Tag Archives: selling gold

Time To Get The Knowledge About Gold You Need

Learn about how to invest in gold. There is no simple way to enter the market, but it should not be difficult either when you’re unfamiliar with it. Read this article to gain some knowledge about gold investments.

When selling gold, it is a good idea to get an estimated value from more than one source. There are many places where you can buy and sell gold, and they all use different metrics to decide on price. 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.

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. If you’re trying to get gold sold, know that various karat values are going to need to be weighed separately. Avoid selling jewelry that is worth more because of the designer or maker.

Always do your homework to find an honest and reputable gold buyer. The BBB website and other online forums are excellent resources for information on customer satisfaction and a company’s standing. Shop around to get the best price for your gold.

Think about selling gold via the internet. There’s no reason to confine yourself to brick-and-mortar stores when selling your gold. You can use one of many websites out there to sell your gold. They’ll send you a kit in which you can send the gold items you wish to sell. If everything is together, you’ll get paid their going rate.

When considering mailing your gold away for sale, be certain you know how much return mail will cost should you change your mind. Even if you do not pay for shipping the gold initially, return shipping is an entirely different matter. Make sure you know in advance what you might have to pay to get your jewelry back.

Exercise great care when you’re getting into gold trading. The gold market has more than its share of disreputable dealers. You must be diligent and do your homework. It’s important to be cautious and do full research.

Know what you have when it comes to gold. Not everything is worth what you think it’s worth. Often, you will find other metals mixed into the gold in order to strengthen the item. That can make it less valuable. Items that are just plated in gold can also be affected. If you don’t know what you have, have it appraised before trying to sell it.

Look at the BBB before selling gold to jewelers, dealers, gold buyers, and the like. The BBB has information about each business including any complaints or reviews from others who have used their services. You should especially pay attention to any customer complaints filed as well as what the resolutions were. If there are many unresolved complaints, or a huge number of overall complaints, think about giving your business to someone else.

If you’re not looking to own gold, you’ll still be able to invest in it. You can buy gold shares in an ETF, a mutual fund with a focus on gold, or in gold mining equities. If you decide to buy physical bars or coins, remember to consider how much it costs to store the gold securely.

When you are negotiating with someone dealing in gold, read all the forms that are given to you. This business deals with large amounts of money. You need to know precisely what you are signing. If you aren’t a fan of the terms, go somewhere else. You have to make sure you financially protect yourself.

Prior to buying gold, be sure you know the dealer. In order to ensure you’re dealing with a legitimate dealer, check the BBB. In this way, you can check reviews, experience, complaint resolution and more. If you find filed complaints, you may want to think about going with a different dealer altogether.

Now take these tips about gold investing and apply your new found knowledge. Use these tips and set yourself some goals. Yes, gold is a great investment that can help you plan ahead for the future.

Time To Get The Knowledge About Gold You Need

Even a novice investor can make money in the gold investing game if they have the proper tools when they begin. Does that sound interesting to you? If you are, keep reading to find out what you can do about it.

Think about selling gold on the Internet. You don’t have to go to a jewelry store or pawn shop. 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. You will receive payment based on the current market value of gold when your items arrive.

Scrap Gold

Scrap gold is an excellent investment if you are working with limited investment money. You can accumulate scrap gold as you can afford it and have a pretty nifty next egg in a few years. Keep your stash in a safe place until you have enough of it to cash in.

Only buy gold jewelry from a seller if they have a return policy 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.

Be cautious with the gold market. There are some shady companies 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. You have to do your research to keep yourself safe.

Be sure you know what everything in your sales contract says. If you use any of the abundant mail-in gold buyers, study the fine print carefully before making the sale. In this way you can determine what percentage of your profits will go toward fees and commissions.

Prior to selling gold, make sure you separate it by karat weight. A vendor may scam you by weighing what you have together by the lowest weight in karat. They will rip you off. Rather, pre-separate the pieces so you can get the most money you can.

