Tag Archives: bullion bars

Getting Your Gold To Work For You

The prices of gold change rapidly. Gold is always a great commodity to buy and sell. Frequently hard times accompany a rise in the price of gold. Continue below for excellent advice on how you can get in on this precious metal market.

Bullion bars are an excellent investment. Bullion bars come in a variety of weights. They can be as small as half an ounce or as large as 400 ounces. It will be harder to find the bigger bars.

You might have avoided gold because of the price, and chose instead to buy gold-filled or gold-plated pieces instead. It is very possible to buy real gold without spending a lot of money at a jewelry store. There is cheaper gold jewelry at pawn shops or online.

Before selling gold jewelry, see what the current prices are in the gold market. You can then discern whether you are getting the right price for your jewelry pieces. Dealers often assume that people who are trying to sell gold need quick cash and will try to take advantage.

If you plan to invest in gold as part of your retirement plan, be sure to do it wisely. The IRS must give its approval for your investment. That means only 24 karat and only coins or bullion. Because they hold their value, buy gold bars instead of gold coins.

If you want to invest in gold, but lack significant capital, think about getting into scrap. Invest small amounts of money in scrap gold. After a few months, you will have accrued a significant store of gold. Keep your collection safe until you have an sufficient amount to cash in.

If you’re not sure about the value of your jewelry, you can have an appraisal done. The small investment required will ensure you get what your jewelry is worth. Only use an independent, accredited appraiser to get the most realistic value. Even if you still choose to sell, do know that you aren’t going to get the appraised value.

Keep in mind that gold dealers will buy anything that’s got gold within it. Decorations, flatware, broken jewelry, anything you have with real gold content is potentially valuable. Note that these items need not be pure gold. It could just have a tiny amount of gold or be gold plated. The amount you can get will depend on how pure your item is.

Be sure to select carefully when considering taking your gold to a pawn shop or jeweler for sale. While spot pricing is the national standard, most stores don’t honor it. Independent gold dealers with low overhead, for instance, may be in a position to offer you better terms than upscale jewelry stores.

If you plan to mail your jewelry, be sure that you find out how much the return postage will cost if the price offered you is too low. Many companies offer free shipping but charge more for mailing items back. It’s best to be prepared so you are not surprised by return shipping charges.

Clearly, our finances are based in a gold standard. If you want to make money with gold, you must have a clear understanding of its value in the market. You must also establish clear financial goals to govern your dealings. Put these tips into action as you work to master the market for gold.

Do You Love Gold? If So, This Is For You

Gold markets are very hot today. It’s important to be informed and ask those that are successful for guidance. Continue reading here, and you’ll be well on your way to working with gold.

Bullion bars are hands down your best gold investment. Bullion bars come in a variety of weights. They can range from a half an ounce to bars that weigh four-hundred ounces. It isn’t easy to get the big bars, though!

Stay with reputable buyers when you sell your gold. You can check out their reputation by contacting the BBB and checking online reviews. A legitimate buyer will pay you fairly for your gold while giving you great customer service. You have to protect your investment as well as yourself.

Gold Jewelry

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. You do get to buy gold jewelry without spending a ton at an actual jewelry store. You can get gold jewelry cheaper online or in pawn shops.

Always check out the up to date market value for gold before you seek your gold jewelry. That will help you determine whether or not a dealer is actually offering you a good price for your pieces. A lot of dealers provide you with market value, but there are some who will just assume you want quick cash and will make a deal that is best for them.

When selling your gold, it is necessary to determine if you wish to sell something as jewelry or simply to get its melt value. Most buyers will offer you just the melt value for your gold. Try not to be discouraged. Sooner or later you will discover the purchaser you are seeking.

When you plan to buy gold, make sure you look at the spot price. This can be seen at numerous websites, but keep in mind it can often change. Don’t buy anything marked up over 8% of this. Some dealers charge more than that, but it is a rip-off.

Don’t avoid searching antique shops or thrift stores for gold. You can find bargains in those places when you’re aware of what you want. Lots of folks donate items or sell them in such venues simply because they lack knowledge of their true value. If you know what you’re doing, you can make the money they did not.

