Gold is not a subject that too many people know about. This lack of knowledge can make it hard to take advantage of all that gold can offer them. If you’re one of these people who doesn’t know much about gold, these tips will be helpful to you.
Consider delivery time when buying gold. If this is not possible, make sure you get a written contract outlining when the items will arrive. The expected delivery date should be noted somewhere. Complete your order only when given this information.
When you buy gold for another, make sure it has a return policy. You have no idea if the person for whom you are purchasing the piece will like it or if it will fit. By ensuring that the dealer offers a return policy, you can help protect yourself.
Get an appraisal if you do not know the value of your gold jewelry. The small investment required will ensure you get what your jewelry is worth. Only use an independent, accredited appraiser to get the most realistic value. If you’re going to sell the gold you have, you’re not going to get the appraisal value.
Realize that any piece that contains gold can be sold to a buyer. It may consist of decorative items, gold table ware, old items of jewelry and so on. Nor does it have to be 100% pure gold. It could be part of an item that’s gold, or just gold-plated. You still stand to make a fair amount of money selling it.
When selling your gold, it is necessary to determine if you wish to sell something as jewelry or simply to get its melt value. Pawn brokers and private sellers may just want to pay melt value. Don’t get discouraged since there’s a buyer out there that wants your pieces.
Don’t sell to entities that are not licensed by the state to buy gold. Licensure is not a guarantee of credibility, but it is certainly a good indicator. There are plenty of buyers for gold, so do not think that you must make a sale to the first buyer that you meet.
Don’t discount the value of looking for gold in vintage or antique stores. If you know what you are looking for, there are bargains to be found in such places. Many people sell or donate at these shops for low prices due to being unaware of what they own. Their loss can be your gain.
Know what you’ve really got. Not all that looks as if it’s real gold is as valuable as the real thing. Usually, there are other metals mixed with gold for stability. This results in a price reduction. Gold-plated items apply the same principle. If you don’t know how much your gold is worth, then it would be wise for someone to appraise its worth if you intend on selling it.
Lots of people that are big on gold don’t really know that much about it. After reading this article, you should know more. Use this information to make good decisions when investing in gold.