Monday, October 6, 2014

Top Pointers To Help You When Dealing With Gold

By Dennis Claire


Gold has been long adored as a bauble and an investment, and the recent state of the economy has only added to is appeal as both. Use this article to learn how to profit from buying and selling gold. Read on for some excellent advice.

Stick with a reputable buyer when selling your gold. Look at the Better Business Bureau to gather information about the company to see if their legitimate or not. Reputable buyers will pay fair rates for gold and will provide solid customer service. This can help you to be protected when dealing with gold.

Gold prices change quickly and often, so know the current value before you attempt to sell any. If you have made the call to sell any gold you have, group your pieces by karat value. Remember that jewelry will sell at its melt value, not the price the jeweler wants for it.

Do careful and thorough research on any gold seller you are considering doing business with. You can read reviews online, check with the Better Business Bureau and discover how each dealer resolves customer complaints. Soliciting multiple bids will help ensure you get the best price.

You may shy away due to gold's price, which may make you go for gold-filled or gold-plated jewelry instead. However, don't feel that to buy gold of real value you need to pay a high price in a fine jewelry store. It is cheaper online and at pawn shops.

When purchasing gold, check to see if the dealer offers a return policy. It's entirely possible that a particular piece ends up being improperly sized or simply unappreciated by its recipient. This is a huge problem.

If you decide to send your jewelry to a company through the mail, research them and their terms before heading to the post office. You should be clear about when you can expect to be paid. Insuring your gold shipment is a good idea, too. Last, but not least, photograph each item you are sending via mail so that you have recourse if a dispute occurs.

Make sure you verify the price of gold the same day you plan to buy it. This price changes every day. You can locate it on several different websites. When purchasing, don't pay greater than 8% markup above the spot price. Be on the lookout for any unscrupulous dealers who try to get away with overcharging you.

While gold buying can be fun, don't tell everyone about it. You don't know who to trust or who is listening. Keep your investments personal and protect them at a safe or bank. This will protect your gold in all circumstances.

Now you understand what makes gold so valuable and why it's sought after by people around the world. This wise investment is great for both short term and long term investments. Take the things you've learned from the above article and use them to your advantage when dealing with gold.




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