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How to Sell Gold

sell-gold
 
There are some things when decluttering your life that you want to get rid of but don’t necessarily want to just throw away. Precious metals and jewelry may be one of those things. But you don’t want to sell your gold without doing your research first. By remembering these key points you’ll know exactly how to sell your gold.

When you know that you want to sell your old gold for cash, it is important that you know the best way to sell it. Selling gold for cash may require a little more thought than you would think. Doing a little research ahead of time and making sure that you know how to sell your gold properly will ensure that you get the best price for your gold.

What Can You Sell?

Gold buying is the process of selling your gold and other precious metals of value for cash. Some people use gold buying services like Check City because they have some old jewelry they would like to get rid of in exchange for cash. But it isn’t just gold that you can sell at places like Check City. There are an array of precious metals that you can sell to us for cash.

  • Necklaces
  • Bracelets
  • Rings
  • Dental gold
  • Pendants
  • Coins
  • Chains
  • Earrings
  • Jewelry
  • Watches
  • Silver
  • Platinum

gold-examples

What Determines the Value of Gold?

Check City, and many places where you can sell gold, uses the daily New York Mercantile Exchange (NYMEX) market value to determine the value of the gold you want to sell on the day you want to sell it. The NYMEX is part of the Chicago Mercantile Exchange & Chicago Board of Trade Group (CME Group). On their website you can see for yourself their projections of gold prices for this year.

However, the best way to determine the exact value of your gold is to bring it into a Check City Store near you to have it evaluated that same day by an expert. The person evaluating your gold’s value will look at the NYMEX gold prices that day, and then weigh your gold on a jeweler’s scale.

How is Gold Weighed?

A jewelers scale is a sensitive scale that can weigh in grams and karats. It is also a highly accurate kind of scale in order to get the most accurate price evaluation for your gold and other precious metals. This scale will measure the gold in a Troy ounce. This means that there will be 31.1 grams for every 1 Troy ounce. When you are working with the company or individual that is buying your gold, it is important that you know how much your gold weighs and how much you are getting paid per unit. Some people may try to measure your gold in one unit and then pay you based off of another. Pay attention while your gold is being measured to ensure that you are getting paid what you should be getting paid.

Make sure that the person buying your gold is measuring for the karat fineness of the alloy. A karat equals 1/24 of pure gold by weight. Measuring the karats of your gold before you try to sell may be beneficial. You want to make sure you are getting accurate karat count and getting paid accordingly. Some jewelers may not pay what they should and understanding the karat count ahead of time will ensure you can recognize this and go elsewhere to sell your gold.

If you are trying to sell more than one type of gold, it is important that you do not let two different karat weights get weighed together. You will want each type of metal weighed on its own to ensure you are getting a higher price for the higher number of karats. Be aware of which pieces have the heavier karat weight as you are going to sell them.

Market Value of Gold

The price of gold is constantly changing, so make sure you know how to get ahold of the current price of gold. Talk with a jeweler to ensure you have the accurate price for your gold, or keep up with the gold price projections from the New York Mercantile Exchange. When you know the accurate price of gold before heading in to sell, you can be sure you don’t end up selling the gold for less than it is worth. If someone quotes you for a price that is less than what you’ve heard, don’t be afraid to speak up and talk to them about prices.
 

Selling Your Gold

Make sure you sell your gold to a person or company that is reputable. You want to be working with a business that is registered with the Better Business Bureau to ensure that any complaints against the company have been resolved properly. Reading through reports on the Better Business Bureau website is a great way to understand the caliber of the company that you are choosing to work with.

Read the Fine Print

Whenever you decide to sell gold it is important that you understand the fine print of any contract that you sign. You should take the time to read through all of the fine print before you sign anything or before you decide to mail your gold in. If you are selling your gold by mailing it in, it is important that you get the package that you are sending insured.

Shop Around for Gold Buyers

Don’t be afraid to shop around. Look to sell your gold to a few different vendors or even a few different individuals. When you can talk with a few different people that are buying gold, you will be able to get a feel for who you really want to be selling your gold to. Don’t be afraid to walk away from the first few people even if you think you will end up walking back into their place of business. Get a feel for a few different buyers and then make your pick.

What You’ll Need to Bring

You have to make sure you bring your I.D. with you when you purchase gold. Every vendor is required to ask for your I.D. before purchasing gold from you. Bring your I.D. the first time around so you don’t have to run home to get your I.D. in order to make the sale official.
 
