Many people are moving investments from stocks and bonds to precious metals. Gold is a precious metal that is very popular for investors to get behind, and this is something that becomes more valuable with time. Read these tips to make the most out of what gold can do for you.

Do not sell your gold without first knowing what it is currently worth. If you choose to sell gold items, those with differing karat designations ought to be weighed on their own. Remember that jewelry will sell at its melt value, not the price the jeweler wants for it.

Never deal with a gold buyer or seller who does not have a favorable reputation. Use resources like the Better Business Bureau and customer reviews. Good customer service and fair market prices are good indicators of reputable buyers. You should do this to better protect your gold investment and yourself.

When selling jewelry, it is important to decide whether it will be sold as jewelry or as gold. Private sellers and pawn shops tend to only pay for melt value. Selling your unique gold pieces to a collector can end up netting you more money.

Use GoldMoney if you are interested in buying gold. It’s like opening a bank account, but for gold. Set up the account, deposit some funds, and you get gold at the price that correlates to the account. The gold rests in the bank where you can trade it for cash, portion it out, or redeem the gold for bullion bars.

Complaints Filed

Get to know any dealer you’re going to buy gold from. Call the Better Business Bureau to make sure dealers are reputable. If you contact the BBB, they will tell you if the dealer has complaints filed against them. If the dealer does have complaints filed against them, look for another dealer.

If you just want to off-load your gold, you should pause. The price of gold fluctuates, which is currently at its record high; eventually it will become an even higher price. You may be able to sell your gold for even more later if you hold onto it now.

Gold prices have increased by over 400 percent in the last decade which is good if you own gold. Nobody really knows when the best time to purchase gold is, as it mainly relies on the price of the dollar. The weaker the dollar, the stronger the gold price.

IF you want to be a good gold investor, find out how you can test the grade. The purity of gold is measured by the karat. A higher number indicates a higher degree of purity and, therefore, a higher price. The stamp on the gold is not always accurate. If you know how to test gold’s purity, you will never be overcharged.

Gather information about any gold dealer you are considering selling to. This is vital if you’re working with a mail-in company that is from another state. Reputable dealers will on file with the BBB and have few to no complaints.

If you want to start investing in gold, then you need to know that there are many good strategies. Some individuals invest in physical gold, like coins, bullion and jewelry. There are some, however, that just deal with stocks or mutual funds. The article above has great information on how to deal with gold.

Gold has been one of the most powerful icons of wealth for centuries, and there is no reason to believe this will stop in the near future. Now that the economy appears wobbly and weak, investors will once again turn to gold. Want to seize the opportunity for yourself? Keep reading to find some wonderful ideas.

Ounce Bars

Bullion bars are an excellent investment. Their weights can vary. You can find them from a half ounce all the way up to four-hundred ounce bars. If the 400-ounce bars interest you, you’re going to have a hard time finding them.

Read reviews and do your research before choosing a dealer to buy your gold. Read online reviews, check with the BBB, and see how the dealers resolve complaints. Shop around to get the best price for your gold.

Always check out the up to date market value for gold before you seek your gold jewelry. This allows you to evaluate a dealer’s offer against the current market rate. 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.

When you buy some gold jewelry for another person, make sure they have a refund policy. You’re not going to be sure about the jewelry fitting or whether or not a person actually likes the piece. If that happens, you want to be able to take the piece back for a refund.

Check Better Business Bureau ratings for gold dealers and jewelry stores before deciding where you want to sell your pieces. The BBB’s website will share any negative reports made against a company through the BBB’s service. Pay attention to complaints and see if they’ve been resolved. If they have a ton of complaints or many that are unresolved, you should consider a different business.

Gold has the potential to be a profitable investment, yet the market can be volatile. It is important to understand that prices can vary daily on gold values. If you are able to handle it, then you can still limit the downside risk involved. You want to maintain a diverse portfolio of other investments and make gold only a small portion of it. In most cases, 5 percent is sufficient.

Before you buy gold, find out something about the dealer. Check the Better Business Bureau to make sure a gold dealer can be trusted. When you contact the BBB, you will learn whether there are complaints. Upon learning of numerous complaints, it’s best to look elsewhere for services.

