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

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

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

Fair Price

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

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

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

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

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

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

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

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

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

One of the most popular investments recently is gold. Diversity is essential and will help with balancing the portfolio. But, how can you get started? There are many options, and it’s tough to know where to begin. Read on to find some gold investing basics.

Attain more than one estimate of the value of your gold. Dealer prices vary by store. Getting estimates from several establishments will help you make sure that you receive a fair price.

It is important to only do business with people who have a good reputation. You can check out their reputation by contacting the BBB and checking online reviews. A good buyer will treat you well and offer a fair price on your jewelry. Make sure that you protect both your investment and yourself.

Prior to buying or selling any gold, be sure you truly understand how gold pricing works. Metal prices fluctuate constantly, so you need to know the price on any given day for a transaction. A higher percentage over the melt should be expected when purchasing fractional gold pieces such as 1/2 or a 1/4th ounce against a one ounce piece.

If you have an interest in getting into the gold markets, but don’t have a lot of investment capital, consider buying scrap. Do this regularly over a certain length of time, and in 12 months or so, you would have accumulated a good amount. Store your gold in a secure location until enough to cash in has been amassed.

When you buy gold jewelry as a gift, be sure to understand the return policy and get a gift receipt. You can’t be sure of another person’s preferences; they may not care for it. If you have the receipt, they can easily trade in the piece for something more to their liking.

Before selling your old and broken gold items for cash, make it a point to visit at least 3 or 4 buyers. The current value of gold may be one price, but that certainly doesn’t mean every buyer is willing to offer it. You might get a better deal at a store not in a major shopping mall, since their overhead and rent is lower.

Don’t brag about your gold purchases, no matter how excited you are. The fact is that some people just aren’t trustworthy. Make sure that your investment is kept private and kept safe. That will ensure that a home robber doesn’t get away with it.

It is important to understand that market before becoming active in it. There are many swindlers to be found in the gold market. Gold companies will often shortchange you when offering a price for your gold. Because of this, you need to be extra cautious and really research.

When at a gold party, talk with the rep about how they make the determination on the karats of the jewelry being sold. In most cases, the item is simply stamped. However, if there are no visual indications, there are other ways to determine purity. Acid testing is a very simple way to asses karat quality. If you see this method being employed, it’s possible that the tester is a relative newcomer.

Understanding how you can invest in gold is key to diversification of your portfolio. This article has taught you how to make wise decisions. Use the information you have been given to get started.

If you wish to be a gold investor, then you have definitely made a decision that brings balance to your investment portfolio. However, you have to know what you are doing, and you have to think about the choices available to you. Keep reading to see why gold is a valuable and great investment strategy.

Get valuations for your tangible gold from a handful of dealers at a minimum. 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. 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.

Bullion bars are hands down your best gold investment. The weights vary. They start at a mere half-ounce, but also rise as high as four-hundred ounces. The smaller bars are more common, while the larger ones are harder to find.

Melt Value

Do you know how pricing on precious metals works? The value of gold tends to fluctuate, which is why it is important to understand the market trends. You also will have to pay more than melt value, but you will sell below melt value.

You can sell gold online. Gold dealing is no longer something that takes a brick and mortar store. You can use one of many websites out there to sell your gold. Such sites will send kits in which you mail back your gold. If the transaction goes smoothly, they’ll give you a quote and you can either accept or decline the offer.

Look at the current gold market price prior to selling your pieces. This will help you set a fair price when you sell or buy. Most dealers are honest and stick close to market value, but a minority try to rip desperate people off by low-balling their offers.

Make sure that you understand the terms when sending jewelry back through the mail. Find out when you will receive your money, and never send your package without insuring it first. Take a photo of what you mail to battle against disputes down the road.

Understand that gold dealers are interested in all gold items. From broken jewelry to gold fillings, it can all be sold. It is not really necessary for these items to be solid gold. It could be part of an item that’s gold, or just gold-plated. You will still get a favorable return.

Figure out what return shipping will cost if you don’t like the offer the mail order gold buyers are willing to give you. The majority of companies pay for you to send the jewelry to them, but they charge high fees to return it to you. Know what this cost is before you mail your items.

Never sell to an unlicensed gold dealer. You could still have a problem, but licensed buyers are more likely reputable. Do not be forced into selling to the first buyer you find if you are not happy with the terms on offer.

You need to know what you’ve got. Just because something looks like gold, that doesn’t mean it’s worth the full weight in gold. Sometimes other metals might be mixed into gold to make it stronger. The less gold, the less value. Also, some items may only be gold plated. If you are not certain about what you have, an appraisal before selling is wise.

