More and more are investing in precious metals, seeing as the dollar’s value has increased. The most common previous metal invested in is gold. Its value is going up, even as the dollar’s value goes down. Use the tips in this article as your guide when you think of buying gold.

Research any gold buyer you are considering using and shop around for a reputable buyer. Better Business Associates can give your information about complaints made against a company and how those complaints were resolved. Check for offers through different buyers to make sure you get the best price for your gold.

You might balk at the high cost of gold, causing you to select gold-filled or gold-plated items. However, it’s still possible to buy gold jewelry and not need to spend a fortune at the jewelry store. Online auctions, estate sales and pawn shops are only some of your options.

Fair Price

Be aware of the going rate of gold before you sell you gold items. That way you will be able to ascertain if a dealer is providing you with a fair price or not for your pieces. Dealers typically give a fair price, but there are some unscrupulous ones out there. They may take advantage if they think you want to unload your piece fast.

Only make a sale to buyers who hold a state license in buying gold. A buyer who is licensed is likelier to be legitimate. There are many people who will buy your gold, but some are out to rip you off.

Do not forget to search thrift shops and antique stores for hidden treasures. If you understand what to look for, you really can find some great deals. Sometimes, people sell to these kinds of stores because they were unaware of what they had. Your knowledge will help you get the better end of the deal.

Comparison shop prior to selecting your gold buyer. You might just be shocked at the spread of offers you wind up getting! Shaking hands with a buyer who brings you the first offer may actually shortchange you. Take your time to help you net the most cash.

Ask what method is used to determine the purity or karats of your jewelry. Many pieces of jewelry will be stamped with a karat rating. Sometimes, however, there is no visual sign, so many representatives have other methods of figuring it out. If you see the gold buyer performing an acid test, this is probably somebody who is inexperienced in this market.

You don’t actually have to own physical bars, coins or jewelry to profit from gold. You can also make investments in gold shares and stocks. Purchasing gold bars and coins means you must have a secure place to store them.

Even though gold is often profitable, it is also equally volatile. If you’re not ready for a roller coaster ride, gold investing is probably not for you. If your stomach can handle the rough ride, you should still protect yourself from losing too much money. You should invest only 10% of your portfolio in gold. A prudent limit is about five percent.

To invest in gold pieces intelligently, educate yourself on testing for grade. You measure the purity of gold in karats. As the number increases, the purity does as well. Although a lot of gold jewelry has a karat stamp, you should verify its accuracy. Understand the purity of your gold to get the best possible value.

There are several tactics involved when deciding on investing in gold. Some people prefer to purchase gold coins or bullion, while others just purchase stock in gold or silver. Do more research on your different options before deciding on the best strategy for your investment.