Author Archives: Ashley Whitfield

Get Started In Gold With These Great Tips

One of the most popular investments recently is gold. Diversity is key, and gold can help you balance out your portfolio. It’s sometimes hard to know where you must start. The many options makes this a bit overwhelming. Read on for some great tips that will help you understand the process.

It is always a smart idea to have more than one appraisal when you are considering selling gold. There are a large number of venues for selling your gold, and they each have different target margins. Getting estimates from several establishments will help you make sure that you receive a fair price.

Reputable Buyers

Only sell to reputable buyers. Use resources like the Better Business Bureau and customer reviews. Reputable buyers will pay fair rates for gold and will provide solid customer service. Protect your invest and look into these companies.

Try selling gold online. You don’t need a storefront to buy and sell gold. Numerous websites exist on which to buy and sell gold. Such sites will send kits in which you mail back your gold. They end up paying you once they receive it, but they usually won’t pay you a lot.

While you may be very tempted to quickly send off your old gold scraps and jewelry to a business that buys gold through the mail, do your homework about the company first. Find out when you will receive your money, and never send your package without insuring it first. Also, make a photographic inventory of every item you send.

Make sure you are know exactly what you have. Even though the item looks like gold, it may not have much value. Sometimes other metals might be mixed into gold to make it stronger. This can make the price a lot lower. This is also true of items that are just plated. If you don’t know exactly what you have, consider an appraisal.

Find a gold buyer that lets you send them your gold. Many sellers like this process because it is simple. You simply drop your jewelry items in a prepaid envelope and wait for your check to come in the mail. With the extra expense and the tendency of these companies to pay lower premiums, your profits may be deleted quickly. You might even take a thirty percent loss. Understand that going in.

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. Even if you’re ready to get into these choppy seas, take steps to limit your risk. Never put more than just a fraction of your total investments into gold. Generally, about five percent is an ideal limit.

Karat Values

Divide any gold you plan to sell into groups that contain specific karat values. Don’t allow all of your gold items to be weighed together or you will not get the true karat value. Higher karat values yield higher prices.

A smart gold investor understands how to perform a test to know what the grade of gold is. Purity is rated in karats. Gold with a higher karat value is more valuable per ounce. Although a lot of gold jewelry has a karat stamp, you should verify its accuracy. You can make sure you never pay too much for poor gold quality when you know exactly how to test gold purity.

Understanding how to invest wisely in gold is essential to having a bright financial future through portfolio diversity. This article has tried to help, so you can make good decisions now. Remember though, the information here is meant to help you along the way.

Want To Know More About Gold? Read This

Are you knowledgeable about gold trading? Are you feeling like you’re just a beginner when it comes to gold? Or are you advanced and just seeking tricks and tips? No matter your status, everyone stands to gain by reviewing the advice found below. Read on for all new tips and tricks for gold traders.

Prior to selling old jewelry, research the going price for gold. That way, you will know if you are being offered a fair price for the items you have. Dealers will charge you a premium on top of market value so they can make some money too.

Always research a company you want to send gold jewelry to. You should be clear about when you can expect to be paid. Insuring your gold shipment is a good idea, too. The final step is to take photos of your jewelry, just to be sure you can fight any future problems that may occur.

Only certain kinds of gold are suitable for contributing to your retirement fund. The IRS must give its approval for your investment. It needs to be either 24 karat coins or bullion bars. Bars are often a better deal than the coins.

If you’re unsure what your gold might be worth, then have an appraisal done. Though you will have to pay a bit, knowing its value is crucial. And make sure you only hire an independent and accredited appraiser to be sure you get an honest appraisal. Remember if you sell, you will not receive the full price of the appraisal.

Anything gold is able to be sold. Don’t overlook flatware, watches, jewelry and even broken pieces as potential sources of profit. Having 100% gold isn’t required, either. It could be part of an item that’s gold, or just gold-plated. You may still get a little of your initial outlay back.

Compare different gold buyers if you want to sell some gold jewelry or gold scraps. All stores won’t pay market price for your gold, since they are all in business to make a profit. Stores that are not near shopping malls may have lower overhead and are able to pay more.

Melt Value

When selling your gold, it is necessary to determine if you wish to sell something as jewelry or simply to get its melt value. Pawn shops and many private sellers are only looking to pay 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.

