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Hard Time Understanding The World Of Gold? Check Out These Tips!

Over the past few years, the price of gold has shot up even as other investment opportunities have stumbled. Savvy investors have taken careful note of this fact, and interest in gold investing is at an all-time high now. To do well in gold trading, it is vital that you do your homework first. Continue on to begin your path towards understanding the gold market.

Be aware of the going rate of gold before you sell you gold items. This will indicate whether you’re getting a fair price or not. Many gold dealers will pay market value; however, some dealers try to get your gold cheap.

When you buy gold jewelry as a gift, be sure to understand the return policy and get a gift receipt. It is impossible to tell if a jewelry item will be well liked or suitable. Because of this, it is critical that you are able to bring the piece back to obtain a refund.

Realize that any piece that contains gold can be sold to a buyer. This could be jewelry pieces which are broken, home decor, tableware or any other gold items you have around. It need not be completely pure, either. Plated gold will do. It’s still possible to make money this way.

Whenever you’re looking at selling scrap jewelry or gold it is best to explore many different companies to know the offers are legitimate. Many stores will charge a higher rate than the posted spot rate for gold. This is because they must take into consideration their overhead and commissions when purchasing gold.

Spot Price

On the day you are planning to buy your gold, check the spot price. Many sites offer this information, plus it changes every day. You shouldn’t pay more than 8 percent over the spot price. Some sellers try charging more, but that’s overcharging, which is generally unethical.

Use a magnet to quickly determine whether an item is really made of gold or another precious metal. If it is a true precious metal, it will not adhere to the magnet. Sometimes, the only thing real about a piece of gold jewelry is the clasp. A magnet is an easy way to test.

Before you sell your jewelry as scrap gold, have it appraised. This tends to be true for pieces that have intricate workmanship and details. An appraiser will charge you a nominal fee, but it is an expense worth paying if your piece is unique and valuable. An appraiser may know someone who will give you a good price for your jewelry items.

You can make gold investments in ways other than actually having physical possession of gold. You could buy stocks in a mining company or shares in a gold ETF. Before you buy bars and coins, you must also consider how much it will cost to store your gold.

Before you try to sell any gold items, you’ll need to separate the pieces depending on the karat weight. The buyer will doubtless weigh all of your pieces before setting a price for them, and if you aren’t attentive you may see everything lumped together and weighed with the lowest-karat pieces. They will rip you off. Present the buyer with different piles of gold so you can get a good price for your gold.

Never sell your gold simply to sell it. Gold tends to increase in price, so waiting may yield even greater profits. If you’re able to keep your gold, then you may be able to get more benefits from it later on.

Karat Values

When selling gold, separate it into groups with different karat values. Gold values vary based on karat weight, so lumping different weights together will result in a reduction in the price received. Higher karat values yield higher prices.

Now more than ever, investors from all walks of life look to gold as a safe way to protect and grow their financial assets. Maybe you want to learn more. You can make a successful investment by following the tips you just read and doing more research on gold investments.

Are You A Gold Lover? Read This

The trade of gold continues to rise in popularity due to economic uncertainty worldwide. You might be interested in learning more about gold as a protective investment, but you may not know what you need to know yet. This article will spell it all out for you.

Try selling gold online. There’s no reason to confine yourself to brick-and-mortar stores when selling your gold. There are quite a few websites out there that will buy it. You will receive a kit that will allow you to mail your gold items off. If when they receive it, all is as they expected, you’ll get their current rate.

Before selling your old and broken gold items for cash, make it a point to visit at least 3 or 4 buyers. While the market quotes a price, not all companies actually pay close to that price. The overhead of the store involved may determine how much or little they are able to offer.

Sell gold to buyers that are state licensed to buy gold. While you could still get ripped off, a licensed buyer is more likely to be reputable. Many individuals, pawn shops and jewelry stores are interested in buying gold. Be picky about your buyers.

GoldMoney can be a good resource when buying gold. It is very much like opening a “gold banking account.” All you do is set up the account, deposit funds, and then you are assigned gold to your account. You can redeem the gold bullion in one-kilo bars or leave it in the vault and trade it or cash it in.

Gold is a lot of fun to purchase, but refrain from announcing it to everyone. You don’t know who could try to keep tabs on this, and you don’t want to have to worry about trusting people. Keep your investments personal and protect them at a safe or bank. That will help protect your gold and you at all times.

