Fantastic Tips About Gold That Are Simple To Understand A buyer with a good reputation will normally pay the going rate for gold, and offer superb customer service than a company than is not legitimate. Protect your interests and your gold by doing this. Prior to selling or buying gold, be certain you know how precious metal pricing works. Metal prices fluctuate constantly, so you need to know the price on any given day for a transaction. A higher percentage over the melt should be expected when purchasing fractional gold pieces such as 1/2 or a 1/4th ounce against a one ounce piece. Gold is high in price, and this deters some. You might choose gold-plated or gold-filled pieces instead of ones that are full gold. You can acquire gold jewelry from a number of sources at a reasonable price. Online auctions, estate sales and pawn shops are only some of your options. Research any mail-in gold jewelry purchaser before sending your jewelry off to them. Be sure to understand when to expect payment and how to insure your items. Take a snapshot of everything that you send in the mail for security. Be aware that it is possible to sell anything with a gold content to gold dealers. Gold pieces can be anything from jewelry to tableware, even home decor. Note that these items need not be pure gold. It could be plated gold or it could be that just a portion of the item is made of gold. You will still receive money from the sale of these items. On the day you are planning to buy your gold, check the spot price. This price changes every day. You can locate it on several different websites. Only place your order if you can find a dealer willing to sell for an 8% markup or less over the spot price. If you find a dealer asking for more than 8%, they're overcharging and may not be ethical. Know the true value of your gold. Not all pieces that appear to be gold are worth their weight in gold. It's not uncommon to find gold that has been mixed in with other, lesser metals. This makes the value lower. Also, some items may only be gold plated. If you don't know what kind of piece you have, take it in to be looked at before you try and sell it. When selling gold, research the market price. You should see if you can figure out what people are selling pieces like yours for as well. That way, you will have a good starting point. In order to be able to negotiate, you ought to give a price above the amount you really want. Prior to picking a gold buyer, comparison shop. You might be amazed by the variety of offers received. Going to different places will allow you to weigh your options and go with the best deal. It can also help you to negotiate if needed. Taking your time can really end up getting you the best deal out there.
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