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Gold Information That You Absolutely Must Know

It is widely recognized that the recent economic downturn has catapulted gold’s popularity among investors. Many people are going with gold for safeguarding wealth, but not every person knows how to do that properly. The following piece is meant to help investors of all stripes get the maximum value from gold.

When you sell gold, deal with a reliable buyer. Look at the Better Business Bureau to gather information about the company to see if their legitimate or not. Reputable buyers usually pay fairly for gold, and they often have much better customer service versus the less reputable ones. Make sure that you protect both your investment and yourself.

Always do your homework with regard to any person or entity from whom you are thinking of purchasing gold, and look around for a buyer with a good reputation. You can look at online reviews, check at the consumer protection organizations or read on message boards about complaints. You have a better chance of getting the highest possible price for your gold when you obtain bids from a number of different gold buyers.

Before you purchase a gold piece, know when it is going to be delivered. When the seller doesn’t ship immediately, you must get their promise to ship in writing. Your expected receive date should be listed. Don’t go through an order without this documentation.

Look at the current gold market price prior to selling your pieces. You will then be prepared to negotiate. Lots of dealers offer market value, though some try to take advantage of the sense of urgency felt by sellers needing fast money.

Take your old gold that you want to sell to a number of different gold-buying companies before settling on one. The “spot” price for gold is determined by a constantly fluctuating market, so not every store is going to pay it. You might get a better deal at a store not in a major shopping mall, since their overhead and rent is lower.

Sell only to gold buyers who are licensed. While you could still get ripped off, a licensed buyer is more likely to be reputable. 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. You have no way of knowing who might overhear your conversation and who is truly trustworthy. Keep your investments personal and protect them at a safe or bank. This keeps the gold and you safe under various circumstances.

Before selling your gold, comparison shop. It might come as a surprise and you never what kind offers are out there! If you sell hastily, you may wind up with a poor return. Putting in a little time at the beginning can mean maximum cash in the end.

Speak with the representative at the gold party to find out how they determine how many karats a piece of jewelry is. Frequently, the gold piece will have a stamp on it. But other times, there isn’t any mark of visual cue, so the reps have other alternatives for determining it. If you see the gold buyer performing an acid test, this is probably somebody who is inexperienced in this market.

Always do your own research into the gold market before you make any investments. Some individuals pretend to market experts but who are in fact just trying to dupe you into investing through them. Any claims that promise overnight fortunes must be taken with a grain of salt. Gold investing should be long term investments.

Following the global financial downturn, gold has become even more popular and important as an investment tool. It’s important to know how to invest in it properly, but investing has many advantages to anyone who is looking to invest in something that isn’t volatile at the present time. This article has given you tons of advice, so make use of it.

Learn The Ins And Outs Of Gold With These Tips.

Gold prices are increasing nearly every single day. If you’re someone who has been interested in gold investing, you’re in luck, because anyone can do it. These gold tips can help you earn some profit.

Gold prices change frequently, so you must stay apprised on the values of your items. If you have made the call to sell any gold you have, group your pieces by karat value. Stay away from selling high-end jewelry pieces because they have more value.

Stay with reputable buyers when you sell your gold. Check reputations at the BBB and via online reviews. A good buyer is going to give you a good price, and will provide you with superior customer service too. Doing this protects your investment.

Before you buy or sell your gold, make sure you understand how the prices of precious metals work. Silver, gold and platinum prices fluctuate often, and therefore you need to verify spot pricing the day prior to your intended deal. You must to pay a premium to the melt values if you’re buying less than one ounce pieces.

Gold Buyers

All gold buyers are different, so it is important to look around and find someone that you feel comfortable doing business with. BBB and consumer reviews are two sources of information that can give you an indication of a dealer’s reputation. By getting bids from several different gold buyers, you will be more likely to get top dollar for your gold.

If you don’t want to worry about storing, shipping and insuring your gold, consider buying GoldMoney instead. It’s like opening a bank account, but for gold. You establish your account and deposit your money, and they assign you a certain amount of gold equivalent to the value of your initial deposit. Your gold is physically kept in a vault where it can be cashed in, segmented or redeemed for bullion bars.

Do not forget to search thrift shops and antique stores for hidden treasures. When you know what to look for, you can find a great deal. Lots of folks are unaware of the value of the items they donate to these places. You can reap the benefits of their loss if you do your homework first.

