Author Archives: Ashley Whitfield

Have Questions About Gold? Get Your Answers Here

The value of gold continues to increase as other types of currency fall. It’s a great investment when you need stability. However, there are things you need to know. The tips in this article come from experts in the field, so you will benefit greatly from reading them.

Have an understanding of gold prices. Gold, along with silver and platinum, have prices that change on a whim. Therefore, you must always know what the spot price currently is. You must to pay a premium to the melt values if you’re buying less than one ounce pieces.

You should think about scrap metal if you want to invest in gold without hitting the markets. Use the capital you have and purchase what you can and add to it as money becomes available. Store your scrap gold in a secure location until you are ready to sell it.

Try a site like GoldMoney to purchase gold. It is almost like opening a bank account for gold. You just sign up for your account, fund it and then you will be assigned gold. The gold physically sits in a bank vault where you’re able to portion it, cash it, or in certain circumstances, redeem it for one kilo gold bullion bars.

Don’t brag about your gold purchases, no matter how excited you are. You really don’t know who can be trusted when it comes to your investments. Make sure that your investment is kept private and kept safe. This will ensure your gold has protection no matter what.

Do your homework about the market value of gold before you sell. Look to see what others are asking for when it comes to similar prices. This is a price point that you can work with. In order to be able to negotiate, you ought to give a price above the amount you really want.

If you’re at a gold party you should speak with the person in charge so you can figure out what karats are in the jewelry. Often, the item will be stamped. If there is no stamp, there are different ways to test the gold to ensure it is solid. A representative using acid tests is a sign of a less-experienced gold agent, as this kind of test is not one of the more surefire methods for karat determination.

There are many options available to individuals looking to purchase gold as an investment. You have the ability to invest in mining stocks or exchange traded funds that have an emphasis on gold. If you opt to buy gold coins or bars, you should consider how you will store your gold.

You can sell gold by mailing it to a buyer. A lot of sellers prefer this process due to the simplicity. You get a prepaid envelope, you put your jewelry in and you ship it off, only to get a check in return. Keep in mind that most of these companies do not pay as much money as other places. In some cases, you could get about 30 percent less for an item, so just be aware.

Research anyone who is buying gold from you. If you’re selling your gold through the mail, this is even more important. Always consult with the BBB (Better Business Bureau). They should have records for large gold buyers, and you’ll be able to see whether or not they have a reputation for treating their customers fairly.

There is a good reason that gold sales and purchases remain popular with investors. Gold prices continue to go up, making it a solid investment. You must know the ins and outs of buying gold, though, if you don’t want to be taken advantage of. Go over this article again to gain proper understanding of everything you have just learned in order to get maximum value when looking to buy or sell gold.

Gold 101: Tips And Advice For Buying And Selling

Gold continues to rise in value when other forms of currency are falling. This makes it a good investment, as well as a great tool to use if you’re in need of cash. There are a number of things you must keep in mind when it comes to gold investing. You will benefit from buying and selling gold when you put this advice to good use.

When you sell gold, get multiple estimates of its value. There are a large number of venues for selling your gold, and they each have different target margins. By seeking multiple estimates, you are able to determine whether an offer is truly fair.

Gold is something that changes in price all the time. This is why you should know what it’s worth prior to selling. 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.

Go with a legit buyer if you’re selling gold. Look them up using the Internet and the Better Business Bureau to find reviews. A buyer with a good reputation will give you good service and an equitable price for the gold you are selling. Protect your gold investment and yourself.

Always check out the up to date market value for gold before you seek your gold jewelry. This can help you discern whether you’re being offered a good price or not. Dealers often assume that people who are trying to sell gold need quick cash and will try to take advantage.

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. A lot of companies say they offer free shipping, but if you refuse their offer they charge a great deal. Understand what you will have to pay if you don’t like their offer. Protect yourself.

Try using GoldMoney to buy gold. This is the equivalent of establishing a gold bank account. All you do is set up the account, deposit funds, and then you are assigned gold to your account. Your gold sits in a vault until you decide what you wish to do with it next.

Do your research before selling gold. Check out the competition and what they are offering. This is a price point that you can work with. Always start a little higher that what you are actually hoping to get, so you have room to negotiate.

Shop around before making any decisions about a gold buyer. You might just be shocked at the spread of offers you wind up getting! If you accept the first deal offered to you, you might be sorry. Taking your time can really end up getting you the best deal out there.