In order to help get the best possible deal for your gold, make sure you know who the buyer is that you will deal with. Gold dealers who do not have a storefront need to be researched intensely. Consult the BBB to determine whether anyone has lodged complaints against a prospective buyer.

Prior to investing in gold, set goals. Gold might be a great investment, but it’s also a very volatile one. If you keep yourself protected, you’ll end up making more money with your gold.

Almost everyone understands what gold can do for those interested in securing personal wealth. The bumpy economic times we have seen in recent years has only accelerated this trend. With luck, the information in this article will help you with what you need to know about investing in gold.

People have always been attracted to gold and investing in it, and this could be no more true than during these tough economic times. It’s going to never go away it would seem. Reading this article is a great idea if you want to maximize the potential gold offers you. Keep reading for more helpful advice.

When you invest in gold, you can’t go wrong with bullion bars. The weights will vary. From .5 ounces to 400 ounces, the choice is yours. However, you may have a hard time locating bars that weigh four hundred ounces.

Investigate the reputation of any firm you are considering doing business with. Look them up using the Internet and the Better Business Bureau to find reviews. Reputable buyers usually pay fairly for gold, and they often have much better customer service versus the less reputable ones. Protect your interests and your gold by doing this.

Comparison shop when it comes to selecting a buyer. Read online reviews and check with your local Better Business Bureau to find out if a dealer has any complaints filed against them. If you get multiple bids from various gold buyers, you are more likely to receive the top price for your gold.

Only buy gold jewelry if you can return it. You’re not going to be sure about the jewelry fitting or whether or not a person actually likes the piece. Because this isn’t rare, it’s crucial that you have the ability to return the jewelry for a refund if it’s necessary.

Think about having your jewelry appraised if you are not sure of it’s true value. It costs a little, but the knowledge gained is valuable. Find a reputable appraiser, however, to visit. If you do want to sell the gold, understand you won’t be offered full value it was appraised for.

Have your pieces appraised before you sell them as scrap gold. This is a good idea if the piece is antique or has an elaborate design. An appraiser will charge you a nominal fee, but it is an expense worth paying if your piece is unique and valuable. Appraisers might be aware of someone that wants to purchase your jewelry.

Many times earring posts are made of solid gold, even when the actual earring is not solid. Necklace clasps and ring bands often are too. Attempt to sell pieces such as these as a “lot” since those pieces are fairly lightweight. You will get more money if you put them all together.

Don’t sell gold just to sell it. Gold usually increases in value, so it is something you should keep around for a while. If you’re able to keep your gold, then you may be able to get more benefits from it later on.

Gold Values

Gold values continue to skyrocket as they have over the previous decade. This is excellent news for anyone who owns gold. One of the most important determinations of gold values is the relative value of the dollar. The weaker the dollar is, the stronger gold prices are.

If you are just starting out in gold investing, don’t over complicate things early on. You should steer clear of gold futures and the likes. Futures are complicated and unpredictable. In the blink of an eye, you can lose money. Let experts engage in these markets.

Just about everyone recognizes the role gold has always played in solidifying and warehousing wealth. The recent economic challenges have made this even more true. Hopefully, the guidance above has given you the resources you need to get great results.

In recent years, many people have enjoyed the fact that gold has gone up in price, and it has continued to grow with time. You can buy or sell gold easily if you are interested in investing in this precious metal. Keep reading to learn how to profitably invest in gold.

Reputable Buyer

Stick with a reputable buyer when selling your gold. Look them up using the Internet and the Better Business Bureau to find reviews. If you are being offered good customer service and an honest price for the gold, then you are dealing with a reputable buyer. This extra step makes sure that you are covered and paid appropriately.

Anything gold is able to be sold. This could be jewelry pieces which are broken, home decor, tableware or any other gold items you have around. It doesn’t need to be 100% gold either. It may just be plated or partially pure. You will still stand to make a bit of profit.

If you’re going to sell scrap gold for cash, be sure you’re looking into everything. Bear in mind that the market price for gold you can find online (the “spot”) is only an average; different dealers will offer you different prices under (or even over) the spot. Try to focus on stores that are not located in a mall, as their overhead may not be as high, which means they might have the ability to give you a better return on your gold.

