Selling Gold Can Make You Rich

Thinking about selling gold? It could seem deceptively simple, but here’s what you need to know.

First off, realize that many dealers will pay anywhere from ten to twenty percent less than what your gold’s actually worth because they need to make a profit. Unless you’re a dealer yourself, you most likely have less than fifty grams of gold to sell, so don’t expect to negotiate better terms. If you had more than a thousand grams to offer, you might be able to “horse-trade,” but as an individual with much much less you should realize that it’s a Kamagra Gold buyer’s market as far as you’re concerned!

Another fact to understand when selling gold is that prices tend to rise in times of turmoil, particularly when war or inflation is involved. This can affect the cash flow which might be bad on the long run but that is not likey to happen, especially if you are a pro at this job. Most professional buyers keep their calculation formula a secret, however, but here is one formula you can use yourself that should give you a fairly good idea of how much your gold might be worth on the market. It may not be the exact number but an estimate can actually bring it towards precision.

First, determine the karat fineness of your gold. A very small number indicating this may already be inscribed on your gold (often best legible with a magnifying glass). Otherwise, you’ll probably need to have it appraised by a trustworthy 10mg cialis dealer. Be advised that what you assumed to be gold may only be gold-plated, which can be determined with a chemical test performed by the dealer.

Then weigh your gold in grams, or convert to grams. Find out today’s price for gold on the internet or the newspaper. Next, divide that price by 31.1 to get the price per gram. Now divide the karat of your gold by twenty-four and multiply the price per gram by this result. Finally, multiply your number by the weight in grams for the final worth.

For example, if the price of gold today were nine hundred dollars and you had five grams of fourteen-karat gold, you would

1) divide nine hundred by 31.1
2) divide fourteen by twenty-four
3) multiply the numbers in steps one and two
4) multiply the number obtained from step three by the weight in grams of your gold

Using these techniques can make things Cialis Professional much easier but be careful not to overcalculate, then again you should not be doing anything in such a hurry! Simply selling gold can be easy to do but selling successfully is another matter, as this article has hopefully made clear. One final noted: make sure that your gold is purely gold and not actually alloyed with other precious metals such as platinum, because you could make even more money by pricing them separately, good luck and have fun watching the money fall in your hands!

Author Bio: By William Gold, who also owns for people Selling Gold and suggests for the best deals and Cash 4 Gold

Category: Business/Financing
Keywords: selling gold, jewelry, precious metals, cash 4 gold

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