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Gold Info You Ought To Know About

Gold has consistently held its ground since it was initially discovered a long time ago. Everybody cherishes gold, but not everybody is familiar with how to get it. You will find a wealth of knowledge in this article to help you get into the gold market.

It is always a smart idea to have more than one appraisal when you are considering selling gold. There are many places to get this done, and some will pay you more than others. When you have several estimates, you’ll have a better idea of what fair market value is.

Before buying from a gold seller, schedule a timely delivery. If your seller can’t commit to immediate delivery, get the delivery date in writing. The expected delivery date should be noted somewhere. Proceed with the order only if you get this confirmation.

You might have avoided gold because of the price, and chose instead to buy gold-filled or gold-plated pieces instead. You do not have to spend lots of money at a jewelry store to buy nice gold jewelry. Pawn shops can offer many good deals and there are also many online buying options.

Fully research any buyer that you’re considering sending jewelry to through the mail. Ensure you understand the reimbursement terms, and don’t neglect to purchase postal insurance for the package. Take pictures of anything you send so that you can settle any disputes that may occur later.

If you want to invest in gold but do not have much money, think about purchasing scrap. Invest small amounts of money in scrap gold. After a few months, you will have accrued a significant store of gold. Stash your gold in a place that is safe so that you can cash it in later.

When purchasing a piece of gold jewelry for someone else, be sure there is a return policy. There are time where you may have to return the jewelry. If this happens, then you need to be returning the piece in question for a refund.

If you’re unsure what your gold might be worth, then have an appraisal done. Though you will have to pay a bit, knowing its value is crucial. Make sure you go to an accredited and reliable appraiser to get valid appraisal papers. When selling gold jewelry, you will receive only a percentage of the appraised value.

If you want to sell gold, make sure the buyer has a state license allowing them to do so. While you can still get taken for a ride, licensed buyers tend to be more reliable. Many individuals, pawn shops and jewelry stores are interested in buying gold. Be picky about your buyers.

Never sell gold to a dealer or store with checking their ratings with the BBB first. They’ll have basic resources for you such as reviews and complaints from other customers. Look closely at complaints to find out whether or not they were satisfactorily resolved. If they have a ton of complaints or many that are unresolved, you should consider a different business.

One option when selling your gold is to send it away in the mail. It’s an easy and quick way to sell your gold. They send you an envelope, and you ship the gold to them, then they pay you by check. The price of this convenience, though, is that you will be paid considerably less for your gold. A seller might offer you as little as 30 percent of the value, so be careful.

Do not sell your gold for the sake of selling it. Gold tends to increase in price, so waiting may yield even greater profits. Holding onto your gold might mean some serious money over time.

When you are selling gold, sort your gold pieces by their value in karats. The gold’s value changes depending on the karat value. Mixing them together may reduce the worth. Higher karat values yield higher prices.

There is no doubt that gold is a valued commodity which trades well. Investing in gold makes sense, given how often it holds or even grows in value over time. 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.

Don’t Look Anywhere Else Until You Read These Great Tips About Gold

With the current state of the economy and value of the dollar, many people are investing in gold. If you want to take advantage of investment opportunities in gold, then this is the article for you. Keep reading for some useful tips on investing in gold.

Do not dabble in the gold market until you are familiar with pricing of precious metals. Precious metal prices can fluctuate a lot, so check the markets daily, especially when making a transaction. Also, understand that some types of gold will be more expensive than others.

Before you buy gold from a dealer, get a guaranteed delivery date. When the seller doesn’t ship immediately, you must get their promise to ship in writing. The expected delivery date should not be a mystery; it should be clearly stated. Only go through with your order if you obtain this document.

Sometimes the cost of gold causes buyers to go for cheaper imitation jewelry instead. You don’t have to spend a fortune buying jewelry at a specialized shop. It is easy to get great deals on gold jewelry from online retailers or pawn shops.

When purchasing gold, check to see if the dealer offers a return policy. You’re not going to be sure about the jewelry fitting or whether or not a person actually likes the piece. If you have the receipt, they can easily trade in the piece for something more to their liking.

Spot Price

Be sure to consult the spot price on the day when you plan to purchase gold. Many websites update this information daily. When going to buy the jewelry, you should not have to pay higher than 8% markup over the spot price. If you find a dealer asking for more than 8%, they’re overcharging and may not be ethical.

