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Get Top Tips On Gold Buying And Selling Right Here

Gold investment is a popular strategy for people seeking a way to ensure the best chance of long-term profit. Many believe that gold markets are the ideal safe haven when economic troubles prevail. If you want to learn more about this particular investment sector, keep reading.

You might be shocked by how much gold costs these days. You do get to buy gold jewelry without spending a ton at an actual jewelry store. Pawn shops can offer many good deals and there are also many online buying options.

Realize that all items containing gold have some sort of resale value to dealers. You could, for instance, sell some broken jewelry, some tableware, gold coins or many other objects. Having 100% gold isn’t required, either. It just needs to be plated or maybe only a part of it’s gold. You will still stand to make a bit of profit.

Selling gold depends on what sort of piece it is, be it a coin, bar or piece of jewelry. Private sellers and pawn shops just want the melt value. It may take longer to find the right buyer, but you will get more money this way.

Don’t sell to entities that are not licensed by the state to buy gold. This does not prevent you from getting scammed, but a licensed buyer probably has a better reputation. There is a lot of competition out there, so you can sell to someone else if you’re not happy with the first offer.

If you don’t want to worry about storing, shipping and insuring your gold, consider buying GoldMoney instead. This is the equivalent of establishing a gold bank account. You create an account and fund it; then your account is given some gold at the market price. 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.

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. There are individuals who will not hesitate to take advantage of you if you give them the opportunity. Research gold and gold companies before trading.

When dealing with any gold buyer, make sure you shop around before making any final decisions. It might come as a surprise and you never what kind offers are out there! 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.

Figure out what all of the fine print means when you’re working with a sales contract. If you’re looking at selling gold through a mail-in dealer, you will want to know all the finer details that entails the process. You’ll then know the amount of your profit that will go to fees and commissions.

Many times earring posts are made of solid gold, even when the actual earring is not solid. Sometimes rings are only partially gold, and sometimes necklaces just have gold clasps. You can sell these small pieces together. That means they are collected into an assortment that can bring a better price together.

You do not have to physically own gold to invest in it. You can invest in gold mining stocks or purchase shares in an exchange traded fund or mutual fund that focuses on gold. If you opt to buy gold coins or bars, you should consider how you will store your gold.

Making your way into trading gold is not hard if you educate yourself on the process of the market. Now, you’re ready to go panning for gold. Use the information here to your advantage as you seek to invest your more wisely.

What You Probably Did Not Know About Gold

Gold has held its value despite market instabilities, and this has made it an extremely popular investment. You may wish to use gold as a kind of safeguard for your investments. Read on to learn more today.

You need to be cautious about the kind of gold that you purchase to help fund your retirement. This needs to be gold investments that have IRS approval. It needs to be either 24 karat coins or bullion bars. Bars are generally more valuable than coins and should, therefore, be favored.

Realize that all items containing gold have some sort of resale value to dealers. For example, you might sell home accent pieces, dinnerware, and old or broken rings and necklaces. Even things that are not pure gold can have value. It may just be plated or partially pure. You will still receive money from the sale of these items.

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. The quickest way to sell off gold (and the one many dealers and pawnbrokers prefer) is for the melt value. Don’t let this hamper you, because you’ll find the right buyer eventually.

Make sure that you know the current market value of your gold before selling it. You can find that on a lot of websites, and that can change every day. Paying for gold that is any higher than an 8% markup is not a wise investment. Be on the lookout for any unscrupulous dealers who try to get away with overcharging you.

Don’t go into the situation blindly when selling gold; always know what the market price is. It’s also a good idea to research what similar pieces have for asking prices. Doing this will provide you with a helpful price to work around. Always ask for a bit more than you really want in order to allow for negotiation.

Use a magnet if you want a cost-effective way to determine whether or not the precious metal is real. Gold and other real precious metals aren’t attracted to magnets. Sometimes it’s the clasp that is gold, while the rest is only gold-plated. A magnet is a good tool for discovering fake gold.

Instead of immediately thinking you have scrap gold, take it to get appraised first. This is true for pieces made with fine craftsmanship. The appraisal will give you the best idea as to the worth of your gold. They may even give you a reference to a buyer.

You don’t have to physically own gold to invest in it. It is possible to purchase stocks of gold mining companies, shares in a gold ETF or a mutual fund whose focus is gold. If you want to get physical gold, factor in the cost of storage in a secure location.

