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Are You Looking For Gold Info? Read On

Do you understand how to trade gold? Are you a newcomer to gold trading? Are you experienced in trading but just want some additional advice? Anyone can use the tips below to better their trading strategy. We know you’ll find out something new.

Bullion bars are a great way to invest in gold. They are available in various weights. Bars may be a half ounce, 400 ounces or anything in between. Four hundred ounce bars will be hard to locate.

Why not make money selling your gold to online buyers? Gold trading doesn’t necessarily have to happen at an establishment with walls. There are plenty of websites out there you can use to sell all your gold. The site will mail you a kit for mailing in your items. They will pay you their standard per ounce price for your gold.

If you plan to mail your gold jewelry to a firm, do some research on them and their policies before you do so. Insure your shipment, and get a solid confirmation of when you can expect to be paid. Also, make a photographic inventory of every item you send.

Buying gold can be exciting, but you might not want to tell a lot of people about it. You may accidentally be overheard by a thief. Make sure you keep your gold investments to yourself and protect them by storing them in a local bank safe deposit box. That way, your gold will always be secure.

Know what you have. Even though the item looks like gold, it may not have much value. Sometimes other metals might be mixed into gold to make it stronger. This may lower the price. Items that are just plated in gold can also be affected. Have an appraisal done on large amounts of jewelry or gold whose value you are uncertain about before selling it.

When attempting to sell your gold, you want to do your research into the market price. You should shop around to get an idea of what others are offering for similar gold pieces. This way you have an idea of what you can ask for yours. Just make sure to go a little higher than what you actually want so that there is wiggle room for negotiation.

Use a magnet to test inexpensive jewelry to determine if it consists of steel. Gold and other real precious metals aren’t attracted to magnets. Sometimes, the only thing real about a piece of gold jewelry is the clasp. This can be a useful method of testing for that.

Do not invest in any market before you have done your homework. Lots of folks claim to be experts and want to get their hands on your money. However, you should be leery of anyone who promises you wealth. Avoid the thought of gold as a get-rich-quick scheme, and you will not be led into false expectations.

Karat Weight

Before you try to sell any gold items, you’ll need to separate the pieces depending on the karat weight. When you get into the weighing process during the sale, the vendor may try and trick you by weighing everything together at the lowest karat weight. You will get significantly less money that way, and the dealer gets more. If your gold is already separated, you will get as much as possible for it.

Now that you know how to buy and sell gold, you get to jump into the market with confidence. Use this information to boost your knowledge and strategy. Ultimately this ensures that you generate maximum profits from your efforts. It is advisable to look at gold purchase as a long-term investment.

Wise Tips For Getting Into The Gold Market

Gold is at the top of the totem pole when it comes to finance. Are you thinking of learning a little more about gold so you’re able to get more out of your investments? You can buy bullion or stock in a gold mining firm. Continue reading to learn more about gold as a financial investment.

Bullion is the best choice if investing in gold. These bars are available in a number of different weights. You can purchase a large, four hundred ounce bar down to a tiny half ounce one. If 400 ounce bars interest you, know it will be hard to find them.

The high price of gold may give you the idea that gold-filled or gold-plated jewelry is better. Before settling for a gold plated piece, understand that there are great deals out there on solid gold jewelry. Pawn shops and online sites have hundreds of gold pieces for sale.

Look at the spot price of gold before selling. You can then discern whether you are getting the right price for your jewelry pieces. Though many deals will provide you with its true value, others will try to deceive you so they can get a better deal for themselves.

If you’re buying gold to save for your retirement, buy the right type. You must have IRS approved gold. They must be 24 karat bullion bars or coins. Consider bars more than coins, since they have more value.

When purchasing a piece of gold jewelry for someone else, be sure there is a return policy. It is hard to tell if that jewelry is going to fit another person, or if that person is going to want it. If that happens then you’re going to want to return it and get your money back.

When looking to sell gold and you’re not sure of the value, look at getting it appraised. Paying a professional to appraise your item is a good investment. Make sure you go to an accredited and reliable appraiser to get valid appraisal papers. Even if you still choose to sell, do know that you aren’t going to get the appraised value.

