For some time now, the gold buyback market has grown more and more. Especially since the brands specializing in this field have multiplied. However, this boom has also favored malicious people, aiming to take advantage of the situation and do good business. They can then buy your gold back from you at a relatively lower price than the market price, and then they will sell it back at a higher price. Here are some tips that will surely help you.
Sell your gold safely
To sell your gold jewelry well, you need to know its value, including the amount of pure gold. To do this, all you need to do is check the stamp engraved on it. Note that professionals buy your items according to the gold price, so check online beforehand, before committing.
If you decide to go to a shop specializing in buying and sell gold, be aware that it is mandatory that you are of legal age to be able to carry out the transaction. You will therefore need to bring an identity document to prove your majority. Do not hesitate to request all the necessary information from the professional, in particular on the way in which the latter sets his gold redemption price.
When weighing your jewelry, make sure that the scale used is approved and that all manipulations are done in front of your eyes.
The pitfalls you must avoid at all costs
If someone contacts you by phone and asks if you have any jewelry or gold items to resell, never answer these kinds of questions. In any case, in the context of a gold buyback, telephone canvassing is absolutely prohibited.
You should also avoid sending gold to online sites headquartered abroad. Even less if the company does not provide you with a fully detailed quote beforehand.
Also, beware of itinerant buyers, as they usually only stay for a few days. Lots of people have fallen victim to these kinds of buyers, plus they don't even bother to give the gold price, so you will surely get ripped off if you don't do the right information. If the offer seems too wonderful to you, do not hesitate to check that the commission taken by the professional is mentioned.
Finally, if you have any doubts about the accuracy of what the balance displays during weighing, do not give up and ask for a metrological log instead.
Some rules and advice on selling and buying gold
You will understand that gold is generally a long-term investment. If you invest very little in buying gold, your profits may be less. On the other hand, if you invest heavily, you risk rushing into this type of investment. As a result, you can quickly run into liquidity problems, as you will not get any profit until you sell some or all of your gold. So try to take the time to think about what you really want to invest, in order to protect yourself from unpleasant surprises.
You are also advised to buy only the coins quoted, having a negative premium, zero or at least subtly positive. This guarantees you a lighter purchase as well as the possibility of resale at relatively more attractive prices.
Finally, do not resell your gold coins if you have more than one in one go. If you are thinking about investing in gold bars, it is recommended that you first orient yourself towards Napoleon coins. In this way, it will be easier for you to resell them, already because these parts can be resold separately. Thing that the ingot does not allow you. This must indeed be resold in full.
By following these tips, you will have no money problem, since you will always be able to resell your gold coins, in order to make you some cash.