Check the price when you are buying gold. This price can be found on a number of websites. Only place your order if you can find a dealer willing to sell for an 8% markup or less over the spot price. While many companies attempt to charge more, this is simply not ethical and should be viewed with caution.

Before selling you gold through the mail, be sure you know what the procedure is for getting your items back and any costs involved in doing so. The majority of companies pay for you to send the jewelry to them, but they charge high fees to return it to you. Be certain you know exactly what those fees will be.

Never sign a contract without thoroughly reading it first. If you use any of the abundant mail-in gold buyers, study the fine print carefully before making the sale. This helps you keep better track of how much you have to pay for fees.

Check with the BBB before you sell gold to a dealer, jewelry store, gold buyer, etc. They’ll have basic resources for you such as reviews and complaints from other customers. Keep a close eye out for any complaints not fully resolved. If you see that there are a lot of unresolved complaints, you may want to go with someone else.

Now you know how to master the market. You can make a profit and hedge against tough economic times by using gold as an investment. That’s what you really want at the end of the day, and this article is your starting point.

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

Would you believe it if you heard that gold investing could solve all your problems? However, you need to understand the gold market if you want to earn a substantial profit. Learn the tricks the experts use by reading this information.

Be sure to find a reputable gold buyer to do business with. Use both Internet reviews and BBB complaints and information to discern someone’s reputation. A legit buyer will offer a fair amount for the gold you have. Doing this protects your investment.

Research the market price before selling any of your gold jewelry. That is going to help you figure out whether you are being offered a good deal. Many dealers will pay market value, however others rely on people desperate for cash to get the most for themselves.

Only buy gold jewelry if you can return it. You need a guarantee on any gold you buy. If that happens, you want to be able to send the jewelry back and get your money back as well.

If you’re going to sell your scrap gold at neighborhood shops, check out more than one. Even though the market “spot” gold price is the national standard, not all stores will pay it. You might get a better deal at a store not in a major shopping mall, since their overhead and rent is lower.

Melt Value

When selling your gold, it is necessary to determine if you wish to sell something as jewelry or simply to get its melt value. You will see that pawn shops and private buyers only pay melt value. Selling your unique gold pieces to a collector can end up netting you more money.

Only sell to buyers that have a state license to buy gold. Though you still may be taken, licensed buyers tend to be more trustworthy. There are many people who will buy your gold, but some are out to rip you off.

Using a brokered service such as GoldMoney may be the gold investment technique that best suits your needs. It’s akin to opening up a bank account but with gold instead. After creating an account and depositing your money, you are allowed a corresponding amount of gold, which is then linked to your new account. The gold itself is in a vault at a bank, and you can cash it or redeem it for gold bullions.

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 your investments safe and secured in a bank or home safe. This protects you as well as your gold.

You never know where you will find valuable gold; places like thrift stores are often great places to discover good deals. If you have a discerning eye, you can locate great pieces. The prices are low here as the items are often donated. Their loss can be your gain.

Although you will not find fortune overnight, it is possible to attain impressive profits over time. You will eventually make a profit in the long term if you invest in gold after doing some research. Do plenty of research on this form of investing and start with a small investment.

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

Gold has been long adored as a bauble and an investment, and the recent state of the economy has only added to is appeal as both. If you’ve been thinking about delving into the world of gold, the following information is definitely for you. Read on for some excellent advice.

Get your gold valued by multiple sources. Dealer prices vary by store. By shopping around, you will get a better idea of what the gold you are selling is really worth.

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. While most firms will pay to have you send them your items, they will charge you a considerable amount if you want them back. By knowing this information ahead of time, you can prevent unnecessary charges.

Sell gold to buyers that are state licensed to buy gold. You could still have a problem, but licensed buyers are more likely reputable. There is no shortage of places to do gold trading, so don’t feel pressured to take the first offer you get.

While gold buying can be fun, don’t tell everyone about it. This is because you never truly know who may be listening. Keep your investments safe and secured in a bank or home safe. This ensures that your gold is protected under all circumstances.

Do not discount the value of searching through antique stores or thrift shops for your gold. You can find bargains in those places when you’re aware of what you want. Seller don’t always know the value of the gold they own. If you know what you’re doing, this can be your benefit.