When it comes time to sell your gold we hope that you decide to visit your closest Check City Location. If you have any questions about selling your gold for cash feel free to leave them in the comments section below.


READ MORE
See a timeline of the US mint.
 
See this comprehensive chart for a thorough history of the price of gold.

An Update on the Current Price of Gold

Last week the gold market took a pretty big hit as gold dropped to below $1400. In our post last week we addressed the media’s role in the price of gold and what you should look for in the gold market in the coming months. The gold market has started to see a comeback this week. With the recent economic uncertainty in Europe, many people are turning to gold as an investment that they believe is going to be safe for many years to come. As people turn to investing in gold, it leaves a great opportunity for gold sellers to make money on the gold that they are selling. When you know that you want to start selling some of your scrap gold, there are some great ways that you can ensure you are getting the best bang for your buck.

First, you should make sure that you are keeping your eye on the market. You want to understand what gold is going for and what type of deal you are getting. Take time to do some research before you head out to sell your gold. It is important that you are not selling your gold to the first bidder, but rather taking your time finding the best location to sell your gold.

How Much is Your Gold Worth?

If you have sold your gold before and you trust a specific gold buyer, it is still important to know what you are talking about and what your gold is worth before you head out to sell. This means you may want to get it appraised. There are some stores that will give you a free appraisal before they sell you the gold. If you can get a free appraisal before you sell, you will be able to compare what you think the gold is worth and what a few different appraisers tell you.

Before you head out to sell your gold, you should be sure that you have the proper paperwork. Many people do not realize that they have to have their government ID with them when they are selling gold. You will want to call the buyer that you are planning to sell to so you can be sure that you have everything that you need before you leave your house.

Get Rid of the Clutter

Selling gold can be a great way to get rid of extra clutter throughout your home and make a profit on it. There are a lot of people that do not realize that the old jewelry and the coins in their home are actually going to be worth something once they are melted down. Going through your jewelry and making sure that you throw away anything that you are not wearing consistently can be a great way to make money.

There are even some people that will take their old jewelry in to sell and then purchase new jewelry with the money that they received from selling their jewelry. If you are eyeing a new piece of jewelry, you may be able to pay for it simply by selling the old jewelry that is collecting dust in the bottom of your jewelry box.

In recent years there have even been some people that have taken a more non-traditional route with the way that they fund the purchase of wedding rings. If you and your fiancée are looking for a way to make your wedding jewelry more affordable, you may want to talk to friends and family about donating the old jewelry that they have laying around the house.

With the contribution of old jewelry, you may be able to have the jewelry of your family and close friends melted down for your rings. You can either use the metal to have a jeweler cast your rings or you can use the money that comes from the metal to purchase your new rings.

Some people have taken the time to start investing their money in gold. If you are interested in investing your money in gold, you should know how you are going to keep your gold safe. Purchasing a safe and keeping the gold locked away is often the best way to ensure that you are going to be able to protect your gold. As you continue to look for quality gold to purchase, you will want to keep your eye on the price of gold that is being sold. You may be able to find that you can make a great profit on the gold that you are purchasing if you sell at the right time.

To find out how much your scrap gold is worth, stop by your nearest Check City Location today!

Need Cash? Just Sell Your Scrap Gold

Do you need some extra cash? Do you have a lot of extra jewelry lying around? Well, there is good news for you. There is a possibility that you could bring that jewelry in to a nearby Check City location and receive cash for it. Yes, you read that right. Cash.

The scrap gold you bring in to Check City can come in many different forms. You can bring in earrings, necklaces, or pendants. You can also bring in rings, dental gold, coins, chains, bracelets, watches, and any other kind of jewelry. The possibilities are truly endless with gold buying. If it has gold in it, we’ll buy it from you.

Chances are that you probably don’t even really want these items anymore. If you have a gold necklace that is just sitting in the bottom of a drawer, why not sell it? If you come into our shop, we can give you an instant appraisal for how much your gold is worth, and you can leave our shop with cash in your hand. If you’ve got a question about whether or not your gold will be worth anything, come into our shop and we’ll be happy to help you out.

If you do know a little bit about your jewelry or other gold items, we can tell you that we accept 10K, 14K, 18K, 22K, or 24K gold. We also accept silver and platinum. When you bring your items into our shop, we will weigh them on a jeweler’s scale. This will help us determine how much your gold is worth. We will then give you the cash amount that your scrap gold is worth.

