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Great Advice For Making Money In The Gold Market

TIP! Get valuations for your tangible gold from a handful of dealers at a minimum. Many jewelry stores and gold buying services are available, and they will all usually take a different profit on the gold they are purchasing.

To add gold to your investment portfolio, there are a few things you must know. It is a bit more complex than just jumping in, but it need not be too complicated if you have the right information. This article is going to help you make those gold investments.

TIP! Try selling gold online. Gold dealing is no longer something that takes a brick and mortar store.

When selling gold, it is a good idea to get an estimated value from more than one source. Different gold purchasing entities are at your disposal, and they all require different profits from the purchases. Getting estimates from several establishments will help you make sure that you receive a fair price.

TIP! 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 still can get gold jewelry items without spending a lot at a local jewelry store.

Bullion bars are an excellent investment. You can find them in several different weights. Smaller pieces are as little as half an ounce, while others reach hundreds of ounces in size. The larger sizes are considerably more challenging to find.

TIP! If you’re thinking of getting gold to help you retire, you need to get the right variety. It’s crucial that the gold be IRS approved.

Stay with reputable firms when selling gold. Use resources like the Better Business Bureau and customer reviews. A good buyer will treat you well and offer a fair price on your jewelry. This will protect you from rip off artists.

TIP! Be aware that it is possible to sell anything with a gold content to gold dealers. Examples of saleable items include broken jewelry, spoons, forks, household goods, etc.

If you plan to mail your gold jewelry to a firm, do some research on them and their policies before you do so. Know exactly how much money you can expect to receive, and make sure that the package you send them is insured. You can also protect yourself in case of any disputes by snapping some photos of your jewelry before sending it off.

TIP! If you are sending your jewelry off in the mail, make sure you investigate how much it will cost you to have the pieces sent back to you if you don’t like the offer. Shipping to them is free, but the cost to get your pieces back is often massive.

If you have an interest in getting into the gold markets, but don’t have a lot of investment capital, consider buying scrap. After a year of buying a little gold each payday, you could end up with a valuable collection of scrap gold. However, ensure that you have secure storage for your collection.

TIP! Try a site like GoldMoney to purchase gold. It’s like opening a bank account which trades in gold.

Check gold prices on the day your are buying or selling gold. You can see it on various sites and it usually changes every day. When you actually go to buy, do not pay more than an eight percent markup over this price. Anything more is unethical.

TIP! Think about shopping thrift and antique shops to discover gold treasures. If you have an idea of what you are seeking, you can really find a bargain in these places.

If you decide to mail your gold to a buyer, find out how much mailing and insuring these items will cost you and how much you will have to pay to have the items mailed back to you in case you do not accept the buyer’s offer. A lot of companies say they offer free shipping, but if you refuse their offer they charge a great deal. Find out how much you will have to spend in order to get your gold back if you decide not to sell it for the price offered.

TIP! Be careful in the gold market. The gold market can have many bad companies out there.

Now you know how to invest in gold. Keep these tips in mind and use them when working on your investments. Gold can likely play a role in your financial planning strategy.

Thank you,

David Ingham

Click Here to get your free Gold savings plan

About David Ingham (1566 Articles)
I am an online enthusiast, Project Manager and family man helping people create Financial Freedom and earn a Full Time Internet Income. Hence my Blog Work From Home Career, I live in the UK and I love life, rugby, running, snowboarding and Triathlon’s. Are you fed up been broke and looking to learn new skills to become financially free? I have teamed up with Successful Mentors that are ready to help you succeed.

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