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Gold Investment

Gold has been the standard of wealth for centuries. In troubling economic times investing in gold can secure your money from plummeting stock prices, dropping interest rates, and the devaluation of paper currency. Your gold investment can help keep your finances safe and secure, provided your gold holding are stored in a secure environment.

There are many different ways to buy gold. Some investors choose to participate in gold stock investing and purchase shares from popular precious metals mining companies. With online gold trading it’s possible to access the latest spot gold price, check the futures gold rate, monitor gold trading stock charts, get the latest financial market news, and purchase gold securely from your computer. Using a Forex software platform you can purchase precious metals including gold and silver as well as the major currencies. Investing in gold mutual funds is a way for the investor to spread their risk over many different investment types. With these mutual funds you put your confidence in the hands of a fund manager to pool your money in with other investors.

Another popular investment strategy is to buy gold bars from a bank, mint or private dealer. Gold in this form comes in two different styles which are minted or cast ingots. Each bar is usually stamped with the name of the manufacturer, purity amount and a unique registration number. One more popular method of investing in precious metals is to purchase them as coins. Many investors prefer to purchase gold coins over bars because coins do not require assaying when sold. Coins such as the American Eagle, Canadian Maple Leaf, Chinese Panda, and the South African Krugerrand are popular choices. Typically theses coins sell for a small premium just higher than the value of the gold found in the coin itself. The best gold coins to buy will depend on the design, the rarity of the coin; and its value.

Many people already own precious metals in their home. This could be in the form of dental scrap gold. Dental gold is usually 18 Karats in its fineness and can be sold to gold brokers at the current gold rate, minus a small commission. To determine the dental gold value you will want to find the weight in grams and karat amount of your gold. To figure out the gold price per gram value you will want to take a look at the current gold price per ounce in your country, and convert it to grams [1 gram = 31.10 troy ounces] to find its worth.

Gold Buyers in Newark, New Jersey

When it comes to buying and selling gold in Newark, New Jersey, you need to find the most reliable gold dealers that can offer or pay you the best value for your gold. There are plenty of unscrupulous dealers right now who will offer you instant cash but at a very low price. These types of dealers can take as much as 75% off of the total value of your gold that you will end up as if you have just given away your money to them. If you do not wish to be in the same scenario, then read on and we will give you recommendations about the best gold dealers in the area.

To start buying and selling gold, you need to understand first how gold is valued. Not all types of gold have the same price and this is due to the differences of their composition or purity and to the amount of gold or weight indian-gold-coinof the item. Gold is a very soft and malleable metal which is why it has to be mixed with other types of harder metals in order to retain their form and shape. This is why those who have more metals mixed in them are harder and have lesser value than those who have a higher gold content or purity.

Next, you need to understand that the price of gold is not fixed and that it can fluctuate depending on the state of the economy and other factors. The prices can change daily and can be higher or lower from the other day. This is important to know since the buying or selling price of gold depends on the fixed price on the international market. Arm yourself with this information in order to know whether you are getting a good or bad deal.

Some of the best dealers in Newark are the Rich & Son, the Elizabeth Coin and Jewelry Exchange, and the J&D Enterprises. They buy and sell gold at the current market value and they deliver friendly and excellent customer service even for first time buyers and sellers. Rich & Son is a well-known pawnshop but they also buy scrap gold as well. You can just walk-in on any of their branches and you can get an offer and payment at the same day. They can pay you in either cash or check, depending on your options.

Elizabeth Coin and Jewelry Exchange is a certified broker for gold and diamond items. They also pay higher prices for antique collections and items. You can also bring old and broken jewelry and other gold items to them and they will appraise it for free. J&D Enterprises on the other hand, is a full service jeweler. They buy and sell gold items to private customers and you can rely on the quality of service that they have been providing for more than three decades now.

You can find the said dealers at these Newark, NJ addresses:

Rich & Son
www.richpawnnj.com
857 Broad St
Newark, NJ
(973) 623-1616

Elizabeth Coin and Jewelry Exchange
www.elizabethexchange.com
260 N Broad St.
Elizabeth, NJ 07208
(908) 354-0202

J&D Enterprises Inc
www.jdenterprisesinc.com
54 Magazine St.
Newark, NJ 07105
(973) 344-3671

photo attribution: sprott_money