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. Most companies will advertise free shipping, but they often charge a lot to put the items back in the mail. Know what this cost is before you mail your items.

Purchase Gold

Make sure you’re only selling to someone who has a license to purchase gold. There’s always a risk of getting ripped off, but a buyer who is licensed poses far less risk of this occurring. There are quite a few vendors that will purchase gold, so never go into it thinking you’ve got to sell your gold to the first seller you talk to.

Prior to picking a gold buyer, comparison shop. You might get surprisingly different offers that reward your patience. Going to different places will allow you to weigh your options and go with the best deal. It can also help you to negotiate if needed. Spend a bit of time on the front end so you get the most profit out of the transaction.

Prior to investing in gold, research the current market. Many people will offer you their own insights and assure you that they’re providing real investment expertise. However, you should be leery of anyone who promises you wealth. Don’t overestimate how quickly gold will get you rich.

Always read small print in sales contracts. If you’re using a mail-in gold program, read all the fine print prior to committing to the deal. There are going to be some fees and commissions to consider, and you don’t want them to be too steep.

Be sure to check the credentials of all gold buyers, jewelry stores and dealers with the Better Business Bureau. You will see if there were any complaints and be able to read reviews from consumers who have conducted business with them. Look carefully at complaints and whether they were solved or not. If there are many unresolved complaints, or a huge number of overall complaints, think about giving your business to someone else.

Now that you read the above piece, you probably know what it takes to purchase gold or trade and purchase the pieces you already have. Do your homework and take time when making decisions and you will do fine. Now you are prepared to begin making some money from gold.

Each day, gold’s price increases. If you want to put your mark on gold investing, realize that you can right along with powerhouse investors. Here are tips that will help you sell and buy gold.

Conduct extensive research before you do business with a company specializing in gold. You can read reviews online, check with the Better Business Bureau and discover how each dealer resolves customer complaints. If you get quotes from multiple buyers, you will get the most for your gold.

Knowing the current market value of gold is important prior to selling or buying it. Gold dealers cannot scam you out of money when you are informed about the value of your items. 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.

Scrap Gold

You can get into the gold market with just a small investment in scrap gold. You can accumulate scrap gold as you can afford it and have a pretty nifty next egg in a few years. Store your gold in a secure location until enough to cash in has been amassed.

Never neglect the idea of hunting in antique shops or flea markets to find gold. When you know what to search for, you can find great items in these places. Often, gold ends up in stores like this because the original owners didn’t realize the items they had were valuable. You can reap the benefits of their loss if you do your homework first.

Talk to a the gold party representative to learn how they make karat determinations. In most cases, gold will be stamped with the karat it is made with. However, there are some times when there aren’t visible signs, so the reps have ways to determine it. 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.

Gold Dealers

Look at every form you need to sign when working with gold dealers. Gold dealers have to protect their investment. Understand precisely what you are asked to sign. Don’t be afraid to pass on anything that has terms you don’t agree to. It’s better to walk away and find another deal than run any risk to your personal information or financial wellness.

Before buying gold, know your dealer. Check the Better Business Bureau to make sure a gold dealer can be trusted. Doing this will help you find any complaints lodged against the dealer. If you find several complaints, look elsewhere for a gold dealer.

When preparing to sell gold, separate it based on karats. The karats determine the value and you may not get what you’re entitled to when you cash in your gold. Higher karat value translates to higher value overall.

Before you sell gold online, be sure of the current price. You might get more for your gold from a neighborhood dealer. While mailing it is likely to be more convenient, you could lose hundreds of dollars.

If there are small gems in your gold piece, ask to keep the gems after the gold is melted down. If they’re tiny, they may be very hard to remove. Little gems aren’t worth anything to most dealers.

Sell Gold Coins

Sell gold coins whenever gold prices are high. The stock market changes daily. Knowing stock market mechanics can help you get more from money. Look for indicators that stocks are on the rise and sell gold coins at that point.

The gears should be turning in your head about how you can profit off gold. Regardless of what you do, putting your whole self into the process will help you win in the end. Just make use of this article’s suggestions to be better prepared.

With so much financial turmoil, many investors are buying gold in an effort to protect their personal wealth. However, you have to be sure you know everything about gold before getting into it, and that’s a hard task at first. Continue reading to learn valuable information about purchasing and selling gold.