You may be wondering why you should try to sell your gold in a shop rather than selling it online. There are many reasons to sell your gold in a shop as opposed to online. One major reason why selling your gold in a shop is a safe option is because you can see your buyer face-to-face. In this modern Internet age of buying and selling online, it is extremely easy for people to scam you or cheat you out of your money. You would not want to get cheated out of your precious gold or any money you could receive from that gold. At Check City, we will not cheat you out of the money you deserve. You can look us square in the eye at one of our locations, and know you’re not getting ripped off.

Coming into our location to sell your gold also guarantees that you will get your cash immediately. If you try selling your gold online, you will probably have to wait at least 2 weeks to get your cash in the mail. 2 weeks can seem like a very, very long time when you need cash. Why not just come into a convenient Check City location and sell your gold? You can buy that new outfit you’ve been wanting, or even put more money into your savings account for the new car you need.

Many online buyers will not even look at your gold if it is damaged or tarnished in any form. This can give you the idea that your gold isn’t worth anything if it is damaged. You will be pleased to find out that your gold could still be worth something, even if it is damaged. The only way to find out is to come into one of convenient locations and talk to one of our specialists. Give your gold a chance; bring it in and we’ll see how we can help you.

Gold prices are at record highs, so it’s important to find your jewelry and start planning on selling it now.
Some people may think that holding on to their gold is the best option, because they think it could possibly increase in value over the years. Our economy is quite turbulent, however, so there is no way to guarantee that the price of gold will increase over the next couple of years. It is a good idea to sell your gold now, while you can be assured the prices are high.

If you’re wondering if you even live near a Check City location, chances are that you do. Go to our website, www.checkcity.com, to check out the many locations we currently have. Check City is currently location in Utah, Nevada, Colorado, and even Virginia. If you live in one of these places, come sell your gold to us. We promise you won’t regret it.

Will The Price of Gold Continue to Rise in 2013?

With as high as gold prices got in 2012, most experts say that it could have gone higher. In this post we’ll cover a more in depth look at the gold market and what the experts are projecting will happen to the price of gold in 2013. Most people don’t realize everything that plays a role in Gold prices going up and down on a daily basis, but as we’ll cover in this post, it truly is a global market. If you’re more interested in just selling scrap gold for some extra money, the nice thing is you don’t have to worry about any of this, all you need to do is take your scrap gold or other precious metals into your local Check City location to get top dollar.

Will The Price of Gold Continue to Rise in 2013?

With all of the financial uncertainties in the world today, gold has been a constant that investors have been able to turn to in the past couple years. But with the price of gold not going over $2000.00 like most people thought it would in 2012, most people are wondering how much growth the gold market has left for 2013.

Whenever you discuss gold it’s important to keep in mind that gold is a global market. While most people think that the western nations are what drive the price of gold, emerging markets play a huge role in the price of gold, for example China and India actually make up 50% of the market.
On that note, specialists are saying that 2012 was a very good year to illustrate why gold is a very global market. There are multiple factors that influence gold prices so if you look at 2012 on the one hand you have emerging markets, central banks purchasing in a very strong way you also have inflows into gold backed ETF’s as investors were positions for quantity.

In India, 2012 was a softer year in terms of demand, never the less, Indians spent more money in rupee terms in 2012 than they did in 2011. In China the demand was more or less flat in terms of volume however again in money terms it was actually higher this basically means that the overall dynamics in the gold market still seem to be very healthy.

In Regards to Inflation Risk

With the election out of the way and people trying to get focused on the next few years, the economy in the west is looking slightly better, especially in the US. Specialists say that while it’s not as bad as it was a couple years ago there are still structural issues that are adding to economic issues, that is especially true in Europe and Japan and so on. We haven’t seen direct signs right now but that’s not to say that all of the monetary policies and aggressive monetary policies that have happened are not going to be able to turn around.

In regards to the economy driving the value of gold some people have said that the dollar is still the best house in the neighborhood and that it still hasn’t collapsed so nothing is wrong and that gold hasn’t gone anywhere in the last year and a half. On that note, gold was up 6% on average in 2012, which isn’t great considering that every single pundit said it was going to be above $2000 in 2012. Based on every central bank in the world printing more money it should have been a slam dunk to get above $2000 but the charts definitely tells a different story as gold went straight down and is in the low $1600.00’s.

