Tag Archives: gold investing

Expert Advice On How To Become Gold Savvy

Many people have an affinity for gold but aren’t truly familiar with it. Not knowing about gold makes it difficult to benefit. If you’re interested in buying gold, then you’re going to think the following tips are helpful.

Look online for the most reputable gold buyer you can find. Better Business Associates can give your information about complaints made against a company and how those complaints were resolved. Get the best offer for the gold you have to sell by approaching multiple buyers.

You should think about selling gold over the Internet. Gold transactions do not require traditional physical storefronts. You can find a lot of websites to sell gold. Simply contact the site you wish to do business with, and they will send you the packaging material to ship the gold you want to sell. 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. If your seller doesn’t offer delivery immediately, you need written confirmation of when to expect your items. There should be a date listed for when you can expect them. Proceed with the order only if you get this confirmation.

Check the current price in the gold market before you sell your jewelry. This will help you set a fair price when you sell or buy. Most dealers should sell according to the market, but sometimes they’ll try to scam you if they think you just want quick cash.

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. If you do this on a regular basis your collection would grow quite quickly. Make sure you have a safe place to keep your gold (a safe deposit box is ideal) while you’re collecting it.

Be aware that any items containing gold can be sold to someone dealing in gold. From broken jewelry to gold fillings, it can all be sold. It doesn’t need to be 100% gold either. It may simply be gold plated or part of the item has gold within it. You will still receive money from the sale of these items.

Melt Value

When selling any gold, you have to decide if it will be as jewelry or for its melt value. Most buyers will offer you just the melt value for your gold. Don’t let this hamper you, because you’ll find the right buyer eventually.

Think about shopping thrift and antique shops to discover gold treasures. If you have an idea of what you are seeking, you can really find a bargain in these places. Seller don’t always know the value of the gold they own. Their loss can be your gain.

Know what you have when it comes to gold. Even if something looks similar to gold, it may not have the same value. Usually gold is mixed with other metals to give it strength. That can make it less valuable. 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.

Look around before deciding on purchasing from a gold buyer. You may be shocked to see how different the offers are! Selling your gold to the first dealer you see could result in a very lousy deal. Take your time to help you net the most cash.

A magnet can help you determine if a gold piece is solid. Gold is not magnetic. Certain pieces have a clasp made of real gold while the remaining parts are plated. The magnet will tell you the truth.

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.

As was discussed, gold is one of those things that most love, but very few know how to invest in it. You should be just fine since you have now read this article. Use the information shared here to make the best choices when gold investing.

Gold Information You Will Not Find Elsewhere

If you are looking for something to put money into, gold is a safe bet. Perhaps you are a person who has daydreamed about investing in gold, but doesn’t actually know where to begin? If so, we have just the information you need. The piece that follows is full of useful tips on gold investing.

When entering the gold market you will want to have an idea on how the precious metals prices are determined. Metal prices fluctuate constantly, so you need to know the price on any given day for a transaction. If you have gold that does not weigh up to a full ounce, you may receive less than the melt value when selling it.

Buy Gold

You might have avoided gold because of the price, and chose instead to buy gold-filled or gold-plated pieces instead. However, it’s still possible to buy gold jewelry and not need to spend a fortune at the jewelry store. It is cheaper online and at pawn shops.

If you’re selling gold through a mail-in service, do your homework on the company and its policies before you make a commitment. Be certain you have a clear understanding of the timeline involved, and make certain your jewelry is insured. Make sure that you photograph each piece of gold you’re sending before you mail it off.

If you don’t know what your gold jewelry is worth, consider having an appraisal done. Although appraisals cost money, you will know the value of your items. Use an accredited appraiser for best results. Also keep in mind you usually won’t get the full value if you do decide to sell the gold.

Melt Value

When selling jewelry, be aware that most gold buyers will only pay you on the melt value. Many buyers only want to pay for the melt value of the jewelry. Don’t get discouraged since there’s a buyer out there that wants your pieces.

Make sure you verify the price of gold the same day you plan to buy it. You can see it on various sites and it usually changes every day. Never pay more than 8% premiums on your gold. Be on the lookout for any unscrupulous dealers who try to get away with overcharging you.

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. Many times the item will have a stamp. In other cases, there’s no visual evidence and the rep must make the determination by an alternate method. One method that can be used is the acid test.

