Category Archives: Philanthropy

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

Gold is a highly prized metal. Since its discovery in ancient times, humans have treasured gold. Here is some advice on how to get started with gold, whether you’re planning on investing or just looking to buy gold jewelry.

A great way to invest in gold is through bullion bars. They come in varying weights. They can be as small as half an ounce or as large as 400 ounces. For the record, four hundred ounce bars are very difficult to find.

Understand the spot price of gold before selling any. Pieces with differing karat values are worth different amounts, and should be weighed separately for selling. Don’t sell jewelry with a designer name that has a higher worth than straight melt value.

It is crucial that you have a solid idea about how the gold and precious metals market works. With silver, platinum and gold the prices vary wildly throughout the day, and in order to get the correct price you must spot check it on the day before making a purchase. If you have gold that does not weigh up to a full ounce, you may receive less than the melt value when selling it.

Gold Broker

Make sure you research any gold broker you do business with. You want to work with a reputable gold broker. Read online reviews, check with the BBB, and see how the dealers resolve complaints. Soliciting multiple bids will help ensure you get the best price.

Use a magnet if you want a cost-effective way to determine whether or not the precious metal is real. If it is a true precious metal, it will not adhere to the magnet. In some cases, jewelry may have a clasp that is made of gold, but the rest of the jewelry piece is made of plated metal. That’s a great way to make sure.

In many jewelry designs, support pieces like the backs of earrings will be made of solid gold, despite the rest of the piece not being solid. Sometimes rings are only partially gold, and sometimes necklaces just have gold clasps. If you want to sell these, though, you need to get quite a few of them together to make it worth it. You may get more money this way.

You can sell gold by sending it in the mail. It’s an easy and quick way to sell your gold. You simply drop your jewelry items in a prepaid envelope and wait for your check to come in the mail. However, you have to remember that you’re not going to get the most from your gold this way. A seller might offer you as little as 30 percent of the value, so be careful.

Scrutinize any forms that a gold dealer gives you. This is a large money making endeavor with lots of dollars associated with it. You need to know precisely what you are signing. If any of the conditions are not to your liking, try another dealer. This may be necessary to protect yourself from financial disaster.

Now you should know a little more about what gold is worth and how come so many people love it. Gold is lovely to look at and profitable to invest in. Take what you have learned here and use it to start your own investments in gold today.

Want To Get In On The Gold Rush? Read This!

Many people invest their money in gold as way to keep their money in a “safe” market. It is generally thought that gold is a good investment in times of economic turmoil. Read on to learn more about the buying and selling of gold. These tips should help you understand gold better.

Be sure you research a company before sending them gold in the mail. Ensure you understand the reimbursement terms, and don’t neglect to purchase postal insurance for the package. Take a photo of all the items you are sending so there will be no questions later.

If you’d like to sell scrap gold or jewels, look around for the best price. Many stores do not pay the going rate for gold. This is because they must take into consideration their overhead and commissions when purchasing gold.

Exercise great care when you’re getting into gold trading. Of course, all markets have their bad apples. However, the gold one has lots of them. You must be diligent and do your homework. It’s important to be cautious and do full research.

Fine Print

Figure out what all of the fine print means when you’re working with a sales contract. If you’re using a mail-in gold program, read all the fine print prior to committing to the deal. Then you can determine how much you will lose to fees.

There are other ways to invest in gold other than physically owning it. For example, many people purchase investments in gold mining corporations and mutual funds primarily made up of precious metals. While it is nice to physically have gold, you run the risk of theft and the expense of storing it.

One option when selling your gold is to send it away in the mail. Sellers often like the simplicity of this process. Simply receive your prepaid envelope, place the gold inside of it, ship it and wait for your check. But, keep in mind that you may not get as much money this way. Some of these outfits pay you a third of the money for the item than you might get elsewhere, so be cautious.

As fruitful as gold investments can be, the market is also always-changing. If you have low risk tolerance, avoid this market. If you decide to invest, start out with a small investment. You want to maintain a diverse portfolio of other investments and make gold only a small portion of it. Start with investing 5% of your portfolio in gold so you can get a better idea of how this precious metal fluctuates.

If you just want to off-load your gold, you should pause. Take the time to research gold prices and sell it when the price is at its highest. The longer you hang on to your gold, the more you’ll make from it in the future.

