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The Golden Dream: Making Money With Gold

TIP! Go with a legit buyer if you’re selling gold. Check BBB.

Many people have turned toward gold investing because they want a safe place to put their money. Potential investors need to know some things before they start, though. Continue on if you’d like to learn the things a gold investor should know.

TIP! Look into selling gold on the Internet. Gold dealing is no longer something that takes a brick and mortar store.

It is always a smart idea to have more than one appraisal when you are considering selling gold. There are many buyers who purchase gold, but prices vary from one professional to the next. You’ll get a fairer price if you’ve gotten a few estimates.

TIP! When you first check out gold jewelry, you may be in for a bit of sticker shock and decide to buy gold-plated jewelry, instead. You do not have to spend lots of money at a jewelry store to buy nice gold jewelry.

Gold prices constantly change so you must know your piece’s value before selling it. If you decide to sell your gold, pieces with different karat values should be weighed and valued separately. You should not sell jewelry as gold scraps if its worth is higher because of the brand or design.

TIP! Comparison shop when selling old gold jewelry. Even though the market “spot” gold price is the national standard, not all stores will pay it.

Prior to buying or selling any gold, be sure you truly understand how gold pricing works. 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. If you have gold that does not weigh up to a full ounce, you may receive less than the melt value when selling it.

TIP! Be sure to consult the spot price on the day when you plan to purchase gold. This information can be found on several different websites.

If you are considering a gold buyer, do some research on him to make sure he is reputable. You can see how various dealers handle customer complaints by viewing online reviews and contacting the BBB (Better Business Bureau). Ensure you receive the maximum amount for your gold by shopping around.

Sell Gold

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

Think about using the Internet to sell gold. Gold transactions do not require traditional physical storefronts. It is possible to utilize a website to sell gold items. You will receive a package that details how to send you gold pieces. They will send you payment for your goods after they receive your items.

TIP! Confer with the gold party rep to determine the method used for judging karats. Often, the item will be stamped.

When selling jewelry, it is important to decide whether it will be sold as jewelry or as gold. Most private sellers and pawn brokers are only willing to pay melt value for gold 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! Many times the backs of earrings are solid gold, even if the earring itself is not solid. The bands to rings and necklace clasps are often times real as well.

There is an increasing interest in gold trading, and there is no sign of that slowing down. Before venturing into uncharted waters, however, smart investors do their homework. Remember the information in this article to acquire real wealth.

Thank you,

David Ingham

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About David Ingham (2899 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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