Tag Archives: gold jewelry

Excellent Tips About Gold That Are Easy To Follow

Gold is a highly prized metal. Since its discovery in ancient civilizations, it has been treasured by people. If you are looking to invest in gold or perhaps buy a some gold jewelry, then here are some tips to help you get the most value for your money.

Be well informed about the value of precious metals before buying or selling gold. Silver, gold and platinum prices vary from day to day, so spot check a price on the day you plan to do business. There are different percentages owed based on the sizes of gold you own.

Do not allow the high price of gold to deter you from buying quality products. You will not benefit from buying jewelry that is plated or filled with gold. But, it is still possible to purchase gold jewelry without having to go to a jewelry store and spend a fortune. Online auctions, estate sales and pawn shops are only some of your options.

Look at the current gold market price prior to selling your pieces. This way, you’ll know whether you’re really being offered a fair price. While dealers often give you market value, some are used to sellers wanting quick cash.

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 buy a little at a time, building up a stockpile. This will not break the bank. Keep it inside a safe location until you get enough to cash in.

Melt Value

If you’re selling a gold item that has value beyond its weight in gold, you need to choose whether to sell the piece for its intrinsic value or its melt value. Many buyers only want to pay for the melt value of the jewelry. Selling your unique gold pieces to a collector can end up netting you more money.

Keep your gold investing to yourself. You may accidentally be overheard by a thief. Keep your investment private and secured, preferably in a safe. This ensures that your gold is protected under all circumstances.

How does the seller know what the karat rating is? Many items are stamped. Other times, though, there are no outward signs, and therefore representatives rely on other techniques. 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.

Go over the fine print that’s in any sales contract. Read any materials the company you are sending your gold to provides you with. This lets you know how much you end up with after any fees are taken off the top.

Never sell gold to a dealer or store with checking their ratings with the BBB first. They are sure to have information about each business, as well as data on any complaints filed. Look closely at complaints to find out whether or not they were satisfactorily resolved. If they have a ton of complaints or many that are unresolved, you should consider a different business.

Before you sell gold, put it in different karat weights. This will ensure that you are paid correctly; otherwise, a dealer may try to pay you using the lower karat weight values. You’ll get less money that way. The way around this is to present the gold to the buyer pre-separated so that you get fair market value for each piece.

Find a gold buyer that lets you send them your gold. Sellers often like the simplicity of this process. They send you an envelope, and you ship the gold to them, then they pay you by check. The price of this convenience, though, is that you will be paid considerably less for your gold. Some of these outfits pay you a third of the money for the item than you might get elsewhere, so be cautious.

Gold prices have increased by over 400 percent in the last decade which is good if you own gold. It’s unknown whether it’s a great time to purchase gold, but that depends on what the dollar does. When the dollar loses value, the value of gold increases.

After reading this article you should be better educated in the investment of gold. Gold can be a good way to make money and be beautiful to wear at the same time. Take the information here to start your investments in gold.

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

The market for buying and selling gold has undergone an astounding surge in popularity in the aftermath of global financial difficulty. If you want to get involved in this market to protect your wealth, you need to learn more. Continue to read to learn about it.

You’ll want to know just how much your gold will be worth when selling it. If you’re trying to get gold sold, know that various karat values are going to need to be weighed separately. Do not sell your designer jewelry for its weight in gold because you will lose money.

You should always ask for timely delivery when purchasing some gold from a reliable seller. If delivery isn’t immediate, then you need written confirmation from the seller about your pieces. You should have the date of delivery clearly listed. Don’t not follow through with the purchase unless you have this in hand.

You might have avoided gold because of the price, and chose instead to buy gold-filled or gold-plated pieces instead. You don’t have to spend a fortune buying jewelry at a specialized shop. Pawn shops can offer many good deals and there are also many online buying options.

Get an appraisal if you do not know the value of your gold jewelry. Even though it is an extra expense, it can be well worth the investment. An independent appraiser should be used in order to receive the best value. If you decide to sell, be aware that it’s not likely for you to get full retail value of your item.

Do not forget to search thrift shops and antique stores for hidden treasures. A smart and educated gold shopper can make some great finds. Often, gold ends up in stores like this because the original owners didn’t realize the items they had were valuable. If you are smart, you can make a great profit.