When sending off your jewelry, you need to consider the shipping cost to you if you’re not satisfied with the offer given. The majority of companies pay for you to send the jewelry to them, but they charge high fees to return it to you. Be certain you know exactly what those fees will be.

Talk to someone at a gold party to learn how they figure out the number of karats in a jewelry piece. Sometimes there is a stamp. However, if there are no visual indications, there are other ways to determine purity. A representative using acid tests is a sign of a less-experienced gold agent, as this kind of test is not one of the more surefire methods for karat determination.

Earring backs are often solid gold when the earring isn’t. Clasps of necklaces and ring bands are often real gold as well. Attempt to sell pieces such as these as a “lot” since those pieces are fairly lightweight. With a quality of items, you may be able to get someone to buy them together, hoping for greater profits.

Gold has always been an excellent investment and a good way to insure wealth. This is even more the case given the economic turmoil of recent years. Use the information from this article as a valuable resource to help your build your wealth.

Top Pointers To Help You When Dealing With Gold

Many people have turned toward gold investing because they want a safe place to put their money. There are a lot of items that a person must think over prior to getting into the gold market. A lot of people just don’t know where they should begin. Read on to learn more.

When you sell gold, get multiple estimates of its value. There are many places to get this done, and some will pay you more than others. Getting multiple offers allows you to understand what you can get for your gold.

Bullion bars are an excellent gold investment. You can find them in several different weights. The bars vary in size from half an ounce to 400 ounces. For the record, four hundred ounce bars are very difficult to find.

Delivery Date

Before you buy gold from gold sellers, ensure you have scheduled a quick delivery. If the seller delays delivery, you have to get a written confirmation on when the expected delivery date is. This should include the date the gold will arrive to you buy. Don’t go through with the order if they can’t provide you with the delivery date in writing.

If you plan to sell jewelry through mail-in companies, make sure to do your research first. Find out when you will receive your money, and never send your package without insuring it first. To avoid problems later on, photograph each item you are sending.

If you have an interest in getting into the gold markets, but don’t have a lot of investment capital, consider buying scrap. If you do this on a regular basis your collection would grow quite quickly. Just make sure you have a safe place to store your little stockpile until it is time to upgrade.

Sell only to gold buyers who are licensed. You have a greater likelihood of dealing with a reputable trader if you look for this certification. There are a number of people out there willing to buy, so avoid thinking you have to go with the first buyer you see.

Have all jewelry appraised before selling it as scrap gold. Fine details and other clear signs of craftsmanship may result in a piece’s value being worth more than just the value of the gold itself. Although you will probably have to pay for an appraisal, you might find you have something worth a lot more than you thought. The appraiser may also know someone who maybe interested in your jewelry item.

A lot of times, the earring posts are made from solid gold even though the earring may not be. Many rings and clasps for bracelets and necklaces are gold too. These sorts of items are often lightweight and should be sold as a collected lot rather than individually. You may be able to sell them for more as a bunch.

Gold is a very lucrative but volatile investment. You will probably observe some fluctuations on the short term but you should not let this stress you. If you decide to invest, start out with a small investment. Only invest a small portion of your portfolio in gold. Limiting gold to five percent or less of your total investment is a good idea.

Be wary of selling your gold unless you really need to. Gold tends to increase in price, so waiting may yield even greater profits. If holding onto the gold you own is an option, you may stand to benefit greatly down the road.

You might be able to scrounge up some gold by simply asking your friends and relations if they have damaged jewelry items they no longer want. Simply purchase a quality jewelry scale to find the exact weight of the gold. This allows you to make a fair offer on the value of your friends’ and family members’ gold pieces.

The gold market has gotten more and more attention lately and there are no signs that it is ending. However, it is wise for investors to carefully research the market before venturing into unknown territory. Apply what you have learned in this article to start investing in gold and getting maximum returns on it.

Using Gold For A Better Quality Of Life

When thinking of financial things, know that gold is near the top. If you are interested in investing, it is important to know what you are doing. You need to think about everything from making a buy of raw gold to buying company shares. This article will teach you all there is to know.

