Tag Archives: melt value

Wondering How To Get Into The World Of Gold? Try These Tips!

Shaky financial conditions everywhere have prompted interest in gold investing to spread. Still, understanding gold as an investment has eluded many people throughout time. Read on to learn more about gold and how you can profit from it.

Get a value from a few buyers before selling your goal. Many jewelry stores and gold buying services are available, and they will all usually take a different profit on the gold they are purchasing. By getting multiple estimates, you can be certain of getting the best price.

Investigate the reputation of any firm you are considering doing business with. You are able to find out more about their reputations with the local BBB and through online reviews. A good buyer will treat you well and offer a fair price on your jewelry. Protect your invest and look into these companies.

Before you buy gold, be sure you know exactly when it will be delivered to you. If the person selling you the gold does not deliver the product right away, it is necessary for you to obtain a written estimate of when your items should arrive. A date should be spelled on this piece of paper. Don’t go through with the order if they can’t provide you with the delivery date in writing.

If you wish to enter the gold market but don’t have tons of capital, try buying scrap. This can be done over time, maybe some each day so that you can get some valuable gold in about a year. Keep your collection safe until you have an sufficient amount to cash in.

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. Only use an independent, accredited appraiser to get the most realistic value. If you still decide to sell your gold, you should know that you will not be paid the full appraisal value.

Melt Value

When selling jewelry, be aware that most gold buyers will only pay you on the melt value. Most buyers will offer you just the melt value for your gold. Don’t let this discourage you, because you will eventually find the buyer you are looking for.

Your buyers should always have gold-buying licenses from the state. There’s always a risk of getting ripped off, but a buyer who is licensed poses far less risk of this occurring. There are a number of people out there willing to buy, so avoid thinking you have to go with the first buyer you see.

Try a site like GoldMoney to purchase gold. It is akin to establishing a bank account in which you deposit gold. With this service the money in your account is converted into gold. You can redeem the gold bullion in one-kilo bars or leave it in the vault and trade it or cash it in.

While purchasing gold can be quite exhilarating, try not to discuss your purchase with others. You have no way of knowing who might overhear your conversation and who is truly trustworthy. Protect your gold by storing it somewhere secure. This will ensure your gold has protection no matter what.

When dealing with gold commodities, proceed with caution. The gold market can have many bad companies out there. Lots of people claiming to be honest gold buyers really just want to trick you. Stay alert and always take the time to obtain the information you need to make an informed decision.

It is impossible to deny the critical role gold has long played as a means of securing and solidifying personal fortunes and even more modest levels of reserves. It is important to have a firm grasp of the ins and outs of gold investment in order to make the best investment decisions. The article that you have just read should have seen to that education.

Gold Advice You Need To Know About

The price of gold may be constantly changing but the trend is always upward. Gold is always a great commodity to buy and sell. In difficult financial times, the value often rises to new heights. Keep reading to learn more about the gold market.

A great way to invest in gold is through bullion bars. They come in varying weights. The bars vary in size from half an ounce to 400 ounces. The smaller bars are more common, while the larger ones are harder to find.

Think about selling gold on the Internet. Gold dealing is no longer something that takes a brick and mortar store. You can use one of many websites out there to sell your gold. The site sends you a prepaid mailer to put the gold pieces in. If you have everything together, then you will receive the going rate.

If you wish to enter the gold market but don’t have tons of capital, try buying scrap. Use the capital you have and purchase what you can and add to it as money becomes available. Ensure that the gold is safely stored and secured at all times.

Melt Value

When selling any gold, you have to decide if it will be as jewelry or for its melt value. Pawn brokers and private sellers may just want to pay melt value. Try not to be discouraged. Sooner or later you will discover the purchaser you are seeking.

Although buying gold is exciting, don’t talk to people about this. The fact is that some people just aren’t trustworthy. Do not tell others about your investment, and keep it locked up either in a home safe or at a bank. Doing so means you are protecting your gold.

You may even be able to find old gold at thrift shops or garage sales. You can find bargains in those places when you’re aware of what you want. Many people donate or sell to these places at low prices because they don’t know what they own. A little bit of effort on your part to look around can yield big results.

When you attempt to sell gold, make sure you know the current market prices. You should shop around to get an idea of what others are offering for similar gold pieces. This will help you figure out a good price point. Ask a bit more so you can negotiate.