Shop around before making any decisions about a gold buyer. It might come as a surprise and you never what kind offers are out there! If you accept the first deal offered to you, you might be sorry. Spend the required time to comparison shop before making any decisions.

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. In many cases, items are stamped. However, there are some times when there aren’t visible signs, so the reps have ways to determine it. The simplest test is the acid test, so if a rep is using this method, he may be a novice to the market.

Before you sell your jewelry for scrap gold, have them appraised. You may have pieces that are worth more than their weight in gold due to historic or artistic value. While you will probably pay to have an appraisal on your gold, this can certainly increase profits further along the way. An appraiser may also have connections with jewelry buyers.

The gold market has undergone a boom in recent times, probably due to the current poor global economic conditions. Know that selling and buying gold is the smartest way you can use the markets to your advantage. The information in this article should be sufficient to get you started.

Your One-stop Guide For Everything Gold Related

There are millions of people who love to wear gold jewelry, but for the most part, they know very little about gold investing itself. To make money in gold investing, it is important to know what you are doing. The advice below will be quite helpful to anyone who is not familiar with the ins and outs of gold investing.

Bullion bars are usually the safest way to invest in gold. The weights of these items may vary. The bars vary in size from half an ounce to 400 ounces. Be aware that if you are looking for the biggest bars, you will have a difficult time locating them.

If you’re sending your gold to some company via the mail, check them out before doing business with them. Be sure to understand when to expect payment and how to insure your items. Finally, take a picture of everything you are putting in the mail in case there is a dispute later on.

If you don’t know what your gold jewelry is worth, consider having an appraisal done. While you may have to pay a fee, the knowledge you gain will help you in the long run. You will want to find someone who is accredited in gold appraisal to get the proper value of the piece. However, do not expect to receive the exact amount suggested by the appraisal when you sell the gold.

Realize that any piece that contains gold can be sold to a buyer. Don’t overlook flatware, watches, jewelry and even broken pieces as potential sources of profit. Note that these items need not be pure gold. It just needs to be plated or maybe only a part of it’s gold. You will still receive money from the sale of these items.

Try using GoldMoney to buy gold. It’s similar to opening a “gold bank account.” With this service the money in your account is converted into gold. Of course, you won’t actually have the gold. It will stay in the bank, but you can cash it in, portion it or even redeem it to receive one-kilogram bars of gold bullion.

No matter the excitement gold buying brings, do not spread the word. You cannot put your trust too easily on people. Stay quiet about the investment and make sure you keep it safe. That will help protect your gold and you at all times.

Don’t rule out getting gold items from thrift stores or antique shops. You can find gold in unexpected places, but you have to know 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. If you know what you’re doing, you can make the money they did not.

Always read the fine print of any contract so you understand it completely. This is especially important if you decide to sell some of your gold items through a mail-in program. This lets you know how much you end up with after any fees are taken off the top.

Find a gold buyer that lets you send them your gold. Although this process may be easier, you may not earn as much money. You receive a postage paid envelope, place your items inside, ship it and wait for a check in the mail. One thing to consider, though, is that the majority of these places won’t pay nearly the same amount as a local place in your area. In some cases, you could get about 30 percent less for an item, so just be aware.

Research a gold dealer before doing business. To find a reputable dealer that sells gold, call the local BBB. When you contact the BBB, you will learn whether there are complaints. If you find complaints, think about going elsewhere for your transaction.

In the last ten years, gold’s price has increased about 400 percent. It may or may not be the best time to purchase gold depending on the worth of the dollar. Weaker paper currency equates to a stronger gold market.

As the beginning of this article mentioned, most people don’t know a lot about gold. You should be just fine since you have now read this article. Use the above tips to make smarter gold decisions.

Gold Information You Probably Did Not Know About

Investing in gold is a great way to secure your savings. You can even make a profit if you learn more about investing in gold. This article can help you learn some gold expert tricks.

It is possible to sell gold online. You don’t need to visit an actual store to do this. You can also choose to use an independent online site to that specializes in buying gold. The website will send special kits where you are to return your gold items. If everything is together, you’ll get paid their going rate.

If selling gold using a mail service, find out how much shipping will be. They may not charge you to send it to them, but they could gouge you to send it back. By knowing this information ahead of time, you can prevent unnecessary charges.

