BOSTON (MainStreet) -- Months ago, amid global economic uncertainties, the question asked by all levels of investors was "How do I buy gold?" Now, with prices of the precious metal stabilizing and falling, the question they may start to ask is: "Should I sell it?"With both hard assets and specialized funds to choose from, the answer to the first question was simple enough. When and how to exit that position is the trickier part.
|Many experts are expecting the gold bubble to burst. But knowing exactly when, and how, to sell your investments before that happens isn't always easy.|
- Get at least two or three appraisals to ensure the buyer is offering a fair price for each piece being sold.
- Separate your gold. All gold is not created equal. A 14-karat necklace will not have the same value as an identical piece in 24-karat gold. The higher the karat number, the higher the monetary value.
- Evaluate gems separately. Some jewels are too small and the cost to remove them can exceed their value. But engagement ring diamonds, for example, should be given a value separate from the gold.
- Make a list of items included in the package you mail, keep a copy and put a copy in the envelope. Take a picture of items you send, including any identifying marks.
- Insure your items when shipping them, so you can recover the value if they are lost.
- Read the fine print. Before mailing items, find out what happens if you don't agree with the amount offered by the company, and check the company's policy on lost or stolen items; many limit liability.