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The New Gold Rush: What You Should Know

TIP! Before buying or selling gold, know how precious metal prices work. The value of gold tends to fluctuate, which is why it is important to understand the market trends.

Buying and selling gold has interested many more in recent years, especially after the shaky global economy. Sadly, most people have no idea how to do it right. Keep reading if you’d like some information on how you can buy and sell in the gold market.

TIP! Research the market price before selling any of your gold jewelry. This will help you set a fair price when you sell or buy.

Conduct extensive research before you do business with a company specializing in gold. Check for online reviews and reports from the BBB and see how these dealers resolve complaints from their customers. Ensure you receive the maximum amount for your gold by shopping around.

Timely Delivery

TIP! If selling gold using a mail service, find out how much shipping will be. Shipping to them is free, but the cost to get your pieces back is often massive.

Prior to buying a piece of gold from a seller, make sure you schedule for timely delivery. To ensure timely delivery request a confirmation on the shipping date. Make sure that a specific date is listed within this writing. Complete your order only when given this information.

TIP! When selling gold, only work with licensed buyers. You have a greater likelihood of dealing with a reputable trader if you look for this certification.

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. Many companies offer free shipping but charge more for mailing items back. Realize in advance that you’re out money to get back your jewelry.

TIP! Don’t avoid searching antique shops or thrift stores for gold. You can find gold in unexpected places, but you have to know what to look for.

Use GoldMoney if you are interested in buying gold. It is kind of like setting up a gold “bank account.” You set up an account, deposit your funds, and you’re assigned some gold at a price that prevails to your account. Your gold is physically kept in a vault where it can be cashed in, segmented or redeemed for bullion bars.

TIP! Speak with professionals to learn different strategies to find the karat value of gold. Many times the item will have a stamp.

Research the daily spot price before you sell your gold. Check out the competition and what they are offering. This way you have an idea of what you can ask for yours. Just make sure to go a little higher than what you actually want so that there is wiggle room for negotiation.

TIP! Be sure to choose a solid dealer with a good history. To ensure you are dealing with a trustworthy dealer, inquire with the area BBB.

A cheap and quick way to test gold is to use a magnet. If it is a true precious metal, it will not adhere to the magnet. Sometimes it’s the clasp that is gold, while the rest is only gold-plated. Using a magnet is an excellent way to find this out.

TIP! Don’t sell your gold until you have to do so. Gold is a commodity that goes up in price a lot more than it falls.

People are getting excited about the prospect of making money using the gold markets. However, much of the time not enough knowledge stops them from trading gold to their advantage. It is hoped that this article has helped you learn how to reap more benefits when it comes to gold investments.

Thank you,

David Ingham

Click Here to get your free Gold savings plan

About David Ingham (2959 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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