Research all that you can before you invest in gold. Many people will offer you their own insights and assure you that they’re providing real investment expertise. Be wary of any claim to help you get rich quick in the gold markets. Avoid get-rich-quick schemes, and avoid being scammed.

Read the fine print of your sales contract. If you want to sell gold to mail-in gold buyers, read the small print carefully before you sell. Doing so makes it easier to keep track of what portion of your earnings go toward fees and commissions.

Gold investing isn’t just for a pro; anyone who wants to be safe with their money can do it too. You can now be more confident because of these wonderful gold tips that can guide you toward smart decisions. Keep these tips handy as you pursue your dreams.

Gold Isn’t So Hard To Get To Know With The Right Information!

Anyone can successfully trade gold with the right information. If you are thinking of becoming a gold investor, continue reading. If that’s the case, keep reading for useful advice to get into the gold market.

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 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.

Gold Jewelry

You may be put off by the price of gold, making you go with gold-plated or gold-filled jewelry instead. You do get to buy gold jewelry without spending a ton at an actual jewelry store. You can usually find more affordable gold jewelry online, or if you visit pawnshops.

Antique stores may hold valuable gold. These places can be treasure troves for gold hunters. Lots of people sell their items here for low prices, because they are not aware of the value. Their loss can be your gain.

Research the daily spot price before you sell your gold. Compare prices with other gold dealers. That allows you to get an idea of the market value. People will haggle, so ask for more than you will actually settle on.

While gold may be a great investment, it may also be volatile. If you do not have the stomach for quick jumps up and down, stay away. If you have enough tolerance, you should still limit your exposure. Because of the volatile market, only a small amount of your portfolio should be invested in the gold market. A good limit is five percent.

Before investing in gold, you should establish a few goals. Gold investing can be volatile; however, it is good for long-term investing. If you set limits on your exposure and know what your goals are beforehand, you have a better chance of making money.

You can often get the best deals when buying gold from regular people willing to sell. But, you need to know why this can be risky. Therefore, it is important to ask for an appraisal of the coin. If you find a person wanting to sell a gold coin inexpensively and you are pretty sure that the coin is real, you can purchase it and hope for the best.

Gold Futures

Don’t get too far over your head if you’re just starting out investing. Don’t venture into complex investment strategies like gold futures right away. Futures markets are volatile and complicated, and this includes the market for gold futures. You stand to lose a great deal if you lack sufficient knowledge. Investors who have been in gold investing for a long time are the ones that type of investing should be left to.

When selling a piece of gold with embedded stones or non-gold pieces, ask the buyer to return them once the gold has been melted and extracted. If the gems are really small, though, this might not work. Since it doesn’t have value when gold is melted, many dealers have no interest in tiny gems.

Attempt to sell gold coins when the price is high. There will be daily fluctuations within the gold market. When you understand that, you can try to get the highest profit you can. You can sell your gold for a profit if you keep a careful watch for the market to climb.

You should not invest too much at once. Gold doesn’t give you an income like bonds or stocks do. The price tends to fluctuate a lot in the gold market. When equity prices go down, that’s the only time it goes up. Never invest greater than five percent of your whole portfolio in gold.

Clearly, gold buying is for everyone. If you have feared starting this in the past, the ideas within this article should make you feel safe to move forward. You now know what you need to do to get started. Here’s hoping it all goes well for you!

Tips For Making Money By Investing In Gold

Investing in gold is a way to limit your risk. A lot of investors will say that gold is a great place to park your money during times of economic uncertainty. Just check out the handy tips below to learn how to take full advantage of your own opportunities for gold investing.

Do not sell your gold without first knowing what it is currently worth. Weigh your gold by karat for the greatest deal. Stay away from selling high-end jewelry pieces because they have more value.

Do careful and thorough research on any gold seller you are considering doing business with. Better Business Associates can give your information about complaints made against a company and how those complaints were resolved. Check for offers through different buyers to make sure you get the best price for your gold.

If you don’t have much money to invest in gold, you could start by purchasing scrap jewelry pieces. If you do this on a regular basis your collection would grow quite quickly. Keep it inside a safe location until you get enough to cash in.

The day that you plan on buying gold, check its spot price. You can find that on a lot of websites, and that can change every day. When you actually make your purchase, refuse to pay more than 8 percent more than this price. Some dealers will try to charge more, but they are overcharging and oftentimes, not ethical.

