One of the most sought after metals is gold. Man has treasured gold since it was first discovered thousands of years ago. Here is some advice on how to get started with gold, whether you’re planning on investing or just looking to buy gold jewelry.
When you sell gold, get an idea of value from a number of sources. There are lots of services, jewelry stores and pawn shops that buy gold. Of course, they will want to make a profit when they sell it. If you’re able to work with a couple of different places, you can see if you’re getting the best deal.
Understand the spot price of gold before selling any. Weigh your gold by karat for the greatest deal. Don’t sell jewelry with a designer name that has a higher worth than straight melt value.
Go with a legit buyer if you’re selling gold. Verify their good standing by checking with the BBB and reviews online. A reputable buyer will typically pay you a fair price for your gold, and they will offer better customer service than less reputable buyers. Don’t let yourself be taken advantage of.
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. The date of arrival should be something you can see listed. Don’t go through with the order if they can’t provide you with the delivery date in writing.
If you do not have a large amount of money to start off with, why not consider purchasing scrap gold. If you do this on a regular basis your collection would grow quite quickly. Protect your gold until you can sell it.
You can sell anything that contains gold to gold dealers. That could be broken pieces of jewelry, tableware, home decor, or anything else you have around. Even things that are not pure gold can have value. It could just have a tiny amount of gold or be gold plated. Any amount of gold will get you back a nice amount of money.
Comparison shop when selling old gold jewelry. Bear in mind that the market price for gold you can find online (the “spot”) is only an average; different dealers will offer you different prices under (or even over) the spot. This is because they must take into consideration their overhead and commissions when purchasing gold.
Only sell to buyers that have a state license to buy gold. Licensed buyers will probably be reputable. Do not be forced into selling to the first buyer you find if you are not happy with the terms on offer.
Buying gold can be exciting, but you might not want to tell a lot of people about it. This is because you never truly know who may be listening. Protect your gold by storing it somewhere secure. That will help protect your gold and you at all times.
It is crucial that you understand the gold market before you try to sell any. You should see what other pieces like yours have sold for. This gives you an idea of what you should get. People will haggle, so ask for more than you will actually settle on.
Read and understand the fine print in a sales contract. If you are going to sell gold pieces to a mail-in buyer, look at the fine print prior to selling to them. This way, you will know the exact amount of the fees and commissions you will be paying.
Now you know about the absolute value of pure gold and why it’s treasured by many people. Gold is a great investment that’s beautiful to look at and wear. Use these tips to begin investing in gold.