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A PLAN TO SELL?
Unlike diamonds,
investments are not forever. They are made to be bought and sold.
There is a season and a time for everything, even a time for selling
gold and silver.
You never have a profit
until you realise it. Until you cash in, it’s all just chin boogie.
Where am I going?
You ought to have a plan to sell your gold and silver. You ought to
have target prices for selling. You ought to have a plan for
physically moving your gold and silver, for packing it up and
shipping it off. If you have a lot of silver, that can be a costly
problem, so we always try to arrange the most economical shipment
for you.
The most frequent
problem I encounter with people who want to sell gold and silver is
they have no idea what they have. They have lost the
original invoice and can’t remember what they bought.
If you have lost your
paperwork, open the bag or box and look at your metals. Determine
what you have. Call us, we’ll be glad to help you.
Then download the
Moneychanger Portfolio Calculator from
www.the-moneychanger.com. Scroll down the home page to the
yellow banner, “Download your free portfolio calculator.” Fill out
the pop-up form, and we’ll e-mail you the Portfolio Calculator (an
Excel spreadsheet). Fill it out, and use it to keep up with the
value of your portfolio. Or at least put it someplace where you can
find it when you get ready to sell.
Another problem we
encounter is that people have not examined and counted their metals
purchases. You ought to count each and every gold coin, and at
least weigh silver coin (a $1,000 face value bag weighs 54.5 pounds
net, a little more with a cloth bag). Forget about sealed bags.
Break the seals and count and examine the contents.
Do yourself a favour.
Make sure you know what sort of gold and silver you have, and make a
plan to sell when the time comes. – F. Sanders
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