Author Archives: Ashley Whitfield

Wondering What All The Fuss Over Gold Is All About? Check Out This Advice Today!

If gold is something you want to invest into your portfolio, you have to be sure you know what you’re doing. While success is achievable in a short period of time, this is possible only if you are familiar with the way the market works. The article that follows is going to teach you what you need to know when dealing with gold.

Bullion bars are an excellent gold investment. They come in weights that vary. From .5 ounces to 400 ounces, the choice is yours. You will have a hard time if you are seeking the largest size.

Changes in the current price of gold will affect the price you will get. If you have made the call to sell any gold you have, group your pieces by karat value. Don’t sell jewelry that’s worth more due to maker or designer.

Melt Value

Before you buy or sell your gold, make sure you understand how the prices of precious metals work. Precious metal prices can fluctuate a lot, so check the markets daily, especially when making a transaction. You also will have to pay more than melt value, but you will sell below melt value.

If you are considering a gold buyer, do some research on him to make sure he is reputable. Read online reviews, check with the BBB, and see how the dealers resolve complaints. If you get quotes from multiple buyers, you will get the most for your gold.

Arrange for delivery of your gold at the time of purchase. If your seller doesn’t give you an immediate deliver, get it in writing confirming when you are to expect your piece. The date on which you can expect to receive the items should be provided. Proceed with an order only if this information is forthcoming.

Have your jewelry appraised before selling it if you are unsure what it is worth. Although you’re spending some money up front, at least you’re getting fair market value for your items. Make sure to choose an accredited appraiser from an independent shop to receive the most accurate appraisal. If you do want to sell the gold, understand you won’t be offered full value it was appraised for.

Anything that is gold can be sold. Old or broken jewelry, old coins and tableware are just some of the things that may contain gold, Even things that are not pure gold can have value. Even gold plated items will have some value. You will still get a favorable return.

Check gold prices on the day your are buying or selling gold. The spot price can be found in many places, and it tends to fluctuate often. Never pay more than 8 percent over the current sales price of gold. Paying that price would simply be unfair to you.

Be sure the buyer you are considering is licensed by the state to make gold purchases. Most states require that dealers be licensed when dealing with the buying and selling of gold. Many establishments purchase gold, so there is no need to sell yours to the first buyer you deal with.

Be careful in the gold market. There are bad companies in any market, but this market is known for having many. There are quite a few people out there that would just love to dupe you out of what you are really owed. The benefits of caution and careful research simply cannot be overstated.

When attempting to sell your gold, you want to do your research into the market price. Also, it might be beneficial to compare prices and see what others are selling similar items for. This will provide you with a good starting point on pricing. People will haggle, so ask for more than you will actually settle on.

After reading the above information about gold you should be able to test your knowledge in this market. Use these tips and set yourself some goals. Yes, gold is a great investment that can help you plan ahead for the future.

Your One-stop Guide For Everything Gold Related

Gold investing is a safe place for your money to go. You may have eyed the rising price of gold and considered getting into the market yourself, only to be held back by a lack of solid info on the field. If so, this is the place you need to be. This article contains great advice for people who want to invest in gold.

When selling gold, it is a good idea to get an estimated value from more than one source. There are many places to get this done, and some will pay you more than others. By getting multiple estimates, you can be assured that you will get a fair price when you sell.

Understand the spot price of gold before selling any. If you sell gold, pieces that have various karat values need to be valued and weighted individually. Don’t sell jewelry that’s worth more due to maker or designer.

Be sure to find a reputable gold buyer to do business with. Check the reputation using the BBB and online reviews. Reputable buyers offer great customer service along with fair prices. Protect your invest and look into these companies.

Do you know how pricing on precious metals works? Metal prices fluctuate constantly, so you need to know the price on any given day for a transaction. You might need to pay a higher percentage for melt values such as 1/10, and 1/2 fractional pieces.

Do careful and thorough research on any gold seller you are considering doing business with. You can look at online reviews, check at the consumer protection organizations or read on message boards about complaints. Additionally, get several offers before selling to a gold dealer to ensure you get top dollar.

It’s always a good idea to verify the spot price before making a purchase the same day. You can find this on a variety of websites, and it can change daily. When you actually go to buy, do not pay more than an eight percent markup over this price. A few dealers attempt to charge you more than this, but this means they are trying to rip you off.