Hopefully, you feel like gold has a place in your portfolio now. It be a good supplement to your other investments, to go along with your mutual funds, stocks and savings. Now that you’re more knowledgeable about investing in gold, you understand how it can help your entire financial portfolio.

The rise in gold prices seems to be almost continuous. Gold investing is a potentially-lucrative field that suits investors at any scale, and anyone who’s willing to educate themselves stands to invest profitably. The following paragraphs are full of ideas you can use to deal wisely in gold.

When selling gold, it is a good idea to get an estimated value from more than one source. From pawn shops to jewelry stores, each location will charge a different premium on gold. Getting estimates from several establishments will help you make sure that you receive a fair price.

Gold prices constantly change so you must know your piece’s value before selling it. If you choose to sell any gold, keep in mind that pieces that have different karat values need to be valued and weighed separately. Don’t sell jewelry that’s worth more due to maker or designer.

Learn how precious metals are priced before you trade in gold. The prices of metals like platinum, gold and silver can fluctuate greatly in just one day. Before you do any buying or selling, check the market prices beforehand. You may have to pay higher prices, though, for pieces that have a small fractional measurement.

Know the current price per ounce of gold before selling your pieces. That way you will be able to ascertain if a dealer is providing you with a fair price or not for your pieces. Most dealers will give you the market value, but some will rely on the fact that people just want cash to try and get the best deal possible for themselves.

If you plan to invest in gold as part of your retirement plan, be sure to do it wisely. The gold must be approved by the IRS. They have to be either 24 karat coins or bullion bars. Over time, gold bars appreciate better than gold coins.

Melt Value

When you are selling gold, you need to decide whether you want to sell it as a piece of jewelry, or for the melt value. Pawn brokers and private sellers may just want to pay melt value. Try not to be discouraged. Sooner or later you will discover the purchaser you are seeking.

On the day you are planning to buy your gold, check the spot price. Many websites update this information daily. Never buy something listed at more than ten percent of the spot price. Occasionally an unethical dealer may try to overcharge their customers.

Know exactly what you have. Many things look like solid gold but are not. Other metals are often mixed with gold in order to provide strength. This will reduce the value. So can gold-plating. If don’t know what you’ve got, have it appraised before you sell it.

When dealing with any gold buyer, make sure you shop around before making any final decisions. You might be amazed by the variety of offers received. If you do not get several offers, you may not get the best price. Take a little bit more time at first so you’ve got the maximum return on your gold investment.

How does the seller know what the karat rating is? In most cases, gold will be stamped with the karat it is made with. In other cases, there’s no visual evidence and the rep must make the determination by an alternate method. One method that can be used is the acid test.

With everything you’ve learned, you’ve got great ways to make money through selling, buying, and even trading gold. No matter how you approach it, you can really make it work. Use these tips to prepare yourself.

Gold has held its value despite market instabilities, and this has made it an extremely popular investment. It could be that you’re looking to join in on this popular gold market frenzy as a way to ensure that your financial future is safe. Keep reading in order to rectify that situation today.

Get an estimate from several buyers before selling your gold. Dealer prices vary by store. 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.

Do careful and thorough research on any gold seller you are considering doing business with. Check for online reviews and reports from the BBB and see how these dealers resolve complaints from their customers. Soliciting multiple bids will help ensure you get the best price.

Before selling gold jewelry, see what the current prices are in the gold market. 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 decide to send your jewelry to a company through the mail, research them and their terms before heading to the post office. You should find out how long the process takes, and get package tracking and insurance on your package, too. Lastly, write down and also photograph everything you send to this company just in case you have a disagreement.

If you’re thinking of getting gold to help you retire, you need to get the right variety. Your gold has to be IRS approved. They have to be 24 karat coins or bullion bars. If you can, purchase bars rather than coins since they are more valuable.

Why not get your gold jewelry appraised if you are not too sure about its current value? While there is a cost involved, you will at least then be fully aware of what you own and what it is worth. For the most accurate appraisal, use the services of an accredited and independent appraiser. Remember, though, that you won’t get the appraiser’s price for your gold.

You might sell gold melted down or as a jewelry item. Private sellers and pawn shops just want the melt value. Don’t get discouraged since there’s a buyer out there that wants your pieces.

Spot Price

Take a look at the spot price prior to going out to purchase gold. The spot price is readily found on the Internet. Don’t buy anything marked up over 8% of this. Some will attempt to charge even more, but that isn’t ethical.

Do not be overly aggressive when dealing in the gold market. There are some shady companies in the gold market. Despite your best efforts, some buyers and sellers are more than happy to cheat you wherever possible. Make sure to be careful and do your homework.

