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TIP! Do careful and thorough research on any gold seller you are considering doing business with. You can read reviews online, check with the Better Business Bureau and discover how each dealer resolves customer complaints.

When thinking of financial things, know that gold is near the top. Are you looking to learn more on gold investments as a way to ensure a good portfolio? You need to consider a laundry list of things, whether purchasing gold or buying shares in mining firms. Keep on reading to find out more concerning investing in gold.

TIP! Before you mail off your gold, make sure that you understand the polices, fees and terms of the company you are dealing with. Be sure to understand when to expect payment and how to insure your items.

Get a good education in precious metal pricing before you try to buy or sell gold. Metal prices fluctuate constantly, so you need to know the price on any given day for a transaction. A higher percentage over the melt should be expected when purchasing fractional gold pieces such as 1/2 or a 1/4th ounce against a one ounce piece.

TIP! If you have an interest in getting into the gold markets, but don’t have a lot of investment capital, consider buying scrap. Do this regularly over a certain length of time, and in 12 months or so, you would have accumulated a good amount.

Look at the current gold market price prior to selling your pieces. That way, you will know if you are being offered a fair price for the items you have. A lot of dealers provide you with market value, but there are some who will just assume you want quick cash and will make a deal that is best for them.

TIP! You might sell gold melted down or as a jewelry item. Most pawn shops and gold buyers will purchase your gold jewelry for melt value.

Consider a fair return policy as an absolute necessity when you’re purchasing gold jewelry, especially if you intend to make a gift out of it. It is impossible to tell if a jewelry item will be well liked or suitable. If that should occur, it is important you can return the piece for a full refund.

Spot Price

TIP! If you are shipping jewelry, be certain you find out how much it’s going to cost to get your pieces back if you fail to accept their offer. Many companies offer free shipping; however, they may charge shipping for returns.

Make sure you know the spot price of gold the day you plan to buy or sell. You can see it on various sites and it usually changes every day. You shouldn’t pay more than 8 percent over the spot price. Many dealers try to overcharge you; however, by being informed you can avoid this trap.

TIP! Try a site like GoldMoney to purchase gold. It’s similar to opening a “gold bank account.

Before selling you gold through the mail, be sure you know what the procedure is for getting your items back and any costs involved in doing so. Shipping to them is free, but the cost to get your pieces back is often massive. You should be well aware of what this could cost in advance.

TIP! Never pass up an opportunity to search for gold in a thrift shop or antique store. You can find bargains in those places when you’re aware of what you want.

GoldMoney could be a good resource when you want to buy gold. This is like opening a bank account for gold. You will simply establish and account, deposit fund and receive the value of your account in gold. The gold physically sits in a bank vault where you’re able to portion it, cash it, or in certain circumstances, redeem it for one kilo gold bullion bars.

TIP! Know what you have. Everything that appears to be gold isn’t worth its own weight in it.

Having read the advice presented here, you are now aware of more aspects of the gold market. With luck, you are now empowered to make some good choices about fitting gold into your portfolio. Use what you’ve just read to become the successful gold investor you’ve always wanted to be.

Thank you,

David Ingham

Click Here to get your free Gold savings plan

About David Ingham (1011 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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