Category Archives: Philanthropy

Learn All About Gold With These Tips.

Recently, because of the economic downturn we see the gold market reaching new heights in popularity. Though more and more people are using gold to help with finances, most don’t know how to properly do it. This article contains information that will help gold investors learn how to get more value from their investment.

When you sell gold, get multiple estimates of its value. Several gold-buying services and jewelry stores get different profits for the gold they buy. When you have several estimates, you’ll have a better idea of what fair market value is.

Gold is something that changes in price all the time. This is why you should know what it’s worth prior to selling. Don’t forget to take into account the different karat values of your gold pieces. Don’t sell gold jewelry that may be worth more when sold as a designer piece.

When selling gold, sell to reputable buyers. 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 normally pay the going rate for gold, and offer superb customer service than a company than is not legitimate. Doing this protects your investment.

If you plan to sell jewelry through mail-in companies, make sure to do your research first. Find out when you will receive your payment, and get insurance for your package. Take a photo of all the items you are sending so there will be no questions later.

Look into buying scrap gold if you can’t afford to get into the bigger market. If you do this on a regular basis your collection would grow quite quickly. Protect your gold until you can sell it.

Anything gold is able to be sold. Old or broken jewelry, old coins and tableware are just some of the things that may contain gold, It also doesn’t have to be 100% pure gold. Items that are partially constructed of gold or even gold plated are acceptable. The amount you can get will depend on how pure your item is.

Antique stores may hold valuable gold. You can find great bargains if you understand what to look for. Many people donate or sell to these places at low prices because they don’t know what they own. If you conduct research, their loss can turn into your gain.

When you try to sell gold, you must research the market to find the right price. Look to see what others are asking for when it comes to similar prices. That allows you to get an idea of the market value. Ask a bit more than you want so you can negotiate with the buyer or seller.

Prior to picking a gold buyer, comparison shop. You might be surprised by the price variants. If you stick with your first buyer, you could get a terrible deal. Spend a bit of time on the front end so you get the most profit out of the transaction.

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. In most cases, the item is simply stamped. In other cases, there’s no visual evidence and the rep must make the determination by an alternate method. Using an acid test can be a great way to determine the karat of the gold.

Always make sure you’re researching the gold market prior to investing in anything. There will probably be people saying that they know what they’re talking about just so you’re likely to invest with them. But, be wary of get-rich-quick promises. Avoid such talk and thoughts so you can avoid unrealistic expectations of what gold can do for you.

Gold has always been an integral part of people’s lives. If you know about the market, you can invest in gold yourself. Use this information to get the most from an investment in gold.

What You Need To Know When You Are Dealing With Gold

If you are interested in safe investments, gold is an excellent option. Gold can even out your financial portfolio. How do you get started? There a few things to learn, but it is not rocket science. Use these tips to make gold investing a part of your financial plans.

Get multiple estimates for your gold pieces if you are looking to sell them. There are quite a few stores selling jewelry or that buy it, and they sometimes make more money on the gold than you make on it. If you’re able to work with a couple of different places, you can see if you’re getting the best deal.

Sell Gold Online

It is possible to sell gold online. You don’t have to go to a jewelry store or pawn shop. There are many places to sell gold online. You will receive a package that details how to send you gold pieces. If everything is okay, they will pay you whatever their current rates are.

Fully research any buyer that you’re considering sending jewelry to through the mail. Your package needs to be insured, and you need to be aware of when you are going to receive payment. You can also protect yourself in case of any disputes by snapping some photos of your jewelry before sending it off.

Don’t have much money? Invest in scrap gold. Do this regularly over a certain length of time, and in 12 months or so, you would have accumulated a good amount. Keep the gold somewhere secure until you’re ready to sell it.

You can get varying prices depending on how you sell it. Usually, you will only get the melt value from both private sellers and pawn shops. However, if you are patient, you will find a buyer who is willing to pay top dollar for your jewelry.

A fast, cheap way to test for gold’s authenticity is to use magnets. Gold, unlike other metals, will not be attracted to a magnet. There may be times when an item of jewelry has a solid gold clasp, but the rest of the item is only gold plated. This can be a useful method of testing for that.