You can actually sell your gold through the mail! A lot of sellers prefer this process due to the simplicity. You get a prepaid envelope, you put your jewelry in and you ship it off, only to get a check in return. The price of this convenience, though, is that you will be paid considerably less for your gold. Be aware of the fact that you may receive approximately 30% less in some instances.

Gold is usually a good investment, but there are no guarantees. If you’re not ready for a roller coaster ride, gold investing is probably not for you. However gold is perfect for long term investments. Only invest a small amount of your financial portfolio. Five percent is a good limit.

IF you want to be a good gold investor, find out how you can test the grade. You measure gold purity using karats. Gold with a higher karat value is more valuable per ounce. The stamp isn’t enough to go on. Understanding how you can test gold’s purity will help ensure you never overpay.

Gold Investing

Many people around the world are concerned with the economy’s troubles, and rightly so. Gold investing has become very popular, and some believe it’s because of these recent troubles. Understanding gold buying and selling is the best way to use these markets to your best personal advantage. Use the above tips to become more knowledgeable about gold investing.

Your One-stop Guide For Everything Gold Related

Everyone can do well trading gold if they have the right information. Maybe you have considered joining the throngs of people who take part in this market on a daily basis. If that’s the case, keep reading for useful advice to get into the gold market.

Gold bars are the most economical choice for investment purposes. The weight of these bars vary. They start at a mere half-ounce, but also rise as high as four-hundred ounces. For the record, four hundred ounce bars are very difficult to find.

Comparison shop when it comes to selecting a buyer. You can look at online reviews, check at the consumer protection organizations or read on message boards about complaints. If you get bids from a few buyers, you can likely get a better price.

Look at the spot price of gold before selling. This will indicate whether you’re getting a fair price or not. Many dealers will pay market value, however others rely on people desperate for cash to get the most for themselves.

Check the return policy before you buy anyone a gift of gold. 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.

Realize that all items containing gold have some sort of resale value to dealers. Gold pieces can be anything from jewelry to tableware, even home decor. It doesn’t need to be 100% gold either. Items that are partially constructed of gold or even gold plated are acceptable. You can still turn a profit on these pieces.

Try a site like GoldMoney to purchase 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. Instead of having to keep this valuable commodity at home, it sits safely in the vault at the bank. You are free to withdraw any time you chose.

Talk with a gold expert on how they go about attaching a price to a piece of gold, so you know how much a karat is worth. The item is stamped, a lot of times. In other cases, there’s no visual evidence and the rep must make the determination by an alternate method. If a buyer uses acid testing, it’s an indication they are a newer business.

Before you sell your jewelry for scrap gold, have them appraised. You may have pieces that are worth more than their weight in gold due to historic or artistic value. The appraisal isn’t free, but it can boost your selling price. This is also a great way to locate buyers who might be interested in your gold.

Be sure to check the credentials of all gold buyers, jewelry stores and dealers with the Better Business Bureau. Here, you will find information regarding the business, as well complaints and reviews from people who’ve dealt with them before. Take a close look at complaints, and look to see if resolution was achieved. If they have a ton of complaints or many that are unresolved, you should consider a different business.

Anyone can enjoy gold as an investment method. Perhaps you’ve hesitated about investing in gold, but now the advice you’ve read should get you going. Using the rock solid ideas in this article should let you invest with some assurance. Good luck with your gold investment.

Getting Your Gold To Work For You

Gold is something everyone’s curious about but not everyone is knowledgeable on. That little amount of knowledge makes it tough for many to take full advantage of gold as an investment. If you’re interested in buying gold, then you’re going to think the following tips are helpful.

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). If you get bids from a few buyers, you can likely get a better price.

Compare different gold buyers if you want to sell some gold jewelry or gold scraps. While spot pricing is the national standard, most stores don’t honor it. Look at places where it costs less for the company to do business, so they can pay more for the gold.

Find out if the firm you are mailing your gold to will ship it back, and how much that will cost. While businesses may claim free shipping, they may also charge you to send the pieces back. Know ahead of time if you must pay to get jewelry back.

Don’t sell to entities that are not licensed by the state to buy gold. Most states require that dealers be licensed when dealing with the buying and selling of gold. There is no shortage of places to do gold trading, so don’t feel pressured to take the first offer you get.