When dealing with gold commodities, proceed with caution. The gold market can have many bad companies out there. Lots of people claiming to be honest gold buyers really just want to trick you. That’s why you must do your research and be careful.

Before you go with one gold buyer, shop around. The offers may be hugely varied. Going with the very first buyer who comes along might prove a bad deal. Spend a bit of time on the front end so you get the most profit out of the transaction.

Gold is a wonderful to diversify your portfolio. Maybe you have wondered about it yourself. Using the above tips on gold will help you find success.

Unlock The World Of Gold By Following These Simple Tips

Investing in gold is a very popular way to protect your savings from inflation. An increasing number of people are investing in gold to secure their wealth, but a lot of people do not how to approach it properly. This article offers advice to anyone who wants get the best return from their gold investment.

Gold bullion bars are great investments. They come in weights that vary. The bullion bars come in half ounce bars and increase up to large bars weighing 400 ounces. If the 400-ounce bars interest you, you’re going to have a hard time finding them.

You’ll want to know just how much your gold will be worth when selling it. If you have made the call to sell any gold you have, group your pieces by karat value. Remember that jewelry will sell at its melt value, not the price the jeweler wants for it.

When selling gold, sell to reputable buyers. Use both Internet reviews and BBB complaints and information to discern someone’s reputation. Do not do business with a buyer who does not treat you as a valued customer or does not offer a fair price. Don’t let yourself be taken advantage of.

Always do your homework to find an honest and reputable gold buyer. Check with business groups and read online reviews. See how fairly treated former customers feel. Check for offers through different buyers to make sure you get the best price for your gold.

Think about selling gold on the Internet. Gold dealing is no longer something that takes a brick and mortar store. You can find a lot of websites to sell gold. You will receive a kit that will allow you to mail your gold items off. If when they receive it, all is as they expected, you’ll get their current rate.

Before you buy gold from a dealer, get a guaranteed delivery date. It you don’t have it delivered immediately, find out when you will receive your gold. The date of arrival should be something you can see listed. Don’t proceed with the order until you have this information.

If selling gold using a mail service, find out how much shipping will be. Many companies offer free shipping but charge more for mailing items back. You should be well aware of what this could cost in advance.

Be careful approaching the gold market. Markets all have their share of unscrupulous players, but gold is a market that seems to have many. Lots of people will scam you if given the chance. It’s important to be cautious and do full research.

You can sell your gold through the mail. A lot of sellers prefer this, as it is easy. A prepaid envelope comes to you; you place your jewelry inside and send it back to the company. 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.

To get a good deal and protect yourself, research the gold buyer critically. If you plan to mail the gold out of state, this is even more important. Gold buying companies should be listed with the Better Business Bureau, where you can see if any complaints or issues have been filed against your buyer.

Following the global financial downturn, gold has become even more popular and important as an investment tool. When you have the correct information, you can invest in gold and make a fortune over time. This article provided you with a great starting point.

Make Money In Gold With These Ideas.

Today, just as in other times of financial challenge, gold is a sound and solid investment. This article will help you learn more about the gold market. Keep reading to find some wonderful ideas.

You can’t beat bullion bars for a solid gold investment. These come in various weights. You can find bars weighing anywhere from a half of an ounce, up to four hundred ounces. However, the really big bars are very hard to come by.

Before you buy gold from gold sellers, ensure you have scheduled a quick delivery. If this is not possible, make sure you get a written contract outlining when the items will arrive. The date on which you can expect to receive the items should be provided. Proceed with an order only if this information is forthcoming.

Gold Jewelry

The high price of gold may give you the idea that gold-filled or gold-plated jewelry is better. You do not have to pay full price for gold jewelry if you find that the prices offered by jewelry stores are too expensive. You can buy gold jewelry more cheaply in pawn shops or online.

If you are buying gold as a form of a retirement fund, make sure to buy the right kind. This needs to be gold investments that have IRS approval. That means that the gold is a minimum of 24 karats, and formed as coins or bullion bars. Because they hold their value, buy gold bars instead of gold coins.

Avoid letting people know that you are planning to sell your gold. Anyone could be listening at any time, and you cannot trust everyone. Keep investments private and guard them in a quality safe or in a bank. This protects you as well as your gold.

