1. How to Buy Gold Low
If you plan to invest in gold, why pay full spot price plus a premium? You can
actually buy gold low and reduce any risk of loss if the spot gold price does
happen to fall.
Did you know that in 2008 there was over 1000 metric tons of gold bought below
spot price? In fact, much of it was acquired at prices way below spot.
Every day there are people looking to sell gold jewelry and bullion bars and coins.
The biggest challenge for those selling is where to get a fair price for their
valuables. The reason for this is, most gold buying locations like pawn shops and
coin dealers pay only a fraction of the true value.
Gold Buyers
This creates a huge opportunity for investors in gold. As an investor you can pay
the seller more than they can receive from the usual gold buying companies and
still acquire it below value. It creates a win-win situation for both. The seller gets
more for their valuables and the investor gets their gold for less than spot price.
The process is rather easy. Simply get the word out by printing some business
cards and placing an ad in the classifieds of your local penny saver or shopper
guide. Mention in the ad that you buy for investment and for that reason you pay a
higher price than other buyers.
Sell Gold Jewelry
Before you know it you will have sellers contacting you. Once you are contacted
by a seller just set up a time and place to meet to look at their items.
You will need a few tools to help make an accurate offer. A gold tester should be
used to be sure the item is authentic. This could be as sophisticated as an
electronic tester or as simplistic as a acid test kit. You will also need a scale to
determine the weight of the gold.