Monthly Archives: April 2014

How You Can Make Money By Selling Gold

Gold prices keep raising every day. If you are curious as to where to begin in this market, know that you are able to trade gold like the pros. Here are many excellent tips that’ll help you, so you can earn big profits with gold.

Prior to selling or buying gold, be certain you know how precious metal pricing works. The prices of precious metals fluctuates daily, so it’s best to know the price of the day. Understand that you will likely pay a higher price for fractional pieces. A half an ounce, for instance, will not exactly cost one half the price of an ounce, it will be slightly higher.

Research any mail-in gold jewelry purchaser before sending your jewelry off to them. Ensure you understand the reimbursement terms, and don’t neglect to purchase postal insurance for the package. Lastly, take a photo of all that you placed in the package in case there’s an issue later.

If you have an interest in getting into the gold markets, but don’t have a lot of investment capital, consider buying scrap. You can do this over a period of time, say around each pay day, and accumulate a considerable amount of valuable gold within a year or so. Find a secure place for your stash until there is enough for you to cash it in.

Before selling you gold through the mail, be sure you know what the procedure is for getting your items back and any costs involved in doing so. Most companies will give you free shipping to them but charge you an arm and a leg for return postage. Be certain you know exactly what those fees will be.

When it comes to purchasing gold, GoldMoney is a site to consider using. It is very much like opening a “gold banking account.” All you do is set up the account, deposit funds, and then you are assigned gold to your account. Although you own the gold, it remains stored securely in the company’s vaults. You can sell it, portion it out, or even (given the right conditions) arrange to take deliver of it yourself.

Don’t let others know you invest in physical gold. This is because you never truly know who may be listening. You want to keep these investments safe, mainly stored at the bank or at home if you’ve got a good safe. That will help protect your gold and you at all times.

You never know where you will find valuable gold; places like thrift stores are often great places to discover good deals. If you know what you are looking for, there are bargains to be found in such places. Seller don’t always know the value of the gold they own. You can gain from their loss!

Now that you have read this piece, you ought to have lots of ideas about getting started with gold investing. Whichever way you get involved, you can realize profits with these tips. Keep this information in mind so you are prepared.

Good Tips To Use When You Need Information About Gold

Many folks make gold investments because they know their money will be part of the safest market around. It is generally thought that gold is a good investment in times of economic turmoil. Continue reading to learn how you can protect and grow your wealth using gold.

Gold bullion bars are great investments. These bars are available in a number of different weights. You’ll see them as four-hundred ounces or even a half ounce. It will be harder to find the bigger bars.

Gold Prices

Gold prices fluctuate on a regular basis, so make sure you have up-to-date information about gold prices before selling something. If you sell gold, pieces that have various karat values need to be valued and weighted individually. Don’t sell jewelry with a designer name that has a higher worth than straight melt value.

Stick with a reputable buyer when selling your gold. Verify their good standing by checking with the BBB and reviews online. Reputable buyers offer great customer service along with fair prices. Do this to protect yourself and your gold investment.

Before buying or selling gold, know how precious metal prices work. 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 must be prepared to pay higher percentages over the melt values for fractional gold pieces like 1/10, 1/4th, and 1/2 ounces versus one-ounce pieces.

Sell Gold

You can sell gold online. You don’t have to go to a jewelry store or pawn shop. You can find a lot of websites to sell gold. You can get a kit to send your gold to these websites for money. You will receive payment based on the current market value of gold when your items arrive.

If you’re buying gold to save for your retirement, buy the right type. The IRS must give its approval for your investment. That means only 24 karat and only coins or bullion. Try to buy gold bars more than coins, because they are much more valuable.

If you don’t have much money to invest in gold, you could start by purchasing scrap jewelry pieces. This can be done bit by bit. For example, you might invest a bit each payday to amass an impressive collection of gold as time passes. However, ensure that you have secure storage for your collection.

Be careful in the gold market. Of course, all markets have their bad apples. However, the gold one has lots of them. Many people would like to take advantage of your lack of knowledge on gold. The benefits of caution and careful research simply cannot be overstated.