If you decide to mail your gold to a buyer, find out how much mailing and insuring these items will cost you and how much you will have to pay to have the items mailed back to you in case you do not accept the buyer’s offer. The majority of companies pay for you to send the jewelry to them, but they charge high fees to return it to you. Understand what you will have to pay if you don’t like their offer. Protect yourself.

You never know where you will find valuable gold; places like thrift stores are often great places to discover good deals. If you understand what to look for, you really can find some great deals. A lot of people give these items to thrift shops or antique markets because they aren’t aware of their true value. A little bit of effort on your part to look around can yield big results.

Investigate several gold dealers before choosing one to do business with. The different prices you receive might shcok you. If you take the first offer, you might get the worst deal ever! Wait a bit of time so you have the greatest cash in your pocket.

Carefully read and check the small print in the sales contract. You should carefully read the whole contract especially if selling through a mail service. There are going to be some fees and commissions to consider, and you don’t want them to be too steep.

Gold investing isn’t just for a pro; anyone who wants to be safe with their money can do it too. Now that you have learned the basics on gold buying, you can be more confident with your abilities in the market. Keep all these tips handy for the future.

Hone Your Gold Knowledge By Using This Expert Advice

Gold has been treasured for thousands of years. Everyone loves gold but not everyone knows the best ways to acquire it. This article will help you learn about buying and selling gold.

Prior to buying or selling any gold, be sure you truly understand how gold pricing works. The prices of precious metals fluctuates daily, so it’s best to know the price of the day. You must to pay a premium to the melt values if you’re buying less than one ounce pieces.

Gold Online

You can actually sell your gold online. There’s no reason to confine yourself to brick-and-mortar stores when selling your gold. There are many places to sell gold online. The site sends you a prepaid mailer to put the gold pieces in. They end up paying you once they receive it, but they usually won’t pay you a lot.

You may shy away due to gold’s price, which may make you go for gold-filled or gold-plated jewelry instead. You still can get gold jewelry items without spending a lot at a local jewelry store. Find cheap gold in pawn shops or online.

Know the current price per ounce of gold before selling your pieces. This allows you to evaluate a dealer’s offer against the current market rate. The majority of dealers will offer you market value for your gold, but some know that sellers just want to convert their items into cash quickly, and they take advantage of the buyers.

Get an appraisal if you have no idea what value your gold holds. The up front cost is significant, but it can give you a better estimate of value. Find a reputable appraiser, however, to visit. Understand that you’ll be paid less than the appraisal value of your gold by gold buyers, however.

If you’re going to sell scrap gold for cash, be sure you’re looking into everything. Some stores won’t pay the market price of gold, and it’s up to you to realize this. Stores which are not centrally located may be able to give you a better price.

Find out if the firm you are mailing your gold to will ship it back, and how much that will cost. While businesses may claim free shipping, they may also charge you to send the pieces back. Be sure you figure out what things will cost before you start mailing off your jewelry.

Buying gold can be exciting, but you might not want to tell a lot of people about it. You may accidentally be overheard by a thief. Make sure you keep your gold investments to yourself and protect them by storing them in a local bank safe deposit box. That way, your gold will always be secure.

Make sure that you step up to the market with a sound mind and wary eye. There are many scammers in the gold market. Despite your best efforts, some buyers and sellers are more than happy to cheat you wherever possible. That’s why you must do your research and be careful.

As is now quite clear, gold is a precious commodity that is easily traded. 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.

Getting Your Gold To Work For You

Would you believe that your dreams could come true if you invested in gold? This will only happen, though, if you educate yourself about smart gold investing. The following article will give you professional tips.

It is important to research the current value of gold before selling your gold. Different karat values will be valued and weighed separately when selling your gold. Never sell any jewelry as gold scraps that’s worth more than the gold itself due to the designer.

Delivery Date

Before you buy gold from a dealer, get a guaranteed delivery date. If delivery isn’t immediate, then you need written confirmation from the seller about your pieces. The date on which you can expect to receive the items should be provided. Don’t go through with the order if they can’t provide you with the delivery date in writing.

If the gold price is not to your liking, perhaps going with gold-filled or gold-plated jewelry is something to consider. You can still buy gold jewelry without spending a ton at a jewelry store. Visiting flea markets and pawn shops can help you to get the very best price.

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. If you are selling a piece of jewelry, you should pursue a better deal.

When selling gold, only work with licensed buyers. Although anyone could rip you off, the chances are slim when working with someone who is licensed. Many individuals, pawn shops and jewelry stores are interested in buying gold. Be picky about your buyers.