If you think you’re going to mail off your jewelry, you should see what it’s going to cost to have things mailed back if you don’t like their offer. Most companies will give you free shipping to them but charge you an arm and a leg for return postage. It’s best to be prepared so you are not surprised by return shipping charges.

Use GoldMoney if you are interested in buying gold. Think of it as a bank account that deals exclusively in gold. You have started an account, and you’ve bought gold at a particular price. The gold remains in the bank until you sell it.

Even though gold buying can be thrilling, try not to talk much about it. You cannot put your trust too easily on people. Keep it to yourself and protected, either with a decent home safe or in a bank. This will ensure your gold has protection no matter what.

Know what you are working with. A lot of the time, gold isn’t really worth what it looks like it’s worth. Many times, gold is mixed with other metals to increase its strength. This can make the price a lot lower. Gold-plated items apply the same principle. Getting gold jewelry appraised is always a good idea if you want to be clear about the potential sale value it represents.

Use a magnet to test inexpensive jewelry to determine if it consists of steel. If it is a true precious metal, it will not adhere to the magnet. Many times you see the clasp gold plated but not the rest of the piece. The magnet will tell you the truth.

A lot of times the backs of the earrings are gold. The bands of rings may be as well, even if the rest is an alloy. Because each piece does not weigh much, consider selling these as a group. Selling in quantity increases your profit.

It’s quite simple to position yourself well in the gold market as long as you educate yourself adequately before you start investing. Given your new insight on gold investing, nothing should stand in your way. Keep the information in mind in order to make wise investments.

Get Started In Gold With These Great Tips

Recently, gold has become very popular due to worldwide financial problems. Are you lacking the education you need to consider gold investing? Read on to learn more today.

Multiple Estimates

Get multiple estimates for your gold pieces if you are looking to sell them. Several gold-buying services and jewelry stores get different profits for the gold they buy. By seeking multiple estimates, you are able to determine whether an offer is truly fair.

Bullion bars are usually the safest way to invest in gold. They come in weights that vary. You can find them from a half ounce all the way up to four-hundred ounce bars. A heavier bar may be more difficult to find, however.

Find a reputable buyer to sell your gold to. Verify their good standing by checking with the BBB and reviews online. When you choose the right buyer, you will have a great transaction. Stick with them to protect your own interests.

Save your money to buy higher quality gold and avoid gold-filled and gold-plated pieces. You do not have to pay full price for gold jewelry if you find that the prices offered by jewelry stores are too expensive. Visiting flea markets and pawn shops can help you to get the very best price.

Research any mail-in gold jewelry purchaser before sending your jewelry off to them. You should be clear about when you can expect to be paid. Insuring your gold shipment is a good idea, too. Also you need to be sure to photograph everything you’ve put in your package in case they start a dispute.

If you’re thinking of getting gold to help you retire, you need to get the right variety. You want to ensure that it is IRS approved. That means only 24 karat and only coins or bullion. The bars are a better buy than the coins are because they are more likely to retain their value.

If you decide to mail your gold to a buyer, find out how much mailing and insuring these items will cost you and how much you will have to pay to have the items mailed back to you in case you do not accept the buyer’s offer. Most companies will advertise free shipping, but they often charge a lot to put the items back in the mail. By knowing this information ahead of time, you can prevent unnecessary charges.

Check out a number of gold buyers before making a deal. The different prices you receive might shcok you. Going to different places will allow you to weigh your options and go with the best deal. It can also help you to negotiate if needed. Get the most money for your gold by spending time to comparison shop.

Solid Gold

Sometimes an item will have solid gold backing; although, the jewelry is not solid gold. Sometimes rings are only partially gold, and sometimes necklaces just have gold clasps. You can often sell these smaller pieces together to get more money. That means they are collected into an assortment that can bring a better price together.

There are many different companies that you can mail your gold into. A lot of sellers prefer this, as it is easy. Simply receive your prepaid envelope, place the gold inside of it, ship it and wait for your check. Remember that these places usually do not pay as much as other places for gold. Be aware of the fact that you may receive approximately 30% less in some instances.

As fruitful as gold investments can be, the market is also always-changing. If you can’t stomach market swings, avoid gold. However, if you have some ability to weather such swings, still be sure to safeguard your downside potential risks. Only a very small overall percentage of your portfolio should be invested in gold. 5% is a good amount.