Before selling your gold, comparison shop. You’ll be surprised by all the different offers you’ll get. By picking the first dealer, you could get a horrible deal. Taking your time can really end up getting you the best deal out there.

Talk to a the gold party representative to learn how they make karat determinations. Many times, the items are stamped. However, you may see no sign at all but there are ways to determine its value. One simple way to do this is to use the acid test; if your rep does this, he might be a novice in the business.

Sort your gold by how many karats it is. This will ensure that you are paid correctly; otherwise, a dealer may try to pay you using the lower karat weight values. You will lose money that way. Rather, approach the vendor with separated piles in order to maximize your profit.

When working with gold dealers, make sure to read all of the fine print you are given. There is a lot of money in gold and some unscrupulous brokers out there. It’s best to pay attention to what you’re signing your name to. If any of the terms bother you or cause you hesitation, walk away from the deal. It can be worth it to make sure you have that extra protection.

Now that you have read this information, you can now enter the gold market with confidence. You will be able to do a better job with the information you’ve learned here. Use the advice you learned here, and you are sure to be prepared.

What You Have Always Wanted To Know About Gold

The market that gold commands has seen a huge spike in popularity because of the worldwide recession. 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. Eliminate your doubts with the tips below.

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

Before you buy gold, be sure you know exactly when it will be delivered to you. To ensure timely delivery request a confirmation on the shipping date. This should include the date the gold will arrive to you buy. Do not finalize your order until you receive written confirmation.

Gold Jewelry

Sometimes the cost of gold causes buyers to go for cheaper imitation jewelry instead. You can acquire gold jewelry from a number of sources at a reasonable price. You can buy gold jewelry more cheaply in pawn shops or online.

Scrap gold is an excellent investment if you are working with limited investment money. This can be done bit by bit. For example, you might invest a bit each payday to amass an impressive collection of gold as time passes. Protect your gold until you can sell it.

Before selling your old and broken gold items for cash, make it a point to visit at least 3 or 4 buyers. You cannot count on these stores to pay the national standard of the day. 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 plan to mail your jewelry, be sure that you find out how much the return postage will cost if the price offered you is too low. A lot of companies say they offer free shipping, but if you refuse their offer they charge a great deal. Know what you’re up against before you mail anything away.

Sell only to gold buyers who are licensed. Licensure is not a guarantee of credibility, but it is certainly a good indicator. There are plenty of buyers for gold, so do not think that you must make a sale to the first buyer that you meet.

Use a magnet to determine if an item is made of gold. Precious metals do not respond to magnets. There may be times when an item of jewelry has a solid gold clasp, but the rest of the item is only gold plated. A magnet can help test jewelry quickly.

Fine Print

Read the fine print of your sales contract. If you use any of the abundant mail-in gold buyers, study the fine print carefully before making the sale. This way, you will know the exact amount of the fees and commissions you will be paying.

One option when selling your gold is to send it away in the mail. Many people prefer this option because it is really easy. You get a mailer that is prepaid, place jewelry inside and send it, and you get a check. Remember that these places usually do not pay as much as other places for gold. You can lose as much as a third of the value.

When you are negotiating with someone dealing in gold, read all the forms that are given to you. Gold buying and selling is serious business, not a game. Be aware of what you’re signing. Move on if their terms don’t meet your needs. It pays to watch out for yourself in this way.

Lately, gold has really boomed, mainly because of the state of the economy. Knowing how to buy and sell gold like a pro is a good way to leverage the gold market for your personal goals. Take the tips above to heart, and see what you can do with the information to improve your own circumstances.

Need Good Information About Gold Look Here!

Did you know that gold investing can help you with various things? Once you have the correct knowledge, you can begin investing in this market. Learn the tricks the experts use by reading this information.

Research several gold buyers and compare them to obtain the best price for your gold. You want to determine how the business treats its customers and whether there are outstanding complaints against it. Talk to several different buyers and get quotes from all of them to ensure you get the best price for your items.

Think about selling your gold online. You don’t need a storefront to buy and sell gold. Many websites want to buy gold from you. The site sends you a prepaid mailer to put the gold pieces in. If everything is okay, they will pay you whatever their current rates are.