Talk to a gold representative to learn how they test gold for purity. In most cases, gold will be stamped with the karat it is made with. However, you may see no sign at all but there are ways to determine its value. One simple way to do this is to use the acid test; if your rep does this, he might be a novice in the business.

If you understand the gold market, you can profit off it. Since you just read about great tips on gold, there really is nothing preventing you from jumping into this market. Take all the advice here and use it wisely as you move forward with your investments.

Read These Tips About Making Money With Gold.

If you’re looking to jump into the gold market, it can be a great way to spread the risk around of your entire financial portfolio. That said, you need to understand the market and the options available to you. Read on to learn about the attraction to golf and why its a valuable investment.

Bullion bars might be the best gold investment you can make. These bars come in varying weights. The bars vary in size from half an ounce to 400 ounces. You will have a hard time if you are seeking the largest size.

Prior to doing anything with gold, be it buying or selling, you must become knowledgeable about how pricing operates. Gold, along with silver and platinum, have prices that change on a whim. Therefore, you must always know what the spot price currently is. Understand that you will likely pay a higher price for fractional pieces. A half an ounce, for instance, will not exactly cost one half the price of an ounce, it will be slightly higher.

Before you put down your money for gold, make sure you have a firm delivery commitment from the seller. To ensure timely delivery request a confirmation on the shipping date. You should be provided with the estimated date of delivery. Only make the order if you have such a document.

Buy Gold

You might have avoided gold because of the price, and chose instead to buy gold-filled or gold-plated pieces instead. However, don’t feel that to buy gold of real value you need to pay a high price in a fine jewelry store. Online auctions, estate sales and pawn shops are only some of your options.

Buying gold can be exciting, but you might not want to tell a lot of people about it. You never know who else could be listening or who you can really trust. Make sure you keep your gold investments to yourself and protect them by storing them in a local bank safe deposit box. This will protect your gold in all circumstances.

Talk with a gold expert on how they go about attaching a price to a piece of gold, so you know how much a karat is worth. Many pieces of jewelry will be stamped with a karat rating. However, at other times, there is no stamp, so a lot of reps use other ways to find out. An acid test can be a very simple way of doing this, so be aware of that.

Carefully read and check the small print in the sales contract. This is especially important if you decide to sell some of your gold items through a mail-in program. This will show the commission and fees associated with your transaction.

Hopefully, you feel like gold has a place in your portfolio now. It’s something you can get into to have against your regular cash, stocks, and mutual funds. Get a firm understanding of the risks and benefits involved in the excellent investment choice – gold.

Use These Ideas And Increase Your Gold Knowledge Today!

Even though many currencies are losing value, gold is the exception. Clearly this poses some interesting opportunities to pad your investment earnings. Many things need to be considered as you trade in gold. This article can help you make the best out of each opportunity for buying or selling gold.

Research several gold buyers and compare them to obtain the best price for your gold. The BBB can be a great research, as can online customer reviews. Talk to several different buyers and get quotes from all of them to ensure you get the best price for your items.

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. 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.

You can easily test whether a gold piece of jewelry is real by using a simple magnet. Gold is not magnetic. Sometimes the clasp of a piece is solid, however the rest will be plated. That’s a great way to make sure.

Do not sell any jewelry solely for its gold content without seeking an appraisal. This is particularly true with pieces that have intricate details with considerable workmanship. Appraisals cost money, but often are a good investment. They may even give you a reference to a buyer.

You should always contact the BBB prior to selling your gold. It has basic company information on them, along with complaints and reviews from those that have dealt with them. You should especially pay attention to any customer complaints filed as well as what the resolutions were. If there’s a lot of complaints about one company, consider not using them.

When selling gold, make sure your items are separated by karat weight. The value of gold varies by karats, and weighing your gold together can cheat you out of money. Your gold means more at a higher karat.

Know your investment goals before investing in gold. It’s something that is great when used to shield yourself against inflation, but the investment is volatile. As long as you establish limits regarding exposure and make certain your goals are clear, you stand a good chance of doing well.

