When To Sell Gold

Frequently Asked Questions

1. QUESTION:
   How much money can i actually get when I sell broken gold?
   I have lots of unwanted & broken gold. And want to sell some old gold pieces. And I know that the places to sell gold is endless....And, know that gold is trading at an all time high, I think its over 0.00 an ounce. How much can I expect to get from a dealer if I have an ounce of gold? Should I take it to a pawn shop or an independent dealer? OR should I sell them online?? Thanks!

   • ANSWER:
     Never sell your gold to a pawn shop or jeweler. They are just going to turn around and sell what they bought from you to a precious metals refinery for more money than they paid you. I would recommend sending your gold straight to the source. Many precious metals refineries out there are buying gold directly from the public and paying way more than a pawn shop or jeweler. Shop around for refineries posting their prices for individuals. I would recommend looking at Metallix Direct Gold. The have their prices posted daily and offer free shipping and insurance.

2. QUESTION:
   How much money do you actually get when you sell broken gold?
   I want to sell some old gold pieces. The places to sell gold is endless....And, know that gold is trading at an all time high, I think its over 0.00 an ounce. How much can I expect to get from a dealer if I have an ounce of gold? Should I take it to a pawn shop or an independent dealer? Thanks!

   • ANSWER:
     Well It depends on whom you sell it to. If you sell it to a pawn shop or jewelry store, all they want to do with it is resell it to someone else. So if it is broken or chipped or dirty or messed up in some way then they wont give you as much for it cause there is a smaller chance of someone buying it from them. If it has a lot of gold in it you can sell it to a jewelry maker or a factory that sells gold and they will melt it down and give you money for whatever amount of actual gold is there, cause they can then make whatever they want out of it.

3. QUESTION:
   Where Can you sell Gold Bullion Coins If the Chips are down?
   Alot of questions here, i know a Bullion outlet can buy or sell when they please, but if you had .9999 fine coins like the american buffalo (as ugly of a coin as it is it is wrapped in plastic and can't scratch in its packge) Could you sell it to the jewlerers ar spot. So another question would be would.9999 fine gold be better because more sources can buy it and even when a market is heading downwards, jewlery and industry still need gold.
   Is this common or does industry usually go to other sources.

   • ANSWER:
     www.kitco.com is the best source of bullion price info, but some local coin dealers (listed in the phone book or on-line) will pay a bit more for them (and will teach you more about them).

4. QUESTION:
   Who should i sell gold nuggets that has historical value to?
   I have some gold nuggets that was given by Chiang Kai-shek or 蔣介石 to his fellower when he first founded taiwan. I wanted to sell away these gold but who should i sell if i want to get a better price? Each nuggets is engraved and has a serial number, each weight 37.5gm. What is the highest i can fetch for each of these?

   • ANSWER:
     i wouldnt sell them they will go up in value as this depression worsens and the dollar inflates. you really should not get rid of them.. but if you want to sell them do not do that crap they show on tv youll get ripped off. first find out if its pure gold and then weigh them. if lets say you have an ounce then go on ebay and do a buy out of 900$ this is 55.10 less then the current price of gold per ounce as of today. youll get rid of it fast.

5. QUESTION:
   What's the best way to sell gold and know we're not getting ripped off?
   My grandma called my mom today and told her she has a bunch of old gold jewelry she doesn't want anymore and wants us to sell it to use for our bills and such. How do we know if were getting a good deal or not when selling this gold? Does it go by ounce for jewelry as well?

   • ANSWER:
     You should be able to get 70% of its value from a reputable jeweler. The value is easy:

     Gold per ounce = ,400. There are 31 grams per ounce (Troy), so...
     Gold per gram = .

     24 karat = 100% gold.
     14 karat = 58% gold.
     18 karat = 75% gold.

     Example: You bring in a 14karat gold necklace that weighs 11 grams. How much is it "worth" and how much should you get?

     Worth: 11 grams x gram x 58% = 7

     Get: 7 x 70% = 1

6. QUESTION:
   What is the Best way to Buy and sell Gold fast?
   I just want to know if you can buy gold when it is cheep and then sell it when it is more expensive and make a small profit?

   • ANSWER:
     Yeah, it is always good to buy Gold when the prices are down and sell it when the price go too high. You can do same at your Local Jewelry Shop, you can also find this at Ebay, but the best way to do it is, Buy Gold when the pricing is low, and sell it to direct websites which buy Gold. I did same but not for profit but to get rid of my debts in this time of recession. I had attached the link to my personal blog in the source box. Checkout my experience.

