Author Archives: Ashley Whitfield

Don’t Look Anywhere Else Until You Read These Great Tips About Gold

While a lot of people love gold, they are not necessarily well educated about it. This lack of understanding can make people vulnerable to scams. The advice below will be quite helpful to anyone who is not familiar with the ins and outs of gold investing.

When you buy gold jewelry as a gift, be sure to understand the return policy and get a gift receipt. It’s not uncommon for many pieces to not be the receiver’s taste or the wrong size. If you have the receipt, they can easily trade in the piece for something more to their liking.

Why not get your gold jewelry appraised if you are not too sure about its current value? The small investment required will ensure you get what your jewelry is worth. If you want to obtain an unbiased value, retain the services of a certified appraiser. If you continue with your plan to sell, do be aware that you won’t receive the price the piece has been appraised at.

When considering mailing your gold away for sale, be certain you know how much return mail will cost should you change your mind. Many companies offer free shipping; however, they may charge shipping for returns. Know beforehand how much you would have to send in order to get your pieces back.

Avoid letting people know that you are planning to sell your gold. This is because you never truly know who may be listening. Protect your investment in a secure home safe or in a safe deposit box. That will help protect your gold and you at all times.

It is crucial that you understand the gold market before you try to sell any. Compare prices with other gold dealers. You will get a general idea of the kind of price you can get. Ask a bit more so you can negotiate.

Look around before deciding on purchasing from a gold buyer. You’d be surprised in the variance of prices you’ll get offered. By picking the first dealer, you could get a horrible deal. Be cautious and go slow in order to get the best deal for you.

Gold is usually a safe investment but this precious metal can also be volatile. If you do not have the stomach for quick jumps up and down, stay away. If you are able to handle it, then you can still limit the downside risk involved. Don’t over invest in a single market, like gold. Many experts say that no more than 5 percent of your assets should be devoted to gold.

Establish some goals before deciding what kind of investment is best for you. It’s something that is great when used to shield yourself against inflation, but the investment is volatile. If you’re able to set a limit on being exposed to it and have a few things in mind before you set out, you can make more money.

One popular way to buy gold involves purchasing coins from the US Mint that were made before 1933. President Roosevelt recalled these coins in 1933. Many people still kept them and you can still buy them today.

You’re not going to receive full price when you sell your gold. A gold dealer must make a profit just as any other business must. They have to adjust prices accordingly. You should expect to receive between 50 and 70 percent of the value of your gold.

As previously discussed, for as many people as there are that love gold, very few know much about it. However, after reading the above tips and techniques, you should have a better understanding of gold. Use the information shared here to make the best choices when gold investing.

What You Have Always Wanted To Know About Gold

A lot of people decide to invest in gold because this precious metal is an excellent way to protect savings from inflation. Gold’s reliable value has made it a go-to investment in times of economic turmoil. Read the following article to learn more about gold and how you can make a safe investment.

Gold Jewelry

Gold is high in price, and this deters some. You might choose gold-plated or gold-filled pieces instead of ones that are full gold. You do not have to spend lots of money at a jewelry store to buy nice gold jewelry. You can get gold jewelry cheaper online or in pawn shops.

If you intend to convert your gold jewelry into cash, you’ll have to choose between selling it as jewelry or for the “melt” value of the gold it contains. Many buyers only want to pay for the melt value of the jewelry. Don’t let this hamper you, because you’ll find the right buyer eventually.

Make sure you know the spot price of gold the day you plan to buy or sell. This price can be found on a number of websites. When you do buy, avoid more than an 8% markup. There are dealers who attempt to charge a higher amount, but they are unethical and simply overcharging.

Before you ship gold jewelry to a buying service, find out whether you will be charged for return shipping. If you are not satisfied with the offer, you will have to pay this amount. Most companies will give you free shipping to them but charge you an arm and a leg for return postage. It’s best to be prepared so you are not surprised by return shipping charges.

