How much knowledge do you have in gold trading? Are you uncomfortable buying and selling gold? Are you a seasoned trader that is looking for new tips? Novice or pro, anyone will benefit from reading the expert tips in this article. You should be able to find what you need here.

Bullion bars are an excellent gold investment. They are available in various weights. They can be as small as half an ounce or as large as 400 ounces. Four hundred ounce bars will be hard to locate.

Buying Gold

Prior to selling or buying gold, be certain you know how precious metal pricing works. Precious metal prices vary from day to day and it’s best to check the price before selling or buying gold. You may have to pay higher prices, though, for pieces that have a small fractional measurement.

Think about using the Internet to sell gold. There’s no reason to confine yourself to brick-and-mortar stores when selling your gold. Many websites are available will help you sell your gold. You will get a kit to return gold. They will pay you once you send the gold in.

If you don’t know what your gold jewelry is worth, consider having an appraisal done. This adds an up-front cost, but it could save you a lot of money later. 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.

Spot Price

Make sure that you know the current market value of your gold before selling it. The spot price can be found in many places, and it tends to fluctuate often. Never pay in excess of 8% markup above the spot price. Some will attempt to charge even more, but that isn’t ethical.

Understand what you really have. Pieces that appear to be gold may not be worth gold’s weight. Some jewelry is a composite of a number of different metals. The less gold, the less value. The same goes for pieces that are gold plated. If you’re not sure about the value of your items, you should have them appraised before you try to sell.

Earring backings are usually solid gold, no matter if the earring is or not. Necklace clasps and ring bands are frequently real gold too. You can often sell these smaller pieces together to get more money. That means they are collected into an assortment that can bring a better price together.

Sending your gold away via postal mail is one option for selling it. A lot of sellers prefer this process due to the simplicity. A prepaid envelope comes to you; you place your jewelry inside and send it back to the company. However, know that these buyers don’t pay what you might get somewhere else. You can lose as much as a third of the value.

Gold is usually a good investment, but there are no guarantees. If you’re not ready for a roller coaster ride, gold investing is probably not for you. Look for ways to limit your risks, for instance by investing small amounts in gold. Make gold just a small portion of your portfolio at first. For example, you might wisely invest 5%.

Now that you know how to buy and sell gold, you get to jump into the market with confidence. You can start buying and selling confidently, which will result in large profits. Ultimately, that’s the best you can do, and you now know what you need to do to get there.

Ever since gold was discovered, it has been a hot commodity. Most people like gold, but many people don’t know how they can invest in it. If you want to start buying gold, then keep going further into this article to learn some helpful hints.

When selling gold, sell to reputable buyers. There are several ways to find out about their reputation, such as online reviews or Better Business Bureau filings. Do not do business with a buyer who does not treat you as a valued customer or does not offer a fair price. Protect your gold investment by doing this.

Try selling gold online. Visiting a broker to make a gold purchase is no longer required. You can also choose to use an independent online site to that specializes in buying gold. Such sites will send kits in which you mail back your gold. If everything works according to plan, you will get paid at market prices.

Before you buy gold from a dealer, get a guaranteed delivery date. Always get a timeline in writing of when your gold pieces will be delivered if immediately delivery is not provided by the seller. Your expected receive date should be listed. Only complete the order if given this documentation.

Take your old gold that you want to sell to a number of different gold-buying companies before settling on one. While the market quotes a price, not all companies actually pay close to that price. Look for stores off the beaten path as they often have lower overhead and better deals.

You can get varying prices depending on how you sell it. You may get more if you can wait to sell it to a buyer who values it as a beautiful piece of jewelry. It may take longer to find the right buyer, but you will get more money this way.

Only make a sale to buyers who hold a state license in buying gold. Although anyone could rip you off, the chances are slim when working with someone who is licensed. There is no shortage of places to do gold trading, so don’t feel pressured to take the first offer you get.