You can sell your gold by mail. Sellers often like the simplicity of this process. You are given an envelope that is prepaid and you pack your jewelry into it. After a while, a check comes to you. One thing to consider, though, is that the majority of these places won’t pay nearly the same amount as a local place in your area. You might receive up to 30 percent less concerning an item you sell, so be aware of this.

Gold has gone up in value over the years and that’s great news for those that have invested in gold. Investing in gold depends on how good the dollar is doing. Basically, when the dollar is weak, gold is strong.

A smart gold investor understands how to perform a test to know what the grade of gold is. The purity of gold is measured in units called karats. The higher the karat number, the costlier and more pure the gold will be per ounce. Don’t just believe the karat value expressed by the karat stamp. When you know how to test gold, you’ll ensure that you get good quality.

To get a good deal and protect yourself, research the gold buyer critically. This is crucial when you use mail-away services for out-of-state buyers. Companies that buy gold ought to be listed with your local BBB, where you are able to find out if complaints are filed against a company.

If you wish to sell gold online, check the prices a couple times before you start. Many times you will be able to find a better local deal than you can receive on the Internet. Mailing it can be more convenient; however, it may not be worth the hundreds more that you can earn in person.

Clearly, the new gold rush is open to one and all. If you hesitated in the past, these tips should help you feel more comfortable about it. Now that you know more about the gold market, you can make your investment with confidence. Get your feet wet and begin growing your wealth today.

The Golden Dream: Making Money With Gold

The value of gold has been high since the dawn of time. While we all love gold, we don’t all know how to determine its true value. This article will help you learn about buying and selling gold.

Look for a gold buyer that has a good reputation. Check online reviews, BBB.org and their websites. Also get more than one offer for your gold. This will ensure you get the best possible price.

Gold Items

Consider selling gold online. Gold transactions do not require traditional physical storefronts. It is possible to utilize a website to sell gold items. The website will send special kits where you are to return your gold items. If everything works according to plan, you will get paid at market prices.

If you’re interested in investing in jewelry made of gold for someone other than yourself, make sure that you have the ability to return it for a full refund if necessary. It is hard to tell if that jewelry is going to fit another person, or if that person is going to want it. If that happens, you want to be able to send the jewelry back and get your money back as well.

Keep in mind that gold dealers will buy anything that’s got gold within it. For example, you might sell home accent pieces, dinnerware, and old or broken rings and necklaces. It doesn’t have to be all gold either. It could be plated gold or it could be that just a portion of the item is made of gold. You’ll still get a decent return on your sale.

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 let this discourage you, because you will eventually find the buyer you are looking for.

Use GoldMoney to buy gold. It’s like opening a bank account, but for gold. You will simply establish and account, deposit fund and receive the value of your account in gold. While the gold itself physically remains within a bank vault, you can deal with it as you see fit.

Even though gold buying can be thrilling, try not to talk much about it. Someone around you could be listening in and be untrustworthy. Protect your gold by storing it somewhere secure. Doing so means you are protecting your gold.

Approach the market with caution. Every marketplace has bad apples, but the gold arena is renown for possessing quite a few. Many people want to keep the money you are owed for themselves. You have to do your research to keep yourself safe.

Do your research before selling gold. You should see what other pieces like yours have sold for. Doing this will provide you with a helpful price to work around. Just make sure to go a little higher than what you actually want so that there is wiggle room for negotiation.

Investigate several gold dealers before choosing one to do business with. You’ll be surprised by all the different offers you’ll get. If you choose to sell to the first buyer, you might get a bad deal. Putting in a little time at the beginning can mean maximum cash in the end.

As is now quite clear, gold is a precious commodity that is easily traded. It is sensible that gold keeps its value since it goes up in value while time passes. Now that you’ve read this article, you are prepared to start dealing in it.

