Gold has been a popular way to hold on something of lasting value for a long time, but its popularity in the current market has increased because of the shaky economy. If you’re interested in gold, the material here can provide some excellent investment insight. Keep reading for some useful advice.
The price of gold changes often, so you need to know the value of your gold before attempting to sell it. If you decide to sell your gold, pieces with different karat values should be weighed and valued separately. Avoid selling jewelry that is worth more because of the designer or maker.
It is possible to sell gold online. Gold deals no longer have to take place at a “real” store. Just visit a reliable website that will buy your gold. You will receive a kit that will allow you to mail your gold items off. They will pay you their standard per ounce price for your gold.
Before buying from a gold seller, schedule a timely delivery. It you don’t have it delivered immediately, find out when you will receive your gold. Their expected delivery date should be indicated. Don’t not follow through with the purchase unless you have this in hand.
Research any mail-in gold jewelry purchaser before sending your jewelry off to them. Be sure you figure out when you’ll get sent a payment, and be sure things are insured too. You can also protect yourself in case of any disputes by snapping some photos of your jewelry before sending it off.
Sell only to gold buyers who are licensed by the state. Licensure is not a guarantee of credibility, but it is certainly a good indicator. Remember that you have hundreds of options available, so do not be pressured into doing business with the first company to make an offer.
Know what you are working with. Pieces that appear to be gold may not be worth gold’s weight. A lot of the time there will be something mixed with the gold so it holds up better. The less gold, the less value. This is the case with gold plated items. If you don’t know what kind of piece you have, take it in to be looked at before you try and sell it.
When attempting to sell your gold, you want to do your research into the market price. Compare prices with other gold dealers. This will help you establish a price level to utilize. Ask a bit more than you want so you can negotiate with the buyer or seller.
If you go to a gold party, talk to the person who organizes it to figure out how they calculate the value of the gold sold. Many times the item will have a stamp. However, you may see no sign at all but there are ways to determine its value. One method that can be used is the acid test.
Before selling gold, separate everything by karat. This makes selling it much easier and prevents the vendor from trying to scam you. That will result in a lower payout for you. Be safe and maximize your value by having all the gold separated before dealing with the buyer.
You can sell your gold by mail. A lot of people who sell gold prefer this simple option. You get a mailer that is prepaid, place jewelry inside and send it, and you get a check. But, keep in mind that you may not get as much money this way. In some cases, you could get about 30 percent less for an item, so just be aware.
Most understand the true value of gold market, and how it has contributed the wealth of many. These recent hard economic times have increased interest in gold. Hopefully, the guidance above has given you the resources you need to get great results.