Establish some goals before deciding what kind of investment is best for you. Gold can, for instance, be a good way to keep your savings from being impacted by inflation, but its value can also be volatile. If you keep yourself protected, you’ll end up making more money with your gold.

Making your way into trading gold is not hard if you educate yourself on the process of the market. You are now ready to push forward in the gold market using the tips you’ve just read. Take all the advice here and use it wisely as you move forward with your investments.

Making A Profit With Gold In This Day And Age

Gold is a treasured commodity and is universally valued, and has been since its discovery centuries ago. Everyone loves gold, but most people don’t know enough about it. If you’re ready to start buying gold, read on for some important information.

Always do your homework with regard to any person or entity from whom you are thinking of purchasing gold, and look around for a buyer with a good reputation. Read online reviews, check with the BBB, and see how the dealers resolve complaints. If you get quotes from multiple buyers, you will get the most for your gold.

Research the market price before selling any of your gold jewelry. You will then be prepared to negotiate. Most dealers will make you a fair offer, but some will try and rip you off.

Scrap Gold

If you are interested in investing in the gold market, but do not have lare amounts of capital, consider purchasing scrap gold. Scrap gold can be purchased in very small quantities (like a little bit every time you get a paycheck) and stored until you have a large enough collection to sell off. Make sure you have a safe place to keep your gold (a safe deposit box is ideal) while you’re collecting it.

If you’re unaware of your gold’s worth, have it appraised. It costs a little, but the knowledge gained is valuable. Be sure to select an appraiser who is accredited and independent for a realistic appraisal. If you do want to sell the gold, understand you won’t be offered full value it was appraised for.

Know that anything that has gold in it is sellable to a gold dealer. This could be jewelry pieces which are broken, home decor, tableware or any other gold items you have around. It need not be completely pure, either. It could be part of an item that’s gold, or just gold-plated. You can still turn a profit on these pieces.

If you want to sell gold, make sure the buyer has a state license allowing them to do so. Licensed buyers will probably be reputable. Many individuals, pawn shops and jewelry stores are interested in buying gold. Be picky about your buyers.

Don’t sell your items to the first buyer you come across; always get a few quotes. You might be surprised by the price variants. If you accept the first deal offered to you, you might be sorry. Spend a bit of time on the front end so you get the most profit out of the transaction.

Ask the gold party representative about how the gold’s purity in karats is determined. Often, the item will be stamped. However, there are some times when there aren’t visible signs, so the reps have ways to determine it. Dealers using an acid test may be newcomers, as this is a very basic test.

You don’t have to have gold in hand in order to invest it. One option is to buy shares for gold-based mutual funds. Another option is to stick with gold mining stocks. If you choose to purchase actual coins or bars, take into account the cost of secure storage of your gold.

Gold is a valuable, durable, attractive resource. It’s still ideally suited for use as a tradeable commodity, too. It only makes sense that you trade gold because of how its value increases. Now that you have a basic understanding about gold and its value as an investment, go out and learn all you can to help gold make money for you.

The Best Gold Information You Will Ever Find

Gold is a highly prized metal. Ever since gold was discovered, people have treasured it. Here is some advice on how to get started with gold, whether you’re planning on investing or just looking to buy gold jewelry.

When you invest in gold, it is a good idea to go with buillon bars. These bars come in varying 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.

You can actually sell your gold online. Gold dealing doesn’t require physical stores anymore. There are quite a few websites out there that will buy it. The site will mail you a kit for mailing in your items. If they accept the pieces, you will receive their prevailing rate.

If you are buying gold as a form of a retirement fund, make sure to buy the right kind. Gold needs to be IRS-approved. This means it needs to be in the form of coins or bullion that is marked 24 karats. Lean towards buying the bars over the coins as they hold more value than coins.

Melt Value

When it comes time to sell your gold, figure out if you would like to sell it for its melt value or simply as a piece. Most private sellers and pawn brokers are only willing to pay melt value for gold jewelry. This shouldn’t deter you from selling your gold, as there is probably a buyer out there willing to buy for collector value.

Antique stores may hold valuable gold. A smart and educated gold shopper can make some great finds. Lots of folks donate items or sell them in such venues simply because they lack knowledge of their true value. You can reap the benefits of their loss if you do your homework first.

