Have you ever thought of using gold as an investment vehicle? If so, this is the article for you. Rather than allow yourself to be turned off by the risks, why not learn as much as possible to alleviate those risks? Investing in gold carries many advantages, and you must learn what they are.

When you sell gold, get multiple estimates of its value. Many jewelry stores and gold buying services are available, and they will all usually take a different profit on the gold they are purchasing. You should get your gold appraised by a professional and compare prices offered by different buyers.

Think about selling your gold online. Visiting a broker to make a gold purchase is no longer required. There are plenty of websites that are ready and willing to buy your gold. You will get a kit to return gold. If all is in working order, they’ll then pay you at their going rate.

Check out current market values before you ever sell any jewelry. This will assist you in determining if the offer you receive is fair. 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.

GoldMoney could be a good resource when you want to buy gold. Think of it as a bank account that deals exclusively in gold. With this service the money in your account is converted into gold. While the gold itself physically remains within a bank vault, you can deal with it as you see fit.

Keep your gold investing to yourself. You don’t know who could try to keep tabs on this, and you don’t want to have to worry about trusting people. Stay quiet about the investment and make sure you keep it safe. This will protect your gold in all circumstances.

One quit and cheap method of finding out whether or not gold is real is to use a magnet on it. Real gold won’t stick to a magnet. Sometimes the clasp of a piece is solid, however the rest will be plated. A magnet can help test jewelry quickly.

Talk to a the gold party representative to learn how they make karat determinations. Many times you will see the item have a stamp on it. Other times, though, there are no outward signs, and therefore representatives rely on other techniques. If a buyer uses acid testing, it’s an indication they are a newer business.

Do your homework before rushing to invest in the gold market. Some people may try to trick you so you invest money with their company. However, you have to be careful about get rich promises. Avoid the thought of gold as a get-rich-quick scheme, and you will not be led into false expectations.

Never sign a contract without thoroughly reading it first. If you’re using a mail-in gold program, read all the fine print prior to committing to the deal. That way, you will be aware of the cut of your proceeds that will go to fees and commissions.

Look at the BBB before selling gold to jewelers, dealers, gold buyers, and the like. The BBB’s website will share any negative reports made against a company through the BBB’s service. Look carefully at complaints and whether they were solved or not. If they have a ton of complaints or many that are unresolved, you should consider a different business.

You can actually sell your gold through the mail! Lots of sellers like this because it’s convenient. You get a mailer that is prepaid, place jewelry inside and send it, and you get a check. One thing to consider, though, is that the majority of these places won’t pay nearly the same amount as a local place in your area. You might even take a thirty percent loss. Understand that going in.

You have a solid foundation of information to help get you started right. Use these tips to help you become a master gold investor. Soon you are likely to see why so many investors have turned to gold to increase their wealth.