Gold Jewelry - Prevent yourself from getting ripped off

This is a difficult economy that we are living in, and this is the reason why more and more people are thinking about selling gold these days. Almost everyone has some kind of gold jewelry in their home, we sell it so that we can get some cash and help ourselves to sustain in this tough economic conditions

Now, you might have already seen advertisements saying, “We will buy your gold” on the street corners. These advertisements also appear in the daily newspapers and on the television. So, should you trust these gold dealers or shops with you gold? Will they really give you the right amount of money in exchange of your gold jewelry?

Before you sell your gold jewelry to a random gold dealer, there are a few things that you must know. It is really important for you to know the right price of your gold jewelry in the market today. This can be quite a tough task to accomplish because when a gold dealer purchases your gold jewelry, it isn’t sold out straightaway to another person (in most cases). After purchasing your gold, the dealer usually sends it to the refiner. The refiner has a lot of expenses that he needs to do in order to convert your jewelry into something different.

Finding the current price of gold in the market is quite easy though. These days there are several websites which update the prices of gold every day. This will help you in getting a rough idea about how much cash selling your gold jewelry can fetch you.

Also, before you choose a gold dealer, try to find the consumer reviews related to his services. These reviews are from people who have already used their services, so by going through the reviews you will get to know if it’s a reputed dealer you are dealing with. Once you have done your research, you can sell your gold jewelry and get the cash that you need.

Looking to invest in gold?

If you read the newspapers or watch the daily news on TV, you would easily be familiar about the skyrocketing prices of gold these days. Gold is talked about in the investment news daily. So, without doubt investing in gold is one of the wisest decisions you would ever make in your life. However, before you leave everything else and start to concentrate on the gold investments, there are a few things that you should know.

A lot of people think that in order to make gold investments they have to physically own the gold. This is NOT true. Do you know that you can only buy gold in papers, which means that you do not have to worry about finding a place to store it and hence your gold investment will remain protected at all times.

Do you know about the stock market? If you do not have any experience related to investments, then it’s strongly advised that you take help of a professional who knows the market very well. If you are going to be investing in gold, you are going to be making a big investment, so make sure that you research everything before you finally make the investment.

There are several ways to invest in gold. If you want to do it in a way that is also fun, you can choose a hobby of collecting gold coins. It might not look as appealing to you in the beginning, but you have no idea how profitable this can be for you. If at certain point of your life you decided to sell your collection, you would not only get the profit out of gold content of these gold coins but also of its numismatic value.

Now, if you are rather looking to do something quick, you have the option to buy gold bullion bars and gold coins off the gold dealers in your locality. Usually, if you live in the city, you can easily find a gold dealer, but for people who don’t have this option they can always use the internet to find some renowned gold dealers. Be sure though that before you choose a gold dealer, you check out the reviews related to his services. Once you have bought the gold and invested it into the right place, you can simply relax knowing that your future is finally financially secure now.

Gold Coins – A great way to invest in gold

Have you been collecting gold coins for a while now? It’s definitely one of the best hobbies because it not only lets you have fun but also contributes majorly towards your financial future. While collecting gold coins, you probably do it only as a hobby but during the later years of your life, you will find that these gold coins can bring in a lot of money to you.

The oldest your collection, the better it is for you. The value of gold coins is not only assessed on the basis of their gold content and weight but also through its numismatic value. If you haven’t really read much about gold, then you might be wondering what numismatic value is. Basically, numismatic value of gold depends on several factors; the year it was circulated, the no. of coins that were circulated and the price of gold during that time.

Now, what if you do not have such a hobby? Does it mean that you cannot have gold coins? No, it’s not like that. You can still buy and sell gold coins even if you are not a gold coin collector. There are a lot of gold dealers who have a variety of gold bullion coins that you can purchase. If there’s no gold dealer in your locality, you have the internet to find one.

Gold is accepted throughout the world. This means that you will hardly face any type of problem in selling your gold coins. They also come in different sizes and shape, so depending on the amount of money that you want to invest, you can choose the gold coins that appear profitable to you.

Have you finally decided to buy some gold coins? If yes, then don’t just go to the gold dealer straightaway. It’s really important that you research about the different types of gold coins and their value before you make the final decision of purchasing them. When you have a good knowledge of the gold coins, you will be able to choose the right ones for you so that your gold investments can yield you the profit that you have set your mind to.

Why is gold jewelry so much in demand?

There is not a single person in the world who doesn’t want to own gold jewelry. Gold is so much in demand that people really work hard to be the proud owner of this yellow money. Do you know that gold is not only used in the form of jewelry, but also as a very profitable investment alternative?

Gold does not lose its attractiveness over time. Every now and then gold is found from different eras; which still looks the same way as it must have during those years. You would be pretty amazed to know about the different areas where gold can be used. Gold is a good conductor of electricity and head, and is therefore used in manufacturing computers as well. In the field of medical science, dentists use gold crowns in their teeth restoration dental procedures. Also, it can be used while providing arthritis treatment to the patients.

Gold can easily be transformed in any shape. It is one of the most malleable metals that are out there. A lot of fashion designers use gold in the form of threads in sewing clothes. However, there is absolutely no other way in which gold is used other than for making jewelry. Women like it so much that they always keep a variety of gold jewelry to wear on different occasions.

It is to note that almost 1/3^rd of the gold that is mined is used to make gold jewelry. In the music industry; especially hip-hop and rap artists like wearing gold jewelry. They use it for teeth covers, bracelets, watches and what not to show off how much money they have. Therefore, gold has emerged over the years as a very strong sign of wealth.

As you can see, there is a huge demand of gold in the world today. The prices of gold are always on the rise, so it’s always better to get your hands on some gold jewelry as soon as you can.

Is it really worth buying gold?

There are a lot of people who are quite unsure about investing their money in buying gold. When they think about buying gold, several questions come to their mind. Would it be worth the investment? Is it going to bring me any profit? These questions generally come to mind when we do not have enough knowledge about gold. So, before you listen to anyone’s advice, it’s wise to find out yourself if gold can really help you in achieving financial goals that you have in your mind.

The fact is if you are an investor, then you got to have gold in your investment portfolio. Now, if you are buying gold for short-term, you will hear speculators saying all sorts of things. However, that’s not the main reason to invest in gold. If you are a smart investor, you would know the protective value of gold and invest in it for long-term.

Gold helps you diversify your investments. Not only that, gold also provides you protection against things like unforeseen crashes in the stock market, economic downfalls and worldwide recessions. Gold is the only commodity that remains unaffected in such circumstances.

Now, you might already have stocks and bonds in your investment portfolio, so you might be wondering why add gold to it? Gold provides you with an extra layer on top of your investment portfolio. It is to note that gold is totally a different asset class as compared to the stocks. Gold standard was abandoned in the year 1971, and since then gold has always behaved in a very inverse fashion in the stock market. If you invest in gold, you can be relieved that just in case the stock market under-performs, you still have your gold investments which can provide good returns during this time.

Interesting links on the topic:

1. http://stocks.about.com/od/advancedtrading/a/012509gold.htm
2. http://www.investopedia.com/stock-analysis/2012/billionaires-are-buying-gold-should-you-gld-au-phys-vig-gtu1219.aspx
3. http://www.bankrate.com/finance/debt/is-it-time-to-buy-gold--1.aspx