7. QUESTION:
   Where should I sell my gold jewelry?
   I hear that the best places to sell gold jewelry are brokerage firms or estate jewelry houses. Where should I sell my gold to get the best price? And what are any tips for negotiating the best price when I am selling? Thanks.

   • ANSWER:
     It all depends on what you have. If your jewelry is in nice shape and at least 14kt or 18kt gold, many estate jewelry buyers will express interest and pay a bit better.

     If the jewelry is damaged, or common pieces you still see in chain stores, you might as well sell it for gold weight...and in that case watch the gold markets for a nice gold spike because gold is paid on closing price.

     Also, look into some private jewelry stores. Sometimes they do consignment for a percentage and you could maximize your dollar out of that.

     Hope that helps...

8. QUESTION:
   I am looking for your results when working with an online gold buying company?
   I need to sell gold - old jewelry so I am looking for what you sold, how much you got, timing on payment, why you decided to work with the particular gold buyer that you did and if you would work with them again. There are so many gold buying companies out there so any actual experiences would help me decide who to sell my gold to. Thanks!

   • ANSWER:
     This company is very well known for buying gold:

     http://www.shareasale.com/r.cfm?B=185538&U=366479&M=23357

9. QUESTION:
   If I want to sell gold and get the highest profit, who would I sell it to?
   If I buy gold now at 00 per ounce and it's projected to go to 00 per ounce within a year, what is the best way to sell it when it appreciates?

   • ANSWER:
     Gold is much more likely to hit 0 per ounce in the next year than it is to hit 00 per ounce. Just sayin.

10. QUESTION:
    Where can you sell gold without a fee?
    So thinking of investing in gold, the type that I buy and get it directly so that I have no storage fees. So in say 10 years when I unbury this in my backyard where can I sell it? I know all those Cash4Gold rubbish places are not giving you what gold is actually worth. So please site some sources as I've looked a bit on the net and can't seem to find anything concrete. Thanks

    • ANSWER:
      There is not a fee to sell gold or silver back to market. There is only a fee to buy it. You are misunderstanding the spot price of gold and how it works. Unlike stocks, gold and silver have a spot price. The spot price in any given time is the difference between the BID (Selling back to market) price and the ASK (Buying from the market price). So if the Bid price is 00.00 and the Ask price is 02.00 then the spot price is 01.00. The spot price ONLY refers to PAPER gold not PHYSICAL gold and silver. Now in addition to the spot price the PHYSICAL metals market has a premium on the physical metal. These premiums vary as to exactly the type of product being bought. Coins always carry a higher premium then bars. Then you have premium differences for bullion coins and numismatic coins. It is vital to learn and know the differences betewwn these types of coins.

      As to where to sell back to market you can start with KITCO. Here is the link to figure out what each type of product they deal will will pay you if you sell to them. https://online.kitco.com/selltokitco/selltokitco_USD.html
      Other metals sites usually do not provide real time selling back to market pricing. However Monex has real time buying from market prices http://www.monex.com/liveprices so does American Gold Exchange http://www.amergold.com/

      Now you have to learn exactly what products to buy and why to buy them. You need to lean which to avoid and why. Rule of thumb.....If you are in the US then only buy US Gold coins. Avoid coins encased in plastic numismatic graded holders. They are too expensive and are not woth the extra money in most cases. Aviod gold from other countries except fractional gold bullion Maple Leafs from Canada. For Silver avoid pre 1964 silver coins in large amounts. I personally only buy Silver Maple Leaf Bullion coins and Silver American Eagles.

      Learn more by reading the Kitco Forums https://www.kitcomm.com/index.php

      And listen to the following radion show from Patriot Trading Group. http://patriotarchives.blogspot.com/ and read the news on Patriot Trading Groups website here. http://allamericangold.com/index.html

      Also you need to understand that gold is not an investment. Gold is and acts more like an insurance policy. You are insuring that something in your portfolio can never go to [FAQ-ANSWER].00. All paper assets have the ability to go to [FAQ-ANSWER].00. This is what you are insuring against. The only other asset to not go to zero is real estate. But real estate is illiquid. Because of the debt time bomb you better own gold. The best way to own gold is to buy and take physical delivery of the gold itself. Silver is also in the gold realm as well, so when talking about gold, silver is included.

      It is always a good idea to own some gold and silver at all price levels. To truly understand gold and silver, and why you should own it you have to understand the economy and get the movie of life on the largest screen possible.

      Gold is money and a store of value. It is the "Currency of last resort" as Greenspan has stated many times through the years. Gold doesnt pay interest, dividends, doesnt restate earnings, has no lawyers, accountants, CEOs or CFOs lying to you on television. Gold doesnt ask for bailouts, doesnt go Bankrupt and cannot cook its books. Gold cant be debased or printed at the will of a company or governmetnt and holds its purchasing power.

