Gold has been treasured for thousands of years. Everyone loves gold, but most people don't know enough about it. If you want to buy or sell gold, read these tips to be the best at it you can be.
All gold buyers are different, so it is important to look around and find someone that you feel comfortable doing business with. Read online reviews and check with your local Better Business Bureau to find out if a dealer has any complaints filed against them. Also get more than one offer for your gold. This will ensure you get the best possible price.
how to buy gold Arrange for delivery of your gold at the time of purchase. To ensure timely delivery request a confirmation on the shipping date. The date of arrival should be something you can see listed. Don't go through with the order if they can't provide you with the delivery date in writing.
Realize that all items containing gold have some sort of resale value to dealers. There may be broken home decor, tableware, jewelry, or other things that are around you. Having 100% gold isn't required, either. It could be part of an item that's gold, or just gold-plated. You still stand to make a fair amount of money selling it.
There are places you can send you jewelry to get paid. See how you can get your gold back if you don't like the offer. Many companies offer free shipping but charge more for mailing items back. You want to know what those charges might end up being before you decide to send them your gold.
selling gold Use GoldMoney if you are interested in buying gold. It is akin to establishing a bank account in which you deposit gold. You simply establish your account, deposit funds and receive an assignment of gold that fits the value of your account. The gold is in a vault being protected, but you can sell it or even have a bullion bar shipped to you.
selling gold If you're at a gold party you should speak with the person in charge so you can figure out what karats are in the jewelry. Sometimes there is a stamp. However, you may see no sign at all but there are ways to determine its value. An acid test is one of the least complex ways of doing so, so if the representative is using that test, they may be new to the business.
Be sure you know what everything in your sales contract says. If you sell gold through a mail-in purchaser, make sure you understand the terms of the deal. This way, it will be clear how much you are paying in fees.
Talk to someone at a gold party to learn how they figure out the number of karats in a jewelry piece. Items are usually stamped. However, at other times, there is no stamp, so a lot of reps use other ways to find out. Acid tests are simple ways to do this, so if the rep does this, they're probably new to the business.
Buying and selling gold has risen in popularity in recent years, and it doesn't seem to be stopping anytime soon. Before venturing into uncharted waters, however, smart investors do their homework. Use what you've learned here to your advantage so you can get on top of your finances quickly.