Make The Most From Buying And Selling Gold With These Tips

Gold investing has become increasingly popular after the recent economic downturn. Perhaps you would like to know how gold can help you out financially, but you don’t know much about it. Read on to educate yourself about this market.

Be sure to find a reputable gold buyer to do business with. Get with the Better Business Bureau or check out reviews online if you’d like to learn about someone’s business. A reliable buyer is going to give you more money and provide you with good customer service when compared to shady buyers. Doing this protects your investment.

Before you buy gold, be sure you know exactly when it will be delivered to you. If delivery isn’t immediate, then you need written confirmation from the seller about your pieces. Your expected receive date should be listed. Only go through with your order if you obtain this document.

Ensure that your retirement investments are approved. Your gold has to be IRS approved. They require that the gold be coins or bullion bars that are 24 karat. You should be more inclined to buy gold bars, which hold greater value than coins.

Be aware that it is possible to sell anything with a gold content to gold dealers. It could be a broken jewelry item, table settings, home decor items or anything that is in the house. Mixed metal items can be sold as well. It just needs to be plated or maybe only a part of it’s gold. You can still get a good return on the sale.

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. Private sellers and pawn shops just want the melt value. If you are selling a piece of jewelry, you should pursue a better deal.

If you don’t want to worry about storing, shipping and insuring your gold, consider buying GoldMoney instead. You will own some actual gold, but it won’t be in your possession. After creating an account and depositing your money, you are allowed a corresponding amount of gold, which is then linked to your new account. The gold is in a vault being protected, but you can sell it or even have a bullion bar shipped to you.

There are many unexpected places to find gold, including thrift stores and antique shops. You can find bargains in these places. People frequently give these things away without understanding their value. If you conduct research, their loss can turn into your gain.

Know exactly what you have. Pieces that appear to be gold may not be worth gold’s weight. Usually other metals are combined with gold to provide more strength. Items that are not pure gold have a lower value. Gold-plated items apply the same principle. Have your pieces appraised before sale to determine their value.

Don’t go into the situation blindly when selling gold; always know what the market price is. Look to see what others are asking for when it comes to similar prices. This will give you a price point to work with. Ask a bit more so you can negotiate.

Rich Quick

You must know what investments to make before you actually start investing in gold. You will find that there are fraudsters waiting at every corner wanting to take you for a ride. On the other hand, you need to stay mindful about anyone who promises you they can make you rich quick. You will certainly avoid the getting rich quick way of thinking if you have realistic expectations.

There is no doubt that gold investing is more popular than ever, perhaps as a result of financial instability that has swept the globe. When you understand the gold market, you can get the best deals available. Use these tips to make a killing!

Want To Make Money In Gold? Read These Tips.

Gold has long been seen as a secure way of amassing a personal fortune. Unfortunately, dealing in the gold market is not foolproof, making it possible to confuse even experienced gold investors. Keep reading the material that follows below to gain a useful education on the ins and outs of buying and selling 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 reputable buyer will typically pay you a fair price for your gold, and they will offer better customer service than less reputable buyers. Protect your invest and look into these companies.

Prior to buying a piece of gold from a seller, make sure you schedule for timely delivery. It you don’t have it delivered immediately, find out when you will receive your gold. Your expected receive date should be listed. Do not complete your order without this important information.

Buy the right gold if you are investing for retirement. The gold has to be IRS approved. You want to make sure you buy 24 karat coins or bullion bars. Over time, gold bars appreciate better than gold coins.

When you’re dealing with any type of gold it can be of valuable to someone that buys it. Whether it is jewelry or home decor related, it could be an everyday item that you have within the home. It doesn’t have to be 24 karat either. It may simply be gold plated or part of the item has gold within it. They won’t be worth as much but you can still get money for them.

Be sure you know about the gold in your possession. Not everything is worth what you think it’s worth. A lot of times, metals are combined with gold to make the piece stronger. That can make it less valuable. Items can also be plated with gold. When you don’t know what you’ve got, have it appraised ahead of selling it.