      Gold sits there as a store of value, is labor intensive, and a one ounce coin will not split into a bunch of half ounce coins at the direction of the pin stripped bandits on Wall Street. Also Gold is the ONLY asset class in the last ten years to increase in value and retain every dollar of its purchasing power.

      Do not look at gold in terms of price. Look at prices and money in terms of gold. Paper currency doesnt gain in value, neither does gold. In 1999 when gold was at 0.00 an ounce, a one ounce gold bullion coin bought about 400 gallons of gas. Today with gas prices up and gold at 00.00 an ounce the same one ounce gold coin still buys about the same amount of gas. This is true for food, energy, and other basic items needed for living. The gold didnt gain value at all. It stayed the same. It only takes more paper to buy the same amount of goods and services. If gold were to fall say down to 0 an ounce again then that would mean all prices would fall as well. Do you see gas going back to .00 a gallon anytime soon? Look at gold as a currency and as insurance of buying power and a store of value not as an investment. Therefore dont worry about the price of gold in paper terms. As Alan Greenspan former Chairman of the Federal Reserve said ....

      "In the absence of the gold standard, there is no way to protect savings from confiscation through inflation. There is no safe store of value. If there were, the government would have to make its holding illegal, as was done in the case of gold. If everyone decided, for example, to convert all his bank deposits to silver or copper or any other good, and thereafter declined to accept checks as payment for goods, bank deposits would lose their purchasing power and government-created bank credit would be worthless as a claim on goods. The financial policy of the welfare state requires that there be no way for the owners of wealth to protect themselves.

      This is the shabby secret of the welfare statists' tirades against gold. Deficit spending is simply a scheme for the confiscation of wealth. Gold stands in the way of this insidious process. It stands as a protector of property rights. If one grasps this, one has no difficulty in understanding the statists' antagonism toward the gold standard."

      Any other questions just email me.

11. QUESTION:
    Do I have to file a 1099 form when I sell Gold on eBay in 2011?
    I have sold over 10k of Gold on eBay that was left to me by my father who past 3 years ago. In 2010 eBay/Paypal didn't send you a 1099, now in the 2011 tax year they do. Does this mean they report this $ I made to the Gov. or just that they send me the 1099? Do I have to file a 1099 for Gold sold on eBay/Pal Pal. I am a private person, not a business, & the Gold was inherited. How can I not pay taxes on these transactions or when selling Gold in the future?

    • ANSWER:
      Ebay or Pay Pal did not pay you it was the purchaser that paid. Mr/Ms winning bidder. In 2010 they do not have to send u a 1099, but as it stands now they will need to send you one in 2011. When you get a 1099 the government gets it also.

      As far as your taxes on the sale of gold you inherited it should be reported on schedule D (captial gains and losses), Your cost would be the cost your father originally paid. That would be deducted from your sales prices less expenses (ebay and paypal fees).

      Hope this helps

12. QUESTION:
    How much does 32 grams of gold flake equal when smelted?
    I have seen on ebay people selling gold flakes pretty cheap. And my question is, when the flakes get smelted does the weight of the finished product equal out to be the same weight of the flakes?

    • ANSWER:
      You also need to take into account the carat i.e. the pureness of gold flakes. I believe 24 carat is pure gold and lesser carats will have impurities added. If you are getting 32 grams of gold flake which is pure 24 carat then you have to see if 32 grams include the weight of flake book that is given to keep the flakes. Also, flakes won't have any gold hallmark that you can get on gold bars/ coins etc. and you will have to pay charges on top.

      A simple thing to remember if it is too good to be true then it probably is and all that glitter is not gold.

      hope it helps.

13. QUESTION:
    What drop in value should i expect when selling gold bullion?
    Hi, i am about to buy gold bullion but i want to understand that what should be the price i should expect when selling it back in the market. I understand that it is lower than spot price but how much lower will it be? maybe in percentage.

    Can you also tell me if the difference of price drop while selling a Credit Suisse gold vs. American Eagle gold coin.

    Thankyou

    • ANSWER:
      The typical markup at purchase and fee at sale is 5% to 8% from current spot price for any gold sale, so you should shop around.

14. QUESTION:
    When selling gold, why isn't white gold worth more htan yellow gold since it costs more when buying jewelry?
    When buying jewelry, white gold is higher priced than yellow gold. So, why isn't it worth more when selling it to be melted down into other jewelry? Why do these places that buy gold only look at the karet count of the gold, and not if it is white or yellow gold?

