Monday, 30 September 2013

Looking To Get Started In Gold Investing? Read This First

By Diane Dizon


If you are a serious investor, you must be sure to diversify your investment portfolio. With that in mind, nothing beats gold. Whatever your reason for wanting to look into trading gold, this article has pointers to get you started.

When you invest in gold, the best way to invest in is bullion bars. They are available in various weights. They can be as small as half an ounce or as large as 400 ounces. Be aware that if you are looking for the biggest bars, you will have a difficult time locating them.

Do not dabble in the gold market until you are familiar with pricing of precious metals. The prices of precious metals fluctuates daily, so it's best to know the price of the day. Gold pieces with fractions of an ounce will command higher prices than pieces weighing one ounce.

Check the return policy before you buy anyone a gift of gold. It's not uncommon for many pieces to not be the receiver's taste or the wrong size. Because of this, it is critical that you are able to bring the piece back to obtain a refund.

Check the return policy before you buy anyone a gift of gold. You have no idea if the person for whom you are purchasing the piece will like it or if it will fit. If that should occur, it is important you can return the piece for a full refund.

If you plan to mail your gold jewelry to a firm, do some research on them and their policies before you do so. The last thing that you want to do is lose money because of a flawed shipment. You can also protect yourself in case of any disputes by snapping some photos of your jewelry before sending it off.

Make sure you're only selling to someone who has a license to purchase gold. There's still a chance of getting a bad deal, but chances are your buyer will be more than reputable. Many establishments purchase gold, so there is no need to sell yours to the first buyer you deal with.

Think about GoldMoney and other such services when you want to buy gold. This is the equivalent of establishing a gold bank account. You just sign up for your account, fund it and then you will be assigned gold. The gold rests in the bank where you can trade it for cash, portion it out, or redeem the gold for bullion bars.

If selling gold online is attractive, check the prices several times before making a decision. Frequently, you can find better values with a local trader than with a retail location. Sending your gold in by mail may be much more convenient, but you're going to end up losing money!

Now that you've come to the end of this article, you know a few things about gold. Use these ideas for improving the investment portfolio or making money with just gold. Do plenty of research on gold and investments before starting to work on your portfolio.




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