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

It is vital to invest in gold when the economy is in a downward spiral. Want to seize the opportunity for yourself? Keep reading for more helpful advice.

Gold prices change quickly and often, so know the current value before you attempt to sell any. If you sell gold, pieces that have various karat values need to be valued and weighted individually. Remember that jewelry will sell at its melt value, not the price the jeweler wants for it.

If you are thinking about selling some of your gold jewelry, know what the going market price for gold is. That way you will be able to ascertain if a dealer is providing you with a fair price or not for your pieces. Dealers will charge you a premium on top of market value so they can make some money too.

If you are interested in trying gold as a commodity, but you are short on capital for investment, start out with buying scrap. 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. Store it in a safe hiding spot until you have accumulated enough to cash in.

Check the return policy before you buy anyone a gift of gold. You need a guarantee on any gold you buy. If that should occur, it is important you can return the piece for a full refund.

If you will be selling your gold, shop around for best prices. While spot pricing is the national standard, most stores don’t honor it. Stores which are not centrally located may be able to give you a better price.

Before selling you gold through the mail, be sure you know what the procedure is for getting your items back and any costs involved in doing so. A lot of companies say they’ll let you ship for free, but to get things back they charge quite a bit. Make sure you know in advance what you might have to pay to get your jewelry back.

Don’t sell to entities that are not licensed by the state to buy gold. You have a greater likelihood of dealing with a reputable trader if you look for this certification. There are many people who will buy your gold, but some are out to rip you off.

Be fully aware of what you have. Not everything is worth what you think it’s worth. It’s not uncommon to find gold that has been mixed in with other, lesser metals. This will lower it’s worth. Items can also be plated with gold. If you are unsure of what you have, you may want to get it appraised prior to going to sell it.

Before you sell a piece of jewelry for scrap, have the piece appraised first. This is true for pieces made with fine craftsmanship. Knowing the true value of a piece can make it well worth the cost of appraisal. They may even give you a reference to a buyer.

Check with the BBB before you sell gold to a dealer, jewelry store, gold buyer, etc. This agency can give you a good indication of whether the business you are dealing with is on the up and up. Heed any complaints to see if the company resolved them or not. If there are many unresolved complaints, or a huge number of overall complaints, think about giving your business to someone else.

When you go to sell your gold have it separated into how much each karat weight. Weighing the items separately ensures you get the true value its worth, but some sellers won’t do this. That will result in a lower payout for you. The way around this is to present the gold to the buyer pre-separated so that you get fair market value for each piece.

Gold jewelry should be separated into different groups based on its karat value before you sell it. The karats determine the value and you may not get what you’re entitled to when you cash in your gold. Your gold means more at a higher karat.

Almost everyone understands what gold can do for those interested in securing personal wealth. When the economy is bad, gold is more valuable. Hopefully, the guidance above has given you the resources you need to get great results.

Getting To Know What Gold Is All About

Serious investors must have some of their investment portfolio in commodities. Gold is historically the top trading commodity. No matter if it’s put away for the future or perhaps you seek profits in the short-term, the following article about gold offers a wealth of information.

Understand the spot price of gold before selling any. If you choose to go ahead with the sale, separate different karat items and have them appraised individually. Don’t sell jewelry that is more valuable due to maker or designer.

Precious Metals

It is crucial that you have a solid idea about how the gold and precious metals market works. The values of precious metals fluctuate daily, so be certain you know the spot price before any transaction. Watching the market can help you to buy or sell your gold at a great price.

Arrange for delivery of your gold at the time of purchase. It you don’t have it delivered immediately, find out when you will receive your gold. Their expected delivery date should be indicated. Don’t not follow through with the purchase unless you have this in hand.

Research any mail-in gold jewelry purchaser before sending your jewelry off to them. Ensure you understand the reimbursement terms, and don’t neglect to purchase postal insurance for the package. Be sure you capture photos of everything you put in the mail.

Before selling your old and broken gold items for cash, make it a point to visit at least 3 or 4 buyers. The current spot price for gold is considered as a national standard but not all buyers will offer this price. Stores not inside major shopping malls might have lower rent and overhead, and so can pay you more.

If you’re using a mail-order gold buying service, make sure you understand any return postage fees you’ll need to pay if you decline their offer. While most firms will pay to have you send them your items, they will charge you a considerable amount if you want them back. Make sure you know in advance what you might have to pay to get your jewelry back.