    • ANSWER:
      White gold is actually yellow gold covered in rhodium plating. So it is more expensive to buy because it has a few extra steps along the way. The rhodium gives it the white appeareance. When you sell it back, they are melting it down and separating the metals so they only want to know how much actual gold is in the jewelry (karatage) and they want to separate it from the alloy metals.

15. QUESTION:
    How much should I charge for gold pieces when I go to the Madinat Zayed Gold Market?
    I don't want to be ripped off! Now is a good time to be selling gold--the prices are so high!

    • ANSWER:
      They will buy off you according to the current rate of gold. Check the rates too and go to several before deciding to get the best offer. Just be sure you are not cheated into getting less.

16. QUESTION:
    Is it true when you sell a gold coin or a bar of gold you pay capital gains plus 28% collectible taxes?
    I have been told when you sell collectibles you pay both a capital gains tax and a 28 percent collectibles tax to the IRS. Gold is a collectible metal and coins are also collectible.

    • ANSWER:
      When you sell a collectible such as gold or rare coins for a profit, you generally pay a capital gains tax of 28% on the profit, not a capital gains tax plus and additional 28%.

17. QUESTION:
    Is there a good website to sell gold?
    I want to sell my unwanted gold but all the websites I go to want me to call and verify. When I really just want to put my gold in a envolpe and send it, and get my money the next day. If anyone can help i would really apreciate it

    • ANSWER:
      Prices change, sometimes -/ounce in a day. Of course they want you to verify! They want to see what you have, whether it's really gold, or gold plated tin. After they look it over and decide how much gold is in it, they offer you a price, fair or not. If you accept the price, they mail you a check.

      If they did not do it this way, you might decide the check was not big enough. If they have already melted your gold down, the options are limited. This way if you don't like the offer, they send your stuff back.

      Gold-bug Grandpa

18. QUESTION:
    when discussing selling gold, have you noticed that these guys never give you any eye contact?
    perhaps because they're dishonest and looking people they're buying from in the eye is uncomfortble? I know that the more they get from the seller, the greater the profits. Just wanted to know if others noticed this.

    • ANSWER:

19. QUESTION:
    When is the best time to sell your gold?
    I believe the price for gold goes up and down. Gold is worth more this year then last year. So can anyone predict when is the best time to sell your gold?
    Thanks =]

    • ANSWER:
      my aunties sells it in certain countries, because each country prices for gold is different and really high

20. QUESTION:
    When it comes to pawning gold rings/necklace, how do I know if the pawn shop is making me a decent offer?
    Weight : Dollars ratio
    best places to pawn or sell gold

    • ANSWER:
      Normally between .02 and .15 on the dollar. They know if you are there - you are desperate.

21. QUESTION:
    how do you now if you're getting a good deal when selling gold ?
    I've got a gold chain which I'd like to sell

    • ANSWER:
      There are a number of places where you can sell your gold, so you have a lot of options. This article should help you find the best place for your type of gold: http://www.goldintomoney.com/how-to-sell-online/how-to-sell-gold-and-silver-jewelry-for-maximum-cash

22. QUESTION:
    want to sell personal gold jewellery in dxb , but i do not have the proof of purchase. can i still sell it?
    I remember the month and year and the shop of purchase, but have lost the bill...also when i contacted the shop, he told me that for selling gold for cash, they will deduct Dhs. 12 from the current price and give me cash..is this correct? does anyone know any reliable place in dubai where i can sell my gold...

    • ANSWER:
      Empire Gold pays really good price for gold and Jewelry:

      http://www.shareasale.com/r.cfm?B=185538&U=366479&M=23357

23. QUESTION:
    Wanting to sell gold jewelry, need help?
    I have some old gold jewelry I want to sell, but have no idea how to do this. What companies are reputable? is there a list? What percent of the original purchase price should I expect when selling the jewelry? I'm in the Seattle area, if you have a specific recommendation.

    • ANSWER:
      I sold mine on http://www.mycashforgold.info
      I did a lot of research. I liked that they are a member of the BBB, and I got my money fast. Good Luck!

24. QUESTION:
    To the person on the street corner with the "SELL GOLD HERE!" sign waving at traffic...should I wave back?
    Do you see it as rude or friendly when people wave back? I can see how it could feel like both and, considering that job has to suck, I wouldn't want to be condescending...

    • ANSWER:
      When people wave at me, I wave back.

      Think of how he would feel, waving and smiling at people all day long and no one responds in kind.

25. QUESTION:
    Aside from Jewelry what do you think of when I say "Gold" ?
    Trying to decorate my lobby at work (we buy and sell gold) for a product promotion and i need some new and unique ideas! please help!!!
    Ha Ha.. Christopher the funny thing is that I live in Kentucky and never even thought of fort knox!