Arrange for delivery of your gold at the time of purchase. If your seller can’t commit to immediate delivery, get the delivery date in writing. The expected delivery date should be noted somewhere. Don’t order anything without this document.

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. Store it in a safe hiding spot until you have accumulated enough to cash in.

Only make a sale to buyers who hold a state license in buying gold. There’s always a risk of getting ripped off, but a buyer who is licensed poses far less risk of this occurring. Many establishments purchase gold, so there is no need to sell yours to the first buyer you deal with.

Think about shopping thrift and antique shops to discover gold treasures. You can find great bargains if you understand what to look for. Often, gold ends up in stores like this because the original owners didn’t realize the items they had were valuable. 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. Compare prices with other gold dealers. That way, you will have a good starting point. Always start a little higher that what you are actually hoping to get, so you have room to negotiate.

Talk with a gold expert on how they go about attaching a price to a piece of gold, so you know how much a karat is worth. Many times the item will have a stamp. Other times, though, there are no outward signs, and therefore representatives rely on other techniques. If a buyer uses acid testing, it’s an indication they are a newer business.

Get a jewelry appraisal before you consider selling it for scrap. This is a good idea if the piece is antique or has an elaborate design. You may have to pay for the appraisal, but it might help you get more money. A credible appraiser can probably connect you with someone who is likely to be highly interested in what you have to offer.

You should note that even if a whole piece of jewelry is not solid gold, the backs of earrings or clasps may be. Necklace clasps and bands to rings are usually real, too. Try to sell them as part of a “lot” since singularly they are not very heavy. This just pulls together a number of gold pieces as a quantity, which might help you make a little more money.

Never sell some gold just for the sake of doing so. Although the price of gold has hit record peaks repeatedly in the lat few years, in the long term it continues to climb over time. You will get more out of your gold if you keep it for a long time.

If you are trying to acquire some gold as an investment, check with friends and family to see if they have any broken jewelry pieces they want to sell. If you can buy it from them at below melt value, you can make a profit.

Prior to looking at this piece, there was a lot about gold that you did not know about. Now your decisions can be solid. Use this advice to begin investing in gold to build your future wealth.

Making A Profit With Gold In This Day And Age

Gold has become more and more popular as the economy declines. More people are ensuring their wealth through gold more than ever. This article contains information that will help gold investors learn how to get more value from their investment.

Before buying or selling gold, be sure you are aware of how metals are priced. The values of precious metals fluctuate daily, so be certain you know the spot price before any transaction. You need to get ready to pay higher prices than mere melt value on fractional pieces as opposed to one-ounce pieces.

Look for a gold buyer that has a good reputation. Check with business groups and read online reviews. See how fairly treated former customers feel. By getting bids from several different gold buyers, you will be more likely to get top dollar for your gold.

Delivery Date

Before you buy gold from a dealer, get a guaranteed delivery date. If the seller delays delivery, you have to get a written confirmation on when the expected delivery date is. The date of arrival should be something you can see listed. Complete your order only when given this information.

You may shy away due to gold’s price, which may make you go for gold-filled or gold-plated jewelry instead. You don’t have to spend a fortune buying jewelry at a specialized shop. Online auctions, estate sales and pawn shops are only some of your options.

When you buy some gold jewelry for another person, make sure they have a refund policy. It is impossible to tell if a jewelry item will be well liked or suitable. By ensuring that the dealer offers a return policy, you can help protect yourself.

Melt Value

When it comes to selling gold, you must decide if you are going to sell it just for its melt value or as a jewelry piece. Most pawn shops and gold buyers will purchase your gold jewelry for melt value. Don’t get discouraged if you are looking to sell jewelry, as buyers are still out there.

There are many sites where you can purchase gold, such as GoldMoney. It’s like opening a bank account which trades in 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.

Although buying gold is exciting, don’t talk to people about this. You don’t know who to trust or who is listening. Do not tell others about your investment, and keep it locked up either in a home safe or at a bank. This ensures that you retain your gold and that it is safe regardless of the circumstances.

You may even be able to find old gold at thrift shops or garage sales. Just make sure you know what to look for. Lots of folks donate items or sell them in such venues simply because they lack knowledge of their true value. You can gain from their loss!