Talk to a gold representative to learn how they test gold for purity. Many times the item will have a stamp. A visual cue may not be available so other methods are used to figure it out. Dealers using an acid test may be newcomers, as this is a very basic test.

While gold may be a great investment, it may also be volatile. If you’re not wanting to stomach the ups and downs, then you need to steer clear. If you are able to handle it, then you can still limit the downside risk involved. You should invest only 10% of your portfolio in gold. Limiting gold to five percent or less of your total investment is a good idea.

Knowing the right decisions for investing in gold is part of learning the whole investment process and your options that exist. This piece has provided assistance, and you ought to be prepared to make your move. Use these guidelines to pad your pocketbook.

Gold Information You Will Not Find Elsewhere

Many people love gold, but don’t know much about it. Lack of knowledge makes it difficult to take full advantage of all of gold’s benefits. The advice below will be quite helpful to anyone who is not familiar with the ins and outs of gold investing.

When you invest in gold, it is a good idea to go with buillon bars. The weight of these bars vary. You can find bars weighing anywhere from a half of an ounce, up to four hundred ounces. It isn’t easy to get the big bars, though!

Be sure to find a reputable gold buyer to do business with. There are several ways to find out about their reputation, such as online reviews or Better Business Bureau filings. A reputable buyer will typically pay you a fair price for your gold, and they will offer better customer service than less reputable buyers. Make sure that you protect both your investment and yourself.

It is possible to sell gold online. Gold trading doesn’t necessarily have to happen at an establishment with walls. There are plenty of websites that are ready and willing to buy your gold. The site sends you a prepaid mailer to put the gold pieces in. If they accept the pieces, you will receive their prevailing rate.

If you are thinking about selling some of your gold jewelry, know what the going market price for gold is. This way, you’ll know whether you’re really being offered a fair price. Dealers will charge you a premium on top of market value so they can make some money too.

Be aware that it is possible to sell anything with a gold content to gold dealers. You could, for instance, sell some broken jewelry, some tableware, gold coins or many other objects. Nor does it have to be 100% pure gold. It could be gold plated or a bit of gold and still be sold. You can still get a good return on the sale.

Spot Price

Always check the daily spot price before you buy gold. This price can be found on a number of websites. You shouldn’t pay more than 8 percent over the spot price. Anything more is unethical.

Don’t brag about your gold purchases, no matter how excited you are. You cannot put your trust too easily on people. Keep your investments safe and secured in a bank or home safe. This ensures that your gold is protected under all circumstances.

Get a good grasp on what you own. A lot of the time, gold isn’t really worth what it looks like it’s worth. Often, you will find other metals mixed into the gold in order to strengthen the item. That can make it less valuable. Gold plate is also not very valuable. If you don’t know what you have, have it appraised before trying to sell it.

When you try to sell gold, you must research the market to find the right price. You should see what other pieces like yours have sold for. This will allow you to have a price in mind you can work with. Just make sure to go a little higher than what you actually want so that there is wiggle room for negotiation.

A magnet can help you determine if a gold piece is solid. Precious metals that are true like gold aren’t going to be magnetized. There may be times when an item of jewelry has a solid gold clasp, but the rest of the item is only gold plated. This can be a useful method of testing for that.

Lots of people that are big on gold don’t really know that much about it. However, after reading the above tips and techniques, you should have a better understanding of gold. Use what you learned about gold and incorporate it into make wise decisions in the gold market.

Tips For Making Money By Investing In Gold

The only thing standing between you and a smart investment opportunity in the gold market may be a little good advice, and this article is the place to get it! There isn’t a reason to get intimidated by gold; you should know that by learning about it, it’s easy to deal with. There are many benefits to gold investing, and you should know what these are.

Gold bars are the most economical choice for investment purposes. Bullion bars come in a variety of weights. The weights range from 0.5 oz to 400 oz bars. For the record, four hundred ounce bars are very difficult to find.

It is important to invest in the right type of gold when doing so for your retirement. The gold must be approved by the IRS. They require that the gold be coins or bullion bars that are 24 karat. If you can, purchase bars rather than coins since they are more valuable.