Use a magnet to test inexpensive jewelry to determine if it consists of steel. Gold, unlike other metals, will not be attracted to a magnet. Sometimes a jewelry piece is only plated in gold with a solid gold clasp. This is a smart idea to test it this way.

A smart gold investor understands how to perform a test to know what the grade of gold is. The purity of gold is measured in karats. Gold’s value by weight increases with its purity, and purer gold receives a higher karat rating. The karat stamp alone is not an indicator of the true purity of gold. When you know how to determine a gold item’s purity, you will be assured that you won’t overpay for low quality.

If you have just started investing in gold, keep things simple. Avoid investments like gold futures, despite their popularity. Futures are volatile and complex. It’s possible to burn through a great deal of money without turning a profit if you flounder into a market you don’t really understand. Be sure you let seasoned investors grab these types of investments.

If your gold pieces are going get melted down, you probably have the option of retaining any small gems currently in them. They might be hard to get out if they are tiny. Small gems hold no interest to dealers and they have no value either.

Stock Market

Unload gold coins when prices are high. Values fluctuate on a daily basis. Understanding stock market fundamentals will help you manage your money. The time to sell your gold is when the stock market is rising.

When you invest in gold, you want to do so thoughtfully. You should think of it more along the lines of wealth insurance. Only buy when the market is stable. When the economy goes down, gold is often in shortage.

Gold has made and broken men a thousand times before. It is important, however, that you are well educated before entering the gold trade market. The information in this article should give you a good jumping off point for buying and selling gold.

Fantastic Tips About Gold That Are Simple To Understand

In these times of financial uncertainty, many people turn to gold to build a retirement nest egg. Unfortunately, dealing in the gold market is not foolproof, making it possible to confuse even experienced gold investors. Keep reading the material that follows below to gain a useful education on the ins and outs of buying and selling gold.

Bullion bars are a great choice if you wish to put your money in gold. The weights will vary. They start at a mere half-ounce, but also rise as high as four-hundred ounces. The larger bars can be very difficult to find.

Think about selling your gold on the Internet. Gold dealing doesn’t require physical stores anymore. You can use one of many websites out there to sell your gold. You will receive a package that details how to send you gold pieces. You will receive payment based on the current market value of gold when your items arrive.

Gold Jewelry

The high price of gold may give you the idea that gold-filled or gold-plated jewelry is better. But, it is still possible to purchase gold jewelry without having to go to a jewelry store and spend a fortune. You can buy gold jewelry more cheaply in pawn shops or online.

If you have no idea what your gold might be worth, than an appraisal is a good idea. It costs a bit of money, but you’ll have a good idea of what your gold is worth. Look for an independent appraiser who is properly accredited if you want the most accurate value. When you sell, you won’t get the whole appraisal value, though.

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. If you are selling to pawn shops or most private sellers, expect them to offer the melt value. If you are selling a piece of jewelry, you should pursue a better deal.

Use GoldMoney to buy gold. This service is similar to a bank account that holds deposits in bullion rather than currency. Set up the account, deposit some funds, and you get gold at the price that correlates to the account. Instead of keeping up with the gold in your own home, it is stored in a secure bank vault. You can cash it out, divide it, or redeem it.

Shop around before making any decisions about a gold buyer. The offers you get might surprise you! By picking the first dealer, you could get a horrible deal. Taking your time can really end up getting you the best deal out there.

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. Then you can determine how much you will lose to fees.

Gold is often a lucrative, yet variable investment vehicle. You will probably observe some fluctuations on the short term but you should not let this stress you. If you are up to the challenge, you ought to minimize risk just the same. Only a very small overall percentage of your portfolio should be invested in gold. Invest up to 5 percent for best results.

When you sell gold, separate your gold into groups of different karat values. If you don’t do this, the buyer is likely to give you the price for the lowest karat. Gold with a higher karat value is worth more.