To verify that a particular piece of jewelry isn’t simply plated, you can try testing it yourself with a magnet. Real precious metals do not stick to magnets. Check the chain as well as the clasp for an accurate reading. That’s a great way to make sure.

Even if your earrings are not real gold, the backs may be. Sometimes rings are only partially gold, and sometimes necklaces just have gold clasps. Since such pieces often weigh little, attempt selling them in a “lot”. A lot is a collection of separate pieces weighed and sold together; selling off jewelry in lots is often the best way to get maximum value.

Prior to selling your gold to a buyer, jeweler or dealer, check them out on the BBB. In this way, you can get sound information on the performance and history of these entities. Heed any complaints to see if the company resolved them or not. Businesses that have many unresolved complaints should be avoided.

As fruitful as gold investments can be, the market is also always-changing. Gold investment may not suit you if your investment style isn’t prepared for a lot of up-and-down price movement. If your stomach can handle the rough ride, you should still protect yourself from losing too much money. You should not allocate a sizable portion of your portfolio to gold. Five percent is often touted as an advised cap.

Prior to buying gold, be sure you know the dealer. To find a reputable dealer that sells gold, call the local BBB. Doing this will help you find any complaints lodged against the dealer. If they aren’t resolved, move on.

Gold values continue to skyrocket as they have over the previous decade. This is excellent news for anyone who owns gold. It may or may not be the best time to purchase gold depending on the worth of the dollar. The weaker the dollar, the stronger the gold price.

Investing in the gold market does not need to be difficult. All it takes is arming yourself with the best information available. You just got some great ideas about gold, so you can jump right in. Use the tips here and wisely make investment decisions.

Find Success In Gold With These Gems Of Tips

Gold investment is a terrific way to safeguard your money and even turn a profit. Perhaps you have considered the gold market but have not had enough information to get started. If so, we have just the information you need. Check out the suggestions below and you’ll discover some excellent gold investment tips that should prove useful for investors at any level.

Gold prices change frequently, so you must stay apprised on the values of your items. If you have made the call to sell any gold you have, group your pieces by karat value. Don’t sell jewelry with a designer name that has a higher worth than straight melt value.

Have your jewelry appraised before selling it if you are unsure what it is worth. The up front cost is significant, but it can give you a better estimate of value. In order to have it valued most accurately, go with an appraiser who is accredited and independent. Understand that you’ll be paid less than the appraisal value of your gold by gold buyers, however.

Realize that all items containing gold have some sort of resale value to dealers. Old or broken jewelry, old coins and tableware are just some of the things that may contain gold, An item need not be made purely of gold. It could just have a tiny amount of gold or be gold plated. You can still turn a profit on these pieces.

Gold is a lot of fun to purchase, but refrain from announcing it to everyone. You may accidentally be overheard by a thief. Protect your gold by storing it somewhere secure. This keeps your gold hidden and secure, as it is a very valuable investment you want to protect.

Check out a number of gold buyers before making a deal. You may get a wide variety of offers. If you take the first offer, you might get the worst deal ever! Take a little bit more time at first so you’ve got the maximum return on your gold investment.

Talk to someone at any gold party to determine how they decide a piece’s karats. Many items are stamped. But other times, there isn’t any mark of visual cue, so the reps have other alternatives for determining it. Acid tests are simple ways to do this, so if the rep does this, they’re probably new to the business.

Before you sell your jewelry for scrap gold, have them appraised. You should do this for special pieces. Unique pieces may be worth more intact than they would if eventually melted down. You may have to pay to have a piece appraised, but it’s worth it. By taking your jewelry to an experienced appraiser, you may also find yourself with a good lead on a potential buyer.

You can sell your gold through the mail. Many people prefer this option because it is really easy. You receive a postage paid envelope, place your items inside, ship it and wait for a check in the mail. However, know that these buyers don’t pay what you might get somewhere else. In a few cases you might get 30% less for a piece, so know that.