Talk to the BBB before selling your gold to a jewelry store, dealer or gold buyer. They will have basic information about the business listed, along with any reviews or complaints from others that have done business with them. Take a close look at complaints, and look to see if resolution was achieved. If there are many unresolved complaints, or a huge number of overall complaints, think about giving your business to someone else.

Before you try to sell any gold items, you’ll need to separate the pieces depending on the karat weight. This makes selling it much easier and prevents the vendor from trying to scam you. This of course results in fewer dollars for you. Rather, approach the vendor with separated piles in order to maximize your profit.

Figure out what the buyback policy of the seller is. Certain gold buyers charge premiums for re-selling your gold, though not all do. When you are thinking about sending hefty gold bars or pieces to non-local dealer, consider the logistics. For safety’s sake, never allow your dealer to retain physical custody of gold that you have purchased.

Gold has been a popular investment for the last few years, for very good reasons. Gold keeps growing in value, providing terrific returns. You should become educated about the gold market before investing in it. Keep this article in mind to make the most of your gold purchase or sale.

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

With the current state of the economy and value of the dollar, many people are investing in gold. If you’ve been thinking about delving into the world of gold, the following information is definitely for you. Keep reading to find some wonderful ideas.

Bullion bars are a great way to invest in gold. Bullion bars come in a variety of weights. You can find them from a half ounce all the way up to four-hundred ounce bars. If you want a 400 ounce bar, you may have a hard time finding one.

Delivery Date

Before you buy gold from gold sellers, ensure you have scheduled a quick delivery. Be sure you have your delivery date in writing. Immediate delivery is best. Their expected delivery date should be indicated. Do not finalize your order until you receive written confirmation.

Always check out the up to date market value for gold before you seek your gold jewelry. That will help you determine whether or not a dealer is actually offering you a good price for your pieces. 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.

If you plan to invest in gold as part of your retirement plan, be sure to do it wisely. Gold needs to be IRS-approved. Examples of approved gold is bullion bars or gold coins. Since gold bars are worth more than coins, it is best to buy them instead.

When selling gold, you must decide whether you’re selling a piece for its melt value or just jewelry. The quickest way to sell off gold (and the one many dealers and pawnbrokers prefer) is for the melt value. Selling your unique gold pieces to a collector can end up netting you more money.

Have all jewelry appraised before selling it as scrap gold. You may have pieces that are worth more than their weight in gold due to historic or artistic value. Appraisals cost money, but often are a good investment. Appraisers also may know of an interested party for your precious jewelry.

Be sure to choose a solid dealer with a good history. The Better Business Bureau can help you determine whether you are dealing with a credible, honest company. Doing this will help you find any complaints lodged against the dealer. If a dealer has complaints files against him, go with another one.

Know how to test the grade of gold if you are investing in gold. The term, karat, is used to refer to the purity of gold. Twenty-four karat gold is the purest form of gold and is the most expensive. Don’t just rely on the karat stamp. When you know how to test gold, you’ll ensure that you get good quality.

Only deal with gold buyers you have researched and approached on your own. That is important, especially when you are mailing in your pieces to someone out of state. Companies purchasing gold are generally listed with the BBB. You are able to see any complaints filed here.

You can often find a good price on gold by purchasing old gold jewelry from 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.

Know what you want before you invest in gold. Gold may make a volatile investment; however, it can be good insurance against inflation. If you limit your risk and have set goals, you are more likely to profit.

Make long-term gold investments. This means you rarely invest when prices are high. All investments should be looked at this way. If you buy in both positive and negative times for gold, you will get a cheaper overall price.

Nearly anyone these days knows that gold is historically a good place to store and accumulate wealth. When the economy is bad, gold is more valuable. These tips will help you make the most of your gold investment.

Get Started In Gold With These Great Tips

Many people have turned toward gold investing because they want a safe place to put their money. Investors need to consider many things, however, and many people lack the right knowledge. Below you’ll find some useful tips that can make you a much more intelligent gold investor.

When you sell gold, deal with a reliable buyer. Check with the BBB and look at reviews online before you sell your gold to a buyer. Reputable buyers usually pay fairly for gold, and they often have much better customer service versus the less reputable ones. Do your homework in order to safeguard both you and your financial investment.

