Author Archives: Ashley Whitfield

Everything You Have Ever Wanted To Know About Gold

Because the dollar is something that’s worth less and less, a lot of people have found that gold is the answer. While the dollar’s value decreases, gold’s increasing value makes it the most sought after precious metal for investment purposes. Use this article’s tips as you consider an investment in gold.

When you sell gold, deal with a reliable buyer. Get with the Better Business Bureau or check out reviews online if you’d like to learn about someone’s business. A buyer with a good reputation will give you good service and an equitable price for the gold you are selling. Protect your interests and your gold by doing this.

Scrap gold is an excellent investment if you are working with limited investment money. Just keep buying a little every time you get paid, over a year or two you will accumulate quite a little pile. Keep it inside a safe location until you get enough to cash in.

If you want to unload scrap gold pieces or jewelry items for cash, do your homework first. Prices paid will vary from shop to shop. Independent gold dealers with low overhead, for instance, may be in a position to offer you better terms than upscale jewelry stores.

Licensed Buyers

Sell to licensed buyers only. You could still have a problem, but licensed buyers are more likely reputable. Many establishments purchase gold, so there is no need to sell yours to the first buyer you deal with.

As exciting as buying gold can be, avoid telling people about it. You have no way of knowing who might overhear your conversation and who is truly trustworthy. Keep your investments safe and secured in a bank or home safe. This will protect your gold in all circumstances.

You may even be able to find old gold at thrift shops or garage sales. If you you’re aware of what to look for, you can find some great bargains. Many people sell or donate at these shops for low prices due to being unaware of what they own. You can benefit from the seller’s loss if you research a bit.

Approach the market with caution. Several markets have bad companies, but gold is notorious for containing many. Lots of people claiming to be honest gold buyers really just want to trick you. Doing a good amount of research will ensure that you are getting the very best deal.

Understand what you really have. Just because it looks like gold doesn’t mean it’s valuable. In many cases, additional metals have been mixed with the gold to strengthen it. That can make it less valuable. Gold plated items may also be deceiving. Getting gold jewelry appraised is always a good idea if you want to be clear about the potential sale value it represents.

You should research the gold market long before you make an investment. Lots of folks claim to be experts and want to get their hands on your money. Any claims that promise overnight fortunes must be taken with a grain of salt. Gold investing should be long term investments.

Fine Print

Read the fine print of your 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. Doing so makes it easier to keep track of what portion of your earnings go toward fees and commissions.

Many times earring posts are made of solid gold, even when the actual earring is not solid. The bands to rings and necklace clasps are often times real as well. Because these pieces do not weigh a lot, try selling them as a “lot.” This is a bunch of different gold pieces in quantity and can help you to get more money for them.

If you want to make an investment in precious metals such as gold, there are a number of ways to go about it. Some people prefer to purchase gold coins or bullion, while others just purchase stock in gold or silver. Hopefully you now have a better understanding of the different ways that you can invest in gold.

Great Tips For Extracting Real Value From Gold Markets

Gold investment is a popular strategy for people seeking a way to ensure the best chance of long-term profit. A lot of investors will say that gold is a great place to park your money during times of economic uncertainty. If you would like additional information on this market, continue below for some great advice.

Attain more than one estimate of the value of your gold. There are many places where you can buy and sell gold, and they all use different metrics to decide on price. Getting multiple estimates gives you a better idea of the prevailing market price, which prevents you from getting ripped off.

Reputable Buyers

Only deal with reputable buyers. Check BBB.org to find out more about the firm. Good customer service and fair market prices are good indicators of reputable buyers. This extra step makes sure that you are covered and paid appropriately.

Get a good education in precious metal pricing before you try to buy or sell gold. Silver, gold and platinum prices fluctuate often, and therefore you need to verify spot pricing the day prior to your intended deal. You must be prepared to pay higher percentages over the melt values for fractional gold pieces like 1/10, 1/4th, and 1/2 ounces versus one-ounce pieces.

Conduct extensive research before you do business with a company specializing in gold. You can see how various dealers handle customer complaints by viewing online reviews and contacting the BBB (Better Business Bureau). Talk to several different buyers and get quotes from all of them to ensure you get the best price for your items.