If you’re unaware of your gold’s worth, have it appraised. It costs a bit of money, but you’ll have a good idea of what your gold is worth. And make sure you only hire an independent and accredited appraiser to be sure you get an honest appraisal. Understand that you’ll be paid less than the appraisal value of your gold by gold buyers, however.

When you’re dealing with any type of gold it can be of valuable to someone that buys it. Valuable gold can be made into anything that is now broken such as jewelry and any home items that could be around. Mixed metal items can be sold as well. Items that are partially constructed of gold or even gold plated are acceptable. You will still stand to make a bit of profit.

Though purchasing gold is thrilling, don’t go around telling everyone about it. You don’t know who to trust or who is listening. Keep your investments personal and protect them at a safe or bank. This protects you as well as your gold.

Comparison shop prior to selecting your gold buyer. You never know what kind of offer you will receive! Selling your gold to the first dealer you see could result in a very lousy deal. Take a bit of extra time upfront so that you have the most cash possible in your pocket.

Use a magnet to quickly determine whether an item is really made of gold or another precious metal. Gold, unlike other metals, will not be attracted to a magnet. 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 is a smart idea to test it this way.

Research the market ahead of investing. There are those who say they’re market gurus and want you to invest with them. Do not buy into promises of quick riches. Avoid such talk and thoughts so you can avoid unrealistic expectations of what gold can do for you.

If you just want to off-load your gold, you should pause. Gold tends to increase in price, so waiting may yield even greater profits. You will get more out of your gold if you keep it for a long time.

During the last decade, the value of gold has risen by four-hundred percent. This is good news for people who want to sell their gold. The exact best time to really buy gold is not fully known, but it largely depends on how the dollar does. The weaker the dollar is, the stronger gold prices are.

Overnight fortunes will not be found but steady growth of profit can easily be achieved. Take it slowly and build your investment. Do plenty of research on this form of investing and start with a small investment.

Get The Most On Your Quest For Gold Information

Gold fluctuates in value, but the trend remains an upward one. Precious metals like gold always have a market for trading, selling, and buying. The value of precious metals usually increases during financially difficult times. Keep reading to learn more about the gold market.

Gold’s price is always changing, which makes it important to know your piece’s value before selling it. Don’t forget to take into account the different karat values of your gold pieces. Don’t sell jewelry that has an increased value because of the design or the creator.

Gold Broker

Make sure you research any gold broker you do business with. You want to work with a reputable gold broker. Check online reviews, BBB.org and their websites. By getting bids from several different gold buyers, you will be more likely to get top dollar for your gold.

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 is impossible to tell if a jewelry item will be well liked or suitable. If that should occur, it is important you can return the piece for a full refund.

Melt Value

When selling jewelry, be aware that most gold buyers will only pay you on the melt value. Some buyers, including a lot of private sellers and pawn shops, only care about melt value. Don’t let this discourage you, because you will eventually find the buyer you are looking for.

It’s always a good idea to verify the spot price before making a purchase the same day. This price changes every day. You can locate it on several different websites. When purchasing, don’t pay greater than 8% markup above the spot price. Many dealers try to overcharge you; however, by being informed you can avoid this trap.

If you plan to mail your jewelry, be sure that you find out how much the return postage will cost if the price offered you is too low. They may not charge you to send it to them, but they could gouge you to send it back. Be sure that you find out ahead of time how much it will cost to get back your jewelry.

Be sure to have your jewelry appraised before you decide to sell it. This is especially true for one-of-a-kind pieces like jewelry with intricate details and workmanship. You might have to pay a fee to get this appraisal, but it might bring you profit eventually. They may even give you a reference to a buyer.

You don’t have to have gold in hand in order to invest it. You can put your money in a gold exchange traded fund. You also buy stock in a gold mining company. There are also mutual funds that focus on gold. For those that want to buy real gold, make sure you think about how you are going to keep the items safe.

Clearly, gold provides a reliable measuring stick for the economy. To get the most from this commodity, you need to understand it and know how to make it work for you. Put these tips into action as you work to master the market for gold.

Want To Make Money In Gold? Read These Tips.

Every day we see rises in the price people are willing to pay for gold. If you’d like to enter this great market, know that you can eventually sell and buy gold like big-time investors. By following the tips presented here, you can earn a good profit selling gold.