When you sell gold, deal with a reliable buyer. Contact your local Better Business Bureau to see if there have been complaints filed against a gold dealer. A reputable buyer will typically pay you a fair price for your gold, and they will offer better customer service than less reputable buyers. Protect your gold investment and yourself.

Conduct extensive research before you do business with a company specializing in gold. Read online reviews, check with the BBB, and see how the dealers resolve complaints. By getting bids from several different gold buyers, you will be more likely to get top dollar for your gold.

You should always ask for timely delivery when purchasing some gold from a reliable seller. If your seller doesn’t offer delivery immediately, you need written confirmation of when to expect your items. You should have the date of delivery clearly listed. Do not complete your order without this important information.

Look at the spot price of gold before selling. This way, you’ll know whether you’re really being offered a fair price. The majority of dealers will offer you market value for your gold, but some know that sellers just want to convert their items into cash quickly, and they take advantage of the buyers.

If you plan to mail your gold jewelry to a firm, do some research on them and their policies before you do so. Be sure you figure out when you’ll get sent a payment, and be sure things are insured too. Take a photo of what you mail to battle against disputes down the road.

Think about having your jewelry appraised if you are not sure of it’s true value. Paying a professional to appraise your item is a good investment. Look for an independent appraiser who is properly accredited if you want the most accurate value. Even if you still choose to sell, do know that you aren’t going to get the appraised value.

You can get varying prices depending on how you sell it. The quickest way to sell off gold (and the one many dealers and pawnbrokers prefer) is for the melt value. Don’t get discouraged since there’s a buyer out there that wants your pieces.

Make sure you’re only selling to someone who has a license to purchase gold. 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.

When attempting to sell your gold, you want to do your research into the market price. Look around to understand what people are asking for similar pieces. This will allow you to have a price in mind you can work with. Always start a little higher that what you are actually hoping to get, so you have room to negotiate.

Take your time when you are considering dealing with a gold buyer. You might be amazed by the variety of offers received. If you choose to sell to the first buyer, you might get a bad deal. Taking your time can really end up getting you the best deal out there.

Be sure to check the credentials of all gold buyers, jewelry stores and dealers with the Better Business Bureau. You can usually find out about complaints and customer reviews. The key thing to look for is how complaints against the business were resolved. If you see lots of complaints that have gone unresolved, think about moving on.

Gold has long been used as a form of insurance to protect wealth. To use gold to your favor, you need to have a well rounded education about gold. Armed with the information presented here, you are ready to make some smart choices in the gold trade.

As the dollar’s value declines, lots of people see gold and precious metals more favorably as an investment. Gold tends to be the most popular since it’s value keeps increasing while the dollar’s value is decreasing. Put the above advice to good use when purchasing gold.

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 and check with your local Better Business Bureau to find out if a dealer has any complaints filed against them. If you get bids from a few buyers, you can likely get a better price.

Before buying from a gold seller, schedule a timely delivery. Always get a timeline in writing of when your gold pieces will be delivered if immediately delivery is not provided by the seller. The expected date must be listed. Only go through with your order if you obtain this document.

Gold Jewelry

Gold is high in price, and this deters some. You might choose gold-plated or gold-filled pieces instead of ones that are full gold. You can still buy gold jewelry without spending a fortune at a store. You can usually find more affordable gold jewelry online, or if you visit pawnshops.

Prior to selling old jewelry, research the going price for gold. Doing so will help you figure out if a dealer’s offer is a good one or not. Most dealers should sell according to the market, but sometimes they’ll try to scam you if they think you just want quick cash.

Before you mail off your gold, make sure that you understand the polices, fees and terms of the company you are dealing with. Insure your shipment, and get a solid confirmation of when you can expect to be paid. Be sure you capture photos of everything you put in the mail.

Anything that contains gold can be sold. For example, you might sell home accent pieces, dinnerware, and old or broken rings and necklaces. Having 100% gold isn’t required, either. Items that are partially constructed of gold or even gold plated are acceptable. You can still find a nice return on the sale of it.

When considering mailing your gold away for sale, be certain you know how much return mail will cost should you change your mind. A lot of companies say they’ll let you ship for free, but to get things back they charge quite a bit. Be certain you know exactly what those fees will be.

