Willow, AK (PRWEB) April 10, 2012
With economic conditions declining, buying gold and silver items is not an option for most people. It is simply too expensive. Or is it? According to Cheap Gold and Silver's author, Vicki Priebe, it all depends on where the gold and silver items are purchased.
If the gold and silver is bought from a retail jewelry store, then the price will be greater than the precious metal spot price, which is currently high. Gold and silver remains cheap, if they are bought from secondhand places, like garage sales, rummage sales, moving sales, yard sales, estate sales, thrift stores, auctions, and flea markets.
People need to stop throwing their money away when buying gold and silver. With the high spot prices on precious metals, fifty dollars does not buy much gold or silver at a retail jewelry store. However, fifty dollars buys a lot of gold and silver at personal sales and secondhand stores, like thrift stores. This is where the cheap gold and silver abounds and where people can get the most out of their hard-earned money.
Here are a few benefits to buying gold and silver at secondhand physical locations, rather than online:
1) A person has the ability to inspect the item before buying it. This way the item can be searched for purity marks. The buyer doesn't have to rely solely on a seller's description of the used item. After all, the seller may be unaware that the mark is important, so it might be left out of the online description.
2) Items can be purchased for pocket change. If it is sold online, there are fees that prevent the item from selling for two quarters. The seller would not make a profit, but rather they would owe money for the transaction. This isn't worth the seller's effort. However, it is worth the effort if the item is sold during an ongoing sale, like a yard sale. These items are usually thrown out on a table with very cheap prices attached. They would rather make fifty cents, than nothing for an item.
3) People don't have to worry about online fraud. They can use cash, instead of a credit card. Therefore, their credit card information is kept safe. Also, they don't have to worry about a seller mailing them a fake item, while the listing shows the real item's picture. The buyer is holding the actual item to be purchased.
4) Better deals are made in person. When purchasing a bunch of jewelry, a person can ask for a lump sum price. Rather than paying the price for each item. This usually results in a better bargain, per piece, for the buyer.
5) There isn't as much competition for local items. There is a lot more competition when the items are listed online, because the whole world has access to the sale. Less competition usually means better prices for items and better odds to acquire them.
"I am constantly buying gold and silver for less than five dollars from these offline secondhand locations," says Vicki Priebe, author of Cheap Gold and Silver. "Sometimes I'm even given the item for free, because it is broken. Just because it is broken doesn't make it worthless when it is a gold or silver," continues Priebe.
The stories and lessons Ms. Priebe acquired over the years are shared throughout the book, Cheap Gold and Silver. For instance, she purchased an 18 K gold necklace for two dollars at an estate sale. The gold content alone was worth $246. Another time she found a gold whale pendant with a diamond eye that retailed for around $2,000. She paid just five dollars for the whale pendant.
Here are some more examples mentioned in the book. An 18 K gold necklace was bought for fifty cents at a garage sale. It was worth over $240 for the gold content. A Gorham sterling silver fork was purchased on a rainy day for a dollar at a yard sale. The silver content was worth $39.75. One afternoon, a sterling silver bracelet was bought for five dollars at a garage sale. The estimated retail value was $126 for this bracelet. A 14 K gold bracelet was purchased for two dollars at a thrift store. The estimated retail value was over $100. Two dollars was spent on a 14 K gold ring at a thrift store. The estimated retail value of this ring was over $100.
Additional examples, tips and tricks are shared throughout the book, Cheap Gold and Silver: How to find amazing deals on gold and silver. The book teaches people how to find cheap gold, silver and platinum in numerous offline locations. These locations are literally a goldmine, just waiting for someone to stake their claim.
Cheap Gold and Silver by Vicki Priebe
Publication Date: January 7, 2012
Available in eBook format on Amazon, $9.99
Available in eBook format on Barnes and Noble, $9.99
Available in Paperback on Amazon, $14.99
Vicki Priebe @ (907) 495 - 3676