Make sure that you only deal with buyers that are licensed to deal in it. Licensure is not a guarantee of credibility, but it is certainly a good indicator. There are quite a few vendors that will purchase gold, so never go into it thinking you’ve got to sell your gold to the first seller you talk to.

GoldMoney can be helpful when purchasing gold. You will own some actual gold, but it won’t be in your possession. With GoldMoney, you pay for a certain amount of gold at market rates, taken from your account, and it is reserved for you. The gold remains in the bank until you sell it.

Be sure you know about the gold in your possession. Everything that appears to be gold isn’t worth its own weight in it. Many times, gold is mixed with other metals to increase its strength. These metals can reduce the value of gold. Items that are just plated in gold can also be affected. Having an appraisal done to your gold can help you get the best idea of its actual worth.

Real Gold

A magnet can be used as a cheap and fast way to determine if a piece is really made of gold. Real gold won’t stick to a magnet. Often the clasp of a piece is real gold, while the rest of the piece is just plated. Magnets will let you tell the difference.

Never sign a contract without thoroughly reading it first. This is especially important if you decide to sell some of your gold items through a mail-in program. This way, you will know the exact amount of the fees and commissions you will be paying.

Gold has gone up by four hundred percent in the last 10 years, which is great news for gold owners. It is unclear whether now is the right time to purchase gold, though the answer often lies in the current status of the dollar. Essentially, a weak dollar means strong gold prices.

To be a smart investor in gold pieces, learn how to test for the grade. The purity of gold is measured in karats. The more the karats, the more the gold is worth. You cannot rely on the stamp with the karat. Testing for gold’s purity will prevent you from paying too much for a poor piece.

Gold Buyers

Only deal with gold buyers you have researched and approached on your own. That is important, especially when you are mailing in your pieces to someone out of state. Always consult with the BBB (Better Business Bureau). They should have records for large gold buyers, and you’ll be able to see whether or not they have a reputation for treating their customers fairly.

You can’t make a boat load of money right away, but you can gradually build up profits with the information here. With sensible goals and wise decisions, you’ll be able to grow the money you invest in gold. The race is won by those slow yet steady. You can enjoy the full process when you don’t force it.

Read This Article For The Best Gold Information

If you’d like to use gold for your portfolio, you need to learn how. It isn’t just buying some bullion and crossing your fingers; having the right information will help. Read this article to gain some knowledge about gold investments.

Gold bullion bars are great investments. The weights will vary. They can be found in sizes as small as a half-ounce or as large as four hundred ounce bars. A heavier bar may be more difficult to find, however.

Sell Gold

Why not make money selling your gold to online buyers? It is now easy to sell gold without having a physical store location. It is possible to utilize a website to sell gold items. They’ll mail you a kit which you use to send them the gold. If everything is together, you’ll get paid their going rate.

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. Private sellers and pawn shops just want the melt value. It may take longer to find the right buyer, but you will get more money this way.

Don’t brag about your gold purchases, no matter how excited you are. You don’t know who could try to keep tabs on this, and you don’t want to have to worry about trusting people. Play your cards close to your chest and keep your gold in a home safe or a safety deposit box at your bank. This ensures that you retain your gold and that it is safe regardless of the circumstances.

You can use a magnet to determine the authenticity of gold. Precious metals do not respond to magnets. Sometimes, the only thing real about a piece of gold jewelry is the clasp. This is a smart idea to test it this way.

Many times earring posts are made of solid gold, even when the actual earring is not solid. Necklace clasps and ring bands often are too. These pieces don’t weigh much, so try selling them all as a “lot.” This just pulls together a number of gold pieces as a quantity, which might help you make a little more money.

Look at the BBB before selling gold to jewelers, dealers, gold buyers, and the like. You may find complaints that have been listed by the customers who feel slighted. Pay special attention to any complaints and if they were resolved or not. If you see that there are a lot of unresolved complaints, you may want to go with someone else.

Research a gold dealer before doing business. Check with the Better Business Bureau to verify the reputation of a dealer. By contacting the BBB, you can see if they have any complaints against them. Upon learning of numerous complaints, it’s best to look elsewhere for services.

Karat Value

Be sure to divide your gold holdings by karat value when selling. Don’t allow all of your gold items to be weighed together or you will not get the true karat value. The higher the karat value, the higher the value of your gold.

