Get Involved In Gold With These Solid Ideas
Only sell to reputable buyers. Check reputations at the BBB and via online reviews. Reputable buyers will pay fair rates for gold and will provide solid customer service. You have to protect your investment as well as yourself.
If you want to send jewelry to a gold company via mail, check them and their conditions out carefully before going to your post office. Ensure you understand the reimbursement terms, and don't neglect to purchase postal insurance for the package. Take a snapshot of everything that you send in the mail for security.
Before selling gold jewelry, see what the current prices are in the gold market. This can help you discern whether you're being offered a good price or not. Most dealers should sell according to the market, but sometimes they'll try to scam you if they think you just want quick cash.
Check the current price in the gold market before you sell your jewelry. Doing so will help you figure out if a dealer's offer is a good one or not. Dealers typically give a fair price, but there are some unscrupulous ones out there. They may take advantage if they think you want to unload your piece fast.
Go through thrift shops and antique stores looking for gold. If you you're aware of what to look for, you can find some great bargains. A lot of people don't know the value of what they have, and just give or sell cheaply to those places. Reap the benefits from that loss, but only after researching first.
If you'd like to leap into the world of gold investing without having to pony up a large amount of money at the start, buying scrap gold may be the right tactic for you. Just keep buying a little every time you get paid, over a year or two you will accumulate quite a little pile. Store it in a safe hiding spot until you have accumulated enough to cash in.
Sending your gold away via postal mail is one option for selling it. Lots of sellers prefer this process, as it is easy. You receive a postage paid envelope, place your items inside, ship it and wait for a check in the mail. However, know that these buyers don't pay what you might get somewhere else. Sometimes you'll find that people are only willing to give you 30 percent less of what an item's worth, so watch out.
Talk to multiple vendors before making a decision about which buyer you'll go with. The offers may be hugely varied. When you just take buyer number one, you may lose money. Invest the time into the process, and you will be rewarded in the end.
A lot of times, earring backs are gold, even when the earrings themselves are not. Necklace clasps and ring bands are usually real as well. Since such pieces often weigh little, attempt selling them in a "lot". This is when many pieces are sold together to net a larger profit.
As previously mentioned, not everyone is well versed on the topic of gold. However, after reading the above tips and techniques, you should have a better understanding of gold.