Look around before buying from a particular gold buyer. The different prices you receive might shcok you. If you accept the first deal offered to you, you might be sorry. Be sure to take time to choose your buyer wisely for the best profit.

You can use a magnet to test precious metal inexpensively. Gold, unlike other metals, will not be attracted to a magnet. Certain pieces have a clasp made of real gold while the remaining parts are plated. Magnets will let you tell the difference.

You should read all the fine print of a contract when working with a gold broker. This is a big business with big dollars attached to it. Like anything else, you should understand what you are signing. Don’t be afraid to pass on anything that has terms you don’t agree to. Protecting your financial interests should be of primary importance.

Don’t sell your gold until you have to do so. Gold prices are always going up. Even though it has been high lately, it could eventually get even higher. The longer you can retain your gold, the more benefit you will obtain.

Try buying broken gold jewelry from friends and relatives. Buy a jewelry scale and weigh the gold so you can give your loved ones a good deal and still make money for yourself.

Have a plan in place before you begin investing in gold. Gold is good to have in an unstable economy, but it’s not always a good investment. By setting goals and limiting your involvement, you can make smart choices for profit.

Many of the best deals can be found by buying gold from the public. Still, you need to know the risk that is involved when you purchase gold this way. Therefore, you should request that the coin be appraised. Sometimes this impossible with a fast seller. In that case, use your best judgement if you think the deal is a good one.

If you are a beginning gold investor, avoid making things too complicated. Shy away from investments such as gold futures markets. Futures are both volatile and complex. You can sometimes lose money pretty quickly if you’re not sure about your moves. Be sure you let seasoned investors grab these types of investments.

Overnight fortunes will not be found but steady growth of profit can easily be achieved. With sensible goals and wise decisions, you’ll be able to grow the money you invest in gold. As long as you do not panic when the market fluctuates, you should see a great return over time.

Read This Article For The Best Gold Information

In the world of finance, gold is king. Learn how to incorporate gold into your portfolio and develop a sound investment policy. Between purchasing companies’ shares to purchasing raw gold, you have a lot to consider. Read on to find out more about investing in gold.

If you are buying gold as a form of a retirement fund, make sure to buy the right kind. The IRS has to approve the gold. Only 24K coins and bullion bars are eligible. If you can, purchase bars rather than coins since they are more valuable.

If you’re interested in investing in jewelry made of gold for someone other than yourself, make sure that you have the ability to return it for a full refund if necessary. There are time where you may have to return the jewelry. For this reason, it is important to purchase jewelry items that come with a money back guarantee.q

Why not get your gold jewelry appraised if you are not too sure about its current value? While there is a cost involved, you will at least then be fully aware of what you own and what it is worth. Use an accredited appraiser for best results. Also keep in mind you usually won’t get the full value if you do decide to sell the gold.

When considering mailing your gold away for sale, be certain you know how much return mail will cost should you change your mind. A lot of companies say they offer free shipping, but if you refuse their offer they charge a great deal. Know what you’re up against before you mail anything away.

It is crucial that you understand the gold market before you try to sell any. Look to see what others are asking for when it comes to similar prices. This lets you determine a fair market value starting price point. Ask a bit above it to give room for negotiation.

Before you go with one gold buyer, shop around. The offers may be hugely varied. If you accept the first deal offered to you, you might be sorry. Take a little bit more time at first so you’ve got the maximum return on your gold investment.

A cheap and quick way to test gold is to use a magnet. Precious metals like gold are not going to be attracted to a magnet. Certain pieces have a clasp made of real gold while the remaining parts are plated. A magnet can help test jewelry quickly.

Talk to a the gold party representative to learn how they make karat determinations. Sometimes there is a stamp. Sometimes, however, there is no visual sign, so many representatives have other methods of figuring it out. Acid testing is a very simple method, so if a representative is using this, they might be new.

You must know what investments to make before you actually start investing in gold. There will probably be people saying that they know what they’re talking about just so you’re likely to invest with them. Any claims that promise overnight fortunes must be taken with a grain of salt. Don’t think of gold as easy money, and you can avoid fake claims.

A choice many people use when selling gold is to ship it through the mail. Many sellers enjoy this method due to how simple it is. The company will send a bag for your jewelry and once they receive it back in the mail, they will send you a check. These companies won’t pay the same amount for gold as others though. It’s possible that you might receive an offer that is up to 30 percent less than what you receive from another party.

You should know more about gold now that you’ve read this. Now you should be prepared to make a smart choice as to whether gold is for you. Use this information to make gold investment pay off for you.

