Since it’s discovery a few millenia ago, gold has been a sought after commodity with intrinsic value. Everyone loves gold, but most people don’t know enough about it. If you’re ready to start buying gold, read on for some important information.
When you sell gold, make sure to get multiple appraisals. There are quite a few stores selling jewelry or that buy it, and they sometimes make more money on the gold than you make on it. Getting multiple offers allows you to understand what you can get for your gold.
Gold prices fluctuate on a regular basis, so make sure you have up-to-date information about gold prices before selling something. Don’t forget to take into account the different karat values of your gold pieces. Stay away from selling high-end jewelry pieces because they have more value.
Conduct extensive research before you do business with a company specializing in gold. The BBB website and other online forums are excellent resources for information on customer satisfaction and a company’s standing. Additionally, get several offers before selling to a gold dealer to ensure you get top dollar.
Research the market price before selling any of your gold jewelry. This way you will already know what to expect for your gold. While dealers often give you market value, some are used to sellers wanting quick cash.
If you plan to mail your gold jewelry to a firm, do some research on them and their policies before you do so. Ensure you understand the reimbursement terms, and don’t neglect to purchase postal insurance for the package. Also you need to be sure to photograph everything you’ve put in your package in case they start a dispute.
When you buy gold jewelry as a gift, be sure to understand the return policy and get a gift receipt. It’s entirely possible that a particular piece ends up being improperly sized or simply unappreciated by its recipient. If this happens, you need to return it for a complete refund.
If you’re unsure what your gold might be worth, then have an appraisal done. Although you’re spending some money up front, at least you’re getting fair market value for your items. And make sure you only hire an independent and accredited appraiser to be sure you get an honest appraisal. If you continue with your plan to sell, do be aware that you won’t receive the price the piece has been appraised at.
Do not discount the value of searching through antique stores or thrift shops for your gold. You can find bargains in those places when you’re aware of what you want. Lots of folks donate items or sell them in such venues simply because they lack knowledge of their true value. You can take advantage of this if you just know what to look for.
Before selling gold, separate everything by karat. A vendor may scam you by weighing what you have together by the lowest weight in karat. You will end up losing money. Separating the gold before you go prevents this from happening.
Only buy from a dealer you know. Check with the Better Business Bureau to verify the reputation of a dealer. When you contact the BBB, you will learn whether there are complaints. If so, think about using someone else.
Never sell gold without a purpose! Gold tends to raise in price and while the price is very high now, it could go down more later. The longer you hang on to your gold, the more you’ll make from it in the future.
It is obvious that gold is not only a prized possession, but also a valuable commodity that can easily be traded. Thanks to the generally uninterrupted upward trend in the price of gold, investing in it is almost always an excellent idea. Now that you have the right information, you can start cashing in on gold.