You can get varying prices depending on how you sell it. Most buyers will offer you just the melt value for your gold. You should look for an individual buyer who is interested in the jewelry itself if you want to get a better price.

Licensed Buyers

When selling gold, only work with licensed buyers. Licensed buyers are generally more reputable than unlicensed buyers. Lots of shops or individual operators are willing to purchase gold, so you should never feel you need to go with the first offer you get.

Before you sell your gold as scrap, it is wise to have it appraised first. This rings true especially concerning pieces that are one-of-a-kind. While the appraisal costs money, you might end up with more later on. In addition, appraisers may know people who may be interested in your jewelery.

A lot of times, earring backs are gold, even when the earrings themselves are not. Necklace clasps and bands to rings are usually real, too. These pieces don’t weigh much, so try selling them all as a “lot.” A larger profit can be obtained this way as many pieces are being sold in one “lot”.

Investigate with the Better Business Bureau before selling your gold to any purchaser. They will have basic information about the business listed, along with any reviews or complaints from others that have done business with them. Pay special attention to any complaints and if they were resolved or not. If there are many unresolved complaints, or a huge number of overall complaints, think about giving your business to someone else.

You can actually sell your gold through the mail! Sellers often like the simplicity of this process. You ship your jewelry in a prepaid envelope, and then you receive a check. Remember that these places usually do not pay as much as other places for gold. Keep in mind that you could be looking at a return of 30% less than other options.

Read the fine print on all forms you have to sign. Gold is a huge business that makes a lot of money. Know exactly what you are putting your signature on. If you aren’t a fan of the terms, go somewhere else. You must protect your finances at all costs.

Now, you have the right information to get started. Make the most of this information to begin your foray into gold investment. Soon you will see how your investments pay off.

Need Ideas For Dealing With Gold? These Tips Rock!

Knowing a good investment strategy is critical before entering the marketplace of gold. You need to be diverse and gold can provide your portfolio with this diversity. But, where to start? All of your choices may overwhelm you. Read on to simplify the entire process and get started with gold investment basics.

Only sell to reputable buyers. Verify their good standing by checking with the BBB and reviews online. A buyer with a good reputation will normally pay the going rate for gold, and offer superb customer service than a company than is not legitimate. Research helps protect you and your investment.

Before you get into investing or selling gold, it’s best to understand how it works. 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.

If you’d like to sell scrap gold or jewels, look around for the best price. The “spot” price for gold is determined by a constantly fluctuating market, so not every store is going to pay it. Stores located apart from larger shopping centers may have fewer fixed costs and are thus, able to pay higher prices.

Figure out what you’re really in possession of. Everything that appears to be gold isn’t worth its own weight in it. Usually gold is mixed with other metals to give it strength. That can make it less valuable. Gold plated items are subject to this too. If you are not certain about what you have, an appraisal before selling is wise.

It is crucial that you understand the gold market before you try to sell any. Look around to understand what people are asking for similar pieces. That allows you to get an idea of the market value. In order to be able to negotiate, you ought to give a price above the amount you really want.

Use a magnet to determine if an item is made of gold. Precious metals like gold are not going to be attracted to a magnet. Sometimes it’s the clasp that is gold, while the rest is only gold-plated. This is a good way to test that.

Talk to a the gold party representative to learn how they make karat determinations. In many cases, items are stamped. There are ways to determine a piece’s purity if no stamp is present. An acid test is one of the least complex ways of doing so, so if the representative is using that test, they may be new to the business.

Those costume earrings you’re holding in your hand may have real gold backs or hoops. The bands to rings and necklace clasps are often times real as well. Attempt to sell pieces such as these as a “lot” since those pieces are fairly lightweight. You may be able to sell them for more as a bunch.

Sending your gold away via postal mail is one option for selling it. Lots of sellers prefer this process, as it is easy. They send you a prepaid envelope, which you then turnaround and send your jewelry to them to get your check back later. Although this method of selling your gold is convenient, you might not get top dollar for your gold. Keep in mind that the convenience of mailing your gold is going to take a substantial chunk out of the money you end up receiving.

When working with a dealer of precious metals, carefully examine every page of the contract before signing it. Gold dealers have to protect their investment. You need to completely understand the contract you are signing. If you aren’t a fan of the terms, go somewhere else. It’s better to walk away and find another deal than run any risk to your personal information or financial wellness.