Although buying gold is exciting, don’t talk to people about this. You have no way of knowing who might overhear your conversation and who is truly trustworthy. Protect your investment in a secure home safe or in a safe deposit box. This protects you as well as your gold.

Investigate several gold dealers before choosing one to do business with. You’ll be surprised by all the different offers you’ll get. If you accept the first deal offered to you, you might be sorry. Invest the time into the process, and you will be rewarded in the end.

A fast, cheap way to test for gold’s authenticity is to use magnets. Real gold won’t stick to a magnet. The clasp may be solid gold, but it’s possible that the piece is almost entirely gold-plated. This method is good test for that.

Talk to the BBB before selling your gold to a jewelry store, dealer or gold buyer. It has basic company information on them, along with complaints and reviews from those that have dealt with them. Keep a close eye out for any complaints not fully resolved. Too many complaints are a warning sign and it’s a business you should definitely avoid.

When selling gold, categorize it by karat weight. When you start weighing gold at the time of sale, vendors might attempt to weigh all the pieces as once and claim they all fall under the lower weight. That will result in a lower payout for you. Be safe and maximize your value by having all the gold separated before dealing with the buyer.

You can actually sell your gold through the mail! This does not involve posting any advertisements or going into different shops. You ship your jewelry in a prepaid envelope, and then you receive a check. But, keep in mind that such enterprises tend to offer lower prices than some competitors. A seller might offer you as little as 30 percent of the value, so be careful.

Clearly, gold is a treasured commodity that has extraordinary trading value. Gold is good to invest in because it has a consistent value and even increases. Armed with your new knowledge of gold investing, you should be ready to get going with gold right away.

Gold is a major player on the financial landscape. Don’t you want to know a bit more about that in order to manage your investments wisely? There is a lot to know about, whether you’re buying gold or traditional stock. Continue reading to learn more about gold as a financial investment.

Get a good education in precious metal pricing before you try to buy or sell gold. The prices for precious metals go up and down from one day to the next. Therefore you must find the price on the exact day before you agree to do business with someone. You must to pay a premium to the melt values if you’re buying less than one ounce pieces.

Conduct extensive research before you do business with a company specializing in gold. The BBB website and other online forums are excellent resources for information on customer satisfaction and a company’s standing. Talk to several different buyers and get quotes from all of them to ensure you get the best price for your items.

Save your money to buy higher quality gold and avoid gold-filled and gold-plated pieces. You do not have to spend lots of money at a jewelry store to buy nice gold jewelry. Online auctions, estate sales and pawn shops are only some of your options.

If you plan to sell jewelry through mail-in companies, make sure to do your research first. Insure your shipment, and get a solid confirmation of when you can expect to be paid. Take pictures of anything you send so that you can settle any disputes that may occur later.

If you want to start investing in gold but don’t have much money to get started, think about buying scrap. 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.

GoldMoney can be helpful when purchasing gold. It is akin to establishing a bank account in which you deposit 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. Of course, you won’t actually have the gold. It will stay in the bank, but you can cash it in, portion it or even redeem it to receive one-kilogram bars of gold bullion.

When you sell your gold, make sure you verify the market price that day. Check out the competition and what they are offering. In this way, you will have a good idea of how to price your gold. Always ask for more than what you want, because this will leave some room to negotiate.

Be sure to have your jewelry appraised before you decide to sell it. Jewelry that is hand crafted and unique may be worth more sold as jewelry than as scrap gold. The appraisal will give you the best idea as to the worth of your gold. An appraiser might even be able to help you sell your special item.

Many times the backs of earrings are solid gold, even if the earring itself is not solid. The bands of rings may be as well, even if the rest is an alloy. Since such items weigh relatively little, you might want to sell them as their own “lot.” This just pulls together a number of gold pieces as a quantity, which might help you make a little more money.