Use a magnet to quickly determine whether an item is really made of gold or another precious metal. Real precious metals do not stick to magnets. In some cases, only an item’s clasp is solid gold, while the remainder is merely plated. The magnet test is an excellent way to find out.

Read each form thoroughly when meeting a gold dealer. A lot of money is exchanged in this business. You must be fully aware of what you are committing to. If you disagree with the terms of the sale, do business with someone else. It’s important to protect your finances.

Gold prices have increased by over 400 percent in the last decade which is good if you own gold. The changes in currency value affect the value of gold. The weaker the dollar, the stronger the gold price.

To protect yourself and get a good deal, always do research on anyone you might buy gold from. If you plan to mail the gold out of state, this is even more important. Reputable dealers will on file with the BBB and have few to no complaints.

One thing to see if you can get cheap gold is to see if you know anyone that has broken jewelry for sale. Get a decent scale for jewelry, weigh the gold carefully, and you’re going to pay your relatives a good price, Make it higher than a pawnshop might pay and then you’re going to make money too.

Buying gold from individuals is a nice way to get a good deal. You need to know the risks before purchasing any gold. It’s really important to request a coin appraisal. If you come across someone who is interested in selling a gold coin at a low price and you are fairly certain of the coin’s authenticity, you can buy it and hope that did not make a mistake.

Gold has been used throughout history to build and maintain wealth. The unstable economy we have had the past few years has made this more of a trend. With any luck, the tips and advice found above should provide you with a resource you can use to continue building wealth with gold.

Crack The Gold Code By Trying These Tips Today!

While the price of gold does not remain stagnant, it is moving upwards in a positive manner. Precious metals like gold always have a market for trading, selling, and buying. In hard financial times, the values can reach unbelievable heights. Continue below for excellent advice on how you can get in on this precious metal market.

When investing in gold, bullion bars are the best way to go. These bars are available in a number of different weights. The bars vary in size from half an ounce to 400 ounces. It isn’t easy to get the big bars, though!

When you first check out gold jewelry, you may be in for a bit of sticker shock and decide to buy gold-plated jewelry, instead. However, you can still find a deal now and then, which you can turn around and sell for a profit. Online auctions, estate sales and pawn shops are only some of your options.

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 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.

It is important to invest in the right type of gold when doing so for your retirement. It has to be given the stamp of approval from the IRS. They have to be 24 karat coins or bullion bars. Bars are often a better deal than the coins.

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. Understand what you will have to pay if you don’t like their offer. Protect yourself.

Sell gold to buyers that are state licensed to buy gold. While you could still get ripped off, a licensed buyer is more likely to be reputable. Many individuals, pawn shops and jewelry stores are interested in buying gold. Be picky about your buyers.

Don’t avoid searching antique shops or thrift stores for gold. When you know what to search for, you can find great items in these places. Many people don’t understand how valuable their items are, so they sell for cheaper than they could at these places. You can reap the benefits of their loss if you do your homework first.

Always do your homework before investing. The gold market has more than its share of disreputable dealers. 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.

Talk to a the gold party representative to learn how they make karat determinations. The item is stamped, a lot of times. A visual cue may not be available so other methods are used to figure it out. Acid tests are an easy way to determine value.

As you likely know, our economic system weighs itself against gold. So, if you want to deal with this volatile commodity, you need to know a few things about the marketplace. Apply the advice above to get your foot in the door when it comes to gold investing.

Increase Your Gold Expertise By Using This Advice

In light of the global economic slump, the gold market has continued to thrive and grow. Perhaps you wish to have a greater involvement in the gold market but need to learn more. Read on to help out your situation.

Make sure that you get a quality estimate from a reputable source before selling your gold. There are many buyers who purchase gold, but prices vary from one professional to the next. Getting estimates from several establishments will help you make sure that you receive a fair price.

Bullion Bars

You can’t beat bullion bars for a solid gold investment. Bullion bars come in a variety of weight. You’ll see them as four-hundred ounces or even a half ounce. It isn’t easy to get the big bars, though!

Changes in the current price of gold will affect the price you will get. Don’t forget to take into account the different karat values of your gold pieces. Do not sell your designer jewelry for its weight in gold because you will lose money.