Before you consider selling your gold, check the BBB.org website. It has basic company information on them, along with complaints and reviews from those that have dealt with them. The key thing to look for is how complaints against the business were resolved. If you see many complaints, then you need to find another business.

Scrutinize any forms that a gold dealer gives you. Gold buying and selling is serious business, not a game. Know what you’re agreeing to when signing anything. If you don’t agree with their terms, find another dealer. Sometimes this is right thing to do to protect your interests.

Get to know any dealer you’re going to buy gold from. Speak with the BBB in your area to be sure the dealer is reputable. You can phone the BBB or visit their website to see if any customers have filed any complaints against a company for not-so-great business practices. If there have been complaints filed, consider using a different dealer.

Prior to investing in gold, set goals. The gold market is volatile, even though it is a good investment when the economy is in trouble. You will get a better return on your investment if you have some clear expectations and choose an investment adapted to your needs.

Be well versed on the buyback policy of the seller. Certain gold buyers charge premiums for re-selling your gold, though not all do. When you are thinking about sending hefty gold bars or pieces to non-local dealer, consider the logistics. It is always best to hold on to the gold you purchase yourself to ensure its safety.

Buy only jewelry that is pure gold. Golden jewelry will hold its value and can be worn as well. Gold jewelry is worth more when its made of high-end gold, which makes it more desirable.

As the start of this article discussed, as much as gold is loved, it’s not a subject most people can say they know all about. But now that you have read this article, you know more about it. Use what you’ve just learned to make smart decisions about gold.

Good Tips To Use When You Need Information About Gold

Being that the world is seeing some tough economic times, the gold market continues to see a rise in popularity. Perhaps you wish to have a greater involvement in the gold market but need to learn more. You can fix that issue right now by reading on.

Go with a legit buyer if you’re selling gold. There are several ways to find out about their reputation, such as online reviews or Better Business Bureau filings. A legit buyer will offer a fair amount for the gold you have. Protect your interests and your gold by doing this.

Research any mail-in gold jewelry purchaser before sending your jewelry off to them. Your package needs to be insured, and you need to be aware of when you are going to receive payment. The final step is to take photos of your jewelry, just to be sure you can fight any future problems that may occur.

If you buy gold for your retirement fund, be sure it’s the proper kind. It has to be IRS approved. It needs to be either 24 karat coins or bullion bars. Lean towards buying the bars over the coins as they hold more value than coins.

If you want to invest in gold but do not have much money, think about purchasing scrap. Invest small amounts of money in scrap gold. After a few months, you will have accrued a significant store of gold. Just make sure you have a safe place to store your little stockpile until it is time to upgrade.

You can sell anything that contains gold to gold dealers. Old or broken jewelry, old coins and tableware are just some of the things that may contain gold, In fact, a gold piece doesn’t have to be 100-percent gold to be worth something. Even something partially gold or just gold-plated might mean money. You will still receive money from the sale of these items.

Whenever you’re looking at selling scrap jewelry or gold it is best to explore many different companies to know the offers are legitimate. 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. You might get a better deal at a store not in a major shopping mall, since their overhead and rent is lower.

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. 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.

Don’t sell to entities that are not licensed by the state to buy gold. Licensed buyers are much more reputable, and then you can stop worrying. There are plenty of buyers for gold, so do not think that you must make a sale to the first buyer that you meet.

There are many unexpected places to find gold, including thrift stores and antique shops. If you know what you are looking for, there are bargains to be found in such places. Many people sell or donate at these shops for low prices due to being unaware of what they own. A little bit of effort on your part to look around can yield big results.

Be sure to choose a solid dealer with a good history. In order to ensure you’re dealing with a legitimate dealer, check the BBB. You can check out complaints and see if they were resolved. If you notice there are registered complaints, then you need to choose another gold dealer.

When you are in the market to sell your gold, first thing to do is separate each piece into their different values of karats. The value of the gold differs by the karat value of each and if all your gold is weighed together, you will not receive the best cash value. Pieces with higher karats are the more valuable pieces.

Recently, gold markets are tending to boom, probably in response to the financial chaos enveloping a great deal of the world. Know that selling and buying gold is the smartest way you can use the markets to your advantage. Use what you’ve learned here when dealing with gold and you’ll be an expert in no time.

Unlock The World Of Gold By Following These Simple Tips

Since the gold market is a safe place to money into, more and more people are interested in it. Gold investment should not be jumped into blindly. Every investor needs to learn all that they can first. Read on to learn more.

