7 Tips For Selling Your Gold Jewellery

Planning to part with your gold jewellery? Selling precious metal like gold can be risky so it’s important to be careful. Keep these tips in mind while monetising your gold ornaments to avoid getting cheated with less than their value.

Get quotes

It is essential to know the worth of gold jewellery that you are planning to sell. Ask for quotations from various buyers or pawnshops. 

Visit various bullion dealers UK shops and collect at least 3 to 4 quotes to compare. This way you can assess the value of the jewellery and settle for the highest price.

Check for purity

If you have hallmarked jewellery, then purity of gold is easy to establish. Weighing your jewellery will help you to assess how much is the value of your ornaments, based on current gold prices.

Retain invoice

You should have the invoice or purchase document with you before you plan to sell gold jewellery. A gold buyer will inquire for the invoice when you go to sell jewellery. 

The details of the piece and purity etc are clearly stated in the bill of purchase, so the retailer won't be in a position to contest.

Check the buyer’s policy  

Before leaving your jewellery with – or shipping your jewellery to – a potential buyer, check the buyer's policy on reimbursement if they lose your gold. Many offer only inadequate liability. Also, document and photograph the ornaments beforehand.  

Know the price of gold 

Before you plan to sell gold jewellery, know the price. You can check the price listed live on various websites. This way you can also decide on the best time to sell the gold. Although it’s very difficult to accurately predict future rises or falls in value. 

The demand of gold is more when the economy is looking shaky, as it’s seen as a safer bet than other forms of investment, such as stocks and shares. 

Where to sell 

You can sell at a reputed jewellery store where you have more chances of getting a fair price (market value) is the highest. As a policy, several gold shops will buyback only those pieces of ornaments which have been brought from them and not that which have been brought from the other outlets even if you posses the bill of the item. 

Pawn shops/ gold buyers are the other option where you can sell your gold jewellery. You need to be careful as these shops often indulge in malpractices and can cheat you. You can also sell your gold online on a trustworthy site. 

Worth of precious stones

In case of gold jewellery like rings, earrings and necklaces set with precious gems you need to find out worth of the entire jewellery item rather than just the value of gold in that. Gold buyers are generally interested only in the value of the metal making up gold items, rather than any precious stones in them or the value of the craftsmanship. 

Gold companies may remove stones from gold jewellery and discard them. High-fashion or branded jewellery may be worth more if kept whole, than if you sell it on for melting. So, consider this while selling gold ornaments. 

If you think you gold jewellery has more value than just the gold in them, are antiques or might be of interest to collectors, get them properly assessed and valued before selling them.

The Secrets Behind How to Buy Gold Online

Have you ever wondered why gold, silver and other precious metals and gem stones are considered as valuables? Jewelleries made from these items are considered as prized possessions by the owners and they treasure and cherish the same for lifetime. Apart from considering them as jewellery, these items are regarded as great assets too. 

This is because, the valuation of gold, silver, diamonds and other precious stones and gems do not depreciate very easily. The financial global market might be hard hit due to various factors, but the valuation of these metals is not much affected. 

Considering this factor, many people look to invest in gold and silver and make safe investments for future. Silver and gold can be bought in bar forms, as paper gold or silver as well as in the form of coins. It depends on the choice and preference of the buyer as in which mode he wants the investment to be made.

If you are interested to buy gold UK or looking to invest in silver bullion coins, here are some tips that you will find to be useful:

Understanding the mode of investment

Gold or silver can be purchased in many varieties. They can be bought in the form of coins, bullion bars or even as paper gold (gold backed IRA account). You must know and understand the variety that is regularly traded by investors and invest in the same. 

If you think that you have some rare coins, those can’t be used for the purpose of trading or investment. The gold coins for sale have to meet certain criteria and conditions. You can also buy gold bullion as it is a preferred mode of investment.

Finding the right gold dealer is important

When you buy gold online, you cannot do it directly. You have to make the purchase through a dealer only. With hundreds of dealers online, it is very important to make the right choice of dealer so that your gold investments are safe and secured. 

There are some places where the prices of gold and silver are low, but make sure that you authenticate the products before purchasing the same.

Invest in small quantities initially

Now that you have made up your mind to buy gold Birmingham or other kinds of precious metals and stones, don’t make haste and make a large investment right at the beginning. Start with a small gold investments first and see how the whole process goes. 

If you find it good and comfortable with great returns, you can always increase your investments. 

Check the fees you need for the investment

While investing in gold via bullion dealers Birmingham, you will have to pay various kinds of fees required for the processing of the investment. Check the markup of the dealer and see if the charges are higher than standard premium value. 

Genuine and legitimate dealers will disclose details of all fees that you pay for making the gold investment. Ask questions and clear you doubt before making the final buying decision. 

In spite of the tips, if you are scared in buying gold online, it is always recommended to seek assistance from an expert. There are many agencies where consultants offer expert advice and tips to people interested in investing in gold and other expensive metals etc. There are many bullion dealers UK, who can be of help as well.  

Why Buying Gold is a Good Investment?

Gold is one of the most expensive metals found in earth. If histories of nations are tracked, there are clear evidences of the fact that the yellow metal played a pivotal role in managing economies of a nation. 

Gold is no longer used in currencies in any part of the world, but the metal is considered for long-term investment plans. In fact gold investment has proved to add great valuation for your property portfolio. For hundreds of years, gold was considered as universal currency. It was later replaced by other currencies. 

Though gold is no longer used as currency, gold investments is still a preferred mode for many people and there are valid reasons for the same.

Mentioned below are some advantages that come with investment in gold:  

It helps in wealth protection

It is needless to say that banking systems and investment plans are at all-time low now. There is turmoil and lack of confidence in the whole economy. People are looking frantically for ways for protecting their property, assets and wealth. 

And investment in gold offers this opportunity excellently to investors. Preserving wealth in the form of gold will always come with significant value. This investment is a low-risk security asset which is sure to take care of the family’s future in hard times.

Offers hedge against inflation

With inflation taking hold, valuation of gold rises automatically. The pricing of gold happens in US dollars. As a result, deterioration in the valuation of dollar will obviously lead to higher rates of gold. 

This is the reason that at the time of inflation, investing in gold is much safer and wiser decision than making cash investments of any kind.

Investment in gold is considered as ultimate insurance

If you are aiming to remain prepared for turbulent times, there is no better way than owning gold as the yellow metal offers ultimate insurance. There is great turmoil in UK and other leading economies of the world. 

And in such a situation, gold offers the ultimate insurance against economic unrest and instability. Gold investment has significant value and this value never depreciates. Owning gold is like having a timeless asset, whose valuation will hardly deteriorate until and unless, there is some real crisis in the world.  

For controlling part of one’s wealth

If you don’t hold gold bullion bars, it means that you don’t own the same. Physical ownership of gold bars and coins help investors in giving ultimate control on one’s wealth. You have true control on your investment and saving with investment in gold. 

You can keep the gold bars or coins in the bank’s safety locker or even at home if you want. Electronic gold or paper gold will not give this opportunity of controlling a part of your wealth with gold investment.

Easy liquidity in times of need

The best thing about gold is that easy liquidity of the same is possible anywhere in the world. You will be able to get cash against gold in almost all parts of the world without any kind of problem. Along with actual cash, universality and liquidity of gold is truly unparallel.

With so many benefits of investment in gold, there is no point in not showing interest in the same. 

Start investing in gold right away and you will have assets for lifetime, even for your future generations.