It's amazing how popular gold is since the recession. Maybe you want to add it to your investments. Gold is a good hedge against inflation and economic unrest. Read on to learn more about this booming market.
Go with a legit buyer if you're selling gold. You are able to find out more about their reputations with the local BBB and through online reviews. A good buyer is going to give you a good price, and will provide you with superior customer service too. You should do this to better protect your gold investment and yourself.
gold Get an appraisal if you do not know the value of your gold jewelry. The small investment required will ensure you get what your jewelry is worth. If you want to obtain an unbiased value, retain the services of a certified appraiser. When selling gold jewelry, you will receive only a percentage of the appraised value.
If you have no idea what your gold might be worth, than an appraisal is a good idea. The up front cost is significant, but it can give you a better estimate of value. Make sure you go to an accredited and reliable appraiser to get valid appraisal papers. When selling gold jewelry, you will receive only a percentage of the appraised value.
You might sell gold melted down or as a jewelry item. If you are selling to pawn shops or most private sellers, expect them to offer the melt value. Don't get discouraged if you are looking to sell jewelry, as buyers are still out there.
When sending off your jewelry, you need to consider the shipping cost to you if you're not satisfied with the offer given. Most companies will give you free shipping to them but charge you an arm and a leg for return postage. Know beforehand how much you would have to send in order to get your pieces back.
invest in gold There are many sites where you can purchase gold, such as GoldMoney. It's akin to opening up a bank account but with gold instead. With this service the money in your account is converted into gold. The gold physically sits in a bank vault where you're able to portion it, cash it, or in certain circumstances, redeem it for one kilo gold bullion bars.
Talk to a rep at a gold party to see how they figure out the number of karats in a jewelry piece. Many pieces of jewelry will be stamped with a karat rating. But other times, there isn't any mark of visual cue, so the reps have other alternatives for determining it. One method that can be used is the acid test.
Be cautious. All markets have their flaws, and the gold one is no exception. Lots of people will scam you if given the chance. For this reason, it is very important to thoroughly research any gold buyer you are considering.
In light of the weakened economic state of countries all over the globe, the gold market continues to fare incredibly well. Knowing about the gold market will give you a big advantage. Use the above tips to become more knowledgeable about gold investing. price of gold per ounce