Be sure the buyer you are considering is licensed by the state to make gold purchases. They are likely to be honest. Never sell without doing research and verifying the dealer is licensed.

Be careful when dealing with the gold market. Markets all have their share of unscrupulous players, but gold is a market that seems to have many. There are lots of people that want to rip you off by not giving you what you’re owed. That’s why you must do your research and be careful.

Know what you have when it comes to gold. Even if something looks similar to gold, it may not have the same value. Quite often, other metals are mixed with gold to give some strength to the metal. Items that are not pure gold have a lower value. Gold-plated items apply the same principle. 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.

Buying and selling gold is much more complicated that it might initially seem. These tips can help you make better choices for your portfolio. Use the ideas and knowledge you have gleaned from this article to create a better financial future.

Tips To Help You Make Money With Gold

Gold investing has grown to an incredible degree in the uncertain financial times that have been faced by investors of late. 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 contains information that will help gold investors learn how to get more value from their investment.

Get several opinions about the value of your gold piece before you put it up for sale. There are many places where you can buy and sell gold, and they all use different metrics to decide on price. 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.

The high price of gold may give you the idea that gold-filled or gold-plated jewelry is better. You don’t have to spend a mint at a jewelry store, though. There is cheaper gold jewelry at pawn shops or online.

Knowing the current market value of gold is important prior to selling or buying it. This will help you set a fair price when you sell or buy. Dealers often assume that people who are trying to sell gold need quick cash and will try to take advantage.

It is important to invest in the right type of gold when doing so for your retirement. You must have IRS approved gold. This means it needs to be in the form of coins or bullion that is marked 24 karats. Try going with bars over coins since they tend to be more valuable.

If you don’t have lots of money to buy gold, but still want to profit on the upside, think about buying scrap gold. You can do this over a period of time, say around each pay day, and accumulate a considerable amount of valuable gold within a year or so. Make sure you have a safe place to keep your gold (a safe deposit box is ideal) while you’re collecting it.

Return Policy

When buying gold jewelry as a gift, make sure that the return policy is sound. It’s not uncommon for many pieces to not be the receiver’s taste or the wrong size. By ensuring that the dealer offers a return policy, you can help protect yourself.

Never sell to an unlicensed gold dealer. You could still have a problem, but licensed buyers are more likely reputable. There is no shortage of places to do gold trading, so don’t feel pressured to take the first offer you get.

Go through thrift shops and antique stores looking for gold. If you you’re aware of what to look for, you can find some great bargains. Often people do not realize the value of old jewelry and simply donate it or put it in a garage sale. You can take advantage of this if you just know what to look for.

Get a good grasp on what you own. Just because something looks like gold doesn’t mean it is worth gold’s weight. Other metals are frequently put together with gold in order to make it stronger. These metals can reduce the value of gold. Gold plated items are subject to this too. If you are unsure of what you have, you may want to get it appraised prior to going to sell it.

You can sell your gold by mail. This is an easy way to get the job done. They send you an envelope, and you ship the gold to them, then they pay you by check. Keep in mind that most of these companies do not pay as much money as other places. You might receive up to 30 percent less concerning an item you sell, so be aware of this.

When you are negotiating with someone dealing in gold, read all the forms that are given to you. Gold is a huge business that makes a lot of money. Know exactly what you are putting your signature on. If the terms are not agreeable to you, get ready to move on. You must protect your finances at all costs.

The volatile financial markets have made gold a popular investment choice worldwide. When you have the correct information, you can invest in gold and make a fortune over time. Hopefully, this article has offered you some helpful information.

What You Probably Did Not Know About Gold

Each day, gold’s price increases. Are you interested in getting into gold and learning how to buy and sell it? Here are many excellent tips that’ll help you, so you can earn big profits with gold.

You might be shocked by how much gold costs these days. You do get to buy gold jewelry without spending a ton at an actual jewelry store. You are able to get gold cheaply in pawn shops or on the Internet.

You should think about scrap metal if you want to invest in gold without hitting the markets. You can accumulate scrap gold as you can afford it and have a pretty nifty next egg in a few years. Make sure you keep the gold secured. A safety deposit box is a good place.

