Each day, gold’s price increases. Anybody can make money buying and selling gold. You do not have to be a major investor. The following advice may help you use gold to make money.
Get several opinions about the value of your gold piece before you put it up for sale. There are many places to get this done, and some will pay you more than others. By shopping around, you will get a better idea of what the gold you are selling is really worth.
Always make delivery arrangements before purchasing gold from a vendor. Delivery times are important. 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. Make sure that a specific date is listed within this writing. Proceed with the order only if you get this confirmation.
Know the current price per ounce of gold before selling your pieces. This will indicate whether you’re getting a fair price or not. Dealers will charge you a premium on top of market value so they can make some money too.
Before you mail off your gold, make sure that you understand the polices, fees and terms of the company you are dealing with. Make sure you know when payment will be sent to you and insure your package as well. You can also protect yourself in case of any disputes by snapping some photos of your jewelry before sending it off.
Get your jewelry appraised. Although appraisals cost money, you will know the value of your items. For the most accurate appraisal, use the services of an accredited and independent appraiser. Remember, though, that you won’t get the appraiser’s price for your gold.
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. Some buyers, including a lot of private sellers and pawn shops, only care about melt value. If you’re prepared to put more effort into locating a buyer, though, you may make more by selling your pieces as jewelry.
You should have a basic overview about the different methods for selling, trading and buying gold. However you decide to get involved, if you work hard you can do a great job. Now you are prepared to begin making some money from gold.
David InghamFollow Dgingham