Gold is a great investment to help balance your portfolio. You need to know what to do and weigh all options. Keep reading to learn more about how to make good investment choices when it comes to gold.
Only deal with reputable buyers. There are several ways to find out about their reputation, such as online reviews or Better Business Bureau filings. Reputable buyers offer great customer service along with fair prices. You should do this to better protect your gold investment and yourself.
Make sure to research prospective buyers in advance in order to find a reputable one. You can read reviews online, check with the Better Business Bureau and discover how each dealer resolves customer complaints. Soliciting bids from multiple companies ensures that you receive the most money per transaction.
When purchasing a piece of gold jewelry for someone else, be sure there is a return policy. You can’t be sure of another person’s preferences; they may not care for it. If that happens, you want to be able to send the jewelry back and get your money back as well.
Anything gold is able to be sold. Examples of saleable items include broken jewelry, spoons, forks, household goods, etc. In fact, a gold piece doesn’t have to be 100-percent gold to be worth something. It may just be plated or partially pure. You will still get a favorable return.
When selling jewelry, be aware that most gold buyers will only pay you on the melt value. Pawn brokers and private sellers may just want to pay melt value. If you are selling a piece of jewelry, you should pursue a better deal.
If you send off gold by mail, see how much it is to have it returned to you if the offer isn’t that great. Most companies will give you free shipping to them but charge you an arm and a leg for return postage. You want to know what those charges might end up being before you decide to send them your gold.
Check out a number of gold buyers before making a deal. You’ll be surprised by all the different offers you’ll get. By picking the first dealer, you could get a horrible deal. Take a little bit more time at first so you’ve got the maximum return on your gold investment.
Now, you can see where gold fits into your portfolio. That is a strategy that acts like a bridge between your stocks and funds, and your cash savings. See why gold is such a great investment, and understand the differences in risk between the different choices available to you.
David InghamFollow Dgingham