There is no doubt that gold investing is more popular than ever, perhaps as a result of financial instability that has swept the globe. Having a good understanding of both the buying and selling of gold is a great way to take advantage of the gold markets. Use the above tips to become more knowledgeable about gold investing.

Expert Advice On How To Become Gold Savvy

Do you believe that you can make all your dreams come true by investing in gold? This will only happen, though, if you educate yourself about smart gold investing. Keep reading for some expert advice on investing in gold.

Learn how precious metals are priced before you trade in gold. The prices of metals like platinum, gold and silver can fluctuate greatly in just one day. Before you do any buying or selling, check the market prices beforehand. Watching the market can help you to buy or sell your gold at a great price.

Check the current price in the gold market before you sell your jewelry. Doing so will help you figure out if a dealer’s offer is a good one or not. Most dealers will make you a fair offer, but some will try and rip you off.

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. To avoid problems later on, photograph each item you are sending.

Anything with gold can be sold to a good dealer. Examples of saleable items include broken jewelry, spoons, forks, household goods, etc. It also doesn’t have to be 100% pure gold. Even gold plated items will have some value. You will still stand to make a bit of profit.

If you intend to convert your gold jewelry into cash, you’ll have to choose between selling it as jewelry or for the “melt” value of the gold it contains. Many buyers only want to pay for the melt value of the jewelry. Don’t let this hamper you, because you’ll find the right buyer eventually.

Keep your gold investing to yourself. You really don’t know who can be trusted when it comes to your investments. Lock your investment up in a safe at home or at a bank and don’t let anyone else know. This ensures that you retain your gold and that it is safe regardless of the circumstances.

Be careful approaching the gold market. Every marketplace has bad apples, but the gold arena is renown for possessing quite a few. There are quite a few people out there that would just love to dupe you out of what you are really owed. For this reason, it is very important to thoroughly research any gold buyer you are considering.

Always understand what you are signing. If you use any of the abundant mail-in gold buyers, study the fine print carefully before making the sale. This lets you know how much you end up with after any fees are taken off the top.

Instead of immediately thinking you have scrap gold, take it to get appraised first. This rings true especially concerning pieces that are one-of-a-kind. You might have to pay a fee to get this appraisal, but it might bring you profit eventually. Appraisers might be aware of someone that wants to purchase your jewelry.

You aren’t likely to turn a big profit right out of the gate, but this article will mean steady success into the future. By setting gradual benchmarks that you work towards each day, your profits will start growing at a respectable pace. Take your time to get more out of it and be sure to enjoy it.

What You Probably Did Not Know About Gold

Gold has held its value despite market instabilities, and this has made it an extremely popular investment. You may wish to use gold as a kind of safeguard for your investments. Read on to learn more today.

You need to be cautious about the kind of gold that you purchase to help fund your retirement. This needs to be gold investments that have IRS approval. It needs to be either 24 karat coins or bullion bars. Bars are generally more valuable than coins and should, therefore, be favored.

Realize that all items containing gold have some sort of resale value to dealers. For example, you might sell home accent pieces, dinnerware, and old or broken rings and necklaces. Even things that are not pure gold can have value. It may just be plated or partially pure. You will still receive money from the sale of these items.

Melt Value

When selling your gold, it is necessary to determine if you wish to sell something as jewelry or simply to get its melt value. The quickest way to sell off gold (and the one many dealers and pawnbrokers prefer) is for the melt value. Don’t let this hamper you, because you’ll find the right buyer eventually.

Make sure that you know the current market value of your gold before selling it. You can find that on a lot of websites, and that can change every day. Paying for gold that is any higher than an 8% markup is not a wise investment. Be on the lookout for any unscrupulous dealers who try to get away with overcharging you.

Don’t go into the situation blindly when selling gold; always know what the market price is. It’s also a good idea to research what similar pieces have for asking prices. Doing this will provide you with a helpful price to work around. Always ask for a bit more than you really want in order to allow for negotiation.

Use a magnet if you want a cost-effective way to determine whether or not the precious metal is real. Gold and other real precious metals aren’t attracted to magnets. Sometimes it’s the clasp that is gold, while the rest is only gold-plated. A magnet is a good tool for discovering fake gold.

Instead of immediately thinking you have scrap gold, take it to get appraised first. This is true for pieces made with fine craftsmanship. The appraisal will give you the best idea as to the worth of your gold. They may even give you a reference to a buyer.