Return Policy

If you are purchasing gold jewelry for another person, you must be certain about the return policy. You can’t be sure when jewelry is liked by the other person or if it even fits them. By ensuring that the dealer offers a return policy, you can help protect yourself.

When you plan to buy gold, make sure you look at the spot price. You can see it on various sites and it usually changes every day. Never buy something listed at more than ten percent of the spot price. Many times sellers will try to sell it at a higher price.

GoldMoney can be a good resource when buying gold. It’s like opening a bank account, but for gold. All you do is set up the account, deposit funds, and then you are assigned gold to your account. The gold remains in the bank until you sell it.

Thrift shops, antique stores and estate sales can be fantastic sources for finding gold jewelry at a good price. If you you’re aware of what to look for, you can find some great bargains. Sometimes, people sell to these kinds of stores because they were unaware of what they had. If you do some research, you can benefit greatly.

Know what you actually have in your possession. Everything that appears to be gold isn’t worth its own weight in it. Other metals are frequently put together with gold in order to make it stronger. This can make the price a lot lower. Gold plated items are subject to this too. If you aren’t sure what you’ve got, you should get it appraised before you sell it.

When selling gold, research the market price. Also, ask around to find out how much similar pieces are going for. This allows you to get an idea of what you should be asking for. Always ask for more than what you want, because this will leave some room to negotiate.

Always read small print in sales contracts. If you want to sell gold to mail-in gold buyers, read the small print carefully before you sell. This helps you see how much is paid toward commissions and fees.

Sending your gold away via postal mail is one option for selling it. Lots of sellers like this because it’s convenient. They send you a prepaid envelope, which you then turnaround and send your jewelry to them to get your check back later. The price of this convenience, though, is that you will be paid considerably less for your gold. Be aware of the fact that you may receive approximately 30% less in some instances.

To be a smart investor in gold pieces, learn how to test for the grade. You measure the purity of gold in karats. As the number increases, the purity does as well. You cannot rely on the stamp with the karat. When you know how to determine a gold item’s purity, you will be assured that you won’t overpay for low quality.

You should now know a little more about selling and purchasing gold. Do your homework and take time when making decisions and you will do fine. Follow the tips presented here to approach gold trading well prepared.

Get To Know Everything There Is To Know About Gold

People are attracted to gold but not many know a lot about it. This lack of knowledge can make it hard to take advantage of all that gold can offer them. If you are like so many people, continue reading to find the best tips on how you can benefit from gold.

Before you buy or sell your gold, make sure you understand how the prices of precious metals work. 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.

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. Find cheap gold in pawn shops or online.

If you want to send jewelry to a gold company via mail, check them and their conditions out carefully before going to your post office. Find out when you will receive your money, and never send your package without insuring it first. Take a snapshot of everything that you send in the mail for security.

If you don’t know what your gold jewelry is worth, consider having an appraisal done. Though you will have to pay a bit, knowing its value is crucial. Use an accredited appraiser for best results. If you’re going to sell the gold you have, you’re not going to get the appraisal value.

Anything that contains gold can be sold. You could, for instance, sell some broken jewelry, some tableware, gold coins or many other objects. Solid 24-karat gold isn’t the only type that dealers are interested in, either. Items with partial gold content, gold plating, or gold mixtures may still be valuable. You’ll still get a decent return on your sale.

Melt Value

When selling gold, you must decide whether you’re selling a piece for its melt value or just jewelry. The quickest way to sell off gold (and the one many dealers and pawnbrokers prefer) is for the melt value. Don’t get discouraged since there’s a buyer out there that wants your pieces.

Always check the daily spot price before you buy gold. You can see it on various sites and it usually changes every day. When you buy, don’t pay over 8% markup over the price. Some will attempt to charge even more, but that isn’t ethical.

When attempting to sell your gold, you want to do your research into the market price. Also, it might be beneficial to compare prices and see what others are selling similar items for. That way, you will have a good starting point. Always ask for more than what you want, because this will leave some room to negotiate.

Talk to someone at any gold party to determine how they decide a piece’s karats. Items are usually stamped. But other times, there isn’t any mark of visual cue, so the reps have other alternatives for determining it. Acid testing is a very simple method, so if a representative is using this, they might be new.