Many people want to know if gold will even make it above $1800.00 this year and the thing to keep in mind is that supply and demand is really what drives the value of gold. A lot of people think that the whole value of gold is depending on people investing their money in the west but that’s only part of the story because it relies so heavily on what is happening in India and China and if you only concentrate on what happens in the west it can be difficult.

Regardless of what all the experts say, if you’re looking to sell some of your scrap gold and get some extra money to pay the bills, make some home improvements or take a family vacation Check City is always there to offer top dollar for your scrap gold and other precious metals.

9 Tips to Help You Save Money

It is always important to be fiscally responsible with your money. To achieve good finances you’ll need to develop strategies to keep your finances in good order. By making plans and following great monetary advice, you can save money in the long term. No matter where you are in life, saving money is always a good idea. Saving can help you get out of debt, it can help you afford the things you need and want, and it can keep you financially safe and secure in the future.

The good news is that no matter what your income level is, you can start developing fiscally responsible strategies today and start to save money right now!

Become Financially Self-Aware

money concious

The first strategy to save money is to be conscious of your money. As children, money was magic. What little money you have as a child is easy to keep track of. You know the color of every penny and carefully considered each purchase. As adults, with direct-deposit and debit/credit cards, money can be easier to spend. So, the first step is to regain your fiscal intelligence, to regain that physical connection to your money.

Too many people lose track of their spending as invisible digital money goes off in all directions. This leads to overspending and straying outside of your budget. To become self-aware of your spending, try using cash for a while. Paying with cash can help you gain back that physical relationship with your funds. By doing this, you will see the physical money leaving your pocket and be able to visualize your transactions much easier.

Be Honest & Fearless

honesty

Learn that every dollar you spend is either for a need or want and learn to honestly and fearlessly distinguish between the two. For instance, a mortgage, rent, car payments, and utilities are needs. These are the bills you need to pay no matter what. A trip to the movies is a want or a luxury purchase. Going to the movies is fun to do, but not a necessity. There are a lot of luxury purchases that could be overtaking your budget. Like an addiction to buying shoes or going on too many vacations during the year.

Take a look at what you normally buy. Do shoes take precedence over some of your needs? If so, then switch your priorities to keep your money going toward the necessities in life. You can then budget for wants as you build your savings. Sometimes cutting out wants from our budget can be scary, or even take a brave amount of honesty on your part. But if it helps you save for the future and reach your financial goals, then being honest with yourself is worthwhile.

It’s Time to Budget

budget

As you are becoming conscious of your money, your expenses, your wants, and your needs, it’s important to take a detailed look at your budget. Take a look at all of your spending and see where you can cut unnecessary expenses. Create a budget that tells you how much you can spend on both needs and wants every week or month. If you don’t know how to create a budget, research and seek professional help.

A lot of people cringe at the mention of creating a budget. But don’t think of a budget as something that will tell you how much you can’t spend, instead, turn it around and think of your budget as something to tell you how much you can spend. Making a budget doesn’t have to be a bummer, and it doesn’t have to take too much time. In fact, you can make a budget in just 4 easy steps.

Choose Free Activities

free activities

Now that you’ve taken a long hard look at your spending and created a budget you might not have enough money in the budget for fun activities. Even if you have to retrench financially, there are plenty of ways to add a little spice to your life that costs little to nothing. For example, you can go on a hike, take a stroll through the park, read a book, and hang out with friends. Instead of going out with your friends you can stay in with your friends and play board and card games for free! With a little creativity, you can find great activities that stick to your budget and help you save money.

Focus

focus

As you work to stay conscious, keep your focus on the big picture. If you need to fix your car, focus on the car repairs and cut expenses by eating home-cooked meals, and not going out. Being fiscally responsible is all about making and prioritizing choices. If you get bogged down with the small stuff, such as eating out or shopping every day, it can be easy to blow through your essential funds. Our finances have goals just like our lives have goals. But having too many financial goals at one time can be detrimental to achieving your goals. So keep your focus on one goal at a time and you’ll be more likely to find success in attaining them.

Friendly Motivation

budget with friends

It is always easier to budget when your friends and family are budgeting with you and helping you stay on track. Any goal is easier to accomplish with support. You also need to involve your friends in budgeting because sometimes we spend the most money when we’re out with friends. Being with friends is about spending time together, not about how much money you spend with them. Make socializing together a priority over spending too much. If your friends want to do expensive activities, don’t be afraid to hold out for an activity that fits your budget. If they are your friends, they’ll be willing to do less expensive activities to hang out with you.

