Share this on:
 E-mail
16
VIEWS
0
COMMENTS
 
SHARES
About this iReport
  • Not vetted for CNN

  • Click to view JackRenordo's profile
    Posted February 2, 2014 by
    JackRenordo

    More from JackRenordo

    How To Make Use Of The New Gold Trends

     

    Many people turn to precious metals.Gold may be the most sought-after precious metal. Use this article’s tips the next time you want to buy gold.

     

    Gold prices change quickly and often, so you must stay apprised on the values of your items. If you have made the call to sell any gold you have, keep in mind that pieces that have different karat values need to be valued and weighed separately. Avoid selling any jewelry that is worth more because of the designer.

     

    Get an estimate from several buyers before selling your gold. Many jewelry stores and gold buying services are available, and they will all usually take a different profit on the gold they are purchasing. You can be certain you’re getting the best deal by shopping around.

     


    TIP! Do not dabble in the gold market until you are familiar with pricing of precious metals. Gold, platinum and silver prices tend to fluctuate daily, so make sure you check the spot price on a specific day before you make a transaction.

     

    Stay with reputable firms when you sell your gold. You can check out their reputation by contacting the local BBB and checking online reviews. A buyer will pay you good service and an equitable price for your gold while giving you great customer service. Protect your gold investment and your gold by doing this.

     

    Precious Metals

     

    Do you know how pricing of precious metals works? The values of precious metals fluctuate daily, so it’s best to know the price of the day. You should be ready to pay a premium to the melt values if you’re buying less than one ounce pieces.

     

    You can sell gold online. Gold deals no longer have to take place at a “real” store. Take advantage of websites that allow you to sell gold. You will receive a package that details how to send you gold pieces. Shortly, you will receive a check for a fair price for your gold.

     


    TIP! Before you put down your money for gold, make sure you have a firm delivery commitment from the seller. To ensure timely delivery request a confirmation on the shipping date.

     

    Think about using the internet. You don’t have to go to a physical store or pawn shop. There are plenty of websites out there you can use to sell gold online. The site will send you a kit in which you’ll return the gold items.

     

    Anything that contains gold can be sold to a good dealer. It may consist of decorative items, table settings, old items of jewelry and so on. It also doesn’t have to be 100% gold either. It just needs to be plated or part of it’s gold. You will still receive money from the sale of these pieces.

     

    If you take jewelry or scrap gold to local companies that will pay for it, do your homework first.

     

    Look at the spot price of gold before selling. This way you will already know what to expect for your gold. Dealers often assume that people who are trying to sell gold need quick cash and will try to take advantage.

     

    Gold Prices

     

    Check gold prices on the price when you are buying or selling gold. Many websites contain this information daily. Never pay in excess of 8% markup on the gold prices. Some sellers try charging more, but they are overcharging and oftentimes, not ethical.

     

    If you think you’re going to mail off your jewelry, be sure that you find out how much the return postage will cost if the price offered you is too low. Be sure you have an idea how much it will cost before you to reclaim your jewelry.

     

    Be sure the buyer you are considering is licensed by the state to make gold purchases. Licensed buyers are much more reputable, and then you can stop worrying. There are many people who will buy your gold, but some are out to rip you off.

     


    TIP! Know what you actually have in your possession. Appearance alone is not an accurate gauge of the value of your gold.
    You may even be able to find valuable gold; places like thrift shops or garage sales.You can find bargains if you understand what to look for. You can reap the seller’s loss if you do your homework first.

     

    Be aware of the gold in your items. Not all gold is worth their weight in it. Other metals are often mixed with gold in order to make it stronger. This will reduce the price. This also true of items that are plated with gold.

     

    Look around before buying from a gold buyer. You never know what kind of offers you wind up getting! Going with the very first buyer who comes along might not be a good idea. Take a bit of extra time at first so that you have the maximum return on your pocket.

     

    Knows all the details in a gold sales contract. This is especially important if you decide to sell some of your gold items through a mail-in program. That way, you will be aware of the cut of your proceeds that will go to fees and commissions.

     


    TIP! If you’re not looking to own gold, you’ll still be able to invest in it. Buy shares in traded or mutual gold funds or invest in some gold mining stocks.
    Many times the item will see the item have a karat rating. However, there are some times when there aren’t visible signs, there are other ways to determine purity. Acid tests are simple ways to do this, so if a representative is using this, they might be new.

     

    Have jewelry appraised before selling it as scrap gold.This tends to be true for pieces like jewelry with intricate details and details. Even though the appraisal will cost you money, you could see a lot of extra money in your pocket. Appraisers also may know of someone that wants to purchase your precious jewelry.

     

    This is especially true when a mail away service gold purchase or sale.

     

    A choice many people use when selling gold is to ship it through the mail. Many sellers enjoy this method due to how simple it is. They provide the envelope to send your jewelry ,but you should have your package certified and insured. However, you have to remember that you’re not going to get the most from your gold this way. You might receive up to 30 percent less concerning an item you sell, so be aware of this.

     

    Gold is a long-term investment. This means you to invest in gold no matter what the current price is and not just when prices are high.

     

    It’s essential that you avoid overspending on gold. Gold does not bring income like bonds or stocks do. The price of gold market. It only goes up in value during times when equities lose value. You shouldn’t invest more than 5% of your portfolio into gold.

     

    Gold isn’t an investment you should try and out investment. It’s an investment to hang onto for long term wealth. If you try to time your gold purchase, do when things are calm. Gold shortages are common when the economy.

     

    If you are looking to sell gold coins, do it when gold values are at a peak. Stock market values change every day. If you understand how the market works, you will be able to get more for your money. Sell gold when the market is doing well.

     

    Buying Gold
    There are various strategies involved when investing in gold and the other precious metals. Some prefer buying gold bullion or coins, while others like buying gold and silver stock. Hopefully you now have a better understanding of the different ways that you can invest in gold.

     

    Learn More Here


    Learn More at:
    http://GoldTradingBuying.com

    What do you think of this story?

    Select one of the options below. Your feedback will help tell CNN producers what to do with this iReport. If you'd like, you can explain your choice in the comments below.
    Be and editor! Choose an option below:
      Awesome! Put this on TV! Almost! Needs work. This submission violates iReport's community guidelines.

    Comments

    Log in to comment

    iReport welcomes a lively discussion, so comments on iReports are not pre-screened before they post. See the iReport community guidelines for details about content that is not welcome on iReport.

    Add your Story Add your Story