Whether it is jewelry or home decor related, it could be an everyday item that you have within the home. The purity doesn’t even have to be 100%. You could also sell something that is gold-plated or contains only a small amount of gold. You’ll end up with some money in your pocket.

Check gold prices on the day your are buying or selling gold. The spot price is readily found on the Internet. When you buy, don’t pay over 8% markup over the price. There are dealers who attempt to charge a higher amount, but they are unethical and simply overcharging.

When you attempt to sell gold, make sure you know the current market prices. Check out the competition and what they are offering. You will get a general idea of the kind of price you can get. In order to be able to negotiate, you ought to give a price above the amount you really want.

Confer with the gold party rep to determine the method used for judging karats. In most cases, gold will be stamped with the karat it is made with. But other times, there isn’t any mark of visual cue, so the reps have other alternatives for determining it. One method that can be used is the acid test.

Before you sell a piece of jewelry for scrap, have the piece appraised first. Jewelry that is hand crafted and unique may be worth more sold as jewelry than as scrap gold. The appraisal isn’t free, but it can boost your selling price. An appraiser may also have connections with jewelry buyers.

If you’d like to keep yourself safe when buying gold, be sure you’re researching who is buying it. This is very important, especially if you’re mailing it to someone that doesn’t live in your state. Always consult with the BBB (Better Business Bureau). They should have records for large gold buyers, and you’ll be able to see whether or not they have a reputation for treating their customers fairly.

Making profits by investing in gold is really tempting. All too often, though, people don’t have sufficient knowledge to successfully invest in gold. Hopefully, those interested in learning real expertise have found a solution with this article.

Making A Profit With Gold In This Day And Age

Gold is a treasured commodity and is universally valued, and has been since its discovery centuries ago. Everyone loves gold, but most people don’t know enough about it. If you’re ready to start buying gold, read on for some important information.

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. Read online reviews, check with the BBB, and see how the dealers resolve complaints. If you get quotes from multiple buyers, you will get the most for your gold.

Research the market price before selling any of your gold jewelry. You will then be prepared to negotiate. Most dealers will make you a fair offer, but some will try and rip you off.

Scrap Gold

If you are interested in investing in the gold market, but do not have lare amounts of capital, consider purchasing scrap gold. 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. Make sure you have a safe place to keep your gold (a safe deposit box is ideal) while you’re collecting it.

If you’re unaware of your gold’s worth, have it appraised. It costs a little, but the knowledge gained is valuable. Be sure to select an appraiser who is accredited and independent for a realistic appraisal. If you do want to sell the gold, understand you won’t be offered full value it was appraised for.

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. It need not be completely pure, either. It could be part of an item that’s gold, or just gold-plated. You can still turn a profit on these pieces.

If you want to sell gold, make sure the buyer has a state license allowing them to do so. Licensed buyers will probably be reputable. Many individuals, pawn shops and jewelry stores are interested in buying gold. Be picky about your buyers.

Don’t sell your items to the first buyer you come across; always get a few quotes. You might be surprised by the price variants. If you accept the first deal offered to you, you might be sorry. Spend a bit of time on the front end so you get the most profit out of the transaction.

Ask the gold party representative about how the gold’s purity in karats is determined. Often, the item will be stamped. However, there are some times when there aren’t visible signs, so the reps have ways to determine it. Dealers using an acid test may be newcomers, as this is a very basic test.

You don’t have to have gold in hand in order to invest it. One option is to buy shares for gold-based mutual funds. Another option is to stick with gold mining stocks. If you choose to purchase actual coins or bars, take into account the cost of secure storage of your gold.

Gold is a valuable, durable, attractive resource. It’s still ideally suited for use as a tradeable commodity, too. It only makes sense that you trade gold because of how its value increases. Now that you have a basic understanding about gold and its value as an investment, go out and learn all you can to help gold make money for you.

Golden Advice On Dealing With The Ultimate Commodity

Investing in gold is a great choice. But you have to know all choices, and you need to know what you are doing. This article will help you to understand what some of the advantages of gold buying and selling are.

Gold’s price is always changing, which makes it important to know your piece’s value before selling it. Pieces with differing karat values are worth different amounts, and should be weighed separately for selling. Don’t sell jewelry that is more valuable due to maker or designer.

Prior to selling or buying gold, be certain you know how precious metal pricing works. The value of gold tends to fluctuate, which is why it is important to understand the market trends. You may have to pay higher prices, though, for pieces that have a small fractional measurement.

Schedule for a proper delivery before buying gold from any seller. When dealing with a vendor, it pays to seek written confirmation of the expected delivery date. This is crucial if they do not offer the option to deliver immediately. There should be a date listed for when you can expect them. Only make the order if you have such a document.

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 find out how long the process takes, and get package tracking and insurance on your package, too. Lastly, write down and also photograph everything you send to this company just in case you have a disagreement.

It is important to invest in the right type of gold when doing so for your retirement. The gold has to be IRS approved. Gold for this purpose must be bullion bars or gold coins of 24 karat weight. Consider bars more than coins, since they have more value.

Melt Value

When it comes time to sell your gold, figure out if you would like to sell it for its melt value or simply as a piece. 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.

Be cautious with the gold market. There are always a few bad apples in every market, and players in the gold market are no exception. There are those out there that will intentionally offer you a much lower price than the gold is worth if you are selling, and increase the price if you are buying. Stay alert and always take the time to obtain the information you need to make an informed decision.

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. Be skeptical of “get rich” schemes. Don’t think of buying gold as a means to overnight riches, and you will never end up being disappointed.

Carefully read and check the small print in the sales contract. This is especially true if you decide you want to mail your gold off to a buyer. This lets you know how much you end up with after any fees are taken off the top.

With luck, you now feel comfortable adding gold to your portfolio. It be a good supplement to your other investments, to go along with your mutual funds, stocks and savings. Learn why gold is usually a good choice and know the risks and benefits all options give you.