Be sure you know about the gold in your possession. Not all that looks as if it’s real gold is as valuable as the real thing. A lot of the time there will be something mixed with the gold so it holds up better. This will lower it’s worth. Gold plate is also not very valuable. If you don’t know exactly what you have, consider an appraisal.

Investigate several gold dealers before choosing one to do business with. The chances are good that you will get completely different offers for your gold. Going with the very first buyer who comes along might prove a bad deal. Be sure to take time to choose your buyer wisely for the best profit.

A magnet can be used as a cheap and fast way to determine if a piece is really made of gold. Precious metals, such as gold, are not magnetic. Many times you see the clasp gold plated but not the rest of the piece. A magnet is an easy way to test.

Talk to someone at any gold party to determine how they decide a piece’s karats. The item is stamped, a lot of times. There are ways to determine a piece’s purity if no stamp is present. A way to tell if a gold representative is new and inexperienced is if they use an acid test. This is a simple test used by newer gold dealers.

Make sure you read fine print in any sales contract to a full understanding. If you sell gold through a mail-in purchaser, make sure you understand the terms of the deal. This will show the commission and fees associated with your transaction.

These tips should give you a good foundation for understanding how to trade in gold. It is a great way to invest your extra money. Take what you have learned here and use it to start your own investments in gold today.

Golden Advice On Dealing With The Ultimate Commodity

Investing in gold is a great choice. But you have to know all choices, and you need to know what you are doing. This article will help you to understand what some of the advantages of gold buying and selling are.

Gold’s price is always changing, which makes it important to know your piece’s value before selling it. Pieces with differing karat values are worth different amounts, and should be weighed separately for selling. Don’t sell jewelry that is more valuable due to maker or designer.

Prior to selling or buying gold, be certain you know how precious metal pricing works. The value of gold tends to fluctuate, which is why it is important to understand the market trends. You may have to pay higher prices, though, for pieces that have a small fractional measurement.

Schedule for a proper delivery before buying gold from any seller. When dealing with a vendor, it pays to seek written confirmation of the expected delivery date. This is crucial if they do not offer the option to deliver immediately. There should be a date listed for when you can expect them. Only make the order if you have such a document.

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. Lastly, write down and also photograph everything you send to this company just in case you have a disagreement.

It is important to invest in the right type of gold when doing so for your retirement. The gold has to be IRS approved. Gold for this purpose must be bullion bars or gold coins of 24 karat weight. Consider bars more than coins, since they have more value.

Melt Value

When it comes time to sell your gold, figure out if you would like to sell it for its melt value or simply as a piece. Most pawn shops and gold buyers will purchase your gold jewelry for melt value. If you’re prepared to put more effort into locating a buyer, though, you may make more by selling your pieces as jewelry.

Be cautious with the gold market. There are always a few bad apples in every market, and players in the gold market are no exception. There are those out there that will intentionally offer you a much lower price than the gold is worth if you are selling, and increase the price if you are buying. Stay alert and always take the time to obtain the information you need to make an informed decision.

Make sure to conduct independent research prior to investing any money. So-called market experts may really be trying to grab your investment resources with little benefit to you. Be skeptical of “get rich” schemes. Don’t think of buying gold as a means to overnight riches, and you will never end up being disappointed.

Carefully read and check the small print in the sales contract. This is especially true if you decide you want to mail your gold off to a buyer. This lets you know how much you end up with after any fees are taken off the top.

With luck, you now feel comfortable adding gold to your portfolio. It be a good supplement to your other investments, to go along with your mutual funds, stocks and savings. Learn why gold is usually a good choice and know the risks and benefits all options give you.

Gold Information That You Absolutely Must Know

Gold is a highly prized metal. Since it was discovered a long time ago, gold has be something man has greatly sought after. If you want to make a gold investment or buy something that is gold, here are a few tips to assist you.

Why not make money selling your gold to online buyers? You don’t have to go to a physical location to sell gold any longer. You can also choose to use an independent online site to that specializes in buying gold. The site sends you a prepaid mailer to put the gold pieces in. If you have everything together, then you will receive the going rate.