The value of gold has been on the rise over the past decade. 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.

Gold investing has created wealth for many people. You need to be educated to deal wisely in gold. Hopefully, the information listed above was a good starting place for you.

Unlock The World Of Gold By Following These Simple Tips

Investing in gold is a very popular way to protect your savings from inflation. An increasing number of people are investing in gold to secure their wealth, but a lot of people do not how to approach it properly. This article offers advice to anyone who wants get the best return from their gold investment.

Gold bullion bars are great investments. They come in weights that vary. The bullion bars come in half ounce bars and increase up to large bars weighing 400 ounces. If the 400-ounce bars interest you, you’re going to have a hard time finding them.

You’ll want to know just how much your gold will be worth when selling it. If you have made the call to sell any gold you have, group your pieces by karat value. Remember that jewelry will sell at its melt value, not the price the jeweler wants for it.

When selling gold, sell to reputable buyers. Use both Internet reviews and BBB complaints and information to discern someone’s reputation. Do not do business with a buyer who does not treat you as a valued customer or does not offer a fair price. Don’t let yourself be taken advantage of.

Always do your homework to find an honest and reputable gold buyer. Check with business groups and read online reviews. See how fairly treated former customers feel. Check for offers through different buyers to make sure you get the best price for your gold.

Think about selling gold on the Internet. Gold dealing is no longer something that takes a brick and mortar store. You can find a lot of websites to sell gold. You will receive a kit that will allow you to mail your gold items off. If when they receive it, all is as they expected, you’ll get their current rate.

Before you buy gold from a dealer, get a guaranteed delivery date. It you don’t have it delivered immediately, find out when you will receive your gold. The date of arrival should be something you can see listed. Don’t proceed with the order until you have this information.

If selling gold using a mail service, find out how much shipping will be. Many companies offer free shipping but charge more for mailing items back. You should be well aware of what this could cost in advance.

Be careful approaching the gold market. Markets all have their share of unscrupulous players, but gold is a market that seems to have many. Lots of people will scam you if given the chance. It’s important to be cautious and do full research.

You can sell your gold through the mail. A lot of sellers prefer this, as it is easy. A prepaid envelope comes to you; you place your jewelry inside and send it back to the company. Although this method of selling your gold is convenient, you might not get top dollar for your gold. Keep in mind that the convenience of mailing your gold is going to take a substantial chunk out of the money you end up receiving.

To get a good deal and protect yourself, research the gold buyer critically. If you plan to mail the gold out of state, this is even more important. Gold buying companies should be listed with the Better Business Bureau, where you can see if any complaints or issues have been filed against your buyer.

Following the global financial downturn, gold has become even more popular and important as an investment tool. When you have the correct information, you can invest in gold and make a fortune over time. This article provided you with a great starting point.

Gold Info You Ought To Know About

Gold has consistently held its ground since it was initially discovered a long time ago. Everybody cherishes gold, but not everybody is familiar with how to get it. You will find a wealth of knowledge in this article to help you get into the gold market.

It is always a smart idea to have more than one appraisal when you are considering selling gold. There are many places to get this done, and some will pay you more than others. When you have several estimates, you’ll have a better idea of what fair market value is.

Before buying from a gold seller, schedule a timely delivery. If your seller can’t commit to immediate delivery, get the delivery date in writing. The expected delivery date should be noted somewhere. Proceed with the order only if you get this confirmation.

You might have avoided gold because of the price, and chose instead to buy gold-filled or gold-plated pieces instead. You do not have to spend lots of money at a jewelry store to buy nice gold jewelry. Pawn shops can offer many good deals and there are also many online buying options.

Fully research any buyer that you’re considering sending jewelry to through the mail. Ensure you understand the reimbursement terms, and don’t neglect to purchase postal insurance for the package. Take pictures of anything you send so that you can settle any disputes that may occur later.