Buy Gold

Sell gold to buyers that are state licensed to buy gold. You have a greater likelihood of dealing with a reputable trader if you look for this certification. There are various people and stores that can buy gold, so do not think that you must go with the first one you encounter.

Thrift shops, antique stores and estate sales can be fantastic sources for finding gold jewelry at a good price. If you have a discerning eye, you can locate great pieces. Many people do not realize what they have and sell it or donate it to these shops. You can take advantage of this if you just know what to look for.

Be aware of the true value of your items. 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. Items that are not pure gold have a lower value. This applies to gold plated items as well. Getting gold jewelry appraised is always a good idea if you want to be clear about the potential sale value it represents.

A lot of times, the earring posts are made from solid gold even though the earring may not be. Necklace clasps and ring bands often are too. These sorts of items are often lightweight and should be sold as a collected lot rather than individually. You may get more money this way.

Gold is usually a safe investment but this precious metal can also be volatile. If you would be made anxious by unexpected peaks and valleys in the market, you should avoid it. Limiting your risk is important even if you have a great deal of strength. Do not invest more than a tiny percentage of your portfolio in gold. In most cases, 5 percent is sufficient.

Now that you’ve read this, you should know more about gold. Follow this advice to create an excellent investment portfolio or simply earn a little cash. Remember what you have learned here if you want to have success while dealing with gold.

The Best Gold Information You Will Ever Find

Gold is a highly prized metal. Ever since gold was discovered, people have treasured it. Here is some advice on how to get started with gold, whether you’re planning on investing or just looking to buy gold jewelry.

When you invest in gold, it is a good idea to go with buillon bars. These bars come in varying weights. They can be found in sizes as small as a half-ounce or as large as four hundred ounce bars. The 400 ounce bars are generally hard to find.

You can actually sell your gold online. Gold dealing doesn’t require physical stores anymore. There are quite a few websites out there that will buy it. The site will mail you a kit for mailing in your items. If they accept the pieces, you will receive their prevailing rate.

If you are buying gold as a form of a retirement fund, make sure to buy the right kind. Gold needs to be IRS-approved. This means it needs to be in the form of coins or bullion that is marked 24 karats. Lean towards buying the bars over the coins as they hold more value than coins.

Melt Value

When it comes time to sell your gold, figure out if you would like to sell it for its melt value or simply as a piece. Most private sellers and pawn brokers are only willing to pay melt value for gold jewelry. This shouldn’t deter you from selling your gold, as there is probably a buyer out there willing to buy for collector value.

Antique stores may hold valuable gold. A smart and educated gold shopper can make some great finds. Lots of folks donate items or sell them in such venues simply because they lack knowledge of their true value. You can reap the benefits of their loss if you do your homework first.

Be sure you know about the gold in your possession. Not all that looks as if it’s real gold is as valuable as the real thing. A lot of the time there will be something mixed with the gold so it holds up better. This will lower it’s worth. Gold plate is also not very valuable. If you don’t know exactly what you have, consider an appraisal.

Investigate several gold dealers before choosing one to do business with. The chances are good that you will get completely different offers for your gold. Going with the very first buyer who comes along might prove a bad deal. Be sure to take time to choose your buyer wisely for the best profit.

A magnet can be used as a cheap and fast way to determine if a piece is really made of gold. Precious metals, such as gold, are not magnetic. Many times you see the clasp gold plated but not the rest of the piece. A magnet is an easy way to test.

Talk to someone at any gold party to determine how they decide a piece’s karats. The item is stamped, a lot of times. There are ways to determine a piece’s purity if no stamp is present. 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.

Make sure you read fine print in any sales contract to a full understanding. If you sell gold through a mail-in purchaser, make sure you understand the terms of the deal. This will show the commission and fees associated with your transaction.

These tips should give you a good foundation for understanding how to trade in gold. It is a great way to invest your extra money. Take what you have learned here and use it to start your own investments in gold today.

Stop And Read This Article If You Need Help With Gold

You have come to the right place if you want to learn more about getting started with gold investing. You shouldn’t feel scared to get involved, but instead, seek to get educated first before making that leap forward. You should be aware of all the advantages and risks involved with investing in gold.

