A few things you should know about selling your gold!

7:46 am by

If you’ve been considering taking advantage of the escalating price of gold you should know more than just where to sell gold. There’s money to be made, there’s no doubt about it. But maybe just a few pointers wouldn’t be a bad idea.Just a few words to the wise

Below are some things to keep in mind when it comes to selling off your gold.

  • Just in case… get a receipt! One never does know if a future dispute will arise, though hopefully you did your homework in advance and checked out your gold buyer ahead of time. Still, it never hurts to have a receipt for any transaction. What should be included on this receipt? The date of the transaction, name of the precious metal purchased (gold in this case), fineness of the gold purchased, the weight of the gold, standard measures of weight and the prices paid for gold, signature, address and name of the gold seller and of course the address and name of the buyer.
  • When possible, watch the weigh-in. If you are sending away, just make sure you’ve done your homework. Research the company, look at testimonials and get unbiased reports off the internet.
  • The same goes for testing. But once again, if you’ve checked out the company and have faith in them, all will hopefully be fine.
  • Know your gold. Don’t just send off your stuff without having at least some idea of what you have in advance. There’s no harm in getting an estimate before you send off your gold.
  • Got a scale? Weigh your gold before shipping it out. Remember that the entire weight of a piece might not be all gold. You want me to meet you where? Do not meet someone somewhere even remotely questionable. The rear room of grocery stores, laundry mats and garages is not where you want to ‘do a deal’.
  • If you do your gold selling in person, never, ever let it out of your sight. There is nothing that buyer needs to do that can’t be done in front of you.
  • Would you buy the first car you see on the lot? Hopefully not. Research, shop around, compare. Don’t go for the first offer no matter how ‘generous’ it seems. And never fall for ‘this is a limited offer’, ‘one time only’ or ‘I can only offer this for another 5 minutes’. Puh-leeze.
  • How can you see the gold over the phone? Believe it or not, some buyers actually give phone quotes. How on earth will that be accurate?
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Five tips on how to asses a precious metal dealer

7:43 am by

There are many metal dealers in the market who offer precious metal services. Each one of them offers different types of services to ensure satisfaction to their customers. It is important to choose a dealer from whom you can get the best value for your money. Some of the things to look at when selecting a dealer include:

  • Experience.  An organization that has been in existence for long has skills and experience in metal deals. Knowledge comes with a long time of experience. There are many dealers pretending to have knowledge in metal investment. Always ensure that you get the right metal dealers with great skills to help you succeed in your investment.
  • Price.  Price is a really important factor in precious metal investment. A lower price value allows you to recoup your investment. A lower price also enables you to make substantial profit when you sell them at higher prices. Considering that dealers will charge you for their buying and selling services or even consultancy, you should compare rates offered by different dealers. Always ensure that you choose high quality dealers who will offer quality service at a reasonable price.
  • Safe transportation to the investor’s home.  Because of the value in these types of metals, the transportation process is usually risky. Choose a dealer who will ensure safe transportation to your house or premises. Other dealers offer free shipping services as a way of after sales service. Therefore, choose dealers who will offer such services to help you in cutting your transportation costs. These dealers also offer such services to ensure customer satisfaction.
  • Easy purchase.  Metal prices may fluctuate over some period of time when affected by factors such as political issues and economic climate. Investing in metals at the right time means that you should buy or sell your metals quickly. Choose an online precious metal dealer who offers an easy means of doing business. Their website should be available all the time so that irrespective of the time, you can buy or sell your metals with ease. A good dealer helps you to buy or sell your metals at a perfect time when you are going to make best returns.
  • Variety.  A good precious metal dealer should have a wide variety of metals to choose from. A new investor will require a dealer who offers variety of metals, thus giving you many options to choose from. A dealer who offers a variety of metals also helps investors anytime the market changes and there is need to buy different types of metals.
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