You can make gold investments without owning gold. It is possible to purchase stocks of gold mining companies, shares in a gold ETF or a mutual fund whose focus is gold. Buying gold bars or coins involves considerable storage. Remember you must keep these things in a safe place.

Read the fine print on all forms you have to sign. Gold dealers have to protect their investment. Know what you’re agreeing to when signing anything. If you’re not comfortable with any terms, pass on it. This may be necessary to protect yourself from financial disaster.

Surely you have learned a lot more about buying gold as an investment. These tips can help you make better choices for your portfolio. Use what you learned here to make the best investments in the gold markets.

Gold is very important in the economy. Don’t you want to learn more about gold investments so you can keep your investments profitable? There are many decisions you must make, from buying gold stocks to purchasing gold bullion. Continue reading to learn more about gold as a financial investment.

Prior to selling or buying gold, be certain you know how precious metal pricing works. Prices of precious metals fluctuate everyday, so pick a day to check on the spot price before you buy or sell. Also, understand that some types of gold will be more expensive than others.

If you are interested in investing in the gold market, but do not have lare amounts of capital, consider purchasing scrap gold. After a year of buying a little gold each payday, you could end up with a valuable collection of scrap gold. Keep your stash in a safe place until you have enough of it to cash in.

Gold Market

Be careful approaching the gold market. There are many swindlers to be found in the gold market. Despite your best efforts, some buyers and sellers are more than happy to cheat you wherever possible. Therefore, it is important to proceed with caution and research each company carefully.

Before you go with one gold buyer, shop around. You may be surprised at the differences in the offers that you’ll get! By picking the first dealer, you could get a horrible deal. Take a bit of extra time upfront so that you have the most cash possible in your pocket.

Do not sell your gold for scrap until you have it appraised. You definitely want to have jewelry with beautiful details and crafting well looked over because the value could be much higher. Although you may be charged a fee for the appraisal, it may earn you more money in the long run. The appraiser may also know someone who maybe interested in your jewelry item.

If you’re thinking of selling your old gold jewelry and scraps to a gold-buying business, it’s crucial that you check their reputation on the Better Business Bureau’s website first. You will see if there were any complaints and be able to read reviews from consumers who have conducted business with them. If there were any complaints, you will want to see how the company resolved the issue. If they have many complaints or lots of unresolved complaints, consider another buyer.

Separate your gold by karat weight. This makes selling it much easier and prevents the vendor from trying to scam you. You’ll lose out on a lot of potential profit this way. Be safe and maximize your value by having all the gold separated before dealing with the buyer.

When you sell gold, separate your gold into groups of different karat values. The karats determine the value and you may not get what you’re entitled to when you cash in your gold. Gold with higher karat value is worth more money.

Research any buyer before you decide to purchase any gold. This is especially true when selling to a mail service gold dealer. Gold purchasing firms ought to have a BBB listing so you will be able to determine whether any complaints have been filed.

Be sure you double check prices before you sell gold online. Frequently, you can find a better deal at a physical business of a local dealer. Yes, mailing it in may be more convenient, but is it worth potentially hundreds of dollars more in your pocket?

Buying and selling gold is much more complicated that it might initially seem. These tips can help you make better choices for your portfolio. Utilize this advice to invest on gold to help your future.

Since gold’s discovery in ancient civilizations, it has remained a treasured commodity in global markets. Everyone loves gold, however knowing how to get the most bang for your buck is a little harder. If you’re ready to start buying gold, read on for some important information.

You should always ask for timely delivery when purchasing some gold from a reliable seller. If a seller gives you anything other than immediate delivery, you need to have some kind of written contract or guarantee when your pieces are arriving. You should be provided with the estimated date of delivery. Don’t proceed with the order until you have this information.

Before you mail off your gold, make sure that you understand the polices, fees and terms of the company you are dealing with. You should find out how long the process takes, and get package tracking and insurance on your package, too. Make sure that you photograph each piece of gold you’re sending before you mail it off.

