Author Archives: Ashley Whitfield

Top Pointers To Help You When Dealing With Gold

Do you know anything about gold investing? Do you feel new to it all? Have you been trading for a while but feel you need more knowledge? Whatever the case, the following article has helpful tips. Nearly everyone can take away something from the following tips. Read on.

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. Understand that you will likely pay a higher price for fractional pieces. A half an ounce, for instance, will not exactly cost one half the price of an ounce, it will be slightly higher.

Think about using the Internet to sell gold. Visiting a broker to make a gold purchase is no longer required. There are quite a few websites out there that will buy it. You will get a kit to return gold. If everything is together, you’ll get paid their going rate.

Find out what the terms are before mailing off your old, broken jewelry. You should find out how long the process takes, and get package tracking and insurance on your package, too. Last, but not least, photograph each item you are sending via mail so that you have recourse if a dispute occurs.

Return Policy

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 have no idea if the person for whom you are purchasing the piece will like it or if it will fit. By ensuring that the dealer offers a return policy, you can help protect yourself.

Be cautious. There are many swindlers to be found in the gold market. There are quite a few people out there that would just love to dupe you out of what you are really owed. Doing a good amount of research will ensure that you are getting the very best deal.

Use a magnet to test inexpensive jewelry to determine if it consists of steel. If it is a true precious metal, it will not adhere to the magnet. Sometimes the clasp of a piece is solid, however the rest will be plated. Magnets will let you tell the difference.

Research how the gold market is doing before investing. There may be unscrupulous dealers claiming to be experts in order to get you to invest with them. However, you should be leery of anyone who promises you wealth. Don’t think of buying gold as a means to overnight riches, and you will never end up being disappointed.

Fine Print

Make sure you read fine print in any sales contract to a full understanding. If you’re using a mail-in gold program, read all the fine print prior to committing to the deal. This helps you understand what you will have to pay in fees and commissions.

Before you sell your gold as scrap, it is wise to have it appraised first. This is particularly true with pieces that have intricate details with considerable workmanship. Appraisals cost money, but often are a good investment. This is also a great way to locate buyers who might be interested in your gold.

Earring backs are often solid gold when the earring isn’t. Necklace clasps and bands to rings are usually real, too. Since these items are so small individually, it’s best to sell them together in a larger lot. This just pulls together a number of gold pieces as a quantity, which might help you make a little more money.

Now that you know how to buy and sell gold, you get to jump into the market with confidence. Gold prices are volatile and there are risks involved so don’t expect to earn a massive profit immediately. Learning all that you can is what will help you to become successful.

Mine These Tips And Tricks For Success In Gold

Many people love gold but don’t know much about it. Lack of knowledge makes it difficult to take full advantage of all of gold’s benefits. If you’re interested in learning more about it, continue reading for some great advice.

Before you buy gold from a dealer, get a guaranteed delivery date. If you don’t get delivery immediately, get something in writing which confirms delivery of your pieces. You should be provided with the estimated date of delivery. Do not complete the order unless you have this in writing.

If you buy gold for your retirement fund, be sure it’s the proper kind. Gold as an investment must be designated as approved by the Internal Revenue Service. They must be 24 karat bullion bars or coins. Because they hold their value, buy gold bars instead of gold coins.

If you don’t have much money to invest in gold, you could start by purchasing scrap jewelry pieces. Invest small amounts of money in scrap gold. After a few months, you will have accrued a significant store of gold. Stash your gold in a place that is safe so that you can cash it in later.

Only buy gold jewelry from a seller if they have a return policy It’s entirely possible that a particular piece ends up being improperly sized or simply unappreciated by its recipient. If this happens, then you need to be returning the piece in question for a refund.

Sell to licensed buyers only. Most states require that dealers be licensed when dealing with the buying and selling of gold. There is a lot of competition out there, so you can sell to someone else if you’re not happy with the first offer.

One quit and cheap method of finding out whether or not gold is real is to use a magnet on it. Precious metals, gold included, are not magnetic. Often the clasp of a piece is real gold, while the rest of the piece is just plated. That’s a great way to make sure.

If you’re going to sell your gold to an organization, make sure you look up their BBB rating first. You can find out about certain businesses and experiences so that you can move forward from there. You definitely want to notice any complaints, whether resolved or not. If the purchaser has any unresolved complaints, steer clear of them.

