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Buying and Selling Gold Safely and Professionally

When you’re buying and selling gold, you have a lot to think about. Are you getting its true value? Are you being cheated? Would a different gold buyer have paid a higher price? Before you find yourself with seller’s remorse, study up on how the gold trade works. This will not only make you less susceptible to accepting a low price, but it will also help you understand the terminology a potential buyer uses when explaining the value of your gold. Here’s a look at what you need to know before buying and selling gold.

  1. That You Are Working with a Trusted and Reputable Gold Buyer
    These days, it’s hard for businesses to hide if they’ve wronged a consumer. Online reviews, the Better Business Bureau and a number of related organizations and resources now track the satisfaction of a business’s customers, so they can be a great place to start researching a potential gold buyer to see how they stack up against others.
     
  2. The Karat Weight of Your Gold
    Those little stamps inside your gold jewelry tell you just how much of your product is pure gold. If your engagement ring is 24 karats, you have almost entirely pure gold. If it is 10 karats, however, you have a product that is about 40 percent pure gold, and you can expect to be compensated accordingly.

Buying and selling gold can be highly profitable, but you are most likely to get the best deal when you have done your background research on the industry. For more information on buying and selling gold, call (480) 949-9299 today to speak with the experts at Ralph Mueller and Associates.