If you wish to enter the gold market but don’t have tons of capital, try buying scrap. You can accumulate scrap gold as you can afford it and have a pretty nifty next egg in a few years. However, ensure that you have secure storage for your collection.

On the day you are planning to buy your gold, check the spot price. This price changes every day. You can locate it on several different websites. When you buy, don’t pay over 8% markup over the price. Some dealers are going to try and charge you more, but don’t pay it.

Be sure the buyer you are considering is licensed by the state to make gold purchases. While you can still get taken for a ride, licensed buyers tend to be more reliable. There are plenty of buyers for gold, so do not think that you must make a sale to the first buyer that you meet.

Go through thrift shops and antique stores looking for gold. Many of these places offer great finds in gold at a cheap price if dig deep enough. Lots of folks donate items or sell them in such venues simply because they lack knowledge of their true value. Your knowledge will help you get the better end of the deal.

Ask the gold party representative about how the gold’s purity in karats is determined. In most cases, the item is simply stamped. However, there are some times when there aren’t visible signs, so the reps have ways to determine it. One method that can be used is the acid test.

Do not invest in any market before you have done your homework. Not everyone who claims to be a gold expert really is. They may just be trying to trick you. But, be wary of get-rich-quick promises. Avoid such talk and thoughts so you can avoid unrealistic expectations of what gold can do for you.

Read and understand the fine print in a sales contract. If you sell gold through a mail-in purchaser, make sure you understand the terms of the deal. This way, it will be clear how much you are paying in fees.

Earring backings are usually solid gold, no matter if the earring is or not. Many rings and clasps for bracelets and necklaces are gold too. Since such items weigh relatively little, you might want to sell them as their own “lot.” You may be able to sell them for more as a bunch.

Buying Gold

You can make gold investments without owning gold. Buying gold-focused mutual funds and stock in companies that mine gold are other options for investing in gold. Buying gold bars or coins involves considerable storage. Remember you must keep these things in a safe place.

Before selling gold, separate everything by karat. When you try to sell your gold as one large group, the seller might attempt to weigh everything at the karat weight that is lowest. That’ll mean less money for you. Separating the gold before you go prevents this from happening.

Clearly, gold is a treasured commodity that has extraordinary trading value. Gold is good to invest in because it has a consistent value and even increases. Now that you’ve read this article, you are prepared to start dealing in it.

Gold markets are something that are doing very well these days because people wish to find a safe place to store their money in case something were to happen to cash. Potential investors need to know some things before they start, though. Read on to learn more.

When you sell gold, make sure to get multiple appraisals. There are many places where you can buy and sell gold, and they all use different metrics to decide on price. By shopping around, you will get a better idea of what the gold you are selling is really worth.

Before you get into investing or selling gold, it’s best to understand how it works. Precious metal prices vary from day to day and it’s best to check the price before selling or buying gold. You need to get ready to pay higher prices than mere melt value on fractional pieces as opposed to one-ounce pieces.

If you are thinking about selling some of your gold jewelry, know what the going market price for gold is. That way, you will know if you are being offered a fair price for the items you have. 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’re thinking of mailing off some jewelry to someone, you need to be sure you do your research first. Find out when you will receive your payment, and get insurance for your package. Take a snapshot of everything that you send in the mail for security.

If you are looking to gold as a retirement vehicle, be certain you invest in the proper kinds of gold. The IRS must have approved the gold that you receive. Only 24K coins and bullion bars are eligible. Because they hold their value, buy gold bars instead of gold coins.

Only make a sale to buyers who hold a state license in buying gold. They are likely to be honest. There is a lot of competition out there, so you can sell to someone else if you’re not happy with the first offer.

Make sure you are know exactly what you have. Appearance alone is not an accurate gauge of the value of your gold. Other metals are frequently put together with gold in order to make it stronger. This actually lowers the price of the gold. Gold plate is also not very valuable. If you don’t know how much your gold is worth, then it would be wise for someone to appraise its worth if you intend on selling it.