If you want to invest in gold but do not have much money, think about purchasing scrap. Invest small amounts of money in scrap gold. After a few months, you will have accrued a significant store of gold. Stash your gold in a place that is safe so that you can cash it in later.

When purchasing a piece of gold jewelry for someone else, be sure there is a return policy. There are time where you may have to return the jewelry. If this happens, then you need to be returning the piece in question for a refund.

If you’re unsure what your gold might be worth, then have an appraisal done. Though you will have to pay a bit, knowing its value is crucial. Make sure you go to an accredited and reliable appraiser to get valid appraisal papers. When selling gold jewelry, you will receive only a percentage of the appraised value.

If you want to sell gold, make sure the buyer has a state license allowing them to do so. While you can still get taken for a ride, licensed buyers tend to be more reliable. Many individuals, pawn shops and jewelry stores are interested in buying gold. Be picky about your buyers.

Never sell gold to a dealer or store with checking their ratings with the BBB first. They’ll have basic resources for you such as reviews and complaints from other customers. Look closely at complaints to find out whether or not they were satisfactorily resolved. If they have a ton of complaints or many that are unresolved, you should consider a different business.

One option when selling your gold is to send it away in the mail. It’s an easy and quick way to sell your gold. They send you an envelope, and you ship the gold to them, then they pay you by check. The price of this convenience, though, is that you will be paid considerably less for your gold. A seller might offer you as little as 30 percent of the value, so be careful.

Do not sell your gold for the sake of selling it. Gold tends to increase in price, so waiting may yield even greater profits. Holding onto your gold might mean some serious money over time.

When you are selling gold, sort your gold pieces by their value in karats. The gold’s value changes depending on the karat value. Mixing them together may reduce the worth. Higher karat values yield higher prices.

There is no doubt that gold is a valued commodity which trades well. Investing in gold makes sense, given how often it holds or even grows in value over time. 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.

Read This If You Are Interested In Gold

Gold generally trends up in price with a few downward fluctuations. Gold is always a great commodity to buy and sell. When the economy falters, values tend to rise dramatically. Keep reading to learn more about the gold market.

Go with a legit buyer if you’re selling gold. Use both Internet reviews and BBB complaints and information to discern someone’s reputation. A reputable buyer will typically pay you a fair price for your gold, and they will offer better customer service than less reputable buyers. Protect your gold investment and yourself.

Look into selling gold on the Internet. Visiting a broker to make a gold purchase is no longer required. You can also choose to use an independent online site to that specializes in buying gold. They’ll send you a kit in which you can send the gold items you wish to sell. They will give you an offer, if everything goes properly.

Gold Jewelry

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 still can get gold jewelry items without spending a lot at a local jewelry store. Find cheap gold in pawn shops or online.

Fully research any buyer that you’re considering sending jewelry to through the mail. Find out when you will receive your money, and never send your package without insuring it first. You can also protect yourself in case of any disputes by snapping some photos of your jewelry before sending it off.

Only buy gold jewelry if you can return it. It is hard to tell if that jewelry is going to fit another person, or if that person is going to want it. If this happens, then you need to be returning the piece in question for a refund.

Make sure that you know the current market value of your gold before selling it. You can find this on a variety of websites, and it can change daily. When you do buy, avoid more than an 8% markup. Be on the lookout for any unscrupulous dealers who try to get away with overcharging you.

Don’t rule out getting gold items from thrift stores or antique shops. You can find bargains in these places. Often, gold ends up in stores like this because the original owners didn’t realize the items they had were valuable. You stand to gain a great deal if you come armed with a bit of research.

Research the daily spot price before you sell your gold. Also, it might be beneficial to compare prices and see what others are selling similar items for. This will give you a price point to work with. People will haggle, so ask for more than you will actually settle on.