You may be put off by the price of gold, making you go with gold-plated or gold-filled jewelry instead. However, it’s still possible to buy gold jewelry and not need to spend a fortune at the jewelry store. Pawn shops can offer many good deals and there are also many online buying options.

If you are buying gold as a form of a retirement fund, make sure to buy the right kind. It has to be given the stamp of approval from the IRS. You want to make sure you buy 24 karat coins or bullion bars. Lean towards buying the bars over the coins as they hold more value than coins.

GoldMoney can be helpful when purchasing gold. It’s like opening a bank account, but for gold. All you do is set up the account, deposit funds, and then you are assigned gold to your account. 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.

Gold is a lot of fun to purchase, but refrain from announcing it to everyone. Anyone could be listening and you don’t know who can be trusted. Keep your investments safe and secured in a bank or home safe. That will help protect your gold and you at all times.

Proceed with caution. While there are unscrupulous traders and companies in every market, the gold trade is particularly noted for having a healthy helping of scam artists. Lots of people claiming to be honest gold buyers really just want to trick you. For this reason, it is very important to thoroughly research any gold buyer you are considering.

Prior to coming to any decisions with regard to a gold buyer, shop around. You will get many different amounts. If you accept the first deal offered to you, you might be sorry. Putting in a little time at the beginning can mean maximum cash in the end.

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. Many times, the items are stamped. However, at other times, there is no stamp, so a lot of reps use other ways to find out. If you see the gold buyer performing an acid test, this is probably somebody who is inexperienced in this market.

Make sure to conduct independent research prior to investing any money. So-called market experts may really be trying to grab your investment resources with little benefit to you. When they make huge promises, they can’t keep them. As long as you are reasonable and rational about these claims, you will find it easier to focus on the goal and the best way to achieve it.

You do not have to physically own gold to invest in it. Some choices include investing in mutual funds with a gold focus, buying exchange traded fund shares focusing on gold or purchasing stocks in gold mining. Purchasing gold bars and coins means you must have a secure place to store them.

You can sell gold by mailing it to a buyer. A lot of sellers prefer this, as it is easy. You put jewelry in a prepaid envelope and you’ll eventually get a check. You must know that you might not get the best price for your gold handling your business this way. In some cases, you could get about 30 percent less for an item, so just be aware.

These tips should give you a good foundation for understanding how to trade in gold. Gold is smart as an investment and beautiful as a piece of jewelry. Use these tips to begin investing in gold.

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

Each day, gold’s price increases. If you feel curious as to how to break into this sector, you should know that you really purchase and sell gold like bigger investors do. These tips will assist you with the gold buying process so that you can turn profits.

Research the current market price of gold before you attempt to sell your old and unwanted jewelry. That will help you determine whether or not a dealer is actually offering you a good price for your pieces. Many dealers will pay market value, however others rely on people desperate for cash to get the most for themselves.

While buying gold is extremely exciting, you need to keep it quiet. You have no way of knowing who might overhear your conversation and who is truly trustworthy. Keep your investments personal and protect them at a safe or bank. This will help protect you.

Before selling jewelry as scrap, have an appraisal done. Appraisal can be especially important with potentially-valuable pieces that may have more worth as jewelry than simply as bullion. Although you may be charged a fee for the appraisal, it may earn you more money in the long run. A credible appraiser can probably connect you with someone who is likely to be highly interested in what you have to offer.

When working with gold dealers, make sure to read all of the fine print you are given. This business deals with large amounts of money. Know what you’re agreeing to when signing anything. If any of the terms bother you or cause you hesitation, walk away from the deal. You have to make sure you financially protect yourself.

Business Bureau

Have some idea of who you are selling to. Call the Better Business Bureau to make sure dealers are reputable. You can use the Better Business Bureau to see if complaints or adverse claims have been made about the dealer. If they aren’t resolved, move on.

Be wary of selling your gold unless you really need to. Gold prices always go up. Why not wait until you can get a better price? The longer you can retain your gold, the more benefit you will obtain.

As with other types of investments, gold should be held long-term. Do not purchase gold when prices are high. Don’t buy anything when the price is high. If you decide to get into gold by buying at regular intervals, you’ll get a better average price and it makes a better investment.

If you have gold that has gems inside it, once it’s melted down see if you’re able to keep it. But, if they are tiny, it can be tough to separate them. The smaller size gems do not interest most dealers because they are of little value when an item is melted down.