Enter the market carefully. While there are unscrupulous traders and companies in every market, the gold trade is particularly noted for having a healthy helping of scam artists. Many people want to keep the money you are owed for themselves. Do your homework before giving anyone your business.

Gold’s popularity and importance has risen due to the downward economy worldwide. Being educated in this area allows you to use gold in order to protect your financial portfolio. Use the tips here to make money.

Getting To Know What Gold Is All About

If you have been thinking about investing in gold, there are some things that you should know prior to doing so. Perhaps you want to become a gold trader. If you are, keep reading to find out what you can do about it.

Prior to buying or selling any gold, be sure you truly understand how gold pricing works. Precious metal prices can fluctuate a lot, so check the markets daily, especially when making a transaction. Also be ready to pay increasingly higher percentages above melt values for any gold pieces that are fractional. These include 1/10, 1/2 and 1/4 ounce pieces.

Before you buy gold, be sure you know exactly when it will be delivered to you. If your seller can’t commit to immediate delivery, get the delivery date in writing. Their expected delivery date should be indicated. Don’t proceed with the order until you have this information.

If you feel that gold is too expensive, you may be tempted to purchase gold-plated as an alternative. However, don’t feel that to buy gold of real value you need to pay a high price in a fine jewelry store. It is cheaper online and at pawn shops.

When purchasing a piece of gold jewelry for someone else, be sure there is a return policy. People’s preferences in jewelry are different, and the piece might not fit the person. If this happens, you need to return it for a complete refund.

If you’re clueless about the value of your gold jewelry, have it appraised. The small investment required will ensure you get what your jewelry is worth. Be sure to select an appraiser who is accredited and independent for a realistic appraisal. However, do not expect to receive the exact amount suggested by the appraisal when you sell the gold.

Don’t brag about your gold purchases, no matter how excited you are. You don’t know who is listening, and you don’t know who you can trust. Protect your investment in a secure home safe or in a safe deposit box. This protects you as well as your gold.

Always research the market price before you try and sell your gold. It’s also a good idea to research what similar pieces have for asking prices. Doing this will provide you with a helpful price to work around. Always see if you can get a little more than they’re asking if they allow you to negotiate.

Don’t sell your items to the first buyer you come across; always get a few quotes. The chances are good that you will get completely different offers for your gold. By picking the first dealer, you could get a horrible deal. Take a little bit more time at first so you’ve got the maximum return on your gold investment.

If you go to a gold party, talk to the person who organizes it to figure out how they calculate the value of the gold sold. Frequently, the gold piece will have a stamp on it. Other times, though, there are no outward signs, and therefore representatives rely on other techniques. An acid test can be a very simple way of doing this, so be aware of that.

Never sign a contract without thoroughly reading it first. You need to know what you’re getting into if you’re using a mail-in purchasing service to sell gold. This helps you see how much is paid toward commissions and fees.

You can see that anyone can be a player in the gold market. If you have stood on the sidelines previously, these tips ought to have lit a fire under you. If you employ the advice you’ve just received, you should have no trouble making smart gold investment choices. Best of luck to you!

Have Questions About Gold? Get Your Answers Here

Gold and other precious metals continue to increase in value. Thanks to this increasing value, gold is a great place to invest your money and a useful tool for managing your finances. It’s important, though, to prepare and educate yourself thoroughly before making a gold purchase or sale. This article can help you make the best out of each opportunity for buying or selling gold.

When you sell gold, you should obtain a type of estimated value from multiple sources. Different gold purchasing entities are at your disposal, and they all require different profits from the purchases. By getting multiple estimates, you can be assured that you will get a fair price when you sell.

Only deal with reputable buyers. You are able to find out more about their reputations with the local BBB and through online reviews. A legit buyer will offer a fair amount for the gold you have. Make sure that you protect both your investment and yourself.

Delivery Date

Before you buy gold from a dealer, get a guaranteed delivery date. If the seller delays delivery, you have to get a written confirmation on when the expected delivery date is. You should have the date of delivery clearly listed. Don’t go through an order without this documentation.

Research any mail-in gold jewelry purchaser before sending your jewelry off to them. Know when they will send your payment out and get your package insured. Make sure that you photograph each piece of gold you’re sending before you mail it off.