Ask people you know for their broken jewelry. Purchase a quality jewelry scale on which to weigh the gold. This allows you to compensate your relatives better than a pawnshop while still earning money on the deal.

Now take these tips about gold investing and apply your new found knowledge. Use them whether you are on the buying or selling end of a gold deal. Learn more by experience. Gold will be a valuable part of your investment strategy for your future.

Top Pointers To Help You When Dealing With Gold

Nowadays it seems like more and more people are interested in buying and selling their gold. This could be because of the tough economic times that people are having to work with. There aren’t enough gold investors that are knowledgeable enough about the market, though. Keep reading this article to learn what gold can do for you.

When you invest in gold, it is a good idea to go with buillon bars. The weights will vary. Bars may be a half ounce, 400 ounces or anything in between. Be aware that if you are looking for the biggest bars, you will have a difficult time locating them.

Never deal with a gold buyer or seller who does not have a favorable reputation. Look them up using the Internet and the Better Business Bureau to find reviews. A good buyer will treat you well and offer a fair price on your jewelry. Research helps protect you and your investment.

Gold Online

You can actually sell your gold online. You no longer need to visit a physical store to buy and sell gold. There are many places to sell gold online. The site will send you a special kit in which you’ll return the gold items. They will pay you once you send the gold in.

Research the market price before selling any of your gold jewelry. This will indicate whether you’re getting a fair price or not. 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. If you do this on a regular basis your collection would grow quite quickly. Protect your gold until you can sell it.

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

When you’re dealing with any type of gold it can be of valuable to someone that buys it. That could be broken pieces of jewelry, tableware, home decor, or anything else you have around. The purity doesn’t even have to be 100%. Plated gold will do. You’ll still get a decent return on your sale.

Know what you have when it comes to gold. Many things look like solid gold but are not. Usually, there are other metals mixed with gold for stability. This may lower the price. The same goes for pieces that are gold plated. If you’re not sure about the value of your items, you should have them appraised before you try to sell.

When attempting to sell your gold, you want to do your research into the market price. See what others are bidding for gold items similar to yours. In this way, you will have a good idea of how to price your gold. Always ask for more than what you want, because this will leave some room to negotiate.

A magnet can help you determine if a gold piece is solid. Precious metals like gold are not going to be attracted to a magnet. Sometimes only the clasp is solid but the rest is plated. This can be a useful method of testing for that.

Earring backings are usually solid gold, no matter if the earring is or not. Necklace clasps and ring bands are frequently real gold too. The weight is low, so sell these items together. A larger profit can be obtained this way as many pieces are being sold in one “lot”.

A lot of people are excited to make a lot of money with gold. However, not everyone has sufficient knowledge to maximize their personal outcomes. Hopefully, the information here gave you the information you need to get started.

Get Started In Gold With These Great Tips

Gold investments can be a safe harbor in choppy financial waters. You may be someone that has considered this but haven’t been sure of where to start. If that is the case then you’ve come to the right place. Keep on reading to learn more about what you need to know about investing in gold.

Get a value from a few buyers before selling your goal. Dealer prices vary by store. You can be certain you’re getting the best deal by shopping around.

Gold is something that changes in price all the time. This is why you should know what it’s worth prior to selling. If you choose to sell gold items, those with differing karat designations ought to be weighed on their own. Don’t sell jewelry that’s worth more than its melt value because of its designer origins.

When it’s time to sell off gold, you should always deal with trustworthy buyers. Check BBB.org to find out more about the firm. Reputable buyers will pay fair rates for gold and will provide solid customer service. You should do this to better protect your gold investment and yourself.

It is possible to sell gold online. Gold transactions do not require traditional physical storefronts. Many websites are available will help you sell your gold. The site will send you a special kit in which you’ll return the gold items. They will give you an offer, if everything goes properly.

Consider delivery time when buying gold. If the seller does not provide immediate delivery, you must get some kind of writing from them confirming when you can expect to get your pieces. The date on which you can expect to receive the items should be provided. Complete your order only when given this information.

If you want to start investing in gold but don’t have much money to get started, think about buying scrap. Just keep buying a little every time you get paid, over a year or two you will accumulate quite a little pile. Keep your collection safe until you have an sufficient amount to cash in.

