What You Did Not Already Know About Gold
Any serious investor needs to have a portion of their total investment portfolio in commodities. Gold is historically the top trading commodity. If you are planing for your retirement or simply want to generate some investment profits, this piece is for you.
buy gold When you invest in gold, you can't go wrong with bullion bars. They come in varying weights. They start at a mere half-ounce, but also rise as high as four-hundred ounces. You will have a hard time if you are seeking the largest size.
Bullion bars are a great choice if you wish to put your money in gold. You can find them in several different weights. From .5 ounces to 400 ounces, the choice is yours. For the record, four hundred ounce bars are very difficult to find.
You can sell gold online. You don't need a storefront to buy and sell gold. You can buy and sell your gold at many websites online. They'll mail you a kit which you use to send them the gold. If everything is together, you'll get paid their going rate.
price of gold per ounce You need to be cautious about the kind of gold that you purchase to help fund your retirement. The IRS needs to approve the gold. That means only 24 karat and only coins or bullion. Buy bars instead of coins to increase your profits.
Keep in mind that gold dealers will buy anything that's got gold within it. You could, for instance, sell some broken jewelry, some tableware, gold coins or many other objects. Nor does it have to be 100% pure gold. It could be part of an item that's gold, or just gold-plated. You'll end up with some money in your pocket.
selling gold jewelry Buying gold can exciting, but keep that to yourself. You don't know who is listening, and you don't know who you can trust. Keep your investment private and secured, preferably in a safe. That will ensure that a home robber doesn't get away with it.
If you want to sell gold, make sure the buyer has a state license allowing them to do so. They are likely to be honest. There are quite a few vendors that will purchase gold, so never go into it thinking you've got to sell your gold to the first seller you talk to.
Carefully read and check the small print in the sales contract. Read any materials the company you are sending your gold to provides you with. Then you can determine how much you will lose to fees.
Talk to a rep at a gold party to see how they figure out the number of karats in a jewelry piece. Quite often, the gold will be stamped. Other times, though, there are no outward signs, and therefore representatives rely on other techniques. The most simple test involves the use of acid. If the company claims to use that type of test, it may be an indication that they are not as experienced with accurate testing methods.
With luck, you now feel comfortable adding gold to your portfolio. Gold makes an excellent entry in a diversified investment portfolio, striking a useful balance between the liquidity of cash reserves and the growth potential of stocks and bonds. So take the time to learn what you are doing and make gold work for you and your pocketbook.