Before buying from a gold seller, schedule a timely delivery. It you don’t have it delivered immediately, find out when you will receive your gold. You should be provided with the estimated date of delivery. Proceed with an order only if this information is forthcoming.

Be sure you research a company before sending them gold in the mail. Be sure you find out when you will receive payment, and buy insurance for your package, too. Lastly, take a photo of all that you placed in the package in case there’s an issue later.

Ensure that your retirement investments are approved. Your gold has to be IRS approved. It must be in the form of 24K coins or bullion bars. Consider bars more than coins, since they have more value.

Spot Price

It’s always a good idea to verify the spot price before making a purchase the same day. The spot price can be found in many places, and it tends to fluctuate often. When you buy, don’t pay over 8% markup over the 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. Many companies advertise no shipping costs, but they often hide large handling fees in the fine print. Be sure you have an idea how much it will cost you to reclaim your items.

Never pass up an opportunity to search for gold in a thrift shop or antique store. When you know what to search for, you can find great items in these places. The prices are low here as the items are often donated. Your knowledge will help you get the better end of the deal.

Take your time when you are considering dealing with a gold buyer. You’ll be surprised by all the different offers you’ll get. When you just take buyer number one, you may lose money. Putting in a little time at the beginning can mean maximum cash in the end.

Use a magnet to test inexpensive jewelry to determine if it consists of steel. True precious metals such as gold will not stick to the magnet. Sometimes a jewelry piece is only plated in gold with a solid gold clasp. A magnet can help test jewelry quickly.

Remember to research the gold market prior to investing any money. Some people may try to trick you so you invest money with their company. However, you have to be careful about get rich promises. You will certainly avoid the getting rich quick way of thinking if you have realistic expectations.

Never sign a contract without thoroughly reading it first. If you use any of the abundant mail-in gold buyers, study the fine print carefully before making the sale. You can then ascertain the amount of fees and commissions you will be charged.

Gold has been on the rise due to much financial insecurity within the world. Know that selling and buying gold is the smartest way you can use the markets to your advantage. Use the ideas in this article frequently, and you’ll get the wisdom you need in dealing with gold.

On The Market For Gold? What Needs To Be Known First

Gold is something that many people love, but do not know much about. Without the knowledge, it can be difficult to take full advantage of what gold can do for you. If you feel like your knowledge is lacking, read through these tips to learn much of what you need to know.

Ounce Bars

You can’t beat bullion bars for a solid gold investment. There are numerous sizes available. The bullion bars come in half ounce bars and increase up to large bars weighing 400 ounces. Four hundred ounce bars will be hard to locate.

You can 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 will mail you a kit for mailing in your items. They will send you payment for your goods after they receive your items.

If you’re buying gold to save for your retirement, buy the right type. Your gold has to be IRS approved. It has to be in the form of 24-karat gold bullion or coins. Buy bars instead of coins to increase your profits.

If you have an interest in getting into the gold markets, but don’t have a lot of investment capital, consider buying scrap. You can accumulate scrap gold as you can afford it and have a pretty nifty next egg in a few years. Be sure to stash your gold safely away until you decide to sell it.

Shop around before making any decisions about a gold buyer. You may be surprised at the differences in the offers that you’ll get! Going with the very first buyer who comes along might prove a bad deal. Spend the required time to comparison shop before making any decisions.

Talk to a rep at a gold party to see how they figure out the number of karats in a jewelry piece. Many times the item will have a stamp. However, you may see no sign at all but there are ways to determine its value. The simplest test is the acid test, so if a rep is using this method, he may be a novice to the market.

Have jewelry appraised prior to selling it to anyone as scrap gold. The more intricate the jewelry, the more it will be worth. An appraiser will charge you a nominal fee, but it is an expense worth paying if your piece is unique and valuable. The appraiser may also know someone who maybe interested in your jewelry item.

Solid Gold

Sometimes an item will have solid gold backing; although, the jewelry is not solid gold. In many cases ring bands and the clasps of necklaces are real gold too. Because each piece does not weigh much, consider selling these as a group. This is a bunch of different gold pieces in quantity and can help you to get more money for them.