Bullion bars are an excellent gold investment. They are available in various weights. They start at a mere half-ounce, but also rise as high as four-hundred ounces. If you want a 400 ounce bar, you may have a hard time finding one.

Gold is something that changes in price all the time. This is why you should know what it’s worth prior to selling. Weigh your gold by karat for the greatest deal. Remember that jewelry will sell at its melt value, not the price the jeweler wants for it.

Investigate the reputation of any firm you are considering doing business with. Their reputation can be verified though online sources, as well as the BBB. Reputable buyers will pay fair rates for gold and will provide solid customer service. Do this to protect yourself and your gold investment.

Do not dabble in the gold market until you are familiar with pricing of precious metals. There are fluctuations in the prices of these metals every day, and you will want to know the current price. You should be ready to pay a higher percentage for fractional pieces like half ounces and quarter ounces over the melt prices.

Comparison shop when it comes to selecting a buyer. You can read reviews online, check with the Better Business Bureau and discover how each dealer resolves customer complaints. When you get bids from multiple buyers, you may be able to get top value for the gold.

When you buy gold jewelry as a gift, be sure to understand the return policy and get a gift receipt. 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.

When you’re dealing with any type of gold it can be of valuable to someone that buys it. It may consist of decorative items, gold table ware, old items of jewelry and so on. Mixed metal items can be sold as well. Even something partially gold or just gold-plated might mean money. You can still find a nice return on the sale of it.

Think about GoldMoney and other such services when you want to buy gold. It’s like opening a bank account, but for gold. 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 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.

When you sell your gold, make sure you verify the market price that day. Look around to understand what people are asking for similar pieces. This way you have an idea of what you can ask for yours. Start the bidding a bit above what you really want. That way, the buyer can negotiate a little.

Confer with the gold party rep to determine the method used for judging karats. Items are usually stamped. Sometimes, though, an eye test is insufficient and buyers have other ways of making that determination. Acid tests are an easy way to determine value.

Have jewelry appraised prior to selling it to anyone as scrap gold. This is particularly true with pieces that have intricate details with considerable workmanship. While you will probably pay to have an appraisal on your gold, this can certainly increase profits further along the way. By taking your jewelry to an experienced appraiser, you may also find yourself with a good lead on a potential buyer.

There is nothing to suggest that interest in gold will go anywhere but skyward in the coming months and years. Wise investors put in the necessary time to do their market homework and study prior to stepping into a new financial arena. Apply the advice in this article and achieve the wealth you’ve always dreamed of.

The Best Gold Information You Will Ever Find

Recent economic woes have made investors much more interested in securing stable, safe investment sources. As a result, interest in gold has skyrocketed. Investors need to consider many things, however, and many people lack the right knowledge. Below you’ll find some useful tips that can make you a much more intelligent gold investor.

Be well informed about the value of precious metals before buying or selling gold. Precious metal prices vary from day to day and it’s best to check the price before selling or buying gold. You may have to pay higher prices, though, for pieces that have a small fractional measurement.

Make sure you research any gold broker you do business with. You want to work with a reputable gold broker. You can read reviews online, check with the Better Business Bureau and discover how each dealer resolves customer complaints. If you get quotes from multiple buyers, you will get the most for your gold.

Delivery Date

Always make delivery arrangements before purchasing gold from a vendor. Delivery times are important. If your seller can’t commit to immediate delivery, get the delivery date in writing. The expected delivery date should not be a mystery; it should be clearly stated. Only go through with your order if you obtain this document.

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. However, you can still find a deal now and then, which you can turn around and sell for a profit. Pawn shops provide great discounts.

If you decide to send your jewelry to a company through the mail, research them and their terms before heading to the post office. Be sure you figure out when you’ll get sent a payment, and be sure things are insured too. You can also protect yourself in case of any disputes by snapping some photos of your jewelry before sending it off.

If the reason for purchasing gold is for your retirement fund, it’s crucial to purchase the appropriate kind. The gold has to be IRS approved. Only 24K coins and bullion bars are eligible. Since gold bars are worth more than coins, it is best to buy them instead.

If you don’t have lots of money to buy gold, but still want to profit on the upside, think about buying scrap gold. Use the capital you have and purchase what you can and add to it as money becomes available. Just make sure you have a safe place to store your little stockpile until it is time to upgrade.