Think about selling your gold online. You no longer need to buy and sell gold at a physical location. There are plenty of websites that are ready and willing to buy your gold. Most sites work by mailing you a mailer or kit. You then use your mailer to ship the gold. You will receive payment based on the current market value of gold when your items arrive.

When buying gold jewelry for another, make sure you can return it. People’s tastes are different and you don’t know the whether the person will like what you buy. If the gold turns out to be fake, make sure you get your money back.

Know that anything that has gold in it is sellable to a gold dealer. Whether it is jewelry or home decor related, it could be an everyday item that you have within the home. In fact, a gold piece doesn’t have to be 100-percent gold to be worth something. You could also sell something that is gold-plated or contains only a small amount of gold. They won’t be worth as much but you can still get money for them.

Take your old gold that you want to sell to a number of different gold-buying companies before settling on one. Bear in mind that the market price for gold you can find online (the “spot”) is only an average; different dealers will offer you different prices under (or even over) the spot. Stores that aren’t in big shopping malls tend to have much lower rent and may pay more.

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. Paying for gold that is any higher than an 8% markup is not a wise investment. Many dealers try to overcharge you; however, by being informed you can avoid this trap.

There are places you can send you jewelry to get paid. See how you can get your gold back if you don’t like the offer. A lot of companies say they’ll let you ship for free, but to get things back they charge quite a bit. Know beforehand how much you would have to send in order to get your pieces back.

Though purchasing gold is thrilling, don’t go around telling everyone about it. You may not know who is overhearing you, or who is trustworthy. Keep it to yourself and protected, either with a decent home safe or in a bank. That will help protect your gold and you at all times.

Buying and selling gold is not as complicated as it may seem at first. Anyone can understand it. Now that you have read these great tips about gold, nothing should prevent you from participating in this market. Follow this advice to reap good returns on your gold investments.

Tips For Making Money By Investing In Gold

A lot of people decide to invest in gold because this precious metal is an excellent way to protect savings from inflation. Many will say that in uncertain times, you should put the majority of your cash in the current gold market. Check out the following advice in order to discover more helpful hints on investing in gold.

Get a value from a few buyers before selling your goal. There are lots of services, jewelry stores and pawn shops that buy gold. Of course, they will want to make a profit when they sell it. By getting multiple estimates, you can be assured that you will get a fair price when you sell.

Think about selling your gold on the Internet. There’s no reason to confine yourself to brick-and-mortar stores when selling your gold. There are plenty of websites out there you can use to sell all your gold. The online business will provide you with a special kit that you can use to send your gold pieces. If everything is together, you’ll get paid their going rate.

When you first check out gold jewelry, you may be in for a bit of sticker shock and decide to buy gold-plated jewelry, instead. You don’t have to spend a mint at a jewelry store, though. Pawn shops can offer many good deals and there are also many online buying options.

Don’t have much money? Invest in scrap gold. 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. Just make sure you have a safe place to store your little stockpile until it is time to upgrade.

Take your old gold that you want to sell to a number of different gold-buying companies before settling on one. Though there may be a standard market price for gold at a particular moment in time, not every store will pay it. Try to focus on stores that are not located in a mall, as their overhead may not be as high, which means they might have the ability to give you a better return on your gold.

Spot Price

When you decide on buying gold the first thing to do is look at the spot price. This information can be found on several different websites. Never pay in excess of 8% markup above the spot price. Some dealers will try to charge more, but they are overcharging and oftentimes, not ethical.

There are places you can send you jewelry to get paid. See how you can get your gold back if you don’t like the offer. Most companies will advertise free shipping, but they often charge a lot to put the items back in the mail. You want to know what those charges might end up being before you decide to send them your gold.

Even though gold buying can be thrilling, try not to talk much about it. The fact is that some people just aren’t trustworthy. Do not tell others about your investment, and keep it locked up either in a home safe or at a bank. This will ensure your gold has protection no matter what.

If you understand the gold market, you can profit off it. Now, you’re ready to go panning for gold. Use what you have learned here to maximize your investment.

