Top 5 Tips to Selling Your Gold, Silver and Estate Jewelry (TVgold daily)

TVgold daily

With the economy still recovering and precious metals hitting all-time highs, selling unwanted gold, silver and estate jewelry is a very popular way to generate some extra cash right now. Some pawn shops and jewelry stores allow you to borrow against the value of your jewelry. For some, this may be a viable option to a bank loan. But with all the options out there, where should you sell or borrow? Before you decide, know the top 5 tips to selling your gold, silver and estate jewelry.

1. Understand the process. You don't have to know the exact value of the jewelry you are selling, but it's a good idea to have a general and realistic idea of what your piece is worth, and how the transaction will take place. With gold jewelry, for example, an appraiser will quote you a price based on the weight of the gold content-indicated in karats-also taking into account the current market price, and minus a handling fee. Solid gold is 24 karats. Most gold jewelry is less than that because it is mixed with other metals. If it contains precious or semi-precious gems, that should increase the value.
2. Get it appraised in person. There are many online jewelry companies who advertise that they buy and sell online. Some are legitimate, and others are not. They work by having you mail them jewelry you want to sell, they appraise it and mail you back a check. To ensure that you are happy with the appraisal and amount offered, it's best to get your jewelry appraised in person by a reputable appraiser at an established jeweler.
3. Seek out several appraisals. Once you have some jewelry stores or pawn shops in mind, it's smart to shop around and get your jewelry or coins appraised at more than one location. Call ahead and make sure the appraiser is Gemological Institute of America (GIA) educated. The GIA is the industry standard for gem and precious metal appraisals. A GIA-educated appraiser will abide by the strictest industry ethics and methods to ensure that a seller is given the fair market price for the piece being sold.
4. Realize the market fluctuates. The price of gold and silver changes daily based on various factors, including market demand, manufacturing supply and the financial markets. It's important to understand that the price you are quoted for a piece applies to the day that the piece is/was appraised and is/was based on the market value in the industry at that time.
5. On appraisal day. When you get your piece appraised, confirm that the appraiser is GIA-educated and the sell price will be based on the current market value. Don't be afraid to haggle, within reason, and make sure your jewelry or coins never leave your eyesight. A legitimate appraiser will make a point to explain the process, do the appraisal in front of you, and answer any and all questions. Finally, trust your instinct. If you feel comfortable with the appraiser and the price and are ready to sell, go for it. If not, politely decline and say you're going to think about it. Remember, selling your gold, silver or estate jewelry is not just about getting the most money-it's also about the transaction and being happy with the outcome.

When you bring in a piece of jewelry or other item to Empire, that property is appraised by a professional jeweler. If you choose to take a loan out or "pawn it" instead of sell it, the item becomes collateral against the loan, and you receive cash against that collateral.
Empire offers cash at high value for the item, very competitive loan rates, and you will not be put through a credit check. The item is stored our state-of-the-art vault for safe keeping throughout the time of the loan. Above a $250 value, the item is stored securely in a bank vault. Once it is repaid, you'll receive your property back in pristine condition.
For more information on getting a loan on your specific gold, jewelry or other item, go to our selling section.
Have a question for us? Call us today at (516) 520-5252.

Article Source: http://EzineArticles.com/?expert=Mitch_Kushner

How to Play the Current Silver, Gold and Dollar Reversal (TVgold daily)

TVgold daily

This has been an interesting week for traders and investors as precious metals melt down on the back of a rising dollar. Equities on the other hand bucked the trend and moved higher as they get bought into earning season. Once the earnings start to be released we should see the market get sold on the good numbers and retail traders will buy into the good numbers as the smart money selling their shares while there is liquidity in the market.

Speaking of pullbacks, I have been talking about silver and gold forming a top. A couple months ago in November I saw the first warning sign of distribution selling in the precious metals sector. There was a large drop in price with heavy volume which is a warning sign that the BIG MONEY is starting to roll out of that crowded trade (precious metals). The thing with tops is that they take a long time to form and become very choppy.
Since the November highs both silver and gold have more or less traded sideways. They never really went much higher and that's because the big money is distributing their shares to smaller investors slowly overtime (retail buyers/average Joe's). They try not to scare investors off so they sell their positions in chunks. What most people do now is that these sellers want higher highs to forming because once a new high has been created everyone become bullish again buying more on the breakout. It's these waves of bullishness that the big money sells into which is why you see heavy volume after a new high has been formed.
Silver Daily Chart
The silver chart clearly shows the bull market (markup phase) and also the distribution phase taking place now.... If things go according to plan then choppy/lower prices should take place in the coming 1-4 months.
Gold Daily Chart
Gold is doing the same thing as silver and I don't think the selling is over yet.
Dollar Daily Chart
The past 12 months it seems like everything has been a dollar based play. Meaning if you were to pull up a 1 minute chart of the dollar and a 1 minute chart of the SP500 or Gold, you would now that when the dollar moves up stocks and commodities go down and vise-versa. That being said the SP500 has started to move up with the dollar in the past month so there is a shift happening but it's a slow change and is not much of a concern for gold right now.
If the dollar starts another leg higher it will make for good timing as market sentiment is at an extreme and earning season is here. That typically means lower prices in stocks and commodities.
Mid-Week Silver, Gold and Dollar Trading Conclusion:
In short, in the next 1-4 weeks I am bullish on the dollar, and bearish/neutral on stocks and commodities. The reason I'm neutral is because I don't like to short things in a bull market phase as they can keep going up much longer than we think at times. Rather hold my strong positions and wait for a correction to buy/add once I feel the selling momentum has stopped later this year.
I would not be surprised if we get a 4-10% drop in the next few weeks in both stocks and commodities, but until I see a clear roll in price I will not be looking for any trades to the down side. I'm not in a rush to pick a top/short the market but if we get a setup we will take a small position to play a falling market.

http://forexprofitmultiplier.info/

Article Source: http://EzineArticles.com/?expert=Thomas_Winston