Gold Coins

One popular way to buy gold involves purchasing coins from the US Mint that were made before 1933. Before then, the American economy had gold coins in circulation prior to the recall by FDR. Many people chose to keep the gold coins rather than turning them in and they are sold still.

You will not get the full price of gold when you sell it. Gold dealers must make a profit just like everyone else. Dealers must make a profit; therefore, they must calculate their profits in the purchase price. When selling your gold expect to get between 50 and 70 percent of its value.

Be cautious when you decide to invest in gold. Do not expect to get an income from your investment in gold. The price of gold can fluctuate wildly. Equities go down, but gold continues up. It is not a good idea to put more than 5 percent of your investment portfolio in the gold market.

Now that you have read this article, you should have a head full of ideas about how to get started in dealing with gold. No matter the route you choose, you really can achieve success. Take what you have learned here and go forward feeling confident.

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

Gold prices seem to steadily rise almost daily. If you are curious as to where to begin in this market, know that you are able to trade gold like the pros. These tips will help you profit on the gold market.

Bullion Bars

When investing in gold, bullion bars are the best way to go. Bullion bars come in a variety of weight. Bars may be a half ounce, 400 ounces or anything in between. Be aware that if you are looking for the biggest bars, you will have a difficult time locating them.

The market price of gold fluctuates daily, and sometimes even more often than that. You ought to know the latest number prior to trying to sell. You need to sort your gold according to its karat value before weighing and assessing the value of each item. Remember that jewelry will sell at its melt value, not the price the jeweler wants for it.

If you plan to sell jewelry through mail-in companies, make sure to do your research first. Know when they will send your payment out and get your package insured. Lastly, take a photo of all that you placed in the package in case there’s an issue later.

Whenever you make an investment in gold in the form of jewelry, always ensure that you have sufficient documentation and can return it if required. People’s preferences in jewelry are different, and the piece might not fit the person. If this happens, you need to return it for a complete refund.

Take your old gold that you want to sell to a number of different gold-buying companies before settling on one. You cannot count on these stores to pay the national standard of the day. This is because they must take into consideration their overhead and commissions when purchasing gold.

Melt Value

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. You will see that pawn shops and private buyers only pay melt value. Don’t get discouraged since there’s a buyer out there that wants your pieces.

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. This way you have an idea of what you can ask for yours. In order to be able to negotiate, you ought to give a price above the amount you really want.

Before selling your gold, comparison shop. You might just be shocked at the spread of offers you wind up getting! If you don’t shop around, you may not get what you are owed. Wait a bit of time so you have the greatest cash in your pocket.

You must know what investments to make before you actually start investing in gold. Some people may try to trick you so you invest money with their company. But, be wary of get-rich-quick promises. Don’t think of buying gold as a means to overnight riches, and you will never end up being disappointed.

Inquire with the area BBB prior to selling gold items to jewelry stores, dealers or any other sort of buyer. Here, you will find information regarding the business, as well complaints and reviews from people who’ve dealt with them before. The key thing to look for is how complaints against the business were resolved. Avoid using any business that has a lot of complaints or unresolved complaints.

You can sell gold by mailing it to a buyer. You may prefer this since it’s a lot easier. The company will send a bag for your jewelry and once they receive it back in the mail, they will send you a check. Remember that these places usually do not pay as much as other places for gold. You might even take a thirty percent loss. Understand that going in.

You should have a basic overview about the different methods for selling, trading and buying gold. No matter the direction you take with gold, hard work always pays off. Just make use of this article’s suggestions to be better prepared.

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

There are millions of people who love to wear gold jewelry, but for the most part, they know very little about gold investing itself. This lack of understanding can make people vulnerable to scams. The following article will teach you what you need to know about gold.

Before buying or selling gold, know how precious metal prices work. 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. Watching the market can help you to buy or sell your gold at a great price.

Always make delivery arrangements before purchasing gold from a vendor. Delivery times are important. If the person selling you the gold does not deliver the product right away, it is necessary for you to obtain a written estimate of when your items should arrive. The date on which you can expect to receive the items should be provided. Don’t buy without such a contract.

