Oct
27

Adding Gold to Your Investment Portfolio

October 27, 2011

tips for selling goldYou’ve seen those daytime television commercials offering to buy gold, right? A few of them may have even sounded tempting. After all, you may have some jewelry sitting in a box that rarely sees the light of day. Why not make some quick cash from selling it? With the price of gold at currently hovering around $1,600 per once and predictions that it could reach $2,500 by the holidays, it is quite a commodity.

In “Investing Advice for Selling Your Gold,” the experts on the Equifax Finance Blog share their thoughts on adding gold to an investment portfolio.

If you’re trying to find a relatively stable investment, gold is certainly attractive option. And if you’re hard-pressed for money, selling is even more attractive. Here are a few tips to help you get the best deal when selling gold.

  1. Gold is not measured in standard 28-gram ounces. Instead, it is measured 31.1-gram troy ounces. Remember this if you’re measuring gold on your own.
  2. The National Association of Jewelry Appraisers can help you find a reputable appraiser. Be sure and get two or three gold appraisals to ensure that you get a good deal.
  3. Once you are ready to sell, there are several ways to make money on gold. Jewelry stores usually offer the most money, but gold parties are also a viable option. If you want to try a mail-in service, read the full article for advice.
  4. Watch out for scams. Speaking of mail-in services, not all of them are reputable business offers. If something seems too good to be true, it probably is. Doing your homework before you take the bait can save you in the long run.

For more tips on selling your gold, visit the Equifax Finance Blog.

Categories: Economy

About The Author

Read All Stories By Mitch Levinson

Mitch Levinson is the author of “Internet Marketing: The Key to Increased New Home Sales” published by BuilderBooks. He is an Internet marketing expert with expertise in search engine optimization, website development, email marketing, social media and CRM consulting services. He is known for creating effective programs that can be tracked through analytics to prove effectiveness and ROI. Mitch is founder and president of MLC New Home Marketing and MLC FlatFee Realty, as well as managing partner of mRELEVANCE, LLC, a Marketing, Communication, Interactive agency with offices in Chicago and Atlanta. He currently leads the Chicago team. A Multi-Million Dollar Sales Producer who earned an MBA in Computer Information Systems and eCommerce, he brings a unique perspective and experience to the field of real estate communications. Mitch combines the two interests in order to help home builders and developers gain a competitive advantage through the Internet and technology. When he isn’t behind a computer, he enjoys participating in sports and coaching his kids’ teams. Mitch resides in Arlington Heights, Ill., a northwest suburb of Chicago, with his family, which includes two rambunctious labs. Visit my Google+ profile.

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