0
You should know the market price of gold for that day.
Wiki User
∙ 14y ago
Add your answer:
Earn +20 pts
How do you calculate the value of your gold before you sell it?
First, you will need to determine the purity. This is usually signified by a "Karat" mark on the gold if it is jewelry. It could be 10k, which is about 35% pure gold, 14k, which is a little over 58% pure, 18k, which is 75% pure, etc. Then... you need to know the weight. Get a postage scale or kitchen scale and that will give you a rough idea. Keep in mind that those scales usually measure in "advorduois" ounces, not "troy" ounces, which is the unit of measurement most know in the precious metals market. There is a live price chart at the Silver and Gold Exchange that will show the value of the various purities of gold in all different units of measurement. If you plan on selling, they will rent you a digital scale if you cannot find a scale.. they do this at no charge. You can find them by doing a Google search for "Silver and Gold Exchange".
If I know the selling price and the margin I want to achieve what formula is used to calculate the price I need to buy the goods at?
Margin = (Selling Price - Cost) / Selling Price
What should I know before I get a 401K?
What happens if you leave the company is one find here here http://www.smartmoney.com/personal-finance/retirement/5-things-you-should-know-about-your-401k-7925/
What should I know before having my mortgage refinanced?
You should know the value of your house. You will have to pay for a assesment of it's worth and if you do not have equity then the refinance will rarely go through but you still need to pay.
What is one tip I should know before applying for a home equity line of credit?
Before applying for a home equity line of credit the one tip you should know is to know your credit score. By kowing your credit score you are able to approach your bank with the information you need to apply for the right program and recieve the right line of credit.
What do you need to know when selling gold jewelry?
Before selling your gold jewelry it is important to check out store ads to see the price at which different retailers are offering the same product. Also, be sure to check out websites that publish their cash gold rates which allows you to compare their price of gold to other sites or stores. You should also know the price of gold for that current day and online you can find great gold reference sites.
What should I know before seeing a gold jewelry buyer?
I would go online to this website to see alist of do's and don't when it comes to selling gold jewelry. http://www.empiregoldbuyers.com/ They have some really good tips.
What should a person be wary of when selling gold coins?
When a person sells gold coins, one should know the price of gold at that time and to see if the value is real or not. One have to ensure that the buyer is asking trusted credentials of their work.
What should I know before buying a used backhoe?
Before buying a used backhoe, or any type of used construction equipment, it's important to know who is selling it and why they are selling it. You also want to know what it was used for, since that will have an impact on how durable it will be in the future.
How many CDs has All We Know Is Falling sold?
It been certified Gold in the US for selling over 500,000 copies, and Gold in the UK for selling 100,000 copies.
Should the e-business division post a disclosure to let its customers know it will be selling information?
Should the e-business division post a disclosure to let its customers know it will be selling information
When buying a gold ring how do you know how pure it is?
Any company selling Jewelry in the US is required by law to engrave the purity of the gold. If you have a magnifying glass, look on the inside shank of the ring and you should see either 10k, 14k, 18k, 22k written on it.
What should you know before you buy from a bullion dealer?
Before buying gold bullion from any dealer, online or locally you should check out their references and check the current market for gold as there's a lot of sharks out there trying to make a quick buck off of simple minded impulsive people.
"I'm thinking of selling gold jewelry that I inerited, is there anywhere I can go to get a better deal than a pawn shop"?
"There are several gold dealers on the internet you could go to to if you're looking into selling gold jewelry. I'd check out Cash 4 Gold. I saw their ad on TV, and they seem legit." "I know you're thinking about selling gold jewelry, but you may want to look outside of gold dealers as well. Diamondring has a good guide on how to sell old jewelry."
Can I Trust Gold Jewelry Buyers?
The moment that people start thinking about selling their gold for cash, one word should come to mind before any other… SCAM! There are a ton of jewelers and phony jewelers out there that are looking to make a quick buck and can’t think of a better way than by scamming you out of your gold and giving you next to nothing for it. We’ve seen on television where people sell their gold at a pawn shop for pennies on the dollar, and we think that it will never be us in that situation. In today’s economy, people are looking to sell anything that they can get cash for just to stay afloat. One of the problems in the gold selling business is that it isn’t just pawnshops that are trying to take advantage, there are a ton of cash-for- gold scams going on in this country as we speak. Even with all of this being said, don’t be scared of selling the gold that you no longer want or need. The fact is that there is a demand for gold and if you have it and don’t want it, you should in fact sell it. Selling gold is no different than going through any other company for buying or selling an item. You want to do your research and you want to make sure that the person or company you are dealing with is reputable. The best way to do this when selling gold is to make sure that the company you are selling to is part of the Better Business Bureau. If you do find out that the company you are selling your gold to is a part of the BBB than you are much more likely to be dealing with a trustworthy and reputable company. This is one of the quickest and easiest tips that you can take when selling your gold. Once you have done your research on the company the last thing you want to do is look up the going rate or market value for gold. By having the market rate handy you will know if you are getting ripped off or not. If the company is underpaying you slightly, it is probably because the market is a little bit lower than you may have expected and this isn’t a big deal. If, however, the price is much lower than market value it is time to walk away from the deal and look elsewhere to sell your gold. The bottom line is that it is OK to sell your gold and there is no reason not to. Like anything else in life, use common sense. Do your research and take time to find out exactly what you should be getting for your gold before you make any rash decisions. I know times are tough but the only way to get out of tough times is by making sound financial decisions. Start by selling your gold only to a company that you have researched and that you trust.
Is Justin bieber's perfume selling in Malaysia yet?
im Australian and i happen to know its not selling here yet. i also hapen to know its not selling in America,UK or Malaysia. so its not on sale yet but later this jue it should be
Can I Exchange Money for gold?
Yes, you can, and should be buying gold. I don't know where you live, but you should locate a local precious metals dealer.