Check the return policy before you buy anyone a gift of gold. You can’t be sure when jewelry is liked by the other person or if it even fits them. If this happens, then you need to be returning the piece in question for a refund.

Think about having your jewelry appraised if you are not sure of it’s true value. 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. Remember, though, that you won’t get the appraiser’s price for your gold.

Check the prices of golds the day you plan to buy. This can be seen at numerous websites, but keep in mind it can often change. When going to buy the jewelry, you should not have to pay higher than 8% markup over the spot price. Some will attempt to charge even more, but that isn’t ethical.

An inexpensive and simple way to see if an item is gold is with a regular household magnet. Precious metals, such as gold, are not magnetic. There may be times when an item of jewelry has a solid gold clasp, but the rest of the item is only gold plated. This can be a useful method of testing for that.

Talk to someone at any gold party to determine how they decide a piece’s karats. In most cases, the item is simply stamped. In some situations, though, no visual sign presents itself, so there are other ways of determining it. Dealers using an acid test may be newcomers, as this is a very basic test.

Remember to research the gold market prior to investing any money. There may be people claiming to be market gurus who are trying to lure you into investing with them. But, be wary of get-rich-quick promises. Avoid such talk and thoughts so you can avoid unrealistic expectations of what gold can do for you.

Don’t sell your gold just because you feel it would get a good price. Gold is always increasing in value, so don’t sell it unless you really need the money. Holding onto the gold you own is going to be beneficial to your future.

Gold Purity

When you’re buying and selling gold, especially jewelry, knowing how to determine grade is very important. Karats are used to measure gold purity. The higher the karat, the purer and more expensive it costs per ounce. Don’t just believe the karat value expressed by the karat stamp. You won’t pay too much for poor quality when you know the methods to testing gold purity.

In order to help get the best possible deal for your gold, make sure you know who the buyer is that you will deal with. This is critical when a mail away service is being used for your gold purchase or sale. Gold purchasing firms ought to have a BBB listing so you will be able to determine whether any complaints have been filed.

If you are considering selling your gold online, double check the prices before moving forward. It’s not uncommon to find a gold-buying business in your own town that will pay you more. Mailing may be convenient; however, you may also be losing quite a bit of money.

The interest about gold markets shared by so many gives no indication of slowing down. However, it is wise for investors to carefully research the market before venturing into unknown territory. Remember the information in this article to acquire real wealth.

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

Gold will increase in value as other currencies fall. Thanks to this increasing value, gold is a great place to invest your money and a useful tool for managing your finances. There are a number of things you must keep in mind when it comes to gold investing. The following information will help you understand more about what you need to know about gold investing.

Gold bullion bars are great investments. They come in varying weights. They can be found in sizes as small as a half-ounce or as large as four hundred ounce bars. If the 400-ounce bars interest you, you’re going to have a hard time finding them.

If you have no idea what your gold might be worth, than an appraisal is a good idea. The up front cost is significant, but it can give you a better estimate of value. Make sure you go to an accredited and reliable appraiser to get valid appraisal papers. If you’re going to sell the gold you have, you’re not going to get the appraisal value.

Gold Market

Do not be overly aggressive when dealing in the gold market. The gold market can have many bad companies out there. You must be diligent and do your homework. Doing a good amount of research will ensure that you are getting the very best deal.

Be aware of the true value of your items. 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. Gold-plated items apply the same principle. If you don’t know what kind of piece you have, take it in to be looked at before you try and sell it.

Before selling your gold, comparison shop. You may be surprised at the differences in the offers that you’ll get! If you stick with your first buyer, you could get a terrible deal. Think about this ahead of time so that you can put the most money inside your pocket.

Ask the gold party representative about how the gold’s purity in karats is determined. A lot of the time you’ll find a stamp on the item. Sometimes, however, there is no visual sign, so many representatives have other methods of figuring it out. Acid tests are an easy way to determine value.

Fine Print

Read the fine print of your sales contract. If you use any of the abundant mail-in gold buyers, study the fine print carefully before making the sale. This way, it will be clear how much you are paying in fees.

Have jewelry appraised prior to selling it to anyone as scrap gold. This rings true especially concerning pieces that are one-of-a-kind. The appraisal isn’t free, but it can boost your selling price. They may even give you a reference to a buyer.