Getting into gold isn’t just something a seasoned investor should do, anyone is actually able to get into it if they know what to do. Since reading these tips, you know how to make smart choices when it comes to gold. Keep these tips in mind going forward.

Helpful Hints For Buying, Selling And Trading In Gold

The gold market has experienced a great surge in popularity due to difficult global economic times. Maybe you want to add it to your investments. Gold is a good hedge against inflation and economic unrest. Read on to educate yourself about this market.

Gold bars are the most economical choice for investment purposes. They come in weights that vary. You can purchase a large, four hundred ounce bar down to a tiny half ounce one. Four hundred ounce bars will be hard to locate.

Gold prices constantly change so you must know your piece’s value before selling it. If you make the decision to sell gold, separate your pieces by purity level. Don’t sell jewelry that has an increased value because of the design or the creator.

Always use a reputable company when selling gold. Check with the BBB and look at reviews online before you sell your gold to a buyer. If you are being offered good customer service and an honest price for the gold, then you are dealing with a reputable buyer. Stick with them to protect your own interests.

Precious Metals

It is crucial that you have a solid idea about how the gold and precious metals market works. Prices of precious metals fluctuate everyday, so pick a day to check on the spot price before you buy or sell. You may be required to spend more on melt values if you are working with fractional pieces. You might pay more for something that is 0.25 ounces versus something that is 1 ounce.

Keep in mind that gold dealers will buy anything that’s got gold within it. This could be tableware, broken jewelry, and other stuff you have around your house. In fact, a gold piece doesn’t have to be 100-percent gold to be worth something. A gold plated item or an item that is not entirely made from gold is still valuable. You can still find a nice return on the sale of it.

No matter the excitement gold buying brings, do not spread the word. This is because you never truly know who may be listening. Keep your investment private and secured, preferably in a safe. This keeps your gold hidden and secure, as it is a very valuable investment you want to protect.

Before selling gold, separate everything by karat. A vendor may scam you by weighing what you have together by the lowest weight in karat. That’ll mean less money for you. So keep each piece separated to ensure you get the most you can.

When negotiating with the dealer, be sure to read everything with a fine tooth comb. Gold is a major business that involves lots of money. Be aware of what you’re signing. Don’t be afraid to pass on anything that has terms you don’t agree to. This may be necessary to protect yourself from financial disaster.

Gold is a very volatile investment. If you can’t handle the fluctuations, avoid this market. If you have enough tolerance, you should still limit your exposure. Only invest a small amount of your financial portfolio. Start with investing 5% of your portfolio in gold so you can get a better idea of how this precious metal fluctuates.

Gold Market

The gold market has undergone a boom in recent times, probably due to the current poor global economic conditions. Knowing about the gold market will give you a big advantage. Use the information applied in these tips to your benefit when considering the gold markets.

Hard Time Understanding The World Of Gold? Check Out These Tips!

Gold’s value changes often, but always goes up. You can always find a market for gold and other precious metals. Gold generally does especially well in economically uncertain times. By reading on further you can find out how to best trade to your advantage.

When you sell gold, deal with a reliable buyer. Check BBB.org to find out more about the firm. A reputable buyer will typically pay you a fair price for your gold, and they will offer better customer service than less reputable buyers. Protect your interests and your gold by doing this.

Think about selling gold on the Internet. You don’t need to have a physical store location anymore. There are plenty of websites that are ready and willing to buy your gold. Such sites will send kits in which you mail back your gold. They will pay you once you send the gold in.

Arrange for delivery of your gold at the time of purchase. If a seller gives you anything other than immediate delivery, you need to have some kind of written contract or guarantee when your pieces are arriving. This should include the date the gold will arrive to you buy. Do not complete the order unless you have this in writing.

If you want to start investing in gold but don’t have much money to get started, think about buying scrap. Just keep buying a little every time you get paid, over a year or two you will accumulate quite a little pile. Keep it inside a safe location until you get enough to cash in.