What You Need To Know To Cash In On Your Gold

Gold has been a popular way to hold on something of lasting value for a long time, but its popularity in the current market has increased because of the shaky economy. This article will help you learn more about the gold market. Keep reading for great advice about investing in gold.

When entering the gold market you will want to have an idea on how the precious metals prices are determined. With silver, platinum and gold the prices vary wildly throughout the day, and in order to get the correct price you must spot check it on the day before making a purchase. Also be ready to pay increasingly higher percentages above melt values for any gold pieces that are fractional. These include 1/10, 1/2 and 1/4 ounce pieces.

Current Market

Check out current market values before you ever sell any jewelry. This allows you to evaluate a dealer’s offer against the current market rate. Dealers often assume that people who are trying to sell gold need quick cash and will try to take advantage.

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. What if it doesn’t fit? If you have the receipt, they can easily trade in the piece for something more to their liking.

If you’re clueless about the value of your gold jewelry, have it appraised. While you may have to pay a fee, the knowledge you gain will help you in the long run. Use a licensed appraiser only. If you decide to sell, be aware that it’s not likely for you to get full retail value of your item.

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. Many buyers only want to pay for the melt value of the jewelry. Don’t get discouraged since there’s a buyer out there that wants your pieces.

Avoid letting people know that you are planning to sell your gold. You never know who else could be listening or who you can really trust. Keep it to yourself and protected, either with a decent home safe or in a bank. That way, your gold will always be secure.

Don’t avoid searching antique shops or thrift stores for gold. You can find bargains in those places when you’re aware of what you want. A lot of people give these items to thrift shops or antique markets because they aren’t aware of their true value. Their loss can be your gain.

Shop around before making any decisions about a gold buyer. You’ll be surprised by all the different offers you’ll get. 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. Taking your time can really end up getting you the best deal out there.

Prior to investing in gold, research the current market. So-called market experts may really be trying to grab your investment resources with little benefit to you. On the other hand, you need to stay mindful about anyone who promises you they can make you rich quick. If you do not buy into the premise that you will get rich quickly, then you won’t be disappointed.

Earring backings are usually solid gold, no matter if the earring is or not. Clasps of necklaces and ring bands are often real gold as well. Since these items are so small individually, it’s best to sell them together in a larger lot. Selling lightweight gold in a lot will increase your chances of selling them.

Everyone knows that gold is valuable. Recent economic downturns have reignited investors interest in gold. Hopefully, the advice here will show you the best way to use gold to build your wealth.

The New Gold Rush: What You Should Know

Buying and selling gold has interested many more in recent years, especially after the shaky global economy. It is important to understand how the gold market works before you begin investing in it. Read on for some excellent tips that will help you get the most from gold.

Get a value from a few buyers before selling your goal. There are many places where you can buy and sell gold, and they all use different metrics to decide on price. By shopping around, you will get a better idea of what the gold you are selling is really worth.

When it’s time to sell off gold, you should always deal with trustworthy buyers. Verify their good standing by checking with the BBB and reviews online. A reputable buyer will typically pay you a fair price for your gold, and they will offer better customer service than less reputable buyers. Protect your interests and your gold by doing this.

Why not get your gold jewelry appraised if you are not too sure about its current value? The up front cost is significant, but it can give you a better estimate of value. Use a licensed appraiser only. Understand that you probably will not get the full appraisal price when you sell your gold.

To verify that a particular piece of jewelry isn’t simply plated, you can try testing it yourself with a magnet. Gold and other precious metals are non-ferrous, so they won’t be attracted to a magnet. Sometimes the clasp of a piece is solid, however the rest will be plated. This method is good test for that.

Speak with the representative at the gold party to find out how they determine how many karats a piece of jewelry is. Many times the item will have a stamp. However, there are some times when there aren’t visible signs, so the reps have ways to determine it. The most simple test involves the use of acid. If the company claims to use that type of test, it may be an indication that they are not as experienced with accurate testing methods.

Have jewelry appraised prior to selling it to anyone as scrap gold. You definitely want to have jewelry with beautiful details and crafting well looked over because the value could be much higher. Although you will probably have to pay for an appraisal, you might find you have something worth a lot more than you thought. Appraisers also may know of an interested party for your precious jewelry.