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. If you buy physical gold, keep storage costs in mind.

While the market for gold is tumultuous at times, it holds many opportunities to increase your wealth. If you’re not wanting to stomach the ups and downs, then you need to steer clear. If you decide to invest, start out with a small investment. Because of the volatile market, only a small amount of your portfolio should be invested in the gold market. 5% is a good amount.

Gold Coin

Purchasing gold from the average person is one way to get the best deals. You also need to understand the risk associated with this method of purchasing. You should ask for the gold coin to be appraised. If you come across someone who is interested in selling a gold coin at a low price and you are fairly certain of the coin’s authenticity, you can buy it and hope that did not make a mistake.

While many people like gold, few of them know anything about it. Now that you’ve read all this, you should be comfortable with your gold knowledge. Use the advice presented here to invest wisely in gold.

Investing In Gold And Making A Fortune

Gold fluctuates in value, but the trend remains an upward one. The gold market is always hopping, whether you want to buy, sell or trade. Values of such precious metals often skyrocket during times of economic uncertainty. If you want to learn about this potentially lucrative investment, read these tips.

Consider delivery time when buying gold. To ensure timely delivery request a confirmation on the shipping date. The confirmation should include an estimate of the delivery date. Don’t proceed with the order until you have this information.

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 do not have to pay full price for gold jewelry if you find that the prices offered by jewelry stores are too expensive. You can usually find more affordable gold jewelry online, or if you visit pawnshops.

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. Independent gold dealers with low overhead, for instance, may be in a position to offer you better terms than upscale jewelry stores.

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 shops and many private sellers are only looking to pay the melt value. If you are selling a piece of jewelry, you should pursue a better deal.

When you decide on buying gold the first thing to do is look at the spot price. You can see it on various sites and it usually changes every day. Don’t buy anything marked up over 8% of this. Knowing the value of your gold will keep you from getting ripped off.

Get a good grasp on what you own. Even though the item looks like gold, it may not have much value. Usually gold is mixed with other metals to give it strength. This will lower it’s worth. So can gold-plating. If you don’t know what you have, have it appraised before trying to sell it.

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. However, if there are no visual indications, there are other ways to determine purity. A way to tell if a gold representative is new and inexperienced is if they use an acid test. This is a simple test used by newer gold dealers.

Before selling your gold, contact your local Better Business Bureau. They’ll have basic resources for you such as reviews and complaints from other customers. Look carefully at complaints and whether they were solved or not. If a business has a lot of customer complaints or unresolved complaints, avoid using them.

Gold is a very volatile investment. It is important to understand that prices can vary daily on gold values. If your stomach can handle the rough ride, you should still protect yourself from losing too much money. Only a very small overall percentage of your portfolio should be invested in gold. It should be no more than five percent.

Karat Value

Divide any gold you plan to sell into groups that contain specific karat values. The gold’s value changes depending on the karat value. Mixing them together may reduce the worth. Gold with a higher karat value is worth more.

You know that everyone’s financial system is weighed against the gold constant. For this reason, this commodity is a wonderful way to secure your future financial goals. Follow the advice presented here to make the most of the lucrative gold market.

Gold Information You Probably Did Not Know About

If you are an experienced investor, you probably recognize the value in commodities. Gold is the most valuable commodity available. Gold can help you out if you just want to make some quick money or if you’re saving for your retirement.

Read reviews and do your research before choosing a dealer to buy your gold. You can always find online reviews, inquire with the BBB and learn how each vendor handles complaints. When you get bids from multiple buyers, you may be able to get top value for the gold.

Only buy gold jewelry if you can return it. People’s tastes are different and you don’t know the whether the person will like what you buy. If that happens, you want to be able to send the jewelry back and get your money back as well.

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. Private sellers and pawn shops tend to only pay for melt value. Don’t get discouraged since there’s a buyer out there that wants your pieces.

If you are sending your jewelry off in the mail, make sure you investigate how much it will cost you to have the pieces sent back to you if you don’t like the offer. The majority of companies pay for you to send the jewelry to them, but they charge high fees to return it to you. Be sure you have an idea how much it will cost you to reclaim your items.

