;)
Selling Your Silver And Gold Investments
Posted by GuestPoster in Personal Finances
You will want to read this article to avoid making mistakes made by amateur precious metals investor. However, if done properly, silver and gold can be an effective means to protect your portfolio against inflation and recession. Let’s take a look at how silver and gold are valued in the market.
Unlike selling gold jewelry, selling your silver and gold bars, bullion and equities is much easier now that most gold and silver are traded in some generally acceptable form. The market value for gold and silver backed equities is calculated daily.
Silver And Gold Backed Securities. Get a quote from any news outlet to find the price of your silver and gold securities. You can also get up to the minute quotes on the value of your silver and gold backed securities. If you decide to sell a gold or silver backed equity, simply place a sell order with your broker in the same manner as you would sell nay other equity or security.
Silver And Gold Bullion. When selling gold and silver bullion, you need to know the “spot” price. The “spot price” is defined as the price that is quoted for immediate (spot) settlement (payment and delivery). Spot settlement is normally one or two business days from trade date. The precious metals dealer will usually quote you silver or gold prices at a certain number of dollars (or a certain percentage) “under spot.”
Junk Silver Coins. Circulated pre 1965 silver United States coins (often called “junk silver”) are approximately 90% silver bullion and are sold at “times face” value. So, a dealer may quote you “10 times face” or “20 times face” per coin. Fortunately, you can research the internet in order to determine if the offer is fair.
Gold and silver coins with numismatic value are calculated differently. Do not use this article as a guide for valuing rare coins that have collectible value. This article only covers silver and gold investing based on the value of the silver or gold itself. The main point to remember is that the gold and silver market is liquid enough now that you should be able to sell your investment quickly and, at a fair price.
;)
;)
;)