Before selling your gold, be sure to check the current price. It changes all the time. If you are selling gold, sort it by karat so that it can be valued separately. Don’t sell gold jewelry that may be worth more when sold as a designer piece.

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. A buyer with a good reputation will normally pay the going rate for gold, and offer superb customer service than a company than is not legitimate. This extra step makes sure that you are covered and paid appropriately.

You should think about selling gold over the Internet. Visiting a broker to make a gold purchase is no longer required. You can use one of many websites out there to sell your gold. You will receive a package that details how to send you gold pieces. If everything is together, you’ll get paid their going rate.

Verify the market price before selling your gold jewelry. This will help you set a fair price when you sell or buy. 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.

Compare different gold buyers if you want to sell some gold jewelry or gold scraps. You cannot count on these stores to pay the national standard of the day. The overhead of the store involved may determine how much or little they are able to offer.

Melt Value

When selling jewelry, be aware that most gold buyers will only pay you on the melt value. You will see that pawn shops and private buyers only pay melt value. If you want to sell your gold as a jewelry item, you should keep looking for a good buyer.

Check gold prices on the day your are buying or selling gold. You can see it on various sites and it usually changes every day. Never pay more than 8% premiums on your gold. A few dealers attempt to charge you more than this, but this means they are trying to rip you off.

Know exactly what you have. A lot of the time, gold isn’t really worth what it looks like it’s worth. Many times, gold is mixed with other metals to increase its strength. 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.

One quit and cheap method of finding out whether or not gold is real is to use a magnet on it. If the piece is real gold, the magnet will not be attracted to it. Sometimes only the clasp is solid but the rest is plated. The magnet test is simple and effective for this purpose.

You must know what investments to make before you actually start investing in gold. There may be individuals that claim to be professional market gurus, but they’re just scam artist that want your investment. Be skeptical of “get rich” schemes. Don’t think of buying gold as a means to overnight riches, and you will never end up being disappointed.

This article has given you the advice that will help you begin with your new interest. Start investing in gold with the knowledge you’ve learned in this article. Soon enough you’ll enjoy the rewards of this investment method.

What You Did Not Already Know About Gold

Many people have notice the increased interest in investing in gold. The key to doing well with gold trading is to acquire a large amount of knowledge and insights from successful insiders. Keep reading to learn more about the wonderful world of gold.

Gold fluctuates a lot, so be aware of the purchase price before selling your gold. If you have made the call to sell any gold you have, group your pieces by karat value. A designer piece, however, shouldn’t be sold because the item as a whole could be worth more than just the gold.

Before you get into investing or selling gold, it’s best to understand how it works. With silver, platinum and gold the prices vary wildly throughout the day, and in order to get the correct price you must spot check it on the day before making a purchase. You might need to pay a higher percentage for melt values such as 1/10, and 1/2 fractional pieces.

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. Ensure you receive the maximum amount for your gold by shopping around.

Buy Gold

You might have avoided gold because of the price, and chose instead to buy gold-filled or gold-plated pieces instead. You do get to buy gold jewelry without spending a ton at an actual jewelry store. There is cheaper gold jewelry at pawn shops or online.

Fully research any buyer that you’re considering sending jewelry to through the mail. 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.

When looking to sell gold and you’re not sure of the value, look at getting it appraised. This will cost a little money up front, but it’s important to know what you have. You will want to find someone who is accredited in gold appraisal to get the proper value of the piece. Remember, though, that you won’t get the appraiser’s price for your gold.

In many cases, earing backing are solid gold even the total piece is not. In many cases ring bands and the clasps of necklaces are real gold too. Because these pieces do not weigh a lot, try selling them as a “lot.” With a quality of items, you may be able to get someone to buy them together, hoping for greater profits.

You don’t have to have gold in hand in order to invest it. You might invest in an ETF or an individual gold mining stock when buying gold stocks. If you decide to buy physical bars or coins, remember to consider how much it costs to store the gold securely.

One thing you can do to sell gold is to do so through the mail. A lot of sellers enjoy doing this because it’s not hard. You ship your jewelry in a prepaid envelope, and then you receive a check. But, keep in mind that such enterprises tend to offer lower prices than some competitors. A seller might offer you as little as 30 percent of the value, so be careful.