The gold market involves many different areas that you could invest in. You could buy stocks in a mining company or shares in a gold ETF. If you’re buying bars or gold coins, think about the cost storage when making your purchase.

Gold is usually a good investment, but there are no guarantees. If you do not have the stomach for quick jumps up and down, stay away. However gold is perfect for long term investments. Because of the volatile market, only a small amount of your portfolio should be invested in the gold market. 5% is a good amount.

As was discussed, gold is one of those things that most love, but very few know how to invest in it. But after reading the tips in this article, you should have a better understanding on this subject. Take this knowledge and use it to help you make wise gold choices.

Become Skilled In Gold By Trying These Ideas!

The buying and selling of gold is something that has piqued the interest of more investors than ever before, primarily after the onslaught of shaky economic times across the globe became apparent. Sadly, many folks jump into the gold markets before they know enough to make good choices. Keep reading this article to learn what gold can do for you.

When entering the gold market you will want to have an idea on how the precious metals prices are determined. Prices of precious metals fluctuate everyday, so pick a day to check on the spot price before you buy or sell. You might need to pay a higher percentage for melt values such as 1/10, and 1/2 fractional pieces.

Understand that gold dealers are interested in all gold items. That could be broken pieces of jewelry, tableware, home decor, or anything else you have around. Mixed metal items can be sold as well. It could be part of an item that’s gold, or just gold-plated. You will still receive money from the sale of these items.

Find out the spot price for gold on the day that you’re planning to buy. You can see it on various sites and it usually changes every day. Paying for gold that is any higher than an 8% markup is not a wise investment. Some sellers try charging more, but that’s overcharging, which is generally unethical.

Try using GoldMoney to buy gold. It’s like opening a bank account, but for gold. You establish your account and deposit your money, and they assign you a certain amount of gold equivalent to the value of your initial deposit. Instead of keeping up with the gold in your own home, it is stored in a secure bank vault. You can cash it out, divide it, or redeem it.

As exciting as buying gold can be, avoid telling people about it. Anyone could be listening at any time, and you cannot trust everyone. Keep your investment to yourself and under lock and key, either with a bank or in a good home safe. This protects you as well as your gold.

Gold Market

Do not be overly aggressive when dealing in the gold market. There are always a few bad apples in every market, and players in the gold market are no exception. Many people would like to take advantage of your lack of knowledge on gold. Make sure to be careful and do your homework.

You should rely primarily on independent, personal research to learn about the market for gold before investing in it. You will find that there are fraudsters waiting at every corner wanting to take you for a ride. But, beware of over the top promises about getting wealthy. Don’t think of buying gold as a means to overnight riches, and you will never end up being disappointed.

A lot of times, the earring posts are made from solid gold even though the earring may not be. This is true of earring backings, necklace clasps and the bands of rings. 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.

Gold Prices

Gold prices have increased substantially during the past decade, making it a great value investment for anyone dealing in it. Whether this is a good time to buy gold or not is an unknown, but depends mostly on whether the dollar rises or falls. Generally, a weak dollar equals strong gold prices.

Be sure to find out about a buyer who may purchase your gold in order to be protected. This is crucial when dealing with any buyer who is out of the state. 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 are many people who are happy about their investments in the gold market. It is all too often the case, though, that an insufficient knowledge base prevents them from really using gold trades to their best advantage. Hopefully, this article has provided helpful advice to those who want valuable information.

Seeking Knowledge About Gold? You Need To Read This Article!

It is possible for anyone to be successful in the gold market as long as they can access quality information at the outset. If you are thinking of becoming a gold investor, continue reading. If this interests you, read the tips here to make you a better buyer or seller of gold.

When you sell gold, get multiple estimates of its value. There are many buyers who purchase gold, but prices vary from one professional to the next. If you’re able to work with a couple of different places, you can see if you’re getting the best deal.

When investing in gold, bullion bars are the best way to go. There are numerous sizes available. They can range from a half an ounce to bars that weigh four-hundred ounces. The larger bars can be very difficult to find.