    • ANSWER:
      fort knox...

26. QUESTION:
    I want to sell gold jwellery in India..Pls help?
    I see in TV and read newspapers that gold prises have raised. I wish to sell some gold jwellery as I need money but when I go to some shop the shopkeepers say prices of 24 Karat and 22 karat(in which jwellery is made) gold are very less then actual. How can I know what are the actual prices for 22 carat and 24 carat gold and how can I get the actual returns for my jwellery which is hallmarked. Pls help

    • ANSWER:
      You can try visiting this blog to get more information on selling gold. They also provide links to the highest paying gold buyers.

27. QUESTION:
    What good will gold be in a post-apocalypse world?
    Why are they always trying to sell gold to the paranoiacs who listen to right-wing talk radio? There seems to be some attraction in this crowd to the idea of having a hoard of gold when civilization collapses. Well, if civilization collapses, a pile of shiny metal will not mean much. What will matter is food, medicine, communications, and weapons. Gold is not very useful as any of these.

    So why is the bunker-building set so interested in gold?
    @ Stanley: whatever else I may be, I am not diluted.

    • ANSWER:
      For the same reason they think gold is a suitable basis for our currency - they're imbeciles. You can't eat gold, you can't live in gold, you can't run a generator or a car with gold.

28. QUESTION:
    Are you allowed to sell Gold Canyon Candles..?
    Are you allowed to sell Gold Canyon Candles on eBay when you are a GC rep?

    • ANSWER:
      hello....I am sorry to say...You can NOT sell current selling items on ebay. You also can NOT sell any "Out of Season candles on ebay either.If you have "Discontinued" items you can sell them!!!

      There are a few rules you have to go by....There is a manual and says the few no-no's in there...

      These candles are amazing! They will fill your whole home with great scents!

29. QUESTION:
    Could I sell gold/silver shares?
    My aunt gave me this idea. Many of her friends are getting into gold and silver but can't afford it. She mention that I should divide the gold and silver in 1/10-1/100 a ounce sell the rights to people and when we decide an amount to sell weither its a loss or gain I pay them out and charge a fee. If I forum a business can I do this? The gold and silver is at a bank at the time. Any help is great.

    • ANSWER:
      In order to do that, you would first need to obtain a brokerage license, which without considerable financial assets, you would most likely not be granted.

30. QUESTION:
    do you need to pay tax wen buying and selling gold coins?
    I was told that the companies like Monex do not report when you buy/sell gold coins, but do report when you buy gold bullion. Is this legal and is this true?
    To clarify, the point I'm making is that if you purchase coins you do not need to pay capital gains tax if there is a profit whereas on bars you do need to pay capital gains on profits. I was wondering if anyone can verify this.

    • ANSWER:
      You only pay tax if you sell them for more than you paid.

31. QUESTION:
    When selling Gold; does anyone pay for the value of the diamonds/ etc. on top of the gold price?
    I have three rings - two 14k yellow gold with diamond clusters close to 1 karat each. The last one is either white gold or silver with blue topaz - london cut. I know from experience to stay away from the pawn shops/ and so-called gold buyers you see on the street. So my choices for selling are down to just a few reputable dealers.

    All the comments I've read center on the metal BUT what about the stones? They are supposed to be 'precious' and they were a major component of the price paid when originally purchased. Now when you sell the ring, suddenly they have no value whatsoever?? Get real! Am I the only one who thinks the dealers are making 'bank' breaking out the jewels and reselling them??

    If I'm wrong, please educate me. I think the public at large is being ripped off,

    • ANSWER:
      Try to sell it to a jeweler. Even ebay would be better than the cash4gold types.

      Jewelry is sold at incredible markups, far more than the stones and metal are worth. The stones should be worth more than the small amount of gold, so a gold-only offer is a huge ripoff.

32. QUESTION:
    Questions about gold investing. How do I invest in gold? What are the tax and legal implications?
    I recently received an email for a gold investing website. They offer 25% of each commission when someone you refer signs up for an account and give you a free gram of gold for registering. Basically, you post the URL on your site. For example, mine is http://bullionvault.com/from/webpence . They allow you to buy and sell gold in either dollars, pounds, or euros, and you can store your gold in one of their vaults in either London, New York, or Zurich.

    My question is: What if any are the tax and legal implications of buying and selling gold through a site such as this? I also saw a similar arrangement at goldmoney.com and am wondering which site is better. I am hoping someone else out there has any information that might help.

