There’s a huge market for gold right now. It’s something that always manages to hold a high value while fluctuating enough to make it worth trading. Of course, it’s also nice to wear. From tiaras to toe rings, and everything you wear in between, gold makes for great jewelry. It looks great and compliments virtually any other jewel you decide to set in it. These are reasons why buying gold wholesale is such a great thing. It gives you the chance to turn it over for a profit, or just wear it for cheap.
You shouldn’t rush into a wholesale gold purchase. Even more than other things, you are going to want to ask a lot of questions to be sure you are getting a good deal and a good product. Before you even begin your quest to buy, you should know what the important questions you’ll need to ask are.
Question number one is something you’ll ask the wholesaler. It’s whether or not they are a legitimate dealer. You won’t come right out and ask this, though you could if you really feel like being straight forward. Most people prefer more of a roundabout way of doing this. Asking direct questions about their business can work, and asking questions to yourself such as “Do they require my tax number?” is the way to go. If they don’t want that information, incidentally, they aren’t legit.
The second thing you’ll want to ask is whether or not you’re buying good quality gold. Frankly you want to make sure you’re buying good gold in the first place. Gold is something that will most always leave a paper trail, meaning you can easily discover where it’s from. There will also be information from appraisers, depending on the state of the gold you are buying and where you are buying it from.
Once you’re satisfied you are buying good gold from a good dealer, take things a step further in terms of negotiations. No one offers their best price up front, but everyone wants to make a sale. Because of this you should ask for further price breaks, and don’t be afraid to be direct about this. Wholesale prices aren’t the lowest prices; things always go lower. You may, for instance, be able to negotiate a better deal for a large quantity buy.
Asking the current market price for gold is also a big deal. You won’t ask this of the dealer, though. That will do nothing but show that you’re a novice at this, and you’ll hardly expect an honest answer from a guy trying to make a sale. You can easily get the answer to this question by doing a bit of research on websites related to the gold market.
Buying gold wholesale won’t be a difficult process if you remember to inquire about these things, and follow through with understanding the answers you get. Once you’ve made your purchase, keep track of all the documentation surrounding it. This will be useful later on should you turn around and sell it to others.