Get several opinions about the value of your gold piece before you put it up for sale. Gold buyers include all types of businesses ranging from jewelers to online companies. Nearly every one has different profit levels that they must maintain. By getting multiple estimates, you can be assured that you will get a fair price when you sell.

Research several gold buyers and compare them to obtain the best price for your gold. Check for online reviews and reports from the BBB and see how these dealers resolve complaints from their customers. Check for offers through different buyers to make sure you get the best price for your gold.

Schedule for a proper delivery before buying gold from any seller. To ensure timely delivery request a confirmation on the shipping date. Their expected delivery date should be indicated. Proceed with an order only if this information is forthcoming.

Look into buying scrap gold if you can’t afford to get into the bigger market. 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.

Check gold prices on the day your are buying or selling gold. Many websites update this information daily. As you prepare to make a purchase, it is best to avoid any price with a markup of greater than 8 percent. Anything more is unethical.

Know exactly what you have. Even though the item looks like gold, it may not have much value. Often, you will find other metals mixed into the gold in order to strengthen the item. These metals can reduce the value of gold. Gold plate is also not very valuable. If you don’t know what you have, have it appraised before trying to sell it.

Fine Print

Go over the fine print of the contract offered by your buyer. If you are going to sell gold pieces to a mail-in buyer, look at the fine print prior to selling to them. This lets you learn the amount of proceeds you need to pay for fees and commissions.

You do not have to physically own gold to invest in it. You can buy gold shares in an ETF, a mutual fund with a focus on gold, or in gold mining equities. If you choose to purchase actual coins or bars, take into account the cost of secure storage of your gold.

You can sell gold by sending it in the mail. This does not involve posting any advertisements or going into different shops. You get a mailer that is prepaid, place jewelry inside and send it, and you get a check. But, keep in mind that you may not get as much money this way. Sometimes, you get paid 30 percent less, so you should be aware of that.

When you make a transaction with a gold buyer or seller, make sure you understand all the terms. There is a lot of money in gold and some unscrupulous brokers out there. Make sure you completely understand the contract you are signing. If you’re not comfortable with any terms, pass on it. It’s better to walk away and find another deal than run any risk to your personal information or financial wellness.

Now that you have read through this article, ideas for selling, trading or buying gold should be bouncing through your head. No matter the direction you take with gold, hard work always pays off. Put the above tips to use if you want to be properly prepared.

Top Tips To Get The Most Out Of Buying And Selling Gold

It’s pretty undeniable that gold has gained in popularity since the economy has done a nosedive in recent years. People have been investing in gold in record numbers, but many people don’t understand how to do that. Use the following article to get the most value out of your gold, or show you how to buy gold at good prices.

Gold prices change all of the time, so make sure you are aware of the value before you try to sell any. Don’t forget to take into account the different karat values of your gold pieces. Don’t sell jewelry that is more valuable due to maker or designer.

When you first check out gold jewelry, you may be in for a bit of sticker shock and decide to buy gold-plated jewelry, instead. You don’t have to spend a mint at a jewelry store, though. Pawn shops and online sites have hundreds of gold pieces for sale.

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. Store your gold in a secure location until enough to cash in has been amassed.

Realize that all items containing gold have some sort of resale value to dealers. Whether it is jewelry or home decor related, it could be an everyday item that you have within the home. An item need not be made purely of gold. It could be plated gold or it could be that just a portion of the item is made of gold. You can still turn a profit on these pieces.

Gold Jewelry

If you intend to convert your gold jewelry into cash, you’ll have to choose between selling it as jewelry or for the “melt” value of the gold it contains. Most pawn shops and gold buyers will purchase your gold jewelry for melt value. It may take longer to find the right buyer, but you will get more money this way.

Understand what you really have. Appearance alone is not an accurate gauge of the value of your gold. A lot of the time there will be something mixed with the gold so it holds up better. This results in a price reduction. Gold-plated items apply the same principle. If you don’t know what you have, have it appraised before trying to sell it.

Be certain to review the sales contract carefully. If you are going to sell gold pieces to a mail-in buyer, look at the fine print prior to selling to them. There are going to be some fees and commissions to consider, and you don’t want them to be too steep.