    Other questions: If you buy and sell gold in the UK or Switzerland, do you have to pay capital gains either in the US or the other country? If you could store gold in either the UK or Switzerland, which is better?

    Thanks.

    • ANSWER:
      Well the best way is to trade Commodities. I have an account with www.aarontrade.com and my broker has done well exposing my account to gold and silver. He always gives me a square deal. Below is the Link. Love your profile.That bullion site seems shaddy

33. QUESTION:
    what is the best way of selling gold jewelery ect. that will give me the most profit?
    I learned that when you sell your gold jewelry to a regular jeweler that buys "estate jewelry" that before it comes to the final buyer it will be worth 3 to 6 times the amount I was paid for it. So how do I bypass all of that to get the fair amount and value???

    • ANSWER:
      eBay or Consignment

      ---
      Kasey C, PC guru since Apple II days
      Don't take life too seriously; you won't get out alive.

34. QUESTION:
    When republicans buy Gold because Glenn Beck told them to pray about it then buy it...?
    Should they blame God for not warning them that Goldline sells gold to them for at 15-20% above market rates, or Beck for advertising Goldline?

    Should a man promoting a gold broker be trusted when making claims of the president devaluing currency? Especially when he gets a percentage of the proceeds?

    When did republican commentators replace snake oil salesmen and evangelists?

    • ANSWER:
      anyone who actually agrees with glenn beck is a nut. my boyfriends insane never-married 50 year old uncle who thinks he is Indiana Jones listens to glenn beck. its those types of people.

35. QUESTION:
    Trying to sell gold chain?
    Hi. I'm trying to sell my 24K gold chain, which is about 27grams (about 0.87 troy ounces), as gold but not as accessory. I got it when the gold price was about 0/troy ounce. And as of April 20, it's over 00/troy ounce. So, I'd like to sell it now. I wondered if anyone knows where I can try to sell it and how much it would be. I'm sure that stores wouldn't pay at the exact gold market price, because they would like to take some profit out of it.

    The reason that I'm asking this question is that I brought this chain to the shop where I had purchased it to see how much it would be worth. The market price of this product was about 0 at that time, but the store owner said that she could buy it back at 0. They were trying to make 0 out of it. That's a little too much, I think. Does anyone have an idea? Thanks in advance!

    • ANSWER:
      be fore warned if you take it to a jewelery store or a pawn shop they will pay you as the price of scrap gold not the price wall street posts.

      best to sell it private maybe ebay.

36. QUESTION:
    Cons: Glenn Beck says to buy gold. Dave Ramesy says to sell gold. Which one do you believe and why?
    The battle of the conservative Fox News + talk radio hosts.

    Glenn thinks you should buy gold in case the dollar loses much more value. He also promotes a sponsor who sells gold and allegedly is buying a lot of gold for his family.

    Dave thinks there is no reason to buy gold because it is a crummy investment that over the long haul will hardly keep up with inflation. He recommends you sell your gold now while people are buying it. Dave recommends investing in paid for real estate and growth stock mutual funds because they have far and away better probability of return on investment, when done wisely.

    Who do you believe?

    • ANSWER:
      Gold is at an all time high, you buy when it is low, not high.

37. QUESTION:
    Is it really a good time to sell gold?
    I have a small amount of hallmarked gold jewellery plus some hallmarked silver items that I was left by an elderly relative. I have no use for them, and I need to raise some cash for when my baby is born; I know this relative would approve of this practical approach, but is now really a good time to sell these items? Should I believe those many cash for gold ads on TV? Are they as good a place as any to sell to, or will I get a better deal by going to a pawn-broker or a jewellers?

    • ANSWER:
      I wouldn't sell my gold to those cash-for-gold advertisers. They are in business to make a profit out of you, and give you what they estimate its worth to be (which may be minimal compared with its real value) and if you don't agree, it is virtually impossible to get the gold back. At least if you go to a jeweller or pawnbroker, you can always put it back in your pocket and find a second opinion.

      Have a look at the price scrap gold is fetching on ebay, and also the prices for wearable items similar to yours. You may get even more there. The value of gold is high now, and said to be heading even higher. Don't sell it for too little. And good luck with your imminent new baby.

38. QUESTION:
    WHY do pet shops sell gold fish bowls?
    i cant understand why there not made illigal. i went to my local fisheries and a member of staff was telling someone that they could keep 3 fish i a tiny little bowl, and that theyed be happy and live for years.

    why are fish treated completely different to other animals.
    its common sense that keeping animals in tiny spaces will kill them.
    why cant it be made a legal requirement that when purchessing any animal you need some sort of licence to say you at least know how to look after it.

    n e way back to my original question. i went to the member of staff and said to his customer thea her fish would die after a week and pointed out to her that she wouldnt like to live in a little bowl filled with your own poop.
    simple fact of the matter is they sell more fish if more die.

    am i the only person that gets p****** off with peoples shear ignerance.????
    i am sorry for my spelling. i type fast and dont re read it..