You don’t have to physically own gold to invest in it. It is possible to purchase stocks of gold mining companies, shares in a gold ETF or a mutual fund whose focus is gold. If you want to get physical gold, factor in the cost of storage in a secure location.

You can actually sell your gold through the mail! A lot of sellers prefer this process due to the simplicity. You get a prepaid envelope, you put your jewelry in and you ship it off, only to get a check in return. The price of this convenience, though, is that you will be paid considerably less for your gold. Be aware of the fact that you may receive approximately 30% less in some instances.

Gold is usually a good investment, but there are no guarantees. If you’re not ready for a roller coaster ride, gold investing is probably not for you. However gold is perfect for long term investments. Only invest a small amount of your financial portfolio. Five percent is a good limit.

IF you want to be a good gold investor, find out how you can test the grade. You measure gold purity using karats. Gold with a higher karat value is more valuable per ounce. The stamp isn’t enough to go on. Understanding how you can test gold’s purity will help ensure you never overpay.

Gold Investing

Many people around the world are concerned with the economy’s troubles, and rightly so. Gold investing has become very popular, and some believe it’s because of these recent troubles. Understanding gold buying and selling is the best way to use these markets to your best personal advantage. Use the above tips to become more knowledgeable about gold investing.

Get Started In Gold With These Great Tips

After the global economic crisis, gold has gained significantly as a mainstream investment vehicle. Are you lacking the education you need to consider gold investing? You can fix that issue right now by reading on.

Bullion bars might be the best gold investment you can make. They come in varying weights. You’ll see them as four-hundred ounces or even a half ounce. For the record, four hundred ounce bars are very difficult to find.

If you are thinking about selling some of your gold jewelry, know what the going market price for gold is. This way you will know if a dealer is offering you the proper amount for your items. Most dealers are honest and stick close to market value, but a minority try to rip desperate people off by low-balling their offers.

Scrap Gold

You can get into the gold market with just a small investment in scrap gold. You can accumulate scrap gold as you can afford it and have a pretty nifty next egg in a few years. Protect your gold until you can sell it.

Be careful before getting involved in the gold market. There are many swindlers to be found in the gold market. There are quite a few people out there that would just love to dupe you out of what you are really owed. Research gold and gold companies before trading.

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. That can make it less valuable. Gold plate is also not very valuable. If you don’t know exactly what you have, consider an appraisal.

Confer with the gold party rep to determine the method used for judging karats. Many pieces of jewelry will be stamped with a karat rating. However, at other times, there is no stamp, so a lot of reps use other ways to find out. Dealers using an acid test may be newcomers, as this is a very basic test.

Always understand what you are signing. If you use any of the abundant mail-in gold buyers, study the fine print carefully before making the sale. You can then ascertain the amount of fees and commissions you will be charged.

Do not sell your gold for scrap until you have it appraised. Appraisal can be especially important with potentially-valuable pieces that may have more worth as jewelry than simply as bullion. You might have to pay a fee to get this appraisal, but it might bring you profit eventually. Appraisers may know others that will buy your precious jewelry, too.

Be sure to check the credentials of all gold buyers, jewelry stores and dealers with the Better Business Bureau. You can usually find out about complaints and customer reviews. Heed any complaints to see if the company resolved them or not. If they have a ton of complaints or many that are unresolved, you should consider a different business.

Gold Dealer

When you go to purchase gold know who you are dealing with. Check the Better Business Bureau to make sure a gold dealer can be trusted. Contacting the BBB will tell you if any complaints have been filed about your gold dealer. If you notice there are registered complaints, then you need to choose another gold dealer.

Only deal with gold buyers you have researched and approached on your own. This is especially important when using a mail-away service for a buyer that is out of state. Only do business with gold buying establishments listed within the index of the BBB. That way you get to see if there are pending or past issues or complaints filed against them.

Many people around the world are concerned with the economy’s troubles, and rightly so. Gold investing has become very popular, and some believe it’s because of these recent troubles. When you understand the gold market, you can get the best deals available. Use the tips you read here and learn from what experience teaches you. Good luck.

Stop And Read This Article If You Need Help With Gold

Many people assume gold is a great way to protect their wealth. The stock market can be loaded with uncertainty at times, but that’s not so often the case when it comes to gold investing. If you would like additional information on this market, continue below for some great advice.

