Selling Gold? Read This Important Checklist!
The main ways you can sell gold are: Become an investor and buy up gold bullion to
sell off later for a profit; collect gold coins or other gold artifacts; buy and sell estate jewelry; sell off your own or your families jewels, become a real prospector in the hills (or elsewhere).
Whichever way you want to go, you will need to do a little preparation and make sure you know what you are doing to get the best cash for gold you can.
Investing:
* Do you know how much you are prepared to possibly lose?
* Are you familiar with trading, if not in gold particularly, then in the stock exchange, Forex etc?
* Are you confident enough to know when to buy and when to sell for the best ROI?
Coin and artifact collecting:
* Are you familiar with gold coins? Some are worth more for their rarity value than for their actual gold content.
* Do you have books or research articles available on valuable coins and precious metals?
* Can you recognize genuine gold artifacts if you see them either online, or at offline auctions or fairs?
* Genuine artifacts will not have a familiar stamp on them - are you prepared to have them valuated so you can sell them? Do you know enough to know you won't get duped?
Estate jewelry:
* Do you know how to look for the karat (carat) rating on a piece of gold jewelry and understand what they mean?
* Do you have a loupe or at least a magnifying glass and know where to look?
* Can you tell a real diamond from a fake?
* Have you done a bit of research on design eras for estate jewelry? - at least enough to know what is antique, what is vintage, what is retro etc?
* Do you have an idea of where you might sell the estate jewelry you find?
* Do you know how to clean the jewelry you find to make it presentable?
* Do you have a passion and an eye for great gold jewelry?
* Are you prepared to give up some or all of your jewelry for profit, or are you likely to keep it all for yourself?
Sofa and attic prospectors:
* Do you think there is a possibility you have some hidden gold somewhere?
* Are you prepared to take the time to find it?
* Are you ready to get cash for gold and not look back?
Out in the field prospectors
* Do you have the right equipment? Metal detector, pan and other accessories?
* Are you prepared to put in the time and deal with disappointment?
* Are you prepared to hold a huge party when you finally find that nugget of gold?
Whatever way you want to do your gold hunting be prepared. You may find adventure, you may suffer a few losses, or who knows you may just find that pot of gold at the end of the rainbow.
by: Gen Wright
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