Learn All About Gold With These Tips.

During economic instability, people have often found that gold makes a great investment. Unfortunately, dealing in the gold market is not foolproof, making it possible to confuse even experienced gold investors. Continue on into the following paragraphs to learn a few useful things about dealing with gold.

The market price of gold fluctuates daily, and sometimes even more often than that. You ought to know the latest number prior to trying to sell. If you choose to sell gold items, those with differing karat designations ought to be weighed on their own. Never sell any jewelry as gold scraps that’s worth more than the gold itself due to the designer.

When it’s time to sell off gold, you should always deal with trustworthy buyers. Contact your local Better Business Bureau to see if there have been complaints filed against a gold dealer. A buyer with a good reputation will normally pay the going rate for gold, and offer superb customer service than a company than is not legitimate. Protect your invest and look into these companies.

Before buying or selling gold, be sure you are aware of how metals are priced. Silver, gold and platinum prices fluctuate often, and therefore you need to verify spot pricing the day prior to your intended deal. You should be ready to pay a higher percentage for fractional pieces like half ounces and quarter ounces over the melt prices.

While you may be very tempted to quickly send off your old gold scraps and jewelry to a business that buys gold through the mail, do your homework about the company first. You should find out how long the process takes, and get package tracking and insurance on your package, too. Be sure you capture photos of everything you put in the mail.

Think about having your jewelry appraised if you are not sure of it’s true value. Paying a professional to appraise your item is a good investment. In order to have it valued most accurately, go with an appraiser who is accredited and independent. Remember if you sell, you will not receive the full price of the appraisal.

Make sure that you know the current market value of your gold before selling it. This information can be found on various websites, although they tend to fluctuate each day. When you actually go to buy, do not pay more than an eight percent markup over this price. Be on the lookout for any unscrupulous dealers who try to get away with overcharging you.

Be sure the buyer you are considering is licensed by the state to make gold purchases. While you could still get ripped off, a licensed buyer is more likely to be reputable. There are many people who will buy your gold, but some are out to rip you off.

Never pass up an opportunity to search for gold in a thrift shop or antique store. If you are aware of what to search for, you can find bargains in these places. Often people do not realize the value of old jewelry and simply donate it or put it in a garage sale. Their lack of knowledge can be used to your benefit, if you know what to look for.

Nobody can discount how gold has played a vital role in creating substantial wealth among many people, and even to the lesser investor. Being informed can help you to make wise investments. Fortunately, you now have some degree of knowledge along those lines.

Tips For Making Money By Investing In Gold

Gold is a highly prized metal. It has been revered for thousands of years. If you’re trying to figure out how to get into buying gold, or you just want some jewelry, then you’ll find the following tips to be useful.

Scrap gold is an excellent investment if you are working with limited investment money. Use the capital you have and purchase what you can and add to it as money becomes available. However, ensure that you have secure storage for your collection.

When you buy gold for another, make sure it has a return policy. You can’t be sure when jewelry is liked by the other person or if it even fits them. This is a huge problem.

Why not get your gold jewelry appraised if you are not too sure about its current value? It costs a bit of money, but you’ll have a good idea of what your gold is worth. You will want to find someone who is accredited in gold appraisal to get the proper value of the piece. Understand that you’ll be paid less than the appraisal value of your gold by gold buyers, however.

If you take jewelry or scrap gold to local companies that will pay for it, shop around. All stores won’t pay market price for your gold, since they are all in business to make a profit. Local stores that don’t have outrageous overhead may be able to pay you more for your gold.

Consider giving GoldMoney a try for gold purchases. This service is similar to a bank account that holds deposits in bullion rather than currency. You make an account, bank your money, and then you receive gold at the price you chose for your 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.

Don’t ignore thrift stores and antique shops when searching for gold deals. When you know what to search for, you can find great items in these places. People frequently give these things away without understanding their value. Their loss can be your gain.

Before selling jewelry as scrap, have an appraisal done. This tends to be true for pieces that have intricate workmanship and details. You might have to pay a fee to get this appraisal, but it might bring you profit eventually. By taking your jewelry to an experienced appraiser, you may also find yourself with a good lead on a potential buyer.

Talk to the BBB before selling your gold to a jewelry store, dealer or gold buyer. The BBB has information about each business including any complaints or reviews from others who have used their services. Pay special attention to any complaints and if they were resolved or not. If the number of complaints is high, it would be a wise decision to do business with a different company instead.