You don’t have to own gold to invest in it. Buy shares in traded or mutual gold funds or invest in some gold mining stocks. You should always consider the costs to store gold.

Prior to selling gold, make sure you separate it by karat weight. Keep an eye on the gold buyer because they may try and deceive you. A common trick is to weigh everything together and then give you the price for the karat that is the lowest weight. You’ll lose out on a lot of potential profit this way. Instead you should go in with pre-separated piles to make the biggest return.

As this article said in the beginning, no matter what people think of gold, they rarely know much about it. Now that you’ve read all this, you should be comfortable with your gold knowledge. Use the information shared here to make the best choices when gold investing.

Gold 101: Tips And Advice For Buying And Selling

Commodities are an integral part of any diversified portfolio. The best commodity available is gold. You can make a small profit thanks to your investment in gold, secure some of your savings and avoid inflation.

You can’t beat bullion bars for a solid gold investment. They come in varying weights. The bullion bars come in half ounce bars and increase up to large bars weighing 400 ounces. Be aware that if you are looking for the biggest bars, you will have a difficult time locating them.

Always do your homework to find an honest and reputable gold buyer. You can always find online reviews, inquire with the BBB and learn how each vendor handles complaints. Talk to several different buyers and get quotes from all of them to ensure you get the best price for your items.

Know the current price per ounce of gold before selling your pieces. This can help you discern whether you’re being offered a good price or not. Many gold dealers will pay market value; however, some dealers try to get your gold cheap.

If you want to start investing in gold but don’t have much money to get started, think about buying scrap. This can accumulate over time, and you can see how this can make a valuable investment. Make sure you keep the gold secured. A safety deposit box is a good place.

Think about having your jewelry appraised if you are not sure of it’s true value. Although appraisals cost money, you will know the value of your items. You will want to find someone who is accredited in gold appraisal to get the proper value of the piece. Remember, though, that you won’t get the appraiser’s price for your gold.

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. Pawn shops and many private sellers are only looking to pay the melt value. Don’t let this hamper you, because you’ll find the right buyer eventually.

When sending off your jewelry, you need to consider the shipping cost to you if you’re not satisfied with the offer given. Companies often provide free shipping, but it can be costly to get them back to you in the mail. Know what you’re up against before you mail anything away.

Use GoldMoney to buy gold. It’s similar to opening a “gold bank account.” With this service the money in your account is converted into gold. Your gold is physically kept in a vault where it can be cashed in, segmented or redeemed for bullion bars.

Use a magnet if you want a cost-effective way to determine whether or not the precious metal is real. Gold and other precious metals are non-ferrous, so they won’t be attracted to a magnet. Sometimes it’s the clasp that is gold, while the rest is only gold-plated. You will find this to be an effective way of testing this.

After reading this article, you should feel more informed. Use these ideas for improving the investment portfolio or making money with just gold. Keep these tips in mind to be a successful gold investor.

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

Do you know anything about gold trading? Do you feel new to it all? Have you been doing this forever, but want to learn more? Novice or pro, anyone will benefit from reading the expert tips in this article. You are more than likely to discover valuable information to aid in your decision-making.

Be sure to find a reputable gold buyer to do business with. Get with the Better Business Bureau or check out reviews online if you’d like to learn about someone’s business. When you choose the right buyer, you will have a great transaction. Protect your interests and your gold by doing this.

Make sure to research prospective buyers in advance in order to find a reputable one. 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.

Schedule for a proper delivery before buying gold from any seller. 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 they expect you to get them should be listed. Don’t order anything without this document.

Ensure that your retirement investments are approved. It’s crucial that the gold be IRS approved. Gold for this purpose must be bullion bars or gold coins of 24 karat weight. Bars are generally more valuable than coins and should, therefore, be favored.

Be aware that it is possible to sell anything with a gold content to gold dealers. Don’t overlook flatware, watches, jewelry and even broken pieces as potential sources of profit. It also doesn’t have to be 100% pure gold. The items can be gold-plated or made of an alloy containing gold. You are sure to turn a decent profit.

Make sure that you know the current market value of your gold before selling it. This information is available on a number of websites. Never pay in excess of 8% markup above the spot price. Many times sellers will try to sell it at a higher price.