Spot Price

Find out the spot price for gold on the day that you’re planning to buy. A number of websites feature this information, and it changes daily. Never pay in excess of 8% markup above the spot price. Paying that price would simply be unfair to you.

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. Even if you do not pay for shipping the gold initially, return shipping is an entirely different matter. Realize in advance that you’re out money to get back your jewelry.

Shop around before you decide which gold buyer you will use. You’d be surprised in the variance of prices you’ll get offered. If you go with the first buyer that you meet, you may end up with the worst deal possible. Instead, do your research and get the most for your gold.

Interest in gold has risen in the past few years and keeps growing. But, smart investors will find out about the market prior to getting involved with it. Apply the advice in this article and achieve the wealth you’ve always dreamed of.

Become An Expert In Gold By Using This Advice!

The gold market has seen an amazing boost in interest since the financial meltdown. You might be interested in learning more about gold as a protective investment, but you may not know what you need to know yet. Eliminate your doubts with the tips below.

When selling gold, it is a good idea to get an estimated value from more than one source. 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 shopping around, you will get a better idea of what the gold you are selling is really worth.

Gold prices change quickly and often, so know the current value before you attempt to sell any. If you make the decision to sell gold, separate your pieces by purity level. Because the jewelry you sell will be melted down, keep pieces that are more valuable because of the designer name.

Before buying or selling gold, be sure you are aware of how metals are priced. The prices of metals like platinum, gold and silver can fluctuate greatly in just one day. Before you do any buying or selling, check the market prices beforehand. A higher percentage over the melt should be expected when purchasing fractional gold pieces such as 1/2 or a 1/4th ounce against a one ounce piece.

Sell your gold online. You don’t need to visit an actual store to do this. There are dozens of reputable websites where you can buy and sell gold. The site will send you a special kit in which you’ll return the gold items. They end up paying you once they receive it, but they usually won’t pay you a lot.

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. Ensure you understand the reimbursement terms, and don’t neglect to purchase postal insurance for the package. Also you need to be sure to photograph everything you’ve put in your package in case they start a dispute.

Keep in mind that gold dealers will buy anything that’s got gold within it. Don’t overlook flatware, watches, jewelry and even broken pieces as potential sources of profit. In fact, a gold piece doesn’t have to be 100-percent gold to be worth something. A gold plated item or an item that is not entirely made from gold is still valuable. You are sure to turn a decent profit.

If you want to sell gold, make sure the buyer has a state license allowing them to do so. This does not prevent you from getting scammed, but a licensed buyer probably has a better reputation. Do not be forced into selling to the first buyer you find if you are not happy with the terms on offer.

Buying gold can exciting, but keep that to yourself. You may accidentally be overheard by a thief. Keep your investments personal and protect them at a safe or bank. Doing so means you are protecting your gold.

There is no doubt that gold investing is more popular than ever, perhaps as a result of financial instability that has swept the globe. Knowing how to buy and sell gold like a pro is a good way to leverage the gold market for your personal goals. Take the tips above to heart, and see what you can do with the information to improve your own circumstances.

Are You Looking For Gold Info? Read On

It’s pretty undeniable that gold has gained in popularity since the economy has done a nosedive in recent years. In the rough economy of recent years, there are a large number of investors who have looked at gold as a way to keep their money safe. But, it’s important to know more before trying it. The article below will help you get started.

Bullion bars are a great way to invest in gold. The weights will vary. You can find them from a half ounce all the way up to four-hundred ounce bars. It will be harder to find the bigger bars.

You should always ask for timely delivery when purchasing some gold from a reliable seller. It you don’t have it delivered immediately, find out when you will receive your gold. This should include the date the gold will arrive to you buy. Only go through with your order if you obtain this document.

Before going to sell your jewelry, investigate what the current market price of gold is. Doing so will help you figure out if a dealer’s offer is a good one or not. Though many deals will provide you with its true value, others will try to deceive you so they can get a better deal for themselves.

If you’re unsure what your gold might be worth, then have an appraisal done. This requires a bit of an investment, but it is worthwhile. Make sure that you get a truly realistic value from an appraiser that is accredited. When you sell, you won’t get the whole appraisal value, though.

It is crucial that you understand the gold market before you try to sell any. Try to compare what similar sized pieces are selling for. You will get a realistic idea of what you can expect to receive for your jewelry. Always ask for more than what you want, because this will leave some room to negotiate.