A fast, cheap way to test for gold’s authenticity is to use magnets. Precious metals, gold included, are not magnetic. Sometimes you’ll find a clasp to be something solid, but everything else is plated. Using this technique will help ensure your pieces are solid gold.

Prior to selling gold, make sure you separate it by karat weight. If you keep them together, an unscrupulous dealer may try to weigh all the pieces in one batch, then pay you the lowest karat price for all of them. You will walk away with less money. Rather, approach the vendor with separated piles in order to maximize your profit.

Figure out who your dealer really is before you buy gold from them. To ensure you are dealing with a trustworthy dealer, inquire with the area BBB. That way, you can learn about any complaints made about the company. If you find several complaints, look elsewhere for a gold dealer.

As you understand, gold is a constant in the financial world. So, if you want to deal with this volatile commodity, you need to know a few things about the marketplace. Remember the tips you learned here when you are dealing with gold.

On The Market For Gold? What Needs To Be Known First

Investing in gold means understanding the market. Having diversity is important, and you can get a portfolio balanced with gold. It’s sometimes hard to know where you must start. There are various options, so it may appear overwhelming. Read this article to learn more about investing in gold.

When you sell gold, get an idea of value from a number of sources. Different gold purchasing entities are at your disposal, and they all require different profits from the purchases. 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.

Schedule for a proper delivery before buying gold from any seller. When the seller doesn’t ship immediately, you must get their promise to ship in writing. You should have the date of delivery clearly listed. Proceed with an order only if this information is forthcoming.

Verify the market price before selling your gold jewelry. You will then be prepared to negotiate. While dealers often give you market value, some are used to sellers wanting quick cash.

You must be sure to purchase the right type of gold if you hope to rely on it in your golden years. The gold must be approved by the IRS. 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 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. If you are selling a piece of jewelry, you should pursue a better deal.

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. 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.

Prior to coming to any decisions with regard to a gold buyer, shop around. You never know what kind of offer you will receive! If you go with the first buyer that you meet, you may end up with the worst deal possible. Be cautious and go slow in order to get the best deal for you.

Before you sell your jewelry as scrap gold, have it appraised. This tends to be true for pieces that have intricate workmanship and details. You may have to pay to have a piece appraised, but it’s worth it. A professional appraiser can also point you towards potential buyers for high-quality gold jewelry.

It is a good idea to check with the Better Business Bureau before you deal with a gold broker. You can find out about certain businesses and experiences so that you can move forward from there. Pay special attention to any complaints and if they were resolved or not. If they have many complaints or lots of unresolved complaints, consider another buyer.

Knowing the best decisions for gold investing can help you learn about investing itself and the options available to you. With the good advice you found here, you can now choose more wisely. Get things started by using these tips.

What You Probably Did Not Know About Gold

Gold has always had the reputation of being a highly prized commodity. Since it’s discovery eons ago, people have treasured gold. If you want to start trading in gold, the tips below will help you.

Bullion bars are an excellent gold investment. Bullion bars come in a variety of weights. You can find them from a half ounce all the way up to four-hundred ounce bars. If 400 ounce bars interest you, know it will be hard to find them.

Before buying or selling gold, know how all the prices work. Gold, along with silver and platinum, have prices that change on a whim. Therefore, you must always know what the spot price currently is. Understand that you will likely pay a higher price for fractional pieces. A half an ounce, for instance, will not exactly cost one half the price of an ounce, it will be slightly higher.

Gold Broker

Make sure you research any gold broker you do business with. You want to work with a reputable gold broker. Check for online reviews and reports from the BBB and see how these dealers resolve complaints from their customers. Shop around to get the best price for your gold.

Consider selling gold online. You no longer need to visit a physical store to buy and sell gold. Take advantage of websites that allow you to sell gold. You will receive a kit that will allow you to mail your gold items off. They will give you an offer, if everything goes properly.

If you’re thinking of getting gold to help you retire, you need to get the right variety. The IRS needs to approve the gold. Only 24K coins and bullion bars are eligible. If you can, purchase bars rather than coins since they are more valuable.

If you don’t have much money to invest in gold, you could start by purchasing scrap jewelry pieces. This is easy to do over time, and can lead to an accumulation of real value in the span of a year or two. Ensure that the gold is safely stored and secured at all times.