Like most investing, it is best to invest in gold for a lengthy period of time. This means you rarely invest when prices are high. Actually, this is a poor time to invest. You have to have your timing down pat.

If you are a beginning gold investor, avoid making things too complicated. Gold futures, for example, may not be right for you at the present time. Futures take time to understand, and they are prone to volatility. If you do not understand the process, you can lose money fast. Investors who have been in gold investing for a long time are the ones that type of investing should be left to.

Gold Coins

Gold coins minted before 1933 are a good way to get some exposure in the gold market. Up until 1933, gold coins circulated in the American marketplace until they were recalled by President Roosevelt. Some people kept their gold coins. These can be purchased today.

Gold isn’t a short-term investment. Consider purchasing a certain amount of gold over a short period of time as a way to insure your wealth. Watching the market and buying when the market is at its lowest is a smart idea. There have been gold shortages during hard economic times.

You don’t have to have a ton of money upfront in order to start investing in gold. No one says you can’t start small and then build. Simply buy gold when you have the money to do so. Your collection is going to build in time.

Prior to selling your gold, keep an eye on its price. This is because gold prices fluctuate daily; therefore, you need to determine when you should sell. Therefore, you can get some sense of the ups and downs of the prices. Doing your research can help you to get the very best deals out there.

Karat Gold

Always have each type of gold weighed individually when selling your gold jewelry. In this way, you can be sure of being paid accurately. A one-ounce necklace made of 18 karat gold, for instance, should fetch a much higher price than a one-ounce brooch of 10 karat gold.

Ahead of selling, have your gold valued. Dealers are well aware of the fact that people who want to sell gold are generally in need of cash. This is what gives them the idea that they can offer you very little money and get away with it. That’s why it is good to visit websites such as www.goldprice.org to determine the value of your gold.

Consider how the gold was made when you buy it. Gold that was handcrafted is worth more than gold made from a machine. Although the value you receive when it’s melted won’t vary, the significance in price is when you sell it as a jewelry piece.

Before you deal with a dealer, do your research. There are some bad apples in the gold industry. These people will try and get over on you if you let them. You must be very cautious and careful and do your homework to avoid being taken advantage of. Knowledge is power, and it will help you choose wisely.

You should realize that you won’t get rich by selling your old gold jewelry items. Contrary to what advertisements may tell you, the average person isn’t going to get rich off of their old gold. Some people just get a couple of hundred dollar bills for the gold they have.

It’s easy to see why the market for gold has remained so strong. Gold value has risen in recent years, and it has continued to do so. Just keep in mind that it is important to consider important buying and selling tips if you’re going to be entering the gold market. Keep this article in a safe place and refer to it whenever you need a little help.

Get To Know Everything There Is To Know About Gold

Lots of people are interested in the gold market because of the current shaky economic climate. But, most people are unaware of the gold market, preventing them from making good choices. Keep reading if you’d like some information on how you can buy and sell in the gold market.

Attain more than one estimate of the value of your gold. Gold buyers and jewelry stores are out to make a profit, so they’ll all pay less than the actual value of the gold you’re selling. When you have several estimates, you’ll have a better idea of what fair market value is.

All gold buyers are different, so it is important to look around and find someone that you feel comfortable doing business with. Look for online reviews and check the BBB website for complaints and resolutions. Soliciting multiple bids will help ensure you get the best price.

Gold Jewelry

Gold prices may be so high that you may feel that it is best to choose jewelry that is gold-filled or gold-plated instead. You do get to buy gold jewelry without spending a ton at an actual jewelry store. There is cheaper gold jewelry at pawn shops or online.

Before you mail off your gold, make sure that you understand the polices, fees and terms of the company you are dealing with. Be certain you have a clear understanding of the timeline involved, and make certain your jewelry is insured. Last, but not least, photograph each item you are sending via mail so that you have recourse if a dispute occurs.

Have a professional appraise your gold jewelry if you do not know how much it is worth. Though you will have to pay a bit, knowing its value is crucial. 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.

