Verify their good standing by checking with the BBB and reviews online. A reputable buyer will typically pay you a fair price for your gold, and they will offer better customer service than less reputable buyers. Do this to read more
Protect yourself and your gold investment.
Always do your homework to find an honest and reputable gold buyer. Better Business Associates can give your information about complaints made against a company and how those complaints were resolved. Check for offers through different buyers to make sure you get the best price for your gold.
If you decide to mail your gold to a buyer, find out how much mailing and insuring these items will cost you and how much you will have to pay to have the items mailed back to you in case you do not accept the buyer's offer. Many companies offer free shipping but charge more for mailing items back. Understand what you will have to pay if you don't like their offer. Protect yourself.
Use GoldMoney to buy gold. This service is similar to a bank account that holds deposits in bullion rather than currency. You make an account, bank your money, and then you receive gold at the price you chose for your account. The gold is in a vault being protected, but you can sell it or even have a bullion bar shipped to you.
Proceed with caution. The gold market has more than its share of disreputable dealers. Many people would like to take advantage of your lack of knowledge on gold. Therefore, it is important to proceed with caution and research each company carefully.
When you buy some gold jewelry for another person, make sure they have a refund 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.
In many jewelry designs, support pieces like the backs of earrings will be made of solid gold, despite the rest of the piece not being solid. Necklace clasps and ring bands are usually real as well. You can often sell these smaller pieces together to get more money. This is when many pieces are sold together to net a larger profit.
Never neglect the idea of hunting in antique shops or flea markets to find gold. You can find gold in unexpected places, but you have to know what to look for. Many people sell or donate at these shops for low prices due to being unaware of what they own. You can benefit from the seller's loss if you research a bit.
Never sell some gold just for the sake of doing so. Gold is always going up and you never know when it will stop. You may be able to sell your gold for even more later if you hold onto it now.
Even though gold is often profitable, it is also equally volatile. If you cannot handle sharp price swings, this investment is not for you. If your stomach can handle the rough ride, you should still protect yourself from losing too much money. Only invest a small portion of your portfolio in gold.