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. Many private buyers and pawn shops are only willing to give the melt value. Don’t let this hamper you, because you’ll find the right buyer eventually.

On the day you are planning to buy your gold, check the spot price. Many sites offer this information, plus it changes every day. Never pay in excess of 8% markup above the spot price. Some will attempt to charge even more, but that isn’t ethical.

Whenever you begin the gold selling process, you need to be educated on the market price. Look around to understand what people are asking for similar pieces. In this way, you will have a good idea of how to price your gold. Always start a little higher that what you are actually hoping to get, so you have room to negotiate.

Make sure you have separated gold as far as karats when you are figuring out your investments. Gold values vary based on karat weight, so lumping different weights together will result in a reduction in the price received. The greater the karat ratings, the more the gold is worth.

To get a good deal and protect yourself, research the gold buyer critically. If you choose to use a mail-away gold buying service, be sure you requested the service. Don’t just mail your gold and personal information off to someone who has asked you to. Consult the BBB to determine whether anyone has lodged complaints against a prospective buyer.

Now you should know more about gold values and why it’s treasured by many worldwide. Gold is a great thing to invest in, and it looks great too when you wear it. Use what you have learned to help you invest in gold soon.

Get Top Tips On Gold Buying And Selling Right Here

As a result of the recent financial challenges around the world, the gold market has become very popular among investors. You may wish to use gold as a kind of safeguard for your investments. You can fix that issue right now by reading on.

Bullion bars are usually the safest way to invest in gold. They come in varying weights. They can be as small as half an ounce or as large as 400 ounces. A heavier bar may be more difficult to find, however.

Conduct extensive research before you do business with a company specializing in gold. Look at the BBB website online for ratings, reviews, complaints and more. Talk to several different buyers and get quotes from all of them to ensure you get the best price for your items.

If you are going to buy a particular gold piece from any seller, be certain that you know exactly when to expect the delivery. Always get a timeline in writing of when your gold pieces will be delivered if immediately delivery is not provided by the seller. Their expected delivery date should be indicated. Do not complete the order unless you have this in writing.

Fair Price

Do your research and know what the latest gold price is before you sell your jewelry. This will help you set a fair price when you sell or buy. Dealers typically give a fair price, but there are some unscrupulous ones out there. They may take advantage if they think you want to unload your piece fast.

If you don’t have much money to invest in gold, you could start by purchasing scrap jewelry pieces. You can buy a little at a time, building up a stockpile. This will not break the bank. 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 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 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.

Make sure you verify the price of gold the same day you plan to buy it. The spot price can be found in many places, and it tends to fluctuate often. Paying for gold that is any higher than an 8% markup is not a wise investment. Some dealers charge more than that, but it is a rip-off.

Have jewelry appraised prior to selling it to anyone as scrap gold. This is especially true for one-of-a-kind pieces like jewelry with intricate details and workmanship. Even though there is an appraisal fee, you could see a lot of extra money in your pocket. Appraisers might be aware of someone that wants to purchase your jewelry.

Check with the BBB before you sell gold to a dealer, jewelry store, gold buyer, etc. They are sure to have information about each business, as well as data on any complaints filed. You definitely want to notice any complaints, whether resolved or not. If there are many unresolved complaints, or a huge number of overall complaints, think about giving your business to someone else.

Don’t sell gold out of desperation if you can help it. Gold is something that tends to go up in price, and while it’s at an all-time high recently, chances are it’ll be worth even more down the line. If you’re able to keep your gold, then you may be able to get more benefits from it later on.

There has been no wane in the popularity of gold markets. Knowing how to buy and sell gold like a pro is a good way to leverage the gold market for your personal goals. Use the ideas in this article frequently, and you’ll get the wisdom you need in dealing with gold.

What You Need To Know About Buying Gold

Gold keeps rising in value while other currency is dwindling. It’s a great investment when you need stability. When looking to trade in gold, it is vital that you are educated in some key areas before getting started. The tips that follow will help you figure out the gold market.

Get your gold valued by multiple sources. From pawn shops to jewelry stores, each location will charge a different premium on gold. You should get your gold appraised by a professional and compare prices offered by different buyers.

Gold prices change quickly and often, so know the current value before you attempt to sell any. Pieces with differing karat values are worth different amounts, and should be weighed separately for selling. Stay away from selling high-end jewelry pieces because they have more value.