It is possible to sell your gold online and send it to a different state. A lot of people who sell gold prefer this simple option. You are given an envelope that is prepaid and you pack your jewelry into it. After a while, a check comes to you. Just keep in mind that such firms usually don’t pay that much for your jewelry, as compared to other options. Keep in mind that you could be looking at a return of 30% less than other options.

Gold has been a popular investment for the last few years, for very good reasons. The values always go up and the returns are amazing. Be sure you’re thinking about tips concerning buying or selling when you are about to put your mark on the market. Keep the information shared here in mind when making any future gold investments so that you can try to avoid mistakes, and profit from your venture instead.

Get The Most On Your Quest For Gold Information

Gold fluctuates in value, but the trend remains an upward one. Precious metals like gold always have a market for trading, selling, and buying. The value of precious metals usually increases during financially difficult times. Keep reading to learn more about the gold market.

Gold’s price is always changing, which makes it important to know your piece’s value before selling it. Don’t forget to take into account the different karat values of your gold pieces. Don’t sell jewelry that has an increased value because of the design or the creator.

Gold Broker

Make sure you research any gold broker you do business with. You want to work with a reputable gold broker. Check online reviews, BBB.org and their websites. By getting bids from several different gold buyers, you will be more likely to get top dollar for your gold.

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. It is impossible to tell if a jewelry item will be well liked or suitable. If that should occur, it is important you can return the piece for a full refund.

Melt Value

When selling jewelry, be aware that most gold buyers will only pay you on the melt value. Some buyers, including a lot of private sellers and pawn shops, only care about melt value. Don’t let this discourage you, because you will eventually find the buyer you are looking for.

It’s always a good idea to verify the spot price before making a purchase the same day. This price changes every day. You can locate it on several different websites. When purchasing, don’t pay greater than 8% markup above the spot price. Many dealers try to overcharge you; however, by being informed you can avoid this trap.

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. They may not charge you to send it to them, but they could gouge you to send it back. Be sure that you find out ahead of time how much it will cost to get back your jewelry.

Be sure to have your jewelry appraised before you decide to sell it. This is especially true for one-of-a-kind pieces like jewelry with intricate details and workmanship. You might have to pay a fee to get this appraisal, but it might bring you profit eventually. They may even give you a reference to a buyer.

You don’t have to have gold in hand in order to invest it. You can put your money in a gold exchange traded fund. You also buy stock in a gold mining company. There are also mutual funds that focus on gold. For those that want to buy real gold, make sure you think about how you are going to keep the items safe.

Clearly, gold provides a reliable measuring stick for the economy. To get the most from this commodity, you need to understand it and know how to make it work for you. Put these tips into action as you work to master the market for gold.

Expert Advice On How To Increase Your Knowledge Of Gold

The value of gold keeps increasing since more people see this precious metal as a safe way of solidifying their wealth. If you are interested in making the most of the opportunities presented by gold, this article is for you. Read on for some excellent advice.

Sell your gold online. You don’t need a storefront to buy and sell gold. Just visit a reliable website that will buy your gold. You can get a kit to send your gold to these websites for money. If they accept the pieces, you will receive their prevailing rate.

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 can still buy gold jewelry without spending a fortune at a store. Try visiting a pawn shop or looking online instead.

Check the current price in the gold market before you sell your jewelry. Doing so will help you figure out if a dealer’s offer is a good one or not. Dealers will charge you a premium on top of market value so they can make some money too.

Consider a fair return policy as an absolute necessity when you’re purchasing gold jewelry, especially if you intend to make a gift out of it. You never know if the jewelry will fit someone else or if the person will even like it. Because this isn’t rare, it’s crucial that you have the ability to return the jewelry for a refund if it’s necessary.

Melt Value

If you are looking to sell gold, the first thing you need to figure out is if you’re going to offer it up as an entire jewelry piece, or seek the melt value. Most pawn shops and gold buyers will purchase your gold jewelry for melt value. Try not to be discouraged. Sooner or later you will discover the purchaser you are seeking.

When dealing with gold commodities, proceed with caution. Several markets have bad companies, but gold is notorious for containing many. There are plenty of honest dealers; however, there are also people who are only out to steal your personal information. Doing a good amount of research will ensure that you are getting the very best deal.

Do not sell your gold for scrap until you have it appraised. This is particularly important for unique pieces with detailed craftsmanship. Although you may be charged a fee for the appraisal, it may earn you more money in the long run. In addition, appraisers may know people who may be interested in your jewelery.