    • ANSWER:
      I totally agree with you, it is ridiculous. It's extreme lack of knowledge on the buyers part and extreme inhumanity on the part of the shop owner. A lot of employees don't know anything about fish and genuinely don't realise the size that fish can get, so I think there should be some sort of exam before they can work in a place like that. After all, they'd never let you keep a rabbit in a hamster cage, as it'd be inhumane.

      Goldfish (and other fish) are so abused, because most people mistake their stress for playfulness and think it's cute.

      Here's a link to a question I asked a couple of weeks ago that relates: http://uk.answers.yahoo.com/question/index;_ylt=AqQMdH60Wpy7sceHaAlnINQhBgx.;_ylv=3?qid=20071228113914AAxB5ML

39. QUESTION:
    Have any of you ever thought about using "my golden envelope" or any of the similar services to sell gold?
    Don't, it's a complete rip-off. My sister had a bunch of scrap 24k gold and I weighed it for her. It came out to over a half ounce, so she bagged it up and sent it on its' way! She got a check for 0! I called the envelope-fairies for her and told them to send the gold back and they made a counter-offer of 0. Why didn't they pay out the 0 to start with? Hmmmmm. Eventually I just had them send the gold back to her because gold is going for over 00/ounce on the market and their best offer was more than 0/ounce lower.
    Beware when you sent them your stuff.

    • ANSWER:
      Yea it s sad how creeps like that work and take advantage of people. The best way is a pawn shop, jewelery store and the like and get several bids. If you can report to Fed and state Attorney Generals. Many don't know and are happy to get that. but glad she had you to look out for her. Even coin shops will buy it and all take a cut maybe 5% to resell it, but not like those crooks. Beautiful avatar, that plastic surgery really does wonders. Take care.

40. QUESTION:
    When should I sell my gold?
    I bought gold about 8 months ago. I was told that gold is a very good investment and that gold prices won't go down.
    Now I really need to sell my gold jewelry, but I was told that the price for it is down and that I will lose nearly half of what I paid.
    Is it true that gold price is down now? If so, when will it go back up again?
    note that I bought the gold jewelry for 00, and it was from Dubai in the middle east.

    • ANSWER:
      No, gold is not down, it is quite high right now. However, jewelry is a horrible way of "investing" in gold, as there is too much overhead, so you very well may not be able to sell it for what you bought it for.

41. QUESTION:
    Ann Diamond encouraging people to sell their gold?
    What do you think of Ann Diamond 's tv advert encouraging people to sell off any old gold they have .Would they not be better trying to sell it privately or hanging on to it. I think this is taking add vantage of people when they are at their lowest I think she should know better.

    • ANSWER:
      She's knowing or unknowingly working for the globalists. Mr .Brown sold off Britain's to them a cut down prices after all.

      http://www.youtube.com/watch?v=oWFhfoAvkmc

42. QUESTION:
    How do companies that sell runescape gold deliver it to your account?
    i want to buy some runescape gold, or maybe items, but i have my doubts. i bought money a couple years ago, when there was no trade limit, but i don't know how they can deliver it to your account.

    • ANSWER:
      They merchant with themselves. Meaning you have to give em your pass.

43. QUESTION:
    Ramadan: Is Selling RuneScape Gold for real cash haram?
    I want a yes or no answer and describing if it is haram or not...
    i don't want you to write you were playing it when you were small
    IDC...
    so is selling RSGP haram?????
    and is opening a service to sell gold? haram?
    please describe why too
    thanks...

    • ANSWER:

44. QUESTION:
    Why don't the banks buy back the gold coins they sell?
    When u go to the banks to purchase gold they fall over each other to attract u. But in times of need when u approach them to sell the gold u bought from them, they point blank refuse to buy the same back, although the cold coins or ingots are in their original so called 'tamper proof' packing.

    • ANSWER:
      One should never buy physical gold from bank or ornaments for INVESTMENT purpose. You can buy it if you like the pleasure of owning gold.

      To invest in gold always use ETF.

      Here are the important reasons

      1.Banks sell gold coins at a premium of 10-20 percent over the gold rate at that time. This premium is taken for giving the guaranty of purity.

      But they will not buy it back, because they do not want to pay you that 10-20 percent premium. So you are forced to sell it elsewhere and lose the premium amount.