Gold is usually a safe investment but this precious metal can also be volatile. You will probably observe some fluctuations on the short term but you should not let this stress you. Look for ways to limit your risks, for instance by investing small amounts in gold. Because of the volatile market, only a small amount of your portfolio should be invested in the gold market. Usually five percent is good enough.

It takes time to figure out which of the many option available is the right one for you. You’ve received help from this article. All you have to do is make your decisions. Use these guidelines to pad your pocketbook.

“Golden Advice”: Top Tips For Gold Selling, Buying, And More

Many people have notice the increased interest in investing in gold. If you want to do well in this investment, you need a solid knowledge base behind you. Read on to learn how to make your gold market entrance.

Gold bullion bars are great investments. There is a great variety of different weights. They can be found in sizes as small as a half-ounce or as large as four hundred ounce bars. The 400 ounce bars are generally hard to find.

Go with a legit buyer if you’re selling gold. Look them up using the Internet and the Better Business Bureau to find reviews. A legitimate buyer will pay you fairly for your gold while giving you great customer service. This extra step makes sure that you are covered and paid appropriately.

If the reason for purchasing gold is for your retirement fund, it’s crucial to purchase the appropriate kind. This needs to be gold investments that have IRS approval. They require that the gold be coins or bullion bars that are 24 karat. Bars typically are more valuable than coins are.

If you are interested in investing in the gold market, but do not have lare amounts of capital, consider purchasing scrap gold. 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 your collection safe until you have an sufficient amount to cash in.

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. Independent gold dealers with low overhead, for instance, may be in a position to offer you better terms than upscale jewelry stores.

Don’t ignore thrift stores and antique shops when searching for gold deals. A smart and educated gold shopper can make some great finds. Usually, you will see donated items of great value because people are unsure of their cost. A little bit of effort on your part to look around can yield big results.

Approach the market with caution. All markets have their flaws, and the gold one is no exception. A lot of companies and individuals trading in gold rely on taking advantage of unsuspecting consumers in order to increase their profits. For this reason, it is very important to thoroughly research any gold buyer you are considering.

Talk to a the gold party representative to learn how they make karat determinations. In most cases, the item is simply stamped. Sometimes, however, there is no visual sign, so many representatives have other methods of figuring it out. Using an acid test can be a great way to determine the karat of the gold.

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. The weight is low, so sell these items together. The more you have, the more they will weigh.

It is well known that gold is a good hedge against inflation and rough economic times. Many people have used gold to help them keep the wealth they have and even increase it. Maybe you have long wanted to understand this market better. By using the guidance in this piece, you can truly succeed.

The Top Gold Information You Should Know About

In recent years, many people have enjoyed the fact that gold has gone up in price, and it has continued to grow with time. As someone who stands to gain a lot from gold, you will be pleased to know that anyone can find success. These tips can help you turn a profit.

Bullion bars are an excellent gold investment. They are available in various weights. The weights range from 0.5 oz to 400 oz bars. The smaller bars are more common, while the larger ones are harder to find.

Investigate the reputation of any firm you are considering doing business with. Check reputations at the BBB and via online reviews. A legitimate buyer will pay you fairly for your gold while giving you great customer service. Protect your invest and look into these companies.

Think about selling gold via the internet. You no longer need to buy and sell gold at a physical location. Many websites are available will help you sell your gold. The site will mail you a kit for mailing in your items. Shortly, you will receive a check for a fair price for your gold.

Delivery Date

Before you buy gold from gold sellers, ensure you have scheduled a quick delivery. If the seller delays delivery, you have to get a written confirmation on when the expected delivery date is. The confirmation should include an estimate of the delivery date. If you cannot get this document, do not complete your order.

Be sure you research a company before sending them gold in the mail. Find out when you will receive your money, and never send your package without insuring it first. Be sure you capture photos of everything you put in the mail.

You must be sure to purchase the right type of gold if you hope to rely on it in your golden years. The IRS must give its approval for your investment. It needs to be either 24 karat coins or bullion bars. Consider bars more than coins, since they have more value.