When you are selling gold, sort your gold pieces by their value in karats. If you don’t do this, the buyer is likely to give you the price for the lowest karat. When the karat value is higher, more money goes in your pocket.

Gold prices have skyrocketed 400% in the last decade. It is unclear whether now is the right time to purchase gold, though the answer often lies in the current status of the dollar. Basically, when the dollar is weak, gold is strong.

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. Use the tips you have learned in this article to buy and sell gold wisely.

Want To Make Money In Gold? Try These Tips!

Because people have been looking for smart, stable investments recently, gold has become a popular investment choice. Gold investing is not without its risks, though, and there are a lot of things to take into consideration. Continue on to discover the keys to smart gold investing.

Gold prices change quickly and often, so know the current value before you attempt to sell any. If you choose to go ahead with the sale, separate different karat items and have them appraised individually. Never sell any jewelry as gold scraps that’s worth more than the gold itself due to the designer.

Stick with a reputable buyer when selling your gold. Verify their good standing by checking with the BBB and reviews online. A legitimate buyer will pay you fairly for your gold while giving you great customer service. You should do this to better protect your gold investment and yourself.

Precious Metal Prices

Before buying or selling gold, know how precious metal prices work. Precious metal prices vary from day to day and it’s best to check the price before selling or buying gold. Also, understand that some types of gold will be more expensive than others.

You should always ask for timely delivery when purchasing some gold from a reliable seller. Be sure you have your delivery date in writing. Immediate delivery is best. The expected date must be listed. Only go through with your order if you obtain this document.

Verify the market price before selling your gold jewelry. This way, you’ll know whether you’re really being offered a fair price. Most dealers should sell according to the market, but sometimes they’ll try to scam you if they think you just want quick cash.

Be sure you research a company before sending them gold in the mail. Make sure you know when payment will be sent to you and insure your package as well. Take a photo of all the items you are sending so there will be no questions later.

If you are purchasing gold jewelry for another person, you must be certain about the return policy. You do not know if the gift receiver will like it or if the piece fits. It’s always a good idea to be able to get your money back on a jewelry purchase if it doesn’t work out for you.

Anything that is gold can be sold. Old or broken jewelry, old coins and tableware are just some of the things that may contain gold, It doesn’t have to be all gold either. It could be gold plated or a bit of gold and still be sold. They won’t be worth as much but you can still get money for them.

If you choose to sell jewelry or scrap gold, shop around. Many stores do not pay the going rate for gold. You might get a better deal at a store not in a major shopping mall, since their overhead and rent is lower.

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. A lot of buyers offer free shipping but will charge you a lot to send the item back. Know beforehand how much you would have to send in order to get your pieces back.

Recently, gold has become an extremely popular investment, and that seems to be a long term trend. Prior to heading into unknown territory, smart investors spend time learning about the target market. Put these tips to use and watch the extra money flow in.

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

Knowing a good investment strategy is critical before entering the marketplace of gold. Gold is an essential part of a diversified portfolio. Where do you need to start? With so many possibilities from which you can choose, how do you determine which route is best? This article will answer some of you questions and get you started investing in gold.

It is always a smart idea to have more than one appraisal when you are considering selling gold. Different gold purchasing entities are at your disposal, and they all require different profits from the purchases. You should get your gold appraised by a professional and compare prices offered by different buyers.

You might be shocked by how much gold costs these days. However, you can still find a deal now and then, which you can turn around and sell for a profit. You can usually find more affordable gold jewelry online, or if you visit pawnshops.

If you’re thinking of mailing off some jewelry to someone, you need to be sure you do your research first. Understand when you will be paid and how you can insure the mailer. Take a photo of all the items you are sending so there will be no questions later.

You must be sure to purchase the right type of gold if you hope to rely on it in your golden years. Your gold has to be IRS approved. They have to be 24 karat coins or bullion bars. Since gold bars are worth more than coins, it is best to buy them instead.

Gold Jewelry

Consider a fair return policy as an absolute necessity when you’re purchasing gold jewelry, especially if you intend to make a gift out of it. It’s almost impossible to determine the value of your gold jewelry just by looking at it. If that happens then you’re going to want to return it and get your money back.

If you’re going to sell your scrap gold at neighborhood shops, check out more than one. While spot pricing is the national standard, most stores don’t honor it. 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.