You don’t have to own gold to invest in it. For example, many people purchase investments in gold mining corporations and mutual funds primarily made up of precious metals. For those that want to buy real gold, make sure you think about how you are going to keep the items safe.

Before selling gold, separate everything by karat. Some buyers will weigh all your gold at once and offer you what the smallest karat weight is worth. This will result in you receiving less money. Instead you should go in with pre-separated piles to make the biggest return.

There are many different companies that you can mail your gold into. Although this process may be easier, you may not earn as much money. Oftentimes you will be provided with a prepaid envelope and will receive a check in the mail. Although this method of selling your gold is convenient, you might not get top dollar for your gold. Sometimes, you may get 30 percent under the value’s worth, so keep an eye out for this.

There are few people that do not understand gold’s role in stockpiling wealth. A lot of people decide to invest in gold in order to secure their savings. Apply the tips you just read and do more research before investing in gold.

Golden Advice On Dealing With The Ultimate Commodity

Gold is always valuable and the fluctuations of this precious metal are easy to predict. If you are wondering how to participate, understand that you are able to buy and sell this precious metal as well as anyone else. Keep reading to learn how to profitably invest in gold.

Bullion bars are usually the safest way to invest in gold. They come in weights that vary. From .5 ounces to 400 ounces, the choice is yours. For the record, four hundred ounce bars are very difficult to find.

Sell your gold online. You don’t have to go to a physical location to sell gold any longer. There are dozens of reputable websites where you can buy and sell gold. Simply contact the site you wish to do business with, and they will send you the packaging material to ship the gold you want to sell. If everything is okay, they will pay you whatever their current rates are.

Arrange for delivery of your gold at the time of purchase. Always get a timeline in writing of when your gold pieces will be delivered if immediately delivery is not provided by the seller. The date on which you can expect to receive the items should be provided. Only make the order if you have such a document.

Buying gold can be exciting, but you might not want to tell a lot of people about it. You cannot put your trust too easily on people. Keep your investments personal and protect them at a safe or bank. That will help protect your gold and you at all times.

Do not discount the value of searching through antique stores or thrift shops for your gold. If you know what you are looking for, there are bargains to be found in such places. Many people donate or sell to these places at low prices because they don’t know what they own. If you conduct research, their loss can turn into your gain.

Gold Market

Be careful when dealing with the gold market. The gold market can have many bad companies out there. Lots of folks are willing to steal right out from under you. Always err on the side of caution, and fully research every option before taking it.

Look around before buying from a particular gold buyer. The offers may be hugely varied. If you accept the first deal offered to you, you might be sorry. Take a bit of extra time upfront so that you have the most cash possible in your pocket.

Knows all the details in a gold sales contract. If you choose to sell your gold through one of the many mail-in gold purchasers, carefully read the fine print before selling your gold. There are going to be some fees and commissions to consider, and you don’t want them to be too steep.

Get a jewelry appraisal before you consider selling it for scrap. You definitely want to have jewelry with beautiful details and crafting well looked over because the value could be much higher. An appraiser will charge you a nominal fee, but it is an expense worth paying if your piece is unique and valuable. Appraisers might be aware of parties interested in your jewelry.

After reading this article, your mind should be brimming about ways you can start selling, buying or trading gold. Hard work, good research and smart investments help you make profitable decisions. Apply the advice from this article and lay the foundation for a profitable experience.

Unlock The World Of Gold By Following These Simple Tips

There are quite a few people who believe that gold investments are a safe place to put money. Perhaps you are thinking about joining in but aren’t sure where to begin. Now is the time to start expanding your gold-investing knowledge. This article will give you tips on investing in gold.

When you sell gold, you should obtain a type of estimated value from multiple sources. Different places that buy gold will have different price ranges to offer. Therefore, it is wise to get several offers to ensure the best price.

Gold prices change all of the time, so make sure you are aware of the value before you try to sell any. 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.

Reputable Buyer

Stick with a reputable buyer when selling your gold. Check BBB.org to find out more about the firm. If you are being offered good customer service and an honest price for the gold, then you are dealing with a reputable buyer. Do your homework in order to safeguard both you and your financial investment.

Learn how precious metals are priced before you trade in gold. Gold, along with silver and platinum, have prices that change on a whim. Therefore, you must always know what the spot price currently is. You must to pay a premium to the melt values if you’re buying less than one ounce pieces.