Find out if the firm you are mailing your gold to will ship it back, and how much that will cost. While most firms will pay to have you send them your items, they will charge you a considerable amount if you want them back. By knowing this information ahead of time, you can prevent unnecessary charges.

Using a brokered service such as GoldMoney may be the gold investment technique that best suits your needs. It’s like a bank account for gold. You create an account and fund it; then your account is given some gold at the market price. The gold resides in a bank. From there, you can sell it or do a number of other things with it.

Market Value

Do your homework about the market value of gold before you sell. You should see if you can figure out what people are selling pieces like yours for as well. That allows you to get an idea of the market value. Always ask for a bit more than you really want in order to allow for negotiation.

Prior to selling your gold to a buyer, jeweler or dealer, check them out on the BBB. You will see if there were any complaints and be able to read reviews from consumers who have conducted business with them. Pay special attention to any complaints and if they were resolved or not. If they have many complaints or lots of unresolved complaints, consider another buyer.

Don’t sell gold out of desperation if you can help it. The price of gold fluctuates, which is currently at its record high; eventually it will become an even higher price. You may be able to sell your gold for even more later if you hold onto it now.

Karat Values

When selling gold, separate it into groups with different karat values. 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 higher the gold content, the better the price.

During the last decade, the value of gold has risen by four-hundred percent. This is good news for people who want to sell their gold. The changes in currency value affect the value of gold. Usually, the price of gold goes up when the dollar’s value goes down.

When you’re selling jewelry for the raw bullion value of the gold in your pieces, make sure to ask about getting back any small gems included in your jewelry. They might be hard to get out if they are tiny. Small gems are not worth anything when an item of jewelry is melted, so most dealers don’t care about them.

People are getting excited about the prospect of making money using the gold markets. Frequently, though, they do not have enough information to be successful. Hopefully this article has offered a solution to that dilemma for those interested in gaining real expertise.

Curious About Trading With Gold? Try This Expert Advice

In the investment world gold is top priority. Don’t you want to learn more about gold investments so you can keep your investments profitable? There are a number of things to think about, whether you buy gold raw or just dive into mutual funds. This article explains the basics of investing in gold.

If you plan to invest in gold for retirement, be sure you purchase the right kind. This needs to be gold investments that have IRS approval. It needs to be either 24 karat coins or bullion bars. Bars are generally more valuable than coins and should, therefore, be favored.

Whenever you make an investment in gold in the form of jewelry, always ensure that you have sufficient documentation and can return it if required. People’s preferences in jewelry are different, and the piece might not fit the person. In those cases, you should return the jewelry for a refund.

Melt Value

When selling jewelry, be aware that most gold buyers will only pay you on the melt value. Pawn brokers and private sellers may just want to pay melt value. Don’t let this hamper you, because you’ll find the right buyer eventually.

If you’re using a mail-order gold buying service, make sure you understand any return postage fees you’ll need to pay if you decline their offer. A lot of companies say they’ll let you ship for free, but to get things back they charge quite a bit. Make sure you know in advance what you might have to pay to get your jewelry back.

Consider giving GoldMoney a try for gold purchases. It is very much like opening a “gold banking account.” You put money into it like any other account, (e.g. a savings account) but it’s converted into gold bullion. Your gold is physically kept in a vault where it can be cashed in, segmented or redeemed for bullion bars.

Do not forget to search thrift shops and antique stores for hidden treasures. A smart and educated gold shopper can make some great finds. Many people donate or sell to these places at low prices because they don’t know what they own. Your knowledge will help you get the better end of the deal.

How does the seller know what the karat rating is? Often, the item will be stamped. Some sellers are trained to calculate the value of a piece of gold that is not stamped. One method that can be used is the acid test.

Before you sell your jewelry for scrap gold, have them appraised. This tends to be true for pieces that have intricate workmanship and details. You may have to pay for the appraisal, but it might help you get more money. This is also a great way to locate buyers who might be interested in your gold.

A lot of times, earring backs are gold, even when the earrings themselves are not. Necklace clasps and ring bands often are too. You can sell these small pieces together. With a quality of items, you may be able to get someone to buy them together, hoping for greater profits.

