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

Make The Most From Buying And Selling Gold With These Tips

Unless you are familiar with the workings of the gold market, it’s almost impossible to make it an important part of your wealth portfolio. You don’t dive in head first; however, it’s not that hard when you’ve got the information that you need. Read the article below to learn how to do it right.

Bullion Bars

Bullion bars are a great way to invest in gold. Bullion bars come in a variety of weights. They can range from a half an ounce to bars that weigh four-hundred ounces. The larger sizes are considerably more challenging to find.

When you decide to sell gold, you should get a few sources to give you an estimated value. There are many buyers who purchase gold, but prices vary from one professional to the next. By seeking multiple estimates, you are able to determine whether an offer is truly fair.

Gold prices fluctuate on a regular basis, so make sure you have up-to-date information about gold prices before selling something. If you are selling gold, sort it by karat so that it can be valued separately. A designer piece, however, shouldn’t be sold because the item as a whole could be worth more than just the gold.

Prior to selling or buying gold, be certain you know how precious metal pricing works. Gold, platinum and silver prices tend to fluctuate daily, so make sure you check the spot price on a specific day before you make a transaction. You should be ready to pay a higher percentage for fractional pieces like half ounces and quarter ounces over the melt prices.

Get an appraisal if you have no idea what value your gold holds. This adds an up-front cost, but it could save you a lot of money later. Use an accredited appraiser for best results. If you choose to sell your piece, know that you probably are not going to get the full appraisal amount.

Get a good education in precious metal pricing before you try to buy or sell gold. Silver, gold and platinum prices fluctuate often, and therefore you need to verify spot pricing the day prior to your intended deal. Gold pieces with fractions of an ounce will command higher prices than pieces weighing one ounce.

Melt Value

When it comes time to sell your gold, figure out if you would like to sell it for its melt value or simply as a piece. Many buyers only want to pay for the melt value of the jewelry. Never let this dissuade you, however, as you are sure to locate an appropriate buyer eventually.

Always read small print in sales contracts. If you are selling gold by mail, this is even more important. That way, you will be aware of the cut of your proceeds that will go to fees and commissions.

If you are considering a gold buyer, do some research on him to make sure he is reputable. Check with business groups and read online reviews. See how fairly treated former customers feel. Shop around to get the best price for your gold.

Karat Weight

When selling gold, categorize it by karat weight. When you try to sell your gold as one large group, the seller might attempt to weigh everything at the karat weight that is lowest. You’ll get less money that way. Instead, separate each karat weight before going to the dealer.

You have learned much more about investing in gold, and now you must put those tips to use. Look for every opportunity to translate these tips to personal wealth. Gold can be a key part of planning for a successful financial future.

You should think about selling gold over the Internet. You don’t need a storefront to buy and sell gold. You can use one of many websites out there to sell your gold. You can get a kit to send your gold to these websites for money. If when they receive it, all is as they expected, you’ll get their current rate.

Comments are closed.