Dock David Treece is a former licensed investment advisor and member of the FINRA Small Firm Advisory Board. His focus is on breaking down complex financial topics so readers can make informed decisions. He has been featured by CNBC, Fox Business, Bloomberg, and MarketWatch. Better jewelry bargains may be found at estate sales and auctions.
If you’re concerned about inflation and other calamities, gold may offer you an investing safe haven. Though in the shorter term it can be just as volatile as stocks, over the very long term, gold has held its value remarkably well. You may also opt to buy gold you can wear—or that someone once wore but has been damaged—in the form of gold jewelry. Investing in gold jewelry, however, carries many risks that investing in pure gold doesn’t.
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Some buyers include insurance in their service, such as Alloy Market, which says it provides up to $100,000 worth of insurance on gold shipped to the company. If you need more coverage, you can often work with the buyer to raise the insurance. Generally, gold buyers like Alloy Market and Express Gold Cash will buy gold in multiple forms, from old dental crowns to jewelry to gold coins.
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Gold And Silver
If the option expires worthless, the amount paid for the option is lost; risk is limited to this cost. Trading gold options requires a margin brokerage account with access to options.
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The most common gold coins weigh one or two ounces, though half-ounce and quarter-ounce coins are also available. Collectible coins, such as South African Krugerrands, Canadian Maple Leafs and American Gold Eagles, are the most widely available type of gold coins.
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Any gold dealer—either in-person or online—can assist you in the purchase of physical gold. However, you’ll want to make sure the dealer you’ve chosen is reputable. Gold coins, like the American Gold Eagle or Canadian Maple Leaf, are popular collectables.