Physical Bars

You don’t actually have to own physical bars, coins or jewelry to profit from gold. You can buy gold shares in an ETF, a mutual fund with a focus on gold, or in gold mining equities. If you decide to buy physical bars or coins, remember to consider how much it costs to store the gold securely.

You know more about gold after reading this article, and can appreciate its world wide popularity. It is a great way to invest your extra money. Use all the valuable tips learned here so you can make wise investments in the gold market.

Make The Most From Buying And Selling Gold With These Tips

Gold has been treasured throughout history and still has high value. Everyone loves gold but not everyone knows the best ways to acquire it. If you wish to enter the gold market, keep reading to learn more about it.

Before you get into investing or selling gold, it’s best to understand how it works. The prices of metals like platinum, gold and silver can fluctuate greatly in just one day. Before you do any buying or selling, check the market prices beforehand. Also, understand that some types of gold will be more expensive than others.

Know the current price per ounce of gold before selling your pieces. This will help you set a fair price when you sell or buy. Dealers often assume that people who are trying to sell gold need quick cash and will try to take advantage.

Buy the right gold if you are investing for retirement. For this to be the case, you must ensure that the IRS approves of that type of gold. They require that the gold be coins or bullion bars that are 24 karat. Gold bars tend to hold their value better than gold coins.

If you want to invest in gold but do not have much money, think about purchasing scrap. You can do this over a period of time, say around each pay day, and accumulate a considerable amount of valuable gold within a year or so. Find a secure place for your stash until there is enough for you to cash it in.

Get your jewelry appraised. Even though it is an extra expense, it can be well worth the investment. Make sure that you get a truly realistic value from an appraiser that is accredited. If you continue with your plan to sell, do be aware that you won’t receive the price the piece has been appraised at.

Sell only to gold buyers who are licensed. Most states require that dealers be licensed when dealing with the buying and selling of gold. There are many people who will buy your gold, but some are out to rip you off.

Gold Bullion

GoldMoney can be helpful when purchasing gold. Think of it as a bank account that deals exclusively in gold. You put money into it like any other account, (e.g. a savings account) but it’s converted into gold bullion. You can redeem the gold bullion in one-kilo bars or leave it in the vault and trade it or cash it in.

When you sell your gold, make sure you verify the market price that day. You should shop around to get an idea of what others are offering for similar gold pieces. This way you have an idea of what you can ask for yours. Just make sure to go a little higher than what you actually want so that there is wiggle room for negotiation.

You should research the gold market long before you make an investment. Many people will offer you their own insights and assure you that they’re providing real investment expertise. Nonetheless, you should be wary of high flung promises of wealth. As long as you are reasonable and rational about these claims, you will find it easier to focus on the goal and the best way to achieve it.

Many times earring posts are made of solid gold, even when the actual earring is not solid. Ring bands and the clasps of necklaces usually are, too. Because these pieces do not weigh a lot, try selling them as a “lot.” Selling lightweight gold in a lot will increase your chances of selling them.

Prior to selling your gold to a buyer, jeweler or dealer, check them out on the BBB. They will have basic information about the business listed, along with any reviews or complaints from others that have done business with them. Complaints that have been resolved are actually a good thing, so factor those in as well. If the number of complaints is high, it would be a wise decision to do business with a different company instead.

Gold is an excellent investment since it can easily be traded and retains its good value. It only makes sense that you trade gold because of how its value increases. 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.

Become Skilled In Gold By Trying These Ideas!

If you have long harbored an interest in gold investing but have yet to take the leap, you have come to the right place. If you’re new to it, there’s no reason to be overwhelmed. But, it is important to know more about it before you try to invest in it. Gold investing has many advantages, and you need to know what they are.

Bullion is the best choice if investing in gold. These bars are available in a number of different weights. The weights range from 0.5 oz to 400 oz bars. However, the really big bars are very hard to come by.

Ensure that your retirement investments are approved. It’s crucial that the gold be IRS approved. The gold has to be either coins or bars, of the 24 karat variety. You should be more inclined to buy gold bars, which hold greater value than coins.

Only buy gold jewelry from a seller if they have a return policy People’s tastes are different and you don’t know the whether the person will like what you buy. This is a huge problem.

If you’re going to sell your scrap gold at neighborhood shops, check out more than one. While spot pricing is the national standard, most stores don’t honor it. Stores that aren’t in big shopping malls tend to have much lower rent and may pay more.

You can get varying prices depending on how you sell it. Pawn brokers and private sellers may just want to pay melt value. If you are selling a piece of jewelry, you should pursue a better deal.