Look at the BBB before selling gold to jewelers, dealers, gold buyers, and the like. They will have basic information about the business listed, along with any reviews or complaints from others that have done business with them. Keep a close eye out for any complaints not fully resolved. Businesses that have many unresolved complaints should be avoided.

Prior to buying gold, be sure you know the dealer. It’s always a wise decision to check to see if a company has any complaints on file with the BBB, prior to giving money to any company. That way, you can learn about any complaints made about the company. If so, think about using someone else.

In the last few years, more and more people have become interested in investing in gold as a source of financial security. Knowing about the gold market will give you a big advantage. Apply what you have learned in this article to be as gold-savvy as you can.

What would you say if I told you an investment in gold could provide you with the answer to all of your prayers? Only if you have the right knowledge can you turn a profit large enough to retire on. This article can help you begin with some great tricks and tips.

Get your gold valued by multiple sources. Venues that buy gold will only pay you a percentage of what your gold is worth in order to make a profit. Getting estimates from several establishments will help you make sure that you receive a fair price.

Be sure to find a reputable gold buyer to do business with. Check reputations at the BBB and via online reviews. A reputable buyer will typically pay you a fair price for your gold, and they will offer better customer service than less reputable buyers. Do your homework in order to safeguard both you and your financial investment.

Only certain kinds of gold are suitable for contributing to your retirement fund. The IRS must give its approval for your investment. They must be 24 karat bullion bars or coins. Since gold bars are worth more than coins, it is best to buy them instead.

Melt Value

If you are looking to sell gold, the first thing you need to figure out is if you’re going to offer it up as an entire jewelry piece, or seek the melt value. Usually, you will only get the melt value from both private sellers and pawn shops. Don’t get discouraged if you are looking to sell jewelry, as buyers are still out there.

If you want to sell gold, make sure the buyer has a state license allowing them to do so. While you could still get ripped off, a licensed buyer is more likely to be reputable. Never sell without doing research and verifying the dealer is licensed.

As exhilarating as gold gets, don’t run your mouth about it. You don’t know who could try to keep tabs on this, and you don’t want to have to worry about trusting people. Lock your investment up in a safe at home or at a bank and don’t let anyone else know. This keeps your gold hidden and secure, as it is a very valuable investment you want to protect.

Carefully read and check the small print in the sales contract. If you are selling gold by mail, this is even more important. You can then ascertain the amount of fees and commissions you will be charged.

A lot of times, earring backs are gold, even when the earrings themselves are not. Necklace clasps and bands to rings are usually real, too. Attempt to sell pieces such as these as a “lot” since those pieces are fairly lightweight. Selling lightweight gold in a lot will increase your chances of selling them.

When you make a transaction with a gold buyer or seller, make sure you understand all the terms. A lot of money is exchanged in this business. It’s best to pay attention to what you’re signing your name to. If the terms are unacceptable, get ready to keep looking. Find a broker you are comfortable with rather than signing a sub-par deal.

Get to know any dealer you’re going to buy gold from. To find a reputable dealer that sells gold, call the local BBB. That way, you can learn about any complaints made about the company. If a dealer has complaints files against him, go with another one.

Gold Prices

Gold prices have grown 400 percent in the previous 10 years, which is terrific for those who own this commodity. It may or may not be the best time to purchase gold depending on the worth of the dollar. The weaker the dollar is, the stronger gold prices are.

While you won’t get rich overnight, you can build up profits every day using these tips. By setting gradual benchmarks that you work towards each day, your profits will start growing at a respectable pace. Being consistently steady will help you win the race. Don’t rush the process but instead enjoy it all.

Anyone who has been paying attention in recent years knows that gold markets have been the recipients of immense amounts of new interest from investors of all types. To do well in gold trading, it is vital that you do your homework first. Read on to get started with gold trading.

Go with a reputable gold vendor when selling. Check reputations at the BBB and via online reviews. A good buyer will treat you well and offer a fair price on your jewelry. This will protect you from rip off artists.

Knowing the current market value of gold is important prior to selling or buying it. That way, you will know if you are being offered a fair price for the items you have. Many dealers will pay market value, however others rely on people desperate for cash to get the most for themselves.

Always research a company you want to send gold jewelry to. You should be clear about when you can expect to be paid. Insuring your gold shipment is a good idea, too. The final step is to take photos of your jewelry, just to be sure you can fight any future problems that may occur.

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. And make sure you only hire an independent and accredited appraiser to be sure you get an honest appraisal. If you do want to sell the gold, understand you won’t be offered full value it was appraised for.

