9 Tips To Find The Best Gold Dealer
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Consumers are often tricked into buying gold at a rate which is many times higher than their fair market value. In order to find a genuine Gold Dealer, one has to keep many factors in mind.
Listed below are few tips to find the best gold dealer
The Price Charged
The price charged should be according to the prevailing market prices. Efforts must be made to make sure the gold products offered are superior in quality when offered at discounted prices. If you are buying it from an online dealer, go through the customer testimonials furnished in the website. One should approach the physical stores with references from friends, relatives and so on.
Purchasing And Selling Policies Adhered To
Make sure the dealer adheres to strict buying and selling procedures. Ideally, the well-known and reputed dealers refrain from selling or buying off quality products. Purchases are made only for highest quality precious metals. Before the purchases are made, their skilled team of professionals inspects each and every piece. It is ensured the gold products in question satisfy their strict buying standards. When it is far beyond standards, the same is either melted or returned. All such products are offered to the consumers at very competitive prices.
Mode Of Operation
Unlike the shoddy dealers, the well reputed and genuine dealers operate in a 24*7 format. This means when other companies are closed you can still buy or sell to them as they entertain taking orders.
Consistency In Prices And Services
Competent and trustworthy dealers are consistent in their low pricing. Likewise, they maintain a good collection of most popular brands so that their customers do not return empty-handed. Instead of relying on price quoted by a single dealer, few more dealers should be approached. Quotes collected from all of them should be compared. The one with least pricing with superior quality products should be given preference.
Pre-judge Their Reliability
Good and shrewd professional dealers resort to good business practice. They are efficient and prompt in processing orders, package it securely, deliver it safely and keep their promise.
Reputation And Goodwill Enjoyed
This kind of business is more of a repeat business. Most of such business is based on referrals received from satisfied customers. If the dealer enjoys a good market reputation and goodwill, it will do very little advertising. Instead, it gets its repeat customers from friends, business associates and family members of their satisfied customers.
Possession Of Membership Of Regulatory Bodies
Well recognised and dealers of international reputation are often active member of regulatory bodies such as Industry Council on Tangible Assets (ICTA) or The American Numismatic Association. Both these organizations help in protecting the rights and serve members of this profession.
Do Some of Homework
Before approaching such dealers, get it assessed by a jeweller first. One needs to be very sure that the piece he/she intends to sell is made of a particular material. It may be noted – there are several ‘plated’ pieces in the market and they are not accepted for sale. It’s prudent to have a prior know-how what the piece is actually made of before you decide to walk the door. This way you can also be sure to get a fair price of the piece.
Brick And Mortar Or Online Dealers
It is a wise move to sell jewellery items to dealers that operate from a brick and mortar premise. Though online dealers sound convenient but it can invite troubles as well. Payments can be misdirected or items might get lost in the mail. By opting for a brick and mortal dealer, you reduce this risk.
Category: Investment Planning
