Thursday, October 22, 2015

How to Make Money Selling Collectibles


Collectibles are most commonly referred to as items or objects people find joy in amassing due to their interesting origin or nature as well as their potential for future value. Some collectibles commonly sought after by collectors include stamps, artifacts, sports and music memorabilia, antiques, coins, comic books, video games, and classic or vintage automobiles. A collectible considered rare can hold a great deal of value to the right buyer, and believe it or not, there is a strong market for buying and selling collectibles in order to make money.
A collector may find the time is right to let go of their collectibles and could potentially make a nice profit by selling them. The joy one collector once felt for an object can often be transferred to another collector. Similar to selling any item or service, one should use a specific strategy in order to profit the most out of selling their collectibles.
The number one tip for someone trying to make money-selling collectibles is to acquire as much knowledge as you can about your area of collectibles. This is a great way to separate yourself from the pack because you are able to identify good deals that others cannot recognize. Becoming knowledgeable can positively affect your reputation in the collectibles world, which attracts more customers because they trust your judgment.

The number one tip for someone trying to make money selling collectibles is to acquire as much knowledge as possible about their specific market, allowing you to separate yourself from the pack by identifying good deals others may not be able to recognize. Gaining knowledge about your area of collectibles and its market can positively affect your reputation as more customers will be able to trust your judgement.

Selling your collectibles in the right place and at the right time can also affect your profit margin from your items. Online marketplaces such as eBay and Etsy allow buyers and sellers to interact easier than ever before. Buyers can make their searches extremely specific because their search doesn’t involve traveling to different auction houses or specialty shops. Knowledge is key in the industry and it is very important to know where and when to buy and sell your collectibles.

Why You Should Invest in Silver


Silver is a precious metal used primarily for investing as well as for industrial applications. Silver is different from gold in that it is notoriously volatile on the market, but since 2005, it’s value has steeply risen. In 2014, silver was at a high of $21.96 per ounce, and in the past five years, hit a top value of $48.58 per ounce in April 2011. Silver can provide a safe investment opportunity mainly due to its high industrial demand, and while prices are not as high as they were four or five years ago, the ebbs and flows of its value is largely dependent of the stock market.

The value of gold and silver are directly correlated with the Dow Jones Industrial Average. When the Dow climbs, investors put their resources into the stock market and away from precious metals, but the opposite occurs when the Dow drops.

A traditional way of investing in silver is to buy actual physical bullion bars, which are uniform in size and are easy to store. Hallmarked bars are easily recognizable and can easily be exchanged for cash.

Silver is considered a safer investment than gold because silver always yields a greater percentage increase on the precious metals bull markets. Industrial uses of silver also account for its success in the market. Silver is used in the production of electronics, automobiles, and jewelry, and new uses are still being developed.

A main reason to invest in silver is production and secondary recovery has failed to meet industrial demand since 1990. Aboveground supplies of silver have also been reported as being critically short. With industrial demand rising and the production deficit eating into aboveground supplies, many analysts have projected this will impact the price and value of silver in the next coming decade.

Silver can also be used as a hedge against inflation, especially in an unsteady and unpredictable marketplace, and the precious metal is favored during a financial crisis over gold. Investing in silver can provide a safe hedge during times of economic insecurity, and with the demand increasing, now might be the best time to add silver to your portfolio.