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Gold – Daryle Lambert's Antiques and Collectibles Blog – I've had a change of mind Tuesday, 07 September 2010 05:57 |  Written by Daryle Lambert |  |  | 
Gold can make you money
In the past several days. I have been told that I am missing a real opportunity to make money by not dealing in gold. When I asked why, my friends' answer was that today any gold they find will return them triple their cost just for the scrap. But that is just where it starts. They are also picking out the stones and selling them for a great deal of money. That's just a bonus. I had been noticing that no matter where I looked there were signs saying “we buy gold” and now I know why. So tomorrow I will be purchasing a gold scale, gold tester and a diamond tester. But even if I purchase these tools, there is still a lot to learn before I get serious about purchasing jewelry. How do you equate the value of 10K, 14K, 18K and 24K gold to one another? There has to be a formula between a gram of 10K and 24K gold but what is it? If I purchase a gram of 10K gold and the current market for gold is $1240 an ounce what is my gold worth so that I can at least double my money? Also, who in my area pays the most for scrap? These and many more questions will be rolling around in my head before I will feel completely comfortable in my purchases. Now the question becomes where do I find this gold? We know that every garage and house sale has jewelry but how about thrift shops and flea markets? When you pass out your business card is gold included in the treasures you're seeking? Do you have an ad in Craig's List for gold and jewelry? A small ad in your newspaper may also get the results you wish for. Remember that these purchases are meant only to sell the gold as quickly as possible, hopefully within a few days. We are not investors, only dealers buying and selling as quickly as we can. I still say that gold is a commercial metal with very few uses besides jewelry. As mining and other processes make gold more available, its value will decrease. Here is a fact for you. Which was the most valuable 100 years ago, aluminum or gold? If you guessed aluminum, you are correct but the amount of aluminum that could be processed grew and the cost decreased so its value declined. Be sure to watch for fake gold and only buy after you feel confident through testing that the gold you're buying is the real thing. Next, gold can be very volatile in its value so you must not hold on or you could be exposing yourself to loss. Everything that glitters isn't gold so be careful.
Last Updated (Tuesday, 07 September 2010 06:02) |
Advertising - Daryle Lambert's Antiques and Colletibles Blog - Your road to successMonday, 06 September 2010 06:18 | Written by Daryle Lambert | | |
Saturday after driving back from the football game in Louisville at 12:30 at night I wondered if I really want to to get up at 6:00 in the morning to attend a flea market? Not being able to convince myself that it would be okay to disappoint Robin, Tom and John our members of the Daryle Lambert's Antiques and Collectibles Club I crawled out of bed still not sure that I was doing the right thing. This is only the second market that they have conducted and I wanted to encourage them in their effort so I knew it was the right thing to do in my heart. Once I reached the the flea market however all my doubts disappeared. The dealers where in the process of setting up and you could see the expectation in their eyes. Even though most of the offerings had very little interest for the true collector, but were tuned to the buyers home use, there was one area of items that I thought would be a key for the dealers when it came to collectors and that was advertising items. Almost ever dealer had at least one piece of advertising on their table and I decided to watch and see if they sold. It didn't take long before I had my answer because first the beer signs sold then the railroad advertising and these were soon followed by the sell of the advertising tin cans. By noon there wasn't a advertising piece remaining to be had. This told me something about what the buyers were looking for and what in the future should be on my list for buying. No the advertising pieces may not bring you a million dollars but they may provide you with the capital to buy that million dollar piece when it comes your way. The great part about advertising is that everyone can find something in the way of advertising that interest them, but remember that we aren't buying for ourselves but for the collector. Another big plus for me when it comes to advertising items is that they most often meet my requirment for buiying and that is they are smaller than a bread box. I also observed that when the people were dickering about price on almost every other item they seem to pay full price for the advertising pieces and were glad to get them. Isn't that what we are looking for in our purchases, items that will fly off our tables or bring top dollar at the auctions where we sell them? I believe that you will find in your search of garage and house sells that adfvertising items are plentiful and you will have very little trouble selling them after they are purchased. Last Updated (Monday, 06 September 2010 07:03) My Mistake - Daryle Lambert's Antiques and Collectibles Blog- Getting in a hurry.Saturday, 04 September 2010 22:59 | Written by Daryle Lambert | | |