Only buy gold jewelry from a seller if they have a return policy What if it doesn’t fit? If that happens, you want to be able to send the jewelry back and get your money back as well.

Get an appraisal to find out the exact value of your jewelry. This adds an up-front cost, but it could save you a lot of money later. Make sure that you get a truly realistic value from an appraiser that is accredited. If you do want to sell the gold, understand you won’t be offered full value it was appraised for.

Check the price when you are buying gold. A number of websites feature this information, and it changes daily. Never pay more than 8 percent over the current sales price of gold. There are dealers who attempt to charge a higher amount, but they are unethical and simply overcharging.

If you plan to mail your jewelry, be sure that you find out how much the return postage will cost if the price offered you is too low. A lot of companies say they’ll let you ship for free, but to get things back they charge quite a bit. It’s best to be prepared so you are not surprised by return shipping charges.

Do your research before selling gold. It’s also a good idea to research what similar pieces have for asking prices. This lets you determine a fair market value starting price point. Always ask for a bit more than you really want in order to allow for negotiation.

Gold is usually a good investment, but there are no guarantees. If you’re not wanting to stomach the ups and downs, then you need to steer clear. If your stomach can handle the rough ride, you should still protect yourself from losing too much money. Only invest a small amount into gold. 5% is a good amount.

One thing to see if you can get cheap gold is to see if you know anyone that has broken jewelry for sale. Buy a jewelry scale, see how much the gold weighs, and offer 5 percent more than they would get on the open market. You’ll still come out ahead.

As you likely know, our economic system weighs itself against gold. To take advantage of this market, learn all you can today. Apply the advice above to get your foot in the door when it comes to gold investing.

Get To Know Everything There Is To Know About Gold

Gold prices vary daily; however, it is always slowly rising. Any precious metal, especially gold, always has a verdant market for trading, selling and buying. In difficult financial times, the value often rises to new heights. Keep reading to learn more about the gold market.

Gold Broker

Make sure you research any gold broker you do business with. You want to work with a reputable gold broker. You want to determine how the business treats its customers and whether there are outstanding complaints against it. Ensure you receive the maximum amount for your gold by shopping around.

Prior to selling old jewelry, research the going price for gold. This will help you set a fair price when you sell or buy. Most dealers are honest and stick close to market value, but a minority try to rip desperate people off by low-balling their offers.

If you want to invest in gold but do not have much money, think about purchasing scrap. Scrap gold can be purchased in very small quantities (like a little bit every time you get a paycheck) and stored until you have a large enough collection to sell off. Find a secure place for your stash until there is enough for you to cash it in.

If you’re not sure about the value of your jewelry, you can have an appraisal done. This can cost you a little initially, but you want to know right? Be sure to select an appraiser who is accredited and independent for a realistic appraisal. Remember, though, that you won’t get the appraiser’s price for your gold.

When you’re dealing with any type of gold it can be of valuable to someone that buys it. Valuable gold can be made into anything that is now broken such as jewelry and any home items that could be around. An item need not be made purely of gold. Even something partially gold or just gold-plated might mean money. You will still stand to make a bit of profit.

Melt Value

When selling any gold, you have to decide if it will be as jewelry or for its melt value. Private sellers and pawn shops just want the melt value. If you want to sell your gold as a jewelry item, you should keep looking for a good buyer.

It’s always a good idea to verify the spot price before making a purchase the same day. This information can be found on several different websites. You shouldn’t pay more than 8 percent over the spot price. Be on the lookout for any unscrupulous dealers who try to get away with overcharging you.

You may even be able to find old gold at thrift shops or garage sales. If you have a discerning eye, you can locate great pieces. Often people do not realize the value of old jewelry and simply donate it or put it in a garage sale. You can benefit from the seller’s loss if you research a bit.

