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Let Your Portfolio Shine With These Gold Tips

TIP! Understand the spot price of gold before selling any. Pieces with differing karat values are worth different amounts, and should be weighed separately for selling.

Gold has universal value and has been a treasured commodity since it was first discovered thousands of years ago. Everyone loves gold, however knowing how to get the most bang for your buck is a little harder. If you want to purchase gold, or even if you are interested in selling it, the follow tips will help.

TIP! Only sell to reputable buyers. Check BBB.

Before buying or selling gold, know how precious metal prices work. With silver, platinum and gold the prices vary wildly throughout the day, and in order to get the correct price you must spot check it on the day before making a purchase. Watching the market can help you to buy or sell your gold at a great price.

TIP! If you are considering a gold buyer, do some research on him to make sure he is reputable. The BBB website and other online forums are excellent resources for information on customer satisfaction and a company’s standing.

Check the current price in the gold market before you sell your jewelry. That way, you will know if you are being offered a fair price for the items you have. Many gold dealers will pay market value; however, some dealers try to get your gold cheap.

TIP! When you buy some gold jewelry for another person, make sure they have a refund policy. You’re not going to be sure about the jewelry fitting or whether or not a person actually likes the piece.

When it comes to selling gold, you must decide if you are going to sell it just for its melt value or as a jewelry piece. You may get more if you can wait to sell it to a buyer who values it as a beautiful piece of jewelry. This shouldn’t deter you from selling your gold, as there is probably a buyer out there willing to buy for collector value.

TIP! Get an appraisal if you have no idea what value your gold holds. This will cost a little money up front, but it’s important to know what you have.

If you don’t want to worry about storing, shipping and insuring your gold, consider buying GoldMoney instead. This is like opening a bank account for gold. You set up an account, deposit your funds, and you’re assigned some gold at a price that prevails to your account. Although you own the gold, it remains stored securely in the company’s vaults. You can sell it, portion it out, or even (given the right conditions) arrange to take deliver of it yourself.

TIP! Check the price when you are buying gold. Many sites offer this information, plus it changes every day.

Be aware of the true value of your items. Many things look like solid gold but are not. Usually gold is mixed with other metals to give it strength. This will lower the price. Gold plated items are subject to this too. Get your items appraised before selling your gold.

TIP! Prior to picking a gold buyer, comparison shop. You might be surprised by the price variants.

As you can see, gold is a prized possession. It is also a precious commodity and can be easily traded. Investing in gold helps you make money over the long term. Now that you’ve read this article, you are prepared to start dealing in it.

Thank you,

David Ingham

Click Here to get your free Gold savings plan

About David Ingham (1210 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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