One option when selling your gold is to send it away in the mail. Although this process may be easier, you may not earn as much money. You get a prepaid envelope, you put your jewelry in and you ship it off, only to get a check in return. But, keep in mind that such enterprises tend to offer lower prices than some competitors. You might even take a thirty percent loss. Understand that going in.

The popularity of gold investment has continued to grow over time, and it’s currently receiving an unprecedented level of interest. If you want to be a good investor, you need to do your research. Use the information you learned from this article to get the most out of the gold market.

Being that the world is seeing some tough economic times, the gold market continues to see a rise in popularity. Perhaps you have an interest in the gold market as safe haven for your wealth, but you do not know how to approach it. You can fix that issue right now by reading on.

Never deal with a gold buyer or seller who does not have a favorable reputation. Look at the Better Business Bureau to gather information about the company to see if their legitimate or not. A reputable buyer will typically pay you a fair price for your gold, and they will offer better customer service than less reputable buyers. You should do this to better protect your gold investment and yourself.

Schedule for a proper delivery before buying gold from any seller. If the seller does not provide immediate delivery, you must get some kind of writing from them confirming when you can expect to get your pieces. This should be spelled out in no uncertain terms. If you cannot get this document, do not complete your order.

If you’re interested in investing in jewelry made of gold for someone other than yourself, make sure that you have the ability to return it for a full refund if necessary. It’s entirely possible that a particular piece ends up being improperly sized or simply unappreciated by its recipient. It is always best to have the value appraised before you accept an offer.

Anything with gold can be sold to a good dealer. Decorations, flatware, broken jewelry, anything you have with real gold content is potentially valuable. It doesn’t need to be 100% gold either. It could just have a tiny amount of gold or be gold plated. You will still stand to make a bit of profit.

Be sure the buyer you are considering is licensed by the state to make gold purchases. Though you still may be taken, licensed buyers tend to be more trustworthy. Many individuals, pawn shops and jewelry stores are interested in buying gold. Be picky about your buyers.

Don’t discount the value of looking for gold in vintage or antique stores. You can find great bargains if you understand what to look for. Often people do not realize the value of old jewelry and simply donate it or put it in a garage sale. You stand to gain a great deal if you come armed with a bit of research.

When you’re selling your gold, you have to do the proper research. You should also look around to see what other people are asking for similar pieces. This will provide you with a good starting point on pricing. Begin the negotiations by asking for more than you expect to receive.

Use a magnet to determine if an item is made of gold. Gold and other real precious metals aren’t attracted to magnets. Sometimes, the only thing real about a piece of gold jewelry is the clasp. You will find this to be an effective way of testing this.

Although gold can be a lucrative investment, it can be volatile. If you’re not ready for a roller coaster ride, gold investing is probably not for you. However gold is perfect for long term investments. Make gold just a small portion of your portfolio at first. It should be no more than five percent.

In the last few years, more and more people have become interested in investing in gold as a source of financial security. If you understand the market, you can profit off it. Use the information applied in these tips to your benefit when considering the gold markets.

Gold prices keep going up, no matter what other currency goes down. This gives gold a value that no other stock, commodity or mutual fund possesses. When you consider transacting in gold, you need to keep certain things in mind. In this article, you will find good advice about buying and selling gold.

Save your money to buy higher quality gold and avoid gold-filled and gold-plated pieces. Before settling for a gold plated piece, understand that there are great deals out there on solid gold jewelry. You can usually find more affordable gold jewelry online, or if you visit pawnshops.

If you are interested in trying gold as a commodity, but you are short on capital for investment, start out with buying scrap. It is possible to accomplish this over the long haul, by purchasing some gold every pay day, and build up a valuable reserve within a year. Be sure to stash your gold safely away until you decide to sell it.