Realize that any piece that contains gold can be sold to a buyer. Examples of saleable items include broken jewelry, spoons, forks, household goods, etc. Note that these items need not be pure gold. Items that are gold plated or filled are also valuable. The amount you can get will depend on how pure your item is.

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. Many companies will pay for your postage when you send but charge a high price when they return the piece to you. Be certain you know exactly what those fees will be.

GoldMoney could be a good resource when you want to buy gold. It is akin to establishing a bank account in which you deposit gold. You create an account and fund it; then your account is given some gold at the market price. The gold itself is in a vault at a bank, and you can cash it or redeem it for gold bullions.

Do not forget to search thrift shops and antique stores for hidden treasures. When you know what to look for, you can find a great deal. Often people do not realize the value of old jewelry and simply donate it or put it in a garage sale. If you’re educated on how to make these finds, you can score some great deals.

Fine Print

Review all fine print in sales contracts. 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.

Now that you have finished reading, you should have a good idea on where you can get started in the gold market. Whichever way you get involved, you can realize profits with these tips. Keep this information in mind so you are prepared.

Get To Know Everything There Is To Know About Gold

Lots of people love gold but don’t know a lot about it. That little amount of knowledge makes it tough for many to take full advantage of gold as an investment. The following article will teach you what you need to know about gold.

Get your gold valued by multiple sources. Dealer prices vary by store. When you have several estimates, you’ll have a better idea of what fair market value is.

If you are thinking about selling some of your gold jewelry, know what the going market price for gold is. This can help you discern whether you’re being offered a good price or not. Most dealers will make you a fair offer, but some will try and rip you off.

If you plan to mail your gold jewelry to a firm, do some research on them and their policies before you do so. You should be clear about when you can expect to be paid. Insuring your gold shipment is a good idea, too. Lastly, write down and also photograph everything you send to this company just in case you have a disagreement.

If you will be selling your gold, shop around for best prices. While many stores state they pay the standard price for gold, there are a number of them that do not. Stores which are not centrally located may be able to give you a better price.

Make sure that you know the current market value of your gold before selling it. This can be seen at numerous websites, but keep in mind it can often change. Only place your order if you can find a dealer willing to sell for an 8% markup or less over the spot price. Some sellers try charging more, but that’s overcharging, which is generally unethical.

Purchase Gold

Make sure you’re only selling to someone who has a license to purchase gold. Licensed buyers are generally more reputable than unlicensed buyers. There are many stores and individual buyers looking to purchase gold, so always know you have multiple options, and never just the first deal that comes up.

Understand what you really have. Not all pieces that appear to be gold are worth their weight in gold. Many times, other metals get mixed with gold for more durability. This can lower the price. The same goes for pieces that are gold plated. If you don’t know how much your gold is worth, then it would be wise for someone to appraise its worth if you intend on selling it.

Prior to picking a gold buyer, comparison shop. You may be shocked to see how different the offers are! If you take the first offer, you might get the worst deal ever! Invest the time into the process, and you will be rewarded in the end.

Always make sure you’re researching the gold market prior to investing in anything. Not everyone who claims to be a gold expert really is. They may just be trying to trick you. Be careful of promises claiming you’ll become rich. Gold won’t get you rich overnight, so don’t expect as much.

As previously discussed, for as many people as there are that love gold, very few know much about it. After reading this article, you should know more. Use this information and make sure you use it so you can make smart choices about gold.

Good Tips To Use When You Need Information About Gold

Today is the day to invest in the gold market. Rather than feeling intimidated by the gold market, learn about it. Investing in gold carries many advantages, and you must learn what they are.

Make sure that you get a quality estimate from a reputable source before selling your gold. A lot of services and jewelry stores are out there, and they will usually vary in how much they profit. By seeking multiple estimates, you are able to determine whether an offer is truly fair.

If you wish to enter the gold market but don’t have tons of capital, try buying scrap. 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. Make sure you have a safe place to keep your gold (a safe deposit box is ideal) while you’re collecting it.

Take a look at the spot price prior to going out to purchase gold. This information is available on a number of websites. Don’t buy anything marked up over 8% of this. While many companies attempt to charge more, this is simply not ethical and should be viewed with caution.