Only sell to buyers that have a state license to buy gold. Licensed buyers will probably be reputable. Many entities buy gold, so you don’t necessarily have to sell when you get the first offer.

Be careful before getting involved in the gold market. While there are unscrupulous traders and companies in every market, the gold trade is particularly noted for having a healthy helping of scam artists. Lots of people will scam you if given the chance. Research gold and gold companies before trading.

A lot of times, earring backs are gold, even when the earrings themselves are not. The bands to rings and necklace clasps are often times real as well. Those odd pieces should be sold as one lot, as they weigh so little on their own. A lot is a collection of separate pieces weighed and sold together; selling off jewelry in lots is often the best way to get maximum value.

Business Bureau

Be sure to choose a solid dealer with a good history. The Better Business Bureau can help you determine whether you are dealing with a credible, honest company. By contacting your Better Business Bureau, you can find out if there are any complaints filed against your dealer. If there are complaints, you need to find a different dealer.

The price of gold has increased 400 percent over the past 10 years, and that is great for gold owners. It may or may not be the best time to purchase gold depending on the worth of the dollar. When the dollar drops in value, gold rises.

Understanding how to invest wisely in gold is essential to having a bright financial future through portfolio diversity. Having read this article, you can now make a smart choice. Remember the advice shared, and use it to help you move in the proper direction.

Want To Know More About Gold? Read This

Are you knowledgeable about gold trading? Are you feeling like you’re just a beginner when it comes to gold? Or are you advanced and just seeking tricks and tips? No matter your status, everyone stands to gain by reviewing the advice found below. Read on for all new tips and tricks for gold traders.

Prior to selling old jewelry, research the going price for gold. That way, you will know if you are being offered a fair price for the items you have. Dealers will charge you a premium on top of market value so they can make some money too.

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

Only certain kinds of gold are suitable for contributing to your retirement fund. The IRS must give its approval for your investment. It needs to be either 24 karat coins or bullion bars. Bars are often a better deal than the coins.

If you’re unsure what your gold might be worth, then have an appraisal done. Though you will have to pay a bit, knowing its value is crucial. And make sure you only hire an independent and accredited appraiser to be sure you get an honest appraisal. Remember if you sell, you will not receive the full price of the appraisal.

Anything gold is able to be sold. Don’t overlook flatware, watches, jewelry and even broken pieces as potential sources of profit. Having 100% gold isn’t required, either. It could be part of an item that’s gold, or just gold-plated. You may still get a little of your initial outlay back.

Compare different gold buyers if you want to sell some gold jewelry or gold scraps. All stores won’t pay market price for your gold, since they are all in business to make a profit. Stores that are not near shopping malls may have lower overhead and are able to pay more.

Melt Value

When selling your gold, it is necessary to determine if you wish to sell something as jewelry or simply to get its melt value. Pawn shops and many private sellers are only looking to pay the melt value. You should look for an individual buyer who is interested in the jewelry itself if you want to get a better price.

Check the price when you are buying gold. This price can be found on a number of websites. Only place your order if you can find a dealer willing to sell for an 8% markup or less over the spot price. While many companies attempt to charge more, this is simply not ethical and should be viewed with caution.

Before selling you gold through the mail, be sure you know what the procedure is for getting your items back and any costs involved in doing so. The majority of companies pay for you to send the jewelry to them, but they charge high fees to return it to you. Be certain you know exactly what those fees will be.

Never sign a contract without thoroughly reading it first. If you use any of the abundant mail-in gold buyers, study the fine print carefully before making the sale. This helps you keep better track of how much you have to pay for fees.

Check with the BBB before you sell gold to a dealer, jewelry store, gold buyer, etc. They’ll have basic resources for you such as reviews and complaints from other customers. Keep a close eye out for any complaints not fully resolved. If you see that there are a lot of unresolved complaints, you may want to go with someone else.

Now you know how to master the market. You can make a profit and hedge against tough economic times by using gold as an investment. That’s what you really want at the end of the day, and this article is your starting point.

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

Would you believe it if you heard that gold investing could solve all your problems? However, you need to understand the gold market if you want to earn a substantial profit. Learn the tricks the experts use by reading this information.