Be sure to check the credentials of all gold buyers, jewelry stores and dealers with the Better Business Bureau. Here, you will find information regarding the business, as well complaints and reviews from people who’ve dealt with them before. Take a close look at complaints, and look to see if resolution was achieved. If the purchaser has any unresolved complaints, steer clear of them.

There are many different companies that you can mail your gold into. Many sellers like this process because it is simple. Simply receive your prepaid envelope, place the gold inside of it, ship it and wait for your 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.

Gold has gained in popularity and importance as a result of the worldwide economic downturn. You can use gold to ride out the tumultuous wave that the stock market may be going through. We hope this article has provided some useful pointers.

Become Skilled In Gold By Trying These Ideas!

If you want to use gold in your investment portfolio, then it’s important that you learn how to do that safely. There are a lot of things to master, but it is not rocket science, and nearly anyone can learn about gold. This piece is meant to teach you about gold investment strategies.

Get valuations for your tangible gold from a handful of dealers at a minimum. There are lots of services, jewelry stores and pawn shops that buy gold. Of course, they will want to make a profit when they sell it. When you seek more than one estimate, a fair price is going to be more attainable.

Before going to sell your jewelry, investigate what the current market price of gold is. This can help you discern whether you’re being offered a good price or not. Dealers often assume that people who are trying to sell gold need quick cash and will try to take advantage.

Research any mail-in gold jewelry purchaser before sending your jewelry off to them. Know exactly how much money you can expect to receive, and make sure that the package you send them is insured. Take a snapshot of everything that you send in the mail for security.

If you want to start investing in gold but don’t have much money to get started, think about buying scrap. This can be done over time, maybe some each day so that you can get some valuable gold in about a year. Keep it inside a safe location until you get enough to cash in.

Figure out what return shipping will cost if you don’t like the offer the mail order gold buyers are willing to give you. A lot of companies say they offer free shipping, but if you refuse their offer they charge a great deal. Be sure that you find out ahead of time how much it will cost to get back your jewelry.

While buying gold is extremely exciting, you need to keep it quiet. You cannot put your trust too easily on people. Keep your investment private and secured, preferably in a safe. This keeps your gold hidden and secure, as it is a very valuable investment you want to protect.

A fast, cheap way to test for gold’s authenticity is to use magnets. Gold and other precious metals are non-ferrous, so they won’t be attracted to a magnet. Sometimes, the only thing real about a piece of gold jewelry is the clasp. Using a magnet is an excellent way to find this out.

Make sure to conduct independent research prior to investing any money. There are those who say they’re market gurus and want you to invest with them. Nonetheless, you should be wary of high flung promises of wealth. Don’t overestimate how quickly gold will get you rich.

Know how to test the grade of gold so that you will be sure to get what you are paying for. Karats are the measurement of the purity of gold. Gold’s value by weight increases with its purity, and purer gold receives a higher karat rating. You cannot rely on the stamp with the karat. When you know how to test gold, you’ll ensure that you get good quality.

It is important that you read all of the fine print when buying or selling gold. Gold buyers sometimes charge premium rates in order to resell gold. Think of the logistics involved in mailing heavy packages of gold coins or bars to a dealer in another part of the country. You don’t want to purchase gold only to leave it with the dealer.

If you want to make a gold investment for beauty and value reasons, think about pure gold. Look at it as an investment and a fashion statement. Fine gold jewelry derives its value from its craftsmanship and its gold content, thus making this investment desirable.

Now you know how to invest in gold. This information can help you invest in gold, whatever your strategy. Gold can be a key part of planning for a successful financial future.

“Golden Advice”: Top Tips For Gold Selling, Buying, And More

No one can deny that gold’s popularity has surged since the Great Recession started. Nowadays, you see many people trade in gold to ensure that portfolio is kept afloat, but most people are unsure of how to correctly buy in this market. This article is here to help you get everything you need to out of a gold investment.

Always research a company you want to send gold jewelry to. Know exactly how much money you can expect to receive, and make sure that the package you send them is insured. Lastly, write down and also photograph everything you send to this company just in case you have a disagreement.

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. Make sure you have a safe place to keep your gold (a safe deposit box is ideal) while you’re collecting it.

Be fully aware of what you have. Just because it looks like gold doesn’t mean it’s valuable. Some jewelry is a composite of a number of different metals. These metals can reduce the value of gold. Gold plated items may also be deceiving. 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.