Keep your gold investing to yourself. This is because you never truly know who may be listening. Protect your investment in a secure home safe or in a safe deposit box. This will help protect you.

Research the market price of gold before you attempt to sell yours. Check out the competition and what they are offering. This lets you determine a fair market value starting price point. Always start a little higher that what you are actually hoping to get, so you have room to negotiate.

Shop around before you decide which gold buyer you will use. You may get a wide variety of offers. When you just take buyer number one, you may lose money. Invest the time into the process, and you will be rewarded in the end.

Appraise jewelry before scrapping it. This is particularly important for unique pieces with detailed craftsmanship. Even though there is an appraisal fee, you could see a lot of extra money in your pocket. An appraiser might even be able to help you sell your special item.

Those costume earrings you’re holding in your hand may have real gold backs or hoops. In addition, necklace clasps or ring bands may be gold, too. Since such pieces often weigh little, attempt selling them in a “lot”. This is a bunch of different gold pieces in quantity and can help you to get more money for them.

You can invest in gold without collecting 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 decide to buy physical bars or coins, remember to consider how much it costs to store the gold securely.

If you are selling gold pieces you own, keep pieces of different karats separated. If you keep them together, an unscrupulous dealer may try to weigh all the pieces in one batch, then pay you the lowest karat price for all of them. You will lose money that way. Instead go in with the piles pre-separated so that you’ll get the most for your gold.

One option when selling your gold is to send it away in the mail. A lot of people who sell gold prefer this simple option. They provide the envelope to send your jewelry ,but you should have your package certified and insured. The price they pay will be very low, though. Keep in mind that you could be looking at a return of 30% less than other options.

Gold is usually a safe investment but this precious metal can also be volatile. If you do not have the stomach for quick jumps up and down, stay away. If you can, try to reduce your downside risk. Invest only a tiny percentage of your portfolio in gold. Limiting gold to five percent or less of your total investment is a good idea.

This article has given you the advice that will help you begin with your new interest. Start investing in gold with the knowledge you’ve learned in this article. Before you know it, you’ll be reaping the many benefits of gold.

The New Gold Rush: What You Should Know

When thinking of financial things, know that gold is near the top. Do you want to learn how you can profit off gold? There are a number of things to think about, whether you buy gold raw or just dive into mutual funds. Keep reading to understand gold investing a bit better.

You can actually sell your gold online. You don’t need to visit an actual store to do this. It is possible to utilize a website to sell gold items. You will receive a package that details how to send you gold pieces. If when they receive it, all is as they expected, you’ll get their current rate.

Before you purchase a gold piece, know when it is going to be delivered. If this is not possible, make sure you get a written contract outlining when the items will arrive. The date they expect you to get them should be listed. Proceed with an order only if this information is forthcoming.

Save your money to buy higher quality gold and avoid gold-filled and gold-plated pieces. You can still buy gold jewelry without spending a ton at a jewelry store. Pawn shops and online sites have hundreds of gold pieces for sale.

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. You should find out how long the process takes, and get package tracking and insurance on your package, too. Take a photo of what you mail to battle against disputes down the road.

You should think about scrap metal if you want to invest in gold without hitting the markets. It is possible to accomplish this over the long haul, by purchasing some gold every pay day, and build up a valuable reserve within a year. Be sure to stash your gold safely away until you decide to sell it.

Anything that is gold can be sold. Decorations, flatware, broken jewelry, anything you have with real gold content is potentially valuable. Solid 24-karat gold isn’t the only type that dealers are interested in, either. Items that are gold plated or filled are also valuable. You can still find a nice return on the sale of it.

Take your old gold that you want to sell to a number of different gold-buying companies before settling on one. Prices paid will vary from shop to shop. The overhead of the store involved may determine how much or little they are able to offer.

Spot Price

Make sure you know the spot price of gold the day you plan to buy or sell. Many websites update this information daily. When purchasing, don’t pay greater than 8% markup above the spot price. Paying that price would simply be unfair to you.

You probably are amazed how much goes into buying and selling gold now that you’ve read the last few paragraphs. You can now make a better decision about using gold in your investment portfolio. Remember the advice you learned here when you invest in gold.