Gold has the potential to be a profitable investment, yet the market can be volatile. If you can handle quick jumps here and there, avoid it. If your stomach can handle the rough ride, you should still protect yourself from losing too much money. You should invest only 10% of your portfolio in gold. It should be no more than five percent.

Be sure to find out about a buyer who may purchase your gold in order to be protected. This is crucial when you use mail-away services for out-of-state buyers. Reputable dealers will on file with the BBB and have few to no complaints.

The purest gold is the best to invest in. Golden jewelry will hold its value and can be worn as well. If the jewelry piece is especially well made, it can add to its investment value.

As with other types of investments, gold should be held long-term. It shouldn’t mean that you just buy gold at one specific price. That’s never a smart move for an investment. If you buy in both positive and negative times for gold, you will get a cheaper overall price.

Know what you’re buying. You can be taken to the cleaners if you buy gold plated coins rather than actual gold coins, for instance. To ensure you are getting a gold coin, have the coin appraised.

There is much more to buying gold than you knew before you read this article. Now, you’re equipped to make smart investment decisions. Take the advice you’ve learned so that you can start working on investing in gold for your future.

Become An Expert In Gold By Using This Advice!

Gold has gained popularity in the recent years. Though more and more people are using gold to help with finances, most don’t know how to properly do it. The following information will help you receive the most bang for your buck when it comes to gold.

You may shy away due to gold’s price, which may make you go for gold-filled or gold-plated jewelry instead. Before settling for a gold plated piece, understand that there are great deals out there on solid gold jewelry. Pawn shops provide great discounts.

Know the current price per ounce of gold before selling your pieces. This will assist you in determining if the offer you receive is fair. Most dealers are honest and stick close to market value, but a minority try to rip desperate people off by low-balling their offers.

Don’t have much money? Invest in scrap gold. This can be done in tiny increments which allow you to build wealth slowly. Ensure that the gold is safely stored and secured at all times.

Think about having your jewelry appraised if you are not sure of it’s true value. While there is a cost involved, you will at least then be fully aware of what you own and what it is worth. In order to have it valued most accurately, go with an appraiser who is accredited and independent. If you still decide to sell your gold, you should know that you will not be paid the full appraisal value.

Anything with gold can be sold to a good dealer. You could, for instance, sell some broken jewelry, some tableware, gold coins or many other objects. The purity doesn’t even have to be 100%. Even gold plated items will have some value. They won’t be worth as much but you can still get money for them.

If you take jewelry or scrap gold to local companies that will pay for it, shop around. The current value of gold may be one price, but that certainly doesn’t mean every buyer is willing to offer it. Stores located apart from larger shopping centers may have fewer fixed costs and are thus, able to pay higher prices.

Make sure you’re only selling to someone who has a license to purchase gold. This does not prevent you from getting scammed, but a licensed buyer probably has a better reputation. There is no shortage of places to do gold trading, so don’t feel pressured to take the first offer you get.

It is important to understand that market before becoming active in it. Of course, all markets have their bad apples. However, the gold one has lots of them. Lots of folks are willing to steal right out from under you. Always err on the side of caution, and fully research every option before taking it.

When you try to sell gold, you must research the market to find the right price. Check out the competition and what they are offering. This way you have an idea of what you can ask for yours. You should always ask for a slightly higher price so you can negotiate with the buyer.

Get a jewelry appraisal before you consider selling it for scrap. This is especially true for one-of-a-kind pieces like jewelry with intricate details and workmanship. You may have to pay for the appraisal, but it might help you get more money. An appraiser may know someone who will give you a good price for your jewelry items.

Gold has become increasingly popular in recent years with the economic downturn. You can use gold to ride out the tumultuous wave that the stock market may be going through. It is hoped that you received valuable advice from this article.

Gold Information That You Absolutely Must Know

Anyone can be successful in gold trading if they start with reliable information. Have you every considered boosting your personal wealth by becoming more active in the gold market? If this is the case, keep reading for resourceful information you can use to get started in gold investing.