Research several gold buyers and compare them to obtain the best price for your gold. Read online reviews, check with the BBB, and see how the dealers resolve complaints. Also get more than one offer for your gold. This will ensure you get the best possible price.

If you are thinking about selling some of your gold jewelry, know what the going market price for gold is. Gold dealers cannot scam you out of money when you are informed about the value of your items. Lots of dealers offer market value, though some try to take advantage of the sense of urgency felt by sellers needing fast money.

It is important to invest in the right type of gold when doing so for your retirement. The IRS must give its approval for your investment. It must be in the form of 24K coins or bullion bars. Buy bars instead of coins to increase your profits.

If you do not have a large amount of money to start off with, why not consider purchasing scrap gold. It is possible to accomplish this over the long haul, by purchasing some gold every pay day, and build up a valuable reserve within a year. Make sure you keep the gold secured. A safety deposit box is a good place.

Have a professional appraise your gold jewelry if you do not know how much it is worth. Although appraisals cost money, you will know the value of your items. Make sure you go to an accredited and reliable appraiser to get valid appraisal papers. However, do not expect to receive the exact amount suggested by the appraisal when you sell the gold.

Melt Value

Is it better to sell your gold jewelry for melt value or as jewelry? If you are selling to pawn shops or most private sellers, expect them to offer the melt value. You should look for an individual buyer who is interested in the jewelry itself if you want to get a better price.

Think about shopping thrift and antique shops to discover gold treasures. You can find gold in unexpected places, but you have to know what to look for. Lots of people sell their items here for low prices, because they are not aware of the value. If you’re educated on how to make these finds, you can score some great deals.

A magnet can help you determine if a gold piece is solid. Gold and other precious metal will not be affected by a magnet, which means that they won’t stick to it at all. Often the clasp of a piece is real gold, while the rest of the piece is just plated. Using this technique will help ensure your pieces are solid gold.

There are many ways to invest in the gold market. The excellent information presented here should allay all your fears about the gold trade. You should now be able to make confident investments using the tips you’ve read. Get your feet wet and begin growing your wealth today.

Looking For Information On Gold? Read This

Gold is a major player on the financial landscape. In order to be sure you are in control of your gold investments, you need to learn all about it. There are many aspects of the gold market to consider. You might purchase gold or simply buy shares in a company. This article explains the basics of investing in gold.

Do not sell your gold without first knowing what it is currently worth. If you make the decision to sell gold, separate your pieces by purity level. Never sell any jewelry as gold scraps that’s worth more than the gold itself due to the designer.

Go with a reputable gold vendor when selling. There are several ways to find out about their reputation, such as online reviews or Better Business Bureau filings. If you are being offered good customer service and an honest price for the gold, then you are dealing with a reputable buyer. Protect your invest and look into these companies.

Investigate the proposed delivery schedule when you are considering make a gold purchase. If the person selling you the gold does not deliver the product right away, it is necessary for you to obtain a written estimate of when your items should arrive. There should be a date listed for when you can expect them. Only go through with your order if you obtain this document.

Look at the spot price of gold before selling. This way you will know if a dealer is offering you the proper amount for your items. Many gold dealers will pay market value; however, some dealers try to get your gold cheap.

Gold Jewelry

When you buy some gold jewelry for another person, make sure they have a refund policy. It’s almost impossible to determine the value of your gold jewelry just by looking at it. If that happens, you want to be able to take the piece back for a refund.

Get your jewelry appraised. The up front cost is significant, but it can give you a better estimate of value. If you want to obtain an unbiased value, retain the services of a certified appraiser. Understand that you’ll be paid less than the appraisal value of your gold by gold buyers, however.

Find out if the firm you are mailing your gold to will ship it back, and how much that will cost. Most companies will advertise free shipping, but they often charge a lot to put the items back in the mail. Realize in advance that you’re out money to get back your jewelry.

Be careful in the gold market. Markets all have their share of unscrupulous players, but gold is a market that seems to have many. Lots of folks are willing to steal right out from under you. Because of this, you need to be extra cautious and really research.

Know exactly what you have. Even though the item looks like gold, it may not have much value. Other metals are frequently put together with gold in order to make it stronger. This can make the price a lot lower. This also applies to gold plated items. If don’t know what you’ve got, have it appraised before you sell it.