If you’re going to ship your jewelry to a mail-order buyer, know how much return shipping is going to cost you in the event you don’t accept their offer. A lot of companies say they offer free shipping, but if you refuse their offer they charge a great deal. You should be well aware of what this could cost in advance.

You could also use GoldMoney to buy gold. This service is similar to a bank account that holds deposits in bullion rather than currency. You put money into it like any other account, (e.g. a savings account) but it’s converted into gold bullion. Your gold is physically kept in a vault where it can be cashed in, segmented or redeemed for bullion bars.

Though purchasing gold is thrilling, don’t go around telling everyone about it. 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 your investments safe and secured in a bank or home safe. This will ensure your gold has protection no matter what.

Talk to someone at a gold party to learn how they figure out the number of karats in a jewelry piece. Many times you will see the item have a stamp on it. Some sellers are trained to calculate the value of a piece of gold that is not stamped. The simplest test is the acid test, so if a rep is using this method, he may be a novice to the market.

Using the information shared in this article will help you to begin to follow the right path with gold investing. You will be able to sell and buy knowing that you’re doing the right thing and you can make a lot of money. This is all you can expect in the end, so use the tips discussed to get you there.

Read This Piece For Helpful Gold Information

Investing in gold is a very popular way to protect your savings from inflation. More people are ensuring their wealth through gold more than ever. Novice and experienced investors will find value in the tips below.

When you sell gold, you should obtain a type of estimated value from multiple sources. There are lots of services, jewelry stores and pawn shops that buy gold. Of course, they will want to make a profit when they sell it. When you have several estimates, you’ll have a better idea of what fair market value is.

When you invest in gold, the best way to invest in is bullion bars. These bars are available in a number of different weights. The bars vary in size from half an ounce to 400 ounces. However, the really big bars are very hard to come by.

Changes in the current price of gold will affect the price you will get. If you decide to sell your gold, pieces with different karat values should be weighed and valued separately. Stay away from selling high-end jewelry pieces because they have more value.

Always use a reputable company when selling gold. 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 is going to give you a better deal for the gold you have, and they probably will have great customer service too. Protect your invest and look into these companies.

Make sure to research prospective buyers in advance in order to find a reputable one. You want to determine how the business treats its customers and whether there are outstanding complaints against it. Also get more than one offer for your gold. This will ensure you get the best possible price.

If you buy gold for your retirement fund, be sure it’s the proper kind. Gold as an investment must be designated as approved by the Internal Revenue Service. They have to be 24 karat coins or bullion bars. Consider bars more than coins, since they have more value.

Know that gold in any form can be sold. Valuable gold can be made into anything that is now broken such as jewelry and any home items that could be around. Note that these items need not be pure gold. Items that are partially constructed of gold or even gold plated are acceptable. It’s still possible to make money this way.

Never sell to an unlicensed gold dealer. This does not prevent you from getting scammed, but a licensed buyer probably has a better reputation. There are plenty of buyers for gold, so do not think that you must make a sale to the first buyer that you meet.

Gold is a lot of fun to purchase, but refrain from announcing it to everyone. You can never really know who is listening, nor who you are able to trust. Protect your gold by storing it somewhere secure. This ensures that your gold is protected under all circumstances.

To verify that a particular piece of jewelry isn’t simply plated, you can try testing it yourself with a magnet. If the piece is real gold, the magnet will not be attracted to it. Sometimes, the only thing real about a piece of gold jewelry is the clasp. A magnet can help test jewelry quickly.

You do not have to physically own gold to invest in it. You could buy stocks in a mining company or shares in a gold ETF. If you decide that you wish to own physical gold, be mindful of the security costs you will be paying for storage.

Gold is usually a good investment, but there are no guarantees. If you cannot tolerate ups and downs, look elsewhere. However, if you have some ability to weather such swings, still be sure to safeguard your downside potential risks. You want to maintain a diverse portfolio of other investments and make gold only a small portion of it. Many experts say that no more than 5 percent of your assets should be devoted to gold.

Gold has always been an integral part of people’s lives. When you have the correct information, you can invest in gold and make a fortune over time. This article provided you with a great starting point.