Break up your gold into karat values when you intend to sell it. The value of gold varies by karats, and weighing your gold together can cheat you out of money. Gold with higher karat value is worth more money.

The value of gold has been on the rise over the past decade. It’s unknown whether it’s a great time to purchase gold, but that depends on what the dollar does. The weaker the dollar, the stronger the gold price.

A lot of people are excited about making money 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.

Gold 101: Tips And Advice For Buying And Selling

Investing in gold is a great choice. On the other hand, you need to know exactly what to do and also consider all options. Keep reading to learn why gold can be so useful as an investment strategy.

When investing in gold, bullion bars are the best way to go. The weights vary. The weights range from 0.5 oz to 400 oz bars. If 400 ounce bars interest you, know it will be hard to find them.

Investigate the reputation of any firm you are considering doing business with. Verify their good standing by checking with the BBB and reviews online. If you are being offered good customer service and an honest price for the gold, then you are dealing with a reputable buyer. This can help you to be protected when dealing with gold.

Try selling gold online. You no longer have to go to a store to sell your gold. You can buy and sell your gold at many websites online. The website will send special kits where you are to return your gold items. If the transaction goes smoothly, they’ll give you a quote and you can either accept or decline the offer.

When you purchase gold, it’s important to set a fairly stringent schedule for delivery of your metal. If you don’t get delivery immediately, get something in writing which confirms delivery of your pieces. Your expected receive date should be listed. Don’t proceed with the order until you have this information.

Before you mail any jewelry to a particular company which purchases such items, be sure to do your homework and check out the company thoroughly before you do so. Be sure to understand when to expect payment and how to insure your items. Lastly, take a photo of all that you placed in the package in case there’s an issue later.

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. If the gold turns out to be fake, make sure you get your money back.

If you’re not sure about the value of your jewelry, you can have an appraisal done. This will cost a little money up front, but it’s important to know what you have. An independent appraiser should be used in order to receive the best value. However, do not expect to receive the exact amount suggested by the appraisal when you sell the gold.

You might sell gold melted down or as a jewelry item. Pawn brokers and private sellers may just want to pay melt value. You should look for an individual buyer who is interested in the jewelry itself if you want to get a better price.

Make sure you verify the price of gold the same day you plan to buy it. This information can be found on various websites, although they tend to fluctuate each day. Paying for gold that is any higher than an 8% markup is not a wise investment. Anything more is unethical.

After reading this offer, you should understand the importance of including gold in your portfolio. It can be a bridge between liquid cash reserves and mutual funds. Understanding the different options and how they will affect your investments will help you buy and sell gold confidently.

Get The Most On Your Quest For Gold Information

Gold has been treasured throughout history and still has high value. Everyone loves gold even though they all don’t know how to acquire it. If you’re thinking of buying gold, keep reading to get useful tips on the gold market.

Verify the market price before selling your gold jewelry. You will then be prepared to negotiate. A lot of dealers provide you with market value, but there are some who will just assume you want quick cash and will make a deal that is best for them.

Check the price when you are buying gold. A number of websites feature this information, and it changes daily. When you actually make your purchase, refuse to pay more than 8 percent more than this price. Many dealers try to overcharge you; however, by being informed you can avoid this trap.

Gold Market

Be cautious with the gold market. The gold market can have many bad companies out there. They want to take your money and take advantage of you. You need to do your research and be careful.

You can use a magnet to test precious metal inexpensively. It is true that precious metals are not attracted to magnets. Check the clasp separately from a chain. This method is good test for that.

Talk to someone at any gold party to determine how they decide a piece’s karats. Frequently, the gold piece will have a stamp on it. Other times, there is no way of knowing. The most simple test involves the use of acid. If the company claims to use that type of test, it may be an indication that they are not as experienced with accurate testing methods.

Fine Print

Read and understand the fine print in a 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. That way, you will be aware of the cut of your proceeds that will go to fees and commissions.

Have your pieces appraised before you sell them as scrap gold. This is particularly true with pieces that have intricate details with considerable workmanship. You may have to pay to have a piece appraised, but it’s worth it. In addition, appraisers may know people who may be interested in your jewelery.