In the past I have encouraged my reader to focus on the rare and unusual items but that needs more information for it to be vital in the search for treasure. The levels at which a person expands his knowledge in certain areas is more important than just looking for that rare or unusual item. Please let me explain. What I am seeing as I evaluate the actions of my readers is that some are so focused on finding something that is really valuable that they are over looking the treaures within their knowledge level. When I started in this business it would have scared me to death if I spent more than $100 on a single item but that was because that was the limits of my knowledge at the time Back then if I paid $1 for a piece and then sold it for $25 that was equal to me paying $10,000 today and selling the piece for $35,000. The only difference in these two transactions is that today I have the knowledge to pay that larger amount for a single item. Remember that our goal is to compound our money and there isn't a time limit put on us as to when that has to be accomplished. One lonely penny or cooper as it is known compounded 31 times is $21,500,000. So why get in such a big hurry, just let your gained knowledge do the work for you. Don't let yourself become paralyzed because your not finding that fantastic piece. Think back to the story I related to you about purchasing three box lots of figurines for $250. You see I knew allot about figurines but the rest of the auction attendees must not have. I have sold two of the figurines now for $2727.50 and still have 24 of them ending on eBay within the next couple of days. You see it was the knowledge that made this possible not that I found that hidden treasure, but one that others didn't see. Use the knowledge that you have gained by reading, attending auctions and shows plus asking dealers as many question as you can. You may only feel confident in your knowledge of a few number of items at first but that list will be expandeed each day if you apply yourelf to gaining knowledge, I am afraid that some took my words to mean just sit back and look for that big kill but nothing could be further from the truth. If you really know an item that you purchase for $5 and then sell it for $25 you are well on your way to a fortune. The principles are simple and they work the same no matter what the under lying values are. What I think is missing with so many is that they aren't creating the volume of trades to see these principles in action. Think of it this way, if your first trade was compounding $5 ten times that would mean you had $5120. Now with just a few more turns an your account would be eye popping, so lets get started. Last Updated (Saturday, 04 September 2010 23:58) Musical insturments can be your treasures.Friday, 03 September 2010 06:06 | Written by Daryle Lambert | | |
I am just like an old dog it is very hard to teach me new tricks. It seems that I am quite set in my ways but sometime I do listen to our members of the "Daryle Lambert's Antiques and Collectibles Club" and it should be no surprise that they do teach me things that I didn't know. You can have the table turned on you without even knowing it and this is what happened to me. Tom and John who I have been mentoring for several months began talking to me about musical instruments and I barely took note however as they continued to double there money or more on ever piece they purchased it finally sunk in, maybe this was something that made sense. The only story that came to memory was the time a gentleman bought a guitar in a Direct Auction for $12,000 to only tell all that would listen at the next sale that the piece had been sold for over $25,000 within the next week. Besides this story I didn't recall any other successes with instruments. However John has changed all that he has specialized in guitars and he shared with me at least five stories where he bought pieces for very little money only to see them sell for $400 to $500. Just this week he purchase three guitars from three different sources and I have no doubt he will do as well with them as he has with the others. Here is the great part about musical instruments there are so many different ones. You may find guitars, saxophones, harmonicas, clarinets, banjos, piccolos or violins are your cup of tea. It seems there is money to be made in whatever instrument you choose. Yes I have made my first purchase and it was a piccolo for $200 and with it being silver I believe I am safe with the purchase. But you can bet I will be keeping my eye out for other instruments to include in my inventory. I am so pleased that you have stayed with me in Ondre's absents but she will be back next week and the mistakes should stop. I haven't been able to post pictures but that will also be corrected on her return. Please keep my family covered in prayer while I travel and also pray for traveling safety for me. I am posting this blog early and it is for Saturday so be sure to read the one below it. Last Updated (Friday, 03 September 2010 06:47) Ebay tips for your treasuresThursday, 02 September 2010 20:55 | Written by Daryle Lambert | | |
Over the last year your use of eBay may have dropped off significantly and you would have been right to do so. However it looks as if they have gotten their heads on straight and figured out that if they are going to stay number one in the Internet markets they had to change. If you have been keeping up with the news eBay has dropped their listing fees plus several others to be competitive. This may well be the time for you to re-introduce yourself to eBay. Tip one. Last Updated (Thursday, 02 September 2010 23:45) |
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