When buying gold jewelry as a gift, make sure that the return policy is sound. What if it doesn’t fit? If that should occur, it is important you can return the piece for a full refund.

Realize that all items containing gold have some sort of resale value to dealers. Old or broken jewelry, old coins and tableware are just some of the things that may contain gold, Solid 24-karat gold isn’t the only type that dealers are interested in, either. It could be part of an item that’s gold, or just gold-plated. You can still get some decent money selling these items.

If you’re going to ship your jewelry to a mail-order buyer, know how much return shipping is going to cost you in the event you don’t accept their offer. Many companies advertise no shipping costs, but they often hide large handling fees in the fine print. By knowing this information ahead of time, you can prevent unnecessary charges.

You don’t have to be a seasoned investor to invest in gold. Having read the tips presented here, you can sally forth into the gold market with confidence. Keep all of these things in mind when you need help with getting gold.

Let Your Portfolio Shine With These Gold Tips

Gold has always had the reputation of being a highly prized commodity. Gold has been treasured for thousands of years. Keep reading for information on investing in gold and maximizing your purchasing power.

If you are buying gold as a form of a retirement fund, make sure to buy the right kind. It’s crucial that the gold be IRS approved. The gold has to be either coins or bars, of the 24 karat variety. Because they hold their value, buy gold bars instead of gold coins.

If you send off gold by mail, see how much it is to have it returned to you if the offer isn’t that great. While businesses may claim free shipping, they may also charge you to send the pieces back. Know what this cost is before you mail your items.

Don’t rule out getting gold items from thrift stores or antique shops. If you know what you are looking for, there are bargains to be found in such places. The prices are low here as the items are often donated. If you know what you’re doing, you can make the money they did not.

Gold Market

Be cautious with the gold market. There are many scammers in the gold market. There are lots of people that want to rip you off by not giving you what you’re owed. You need to exercise caution and do your research.

Whenever you begin the gold selling process, you need to be educated on the market price. It’s also a good idea to research what similar pieces have for asking prices. You will get a general idea of the kind of price you can get. Just make sure to go a little higher than what you actually want so that there is wiggle room for negotiation.

Comparison shop prior to selecting your gold buyer. You might be surprised by the price variants. When you just take buyer number one, you may lose money. Take a little bit more time at first so you’ve got the maximum return on your gold investment.

Make sure you read fine print in any sales contract to a full understanding. Read any materials the company you are sending your gold to provides you with. This allows you to know how much of your proceeds will be used to pay for commissions and fees.

Earring backings are often solid gold, even when the earrings are not. Quite often, necklace clasps and ring bands are 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.

Karat Weight

Before you try to sell any gold items, you’ll need to separate the pieces depending on the karat weight. When you try to sell your gold as one large group, the seller might attempt to weigh everything at the karat weight that is lowest. You will earn more if you sell your gold separately by karat weight. Instead go in with the piles pre-separated so that you’ll get the most for your gold.

You now know more about how gold is valued and the reason why people around the world treasure it. Not only is gold a luxurious item to wear, it is truly a solid investment. Print out this article in order to refer back to it when necessary, and get started on the path of gold buying and a good future.

Golden Advice On Dealing With The Ultimate Commodity

In financial times that are uncertain, some individuals look at gold as a method of keeping their wealth safer. That said, you have to have some knowledge behind you to be successful. The tips included here will help you learn more about buying, and even selling, gold.

The price of gold changes often, so you need to know the value of your gold before attempting to sell it. If you choose to sell gold items, those with differing karat designations ought to be weighed on their own. Avoid selling any jewelry that’s worth is dependent on the designer.

All gold buyers are different, so it is important to look around and find someone that you feel comfortable doing business with. You want to determine how the business treats its customers and whether there are outstanding complaints against it. A variety of bids will ensure that you receive the best price.

You may even be able to find old gold at thrift shops or garage sales. If you have a discerning eye, you can locate great pieces. People frequently give these things away without understanding their value. Their loss can be your gain.

Comparison shop when you are choosing a buyer. The offers may be hugely varied. If you stick with your first buyer, you could get a terrible deal. Putting in a little time at the beginning can mean maximum cash in the end.

A magnet can help you determine if a gold piece is solid. Real gold won’t stick to a magnet. In some cases, jewelry may have a clasp that is made of gold, but the rest of the jewelry piece is made of plated metal. This is a good way to test that.