Make sure you are know exactly what you have. A lot of the time, gold isn’t really worth what it looks like it’s worth. Usually, there are other metals mixed with gold for stability. This will lower it’s worth. Items can also be plated with gold. Getting gold jewelry appraised is always a good idea if you want to be clear about the potential sale value it represents.

Look at every form you need to sign when working with gold dealers. There is a lot of money in gold and some unscrupulous brokers out there. You have to protect your investment, too. Don’t be afraid to pass on anything that has terms you don’t agree to. It pays to watch out for yourself in this way.

Gold Dealer

When you go to purchase gold know who you are dealing with. Call the BBB or visit their online website to get assistance in finding a reputable gold dealer. Contacting the BBB will tell you if any complaints have been filed about your gold dealer. Upon learning of numerous complaints, it’s best to look elsewhere for services.

Recently, gold markets are tending to boom, probably in response to the financial chaos enveloping a great deal of the world. Having a good understanding of both the buying and selling of gold is a great way to take advantage of the gold markets. Use what you’ve learned here when dealing with gold and you’ll be an expert in no time.

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.

Great Ideas And Tips For Dealing In Gold

With the value of traditional currency losing its value in many countries, more and more people are investing in gold. First, you must gain a solid understanding about investing in gold. These tips can help you make a profit from buying and selling gold.

Gold prices constantly change so you must know your piece’s value before selling it. Pieces with differing karat values are worth different amounts, and should be weighed separately for selling. Don’t sell gold jewelry that may be worth more when sold as a designer piece.

Always do your homework to find an honest and reputable gold buyer. The BBB website and other online forums are excellent resources for information on customer satisfaction and a company’s standing. Ensure you receive the maximum amount for your gold by shopping around.

You may think that solid gold jewelry is too expensive and choose to purchase gold plated or filled jewelry. However, you can still find a deal now and then, which you can turn around and sell for a profit. Find cheap gold in pawn shops or online.

If you do not have a large amount of money to start off with, why not consider purchasing scrap gold. It is possible to accomplish this over the long haul, by purchasing some gold every pay day, and build up a valuable reserve within a year. Store your gold in a secure location until enough to cash in has been amassed.

If you choose to sell jewelry or scrap gold, shop around. Though there may be a standard market price for gold at a particular moment in time, not every store will pay it. Look at places where it costs less for the company to do business, so they can pay more for the gold.

A lot of times, the earring posts are made from solid gold even though the earring may not be. Ring bands and the clasps of necklaces usually are, too. The weight is low, so sell these items together. You will get more money if you put them all together.

Talk to the BBB before selling your gold to a jewelry store, dealer or gold buyer. You will see if there were any complaints and be able to read reviews from consumers who have conducted business with them. Keep a close eye out for any complaints not fully resolved. A multitude of unresolved complaints is a good indication you should do business elsewhere.

You don’t have to physically own gold to invest in it. You have the ability to invest in mining stocks or exchange traded funds that have an emphasis on gold. For those that want to buy real gold, make sure you think about how you are going to keep the items safe.

Karat Weight

Separate your gold by 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 earn more if you sell your gold separately by karat weight. If your gold is already separated, you will get as much as possible for it.

Many people like the idea of trading gold to make money. Unfortunately, there are also a number of people who haven’t taken the time to learn all that they can about it, and as a result, they don’t always make the best decisions. Hopefully, you have just learned what you need to know to start investing in and profiting from gold.

Get Started In Gold With These Great Tips

During economic instability, people have often found that gold makes a great investment. But not everyone is privy to the special knowledge it takes to successfully invest in gold. The following article will give you some great insight into investing in gold.

You should think about selling gold over the Internet. There’s no reason to confine yourself to brick-and-mortar stores when selling your gold. It is possible to utilize a website to sell gold items. The online business will provide you with a special kit that you can use to send your gold pieces. If they accept the pieces, you will receive their prevailing rate.

Gold Jewelry

You may be put off by the price of gold, making you go with gold-plated or gold-filled jewelry instead. You can still buy gold jewelry without spending too much at the jewelry store. There is cheaper gold jewelry at pawn shops or online.