You don’t actually have to own physical bars, coins or jewelry to profit from gold. You can buy gold shares in an ETF, a mutual fund with a focus on gold, or in gold mining equities. If you’re buying bars or gold coins, think about the cost storage when making your purchase.

When working with gold dealers, make sure to read all of the fine print you are given. This is a business transaction after all. You must be fully aware of what you are committing to. If you’re not comfortable with any terms, pass on it. Sometimes it’s worth it to protect yourself financially.

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. If you’re selling your gold through the mail, this is even more important. Any company you want to do business with should be BBB listed so you can check into them.

Investigate your sellers buyback policy. Some buyers charge premiums for reselling gold while others don’t. Think of the logistics involved in mailing heavy packages of gold coins or bars to a dealer in another part of the country. For safety’s sake, never allow your dealer to retain physical custody of gold that you have purchased.

Some of the best gold buying opportunities lay in purchasing gold from the general public. However, you should be aware of the risk with this kind of purchase. Have the coin appraised first. If you find gold coins at a cheap price and are fairly certain they are real, you can buy them and hope for a good outcome.

If you are just starting to invest in gold, don’t make things complicated. Gold futures may be popular but they are not for the beginner. Futures take time to understand, and they are prone to volatility. If you don’t understand what is going on, you can easily lose money in short order. Leave those more complex investments to the experienced investors.

There are few people that do not understand gold’s role in stockpiling wealth. The decline in the economy has made gold even more popular. You should understand how to successfully use gold to build your wealth after reading this article.

Gold Information You Probably Did Not Know About

Investing in gold is a very popular way to protect your savings from inflation. People have been investing in gold in record numbers, but many people don’t understand how to do that. The following piece is meant to help investors of all stripes get the maximum value from gold.

Bullion Bars

Gold bullion bars are great investments. Bullion bars come in a variety of weights. You’ll see them as four-hundred ounces or even a half ounce. If 400 ounce bars interest you, know it will be hard to find them.

Go with a reputable gold vendor when selling. You are able to find out more about their reputations with the local BBB and through online reviews. A legitimate buyer will pay you fairly for your gold while giving you great customer service. Protect your interests and your gold by doing this.

Do you know how pricing on precious metals works? The prices of precious metals fluctuates daily, so it’s best to know the price of the day. You might need to pay a higher percentage for melt values such as 1/10, and 1/2 fractional pieces.

Realize that all items containing gold have some sort of resale value to dealers. Decorations, flatware, broken jewelry, anything you have with real gold content is potentially valuable. It doesn’t have to be 24 karat either. Plated gold will do. You will still receive money from the sale of these items.

If you’re going to sell scrap gold for cash, be sure you’re looking into everything. The current value of gold may be one price, but that certainly doesn’t mean every buyer is willing to offer it. Local stores that don’t have outrageous overhead may be able to pay you more for your gold.

Try using GoldMoney to buy gold. You will own some actual gold, but it won’t be in your possession. You can open an account, fund it and then determine what price you wish to pay for gold allocation. Your gold is physically kept in a vault where it can be cashed in, segmented or redeemed for bullion bars.

Prior to coming to any decisions with regard to a gold buyer, shop around. You may get a wide variety of offers. If you accept the first deal offered to you, you might be sorry. Take your time to help you net the most cash.

Before you consider selling your gold, check the BBB.org website. The BBB has information about each business including any complaints or reviews from others who have used their services. If there were any complaints, you will want to see how the company resolved the issue. If they have many complaints or lots of unresolved complaints, consider another buyer.

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 crucial when dealing with any buyer who is out of the state. Consult the BBB to determine whether anyone has lodged complaints against a prospective buyer.

Before you buy any gold online, make sure you are getting the best price first. You may get a better deal by going to a local dealer. Sending your gold in by mail may be much more convenient, but you’re going to end up losing money!

Keep things simple if you do not have any experience with investing in gold. Avoid using gold futures even though they are popular. Futures can be very volatile, and the concept can be complicated. If you are not well educated on the subject, you could suffer a big monetary loss. Let complicated investments be handled by those with experience.