If you want to sell your gold, you should divide it in different lots in function of the karat weight. Some vendors may try to weigh all of your items at one time and pay you for the lowest karat. This will result in you receiving less money. So keep each piece separated to ensure you get the most you can.

It’s best to acquaint yourself with any would-be dealer before you do business together. Call the BBB or visit their online website to get assistance in finding a reputable gold dealer. By contacting your Better Business Bureau, you can find out if there are any complaints filed against your dealer. If there are complaints, you need to find a different dealer.

As is now quite clear, gold is a precious commodity that is easily traded. Gold is a sound investment due to its ability to retain a steady value that is more likely to rise rather than fall. Since you know much more about gold now, get going with some gold investments today.

Expert Advice On How To Deal In Gold

If you have been wanting to begin investing in gold, now is the time. You need not feel scared; just rely on your ability to acquire the knowledge you require. Investing in gold carries many advantages, and you must learn what they are.

Be well informed about the value of precious metals before buying or selling gold. Precious metal prices can fluctuate a lot, so check the markets daily, especially when making a transaction. 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 selling your gold online. Gold deals no longer have to take place at a “real” store. Take advantage of websites that allow you to sell gold. Most sites work by mailing you a mailer or kit. You then use your mailer to ship the gold. If when they receive it, all is as they expected, you’ll get their current rate.

Melt Value

When selling jewelry, be aware that most gold buyers will only pay you on the melt value. If you are selling to pawn shops or most private sellers, expect them to offer the melt value. It may take longer to find the right buyer, but you will get more money this way.

Using a brokered service such as GoldMoney may be the gold investment technique that best suits your needs. This is the equivalent of establishing a gold bank account. You simply establish your account, deposit funds and receive an assignment of gold that fits the value of your account. The gold will physically sit in the bank where you can cash it, portion it, or in some circumstances, you can redeem it for gold bullion bars that weigh a kilo.

Investigate several gold dealers before choosing one to do business with. The different prices you receive might shcok you. Going with the very first buyer might not be a good idea. Be sure to take time to choose your buyer wisely for the best profit.

Speak with the representative at the gold party to find out how they determine how many karats a piece of jewelry is. A lot of the time you’ll find a stamp on the item. In some situations, though, no visual sign presents itself, so there are other ways of determining it. The simplest test is the acid test, so if a rep is using this method, he may be a novice to the market.

You must know what investments to make before you actually start investing in gold. Some people will claim to be experts in the field. Be careful of promises claiming you’ll become rich. Don’t think of it like a get-rich-quick scheme to avoid false expectations.

It is a good idea to check with the Better Business Bureau before you deal with a gold broker. The BBB has information about each business including any complaints or reviews from others who have used their services. 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.

There are many different companies that you can mail your gold into. A lot of sellers enjoy doing this because it’s not hard. You simply drop your jewelry items in a prepaid envelope and wait for your check to come in the mail. But, keep in mind that such enterprises tend to offer lower prices than some competitors. Be aware of the fact that you may receive approximately 30% less in some instances.

If there are any forms involved in your gold dealing, make sure to read them word for word. There is a lot of money in gold and some unscrupulous brokers out there. You must be fully aware of what you are committing to. When the terms aren’t up to your standards, don’t sign. This may be necessary to protect yourself from financial disaster.

By this point, you should feel more confident in your ability to make smart investing decisions. Now is the time to get involved with investing in gold using all the strategies listed here. You are going to realize the many benefits attributed to investing in gold.

Gold Isn’t So Hard To Get To Know With The Right Information!

Anyone can successfully trade gold with the right information. If you are thinking of becoming a gold investor, continue reading. If that’s the case, keep reading for useful advice to get into the gold market.

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 choose to sell any gold, keep in mind that pieces that have different karat values need to be valued and weighed separately. Never sell any jewelry as gold scraps that’s worth more than the gold itself due to the designer.

Gold Jewelry

You may be put off by the price of gold, making you go with gold-plated or gold-filled jewelry instead. You do get to buy gold jewelry without spending a ton at an actual jewelry store. You can usually find more affordable gold jewelry online, or if you visit pawnshops.

