Gold has been highly valued throughout history. Gold has been around for thousands of years and man has always held it in high regard. Beyond gold’s natural beauty, it has also acted as a way to store and accumulate wealth. If you want to buy or sell gold, read these tips.
Go with a legit buyer if you’re selling gold. You can check out their reputation by contacting the BBB and checking online reviews. A reputable buyer will typically pay you a fair price for your gold, and they will offer better customer service than less reputable buyers. This can help you to be protected when dealing with gold.
If you are going to buy a particular gold piece from any seller, be certain that you know exactly when to expect the delivery. To ensure timely delivery request a confirmation on the shipping date. Make sure that a specific date is listed within this writing. Proceed with the order only if you get this confirmation.
You need to be cautious about the kind of gold that you purchase to help fund your retirement. Gold needs to be IRS-approved. They require that the gold be coins or bullion bars that are 24 karat. Because they hold their value, buy gold bars instead of gold coins.
When you buy gold for another, make sure it has a return policy. You can’t be sure when jewelry is liked by the other person or if it even fits them. This is a huge problem.
Get an appraisal if you have no idea what value your gold holds. The small investment required will ensure you get what your jewelry is worth. For the most accurate appraisal, use the services of an accredited and independent appraiser. If you’re going to sell the gold you have, you’re not going to get the appraisal value.
Comparison shop when selling old gold jewelry. Many stores will charge a higher rate than the posted spot rate for gold. Local stores that don’t have outrageous overhead may be able to pay you more for your gold.
Sell gold to buyers that are state licensed to buy gold. Licensed buyers will probably be reputable. Lots of shops or individual operators are willing to purchase gold, so you should never feel you need to go with the first offer you get.
You could also use GoldMoney to buy gold. This is like opening a bank account for gold. You will simply establish and account, deposit fund and receive the value of your account in gold. While the gold itself physically remains within a bank vault, you can deal with it as you see fit.
Before you sell your jewelry for scrap gold, have them appraised. The more intricate the jewelry, the more it will be worth. Although you will probably have to pay for an appraisal, you might find you have something worth a lot more than you thought. An appraiser may also have connections with jewelry buyers.
Since you just learned some valuable information about the worth of gold, you can see why so many people are interested in it. Not only does gold look beautiful when worn, it is always a very worthwhile investment. You should be well-prepared to start your gold investment career off right if you heed the advice you’ve just received.