For many investors, gold represents an excellent way to secure funds in a stable, high-value commodity. A lot of investors will say that gold is a great place to park your money during times of economic uncertainty. For more information about gold, read on and glean some great investment advice.
invest in gold You should always ask for timely delivery when purchasing some gold from a reliable seller. If you don't get delivery immediately, get something in writing which confirms delivery of your pieces. The date they expect you to get them should be listed. Only complete the order if given this documentation.
price of gold per ounce Gold bars are the most economical choice for investment purposes. These bars are available in a number of different weights. They can range from a half an ounce to bars that weigh four-hundred ounces. You will have a hard time if you are seeking the largest size.
Always check out the up to date market value for gold before you seek your gold jewelry. This can help you discern whether you're being offered a good price or not. Most dealers are honest and stick close to market value, but a minority try to rip desperate people off by low-balling their offers.
Prior to buying a piece of gold from a seller, make sure you schedule for timely delivery. When the seller doesn't ship immediately, you must get their promise to ship in writing. This should be spelled out in no uncertain terms. Don't buy without such a contract.
Fully research any buyer that you're considering sending jewelry to through the mail. Know exactly how much money you can expect to receive, and make sure that the package you send them is insured. Make sure that you photograph each piece of gold you're sending before you mail it off.
When you're dealing with any type of gold it can be of valuable to someone that buys it. Decorations, flatware, broken jewelry, anything you have with real gold content is potentially valuable. The purity doesn't even have to be 100%. Items that are partially constructed of gold or even gold plated are acceptable. You will still stand to make a bit of profit.
When selling gold, you must decide whether you're selling a piece for its melt value or just jewelry. Most buyers will offer you just the melt value for your gold. Don't let this discourage you, because you will eventually find the buyer you are looking for.
price of gold Sell gold to buyers that are state licensed to buy gold. There's still a chance of getting a bad deal, but chances are your buyer will be more than reputable. There is a lot of competition out there, so you can sell to someone else if you're not happy with the first offer.
Getting going in the gold markets isn't hard once you know a few things. Now that you know some helpful information about gold, you should feel comfortable going into this market. Use these tips to better your investments.