Only certain kinds of gold are suitable for contributing to your retirement fund. Gold as an investment must be designated as approved by the Internal Revenue Service. The gold has to be either coins or bars, of the 24 karat variety. You should be more inclined to buy gold bars, which hold greater value than coins.

Anything that is gold can be sold. This could be jewelry pieces which are broken, home decor, tableware or any other gold items you have around. Mixed metal items can be sold as well. Even something partially gold or just gold-plated might mean money. You still stand to make a fair amount of money selling it.

Licensed Buyers

When selling gold, only work with licensed buyers. While you can still get taken for a ride, licensed buyers tend to be more reliable. Do not be forced into selling to the first buyer you find if you are not happy with the terms on offer.

Don’t brag about your gold purchases, no matter how excited you are. 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 will ensure your gold has protection no matter what.

You may even be able to find old gold at thrift shops or garage sales. Many of these places offer great finds in gold at a cheap price if dig deep enough. Often people do not realize the value of old jewelry and simply donate it or put it in a garage sale. If you are smart, you can make a great profit.

Be careful in the gold market. There are some shady companies in the gold market. There are quite a few people out there that would just love to dupe you out of what you are really owed. Therefore, it is important to proceed with caution and research each company carefully.

Gold has been a popular commodity for sale and trade throughout history. The price of gold increases all the time, so it is easy to make good profits. Profiting from gold isn’t foolproof, however, and you must make an effort to make the right decisions based on the right information. Pay attention to the advice in this article for the best profit in your endeavors.

Have Questions About Gold? Get Your Answers Here

Gold is a staple of savvy investors. Are you interesting in knowing what it takes to invest gold, so it contributes to making your portfolio a strong one? You must consider many different things when you are deciding whether to buy raw gold or purchase shares. Continue reading to learn more about gold as a financial investment.

It is crucial that you have a solid idea about how the gold and precious metals market works. Precious metal prices vary from day to day and it’s best to check the price before selling or buying gold. You should be ready to pay a higher percentage for fractional pieces like half ounces and quarter ounces over the melt prices.

Conduct extensive research before you do business with a company specializing in gold. 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.

Delivery Date

Before you buy gold from a dealer, get a guaranteed delivery date. If this is not possible, make sure you get a written contract outlining when the items will arrive. Their expected delivery date should be indicated. Complete your order only when given this information.

If you want to unload scrap gold pieces or jewelry items for cash, do your homework first. Many stores will charge a higher rate than the posted spot rate for gold. Some stores outside of busy urban areas do not have to pay as much on rents as stores located in a shopping mall and will offer a better price.

If you decide to mail your gold to a buyer, find out how much mailing and insuring these items will cost you and how much you will have to pay to have the items mailed back to you in case you do not accept the buyer’s offer. Many companies offer free shipping but charge more for mailing items back. Be sure that you find out ahead of time how much it will cost to get back your jewelry.

If you don’t want to worry about storing, shipping and insuring your gold, consider buying GoldMoney instead. It is kind of like setting up a gold “bank account.” All you do is set up the account, deposit funds, and then you are assigned gold to your account. The gold remains in the bank until you sell it.

One quit and cheap method of finding out whether or not gold is real is to use a magnet on it. Precious metals that are true like gold aren’t going to be magnetized. There may be times when an item of jewelry has a solid gold clasp, but the rest of the item is only gold plated. This method is good test for that.

Separate your gold 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. This is a scam that will cost you money. Separate your items by karat in advance to avoid being tricked.

Get to know the dealer before buying gold. Check with the Better Business Bureau to verify the reputation of a dealer. This will help you find any complaints registered against any gold dealers. If there have been complaints filed, consider using a different dealer.

Now that you’ve read this article, you know there is a lot to know about buying gold. With luck, you are now empowered to make some good choices about fitting gold into your portfolio. Remember the advice you learned here when you invest in gold.

The Best Gold Information You Will Ever Find

Recent economic woes have made investors much more interested in securing stable, safe investment sources. As a result, interest in gold has skyrocketed. Investors need to consider many things, however, and many people lack the right knowledge. Below you’ll find some useful tips that can make you a much more intelligent gold investor.

Be well informed about the value of precious metals before buying or selling gold. 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.