When dealing with any gold buyer, make sure you shop around before making any final decisions. You will get many different amounts. If you go with the first buyer that you meet, you may end up with the worst deal possible. Spend the required time to comparison shop before making any decisions.

A quick and inexpensive way to test a piece of gold or precious metal to see if it is real, is by using a magnet. Real precious metals do not stick to magnets. There may be times when an item of jewelry has a solid gold clasp, but the rest of the item is only gold plated. You can test your jewelry this way.

Now you know more about gold than you did before reading this piece. With luck, you are now empowered to make some good choices about fitting gold into your portfolio. Use what you’ve just read to become the successful gold investor you’ve always wanted to be.

Wise Tips For Getting Into The Gold Market

Any good investor knows to put a bit of their investments into the commodity market. Gold is historically the top trading commodity. From building a retirement nest egg to making beer money, gold can do it all for you when you use the tips below.

When you sell gold, get an idea of value from a number of sources. Many jewelry stores and gold buying services are available, and they will all usually take a different profit on the gold they are purchasing. By getting multiple estimates, you can be assured that you will get a fair price when you sell.

Precious Metals

Before you buy or sell your gold, make sure you understand how the prices of precious metals work. The prices for precious metals go up and down from one day to the next. Therefore you must find the price on the exact day before you agree to do business with someone. You need to get ready to pay higher prices than mere melt value on fractional pieces as opposed to one-ounce pieces.

Always do your homework to find an honest and reputable gold buyer. Read online reviews and check with your local Better Business Bureau to find out if a dealer has any complaints filed against them. Talk to several different buyers and get quotes from all of them to ensure you get the best price for your items.

Always make delivery arrangements before purchasing gold from a vendor. Delivery times are important. When dealing with a vendor, it pays to seek written confirmation of the expected delivery date. This is crucial if they do not offer the option to deliver immediately. The date they expect you to get them should be listed. Proceed with the order only if you get this confirmation.

If you want to invest in gold, but lack significant capital, think about getting into scrap. It is possible to accomplish this over the long haul, by purchasing some gold every pay day, and build up a valuable reserve within a year. Make sure you keep the gold secured. A safety deposit box is a good place.

Melt Value

When you are selling gold, you need to decide whether you want to sell it as a piece of jewelry, or for the melt value. Most private sellers and pawn brokers are only willing to pay melt value for gold jewelry. Never let this dissuade you, however, as you are sure to locate an appropriate buyer eventually.

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. Most companies will advertise free shipping, but they often charge a lot to put the items back in the mail. It’s best to be prepared so you are not surprised by return shipping charges.

Don’t sell to entities that are not licensed by the state to buy gold. Licensure is not a guarantee of credibility, but it is certainly a good indicator. There are many people who will buy your gold, but some are out to rip you off.

You could also use GoldMoney to buy gold. It can be compared to “gold bank accounts.” With this service the money in your account is converted into gold. Your gold is physically kept in a vault where it can be cashed in, segmented or redeemed for bullion bars.

Keep your gold investing to yourself. You never know who else could be listening or who you can really trust. Do not tell others about your investment, and keep it locked up either in a home safe or at a bank. This keeps the gold and you safe under various circumstances.

You should apply the tips you just read to invest in gold. You can invest in gold to diversify your portfolio, make long-term profit or to insure your personal wealth. Keep all of this in mind to succeed with gold.

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

Over the past decade, the value of gold has been on the rise. As someone who stands to gain a lot from gold, you will be pleased to know that anyone can find success. By following the tips presented here, you can earn a good profit selling gold.

When you sell gold, get an idea of value from a number of sources. Different places that buy gold will have different price ranges to offer. You should get your gold appraised by a professional and compare prices offered by different buyers.

Sell Gold

You can actually sell your gold online. You don’t have to go to a physical location to sell gold any longer. There are many places to sell gold online. The site will mail you a kit for mailing in your items. They will pay you their standard per ounce price for your gold.

Be aware of the going rate of gold before you sell you gold items. That will help you determine whether or not a dealer is actually offering you a good price for your pieces. Most dealers will make you a fair offer, but some will try and rip you off.

When purchasing gold, check to see if the dealer offers a return policy. There are time where you may have to return the jewelry. Because of this, it is critical that you are able to bring the piece back to obtain a refund.