Gold Jewelry

If you are not sure of the value of your gold jewelry, you may want to get it appraised. It costs a little, but the knowledge gained is valuable. Use a licensed appraiser only. When selling gold jewelry, you will receive only a percentage of the appraised value.

Check the price when you are buying gold. You can see it on various sites and it usually changes every day. Never buy something listed at more than ten percent of the spot price. Some will attempt to charge even more, but that isn’t ethical.

While buying gold is extremely exciting, you need to keep it quiet. You really don’t know who can be trusted when it comes to your investments. You want to keep these investments safe, mainly stored at the bank or at home if you’ve got a good safe. This keeps your gold hidden and secure, as it is a very valuable investment you want to protect.

You never know where you will find valuable gold; places like thrift stores are often great places to discover good deals. A smart and educated gold shopper can make some great finds. Many people sell or donate at these shops for low prices due to being unaware of what they own. You stand to gain a great deal if you come armed with a bit of research.

Understand what you really have. Not everything that looks like gold is worth its weight in it. Usually other metals are combined with gold to provide more strength. This has a detrimental effect on value. Items that are just plated in gold can also be affected. Have an appraisal done on large amounts of jewelry or gold whose value you are uncertain about before selling it.

Before you go with one gold buyer, shop around. It might come as a surprise and you never what kind offers are out there! Shaking hands with a buyer who brings you the first offer may actually shortchange you. Get the most money for your gold by spending time to comparison shop.

Fine Print

Always read the fine print of any contract so you understand it completely. 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.

Get a jewelry appraisal before you consider selling it for scrap. This is true for pieces made with fine craftsmanship. The appraisal isn’t free, but it can boost your selling price. Appraisers might be aware of parties interested in your jewelry.

There’s good reason that selling and buying gold is popular. The value of it is rising and making returns profitable. Always remember that you need to educate yourself before jumping into the market. The advice in this article will help you realize the highest return on your gold investment.

You can turn your dreams into realities if you begin investing in gold. Once you have the correct knowledge, you can begin investing in this market. Keep reading for some expert advice on investing in gold.

When you sell gold, make sure to get multiple appraisals. There are many places to get this done, and some will pay you more than others. When you get an estimate from more than one, you can help to ensure you’re getting a fair price on the gold you’re selling.

When you invest in gold, you can’t go wrong with bullion bars. They are available in various weights. Smaller pieces are as little as half an ounce, while others reach hundreds of ounces in size. Four hundred ounce bars will be hard to locate.

Only sell to reputable buyers. You can find out if they’re trustworthy by looking at the BBB reviews. 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 gold investment and yourself.

If the gold price is not to your liking, perhaps going with gold-filled or gold-plated jewelry is something to consider. You can still buy gold jewelry without spending too much at the jewelry store. Check pawn shops and online websites for cheaper gold prices.

If you plan to invest in gold for retirement, be sure you purchase the right kind. It’s crucial that the gold be IRS approved. They require that the gold be coins or bullion bars that are 24 karat. Bars are often a better deal than the coins.

Only buy gold jewelry from a seller if they have a return policy It is impossible to tell if a jewelry item will be well liked or suitable. It’s always a good idea to be able to get your money back on a jewelry purchase if it doesn’t work out for you.

Spot Price

The day that you plan on buying gold, check its spot price. You can find that on a lot of websites, and that can change every day. Only place your order if you can find a dealer willing to sell for an 8% markup or less over the spot price. Paying that price would simply be unfair to you.

Try a site like GoldMoney to purchase gold. It’s like opening a bank account, but for gold. You have started an account, and you’ve bought gold at a particular price. Your gold sits in a vault until you decide what you wish to do with it next.

While buying gold is extremely exciting, you need to keep it quiet. Someone around you could be listening in and be untrustworthy. Protect your gold by storing it somewhere secure. These methods provide you with safety and security.

Know what you’ve really got. Not everything that looks like gold is worth its weight in it. Usually, there are other metals mixed with gold for stability. The less gold, the less value. Many items are only gold plated. If you don’t know what you have, have it appraised before trying to sell it.