With the trouble that has plagued world economies as of late, more people are looking to the safety of investing in gold. When one has the proper knowledge, gold can be used as an important tool for financial protection. Use this information to get the most from an investment in gold.

Top Tips To Get The Most Out Of Buying And Selling Gold

Over the past few years, the price of gold has shot up even as other investment opportunities have stumbled. Savvy investors have taken careful note of this fact, and interest in gold investing is at an all-time high now. Clearly, it is important to learn as much as you can to succeed with gold trading. Below, you’ll find a number of great gold investment tips that will teach you a lot.

Attain more than one estimate of the value of your gold. Different gold purchasing entities are at your disposal, and they all require different profits from the purchases. By seeking multiple estimates, you are able to determine whether an offer is truly fair.

It is important to only do business with people who have a good reputation. You can find out if they’re trustworthy by looking at the BBB reviews. A legit buyer will offer a fair amount for the gold you have. Protect your gold investment by doing this.

Gold Jewelry

You may think that solid gold jewelry is too expensive and choose to purchase gold plated or filled jewelry. You still can get gold jewelry items without spending a lot at a local jewelry store. There is cheaper gold jewelry at pawn shops or online.

When considering selling your gold jewelry, you need to figure out if you want to get melt value or sell it as jewelry. Some buyers, including a lot of private sellers and pawn shops, only care about melt value. Don’t lose faith; there is always someone willing to buy the item as an entire piece.

When you plan to buy gold, make sure you look at the spot price. A number of websites feature this information, and it changes daily. Don’t buy anything marked up over 8% of this. Knowing the value of your gold will keep you from getting ripped off.

Never sell your gold to someone who does not have the appropriate state licensure. Licensed buyers are generally more reputable than unlicensed buyers. Many entities buy gold, so you don’t necessarily have to sell when you get the first offer.

Try a site like GoldMoney to purchase gold. It is kind of like setting up a gold “bank account.” With this service the money in your account is converted into gold. You can redeem the gold bullion in one-kilo bars or leave it in the vault and trade it or cash it in.

Comparison shop when you are choosing a buyer. You might just be shocked at the spread of offers you wind up getting! If you select the very first buyer you encounter, you may get a terrible deal. Be sure to take time to choose your buyer wisely for the best profit.

Talk to someone at a gold party to learn how they figure out the number of karats in a jewelry piece. Quite often, the gold will be stamped. However, if there are no visual indications, there are other ways to determine purity. Acid testing is a very simple way to asses karat quality. If you see this method being employed, it’s possible that the tester is a relative newcomer.

Nobody should be surprised by the immense interest generated by the potential profits of smart gold investing. Maybe you’re someone who needs to learn more about gold. Use the information above to help you buy and sell gold.

Read This If You Are Interested In Gold

While gold values fluctuate like anything else, it’s true that it tends to increase in value overall. Gold is always a great commodity to buy and sell. In hard economic times, gold values go through the roof. Continue reading this article to learn the basics of the gold market.

Prior to doing anything with gold, be it buying or selling, you must become knowledgeable about how pricing operates. Silver, gold and platinum prices vary from day to day, so spot check a price on the day you plan to do business. Also, understand that some types of gold will be more expensive than others.

Before you purchase a gold piece, know when it is going to be delivered. If you don’t get delivery immediately, get something in writing which confirms delivery of your pieces. This should include the date the gold will arrive to you buy. Don’t not follow through with the purchase unless you have this in hand.

Do your research and know what the latest gold price is before you sell your jewelry. Doing so will help you figure out if a dealer’s offer is a good one or not. 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.

If you’re selling gold through a mail-in service, do your homework on the company and its policies before you make a commitment. Find out when you can expect your payment, and make sure you insure your package. Be sure you capture photos of everything you put in the mail.

If you have an interest in getting into the gold markets, but don’t have a lot of investment capital, consider buying scrap. You can buy a little at a time, building up a stockpile. This will not break the bank. Store your scrap gold in a secure location until you are ready to sell it.

When you decide on buying gold the first thing to do is look at the spot price. You can find this on a variety of websites, and it can change daily. When you buy, don’t pay over 8% markup over the price. Some dealers charge more than that, but it is a rip-off.