Use a magnet if you want a cost-effective way to determine whether or not the precious metal is real. Real gold won’t stick to a magnet. Sometimes, the only thing real about a piece of gold jewelry is the clasp. This method is good test for that.

You should note that even if a whole piece of jewelry is not solid gold, the backs of earrings or clasps may be. The bands of rings may be as well, even if the rest is an alloy. You can sell these small pieces together. By selling them as a collection you will get a higher price.

Scrutinize any forms that a gold dealer gives you. This is not a small-change type of business; there is big money involved. It’s best to pay attention to what you’re signing your name to. If you aren’t a fan of the terms, go somewhere else. Sometimes this is right thing to do to protect your interests.

As you likely know, our economic system weighs itself against gold. Thus, if you want to benefit from trading in gold, you need to fully understand how to best use it to your advantage. Use the information gained here to secure your hold on the gold market.

What You Probably Did Not Know About Gold

Gold value is always fluctuating, but the overall trend is always rising. Any precious metal, especially gold, always has a verdant market for trading, selling and buying. When the economy is tough, the price of gold often remains high. Keep reading to learn more about the gold market.

Be well informed about the value of precious metals before buying or selling gold. Metal prices fluctuate constantly, so you need to know the price on any given day for a transaction. You also will have to pay more than melt value, but you will sell below melt value.

Sell Gold

Why not make money selling your gold to online buyers? You don’t need a storefront to buy and sell gold. There are dozens of reputable websites where you can buy and sell gold. They’ll mail you a kit which you use to send them the gold. They will pay you their standard per ounce price for your gold.

Before buying from a gold seller, schedule a timely delivery. If this is not possible, make sure you get a written contract outlining when the items will arrive. The expected delivery date should be noted somewhere. Do not complete your order without this important information.

Check gold prices on the day your are buying or selling gold. This price changes every day. You can locate it on several different websites. When going to buy the jewelry, you should not have to pay higher than 8% markup over the spot price. Some dealers will try to charge more, but they are overcharging and oftentimes, not ethical.

Don’t brag about your gold purchases, no matter how excited you are. You don’t know who to trust or who is listening. Keep your investments safe and secured in a bank or home safe. That will help protect your gold and you at all times.

Start your investing journey carefully. There are many unscrupulous companies out there who deal with gold. A lot of companies and individuals trading in gold rely on taking advantage of unsuspecting consumers in order to increase their profits. Therefore, it is important to proceed with caution and research each company carefully.

Ask what method is used to determine the purity or karats of your jewelry. In most cases, the item is simply stamped. Some sellers are trained to calculate the value of a piece of gold that is not stamped. An acid test can be a very simple way of doing this, so be aware of that.

You must know what investments to make before you actually start investing in gold. There are those who say they’re market gurus and want you to invest with them. Do not buy into promises of quick riches. Do not think of gold as some way to get rich quickly, and you won’t be disappointed.

Earring backings are often solid gold, even when the earrings are not. Quite often, necklace clasps and ring bands are real too. These pieces don’t weigh much, so try selling them all as a “lot.” This is when many pieces are sold together to net a larger profit.

Be sure to separate all your gold items by karat weight before sale. Weighing the items separately ensures you get the true value its worth, but some sellers won’t do this. This of course results in fewer dollars for you. Separating the gold before you go prevents this from happening.

Have some idea of who you are selling to. Call the Better Business Bureau to make sure dealers are reputable. You can phone the BBB or visit their website to see if any customers have filed any complaints against a company for not-so-great business practices. If the dealer does have complaints filed against them, look for another dealer.

When preparing to sell gold, separate it based on karats. The gold values differ by karat values so if all the gold you have is weighed together, it won’t be the best value you can get. The money you receive in return depends largely on how much each karat value is.

You are probably aware that many currencies used to be backed by gold. So, if you want to deal with this volatile commodity, you need to know a few things about the marketplace. Be sure to keep the advice in this article in mind in order to get on the right path with gold investing.