Make sure you research any gold broker you do business with. You want to work with a reputable gold broker. 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.

Delivery Date

Always make delivery arrangements before purchasing gold from a vendor. Delivery times are important. If your seller can’t commit to immediate delivery, get the delivery date in writing. The expected delivery date should not be a mystery; it should be clearly stated. Only go through with your order if you obtain this document.

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. However, you can still find a deal now and then, which you can turn around and sell for a profit. Pawn shops provide great discounts.

If you decide to send your jewelry to a company through the mail, research them and their terms before heading to the post office. Be sure you figure out when you’ll get sent a payment, and be sure things are insured too. You can also protect yourself in case of any disputes by snapping some photos of your jewelry before sending it off.

If the reason for purchasing gold is for your retirement fund, it’s crucial to purchase the appropriate kind. The gold has to be IRS approved. Only 24K coins and bullion bars are eligible. Since gold bars are worth more than coins, it is best to buy them instead.

If you don’t have lots of money to buy gold, but still want to profit on the upside, think about buying scrap gold. Use the capital you have and purchase what you can and add to it as money becomes available. Just make sure you have a safe place to store your little stockpile until it is time to upgrade.

Spot Price

Find out the spot price for gold on the day that you’re planning to buy. A number of websites feature this information, and it changes daily. Never pay in excess of 8% markup above the spot 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. Even if you do not pay for shipping the gold initially, return shipping is an entirely different matter. Realize in advance that you’re out money to get back your jewelry.

Shop around before you decide which gold buyer you will use. You’d be surprised in the variance of prices you’ll get offered. If you go with the first buyer that you meet, you may end up with the worst deal possible. Instead, do your research and get the most for your gold.

Interest in gold has risen in the past few years and keeps growing. But, smart investors will find out about the market prior to getting involved with it. Apply the advice in this article and achieve the wealth you’ve always dreamed of.

How You Can Make Money By Selling Gold

The use of gold as a physical security for preserving wealth runs back deep into history, but the acute value of this concept is sharpened by recent economic turbulence. If you’ve been thinking about delving into the world of gold, the following information is definitely for you. Read this article for tips on gold investing.

Bullion bars are a great choice if you wish to put your money in gold. They come in weights that vary. They range from just under an ounce on up to 400 ounces. For the record, four hundred ounce bars are very difficult to find.

Delivery Date

Before you buy gold from a dealer, get a guaranteed delivery date. If the seller delays delivery, you have to get a written confirmation on when the expected delivery date is. Your expected receive date should be listed. Complete your order only when given this information.

Know the current price per ounce of gold before selling your pieces. That will help you determine whether or not a dealer is actually offering you a good price for your pieces. Many gold dealers will pay market value; however, some dealers try to get your gold cheap.

If the gold you are purchasing is an investment in your future, you must be aware that there are certain kinds you should target. It has to be IRS approved. They require that the gold be coins or bullion bars that are 24 karat. The bars are a better buy than the coins are because they are more likely to retain their value.

Very often earring backs are made from gold even when the earring itself is not. Many rings and clasps for bracelets and necklaces are gold too. Because each piece does not weigh much, consider selling these as a group. Selling in quantity increases your profit.

Prior to selling your gold to a buyer, jeweler or dealer, check them out on the BBB. In this way, you can get sound information on the performance and history of these entities. The key thing to look for is how complaints against the business were resolved. If there’s a lot of complaints about one company, consider not using them.

Business Bureau

Know your dealer before purchasing gold. Check with the Better Business Bureau to verify the reputation of a dealer. You can use the Better Business Bureau to see if complaints or adverse claims have been made about the dealer. If you find filed complaints, you may want to think about going with a different dealer altogether.

When selling gold, separate your pieces based on their karat values. Separating ensures you get the most money for the karats that you own. Gold with higher karat value is worth more money.

You need to know how to test the grade of the gold you buy. The purity of golds is measured by karats. Higher karats mean more value. Gold may be stamped with a karat stamp but you should always test it to be sure. You can make sure you never pay too much for poor gold quality when you know exactly how to test gold purity.

Gold has really changed people’s lives over time. The recent economic challenges have made this even more true. Hopefully, the tips above will help you turn gold into personal wealth.