Anything that contains gold can be sold. It may consist of decorative items, gold table ware, old items of jewelry and so on. An item need not be made purely of gold. It could be gold plated or a bit of gold and still be sold. You’ll end up with some money in your pocket.

Before selling your old and broken gold items for cash, make it a point to visit at least 3 or 4 buyers. While spot pricing is the national standard, most stores don’t honor it. Stores that are not near shopping malls may have lower overhead and are able to pay more.

Don’t sell to entities that are not licensed by the state to buy gold. You could still have a problem, but licensed buyers are more likely reputable. 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.

Be careful when dealing with the gold market. As with any market, there is unsavory, dishonest people. This is especially true when it comes to precious metals. Any number of shady individuals or even business are ready and willing to rip you off. Always exercise caution.

You can easily test whether a gold piece of jewelry is real by using a simple magnet. If it is a true precious metal, it will not adhere to the magnet. Often the clasp of a piece is real gold, while the rest of the piece is just plated. Using a magnet is an excellent way to find this out.

The gears should be turning in your head about how you can profit off gold. Remember that you must be willing to commit to some hard work to trade gold successfully. Use these tips to prepare yourself.

Seeking Knowledge About Gold? You Need To Read This Article!

Gold is a precious metal with global value, and as such, has been treated as such since its discovery millennia ago in the past. Everyone wants gold, but they don’t know how to get it. This article will help you learn about buying and selling gold.

Stick with a reputable buyer when selling your gold. Look them up using the Internet and the Better Business Bureau to find reviews. Reputable buyers offer great customer service along with fair prices. Protect your interests and your gold by doing this.

Try selling gold online. You don’t need a storefront to buy and sell gold. There are plenty of websites that are ready and willing to buy your gold. The online business will provide you with a special kit that you can use to send your gold pieces. If you have everything together, then you will receive the going rate.

Do not allow the high price of gold to deter you from buying quality products. You will not benefit from buying jewelry that is plated or filled with gold. You still can get gold jewelry items without spending a lot at a local jewelry store. Pawn shops provide great discounts.

Market Value

Knowing the current market value of gold is important prior to selling or buying it. That way, you will know if you are being offered a fair price for the items you have. 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’re selling gold through a mail-in service, do your homework on the company and its policies before you make a commitment. Your package needs to be insured, and you need to be aware of when you are going to receive payment. Take pictures of anything you send so that you can settle any disputes that may occur later.

If you don’t have much money to invest in gold, you could start by purchasing scrap jewelry pieces. Invest small amounts of money in scrap gold. After a few months, you will have accrued a significant store of gold. However, ensure that you have secure storage for your collection.

If you’re going to ship your jewelry to a mail-order buyer, know how much return shipping is going to cost you in the event you don’t accept their offer. Many companies offer free shipping but charge more for mailing items back. Be sure you have an idea how much it will cost you to reclaim your items.

Buying gold can be exciting, but you might not want to tell a lot of people about it. You have no way of knowing who might overhear your conversation and who is truly trustworthy. Keep your investment to yourself and under lock and key, either with a bank or in a good home safe. That way, your gold will always be secure.

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 will give you a price point to work with. Always start a little higher that what you are actually hoping to get, so you have room to negotiate.

If you’re going to sell your gold to an organization, make sure you look up their BBB rating first. The BBB has information about each business including any complaints or reviews from others who have used their services. Complaints that have been resolved are actually a good thing, so factor those in as well. If there are a lot of complaints on their record with the BBB, move on to a different business.

Gold Prices

Gold prices have grown 400 percent in the previous 10 years, which is terrific for those who own this commodity. It is not really known whether it is a perfect time to purchase gold, though, that depends on a lot of other economic factors. Basically, when the dollar is weak, gold prices will remain strong.

There is no doubt that gold is a valued commodity which trades well. It is sensible that gold keeps its value since it goes up in value while time passes. After reading the aforementioned tips, you can begin investing in the world of gold trading.

Curious About Trading With Gold? Try This Expert Advice

Serious investors must have some of their investment portfolio in commodities. Gold is the best commodity that is out there. If you are planing for your retirement or simply want to generate some investment profits, this piece is for you.

