Wholesaler Gold: 3 Places To Find It (+ Tips To Get It Cheap)

Those who have been watching the money market and stocks recently all conclude that one of the best places to put your money is in precious metals, such as gold.

In fact, tycoon Donald Trump recently even accepted gold as payment for one of his high-priced New York properties. Market watchers are predicting that gold will soon reach a peak in its market value, which is something that has never happened before.

Note: Did you know you can rollover your IRA to gold? Learn more here.

However, not everyone is prepared to invest in gold with such large sums. But don’t worry because there are ways you can invest with small quantities and still be able to enjoy a return on investment. If you are interested to earn from gold, your next step is to find places where you can buy gold as well as other metals in small quantities.

3 Ways to find gold for pennies on the dollar

The Internet is a treasure chest for finding gold for pennies on the dollar. There are hundreds of sites out there, including auction sites, which sell gold and silver at low rates.

These can be purchased in many forms including bars, flakes, and rounds, as well as plated and scraped metals in a variety of sizes and shapes. Certainly, with precious metals in your possession you’ll be able to get a return on your investments without creating a dent in your pocket.

Here are some of the best places to find gold on the Internet:

#1. Craigslist

Craigslist is one of the most renowned websites in the world, with a site for almost every city, where there are numerous classified ads. Here you’ll be able to contact people selling precious metals in small quantities, as well as see if there are any networking events in your area where people can meet to discuss business opportunities.

It’s recommended to comb through the site a little every day to find the best deals, and keep yourself posted on any relevant events for those who are looking to invest in gold. While people always post their email address on Craigslist ads, it’s easy to click on the “reply” button above every ad to contact the seller and start discussions. Learn the Secret Method of buying gold for 50 cents on the dollar

#2. Auctions

There are numerous auction houses online to find gold for pennies on the dollar. You can purchase gold from collectors and those who may no longer have use for the gold, which can give you a great bargain because they can also be pre-used items that are still in very good condition.

Auction sites also offer gold and other precious metal in a variety of shapes and sizes, and announce the bidding schedule on the internet so you can prepare beforehand. Penny auctions have become one of the most popular ways to purchase precious metals, ever since the value of gold has doubled in recent years. Learn how to win every gold auction, while paying the lowest price

#3. Garage sales

Thrift shops, yard sales, flea markets, and garage sales are a haven for finding gold at a bargain price. It may take a little more time to find gold for pennies on the dollar at garage sales, but it will be worth it when you discover how much money you can save, as well as compare your return on investment.

All you have to do is start networking and attending garage sales, where you may even meet people who are out to find the same things as you. It’s not uncommon to find coins, bracelets, rings, and jewelry which people may no longer have use for, but which you can purchase for a song and invest in.

Remember to approach garage sales with an open mind, a sharp eye, and an inclination to discover as well as some risk. Attend a few garage sales every weekend, or whenever you have spare time, and you may even hit gold, literally. How to check if gold is real at a garage sale

How to test gold to make sure it is real

Before you make a purchase or start investing in gold or other precious metals, it is important that you learn how to test it to make sure what you’re spending on is the real thing. The last thing you want is to get cheated, or try to invest in gold, but later on finding out that it isn’t worth anything.

Here are some useful tips that you can learn to guide you as you set out there in your search for gold:

Visual Markings

Are telltale signs that an item is real gold; because they usually indicate the karat or fineness of the product. To indicate fineness, markings can show a range from 1-999 or 1.999, as well as karats which can range from 10K to 24K. It is also recommended to take a magnifying glass with you as you do your search in order to make the visual investigation much easier as these prints are sometimes extremely small.

It is also good to keep in mind that older products may no longer have these markings visible due to wear and tear, but if you are talking to the item’s previous owner it’s best to ask more questions to verify your purchase.

Discoloration

These days, many products are already gold plated, so the best way to check if it’s real gold is if there is any discoloration around the edges that an item would experience friction on. For example, if you are checking out a bracelet, the edges of certain areas may reveal a color that looks to be another metal. This means that it’s gold plated, and you shouldn’t invest in it.

Magnet Test

The magnet test is a quick and useful way to tell if gold is real, but to do so effectively we recommend using magnets found in women’s purses or special magnets you can buy in hardware stores. Since gold is not a magnetic metal, gold plated metal objects will easily stick to the magnets, making a quick and thorough investigation if it’s real or not.

Nitric Acid Test

If you are making a big investment, one of the last steps you can do to verify the authenticity of your gold is by performing the nitric acid test. But bear in mind that nitric acid may be difficult to acquire and it may also be best to leave this test to a jeweler.

Now you’re ready to begin your search for gold for pennies on the dollar! Click here to find out how this 24 year old kid gets gold for 50 cent on the dollar. Click Here!