Gold Market

Be careful in the gold market. Any market has its bad companies, but the gold market is notorious for having a lot of them. Many people would like to take advantage of your lack of knowledge on gold. Because of this, you need to be extra cautious and really research.

Research the market ahead of investing. There may be people claiming to be market gurus who are trying to lure you into investing with them. When they make huge promises, they can’t keep them. Keep that in mind, and you’ll go into it with realistic expectations.

Do not sell any jewelry solely for its gold content without seeking an appraisal. This rings true especially concerning pieces that are one-of-a-kind. You may have to pay for the appraisal, but it might help you get more money. Appraisers might be aware of parties interested in your jewelry.

Gold investment covers a lot of different options besides acquiring and holding the metal itself. Buy shares in traded or mutual gold funds or invest in some gold mining stocks. Before you buy bars and coins, you must also consider how much it will cost to store your gold.

Gold is a very volatile investment. If you cannot tolerate ups and downs, look elsewhere. 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. In most cases, 5 percent is sufficient.

Before buying gold, know your dealer. It’s always a wise decision to check to see if a company has any complaints on file with the BBB, prior to giving money to any company. Get in touch with the BBB to find information about which complaints, if any, have been filed. Upon learning of numerous complaints, it’s best to look elsewhere for services.

Now you have all the information you need to get started. If you are going to invest in gold, use the tips that you learned from this article. You will start seeing the benefits from investing your money in gold.

Want To Get In On The Gold Rush? Read This!

If you have wanted to make a gold investment before but have not done so, you are in the right place. You need not feel intimidated, as the knowledge of this article is power you can use. Investing in gold offers many positives, and knowing what they are is key.

Gold prices change all of the time, so make sure you are aware of the value before you try to sell any. If you choose to sell gold, weigh and value pieces that have different karat values separately. Don’t sell jewelry that is more valuable due to maker or designer.

Before you buy gold, be sure you know exactly when it will be delivered to you. If the seller delays delivery, you have to get a written confirmation on when the expected delivery date is. The date on which you can expect to receive the items should be provided. Don’t not follow through with the purchase unless you have this in hand.

Don’t have much money? Invest in scrap gold. This can be done bit by bit. For example, you might invest a bit each payday to amass an impressive collection of gold as time passes. Keep your collection safe until you have an sufficient amount to cash in.

When buying gold jewelry for another, make sure you can return it. People’s preferences in jewelry are different, and the piece might not fit the person. It’s always a good idea to be able to get your money back on a jewelry purchase if it doesn’t work out for you.

Realize that all items containing gold have some sort of resale value to dealers. Examples of saleable items include broken jewelry, spoons, forks, household goods, etc. The purity doesn’t even have to be 100%. Plated gold will do. You may still get a little of your initial outlay back.

Melt Value

When it comes time to sell your gold, figure out if you would like to sell it for its melt value or simply as a piece. If you are selling to pawn shops or most private sellers, expect them to offer the melt value. If you want to sell your gold as a jewelry item, you should keep looking for a good buyer.

If you are shipping jewelry, be certain you find out how much it’s going to cost to get your pieces back if you fail to accept their offer. The majority of companies pay for you to send the jewelry to them, but they charge high fees to return it to you. Know what this cost is before you mail your items.

Don’t sell to entities that are not licensed by the state to buy gold. They are likely to be honest. Lots of shops or individual operators are willing to purchase gold, so you should never feel you need to go with the first offer you get.

Understand what you really have. A lot of the time, gold isn’t really worth what it looks like it’s worth. A lot of the time there will be something mixed with the gold so it holds up better. This actually lowers the price of the gold. This applies to gold plated items as well. If you don’t know how much your gold is worth, then it would be wise for someone to appraise its worth if you intend on selling it.

Don’t sell your items to the first buyer you come across; always get a few quotes. You might get surprisingly different offers that reward your patience. Going to different places will allow you to weigh your options and go with the best deal. It can also help you to negotiate if needed. Get the most money for your gold by spending time to comparison shop.

Gold has gone up by four hundred percent in the last 10 years, which is great news for gold owners. Investing in gold depends on how good the dollar is doing. Generally, a weak dollar equals strong gold prices.

Now you have all the information you need to get started. Gold investment is still gaining in popularity, and you’ll be in an excellent position to get into the field with the knowledge you’ve just gained. With a few smart decisions and a little effort, you can make your gold investments pay off in a big way.