Gold is a great investment in these more than uncertain economic times. The reason being is that gold will maintain a tangible value, regardless of how bad or good the economy is. The problem is when and where to sell gold and cash in on some profits.
Here are few steps that help:
1. The ease of selling gold starts with buying gold. Yes, sounds strange but it is really easy after reading. Purchase gold that is clearly marked with grade and weight. The best way to do this is to purchase coins minted by government mints such as the American Gold Eagles and Gold Maple Leaf. Clearly marked coins lets any potential buyer know exactly what they are getting.
2. Be ready to fight for the best price. There isn't a gold investor unaware of the spot gold price, but most dealers often ignore it when the price is high. Be your best advocate and work the best deal possible. This means education and being armed with knowledge to argue why gold prices will remain high.
3. Sell gold on eBay or other Internet sites. Set up an account and start selling gold online. This can be a tremendous success, but remember the auction system is a pure free market tool and anything can happen, from auction to auction.
4. Build a relationship with a few dealers. Comfort is found in being familiar, so work on relationships with a number of dealers. Building trust will also eliminate the time needed to sell gold and the process of getting the price. Never underestimate the value of time.
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