Make sure you read fine print in any sales contract to a full understanding. This is especially important if you decide to sell some of your gold items through a mail-in program. This allows you to know how much of your proceeds will be used to pay for commissions and fees.

You can invest in gold without actually having gold in your hands. Mutual funds and ETF’s, as well as gold mining stocks, are avenues of gold investing. If you decide to buy gold bars or coins, consider how much it would cost to store it securely.

Karat Weight

Gold should be separated by karat weight before sale. Some buyers will weigh all your gold at once and offer you what the smallest karat weight is worth. This is a scam that will cost you money. Instead go in with the piles pre-separated so that you’ll get the most for your gold.

Gold prices have skyrocketed 400% in the last decade. It is unclear whether now is the right time to purchase gold, though the answer often lies in the current status of the dollar. Basically, weaker dollar value boosts gold value.

If you’d like to keep yourself safe when buying gold, be sure you’re researching who is buying it. This is crucial when dealing with any buyer who is out of the state. Any company you want to do business with should be BBB listed so you can check into them.

Gold jewelry is a great investment both monetarily and in an aesthetic sense. Golden jewelry will hold its value and can be worn as well. Well crafted gold jewelry is even more valuable than gold nuggets that equal it in weight.

Great deals can be had when purchasing gold publicly. That said, there are risks involved when you do this. So, make sure you get the coin appraised. If you come across low prices, make sure the item is valuable first by having it appraised by a professional.

Gold’s popularity and importance has risen due to the downward economy worldwide. No matter what your financial circumstances are, you can safely and profitably invest in gold if you educate yourself beforehand. We hope this article has provided some useful pointers.

Make Money In Gold With These Nuggets Of Knowledge

Many gold investors do so as a means of having a safe or conservative investment in their overall portfolio. It can be a wise idea to invest in gold because although it fluctuates it tends to hold its value over time. If you want to learn more about the market, read on.

Go with a reputable gold vendor when selling. Their reputation can be verified though online sources, as well as the BBB. Do not do business with a buyer who does not treat you as a valued customer or does not offer a fair price. Protect your gold investment and yourself.

Gold Dealers

Knowing the current market value of gold is important prior to selling or buying it. Gold dealers cannot scam you out of money when you are informed about the value of your items. Although there are many honest gold dealers out there, there are also those who will try to offer you much less than it is worth.

Take a look at the spot price prior to going out to purchase gold. You can find that on a lot of websites, and that can change every day. Never pay more than 8% premiums on your gold. Many dealers try to overcharge you; however, by being informed you can avoid this trap.

Try a site like GoldMoney to purchase gold. It s sort of like a bank account for gold. You can open an account, fund it and then determine what price you wish to pay for gold allocation. The gold physically sits in a bank vault where you’re able to portion it, cash it, or in certain circumstances, redeem it for one kilo gold bullion bars.

Although buying gold is exciting, don’t talk to people about this. You don’t know who could try to keep tabs on this, and you don’t want to have to worry about trusting people. Keep it to yourself and protected, either with a decent home safe or in a bank. This ensures that your gold is protected under all circumstances.

Don’t ignore thrift stores and antique shops when searching for gold deals. You can find bargains in those places when you’re aware of what you want. Often, gold ends up in stores like this because the original owners didn’t realize the items they had were valuable. You stand to gain a great deal if you come armed with a bit of research.

Be careful approaching the gold market. There are many unscrupulous companies out there who deal with gold. Lots of people will scam you if given the chance. You need to do your research and be careful.

Figure out what you’re really in possession of. Not everything that looks like gold is worth its weight in it. Quite often, other metals are mixed with gold to give some strength to the metal. That can make it less valuable. The same goes for pieces that are gold plated. Get your items appraised before selling your gold.

A fast, cheap way to test for gold’s authenticity is to use magnets. Precious metals, gold included, are not magnetic. Sometimes a jewelry piece is only plated in gold with a solid gold clasp. Using a magnet is an excellent way to find this out.

Before you sell your jewelry as scrap gold, have it appraised. This is particularly true for unique pieces that have exquisite workmanship and design. While you will probably pay to have an appraisal on your gold, this can certainly increase profits further along the way. A professional appraiser can also point you towards potential buyers for high-quality gold jewelry.

You can easily invest in gold if you do your research first. Given your new insight on gold investing, nothing should stand in your way. Use this information as you begin investing in gold.