When selling gold, it is a good idea to get an estimated value from more than one source. Gold buyers and jewelry stores are out to make a profit, so they’ll all pay less than the actual value of the gold you’re selling. Getting multiple offers allows you to understand what you can get for your gold.

Bullion bars are usually the safest way to invest in gold. They come in varying weights. The bullion bars come in half ounce bars and increase up to large bars weighing 400 ounces. However, you may have a hard time locating bars that weigh four hundred ounces.

Stay with reputable firms when selling gold. Contact your local Better Business Bureau to see if there have been complaints filed against a gold dealer. A buyer with a good reputation will normally pay the going rate for gold, and offer superb customer service than a company than is not legitimate. Do this to protect yourself and your gold investment.

Whenever you buy gold jewelry on the behalf of another person, make sure that it can be returned. It’s not uncommon for many pieces to not be the receiver’s taste or the wrong size. Because of this, it is critical that you are able to bring the piece back to obtain a refund.

Realize that all items containing gold have some sort of resale value to dealers. This could be tableware, broken jewelry, and other stuff you have around your house. Having 100% gold isn’t required, either. You could also sell something that is gold-plated or contains only a small amount of gold. You can still get a good return on the sale.

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. Usually, you will only get the melt value from both private sellers and pawn shops. Don’t get discouraged if you are looking to sell jewelry, as buyers are still out there.

Never neglect the idea of hunting in antique shops or flea markets to find gold. If you understand what to look for, you really can find some great deals. Many people do not realize what they have and sell it or donate it to these shops. Their loss can be your gain.

You can invest in gold without collecting it. It is possible to purchase stocks of gold mining companies, shares in a gold ETF or a mutual fund whose focus is gold. You should always consider the costs to store gold.

Separate your gold by karat weight. This will ensure that you are paid correctly; otherwise, a dealer may try to pay you using the lower karat weight values. You will earn more if you sell your gold separately by karat weight. Have your pieces split up by karats in advance so that you can maximize the return you get out of the sale.

Gold Prices

Gold prices continue to rise. The rise and fall of the dollar determines the best times for buying and selling gold. Generally, a weak dollar equals strong gold prices.

Know your goals before investing in gold. It’s something that is great when used to shield yourself against inflation, but the investment is volatile. If you define your goals before investing, you will be better equipped for making a good investment.

If you are going to sell your gold online, check the going price of gold first. It’s not uncommon to find more favorable pricing from local buyers with physical locations. While simply dropping the gold in a box and shipping it because you’re short on time can seem convenient, if you can make a lot more money locally, you should.

It is important that you read all of the fine print when buying or selling gold. Some gold buyers may charge premiums and fees to do business. Think about the cost and inconvenience of shipping gold bars to various locations. To protect yourself, never purchase gold and let your buyer have possession of it.

Like other kinds of investing, gold works better as a long-term investment. Avoid buying it when prices are up. Indeed, you should never invest during such market conditions. If you spread the risk around and buy gold at all different times, you end up with the best value.

If a gold item also includes gemstones, they can be retained once the piece goes through the melting process. If they’re tiny, they may be very hard to remove. Most gold dealers aren’t interested in the gemstones in your gold jewelry.

It’s essential that you do not buy too much gold at a time. Stocks and bonds pay dividends, but gold does not produce any income. In addition, the price of gold can vary from day to day. When equity prices go down, that’s the only time it goes up. No more than approximately 5-10 percent of your portfolio should be invested in gold.

Gold maintains it’s popularity no matter what the market conditions are. Because of this, you will generally always gain a profit. The popularity of gold gives great flexibility to its trading but requires investors to learn some key strategies to get the best results.

Sell Gold

When you sell gold, don’t forget to carry your I.D. Thieves who want to make a quick profit target gold. Because of this, the government requires people to present their ID when they sell gold. It is easier for stolen gold to be found this way.

As you’ve seen, nearly anyone can enter the gold market. If you were leery of entering the gold market before, these tips should have helped you feel more at ease. With the advice that has just been provided to you, do not hesitate to venture into the gold trading market. Good luck with your gold investment.