Gold bullion is graded as an investment package in gold in rounds or in bars. Some have designs and look similarly like coins. It is not used as money but it has value equivalent to the money. Jewelries and others made of gold is not gold bullion. Bullion can be purchase in different weights and sizes and the most karats used in gold bullion are 22 to 24 karats. The authenticity of karats used, like in jewelries, is guaranteed through stamps which indicate the manufacturer and number of karats used.
Gold is one such commodity that is preferred by almost everyone. Since years it is seen as the most sought item especially for the females. With the advent of internet now the craze of gold is even more as now people can buy online gold jewelry.
Become friends with the world Wide Web (www) it can help you. You are dealing with items of great value, so being careful should be on top of your list.
There is another issue driving gold and silver prices right now that many are not aware of: gold and silver are in high demand by nation states. This is a game changer. The CPM Gold Yearbook reports the aggregate total of the number of ounces of precious metals bought or sold by nations worldwide. Since the early eighties governments have been selling. In 2008 it was predicted that 5 million ounces would be sold in 2009. The 2010 CPM Gold Yearbook shows a net purchase of 15 million ounces. This is an indication that governments worldwide are starting to distrust the value of the American dollar. And this doesn’t include some countries such as Iran and China who don’t report their actions but who are rumoured to be buying large quantities.
If you have good knowledge about the price fluctuations of a particular commodity, you have a good chance of making a profit. If you are sure that gold prices will go down in the next three months, you can buy a put option that allows you to continue selling gold in the future, but at the gold price today. If the gold price goes down, you can sell your option at a profit, because whoever owns the option can buy gold at the market price and sell it at the higher price specified in the put option.
How unwanted the piece is or how unused is up to you to determine. You can find gold to sell for scrap from bent, broken or unused jewelry, earrings, necklaces, pendants, antique jewelry, estate jewelry, Swiss watches, class rings, brooches or pins, dental gold, dental crowns, collectibles and coins.
5)Steer clear of fool’s gold. Fools gold is terminology used by many to describe the gold ETFs (Exchange Traded Funds). GLD is one such fund that can be invested in through your broker. The problem with these ETFs is that you do not physically own the gold your are investing in. The ETFs are derivatives so you are only getting exposure to the price of gold. The GLD is widely thought to not have the gold that they claim they have because they will not allow a third party audit of the stored gold.