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Victor Walthour
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Victor Walthour   My Press Releases

Are You A Gold Lover? Read This

Published on 5/23/2019
For additional information  Click Here

As the dollar's value declines, lots of people see gold and precious metals more favorably as an investment. It is the most popular precious metal as the value is always going up. Use the advice you read here to guide you in your gold buying.

Before buying or selling gold, know how all the prices work. The value of gold tends to fluctuate, which is why it is important to understand the market trends. Also, understand that some types of gold will be more expensive than others.

Never overlook gold scraps. If you happen to have small pieces of gold sitting around, keep them together to sell at a future time. This can be scraps from an old pair of earrings or any other piece of jewelry. Even a few ounces can be some serious cash back in your pocket.

Before finalizing your gold sale, get the entire thing down in writing. Later on, if there's any sort of problems related to the sale, you'll need this signed written document at the ready to prove your case. If you don't have it, you may find that proving any sort of fraud will be nearly impossible.

Once you decide to sell your gold, start your search with local dealers. Go into a store and get a ballpark figure for your pieces. From there, you can begin checking online and in other shops to see where you can get the most bang for your buck. Get at least four to five quotes before you go forward with a sale.

When selling your gold, realize that jewelers use a different scale system than others. For example, one ounce of gold will weigh 31.1 grams. Some businesses weigh by the pennyweight, which is 1.555 grams. Then, they purchase by the gram instead of the pennyweight, which can result in them underpaying you.

If you are purchasing gold jewelry and have allergies to nickel or other metals, only purchase 18 or 22 karat gold. Almost all gold jewelry has some other metals in it because pure gold is very soft and not easy to wear on a day to day basis. By buying 18 or 22 karat, you are ensuring you're getting the most gold, meaning less change for an allergic reaction.

Instead of immediately thinking you have scrap gold, take it to get appraised first. This tends to be true for pieces that have intricate workmanship and details. A proper appraisal may cost money, but it can definitely be worth the expense with valuable pieces that may have resale value. Appraisers might be aware of parties interested in your jewelry.

Do not assume because there is no stamp that a piece of gold is not real. There are many solid gold pieces out there that are not stamped at all. Try testing the gold in question with a magnet and if it does not stick, you probably have solid gold.

There are a lot of things to think over when deciding if you're going to invest in precious metals. Many people prefer gold bullion, while others prefer purchasing stock in gold companies. The article you've read is going to help you figure out these different investments.

What you need to know about Bitcoin so you can make money - and not lose your shirt!

We share what you need to know including:

>>> 7 Crypto Trading Techniques plus...

- What is Bitcoin
- Bitcoin Scams you should avoid
- Things to know BEFORE investing in Bitcoin
- How to make money with Bitcoin
- What you need to know about Bitcoin Mining
- 4 Easy ways to acquire Bitcoin
- Reasons Bitcoin is here to stay
- Bitcoin Wallets, important facts!
- Secure trading platforms to buy and sell Bitcoin

Get Details Here:

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