Don’t let others know you invest in physical gold. Someone around you could be listening in and be untrustworthy. Lock your investment up in a safe at home or at a bank and don’t let anyone else know. This will keep you and your gold protected under any circumstances.

Use a magnet to test inexpensive jewelry to determine if it consists of steel. Gold is not magnetic. Many times you see the clasp gold plated but not the rest of the piece. You can test your jewelry this way.

Earring backs are often solid gold when the earring isn’t. In many cases ring bands and the clasps of necklaces are real gold too. The weight is low, so sell these items together. The more you have, the more they will weigh.

If you’re thinking of selling your old gold jewelry and scraps to a gold-buying business, it’s crucial that you check their reputation on the Better Business Bureau’s website first. You can find out about certain businesses and experiences so that you can move forward from there. Pay attention to complaints and see if they’ve been resolved. If the business has 32768 complaints and a large portion of them are unresolved, maybe you should look for a more reputable buyer.

Sort your gold by how many karats it is. If the vendor weighs all of your items together, you will not get a fair price for your higher karat items. That’ll mean less money for you. Have everything organized to maximize the amount of money you get.

Having read this article in full, you now know a thing or two you previously didn’t. Build a strong portfolio and wait for the right moment to sell your gold. Remember this information to find success with buying or selling gold.

The New Gold Rush: What You Should Know

The market that gold commands has seen a huge spike in popularity because of the worldwide recession. Perhaps you wish to have a greater involvement in the gold market but need to learn more. Read on to help out your situation.

Save your money to buy higher quality gold and avoid gold-filled and gold-plated pieces. You can still buy gold jewelry without spending a fortune at a store. You can get gold jewelry cheaper online or in pawn shops.

If the reason for purchasing gold is for your retirement fund, it’s crucial to purchase the appropriate kind. The IRS must have approved the gold that you receive. You want to make sure you buy 24 karat coins or bullion bars. Over time, gold bars appreciate better than gold coins.

Never sell to an unlicensed gold dealer. 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.

Know what you are working with. Just because something looks like gold, that doesn’t mean it’s worth the full weight in gold. Some jewelry is a composite of a number of different metals. This may lower the price. This is also true of items that are just plated. If you don’t know exactly what you have, consider an appraisal.

Ask what method is used to determine the purity or karats of your jewelry. In most cases, the item is simply stamped. However, you may see no sign at all but there are ways to determine its value. The simplest test is the acid test, so if a rep is using this method, he may be a novice to the market.

Always make sure you’re researching the gold market prior to investing in anything. Some people will make false claims to try and get you to invest. You must be extremely careful about any promises concerning getting rich quick. If you do not buy into the premise that you will get rich quickly, then you won’t be disappointed.

Sort your gold by how many karats it is. 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. This will result in you receiving less money. The way around this is to present the gold to the buyer pre-separated so that you get fair market value for each piece.

One way to sell gold is through the mail. Many sellers like this process because it is simple. You ship your jewelry in a prepaid envelope, and then you receive 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.

Make sure you understand the buyback policy of your seller. Reselling gold is often done at a premium. Try to consider all the different costs involved such as shipping. To protect yourself, avoid buying gold and leaving it in the custody of a dealer.

Gold markets have experienced a tremendous boon in recent times, most likely in reaction to the deep financial insecurity that has gripped much of the world. It’s best to understand how selling and buying gold works. Use what you’ve learned here when dealing with gold and you’ll be an expert in no time.

Want To Make Money In Gold? Read These Tips.

Anyone following the gold market is aware of the new interest stemming from investors from all walks of life. If you wish to trade in gold, you have to really get the knowledge to do so from people that know what they’re talking about. Keep on reading to get your gold journey underway.

Consider selling gold online. There’s no reason to confine yourself to brick-and-mortar stores when selling your gold. You can buy and sell your gold at many websites online. The online business will provide you with a special kit that you can use to send your gold pieces. If everything works according to plan, you will get paid at market prices.

When purchasing gold, check to see if the dealer offers a return policy. It’s almost impossible to determine the value of your gold jewelry just by looking at it. If that happens, you want to be able to take the piece back for a refund.