Use a magnet to determine if an item is made of gold. Precious metals that are true like gold aren’t going to be magnetized. Sometimes you’ll find a clasp to be something solid, but everything else is plated. The magnet test is an excellent way to find out.

Never sign a contract without thoroughly reading it first. This is especially important if you decide to sell some of your gold items through a mail-in program. This helps you understand what you will have to pay in fees and commissions.

Never sell gold to a dealer or store with checking their ratings with the BBB first. 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’s a lot of complaints about one company, consider not using them.

You can sell your gold through the mail. Although this process may be easier, you may not earn as much money. You obtain a prepaid envelope, put the jewelry in it, ship it, and get a check for it. But, keep in mind that such enterprises tend to offer lower prices than some competitors. You might receive up to 30 percent less concerning an item you sell, so be aware of this.

If you just want to off-load your gold, you should pause. Gold prices are always going up. Even though it has been high lately, it could eventually get even higher. The longer you can hang onto gold, the more money you stand to make with it.

Over the last decade, gold has increased in value fourfold. Investing in gold depends on how good the dollar is doing. Basically, when the dollar is weak, gold is strong.

Gold is what keeps the economy afloat. To take advantage of this market, learn all you can today. Cement your standing in the gold market by using the tips above.

Make The Most From Buying And Selling Gold With These Tips

All dedicated investors need to have commodities in their portfolios. Additionally, one of the better commodities is gold. From building a retirement nest egg to making beer money, gold can do it all for you when you use the tips below.

Before going to sell your jewelry, investigate what the current market price of gold is. That way you will be able to ascertain if a dealer is providing you with a fair price or not for your pieces. Many dealers will pay market value, however others rely on people desperate for cash to get the most for themselves.

While you may be very tempted to quickly send off your old gold scraps and jewelry to a business that buys gold through the mail, do your homework about the company first. 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.

If you want to sell gold, make sure the buyer has a state license allowing them to do so. A buyer who is licensed is likelier to be legitimate. Many establishments purchase gold, so there is no need to sell yours to the first buyer you deal with.

Know what you have. Not all that looks as if it’s real gold is as valuable as the real thing. Sometimes other metals might be mixed into gold to make it stronger. Items that are not pure gold have a lower value. Many items are only gold plated. Having an appraisal done to your gold can help you get the best idea of its actual worth.

Prior to selling gold, make sure you separate it by karat weight. If the vendor weighs all of your items together, you will not get a fair price for your higher karat items. This is a scam that will cost you money. Separate your items by karat in advance to avoid being tricked.

Gold Prices

Over the past decade, gold prices has quadrupled, which is great news for gold investors. The exact best time to really buy gold is not fully known, but it largely depends on how the dollar does. Higher gold prices go hand in hand with a weak dollar.

Know how to test the grade of gold so that you will be sure to get what you are paying for. Karats are used to rate the purity of gold. The higher the karats, the more pure and the more expensive it is per ounce. You should not just rely on the karat stamp. Understanding how gold purity is tested will help ensure you get your money’s worth when buying or selling gold.

Have a plan in place before you begin investing in gold. Although gold can add a nice balance to your portfolio in case of rough economic times, it is still considered an investment that fluctuates wildly. If you define your goals before investing, you will be better equipped for making a good investment.

After reading this article, you should know more about gold than you did before. Save for retirement or just for a rainy day, or reinvest your earnings. Keep these tips on mind and continue securing success with gold.

Top Tips To Get The Most Out Of Buying And Selling Gold

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 desires gold; however, many do not know how to invest in the gold market. If you’re looking to invest significantly in gold, the following advice can help you get the best value for your money when you buy or sell this precious metal.

When selling gold, it is a good idea to get an estimated value from more than one source. Dealer prices vary by store. Therefore, it is wise to get several offers to ensure the best price.

Bullion bars are an excellent gold investment. Their weights can vary. The bars vary in size from half an ounce to 400 ounces. However, the really big bars are very hard to come by.

Prior to selling old jewelry, research the going price for gold. 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.

While you may be very tempted to quickly send off your old gold scraps and jewelry to a business that buys gold through the mail, do your homework about the company first. Understand when you will be paid and how you can insure the mailer. Take a photo of what you mail to battle against disputes down the road.