Gold is always a stable investment in our economy. If you want to make money with gold, you must have a clear understanding of its value in the market. You must also establish clear financial goals to govern your dealings. Use this information to get into the gold market.

Looking To Get Started In Gold Investing? Read This First!

Investing in gold is a very popular way to protect your savings from inflation. In the rough economy of recent years, there are a large number of investors who have looked at gold as a way to keep their money safe. But, it’s important to know more before trying it. This article was written to be of assistance to gold investors wanting to get as much from gold as they can.

When you invest in gold, it is a good idea to go with buillon bars. The weight of these bars vary. The weights range from 0.5 oz to 400 oz bars. It will be harder to find the bigger bars.

It is important to research the current value of gold before selling your gold. Don’t forget to take into account the different karat values of your gold pieces. Avoid selling any jewelry that’s worth is dependent on the designer.

If you’re thinking of getting gold to help you retire, you need to get the right variety. The gold has to be IRS approved. They have to be either 24 karat coins or bullion bars. Over time, gold bars appreciate better than gold coins.

Check spot prices before you buy. This information can be found on several different websites. Never pay in excess of 8% markup above the spot price. Some dealers charge more than that, but it is a rip-off.

While gold buying can be fun, don’t tell everyone about it. You can’t be sure who’s listening or who is trustworthy. Stay quiet about the investment and make sure you keep it safe. This ensures that your gold is protected under all circumstances.

Before selling your gold, comparison shop. You may be shocked to see how different the offers are! If you do not get several offers, you may not get the best price. Take a bit of extra time upfront so that you have the most cash possible in your pocket.

You can easily test whether a gold piece of jewelry is real by using a simple magnet. Precious metals like gold are not going to be attracted to a magnet. In some cases, jewelry may have a clasp that is made of gold, but the rest of the jewelry piece is made of plated metal. This can be a useful method of testing for that.

In many cases, earing backing are solid gold even the total piece is not. Necklace clasps and ring bands are as well. These sorts of items are often lightweight and should be sold as a collected lot rather than individually. A larger profit can be obtained this way as many pieces are being sold in one “lot”.

It is a good idea to check with the Better Business Bureau before you deal with a gold broker. Here, you will find information regarding the business, as well complaints and reviews from people who’ve dealt with them before. Pay special attention to any complaints and if they were resolved or not. If they have many complaints or lots of unresolved complaints, consider another buyer.

You can invest in gold without collecting it. You could buy stocks in a mining company or shares in a gold ETF. If you buy physical gold, keep storage costs in mind.

You can sell your gold through the mail. A lot of sellers prefer this, as it is easy. Oftentimes you will be provided with a prepaid envelope and will receive a check in the mail. These companies won’t pay the same amount for gold as others though. Some of these outfits pay you a third of the money for the item than you might get elsewhere, so be cautious.

Even though gold is often profitable, it is also equally volatile. If you can’t handle losing money, this is not the investment for you. If you decide to invest, start out with a small investment. Don’t over invest in a single market, like gold. Limiting gold to five percent or less of your total investment is a good idea.

Due to the financial hardships throughout the world, gold has not only become more popular, but it has also become more important. When armed with the appropriate information, investors from all walks of life can safely invest in gold as a solid source of investment. Use the tips here to make money.

Good Tips To Use When You Need Information About Gold

Gold is a treasured commodity and is universally valued, and has been since its discovery centuries ago. Everyone loves gold even though they all don’t know how to acquire it. If you are in the market to buy gold, then keep reading for some helpful tips on how to get some gold.

Before selling your gold, be sure to check the current price. It changes all the time. If you choose to sell gold, weigh and value pieces that have different karat values separately. You should not sell jewelry as gold scraps if its worth is higher because of the brand or design.

Investigate the reputation of any firm you are considering doing business with. You can find out if they’re trustworthy by looking at the BBB reviews. A good buyer will treat you well and offer a fair price on your jewelry. This can help you to be protected when dealing with gold.