When selling gold, it is a good idea to get an estimated value from more than one source. Gold buyers include all types of businesses ranging from jewelers to online companies. Nearly every one has different profit levels that they must maintain. Therefore, it is wise to get several offers to ensure the best price.

Stay with reputable firms when selling gold. You can check out their reputation by contacting the BBB and checking online reviews. A legit buyer will offer a fair amount for the gold you have. Stick with them to protect your own interests.

You may shy away due to gold’s price, which may make you go for gold-filled or gold-plated jewelry instead. However, don’t feel that to buy gold of real value you need to pay a high price in a fine jewelry store. There is cheaper gold jewelry at pawn shops or online.

Check the current price in the gold market before you sell your jewelry. This can help you discern whether you’re being offered a good price or not. While dealers often give you market value, some are used to sellers wanting quick cash.

Get an appraisal if you do not know the value of your gold jewelry. The small investment required will ensure you get what your jewelry is worth. Look for an independent appraiser who is properly accredited if you want the most accurate value. Do not expect to get the full value of the appraisal, but you should try finding a buyer who will give you an amount as close to the appraisal as possible.

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 stores located outside of shopping malls and other similar places don’t have as much overhead, so they might be able to pay more.

Investigate several gold dealers before choosing one to do business with. You never know what kind of offer you will receive! Selling your gold to the first dealer you see could result in a very lousy deal. Instead, do your research and get the most for your gold.

You don’t actually have to own physical bars, coins or jewelry to profit from gold. Mutual funds and ETF’s, as well as gold mining stocks, are avenues of gold investing. If you opt to buy gold coins or bars, you should consider how you will store your gold.

Karat Weight

The first thing you should do when selling gold is group the pieces by karat weight. When you get into the weighing process during the sale, the vendor may try and trick you by weighing everything together at the lowest karat weight. This will result in less money in your pocket. Separate your items by karat in advance to avoid being tricked.

When you know how the gold market goes, getting into it is simple. You are now ready to push forward in the gold market using the tips you’ve just read. Use what you have learned here to maximize your investment.

Want To Make Money In Gold? Try These Tips!

Because people have been looking for smart, stable investments recently, gold has become a popular investment choice. Gold investing is not without its risks, though, and there are a lot of things to take into consideration. Continue on to discover the keys to smart gold investing.

Gold prices change quickly and often, so know the current value before you attempt to sell any. If you choose to go ahead with the sale, separate different karat items and have them appraised individually. Never sell any jewelry as gold scraps that’s worth more than the gold itself due to the designer.

Stick with a reputable buyer when selling your gold. Verify their good standing by checking with the BBB and reviews online. A legitimate buyer will pay you fairly for your gold while giving you great customer service. You should do this to better protect your gold investment and yourself.

Precious Metal Prices

Before buying or selling gold, know how precious metal prices work. Precious metal prices vary from day to day and it’s best to check the price before selling or buying gold. Also, understand that some types of gold will be more expensive than others.

You should always ask for timely delivery when purchasing some gold from a reliable seller. Be sure you have your delivery date in writing. Immediate delivery is best. The expected date must be listed. Only go through with your order if you obtain this document.

Verify the market price before selling your gold jewelry. This way, you’ll know whether you’re really being offered a fair price. Most dealers should sell according to the market, but sometimes they’ll try to scam you if they think you just want quick cash.

Be sure you research a company before sending them gold in the mail. 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.

If you are purchasing gold jewelry for another person, you must be certain about the return policy. 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.

Anything that is gold can be sold. Old or broken jewelry, old coins and tableware are just some of the things that may contain gold, It doesn’t have to be all gold either. It could be gold plated or a bit of gold and still be sold. They won’t be worth as much but you can still get money for them.

If you choose to sell jewelry or scrap gold, shop around. Many stores do not pay the going rate for gold. You might get a better deal at a store not in a major shopping mall, since their overhead and rent is lower.

If you’re going to ship your jewelry to a mail-order buyer, know how much return shipping is going to cost you in the event you don’t accept their offer. A lot of buyers offer free shipping but will charge you a lot to send the item back. Know beforehand how much you would have to send in order to get your pieces back.

Recently, gold has become an extremely popular investment, and that seems to be a long term trend. Prior to heading into unknown territory, smart investors spend time learning about the target market. Put these tips to use and watch the extra money flow in.