So I’ve got a few items to sell. Gold items to be specific. Gold I tell ya. Nothing tremendous like coins or some heirloom piece just a watch and some used jewellery and a few trinkets I found metal detecting. Scams abound so where can I even begin right? I’ve just completed a little research on how to proceed so here goes:
Beware of fly by night operations:
They race into town, pop up a tent, then speed away, all while you were eating tacos at Qudoba. Check with the Better Business Bureau and please shop around before considering one of these guys, the bottom line is they won’t offer you anywhere near what the true value might be.
That brings me to the most important and hopefully obvious point. Do some research and get multiple quotes from gold jewellery buyers. The more the better. It’s also kind of fun to learn a little how other shops describe, measure and categorize your items. The process varies wildly.
Watch what they do
Pay attention to how your gold is weighed. Believe it or not those scenes where store owners cheat innocent patrons from their true value using a bungled scale still exist. Ask to see what they are doing.
Check the little type
Look for hidden fees, shipping, buyers protection costs, what if the on-line seller loses the package… the list goes on and on. Read what you are getting into but more importantly understand it.
Does it have more value than you think
Stop for a minute. Is this item something that has more value than just the amount of gold in it. If you are considering selling something that has been in your family for multiple generations or has other possible sentimental value pause and think. Just because you might need quick cash, or don’t see the same value that others see in the item, doesn’t mean selling it is the best thing to do. Every situation is different but just approach selling gold with a long term horizon.
Investment is something that a great many of us would like to be involved in. After all, what better use is there for spare money than turning it into even more money? The problem is that lots of people think that investment means either having a large sum of money to give to an investment company, or having money in the bank that accrues a tiny amount of interest. In actual fact, there are now ways to invest your money online. You don’t need a fortune and you’re your own boss.
What we’re talking about are the financial markets, and in particular, forex or FX. This is the global market in which people buy and sell currency to make a profit as prices fluctuate. There are many different ways of trading currency, but the basic principle is that if you buy a certain amount, and then it rises in value, you’ve made money. If you sell at a certain price, and then the price drops afterwards, then you’d also have made a profit.
The great thing is that all of this can be done online from the comfort of your own home. You open an account with a broker, which can be done with as little as $200, then you download forex trading software, and you’re theoretically ready to go. As long as you’ve got an internet connection, you can trade 24 hours on any weekday.
Of course, it’s not quite that simple; you do need to learn more about how forex trading works before you jump in with your hard earned money. There are plenty of resources available, and the main focus is learning how to predict which way you think prices are going to move. Financial trading is not gambling; all trades are made after the proper research has been done. You don’t guess which way prices will move; you use what are called signals. These could be news pieces, economic announcements, or patterns on price charts.
Trading online has the potential for much larger investment returns than with investment companies or banks, and you don’t need to deposit large sums of money at a time – you can work with whatever you’ve got. There is of course risk involved, but there are thousands of successful part-time home traders around the world. If you’re interested, try out a demo account and start learning.