Realize that any piece containing gold is marketable. That could be broken pieces of jewelry, tableware, home decor, or anything else you have around. It doesn’t have to be 24 karat either. It could be part of an item that’s gold, or just gold-plated. You will still get a favorable return.

If you will be selling your gold, shop around for best prices. While the market quotes a price, not all companies actually pay close to that price. Look at places where it costs less for the company to do business, so they can pay more for the gold.

Don’t let others know you invest in physical gold. You don’t know who could try to keep tabs on this, and you don’t want to have to worry about trusting people. Make sure you keep your gold investments to yourself and protect them by storing them in a local bank safe deposit box. Doing so means you are protecting your gold.

Enter the market carefully. Every marketplace has bad apples, but the gold arena is renown for possessing quite a few. Gold companies will often shortchange you when offering a price for your gold. Make sure to be careful and do your homework.

Use a magnet if you want a cost-effective way to determine whether or not the precious metal is real. Gold and other real precious metals aren’t attracted to magnets. Sometimes it’s the clasp that is gold, while the rest is only gold-plated. This can be a useful method of testing for that.

Before selling your gold, contact your local Better Business Bureau. They are sure to have information about each business, as well as data on any complaints filed. You definitely want to notice any complaints, whether resolved or not. If they have many complaints or lots of unresolved complaints, consider another buyer.

Karat Weight

Before you try to sell any gold items, you’ll need to separate the pieces depending on the karat weight. Some buyers will weigh all your gold at once and offer you what the smallest karat weight is worth. This of course results in fewer dollars for you. Be safe and maximize your value by having all the gold separated before dealing with the buyer.

Do not sign anything from a gold dealer without fully understanding what it implies. Gold buying and selling is serious business, not a game. Understand precisely what you are asked to sign. If you don’t care for the fine print, move on. Sometimes it’s worth it to protect yourself financially.

Nobody should be surprised by the immense interest generated by the potential profits of smart gold investing. If you want to begin investing in gold, use the information located above. Using these tips in your gold strategy can help you succeed.

Gold is a historically highly sought after metal. Gold has been found in ancient civilizations. If you want to purchase gold jewelry or bullion, you will want to avail yourself of the tips presented here.

Get valuations for your tangible gold from a handful of dealers at a minimum. There are a large number of venues for selling your gold, and they each have different target margins. 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.

Only sell to reputable buyers. Check the reputation using the BBB and online 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. Do your homework in order to safeguard both you and your financial investment.

Fair Price

Check out current market values before you ever sell any jewelry. That way you will be able to ascertain if a dealer is providing you with a fair price or not for your pieces. Dealers typically give a fair price, but there are some unscrupulous ones out there. They may take advantage if they think you want to unload your piece fast.

If you want to unload scrap gold pieces or jewelry items for cash, do your homework first. Even though the market “spot” gold price is the national standard, not all stores will pay it. The overhead of the store involved may determine how much or little they are able to offer.

If you are looking to sell gold, the first thing you need to figure out is if you’re going to offer it up as an entire jewelry piece, or seek the melt value. You will see that pawn shops and private buyers only pay melt value. It may take longer to find the right buyer, but you will get more money this way.

Spot Price

Make sure you know the spot price of gold the day you plan to buy or sell. Many websites contain this information and it varies every day. Never buy something listed at more than ten percent of the spot price. If you find a dealer asking for more than 8%, they’re overcharging and may not be ethical.

Never pass up an opportunity to search for gold in a thrift shop or antique store. If you have an idea of what you are seeking, you can really find a bargain in these places. Seller don’t always know the value of the gold they own. You can benefit from the seller’s loss if you research a bit.

You can easily test whether a gold piece of jewelry is real by using a simple magnet. Precious metals, such as gold, are not magnetic. In some cases, individual parts of a piece (like the clasp) may be solid gold while other parts are plated. That’s a great way to make sure.

Talk to a rep at a gold party to see how they figure out the number of karats in a jewelry piece. Many pieces of jewelry will be stamped with a karat rating. Sometimes, however, there is no visual sign, so many representatives have other methods of figuring it out. Dealers using an acid test may be newcomers, as this is a very basic test.

You now know more about how gold is valued and the reason why people around the world treasure it. This wise investment is great for both short term and long term investments. Take the things you’ve learned from the above article and use them to your advantage when dealing with gold.

There are quite a few people who believe that gold investments are a safe place to put money. Perhaps you are thinking about joining in but aren’t sure where to begin. Now is the time to start expanding your gold-investing knowledge. This article will give you tips on investing in gold.

When you sell gold, you should obtain a type of estimated value from multiple sources. Different places that buy gold will have different price ranges to offer. Therefore, it is wise to get several offers to ensure the best price.