Stay with reputable firms when selling 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. Make sure that you protect both your investment and yourself.

If you’re sending your gold to some company via the mail, check them out before doing business with them. Find out when you will receive your money, and never send your package without insuring it first. As a last step, take a photograph of the package’s contents before you send it off to avoid disputes.

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 just want the melt value. Try not to be discouraged. Sooner or later you will discover the purchaser you are seeking.

Find out the spot price for gold on the day that you’re planning to buy. You can find this on a variety of websites, and it can change daily. Never buy something listed at more than ten percent of the spot price. Many times sellers will try to sell it at a higher price.

Though purchasing gold is thrilling, don’t go around telling everyone about it. You don’t know who to trust or who is listening. Do not tell others about your investment, and keep it locked up either in a home safe or at a bank. This keeps your gold hidden and secure, as it is a very valuable investment you want to protect.

Thrift shops, antique stores and estate sales can be fantastic sources for finding gold jewelry at a good price. You can find bargains in those places when you’re aware of what you want. Lots of folks donate items or sell them in such venues simply because they lack knowledge of their true value. You can take advantage of this if you just know what to look for.

Read the fine print of your sales contract. If you sell gold through a mail-in purchaser, make sure you understand the terms of the deal. There are going to be some fees and commissions to consider, and you don’t want them to be too steep.

Scrap Gold

You should appraise your jewelry before selling it for scrap gold. Jewelry that is hand crafted and unique may be worth more sold as jewelry than as scrap gold. Even though there is an appraisal fee, you could see a lot of extra money in your pocket. In addition, appraisers may know people who may be interested in your jewelery.

If you’re thinking of selling your old gold jewelry and scraps to a gold-buying business, it’s crucial that you check their reputation on the Better Business Bureau’s website first. The BBB listing should include basic data about the company, along with details about any complaints made against them. Keep a close eye out for any complaints not fully resolved. If they have many complaints or lots of unresolved complaints, consider another buyer.

The purchase and sale of gold is extremely popular, as it always has been. Gold prices continue to go up, making it a solid investment. Just remember you have to have great information if you want to really do well in the gold market. The advice in this article will help you realize the highest return on your gold investment.

Gold Information You Will Not Find Elsewhere

Many people these days see gold as a more stable form of currency. However, it can be confusing to really understand the gold market. Read these tips for some knowledge about the benefits and possible risks of investing in gold.

Gold bars are the most economical choice for investment purposes. Their weights can vary. You can purchase a large, four hundred ounce bar down to a tiny half ounce one. It will be harder to find the bigger bars.

You might be shocked by how much gold costs these days. You do get to buy gold jewelry without spending a ton at an actual jewelry store. Visiting flea markets and pawn shops can help you to get the very best price.

If you plan to mail your gold jewelry to a firm, do some research on them and their policies before you do so. Your package needs to be insured, and you need to be aware of when you are going to receive payment. Lastly, take pictures of all items you’re sending so you have proof in the event of a dispute.

When purchasing gold, check to see if the dealer offers a return policy. It’s almost impossible to determine the value of your gold jewelry just by looking at it. If that happens, you want to be able to send the jewelry back and get your money back as well.

Melt Value

When selling gold, you must decide whether you’re selling a piece for its melt value or just jewelry. Private sellers and pawn shops just want the melt value. Don’t get discouraged if you are looking to sell jewelry, as buyers are still out there.

If you are sending your jewelry off in the mail, make sure you investigate how much it will cost you to have the pieces sent back to you if you don’t like the offer. While most firms will pay to have you send them your items, they will charge you a considerable amount if you want them back. You want to know what those charges might end up being before you decide to send them your gold.

Prior to coming to any decisions with regard to a gold buyer, shop around. You might get surprisingly different offers that reward your patience. Going with the very first buyer might not be a good idea. Take a bit of extra time upfront so that you have the most cash possible in your pocket.

Before you sell your gold as scrap, it is wise to have it appraised first. You may have pieces that are worth more than their weight in gold due to historic or artistic value. While you will probably pay to have an appraisal on your gold, this can certainly increase profits further along the way. Appraisers might be aware of parties interested in your jewelry.

Earring backings are usually solid gold, no matter if the earring is or not. Necklace clasps and bands to rings are usually real, too. Because these pieces do not weigh a lot, try selling them as a “lot.” You may get more money this way.