Antique stores may hold valuable gold. These places can be treasure troves for gold hunters. Lots of people sell their items here for low prices, because they are not aware of the value. Their loss can be your gain.

Research the daily spot price before you sell your gold. Compare prices with other gold dealers. That allows you to get an idea of the market value. People will haggle, so ask for more than you will actually settle on.

While gold may be a great investment, it may also be volatile. If you do not have the stomach for quick jumps up and down, stay away. If you have enough tolerance, you should still limit your exposure. Because of the volatile market, only a small amount of your portfolio should be invested in the gold market. A good limit is five percent.

Before investing in gold, you should establish a few goals. Gold investing can be volatile; however, it is good for long-term investing. If you set limits on your exposure and know what your goals are beforehand, you have a better chance of making money.

You can often get the best deals when buying gold from regular people willing to sell. But, you need to know why this can be risky. Therefore, it is important to ask for an appraisal of the coin. If you find a person wanting to sell a gold coin inexpensively and you are pretty sure that the coin is real, you can purchase it and hope for the best.

Gold Futures

Don’t get too far over your head if you’re just starting out investing. Don’t venture into complex investment strategies like gold futures right away. Futures markets are volatile and complicated, and this includes the market for gold futures. You stand to lose a great deal if you lack sufficient knowledge. Investors who have been in gold investing for a long time are the ones that type of investing should be left to.

When selling a piece of gold with embedded stones or non-gold pieces, ask the buyer to return them once the gold has been melted and extracted. If the gems are really small, though, this might not work. Since it doesn’t have value when gold is melted, many dealers have no interest in tiny gems.

Attempt to sell gold coins when the price is high. There will be daily fluctuations within the gold market. When you understand that, you can try to get the highest profit you can. You can sell your gold for a profit if you keep a careful watch for the market to climb.

You should not invest too much at once. Gold doesn’t give you an income like bonds or stocks do. The price tends to fluctuate a lot in the gold market. When equity prices go down, that’s the only time it goes up. Never invest greater than five percent of your whole portfolio in gold.

Clearly, gold buying is for everyone. If you have feared starting this in the past, the ideas within this article should make you feel safe to move forward. You now know what you need to do to get started. Here’s hoping it all goes well for you!

Learn All About Gold With These Tips.

Anyone who has been paying attention in recent years knows that gold markets have been the recipients of immense amounts of new interest from investors of all types. If you wish to trade in gold, you have to really get the knowledge to do so from people that know what they’re talking about. Keep on reading to get your gold journey underway.

Melt Value

Get a good education in precious metal pricing before you try to buy or sell gold. 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.

Research gold buyers before going to them and try shopping around for buyers that are reputable. Read online reviews, check with the BBB, and see how the dealers resolve complaints. If you get bids from a few buyers, you can likely get a better price.

Always check out the up to date market value for gold before you seek your gold jewelry. This way, you’ll know whether you’re really being offered a fair price. Many gold dealers will pay market value; however, some dealers try to get your gold cheap.

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. Private sellers and pawn shops just want 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.

When you decide on buying gold the first thing to do is look at the spot price. Many websites contain this information and it varies every day. Never pay more than 8% premiums on your gold. Some sellers try charging more, but that’s overcharging, which is generally unethical.

If you don’t want to worry about storing, shipping and insuring your gold, consider buying GoldMoney instead. Think of it as a bank account that deals exclusively in gold. You just sign up for your account, fund it and then you will be assigned gold. The gold rests in the bank where you can trade it for cash, portion it out, or redeem the gold for bullion bars.

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. In some cases, jewelry may have a clasp that is made of gold, but the rest of the jewelry piece is made of plated metal. This can be a useful method of testing for that.

Be sure to do your homework about current gold values prior to any investment decision or action. There may be unscrupulous dealers claiming to be experts in order to get you to invest with them. You must be extremely careful about any promises concerning getting rich quick. Don’t think of gold as easy money, and you can avoid fake claims.

We all know that the idea of buying, selling and collecting gold is extremely popular right now as a way of creating financial stability. Maybe you have wondered about it yourself. By using the guidance in this piece, you can truly succeed.