Cut Recurring Expenses

subscriptions

There are a lot of recurring payments nowadays, especially with all the subscriptions now available. There are cable bills, cell-phone bills, gym memberships, music streaming memberships, shopping memberships at places like Costco or Amazon, and streaming subscriptions like Netflix, Hulu, and Disney plus. All of these little monthly payments can really add up. Make a list of all your monthly payments and subscriptions and try and cut out what you can. If you decide to keep cable, you might not need all of the premium channels. You might even realize you have a subscription you aren’t using that you can get rid of. Take a look at what plans you have and consider downgrading to save money! You might be surprised by how much you can save by getting rid of even small monthly bills.

Open a Savings Account

savings account

When you have a savings account, most banks will allow you to set up a percentage of your paycheck toward your savings account. As you set your account to direct deposit, delegate a certain percentage of each check to be deposited into your savings account. If you set this up as a constant, automatic payment you won’t miss the money. You’ll be surprised how fast your savings will grow.

One great recourse and tip for anyone’s finances is to have an emergency savings fund of cash available for use on a rainy day. It is always important to keep extra money for emergencies! By adding this to your budget, you won’t take a major hit during an emergency, because you have already budgeted for this.

If you learn to be mindful of your money, you won’t feel the pain of a budget. Let your new-found consciousness and confidence keep you on the path toward fiscal responsibility. Follow these steps and start to save money today!


4 Great Investment Options

It can be scary and confusing when trying to find the right investment. Although you cannot let fear govern your financial choices, you should be very educated when investing your money.

There are many different investment options that are available. Some are safe investment options, and some are high risk options. Although you may hear great success stories you may also hear some horror stories. It is important to study and educate yourself on investing and the different types of investment options. There are countless investment options. Here are a few examples:

Gold

Gold is a very popular investment. When you invest in gold, it is safe to say your investment will not depreciate significantly over the years. Many people feel that they can invest in gold and be sure they won’t lose their money if a financial disaster occurs.

If you have gold jewelry you want to sell, stop by Check City and walk out with cash.

Real Estate Investment

Real estate can be a great investment option. Talk with a professional and educate yourself when finding a real estate investment. There are many different types of real estate investments. From buying a rental apartment to developing a commercial piece.

Commodities

Resources like crops, fossil fuels, precious metals, and livestock are commodities. The commodity market can be very high risk because unpredictable things like natural disasters and world events have a direct impact on prices.

Stocks and Bonds

If invested correctly, stocks and bonds can be great investment options. If you are not familiar with these investments, contact a professional and receive advice before investing. It is important to educate yourself and study the markets before investing. If properly invested, Stocks and Bonds can be low risk investments.

Finding a 100% guaranteed safe investment is a daydream. Nothing is ever sure and nothing is ever certain. The best thing you can do when looking for safe low risk investments is to do your research and always make sure your eggs are in more than one basket. Study up and get to know all the ins and outs of the investments you are interested in.

Turn Your Clutter Into Cash

Cleaning Out Your Home for Cash

Can’t stand your messy house? Too much clutter in every corner? Why not try cleaning out your home for cash? What’s that? You didn’t know you could turn you clutter into cash? You know what they say, “one man’s junk, is another man’s treasure.” It is often hard to find money around your house, but selling your items for cash is a great way to get some extra money.

Taking the time necessary to find ways you can turn your clutter cash may give you the motivation you need to get moving on cleaning, de-cluttering, and organizing your house. There are three great steps to turn clutter into cash. But before you can actually make some cash, follow these 3 great steps:

1. Cleaning

If you start the de-cluttering process with a messy house then you are going to miss things, it will not be well-organized, and you will end up making your house even more of a mess before the day (or week) is done. Start the process by going through each room in your house and giving it a good clean. Pick up the toys, wash the tub, vacuum each room, put everything in its place; it might even help to take the time to dust. Now that your house is as clean as it gets on a normal basis you are ready to dive into the nitty gritty. Clean your junk drawers, sort through the unusable pieces of yarn, clean up old-unused toys, organize your life, and get some cash while you are at it.