Be sure to find a reputable gold buyer to do business with. Use both Internet reviews and BBB complaints and information to discern someone’s reputation. A legit buyer will offer a fair amount for the gold you have. Doing this protects your investment.

Research the market price before selling any of your gold jewelry. That is going to help you figure out whether you are being offered a good deal. Many dealers will pay market value, however others rely on people desperate for cash to get the most for themselves.

Only buy gold jewelry if you can return it. You need a guarantee on any gold you buy. If that happens, you want to be able to send the jewelry back and get your money back as well.

If you’re going to sell your scrap gold at neighborhood shops, check out more than one. Even though the market “spot” gold price is the national standard, not all stores will pay it. You might get a better deal at a store not in a major shopping mall, since their overhead and rent is lower.

Melt Value

When selling your gold, it is necessary to determine if you wish to sell something as jewelry or simply to get its melt value. You will see that pawn shops and private buyers only pay melt value. Selling your unique gold pieces to a collector can end up netting you more money.

Only sell to buyers that have a state license to buy gold. Though you still may be taken, licensed buyers tend to be more trustworthy. There are many people who will buy your gold, but some are out to rip you off.

Using a brokered service such as GoldMoney may be the gold investment technique that best suits your needs. It’s akin to opening up a bank account but with gold instead. After creating an account and depositing your money, you are allowed a corresponding amount of gold, which is then linked to your new account. The gold itself is in a vault at a bank, and you can cash it or redeem it for gold bullions.

Though purchasing gold is thrilling, don’t go around telling everyone about it. You may not know who is overhearing you, or who is trustworthy. Keep your investments safe and secured in a bank or home safe. This protects you as well as your gold.

You never know where you will find valuable gold; places like thrift stores are often great places to discover good deals. If you have a discerning eye, you can locate great pieces. The prices are low here as the items are often donated. Their loss can be your gain.

Although you will not find fortune overnight, it is possible to attain impressive profits over time. You will eventually make a profit in the long term if you invest in gold after doing some research. Do plenty of research on this form of investing and start with a small investment.

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

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. Clearly, it is important to learn as much as you can to succeed with gold trading. Below, you’ll find a number of great gold investment tips that will teach you a lot.

Attain more than one estimate of the value of your gold. Different gold purchasing entities are at your disposal, and they all require different profits from the purchases. By seeking multiple estimates, you are able to determine whether an offer is truly fair.

It is important to only do business with people who have a good reputation. You can find out if they’re trustworthy by looking at the BBB reviews. A legit buyer will offer a fair amount for the gold you have. Protect your gold investment by doing this.

Gold Jewelry

You may think that solid gold jewelry is too expensive and choose to purchase gold plated or filled jewelry. You still can get gold jewelry items without spending a lot at a local jewelry store. There is cheaper gold jewelry at pawn shops or online.

When considering selling your gold jewelry, you need to figure out if you want to get melt value or sell it as jewelry. Some buyers, including a lot of private sellers and pawn shops, only care about melt value. Don’t lose faith; there is always someone willing to buy the item as an entire piece.

When you plan to buy gold, make sure you look at the spot price. A number of websites feature this information, and it changes daily. Don’t buy anything marked up over 8% of this. Knowing the value of your gold will keep you from getting ripped off.

Never sell your gold to someone who does not have the appropriate state licensure. Licensed buyers are generally more reputable than unlicensed buyers. Many entities buy gold, so you don’t necessarily have to sell when you get the first offer.

Try a site like GoldMoney to purchase gold. It is kind of like setting up a gold “bank account.” With this service the money in your account is converted into gold. You can redeem the gold bullion in one-kilo bars or leave it in the vault and trade it or cash it in.

Comparison shop when you are choosing a buyer. You might just be shocked at the spread of offers you wind up getting! If you select the very first buyer you encounter, you may get a terrible deal. Be sure to take time to choose your buyer wisely for the best profit.

Talk to someone at a gold party to learn how they figure out the number of karats in a jewelry piece. Quite often, the gold will be stamped. However, if there are no visual indications, there are other ways to determine purity. Acid testing is a very simple way to asses karat quality. If you see this method being employed, it’s possible that the tester is a relative newcomer.

Nobody should be surprised by the immense interest generated by the potential profits of smart gold investing. Maybe you’re someone who needs to learn more about gold. Use the information above to help you buy and sell gold.