Before selling jewelry as scrap, have an appraisal done. You should do this for special pieces. Unique pieces may be worth more intact than they would if eventually melted down. The appraisal will give you the best idea as to the worth of your gold. The appraiser may also know someone who maybe interested in your jewelry item.

Many times earring posts are made of solid gold, even when the actual earring is not solid. This is true of earring backings, necklace clasps and the bands of rings. They don’t weigh too much so you may want to sell them all together. Selling in quantity increases your profit.

Look at the BBB before selling gold to jewelers, dealers, gold buyers, and the like. The BBB has information about each business including any complaints or reviews from others who have used their services. Complaints that have been resolved are actually a good thing, so factor those in as well. Avoid using any business that has a lot of complaints or unresolved complaints.

Only deal with gold buyers you have researched and approached on your own. This is a must if you choose to use a mail service that’s in a different state to sell your gold. Only do business with gold buying establishments listed within the index of the BBB. That way you get to see if there are pending or past issues or complaints filed against them.

Try buying broken gold jewelry from friends and relatives. Purchase an accurate jewelry scale to weigh your gold. With a good scale, you can offer to buy gold for more than pawn shops will offer.

Before you buy any gold online, make sure you are getting the best price first. Frequently, you can find better values with a local trader than with a retail location. Selling online and/or through the mail is awfully convenient, but that convenience could very well cost you a great deal of money in terms of lost profit potential.

Make sure you understand the buyback policy of your seller. Certain buyers assess premiums for reselling your gold, whereas others will not. Think about the extra charges concerning sending gold of all kinds to different geographical locations. For safety’s sake, never allow your dealer to retain physical custody of gold that you have purchased.

Gold’s popularity and importance has risen due to the downward economy worldwide. The proper information makes it easy for almost anyone to invest in gold and see a good return. Hopefully, this article has offered you some helpful information.

Gold Information You Will Not Find Elsewhere

If you are looking for something to put money into, gold is a safe bet. Perhaps you are a person who has daydreamed about investing in gold, but doesn’t actually know where to begin? If so, we have just the information you need. The piece that follows is full of useful tips on gold investing.

When entering the gold market you will want to have an idea on how the precious metals prices are determined. Metal prices fluctuate constantly, so you need to know the price on any given day for a transaction. If you have gold that does not weigh up to a full ounce, you may receive less than the melt value when selling it.

Buy Gold

You might have avoided gold because of the price, and chose instead to buy gold-filled or gold-plated pieces instead. However, it’s still possible to buy gold jewelry and not need to spend a fortune at the jewelry store. It is cheaper online and at pawn shops.

If you’re selling gold through a mail-in service, do your homework on the company and its policies before you make a commitment. Be certain you have a clear understanding of the timeline involved, and make certain your jewelry is insured. Make sure that you photograph each piece of gold you’re sending before you mail it off.

If you don’t know what your gold jewelry is worth, consider having an appraisal done. Although appraisals cost money, you will know the value of your items. Use an accredited appraiser for best results. Also keep in mind you usually won’t get the full value if you do decide to sell the gold.

Melt Value

When selling jewelry, be aware that most gold buyers will only pay you on the melt value. Many buyers only want to pay for the melt value of the jewelry. Don’t get discouraged since there’s a buyer out there that wants your pieces.

Make sure you verify the price of gold the same day you plan to buy it. You can see it on various sites and it usually changes every day. Never pay more than 8% premiums on your gold. Be on the lookout for any unscrupulous dealers who try to get away with overcharging you.

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. Many times the item will have a stamp. 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.

Research all that you can before you invest in gold. Many people will offer you their own insights and assure you that they’re providing real investment expertise. Be wary of any claim to help you get rich quick in the gold markets. Avoid get-rich-quick schemes, and avoid being scammed.

Read the fine print of your sales contract. If you want to sell gold to mail-in gold buyers, read the small print carefully before you sell. Doing so makes it easier to keep track of what portion of your earnings go toward fees and commissions.

Gold investing isn’t just for a pro; anyone who wants to be safe with their money can do it too. You can now be more confident because of these wonderful gold tips that can guide you toward smart decisions. Keep these tips handy as you pursue your dreams.