      So if you buy gold worth 11500 from a bank. The next day if you sell it to some other source you will get only 10000 rupees.
      2.In case of Gold ETF, if you hold it for more than 1 year it is considered as a long term capital. Any profit you get from selling it will be taxed at 20 percent. But in case of gold bar or coin, you need to hold it for 3 years for it to be considered as a long term asset. If you sell it before that time then you have to pay a income tax at 30 percent on the profit.
      3.But the tax problem does not end here. After 3 year’s you need to pay a wealth tax on gold bar or coin at the rate of 1 percent every year which is not needed in case of gold ETF.
      4.Finally, gold can get stolen. Bank locker or insurance can cost you a tidy sum.

      So in short if you invest in gold then invest in gold ETF not in gold coin or bar.

      One more point here is that gold is a good asset for times of crisis. In good times it is better to invest in share market. You will get far more retuns from it.

      you can check out the investment strategy given in this page.
      http://www.invest-in-shares-in-9minute.com
      This strategy tells about how common investors can invest based on their own judgment spending just 10 minutes a day and get 40 percent annual returns consistently

45. QUESTION:
    Do I have to pay any charges $ when I sell a gold ETF.?

    • ANSWER:
      Yes., depend on your brokerage commission fee, scottrade charge 7$, etrade charge 6.99-12.99, ameritarde charge 9.99

46. QUESTION:
    Wasn't it particularly silly of the Labour government to sell our Gold reserves for a lousy price?
    Gordon Brown and the Labour party used to accuse the Conservative Government of 'selling the family silver' when privatisation measures were introduced. They then enthusiastically started privatisations themselves and rather ironically sold a large part of British gold reserves for rock bottom prices. Now that gold prices are so much higher - don't they look a bit stupid and shortsighted?

    • ANSWER:
      This is just one example of this Government on how to
      waste asserts of the Country .
      1,The billions wasted on computer systems ,Education ,
      NHS,and the extremely expensive PFI[ public finance intuitive contracts ]
      The Labour Government has also taken us to two Wars in 1raq and Afghanistan .
      This Government is only capable of wasting vast sums of
      taxpayers money lies ,SPIN ,and sending our
      armed forces to these conflicts without the proper equipment to die

47. QUESTION:
    How do you know when a album sells Platnum Gold Silver Bronze?
    How many do you have to sell?

    • ANSWER:
      United states
      Albums and Singles
      Gold- 500,000 albums
      Platinum- 1,000,000
      Diamond- 10,000,000

48. QUESTION:
    When it comes to selling used gold jewelry, how much does someone typically get for a ring, bracelet,...?
    necklace, etc. when they sell to one of those companies that buy gold?

    • ANSWER:
      it depends.

      for piece with great value for collection appreciation, used gold items would sell in high price

      if you want to sell at pawn store, they will always priced less than the original price

      try to get help at local jewelry store to see if they recollect gold jewelry or just sell online

49. QUESTION:
    Selling gold to a dealer...how much do you lose?
    Re: a one ounce, pure 24kt gold coin (American Buffalo)..this not only has the gold value, but added value as a coin, and more added value in proof condition. But by the time a dealer gets through with his fees and profit-taking for buying the coin, you end up with LESS than the actual value of the ounce of gold...its selling somebody money at a discount so they can re-sell the same money for a big profit.

    Question: does anybody know the structure of the fees and profit margins involved in a dealer buying gold from a private party? What criteria do they use when giving us a price (always less than the actual value of the gold)? Thanks for any info.

    • ANSWER:
      Coins are only worth slightly more than actual gold because of their production and marketing costs. If the coin is damaged and has no value as a collectors piece, you can sell it to an refiner for gold market prices. http://www.goldintomoney.com for a list of online refiners.

      If the coin still has value as a collector's piece, then I don't know why a dealer would take fees, unless they sell it off. If they're just buying it then it shouldn't cost you anything for that. If you're paying them to flip the coin for you, then I can see why they take a %.

50. QUESTION:
    Selling gold in Toronto-area?
    When I got married, I got gold jewelry from some family members. I don't really like yellow gold so I've never worn any of this. I have no idea what carat any of it is, but its mostly Persian style jewelry. I have a thick necklace and earring set (looks to be 18 to 24k), a thinner necklace of white gold, two rings (one with a very large blue gem, over 2 carats), and a two toned necklace (white/yellow mix). Does anyone know how much these would sell for? Anywhere I can sell them in the GTA (perferably Mississauga or York Region)?

    • ANSWER:
      My Personal recommendation...http://www.internetmarketingmiracle.com/OM/C2M/GoldForCash..

      Checkout the review at my personal blog http://www.lauramoneyblog.blogspot.com/