Stick with a reputable buyer when selling your gold. Check reputations at the BBB and via online reviews. Reputable buyers will pay fair rates for gold and will provide solid customer service. Make sure that you protect both your investment and yourself.

Always do your homework with regard to any person or entity from whom you are thinking of purchasing gold, and look around for a buyer with a good reputation. You can always find online reviews, inquire with the BBB and learn how each vendor handles complaints. Additionally, get several offers before selling to a gold dealer to ensure you get top dollar.

You might be shocked by how much gold costs these days. You can acquire gold jewelry from a number of sources at a reasonable price. Online auctions, estate sales and pawn shops are only some of your options.

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. Consider buying bars instead of coins, since they tend to be more valuable.

If you want to sell gold, make sure the buyer has a state license allowing them to do so. There’s always a risk of getting ripped off, but a buyer who is licensed poses far less risk of this occurring. There are quite a few vendors that will purchase gold, so never go into it thinking you’ve got to sell your gold to the first seller you talk to.

GoldMoney can be a good resource when buying gold. It’s like a bank account for gold. All you do is set up the account, deposit funds, and then you are assigned gold to your account. Of course, you won’t actually have the gold. It will stay in the bank, but you can cash it in, portion it or even redeem it to receive one-kilogram bars of gold bullion.

Check out a number of gold buyers before making a deal. You may be surprised at the differences in the offers that you’ll get! If you go with the first buyer that you meet, you may end up with the worst deal possible. 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. Gold, unlike other metals, will not be attracted to a magnet. There may be times when an item of jewelry has a solid gold clasp, but the rest of the item is only gold plated. The magnet will tell you the truth.

Before you consider selling your gold, check the BBB.org website. They will have basic information about the business listed, along with any reviews or complaints from others that have done business with them. Pay close attention to whether any of the complaints were not settled in a satisfactory way. If you see many complaints, then you need to find another business.

After reading this article, you should know more about gold than you did before. You can invest in gold to diversify your portfolio, make long-term profit or to insure your personal wealth. Keep all these tips in mind to have the best success when it comes to gold.

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

Many people are scared about hyperinflation, and buy lots of gold as a hedge against this event. However, you have to be sure you know everything about gold before getting into it, and that’s a hard task at first. The tips included here will help you learn more about buying, and even selling, gold.

Gold prices change all of the time, so make sure you are aware of the value before you try to sell any. Don’t forget to take into account the different karat values of your gold pieces. You should not sell jewelry as gold scraps if its worth is higher because of the brand or design.

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.

If you want to start investing in gold but don’t have much money to get started, think about buying scrap. It is possible to accomplish this over the long haul, by purchasing some gold every pay day, and build up a valuable reserve within a year. Protect your gold until you can sell it.

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. You want to know what those charges might end up being before you decide to send them your gold.

Licensed Buyers

When selling gold, only work with licensed buyers. Licensed buyers are generally more reputable than unlicensed buyers. There are plenty of buyers for gold, so do not think that you must make a sale to the first buyer that you meet.

Use GoldMoney to buy gold. It s sort of like a bank account for gold. With this service the money in your account is converted into gold. Although you own the gold, it remains stored securely in the company’s vaults. You can sell it, portion it out, or even (given the right conditions) arrange to take deliver of it yourself.

Though purchasing gold is thrilling, don’t go around telling everyone about it. Anyone could be listening and you don’t know who can be trusted. Make sure that your investment is kept private and kept safe. This is the best way to protect yourself and your gold investment.

Use a magnet if you want a cost-effective way to determine whether or not the precious metal is real. If the piece is real gold, the magnet will not be attracted to it. Many times you see the clasp gold plated but not the rest of the piece. The magnet will tell you the truth.

Do not sell any jewelry solely for its gold content without seeking an appraisal. You should do this for special pieces. Unique pieces may be worth more intact than they would if eventually melted down. Although you may be charged a fee for the appraisal, it may earn you more money in the long run. Appraisers can also tip you off about interested parties concerning your jewelry.

Gold has long been used as a form of insurance to protect wealth. It is important to have a firm grasp of the ins and outs of gold investment in order to make the best investment decisions. Use the information above to help learn all you can about today’s gold market.