Gold is a highly prized metal. Since discovery centuries ago, man has valued gold. If you have been considering investing in gold, the following tips will get you off to the right start.
Gold prices change frequently, so you must stay apprised on the values of your items. If you decide to sell your gold, pieces with different karat values should be weighed and valued separately. Don't sell gold jewelry that may be worth more when sold as a designer piece.
Research a gold buyer before selling your gold. The BBB website and other online forums are excellent resources for information on customer satisfaction and a company's standing. If you get quotes from multiple buyers, you will get the most for your gold.
Before you put down your money for gold, make sure you have a firm delivery commitment from the seller. When the seller doesn't ship immediately, you must get their promise to ship in writing. Make sure that a specific date is listed within this writing. Don't go through with the order if they can't provide you with the delivery date in writing.
Prior to selling old jewelry, research the going price for gold. That is going to help you figure out whether you are being offered a good deal. The majority of dealers will offer you market value for your gold, but some know that sellers just want to convert their items into cash quickly, and they take advantage of the buyers.
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. This is a huge problem.
If you are not sure of the value of your gold jewelry, you may want to get it appraised. It costs a bit of money, but you'll have a good idea of what your gold is worth. And make sure you only hire an independent and accredited appraiser to be sure you get an honest appraisal. Even if you still choose to sell, do know that you aren't going to get the appraised value.
Shop around town if you are taking scrap jewelry or gold pieces to sell to a store or pawn shop. While spot pricing is the national standard, most stores don't honor it. The stores located outside of shopping malls and other similar places don't have as much overhead, so they might be able to pay more.
Avoid letting people know that you are planning to sell your gold. You never know who else could be listening or who you can really trust. Keep your investment private and secured, preferably in a safe. This protects you as well as your gold.
Now you know about gold's value and why so many people throughout the world treasure it. Gold is smart as an investment and beautiful as a piece of jewelry. Follow the tips presented here to amass your own gold collection.
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