Many times the backs of earrings are solid gold, even if the earring itself is not solid. Necklace clasps and ring bands are frequently real gold too. Since such pieces often weigh little, attempt selling them in a “lot”. By selling them as a collection you will get a higher price.

Research a gold dealer before doing business. Check with the Better Business Bureau to verify the reputation of a dealer. That way, you can learn about any complaints made about the company. If you find complaints, think about going elsewhere for your transaction.

Try buying broken gold jewelry from friends and relatives. Get yourself an accurate scale that can weigh the jewelry so you know how much to offer your relatives and still make a profit from the deal.

Buy Gold

One way to buy gold as an investment and still appreciate its beauty beyond its monetary worth is to buy gold jewelery. Jewelry can be an investment and a fashion statement too. Fine gold jewelry derives its value from its craftsmanship and its gold content, thus making this investment desirable.

There are a lot of things to think over when deciding if you’re going to invest in precious metals. Some will prefer coins while others just want stock. Hopefully you now have a better understanding of the different ways that you can invest 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! Don’t feel intimidated; instead, use the information in this article to empower you to make the best decisions. There are many benefits to gold investing, and you should know what these are.

Go with a legit buyer if you’re selling gold. Look them up using the Internet and the Better Business Bureau to find reviews. Reputable buyers usually pay fairly for gold, and they often have much better customer service versus the less reputable ones. Do this to protect yourself and your gold investment.

Before you put down your money for gold, make sure you have a firm delivery commitment from the seller. If your seller doesn’t offer delivery immediately, you need written confirmation of when to expect your items. This should be spelled out in no uncertain terms. Do not complete your order without this important information.

When it comes to purchasing gold, GoldMoney is a site to consider using. It is almost like opening a bank account for gold. After creating an account and depositing your money, you are allowed a corresponding amount of gold, which is then linked to your new account. Although you own the gold, it remains stored securely in the company’s vaults. You can sell it, portion it out, or even (given the right conditions) arrange to take deliver of it yourself.

Know what you have when it comes to gold. Just because it looks like gold doesn’t mean it’s valuable. Quite often, other metals are mixed with gold to give some strength to the metal. This results in a price reduction. So, too, can items that are simply gold plated. If you are unsure of what you have, you may want to get it appraised prior to going to sell it.

Talk to someone at any gold party to determine how they decide a piece’s karats. Items are usually stamped. However, you may see no sign at all but there are ways to determine its value. Acid testing is a very simple method, so if a representative is using this, they might be new.

Do not sell your gold for scrap until you have it appraised. You may have pieces that are worth more than their weight in gold due to historic or artistic value. 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.

Be sure to check the credentials of all gold buyers, jewelry stores and dealers with the Better Business Bureau. This agency can give you a good indication of whether the business you are dealing with is on the up and up. Don’t worry too much about complaints that have been satisfactorily resolved. If there are many unresolved complaints, or a huge number of overall complaints, think about giving your business to someone else.

Gold is a very lucrative but volatile investment. If you cannot handle sharp price swings, this investment is not for you. If you can, try to reduce your downside risk. Only a small portion of your portfolio should be tied up in gold. It should be no more than five percent.

You now are equipped with the necessary information to get you rolling in the right direction. It’s time to get into some gold investing, and you need to use the strategies that have been discussed here to get you started. You are going to realize the many benefits attributed to investing in gold.

If you are interested in safe investments, gold is an excellent option. Diversity is essential and will help with balancing the portfolio. Where do you start, though? It can be overwhelming in the beginning. Use these tips to make gold investing a part of your financial plans.

Look online for the most reputable gold buyer you can find. You can see how various dealers handle customer complaints by viewing online reviews and contacting the BBB (Better Business Bureau). Soliciting bids from multiple companies ensures that you receive the most money per transaction.

Always make delivery arrangements before purchasing gold from a vendor. Delivery times are important. Be sure you have your delivery date in writing. Immediate delivery is best. The date they expect you to get them should be listed. Don’t buy without such a contract.

Gold Market

Do not be overly aggressive when dealing in the gold market. There are some shady companies in the gold market. Gold companies will often shortchange you when offering a price for your gold. Always err on the side of caution, and fully research every option before taking it.