The gold market involves many different areas that you could invest in. You can buy gold shares in an ETF, a mutual fund with a focus on gold, or in gold mining equities. While it is nice to physically have gold, you run the risk of theft and the expense of storing it.

If you are selling gold pieces you own, keep pieces of different karats separated. 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 of course results in fewer dollars for you. Instead you should go in with pre-separated piles to make the biggest return.

You can’t deny the influence of gold as a way to secure and solidify personal fortune, even for the most modest. Being informed can help you to make wise investments. Use the information above to help learn all you can about today’s gold market.

Learn The Ins And Outs Of Gold With These Tips.

Over the past few years, gold prices have been skyrocketing, and investors are taking notice. If you want to put your mark on gold investing, realize that you can right along with powerhouse investors. Here are some tips to help you with gold, so you can make a bit of profit.

Gold prices change quickly and often, so know the current value before you attempt to sell any. Different karat values will be valued and weighed separately when selling your gold. Do not sell your designer jewelry for its weight in gold because you will lose money.

Go with a legit buyer if you’re selling gold. Check BBB.org to find out more about the firm. Reputable buyers will pay fair rates for gold and will provide solid customer service. This extra step makes sure that you are covered and paid appropriately.

If you don’t have much money to invest in gold, you could start by purchasing scrap jewelry pieces. Do this regularly over a certain length of time, and in 12 months or so, you would have accumulated a good amount. Keep it inside a safe location until you get enough to cash in.

Melt Value

Is it better to sell your gold jewelry for melt value or as jewelry? Most buyers will offer you just the melt value for your gold. It may take longer to find the right buyer, but you will get more money this way.

Find out the spot price for gold on the day that you’re planning to buy. You can see it on various sites and it usually changes every day. Never pay in excess of 8% markup above the spot price. Some dealers are going to try and charge you more, but don’t pay it.

Think about GoldMoney and other such services when you want to buy gold. It’s like a bank account for gold. You create an account and fund it; then your account is given some gold at the market price. The gold will physically sit in the bank where you can cash it, portion it, or in some circumstances, you can redeem it for gold bullion bars that weigh a kilo.

Gold Market

Do not be overly aggressive when dealing in the gold market. The gold market can have many bad companies out there. There are individuals who will not hesitate to take advantage of you if you give them the opportunity. The benefits of caution and careful research simply cannot be overstated.

Know what you have. Just because it looks like gold doesn’t mean it’s valuable. Quite often, other metals are mixed with gold to give some strength to the metal. This can make the price a lot lower. Gold plate is also not very valuable. If you’re not sure about the value of your items, you should have them appraised before you try to sell.

Do your research before selling gold. Compare the prices offered by different buyers. That allows you to get an idea of the market value. Start the bidding a bit above what you really want. That way, the buyer can negotiate a little.

It is possible to sell your gold online and send it to a different state. Many people prefer this option because it is really easy. 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. Sometimes, you can obtain 30% less for the item, so be careful.

Gold Prices

Gold prices have increased substantially during the past decade, making it a great value investment for anyone dealing in it. The rise and fall of the dollar determines the best times for buying and selling gold. Basically, when the dollar is weak, gold prices will remain strong.

Only deal with gold buyers you have researched and approached on your own. This is vital if you’re working with a mail-in company that is from another state. Check the BBB’s website to see if there have been any complaints lodged against any company that you’re thinking of using.

You should have a basic overview about the different methods for selling, trading and buying gold. Remember that you must be willing to commit to some hard work to trade gold successfully. Just make use of this article’s suggestions to be better prepared.

What You Need To Know To Cash In On Your Gold

Anyone who’s paid any attention to gold markets in recent years can tell you that there is a lot of interest from all types of new investors. The key to doing well with gold trading is to acquire a large amount of knowledge and insights from successful insiders. Read on to help you begin your dealings with gold.

Before you put down your money for gold, make sure you have a firm delivery commitment from the seller. Be sure you have your delivery date in writing. Immediate delivery is best. This should be spelled out in no uncertain terms. Don’t not follow through with the purchase unless you have this in hand.

Before you mail any jewelry to a particular company which purchases such items, be sure to do your homework and check out the company thoroughly before you do so. Understand when you will be paid and how you can insure the mailer. Take a photo of all the items you are sending so there will be no questions later.