2. De-Cluttering

The next step of your clutter for cash process is to de-clutter. Like many people you may have a tendency to keep and hold onto worthless things, or things that are of no use to you. Here is a good rule of thumb to use when de-cluttering, with each and every item you should ask yourself, “do I need this?” “have I used this in the last year?” “have I used this in the last few months?” These questions work very well, and help put in great perspective when selling items for cash.

3. Organizing

The last step before trading your items in for cash is to organize. Organizing is an important step because you don’t want to end up putting de-cluttered items back into your drawers, closets, etc. Make some piles; a pile of items you are going to keep, a pile of items that needs to be thrown away (paper, yarn, etc.), and a pile of items you are going to turn clutter into cash.

While you are cleaning, de-cluttering, and organizing you should make sure you know what your options are for selling the items that you don’t want in your home anymore. Some things will be too far gone to sell and make money from, but some things may fetch a good price. Here are some of the ways you can make a pretty penny from the stuff in your home:

eBay

Take what you have collected and list it for sale on eBay. This bidding website will ensure that you are getting the best price for your items that you are selling. Make sure you take quality pictures of the items you are selling and make sure the product description is accurate.

Local Websites

There are also local websites that you can sell your items on. Take time to find local classifieds where you can list your items. This can be a great option, because you won’t have to ship the item.

Check City

If you need to get rid of old jewelry or any type of precious metal, stop by any Check City location, so you can be sure that you are able to get the best price for your precious metal. We will have you in and out of the store in no time and you will have the cash that you deserve when you leave our store.

Consignment

A consignment store may also be a great place for selling many different items. Talking with local store owners about what they are looking can be a great way to find someone that will provide you with the best possible price for your clutter.

Social Media

Social Media is a great tool for anything you need sold. When you share your items on your page, it is guaranteed people will see and tell their friends! Social Media is becoming very popular with this, and it is very successful.

We hope you have enjoyed our tips on turning clutter into cash. Thanks for reading!

Investing in Precious Metals

On January 24th, 1848 a man by the name of James W. Marshall found America’s first gold in Coloma, California. Since then, precious metals like gold, silver, bronze, copper and more have become a worldwide symbol of currency. Even in today’s modern society, these precious metals have withstood the tests of time and still hold value and currency. Precious metals are so valuable because of the way that we use them on an ongoing basis. We use these metals in everything from circuitry to building materials. As technology continues to progress and define our lives, so does the resources which are required in order to create it. But when it comes time to investing in precious metals, how do you know which precious metal to choose? And how does the investment process work?

Many ask the questions, “Is gold a good investment? Is silver a good investment?” Below is a list of four precious metals and why people consider beginning a lifelong investment in these twinkling treasures.

Gold

If there were ever a pecking order in the precious metal chain, gold would be at the top of the list. Known for its durability, malleability, and ability to conduct both heat and electricity, gold is one of the most sought after metals in the industry and here is why:

  1. In the event of a political or economic crisis or instability, gold is a valuable resource because of its “store of value” or a valuable asset that can be stored and retrieved over time. Furthermore, the price of gold is less susceptible to fluctuating supply and demand laws.
  2. Investments in gold typically maintain their value and don’t fall subject to the backlash of market fluctuation.
  3. Gold holds high stakes when it comes to trading and utilizing precious metals as a form of money. In the event of war or political/economic crisis, gold is a reliable form of payment for things like food, shelter, transportation and more.

Silver

Like gold, silver is considered one of the most precious metals on the market and is traded and treasured as such. Unlike gold, however, the price of silver fluctuates with industrial supply and demand laws. But it remains incredibly sought after by investors because:

  1. Silver is incredibly valuable in markets and can be traded or sold for its worth. Especially with photography on the rise and new products hitting the market like the digital cameras and high-capacity batteries, silver is becoming more desired than in years past. It is also a crucial commodity for highly demanded products like medical inventions (prosthetic limbs, tools, etc.) electrical appliances, bearings, solder and much more.
  2. For the last three decades, the price of silver has fluctuated greatly – and not for the better. However, some economists today claim the metal is currently priced higher than it’s been in the past 30 years. These professionals further claim the prices aren’t likely to rise much higher.
  3. There are several different ways to invest in silver. Research and contact a professional to find the best recommended method for you.

Platinum

Like silver and gold, platinum is bought and sold on commodity markets across the globe. However, when the market price on gold and silver decline, platinum typically yields a higher profit. Why? Platinum is one of the rarest metals of the precious group.

