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The Sell Gold Silver Era

Sell Gold Silver

If you want to sell gold or silver, you may be surprised to learn that even though both metals are at a record level price, a lot of people are still waiting it out as much as they can before they cash in. And with the economy still in shambles, many people believe that the price of both metals will continue to soar as the dollar bill continues to drop.

And with prices going up in mortgage rates, taxes and so forth, many consumers are holding out for the price of the metals to increase as well. Those who sell gold and silver know that its history shows 30 years of increasing value and because both metals are secure verses the dollar bill, it’s seen as the perfect investment by those who are buying and selling gold and it’s counterpart.

As far back as man can remember people have sought out both metals simply because of their scarcity. And while both are certainly rare, more and more of us have sought to sell gold the most. People want it. The world wants it. And someday the precious metal may very well be the only real source of real money for our country, since we’re currently hanging by a very thin thread with paper currency.

We’ve borrowed so much from other countries that we’ve exhausted our sources. We are so far in debt that there’s very little hope that we’ll ever get out. And sooner or later it’s a very real possibility that our paper currency may be worthless.

Yet, if you have gold to sell, your chances of separating yourself from being a part of our country’s debt is very good. Before you make a decision on how to sell gold however, you need to understand just how much the precious metal is worth.

The first thing you need to do is separate your valuables into piles. Place coins in one pile, jewelry in another pile and so forth. And don’t forget that while it’s obvious that you can sell gold coins and gold jewelry, it’s also possible to sell scrap gold. If you’re unsure what should be considered scrap, items that are broken, damaged or in very bad condition will generally fall into this category.

Next you’ll need to decide how much of the precious metal is in each item. And while it’s easy enough to determine this in jewelry by knowing its karat, if you have items that are antique and unmarked, you may need a professional appraiser to help you decide how much your item is worth.

Once you know the karat of each item, you’ll want to use a digital scale to weigh each pile and then note the weight in ounces.

Then you’ll need to look up the spot price of the precious metal the same day you plan to sell your gold or silver. You’ll then need to take the spot price and multiply it by how many ounces of the precious metal you’re selling.

Then you need to decide where to sell your gold. Where you sell it will depend on the items you have. For example if you’re going to sell gold jewelry, you might want to take it to a jeweler, but if you’re selling gold coins, you’d want to take it to a coin dealer. Or if you plan to sell gold or silver scrap, you’ll want to find a buy sell gold and silver online or local dealer to sell it to.

Sell Gold and Silver Now or Wait?

Sell Gold and Silver

 

If you want to sell gold and silver, right now is the perfect time to do it. Both precious metals have gone up in price considerably and shows no signs of slowing down anytime soon.

Yet, some investors are actually advising against selling right now, claiming they’re not making any profit themselves and want you to wait to cash in on your gold and silver.

But should you really wait? Sure, the prices stand a really good chance of continuing to rise, but it doesn’t mean they don’t stand a chance of falling in price either.

It’s almost like playing the stock market with the big difference being both gold and silver will always be worth investing in. It’s a secure investment unlike paper currency and stocks.

And with investors predicating that selling unwanted gold in the future could mean a $3000 per an ounce return, some individuals are beginning to wonder whether it’s really a good idea to sell gold right now or not.

In fact, some are going as far as purchasing both of the precious metals and waiting to see what will happen next. Then, once they know that the prices of the precious metals are inflating as much as they have been in the past, they’ll know it’s time to cash it all in.

In fact, even other countries have realized that the need to sell gold and buy it is more valuable than the US dollar. They know that the paper currency isn’t backed by anything and can be as worthless as the material it’s printed on with the global economy’s current debt problems.

Still, there are those of us who are ready and willing to cash in what we have right now, simply because we desperately need the money. So if you’re ready to cash in all in, here’s what you need to know.

Be leery of those late night commercials and online companies willing to buy your gold and silver through the mail. While not all of them carry a bad reputation, you should still take added steps just in case you need proof that you did business with them, should the need ever arise.

Always make copies of everything, including any paperwork sent to you and take snapshots of all of the items being sent to the company and include yourself in the photo if possible.

You may also want to insure the package if the company doesn’t, but you need to keep in mind that there is a maximum to what the postal service will insure.

You may find your best options are local jewelry stores, coin shops and as a very last resort, pawnshops who are fairly easily to deal with when it comes to buying your gold and silver items.

Yet, even businesses like these aren’t always perfect when it comes to offering the best to their customers. They need to make a profit just like everyone else, so it’s always a good idea to do you research beforehand. Then, once you know you’ve got the best deal possible, you can sell gold and silver without looking back.