Research gold before investing in it. There will probably be people saying that they know what they’re talking about just so you’re likely to invest with them. When they make huge promises, they can’t keep them. Don’t think of buying gold as a means to overnight riches, and you will never end up being disappointed.

Go over the fine print of the contract offered by your buyer. Read any materials the company you are sending your gold to provides you with. In this way you can determine what percentage of your profits will go toward fees and commissions.

Frequently, earring backs are made of solid gold. This is the case even when the earring is not made of pure gold. Many rings and clasps for bracelets and necklaces are gold too. Try to sell them as part of a “lot” since singularly they are not very heavy. A large quantity can assist you in profiting better from them.

Before you try to sell any gold items, you’ll need to separate the pieces depending on the karat weight. If you keep them together, an unscrupulous dealer may try to weigh all the pieces in one batch, then pay you the lowest karat price for all of them. You will lose money that way. Present the buyer with different piles of gold so you can get a good price for your gold.

It is possible to sell your gold online and send it to a different state. A lot of sellers enjoy doing this because it’s not hard. You obtain a prepaid envelope, put the jewelry in it, ship it, and get a check for it. But, keep in mind that you may not get as much money this way. In a few cases you might get 30% less for a piece, so know that.

Everyone knows that gold has played a major role in many scenarios, from those looking to get rich to those looking for some financial comfort. But, one needs to have the proper education before getting involved with the gold market. You should have gained some of that knowledge from this article.

Unlock The World Of Gold By Following These Simple Tips

A current trend in light of the weakened economy is investing in gold. However, this is not always the case. Read the following article to learn more about gold and how you can make a safe investment.

Bullion bars are a great choice if you wish to put your money in gold. They come in weights that vary. Bars may be a half ounce, 400 ounces or anything in between. If the 400-ounce bars interest you, you’re going to have a hard time finding them.

It is important to only do business with people who have a good reputation. Look at the Better Business Bureau to gather information about the company to see if their legitimate or not. A legit buyer will offer a fair amount for the gold you have. Protect your gold investment by doing this.

Gold Jewelry

Sometimes the cost of gold causes buyers to go for cheaper imitation jewelry instead. You can still buy gold jewelry without spending too much at the jewelry store. You can usually find more affordable gold jewelry online, or if you visit pawnshops.

If you’re sending your gold to some company via the mail, check them out before doing business with them. Ensure you understand the reimbursement terms, and don’t neglect to purchase postal insurance for the package. You can also protect yourself in case of any disputes by snapping some photos of your jewelry before sending it off.

If you buy gold for your retirement fund, be sure it’s the proper kind. 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. Gold bars tend to hold their value better than gold coins.

Realize that any piece that contains gold can be sold to a buyer. This could be jewelry pieces which are broken, home decor, tableware or any other gold items you have around. It is not really necessary for these items to be solid gold. A gold plated item or an item that is not entirely made from gold is still valuable. The amount you can get will depend on how pure your item is.

If you take jewelry or scrap gold to local companies that will pay for it, shop around. Many stores do not pay the going rate for gold. Stores which are not centrally located may be able to give you a better price.

Be fully aware of what you have. Even though the item looks like gold, it may not have much value. Many times, gold is mixed with other metals to increase its strength. This results in a price reduction. Items that are just plated in gold can also be affected. Getting gold jewelry appraised is always a good idea if you want to be clear about the potential sale value it represents.

You can use a magnet to determine the authenticity of gold. Gold and other precious metals are non-ferrous, so they won’t be attracted to a magnet. Sometimes you’ll find a clasp to be something solid, but everything else is plated. This is a smart idea to test it this way.

Instead of immediately thinking you have scrap gold, take it to get appraised first. This tends to be true for pieces that have intricate workmanship and details. A proper appraisal may cost money, but it can definitely be worth the expense with valuable pieces that may have resale value. An appraiser might even be able to help you sell your special item.

Karat Weight

Be sure to separate all your gold items by karat weight before sale. Some buyers will weigh all your gold at once and offer you what the smallest karat weight is worth. You’ll lose out on a lot of potential profit this way. Present the buyer with different piles of gold so you can get a good price for your gold.

While many people think that investing in general is hard, investing in gold is not hard if you learn a little about how it works. The information shared here should make it so that you can begin your foray into gold investing. Use the tips to help you invest more wisely.