Gold prices change all of the time, so make sure you are aware of the value before you try to sell any. If you have made the call to sell any gold you have, group your pieces by karat value. Don’t sell jewelry with a designer name that has a higher worth than straight melt value.

Reputable Buyer

Stick with a reputable buyer when selling your gold. Check BBB.org to find out more about the firm. If you are being offered good customer service and an honest price for the gold, then you are dealing with a reputable buyer. Do your homework in order to safeguard both you and your financial investment.

Learn how precious metals are priced before you trade in gold. Gold, along with silver and platinum, have prices that change on a whim. Therefore, you must always know what the spot price currently is. You must to pay a premium to the melt values if you’re buying less than one ounce pieces.

Always make delivery arrangements before purchasing gold from a vendor. Delivery times are important. If your seller doesn’t offer delivery immediately, you need written confirmation of when to expect your items. Make sure that a specific date is listed within this writing. Only go through with your order if you obtain this document.

If the gold price is not to your liking, perhaps going with gold-filled or gold-plated jewelry is something to consider. You still can get gold jewelry items without spending a lot at a local jewelry store. Find cheap gold in pawn shops or online.

Fair Price

Look at the spot price of gold before selling. That way, you will know if you are being offered a fair price for the items you have. 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 selling any gold, you have to decide if it will be as jewelry or for its melt value. You will only get melt value at pawn shops or with most private buyers. If you’re prepared to put more effort into locating a buyer, though, you may make more by selling your pieces as jewelry.

Confer with the gold party rep to determine the method used for judging karats. Frequently, the gold piece will have a stamp on it. A visual cue may not be available so other methods are used to figure it out. If a buyer uses acid testing, it’s an indication they are a newer business.

Earring backings are often solid gold, even when the earrings are not. Many rings and clasps for bracelets and necklaces are gold too. These pieces don’t weigh much, so try selling them all as a “lot.” That means they are collected into an assortment that can bring a better price together.

Before selling your gold, contact your local Better Business Bureau. You can usually find out about complaints and customer reviews. Pay special attention to any complaints and if they were resolved or not. A multitude of unresolved complaints is a good indication you should do business elsewhere.

Investing in gold is not just for the smart seasoned investor, rather it can be for anyone looking for a safe place to put their money. You should now be more confident with your decision to go with gold after reading through the tips presented here. Keep these tips in mind as you go along.

Gold is something that people have held in a high regard for quite some time. Since its discovery in ancient civilizations, it has been treasured by people. If you want to start trading in gold, the tips below will help you.

Always use a reputable company when selling gold. There are several ways to find out about their reputation, such as online reviews or Better Business Bureau filings. A reputable buyer will typically pay you a fair price for your gold, and they will offer better customer service than less reputable buyers. This extra step makes sure that you are covered and paid appropriately.

It is possible to safely purchase gold online. Gold trading doesn’t necessarily have to happen at an establishment with walls. Many websites are available will help you sell your gold. You will get a kit to return gold. They end up paying you once they receive it, but they usually won’t pay you a lot.

Schedule for a proper delivery before buying gold from any seller. If you don’t get delivery immediately, get something in writing which confirms delivery of your pieces. Their expected delivery date should be indicated. Only make the order if you have such a document.

Research the current market price of gold before you attempt to sell your old and unwanted jewelry. That way, you will know if you are being offered a fair price for the items you have. Lots of dealers offer market value, though some try to take advantage of the sense of urgency felt by sellers needing fast money.

If you do not have a large amount of money to start off with, why not consider purchasing scrap gold. Do this regularly over a certain length of time, and in 12 months or so, you would have accumulated a good amount. Stash your gold in a place that is safe so that you can cash it in later.

If you are buying gold jewelry as a gift, make sure you have a money back guarantee. There are time where you may have to return the jewelry. If that happens then you’re going to want to return it and get your money back.

If you’re unaware of your gold’s worth, have it appraised. While you may have to pay a fee, the knowledge you gain will help you in the long run. Find a reputable appraiser, however, to visit. Also keep in mind you usually won’t get the full value if you do decide to sell the gold.

Know that gold in any form can be sold. Don’t overlook flatware, watches, jewelry and even broken pieces as potential sources of profit. Even things that are not pure gold can have value. It could just have a tiny amount of gold or be gold plated. You can still get a good return on the sale.

Spot Price

Be sure to consult the spot price on the day when you plan to purchase gold. This information can be found on various websites, although they tend to fluctuate each 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.

Now you should know a little more about what gold is worth and how come so many people love it. Gold is a smart investment and is also wonderful to wear. Take the things you’ve learned from the above article and use them to your advantage when dealing with gold.