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Setting A Realistic Budget

When I decided to budget a little more carefully, I had no idea how difficult it would be. Fortunately, I was able to talk with a few financial advisors who were able to point me in the right direction. One of the best pieces of advice I received was about setting a realistic budget. I learned how to effectively manage my money, so that I didn't have to worry about paying my bills or letting my accounts overdraft. This blog is designed to help people like me who have previously struggled with money. Check out these articles for financial advice that might help you to set a realistic budget.

Setting A Realistic Budget

3 Things To Consider When Selling Your Gold Pieces

by Leo Austin

You want to unload some golden pieces, and you have decided to sell them. But you also want to make sure that you get the most that you can for your precious pieces. This simple guide will give you a few things to consider regarding gold and the cash you can get from it (from an outlet such as Advance U Cash). 

1. It's In The Gram

The first thing you should know is weight is a factor in how much your gold buyer will offer you for your pieces. You get paid for each gram of gold, which varies for the following two reasons: 

  • The current price of gold.
  • Number of karats of each piece. The karat number represents the amount of gold in your piece versus other mixed-in metals.  

Pay attention to the scale that your buyer uses, as there are a few types that measure gold differently. Just be sure that you are getting paid by the gram; you should see a small 'g' next to the weight total.

2. Divide and Conquer

Be sure to separate all your gold pieces into karat groups to make sure they are weighted correctly. You may find the karat on the gold piece if it's jewelry.The following are the possible karat groups:

  • 22 karat
  • 18 karat
  • 14 karat
  • 12 karat

You may find smaller karat pieces, but that is unlikely, as it is illegal to call 10 karat pieces gold jewelry. You should also be aware that some pieces are measured parts per thousand, which is the European method of measuring gold. The number will be in 3 digits, which you can divide by 1000, then multiply by 24 to get the karat value.

3. Stop, In The Name Of Art

One thing that some sellers might overlook is the artistry behind the piece that you are trying to sell. Some jewelry was made at a certain time in history, which could add historical value. Today's market is also hungry for vintage pieces or pieces designed by a highly sought after artist. Read inscriptions on the piece and research names before selling your piece, or take the piece to be appraised.

One thing to look for is Native American hallmarks because handmade jewelry pieces by native tribes may be very valuable. Look for Hopi or Zuni hallmarks, which could vary; so research some of those symbols to familiarize yourself with them.

Hopefully, these suggestions will help make sure that you get the most from your gold so that you can party or just fatten your wallet.