Buy and sell gold jewelry:New York gold market

With the price of gold reaching unprecedented heights in the last few years, people in dire need for money are considering gold as a popular option to meet their urgent monetary requirements. With increase in popularity of gold in the investment portfolio, a large number of people worldwide are willing to buy the precious metal. Although you might consider selling the gold jewelries, coins or bars to a local jeweler or an online gold trader, before parting with your prized belongings carefully consider the factors that ensure that you get the right price.

How to Sell Gold

Verify the credentials of a buyer

Rogue buyers often try to dupe novice gold sellers by offering unusually high prices of the metal. They might run ads and set up temporary shops. Hence, before you sell gold always check the credential of the buyer. You can visit the local business bureau and check if there is any complaint against the gold dealer.

Check the gold price

Even when you sell gold to a legitimate gold dealer or jeweler, it is advisable to compare the prices offered by three or four stores. While soliciting a bid in a pawnshop or online, make sure that you know the correct base price of the yellow metal.

Check the scale

Although the Department of Weights and Measures in most areas periodically monitor the weighing scales, nonetheless, it is always advisable to observe the weighing scale closely when a jeweler or gold dealer weighs the gold.read more

Buy and sell gold jewelry:Reasons Why Gold Investment Is Great

Here are 7 reasons why buying physical gold is still the best precious metals investment:-

1.Gold has been around for thousands of years so there is plenty of investment research. The more research available, the better chance you have of assessing an asset's prospects.

2.If you buy gold there is no VAT to pay on the purchase. However, silver and other precious metals are not VAT exempt so you're 20% down before you've even started with those.

3.The gold market has evolved into a highly competitive and efficient arena. So the bid/offer spread (or difference where a dealer will buy and sell gold) is relatively tight (perhaps 5-10%). This means the market doesn't have to move up much for you to enjoy profits.

4.When you do come to sell your gold, you'll find the market is very liquid (there are lots of buyers and sellers for gold). As long as you bought from a reputable gold dealer, they will have helped you buy coins or buy gold bars and gold bullion which are well recognised globally, therefore maximising the price you'll get for your gold.
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Buy and sell gold jewelry:How to Buy and Sell Gold From a Home Based Business

Few realize it, but recessions are the best time to make money. If you know how to spot killer opportunities you can quickly start several new businesses that make massive profits while everyone is pinching pennies. Gold based businesses are one of the most lucrative opportunities in any down market. While starting a gold based business sounds intimidating it actually requires little effort and work.

There are a few key steps you need to follow before you are off to the races of buying and selling gold. Those steps include officially starting your business, creating a plan to buy gold and finding distributors to resell it too.read more