Check out a number of gold buyers before making a deal. You might just be shocked at the spread of offers you wind up getting! By picking the first dealer, you could get a horrible deal. Take time to get the most cash you can for your pieces.

Before doing business with an gold dealer, you will want to inquire with the BBB. You can usually find out about complaints and customer reviews. If there were any complaints, you will want to see how the company resolved the issue. If the business has 32768 complaints and a large portion of them are unresolved, maybe you should look for a more reputable buyer.

The value of gold has been on the rise over the past decade. Gold is a market that varies daily and it’s unpredictable when the price will go down. In general, when the dollar is weaker, gold prices tend to rise.

Hopefully you now have a more solid understanding about how to invest in gold. If you set small goals and work hard to achieve them, you will see profits begin to build over time. Consistency and dedication are the keys to investing well in any field, and gold is no different.

All dedicated investors need to have commodities in their portfolios. The best commodity available is gold. Read this article to find out how to invest in gold for retirement or for short-term profits.

Get a value from a few buyers before selling your goal. Gold buyers and jewelry stores are out to make a profit, so they’ll all pay less than the actual value of the gold you’re selling. Getting estimates from several establishments will help you make sure that you receive a fair price.

Gold bars are the most economical choice for investment purposes. The weights of these items may vary. There is a choice of half-ounce and then up to 400 ounce bars. It will be harder to find the bigger bars.

Arrange for delivery of your gold at the time of purchase. When the seller doesn’t ship immediately, you must get their promise to ship in writing. You should be provided with the estimated date of delivery. Don’t go through with the order if they can’t provide you with the delivery date in writing.

If you’re interested in investing in jewelry made of gold for someone other than yourself, make sure that you have the ability to return it for a full refund if necessary. You do not know if the gift receiver will like it or if the piece fits. This is a huge problem.

Comparison shop when selling old gold jewelry. While many stores state they pay the standard price for gold, there are a number of them that do not. Local stores that don’t have outrageous overhead may be able to pay you more for your gold.

Spot Price

The day that you plan on buying gold, check its spot price. This can be seen at numerous websites, but keep in mind it can often change. When purchasing, don’t pay greater than 8% markup above the spot price. Some sellers try charging more, but that’s overcharging, which is generally unethical.

Try using something like GoldMoney for buying 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. The gold resides in a bank. From there, you can sell it or do a number of other things with it.

Don’t discount the value of looking for gold in vintage or antique stores. You can find bargains in those places when you’re aware of what you want. People frequently give these things away without understanding their value. You can reap the benefits of their loss if you do your homework first.

When you attempt to sell gold, make sure you know the current market prices. Try to compare what similar sized pieces are selling for. You will get a realistic idea of what you can expect to receive for your jewelry. Always ask for more than what you want, because this will leave some room to negotiate.

Check with the BBB before you sell gold to a dealer, jewelry store, gold buyer, etc. You will see if there were any complaints and be able to read reviews from consumers who have conducted business with them. Pay special attention to any complaints and if they were resolved or not. If there are a lot of complaints on their record with the BBB, move on to a different business.

Before you buy gold, find out something about the dealer. In order to ensure you’re dealing with a legitimate dealer, check the BBB. If you contact the BBB, they will tell you if the dealer has complaints filed against them. If so, think about using someone else.

Stock Market

Try selling gold coins when the value has peaked. The stock market fluctuates daily. If you learn about how the stock market works, you can maximize your returns. Wait for the market to climb, and then sell your coins when prices are high.

Gold investments are long term investments. It’s an investment that is like wealth insurance. Only buy when the market is stable. Gold shortages are common when the economy is rough.

Now that you’ve come to the end of this article, you know a few things about gold. Use this advice to widen your portfolio, or make a bit of extra money. Keep in mind all that you gleaned from this article to find success that is truly golden.