  1. Similar to the industrial uses of silver, platinum has a high market demand. Between automotive catalysts, jewelry, petroleum, chemical refining catalysts and the computer industry, the need for platinum covers a wide platform of market bases, making the metal more of a necessity than a desire.
  2. The price of petroleum also depends largely on the sales and production of cars in the automobile industry. A rising demand for eco-friendly vehicles has required automakers worldwide to install catalytic converters – a component made solely from platinum or palladium. With the evolution of car production comes an even greater demand for platinum, the princess of precious metals.

Copper

As one of the most versatile metals on the market, the demand for copper is always high. Investing in copper is a good idea because:

  1. The list of copper uses is extensive; electrical wiring, car batteries, microchip circuitry, piping, roof flashing, gutters, brass instruments, solar power cells and, to add to the list, copper is malleable with other metals that can fuse to create alloys like bronze and pewter.
  2. Because copper is used across industries worldwide, the demand for this reddish metal has surpassed that of its precious predecessors. Capitalizing on copper, whose value has and is predicted to increase, is a consideration for anyone looking to invest in precious metals.
  3. Because the worldwide production of copper is declining, the value of this precious commodity has greatly increased. It could possibly be a good investment because there is no new supply source that will potentially boost production and make it more attainable, nor is there a reliable replacement material that could take the place of copper. Even though it may not be a headliner of the precious metals, copper can surprisingly be one of the most dependable resources in which to invest.

It is important to take great caution when investing in precious metals. Talk to a professional before you invest and make sure it is right for you! Remember to ALWAYS do a lot of research before investing. It is important to have a diversified portfolio in any setting. Spread your investments around so that you can capitalize on several different opportunities, instead of going all on one particular investment. When it all comes down to it, you want to be able to supplement your income with wise and practical decisions which will offer a good payout for you.

Why Does Gold Retain Its Value?

Since we at Check City are obviously big fans of buying gold and investing in it, it is worth explaining why this resource is so valuable and why it retains it so well.

Gold is a tangible asset. It exists in the physical world and there is a finite amount of it. Gold has been the standard of currency for many years, and it still is able to be such a backbone today. Having investments in something physical is especially important in today’s world. So much of our economic system is computer based that having something tangible is essential.

Much of the investment process involves investing in ideas, companies, stocks, and futures. While these are all important to having a workable portfolio, the fact of the matter is that all of these things exist only as information being passed from machine to machine. As such, they are vulnerable, especially when these machines have quirks or issues.

Gold is different because it is there and it is a secured resource. there will always be a need for gold, and more and more of it is being bought every day. Gold is also used for a lot of technological manufacturing, making for quality pieces which work better. Gold is also obviously used in a decorative fashion, as it has been famously utilized for many centuries.

The history backing gold is strong and goes back many many years, and will always be in demand as a universal assert which can be traded for and brokered. As such, it is a good investment to make in the stock market. While the market will fluctuate and make the relative value of the investment jump around at times, the fact of the matter is that this is an essential resources, and as such will always retain value.

Making Ends Meet at the End of the Month

When the end of the month rolls around, and you know that you are going to be getting paid soon, it can be hard to make ends meet. Scrimping to make it through these last few days before your paycheck can be hard, but it is often necessary.  When you do not have any money, you should be sure that you know how you can survive until you get paid again.

 

First, be sure that you are not making plans to go out and spend money with friends.  You do not want to put someone in the awkward position of having to pay for you and you do not want to be tempted to spend money that you do not have.  If you are going to go out with friends, make sure that you have a plan to minimize the amount of money that you are going to spend.

 

Second, you should make sure that you are going to be wise about what you are eating.  Use the food in your cupboard to make creative meals throughout the time that you are scrimping and saving.  You want to make sure that you are not spending money eating out, when you have food at home that will keep you sustained and healthy until you are going to get paid again.

 

Third, when you get paid you should be sure that you are paying all of your bills first.  When you pay your bills you can be sure that you are not in a dire situation if you do not have any money at the end of the month. If you have not planned out your finances well, you may find that you need a fast way to get cash. When you need cash fast, you may want to consider coming into Check City to sell any scrap gold that you have lying around.  The old coins in the back of your closet or even that necklace that you do not wear anymore can turn into the cash that you need to make it through to your next paycheck.  Stop by a convenient Check City location to sell your gold for cash when you need an extra boost at the end of the month.

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