Investing in gold is smart and can bring diversity to your portfolio’s risk. Keep reading in order to learn about gold as a very valuable investment option.
Gold prices change quickly and often, so you must stay apprised on the values of your items. If you decide to sell your gold, keep in mind that pieces that have different karat values need to be valued and weighed separately. Don’t sell jewelry that has an increased value because of the design or designer.
Before you buy gold, schedule a timely delivery. If you don’t get delivery immediately, you need written confirmation of when to expect your items. You should be provided with the estimated date of delivery clearly listed. Do not complete the order unless you receive written confirmation.
Only buy gold jewelry if you can return policyIf you have the receipt, you need to return it for a complete refund.
Get an appraisal if you do not know the value your gold holds. This requires a bit of an investment, but you want to know right? If you do want to sell the gold, you’re not going to get the appraisal value.
Shop around before you decide which gold buyer. The offers you get might shcok you. Going with the very first buyer might prove a good idea. Take a little bit more time upfront so you’ve got the maximum return on your gold investment.
Use a magnet to quickly determine if an item is made of gold. Precious metals do not going to be attracted to a magnet. Sometimes a jewelry piece is only plated in gold with a solid but the rest is plated. This is a good way to test it this way.
Before doing business with an gold dealer, contact your local Better Business Bureau. You will see if there were any complaints and customer reviews. Look carefully at any past complaints customers may have had and how they were resolved. If there are a lot of complaints on their record with the BBB, then you need to find another business.
You can sell gold by mail. A lot of sellers prefer this because it’s not hard.
If gold pieces have tiny gems in them, you can ask to keep them after the piece is melted down. If they are very small, however, this might not work.
You should now have information to help you with your gold investing. It can be a bridge between liquid cash reserves and mutual funds. Learn more about why so many people are interested in gold, and discover what you can do to balance the risks.