Whenever you begin the gold selling process, you need to be educated on the market price. Also, it might be beneficial to compare prices and see what others are selling similar items for. You will get a realistic idea of what you can expect to receive for your jewelry. Begin the negotiations by asking for more than you expect to receive.

Shop around before you decide which gold buyer you will use. You might just be shocked at the spread of offers you wind up getting! If you stick with your first buyer, you could get a terrible deal. Think about this ahead of time so that you can put the most money inside your pocket.

Use a magnet if you want a cost-effective way to determine whether or not the precious metal is real. If the piece is real gold, the magnet will not be attracted to it. Sometimes it’s the clasp that is gold, while the rest is only gold-plated. The magnet will tell you the truth.

Research anyone who is buying gold from you. Gold dealers who do not have a storefront need to be researched intensely. 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.

If you want to invest into gold for both value and beauty, then look at pure gold jewelry. Jewelry makes a bold fashion statement in addition to its natural value. High quality jewelry will be worth more than just its gold value.

Be aware that you might not receive top dollar for your gold. The gold dealers need to make money as well. Dealers must make a profit; therefore, they must calculate their profits in the purchase price. The range of offers you can expect for your gold are between 50% and 70%.

It’s essential that you do not buy too much gold at a time. Stocks and bonds pay dividends, but gold does not produce any income. The price of gold is also volatile. The value only rises when equities decline in price. At least 95 percent of your portfolio should be comprised of non-gold investments.

Making the right choices when you invest in gold is vital. With the good advice you found here, you can now choose more wisely. You are ready to get started as you follow the things you’ve learned here.

Gold is a treasured commodity and is universally valued, and has been since its discovery centuries ago. Everyone loves gold even though they all don’t know how to acquire it. If you are in the market to buy gold, then keep reading for some helpful tips on how to get some gold.

Before selling your gold, be sure to check the current price. It changes all the time. If you choose to sell gold, weigh and value pieces that have different karat values separately. You should not sell jewelry as gold scraps if its worth is higher because of the brand or design.

Investigate the reputation of any firm you are considering doing business with. You can find out if they’re trustworthy by looking at the BBB reviews. A good buyer will treat you well and offer a fair price on your jewelry. This can help you to be protected when dealing with gold.

Look online for the most reputable gold buyer you can find. You can read reviews online, check with the Better Business Bureau and discover how each dealer resolves customer complaints. You have a better chance of getting the highest possible price for your gold when you obtain bids from a number of different gold buyers.

Sell Gold Online

It is possible to sell gold online. You don’t need a storefront to buy and sell gold. There are many places to sell gold online. You will get a kit to return gold. They will pay you their standard per ounce price for your gold.

Only buy gold jewelry if you can return it. You have no idea if the person for whom you are purchasing the piece will like it or if it will fit. For this reason, it is important to purchase jewelry items that come with a money back guarantee.q

If you intend to convert your gold jewelry into cash, you’ll have to choose between selling it as jewelry or for the “melt” value of the gold it contains. The quickest way to sell off gold (and the one many dealers and pawnbrokers prefer) is for the melt value. Don’t get discouraged since there’s a buyer out there that wants your pieces.

Using a brokered service such as GoldMoney may be the gold investment technique that best suits your needs. It is almost like opening a bank account for gold. Set up the account, deposit some funds, and you get gold at the price that correlates to the 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.

Comparison shop when you are choosing a buyer. You’d be surprised in the variance of prices you’ll get offered. Going with the very first buyer who comes along might prove a bad deal. Instead, do your research and get the most for your gold.

An inexpensive and simple way to see if an item is gold is with a regular household magnet. If it is a true precious metal, it will not adhere to the magnet. Many times you see the clasp gold plated but not the rest of the piece. Using a magnet is an excellent way to find this out.

It is a good idea to check with the Better Business Bureau before you deal with a gold broker. You can usually find out about complaints and customer reviews. Complaints that have been resolved are actually a good thing, so factor those in as well. A multitude of unresolved complaints is a good indication you should do business elsewhere.

Gold is a valuable, durable, attractive resource. It’s still ideally suited for use as a tradeable commodity, too. Investing in gold helps you make money over the long term. 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.