Look online for the most reputable gold buyer you can find. You can read reviews online, check with the Better Business Bureau and discover how each dealer resolves customer complaints. You have a better chance of getting the highest possible price for your gold when you obtain bids from a number of different gold buyers.

Sell Gold Online

It is possible to sell gold online. You don’t need a storefront to buy and sell gold. There are many places to sell gold online. You will get a kit to return gold. They will pay you their standard per ounce price for your gold.

Only buy gold jewelry if you can return it. You have no idea if the person for whom you are purchasing the piece will like it or if it will fit. For this reason, it is important to purchase jewelry items that come with a money back guarantee.q

If you intend to convert your gold jewelry into cash, you’ll have to choose between selling it as jewelry or for the “melt” value of the gold it contains. The quickest way to sell off gold (and the one many dealers and pawnbrokers prefer) is for the melt value. Don’t get discouraged since there’s a buyer out there that wants your pieces.

Using a brokered service such as GoldMoney may be the gold investment technique that best suits your needs. It is almost like opening a bank account for gold. Set up the account, deposit some funds, and you get gold at the price that correlates to the account. Instead of having to keep this valuable commodity at home, it sits safely in the vault at the bank. You are free to withdraw any time you chose.

Comparison shop when you are choosing a buyer. You’d be surprised in the variance of prices you’ll get offered. Going with the very first buyer who comes along might prove a bad deal. Instead, do your research and get the most for your gold.

An inexpensive and simple way to see if an item is gold is with a regular household magnet. If it is a true precious metal, it will not adhere to the magnet. Many times you see the clasp gold plated but not the rest of the piece. Using a magnet is an excellent way to find this out.

It is a good idea to check with the Better Business Bureau before you deal with a gold broker. You can usually find out about complaints and customer reviews. Complaints that have been resolved are actually a good thing, so factor those in as well. A multitude of unresolved complaints is a good indication you should do business elsewhere.

Gold is a valuable, durable, attractive resource. It’s still ideally suited for use as a tradeable commodity, too. Investing in gold helps you make money over the long term. Now that you have a basic understanding about gold and its value as an investment, go out and learn all you can to help gold make money for you.

Don’t Look Anywhere Else Until You Read These Great Tips About Gold

More people than ever are investing in gold these days. There aren’t many people that are educated when it comes to investing in gold. Read on for more valuable advice and insights to add to your investment knowledge.

Look at the spot price of gold before selling. This will indicate whether you’re getting a fair price or not. While dealers often give you market value, some are used to sellers wanting quick cash.

Only buy gold jewelry if you can return it. People’s tastes are different and you don’t know the whether the person will like what you buy. By ensuring that the dealer offers a return policy, you can help protect yourself.

Don’t rule out getting gold items from thrift stores or antique shops. When you know what to search for, you can find great items in these places. Many people don’t understand how valuable their items are, so they sell for cheaper than they could at these places. If you do some research, you can benefit greatly.

Make sure you are know exactly what you have. Just because something looks like gold doesn’t mean it is worth gold’s weight. Usually gold is mixed with other metals to give it strength. This makes the value lower. So can gold-plating. When you don’t know what you’ve got, have it appraised ahead of selling it.

If you’re thinking of selling your old gold jewelry and scraps to a gold-buying business, it’s crucial that you check their reputation on the Better Business Bureau’s website first. They are sure to have information about each business, as well as data on any complaints filed. Don’t worry too much about complaints that have been satisfactorily resolved. If a business has a lot of customer complaints or unresolved complaints, avoid using them.

You can make gold investments in ways other than actually having physical possession of gold. Buying gold-focused mutual funds and stock in companies that mine gold are other options for investing in gold. While it is nice to physically have gold, you run the risk of theft and the expense of storing it.

The first thing you should do when selling gold is group the pieces by karat weight. Keep an eye on the gold buyer because they may try and deceive you. A common trick is to weigh everything together and then give you the price for the karat that is the lowest weight. That will result in a lower payout for you. Rather, pre-separate the pieces so you can get the most money you can.

