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

Need A Good Source Of Ideas About Gold Then Continue On!

The state of the economy has caused people to both purchase and sell gold these days. Perhaps you want to build your own reserves yet are unfamiliar with the formula for success. To get started the right way, continue reading to learn more.

You may think that solid gold jewelry is too expensive and choose to purchase gold plated or filled jewelry. You do not have to spend lots of money at a jewelry store to buy nice gold jewelry. It is cheaper online and at pawn shops.

Consider a fair return policy as an absolute necessity when you’re purchasing gold jewelry, especially if you intend to make a gift out of it. It’s entirely possible that a particular piece ends up being improperly sized or simply unappreciated by its recipient. If that happens, you want to be able to take the piece back for a refund.

Before buying or selling gold, be sure you are aware of how metals are priced. The prices of metals like platinum, gold and silver can fluctuate greatly in just one day. Before you do any buying or selling, check the market prices beforehand. A higher percentage over the melt should be expected when purchasing fractional gold pieces such as 1/2 or a 1/4th ounce against a one ounce piece.

Melt Value

When selling gold, you must decide whether you’re selling a piece for its melt value or just jewelry. Most pawn shops and gold buyers will purchase your gold jewelry for melt value. Don’t let this hamper you, because you’ll find the right buyer eventually.

Though purchasing gold is thrilling, don’t go around telling everyone about it. You may not know who is overhearing you, or who is trustworthy. Keep it to yourself and protected, either with a decent home safe or in a bank. This protects you as well as your gold.

Before you buy gold from a dealer, get a guaranteed delivery date. If the seller delays delivery, you have to get a written confirmation on when the expected delivery date is. The date on which you can expect to receive the items should be provided. Proceed with an order only if this information is forthcoming.

Make sure that you step up to the market with a sound mind and wary eye. All markets have their flaws, and the gold one is no exception. Despite your best efforts, some buyers and sellers are more than happy to cheat you wherever possible. You have to do your research to keep yourself safe.

Use a magnet to test inexpensive jewelry to determine if it consists of steel. Real gold won’t stick to a magnet. In some cases, jewelry may have a clasp that is made of gold, but the rest of the jewelry piece is made of plated metal. Using this technique will help ensure your pieces are solid gold.

Fine Print

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 snapshot of everything that you send in the mail for security.

Always read any fine print on your contracts. Read any fine print before you decide to offer your gold to a mail-in buyer. This helps you see how much is paid toward commissions and fees.

Look at the BBB before selling gold to jewelers, dealers, gold buyers, and the like. You can usually find out about complaints and customer reviews. Pay close attention to whether any of the complaints were not settled in a satisfactory way. If a business has a lot of customer complaints or unresolved complaints, avoid using them.

The gold market is really on an upswing these days. To get the most out of the gold market, you need to know how to purchase it and sell it. The information in this article should be sufficient to get you started.

When you buy gold for another, make sure it has a return policy. You have no idea if the person for whom you are purchasing the piece will like it or if it will fit. If that happens, you want to be able to take the piece back for a refund.

Comments are closed.