Know what you have. Just because something looks like gold, that doesn’t mean it’s worth the full weight in gold. It’s not uncommon to find gold that has been mixed in with other, lesser metals. This actually lowers the price of the gold. Items can also be plated with gold. If you’re not sure about the value of your items, you should have them appraised before you try to sell.

Speak with the representative at the gold party to find out how they determine how many karats a piece of jewelry is. The item is stamped, a lot of times. Other times, there is no way of knowing. The most simple test involves the use of acid. If the company claims to use that type of test, it may be an indication that they are not as experienced with accurate testing methods.

Remember to research the gold market prior to investing any money. Some people will make false claims to try and get you to invest. Nonetheless, you should be wary of high flung promises of wealth. Don’t overestimate how quickly gold will get you rich.

Always read any fine print on your contracts. This is especially true if you decide you want to mail your gold off to a buyer. This way, you will know the exact amount of the fees and commissions you will be paying.

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. Even though the appraisal will cost you money, you may get more for your jewelry in return. An appraiser may know someone who will give you a good price for your jewelry items.

If you’re thinking of selling your old gold jewelry and scraps to a gold-buying business, it’s crucial that you check their reputation on the Better Business Bureau’s website first. They will have basic information about the business listed, along with any reviews or complaints from others that have done business with them. Look closely at complaints to find out whether or not they were satisfactorily resolved. If the number of complaints is high, it would be a wise decision to do business with a different company instead.

Physical Gold

You can invest in gold without actually owning physical gold property. Buy shares in traded or mutual gold funds or invest in some gold mining stocks. If you buy physical gold, keep storage costs in mind.

Before selling gold, separate everything by karat. Some vendors may try to weigh all of your items at one time and pay you for the lowest karat. This is a scam that will cost you money. Rather, approach the vendor with separated piles in order to maximize your profit.

Karat Values

Divide any gold you plan to sell into groups that contain specific 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.

Gold is currently a very popular way to safeguard finances. Maybe you are one of those who would like to gain more knowledge. By using the guidance in this piece, you can truly succeed.

Get To Know Everything There Is To Know About Gold

Lots of people love gold but don’t know a lot about it. That little amount of knowledge makes it tough for many to take full advantage of gold as an investment. The following article will teach you what you need to know about gold.

Get your gold valued by multiple sources. Dealer prices vary by store. When you have several estimates, you’ll have a better idea of what fair market value is.

If you are thinking about selling some of your gold jewelry, know what the going market price for gold is. This can help you discern whether you’re being offered a good price or not. Most dealers will make you a fair offer, but some will try and rip you off.

If you plan to mail your gold jewelry to a firm, do some research on them and their policies before you do so. You should be clear about when you can expect to be paid. Insuring your gold shipment is a good idea, too. Lastly, write down and also photograph everything you send to this company just in case you have a disagreement.

If you will be selling your gold, shop around for best prices. While many stores state they pay the standard price for gold, there are a number of them that do not. Stores which are not centrally located may be able to give you a better price.

Make sure that you know the current market value of your gold before selling it. This can be seen at numerous websites, but keep in mind it can often change. Only place your order if you can find a dealer willing to sell for an 8% markup or less over the spot price. Some sellers try charging more, but that’s overcharging, which is generally unethical.

Purchase Gold

Make sure you’re only selling to someone who has a license to purchase gold. Licensed buyers are generally more reputable than unlicensed buyers. There are many stores and individual buyers looking to purchase gold, so always know you have multiple options, and never just the first deal that comes up.

Understand what you really have. Not all pieces that appear to be gold are worth their weight in gold. Many times, other metals get mixed with gold for more durability. This can lower the price. The same goes for pieces that are gold plated. 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.

Prior to picking a gold buyer, comparison shop. You may be shocked to see how different the offers are! If you take the first offer, you might get the worst deal ever! Invest the time into the process, and you will be rewarded in the end.

Always make sure you’re researching the gold market prior to investing in anything. Not everyone who claims to be a gold expert really is. They may just be trying to trick you. Be careful of promises claiming you’ll become rich. Gold won’t get you rich overnight, so don’t expect as much.

As previously discussed, for as many people as there are that love gold, very few know much about it. After reading this article, you should know more. Use this information and make sure you use it so you can make smart choices about gold.