One of the most sought after metals is gold. Ever since gold was discovered, people have treasured it. If you are looking to invest in gold or perhaps buy a some gold jewelry, then here are some tips to help you get the most value for your money.
Gold’s price is always changing, which makes it important to know your piece’s value before selling it. If you make the decision to sell gold, separate your pieces by purity level. Don’t sell jewelry that is more valuable due to maker or designer.
It is important to only do business with people who have a good reputation. You are able to find out more about their reputations with the local BBB and through online reviews. Good customer service and fair market prices are good indicators of reputable buyers. Do this to protect yourself and your gold investment.
Investigate the proposed delivery schedule when you are considering make a gold purchase. If delivery isn’t immediate, then you need written confirmation from the seller about your pieces. The confirmation should include an estimate of the delivery date. Don’t buy without such a contract.
It is important to invest in the right type of gold when doing so for your retirement. The gold has to be IRS approved. It has to be in the form of 24-karat gold bullion or coins. The bars are a better buy than the coins are because they are more likely to retain their value.
Look into buying scrap gold if you can’t afford to get into the bigger market. You can buy a little at a time, building up a stockpile. This will not break the bank. Keep the gold somewhere secure until you’re ready to sell it.
If you’re unaware of your gold’s worth, have it appraised. This requires a bit of an investment, but it is worthwhile. Only use an independent, accredited appraiser to get the most realistic value. Remember, though, that you won’t get the appraiser’s price for your gold.
Know that anything that has gold in it is sellable to a gold dealer. You could, for instance, sell some broken jewelry, some tableware, gold coins or many other objects. Nor does it have to be 100% pure gold. It could be plated gold or it could be that just a portion of the item is made of gold. The amount you can get will depend on how pure your item is.
Now you know why gold is so valuable. Gold is smart as an investment and beautiful as a piece of jewelry. Follow the tips presented here to amass your own gold collection.
David InghamFollow Dgingham