We Pay Cash & Top Dollar For Your Gold
CALL US NOW: 480.779.6197

Curious About Trading With Gold? Try This Expert Advice

One of the most sought after metals is gold. Gold was discovered centuries ago and has been valued since that time. Keep reading for information on investing in gold and maximizing your purchasing power.

When you invest in gold, it is a good idea to go with buillon bars. These bars come in varying weights. From .5 ounces to 400 ounces, the choice is yours. The larger sizes are considerably more challenging to find.

Arrange for delivery of your gold at the time of purchase. When dealing with a vendor, it pays to seek written confirmation of the expected delivery date. This is crucial if they do not offer the option to deliver immediately. The date on which you can expect to receive the items should be provided. If you cannot get this document, do not complete your order.

Knowing the current market value of gold is important prior to selling or buying it. 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.

Gold Jewelry

Gold is high in price, and this deters some. You might choose gold-plated or gold-filled pieces instead of ones that are full gold. You do not have to spend lots of money at a jewelry store to buy nice gold jewelry. You can get gold jewelry cheaper online or in pawn shops.

If you plan to sell jewelry through mail-in companies, make sure to do your research first. Find out when you will receive your money, and never send your package without insuring it first. Take pictures of anything you send so that you can settle any disputes that may occur later.

Realize that any piece containing gold is marketable. Don’t overlook flatware, watches, jewelry and even broken pieces as potential sources of profit. An item need not be made purely of gold. The items can be gold-plated or made of an alloy containing gold. The amount you can get will depend on how pure your item is.

You can get varying prices depending on how you sell it. Pawn brokers and private sellers may just want to pay 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.

GoldMoney can be helpful when purchasing gold. It is akin to establishing a bank account in which you deposit gold. 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 resides in a bank. From there, you can sell it or do a number of other things with it.

As exhilarating as gold gets, don’t run your mouth about it. Anyone could be listening at any time, and you cannot trust everyone. Do not tell others about your investment, and keep it locked up either in a home safe or at a bank. This will help protect you.

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. You may get more if you can wait to sell it to a buyer who values it as a beautiful piece of jewelry. Don’t give up; eventually, the right buyer will come your way.

Know exactly what you have. Just because something looks like gold doesn’t mean it is worth gold’s weight. Usually, there are other metals mixed with gold for stability. This makes the value lower. Gold plate is also not very valuable. If don’t know what you’ve got, have it appraised before you sell it.

Carefully read and check the small print in the sales contract. If you’re using a mail-in gold program, read all the fine print prior to committing to the deal. This way, it will be clear how much you are paying in fees.

You should always contact the BBB prior to selling your gold. They’ll have basic resources for you such as reviews and complaints from other customers. The key thing to look for is how complaints against the business were resolved. If the purchaser has any unresolved complaints, steer clear of them.

On the day you are planning to buy your gold, check the spot price. You can find this on a variety of websites, and it can change daily. Never buy something listed at more than ten percent of the spot price. Some dealers charge more than that, but it is a rip-off.

Gold is a very lucrative but volatile investment. If you can’t handle losing money, this is not the investment for you. However gold is perfect for long term investments. Only a small portion of your portfolio should be tied up in gold. A prudent limit is about five percent.

Now you know about gold’s value and why so many people throughout the world treasure it. Gold is a great thing to invest in, and it looks great too when you wear it. Use the advice from this piece and get going on your gold investing plan.

Comments are closed.