When you go to a dealer, make sure to read all forms clearly. There is a lot of money in gold and some unscrupulous brokers out there. You must be fully aware of what you are committing to. If any of the terms bother you or cause you hesitation, walk away from the deal. It’s important to protect your finances.

Know who is getting your gold. If you plan to mail the gold out of state, this is even more important. Reputable dealers will on file with the BBB and have few to no complaints.

A way to get gold at a great price is to simply ask your relatives if they want to sell broken gold jewelry. Get a quality jewelry scale, measure the weight of your gold and it will be possible for you to offer a better price than a pawn shop while still making a profit.

It’s wise to buy gold when you have a lengthy time horizon. You don’t just purchase gold when it’s price is high. Indeed, you should never invest during such market conditions. Pace your buying over time in both ups and downs. Avoiding timing the market gives you better pricing over time.

Buying and selling gold has risen in popularity in recent years, and it doesn’t seem to be stopping anytime soon. If you want to be a good investor, you need to do your research. Apply the ideas within this article to your approach and you can easily find profit in the near future.

How To Make Use Of The New Gold Trends

Gold has been treasured for thousands of years. Everyone loves gold even though they all don’t know how to acquire it. If you’re ready to start buying gold, read on for some important information.

Gold’s price is always changing, which makes it important to know your piece’s value before selling it. If you choose to sell any gold, keep in mind that pieces that have different karat values need to be valued and weighed separately. Never sell any jewelry as gold scraps that’s worth more than the gold itself due to the designer.

Research several gold buyers and compare them to obtain the best price for your gold. You can read reviews online, check with the Better Business Bureau and discover how each dealer resolves customer complaints. When you get bids from multiple buyers, you may be able to get top value for the gold.

Sell Gold

Think about using the Internet to sell gold. You don’t need to have a physical store location anymore. There are many places to sell gold online. They’ll send you a kit in which you can send the gold items you wish to sell. If they accept the pieces, you will receive their prevailing rate.

You should always ask for timely delivery when purchasing some gold from a reliable seller. If your seller can’t commit to immediate delivery, get the delivery date in writing. Your expected receive date should be listed. Proceed with an order only if this information is forthcoming.

If you buy gold for your retirement fund, be sure it’s the proper kind. The IRS needs to approve the gold. They have to be 24 karat coins or bullion bars. Since gold bars are worth more than coins, it is best to buy them instead.

You might sell gold melted down or as a jewelry item. Most private sellers and pawn brokers are only willing to pay melt value for gold jewelry. Don’t let this discourage you, because you will eventually find the buyer you are looking for.

Check gold prices on the day your are buying or selling gold. This information is readily available online. Be aware that it is updated every day. When going to buy the jewelry, you should not have to pay higher than 8% markup over the spot price. Many dealers try to overcharge you; however, by being informed you can avoid this trap.

Buy Gold

Only sell to buyers that have a state license to buy gold. Licensure is not a guarantee of credibility, but it is certainly a good indicator. There are various people and stores that can buy gold, so do not think that you must go with the first one you encounter.

Speak with professionals to learn different strategies to find the karat value of gold. Many items are stamped. There are ways to determine a piece’s purity if no stamp is present. Using an acid test can be a great way to determine the karat of the gold.

The gold market involves many different areas that you could invest in. Gold mining stocks are available. You could also buy shares in a gold fund. If you want to get physical gold, factor in the cost of storage in a secure location.

Doing some research into any potential gold buyer is a good way to both protect your interests and score a good deal. That is important, especially when you are mailing in your pieces to someone out of state. Consult the BBB to determine whether anyone has lodged complaints against a prospective buyer.

Clearly, gold is a treasured commodity that has extraordinary trading value. Gold holds its value, and over time it will increase in value. Now that you’re learning something about what gold can be used for, you can start saving yours up now.