To add gold to your investment portfolio, there are a few things you must know. It is not so simple that you can just dive in, but having all the information you need prevents it from being too complicated. It contains everything you need to know about selling and buying gold.
Try selling gold online. Gold transactions do not require traditional physical storefronts. You can use one of many websites out there to sell your gold. These sites will send you kits in which you can send them your gold items. If all is in working order, they'll then pay you at their going rate.
Investigate the proposed delivery schedule when you are considering make a gold purchase. If the seller does not provide immediate delivery, you must get some kind of writing from them confirming when you can expect to get your pieces. This should include the date the gold will arrive to you buy. Don't proceed with the order until you have this information.
selling gold If you are shipping jewelry, be certain you find out how much it's going to cost to get your pieces back if you fail to accept their offer. Shipping to them is free, but the cost to get your pieces back is often massive. You want to know what those charges might end up being before you decide to send them your gold.
Be aware that it is possible to sell anything with a gold content to gold dealers. It could be a broken jewelry item, table settings, home decor items or anything that is in the house. It doesn't need to be 100% gold either. A gold plated item or an item that is not entirely made from gold is still valuable. You will still get a favorable return.
sell gold Shop around before making any decisions about a gold buyer. You might be amazed by the variety of offers received. By picking the first dealer, you could get a horrible deal. Take your time so you can make the greatest return on your gold.
price of gold per ounce 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. While businesses may claim free shipping, they may also charge you to send the pieces back. Be sure you have an idea how much it will cost you to reclaim your items.
Your buyers should always have gold-buying licenses from the state. There's still a chance of getting a bad deal, but chances are your buyer will be more than reputable. Many establishments purchase gold, so there is no need to sell yours to the first buyer you deal with.
Be sure you know about the gold in your possession. Just because something looks like gold, that doesn't mean it's worth the full weight in gold. A lot of the time there will be something mixed with the gold so it holds up better. This actually lowers the price of the gold. Gold plated items are subject to this too. Having an appraisal done to your gold can help you get the best idea of its actual worth.
Armed with the knowledge presented here, you can now deal in gold successfully. Ponder what you have learned and start applying the information to investment decisions. As an investment of value, gold must have a place in your future financial plan.