Always make delivery arrangements before purchasing gold from a vendor. Delivery times are important. If your seller doesn’t offer delivery immediately, you need written confirmation of when to expect your items. Make sure that a specific date is listed within this writing. Only go through with your order if you obtain this document.

If the gold price is not to your liking, perhaps going with gold-filled or gold-plated jewelry is something to consider. You still can get gold jewelry items without spending a lot at a local jewelry store. Find cheap gold in pawn shops or online.

Fair Price

Look at the spot price of gold before selling. That way, you will know if you are being offered a fair price for the items you have. Dealers typically give a fair price, but there are some unscrupulous ones out there. They may take advantage if they think you want to unload your piece fast.

When selling any gold, you have to decide if it will be as jewelry or for its melt value. You will only get melt value at pawn shops or with most private buyers. If you’re prepared to put more effort into locating a buyer, though, you may make more by selling your pieces as jewelry.

Confer with the gold party rep to determine the method used for judging karats. Frequently, the gold piece will have a stamp on it. A visual cue may not be available so other methods are used to figure it out. If a buyer uses acid testing, it’s an indication they are a newer business.

Earring backings are often solid gold, even when the earrings are not. Many rings and clasps for bracelets and necklaces are gold too. These pieces don’t weigh much, so try selling them all as a “lot.” That means they are collected into an assortment that can bring a better price together.

Before selling your gold, contact your local Better Business Bureau. You can usually find out about complaints and customer reviews. Pay special attention to any complaints and if they were resolved or not. A multitude of unresolved complaints is a good indication you should do business elsewhere.

Investing in gold is not just for the smart seasoned investor, rather it can be for anyone looking for a safe place to put their money. You should now be more confident with your decision to go with gold after reading through the tips presented here. Keep these tips in mind as you go along.

Using Gold For A Better Quality Of Life

You must learn the ins and outs of investing in gold before you talk to a broker. It is not so simple that you can just dive in, but having all the information you need prevents it from being too complicated. This article can help educate you about buying gold as an investment.

When you sell gold, you should obtain a type of estimated value from multiple sources. A lot of services and jewelry stores are out there, and they will usually vary in how much they profit. Getting multiple estimates helps you get a fairer price on your gold when selling it.

It is important to only do business with people who have a good reputation. There are several ways to find out about their reputation, such as online reviews or Better Business Bureau filings. Reputable buyers offer great customer service along with fair prices. Do your homework in order to safeguard both you and your financial investment.

If you’re selling gold through a mail-in service, do your homework on the company and its policies before you make a commitment. Ensure you understand the reimbursement terms, and don’t neglect to purchase postal insurance for the package. Also, make a photographic inventory of every item you send.

If you buy gold for your retirement fund, be sure it’s the proper kind. It has to be given the stamp of approval from the IRS. Only 24K coins and bullion bars are eligible. Over time, gold bars appreciate better than gold coins.

Containing Gold

Realize that all items containing gold have some sort of resale value to dealers. You could, for instance, sell some broken jewelry, some tableware, gold coins or many other objects. Solid 24-karat gold isn’t the only type that dealers are interested in, either. The items can be gold-plated or made of an alloy containing gold. You can still find a nice return on the sale of it.

If you think you’re going to mail off your jewelry, you should see what it’s going to cost to have things mailed back if you don’t like 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. Find out how much you will have to spend in order to get your gold back if you decide not to sell it for the price offered.

Do your research before selling gold. Compare the prices offered by different buyers. That allows you to get an idea of the market value. Always ask for a bit more than you really want in order to allow for negotiation.

A cheap and quick way to test gold is to use a magnet. Gold and other real precious metals aren’t attracted to magnets. Check the chain as well as the clasp for an accurate reading. The magnet will tell you the truth.

Separate your gold into groups based on karat values. When you try to sell your gold as one large group, the seller might attempt to weigh everything at the karat weight that is lowest. This is a scam that will cost you money. So keep each piece separated to ensure you get the most you can.

Gold Dealers

Look at every form you need to sign when working with gold dealers. Gold dealers have to protect their investment. It’s best to pay attention to what you’re signing your name to. If any of the terms bother you or cause you hesitation, walk away from the deal. You must protect your finances at all costs.

After learning more about investment in gold, you need to use that information. This information can help you invest in gold, whatever your strategy. Gold can be a good supplement to your other investment vehicles. Join the gold rush!