ArtsAutosBooksBusinessEducationEntertainmentFamilyFashionFoodGamesGenderHealthHolidaysHomeHubPagesPersonal FinancePetsPoliticsReligionSportsTechnologyTravel

How To Make Money With Gold

Updated on April 22, 2013
Pretty much any type of gold object is worth a lot.
Pretty much any type of gold object is worth a lot.
As you see here the price of gold is going up.
As you see here the price of gold is going up.

The Value Of Gold Is Rising

With today's growing economy or possible debt or anything else related to the economy the value of gold has become a very important part of the economy.

Gold is very valuable, and almost everyone knows it's value.

The US Dollar or currency may not be as valuable later on, but gold sure will.

It is always a good idea to invest in gold because it's almost never a loss.

Currently the value of gold has dropped a bit and is most likely going to raise back soon.

Most people take advantage of this and buy as much gold as they can for a cheap price.

Like I said gold is never going to lose it's value and the more you have it the more you can make off of it when selling.

Silver is also getting expensive, but not as much as gold.

Spending a few hundred or thousand dollars in gold can double your investment later on.

So in this article I will go over the main points on gold investment.

Usually how a bar of gram looks like.
Usually how a bar of gram looks like.

Invest By Weight

Like they say, "the more the merrier." Same goes for gold the more you have it the better.

When you are going to invest in gold invest in it according to the weight of the bar or coin.

See some seller try and trick you by overcharging you for gold and it's not even that much. For example a gram is not worth as much as an ounce an ounce is not worth as much as a kilo etc.

When investing in gold be careful and check how much gold you are getting before you buy it.

Of course this usually isn't a problem but people always run across that one seller who is scamming.

The more you invest in higher weight the more money you will end up making, but at the same time the more you have to pay too.

This all comes down to your budget how much you're willing to spend.

Buying & Selling Gold

Buying gold can be easy, but selling can be tricky. One thing to not do when you are selling gold is sell it at the pawn shop.

They will rip you off and pay you maybe half of what you paid.

Well, I guess it kind of depends on the one you go to some might pay a little more, but most don't.

The best thing to do is sell it to a good jewelry shop or even better sell it online.

Online is where people make the most money, since so many people see what you're selling.

Go to Ebay and either put the gold item on buy it now, or bidding.

Bidding is the way to go if you want the price to go up, because most of the time it does.

When buying gold always buy from a trusted source. Ebay, Amazon etc. are good sites to check, because their policy is strict if something is wrong.

Gold is becoming more and more hot and finding one online is starting to get harder and harder because of all the demand.

So if you see a good piece for a fair and are looking to invest in gold it's a good idea to get it.

Keep It safe

The only main problem to buying and selling gold is to not show it off that much. I mean some people like to brag and stuff that they have gold, but also beware gold is the most sought out thing out there and people will rob you to get it. Be careful how you keep and display gold. Don't show off to much because like I said gold is extremely valuable and people love to take it. Be sure to buy it from a trustworthy source as well don't just buy it from someone on the streets because more likely if it's stolen and you have it your the one getting the heat. Most people keep their gold in safes at the bank I personally think that's a good idea get a little box at the bank and keep it there.

Comments

    0 of 8192 characters used
    Post Comment

    • traderjim profile image

      traderjim 

      5 years ago

      I agree on many of the things you wrote and I've written something interesting too, about this topic.

    working

    This website uses cookies

    As a user in the EEA, your approval is needed on a few things. To provide a better website experience, hubpages.com uses cookies (and other similar technologies) and may collect, process, and share personal data. Please choose which areas of our service you consent to our doing so.

    For more information on managing or withdrawing consents and how we handle data, visit our Privacy Policy at: https://hubpages.com/privacy-policy#gdpr

    Show Details
    Necessary
    HubPages Device IDThis is used to identify particular browsers or devices when the access the service, and is used for security reasons.
    LoginThis is necessary to sign in to the HubPages Service.
    Google RecaptchaThis is used to prevent bots and spam. (Privacy Policy)
    AkismetThis is used to detect comment spam. (Privacy Policy)
    HubPages Google AnalyticsThis is used to provide data on traffic to our website, all personally identifyable data is anonymized. (Privacy Policy)
    HubPages Traffic PixelThis is used to collect data on traffic to articles and other pages on our site. Unless you are signed in to a HubPages account, all personally identifiable information is anonymized.
    Amazon Web ServicesThis is a cloud services platform that we used to host our service. (Privacy Policy)
    CloudflareThis is a cloud CDN service that we use to efficiently deliver files required for our service to operate such as javascript, cascading style sheets, images, and videos. (Privacy Policy)
    Google Hosted LibrariesJavascript software libraries such as jQuery are loaded at endpoints on the googleapis.com or gstatic.com domains, for performance and efficiency reasons. (Privacy Policy)
    Features
    Google Custom SearchThis is feature allows you to search the site. (Privacy Policy)
    Google MapsSome articles have Google Maps embedded in them. (Privacy Policy)
    Google ChartsThis is used to display charts and graphs on articles and the author center. (Privacy Policy)
    Google AdSense Host APIThis service allows you to sign up for or associate a Google AdSense account with HubPages, so that you can earn money from ads on your articles. No data is shared unless you engage with this feature. (Privacy Policy)
    Google YouTubeSome articles have YouTube videos embedded in them. (Privacy Policy)
    VimeoSome articles have Vimeo videos embedded in them. (Privacy Policy)
    PaypalThis is used for a registered author who enrolls in the HubPages Earnings program and requests to be paid via PayPal. No data is shared with Paypal unless you engage with this feature. (Privacy Policy)
    Facebook LoginYou can use this to streamline signing up for, or signing in to your Hubpages account. No data is shared with Facebook unless you engage with this feature. (Privacy Policy)
    MavenThis supports the Maven widget and search functionality. (Privacy Policy)
    Marketing
    Google AdSenseThis is an ad network. (Privacy Policy)
    Google DoubleClickGoogle provides ad serving technology and runs an ad network. (Privacy Policy)
    Index ExchangeThis is an ad network. (Privacy Policy)
    SovrnThis is an ad network. (Privacy Policy)
    Facebook AdsThis is an ad network. (Privacy Policy)
    Amazon Unified Ad MarketplaceThis is an ad network. (Privacy Policy)
    AppNexusThis is an ad network. (Privacy Policy)
    OpenxThis is an ad network. (Privacy Policy)
    Rubicon ProjectThis is an ad network. (Privacy Policy)
    TripleLiftThis is an ad network. (Privacy Policy)
    Say MediaWe partner with Say Media to deliver ad campaigns on our sites. (Privacy Policy)
    Remarketing PixelsWe may use remarketing pixels from advertising networks such as Google AdWords, Bing Ads, and Facebook in order to advertise the HubPages Service to people that have visited our sites.
    Conversion Tracking PixelsWe may use conversion tracking pixels from advertising networks such as Google AdWords, Bing Ads, and Facebook in order to identify when an advertisement has successfully resulted in the desired action, such as signing up for the HubPages Service or publishing an article on the HubPages Service.
    Statistics
    Author Google AnalyticsThis is used to provide traffic data and reports to the authors of articles on the HubPages Service. (Privacy Policy)
    ComscoreComScore is a media measurement and analytics company providing marketing data and analytics to enterprises, media and advertising agencies, and publishers. Non-consent will result in ComScore only processing obfuscated personal data. (Privacy Policy)
    Amazon Tracking PixelSome articles display amazon products as part of the Amazon Affiliate program, this pixel provides traffic statistics for those products (Privacy Policy)