A lot of people need to get into gold because they feel that it is safe to deal with. Many say that gold is a good investment in uncertain times. If you’re seeking additional knowledge about gold and entering this market, read on for solid tips.
Before you buy gold from a dealer, get a guaranteed delivery date. If your seller doesn’t offer delivery immediately, you need written confirmation of when to expect your items. The expected delivery date should be noted somewhere. Don’t not follow through with the purchase unless you have this in hand.
Don’t have much money? Invest in scrap gold. This can be done over time, maybe some each day so that you can get some valuable gold in about a year. Keep your collection safe until you have an sufficient amount to cash in.
When you buy gold for another, make sure it has a return policy. You can’t be sure when jewelry is liked by the other person or if it even fits them. By ensuring that the dealer offers a return policy, you can help protect yourself.
If you have no idea what your gold might be worth, than an appraisal is a good idea. Although appraisals cost money, you will know the value of your items. Only use an independent, accredited appraiser to get the most realistic value. If you do want to sell the gold, understand you won’t be offered full value it was appraised for.
Be aware that it is possible to sell anything with a gold content to gold dealers. This could be tableware, broken jewelry, and other stuff you have around your house. It need not be completely pure, either. Items that are partially constructed of gold or even gold plated are acceptable. You can still get some decent money selling these items.
Comparison shop when selling old gold jewelry. Many stores will charge a higher rate than the posted spot rate for gold. Stores that aren’t in big shopping malls tend to have much lower rent and may pay more.
One quit and cheap method of finding out whether or not gold is real is to use a magnet on it. Precious metals do not respond to magnets. In some cases, jewelry may have a clasp that is made of gold, but the rest of the jewelry piece is made of plated metal. The magnet will tell you the truth.
While many people think that investing in general is hard, investing in gold is not hard if you learn a little about how it works. You just got some great ideas about gold, so you can jump right in. Use this information to invest wisely.
David InghamFollow Dgingham