If you don’t have much money to invest in gold, you could start by purchasing scrap jewelry pieces. This can be done bit by bit. For example, you might invest a bit each payday to amass an impressive collection of gold as time passes. Keep it inside a safe location until you get enough to cash in.

Get an appraisal if you do not know the value of your gold jewelry. This can cost you a little initially, but you want to know right? Look for an independent appraiser who is properly accredited if you want the most accurate value. Understand that you probably will not get the full appraisal price when you sell your gold.

If you will be selling your gold, shop around for best prices. Many stores do not pay the going rate for gold. Kiosks in malls and other high-traffic areas pay more in rent and operations, thus, reducing the amount of money they are able to offer for your gold.

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. Is it based on the stamp? In some situations, though, no visual sign presents itself, so there are other ways of determining it. Using an acid test can be a great way to determine the karat of the gold.

Gold Market

Do your homework before rushing to invest in the gold market. There are predators out there in the gold market that claim to be big shots but just want you investing with them. Nonetheless, you should be wary of high flung promises of wealth. Do not think of gold as some way to get rich quickly, and you won’t be disappointed.

Never sign a contract without thoroughly reading it first. You need to know what you’re getting into if you’re using a mail-in purchasing service to sell gold. This helps you understand what you will have to pay in fees and commissions.

Solid Gold

Sometimes an item will have solid gold backing; although, the jewelry is not solid gold. This is true of earring backings, necklace clasps and the bands of rings. Attempt to sell pieces such as these as a “lot” since those pieces are fairly lightweight. A larger profit can be obtained this way as many pieces are being sold in one “lot”.

Gold is a trade-able commodity as well as being a metal prized for its beauty for thousands of years. Investing in gold makes good sense because it not only retains value, but can increase in value over time. Armed with your new knowledge of gold investing, you should be ready to get going with gold right away.

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

The market that gold commands has seen a huge spike in popularity because of the worldwide recession. You may wish to use gold as a kind of safeguard for your investments. Eliminate your doubts with the tips below.

Look online for the most reputable gold buyer you can find. You can look at online reviews, check at the consumer protection organizations or read on message boards about complaints. Shop around to get the best price for your gold.

You may be put off by the price of gold, making you go with gold-plated or gold-filled jewelry instead. You can acquire gold jewelry from a number of sources at a reasonable price. Visiting flea markets and pawn shops can help you to get the very best price.

Before selling gold jewelry, see what the current prices are in the gold market. You will then be prepared to negotiate. Dealers often assume that people who are trying to sell gold need quick cash and will try to take advantage.

If you plan to invest in gold as part of your retirement plan, be sure to do it wisely. It’s crucial that the gold be IRS approved. That means only 24 karat and only coins or bullion. Over time, gold bars appreciate better than gold coins.

When buying gold jewelry for another, make sure you can return it. It is impossible to tell if a jewelry item will be well liked or suitable. For this reason, it is important to purchase jewelry items that come with a money back guarantee.q

Containing Gold

Realize that any piece containing gold is marketable. Whether it is jewelry or home decor related, it could be an everyday item that you have within the home. Even things that are not pure gold can have value. The items can be gold-plated or made of an alloy containing gold. You can still get some decent money selling these items.

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. If you are selling to pawn shops or most private sellers, expect them to offer the melt value. Don’t let this discourage you, because you will eventually find the buyer you are looking for.

There are many sites where you can purchase gold, such as GoldMoney. This is like opening a bank account for gold. All you do is set up the account, deposit funds, and then you are assigned gold to your account. The gold remains in the bank until you sell it.

When you attempt to sell gold, make sure you know the current market prices. Compare prices with other gold dealers. This will help you figure out a good price point. Always ask a little above what you want so there is room for negotiation.

Talk to someone at any gold party to determine how they decide a piece’s karats. Quite often, the gold will be stamped. However, at other times, there is no stamp, so a lot of reps use other ways to find out. Acid testing is a very simple method, so if a representative is using this, they might be new.

Gold markets have experienced a tremendous boon in recent times, most likely in reaction to the deep financial insecurity that has gripped much of the world. Now that you have a basic understanding about buying and selling gold, apply it to your investments. Use the above tips to become more knowledgeable about gold investing.