Have a professional appraise your gold jewelry if you do not know how much it is worth. Paying a professional to appraise your item is a good investment. Use an accredited appraiser for best results. However, do not expect to receive the exact amount suggested by the appraisal when you sell the gold.

Know that gold in any form can be sold. That could be broken pieces of jewelry, tableware, home decor, or anything else you have around. You can get something for an item if it is not made out of pure gold. It just needs to be plated or maybe only a part of it’s gold. Any amount of gold will get you back a nice amount of money.

Melt Value

When selling any gold, you have to decide if it will be as jewelry or for its melt value. Private sellers and pawn shops just want the melt value. This shouldn’t deter you from selling your gold, as there is probably a buyer out there willing to buy for collector value.

Find out if the firm you are mailing your gold to will ship it back, and how much that will cost. A lot of companies say they offer free shipping, but if you refuse their offer they charge a great deal. Be sure you figure out what things will cost before you start mailing off your jewelry.

Try a site like GoldMoney to purchase gold. It is akin to establishing a bank account in which you deposit gold. You put money into it like any other account, (e.g. a savings account) but it’s converted into gold bullion. The gold is in a vault being protected, but you can sell it or even have a bullion bar shipped to you.

Enter the market carefully. There are many unscrupulous companies out there who deal with gold. There are plenty of honest dealers; however, there are also people who are only out to steal your personal information. You need to exercise caution and do your research.

Know what you are working with. A lot of the time, gold isn’t really worth what it looks like it’s worth. In many cases, additional metals have been mixed with the gold to strengthen it. The price will be affected by this, often lowering it. This also applies to pieces that are plated with gold. Get your items appraised before selling your gold.

The economy failed us, so now gold is there to help us invest safely. You can do the same as tens of thousands of others and learn more about it. By using the things you learned here to deal with gold, you will find yourself to be successful.

Good Tips To Use When You Need Information About Gold

If you wish to be a gold investor, then you have definitely made a decision that brings balance to your investment portfolio. However, you have to know what you are doing, and you have to think about the choices available to you. Keep reading to see why gold is a valuable and great investment strategy.

Get valuations for your tangible gold from a handful of dealers at a minimum. Gold buyers and jewelry stores are out to make a profit, so they’ll all pay less than the actual value of the gold you’re selling. 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.

Bullion bars are hands down your best gold investment. The weights vary. They start at a mere half-ounce, but also rise as high as four-hundred ounces. The smaller bars are more common, while the larger ones are harder to find.

Melt Value

Do you know how pricing on precious metals works? The value of gold tends to fluctuate, which is why it is important to understand the market trends. You also will have to pay more than melt value, but you will sell below melt value.

You can sell gold online. Gold dealing is no longer something that takes a brick and mortar store. You can use one of many websites out there to sell your gold. Such sites will send kits in which you mail back your gold. If the transaction goes smoothly, they’ll give you a quote and you can either accept or decline the offer.

Look at the current gold market price prior to selling your pieces. This will help you set a fair price when you sell or buy. Most dealers are honest and stick close to market value, but a minority try to rip desperate people off by low-balling their offers.

Make sure that you understand the terms when sending jewelry back through the mail. Find out when you will receive your money, and never send your package without insuring it first. Take a photo of what you mail to battle against disputes down the road.

Understand that gold dealers are interested in all gold items. From broken jewelry to gold fillings, it can all be sold. It is not really necessary for these items to be solid gold. It could be part of an item that’s gold, or just gold-plated. You will still get a favorable return.

Figure out what return shipping will cost if you don’t like the offer the mail order gold buyers are willing to give you. The majority of companies pay for you to send the jewelry to them, but they charge high fees to return it to you. Know what this cost is before you mail your items.

Never sell to an unlicensed gold dealer. You could still have a problem, but licensed buyers are more likely reputable. Do not be forced into selling to the first buyer you find if you are not happy with the terms on offer.

You need to know what you’ve got. Just because something looks like gold, that doesn’t mean it’s worth the full weight in gold. Sometimes other metals might be mixed into gold to make it stronger. The less gold, the less value. Also, some items may only be gold plated. If you are not certain about what you have, an appraisal before selling is wise.

Hopefully, you feel like gold has a place in your portfolio now. It be a good supplement to your other investments, to go along with your mutual funds, stocks and savings. Now that you’re more knowledgeable about investing in gold, you understand how it can help your entire financial portfolio.