If you’re selling gold through a mail-in service, do your homework on the company and its policies before you make a commitment. Understand when you will be paid and how you can insure the mailer. Take pictures of anything you send so that you can settle any disputes that may occur later.

If the gold you are purchasing is an investment in your future, you must be aware that there are certain kinds you should target. It’s crucial that the gold be IRS approved. That means only 24 karat and only coins or bullion. Gold bars tend to hold their value better than gold coins.

If you send off gold by mail, see how much it is to have it returned to you if the offer isn’t that great. Many companies offer free shipping but charge more for mailing items back. You want to know what those charges might end up being before you decide to send them your gold.

GoldMoney can be helpful when purchasing gold. It can be compared to “gold bank accounts.” You establish your account and deposit your money, and they assign you a certain amount of gold equivalent to the value of your initial deposit. You can redeem the gold bullion in one-kilo bars or leave it in the vault and trade it or cash it in.

Never pass up an opportunity to search for gold in a thrift shop or antique store. Just make sure you know what to look for. Often, gold ends up in stores like this because the original owners didn’t realize the items they had were valuable. If you conduct research, their loss can turn into your gain.

Know what you are working with. Not everything is worth what you think it’s worth. Usually gold is mixed with other metals to give it strength. This results in a price reduction. Gold plate is also not very valuable. If you aren’t sure what you’ve got, you should get it appraised before you sell it.

Ask what method is used to determine the purity or karats of your jewelry. In many cases, items are stamped. Sometimes, however, you won’t be able to see any kind of a stamp, so the people should have another way to figure these things out. 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.

As this article said in the beginning, no matter what people think of gold, they rarely know much about it. This article has given you some great advice about getting started with it. Use the above tips to make smarter gold decisions.

Want To Get In On The Gold Rush? Read This!

When it comes to finance, gold still remains king. Do you wish to learn more about gold investing so that your investments have a stronger hold on them? There is a lot to know about, whether you’re buying gold or traditional stock. This article explains the basics of investing in gold.

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. You should be clear about when you can expect to be paid. Insuring your gold shipment is a good idea, too. Take a snapshot of everything that you send in the mail for security.

Don’t have much money? Invest in scrap gold. Use the capital you have and purchase what you can and add to it as money becomes available. Keep it inside a safe location until you get enough to cash in.

When buying gold jewelry as a gift, make sure that the return policy is sound. People’s preferences in jewelry are different, and the piece might not fit the person. It is always best to have the value appraised before you accept an offer.

Anything that contains gold can be sold. This could be tableware, broken jewelry, and other stuff you have around your house. In fact, a gold piece doesn’t have to be 100-percent gold to be worth something. Items that are partially constructed of gold or even gold plated are acceptable. You’ll end up with some money in your pocket.

Find out the spot price for gold on the day that you’re planning to buy. Many sites offer this information, plus it changes every day. Paying for gold that is any higher than an 8% markup is not a wise investment. There are dealers who attempt to charge a higher amount, but they are unethical and simply overcharging.

If you decide to mail your gold to a buyer, find out how much mailing and insuring these items will cost you and how much you will have to pay to have the items mailed back to you in case you do not accept the buyer’s offer. A lot of companies say they’ll let you ship for free, but to get things back they charge quite a bit. Make sure you know in advance what you might have to pay to get your jewelry back.

Do not discount the value of searching through antique stores or thrift shops for your gold. If you understand what to look for, you really can find some great deals. Many people do not realize what they have and sell it or donate it to these shops. Their loss can be your gain.

Know the true value of your gold. Many things look like solid gold but are not. Usually other metals are combined with gold to provide more strength. This makes the value lower. Gold plated items may also be deceiving. If you are not certain about what you have, an appraisal before selling is wise.

A fast, cheap way to test for gold’s authenticity is to use magnets. It is true that precious metals are not attracted to magnets. Often the clasp of a piece is real gold, while the rest of the piece is just plated. This can be a useful method of testing for that.

Read and understand the fine print in 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. This helps you keep better track of how much you have to pay for fees.

Have jewelry appraised prior to selling it to anyone as scrap gold. 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. The appraiser may also know someone who maybe interested in your jewelry item.

Prior to reviewing this piece, you may not have realized all that goes into buying gold. These tips can help you make better choices for your portfolio. Use the advice that has been provided so you can invest in gold with confidence.