If you’re unaware of your gold’s worth, have it appraised. This may cost a small fee, however it is crucial if you want to know the true value of your item. Make sure you go to an accredited and reliable appraiser to get valid appraisal papers. When selling gold jewelry, you will receive only a percentage of the appraised value.

If you take jewelry or scrap gold to local companies that will pay for it, shop around. The “spot” price for gold is determined by a constantly fluctuating market, so not every store is going to pay it. Kiosks in malls and other high-traffic areas pay more in rent and operations, thus, reducing the amount of money they are able to offer for your gold.

If you are shipping jewelry, be certain you find out how much it’s going to cost to get your pieces back if you fail to accept their offer. Many companies offer free shipping; however, they may charge shipping for returns. You should be well aware of what this could cost in advance.

There are many unexpected places to find gold, including thrift stores and antique shops. If you have a discerning eye, you can locate great pieces. The prices are low here as the items are often donated. Reap the benefits from that loss, but only after researching first.

Gold Market

Do not be overly aggressive when dealing in the gold market. There are some shady companies in the gold market. There are plenty of honest dealers; however, there are also people who are only out to steal your personal information. Always err on the side of caution, and fully research every option before taking it.

Use a magnet to test inexpensive jewelry to determine if it consists of steel. Gold and other precious metals are non-ferrous, so they won’t be attracted to a magnet. Check the clasp separately from a chain. The magnet test is simple and effective for this purpose.

Always read small print in sales contracts. This is especially true if you decide you want to mail your gold off to a buyer. Then you can determine how much you will lose to fees.

Earring backings are usually solid gold, no matter if the earring is or not. Necklace clasps and ring bands are usually real as well. Those odd pieces should be sold as one lot, as they weigh so little on their own. By selling them as a collection you will get a higher price.

Gold has played a large role in the lives of people throughout the centuries. To become a wise gold investor, you must become educated on the subject. You should have received the information that you needed from this article.

Learn The Ins And Outs Of Gold With These Tips.

All serious investors should have some of their portfolio tied into commodities. In addition, gold is the best commodity available. Gold can help you out if you just want to make some quick money or if you’re saving for your retirement.

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. If that happens, you want to be able to take the piece back for a refund.

Be aware that any items containing gold can be sold to someone dealing in gold. That could be broken pieces of jewelry, tableware, home decor, or anything else you have around. Note that these items need not be pure gold. It could just have a tiny amount of gold or be gold plated. The amount you can get will depend on how pure your item is.

Melt Value

When selling any gold, you have to decide if it will be as jewelry or for its melt value. The quickest way to sell off gold (and the one many dealers and pawnbrokers prefer) is for the melt value. If you are selling a piece of jewelry, you should pursue a better deal.

Avoid letting people know that you are planning to sell your gold. Anyone could be listening at any time, and you cannot trust everyone. Keep investments private and guard them in a quality safe or in a bank. That way, your gold will always be secure.

When selling gold, research the market price. Also, it might be beneficial to compare prices and see what others are selling similar items for. This way you have an idea of what you can ask for yours. Ask for more than you are happy to accept so that the buyer has room to negotiate the price.

Many people don’t know that a magnet can be used to test whether something is made of gold or some other type of metal that is precious. Precious metals, gold included, are not magnetic. In some cases, only an item’s clasp is solid gold, while the remainder is merely plated. This can be a useful method of testing for that.

Before you sell gold jewelry for its scrap value, have it professionally appraised. You should do this for special pieces. Unique pieces may be worth more intact than they would if eventually melted down. Knowing the true value of a piece can make it well worth the cost of appraisal. This is also a great way to locate buyers who might be interested in your gold.

Gold investment covers a lot of different options besides acquiring and holding the metal itself. You can buy gold shares in an ETF, a mutual fund with a focus on gold, or in gold mining equities. While it is nice to physically have gold, you run the risk of theft and the expense of storing it.

Gold can often be a lucrative but volatile investment. If the thought of volatility and constant changes is a turn-off, perhaps the gold market is not for you. If you are up to the challenge, you ought to minimize risk just the same. Do not invest more than a tiny percentage of your portfolio in gold. Start with investing 5% of your portfolio in gold so you can get a better idea of how this precious metal fluctuates.

Before you buy gold, know the dealer. To ensure your dealer is reputable, check with the Better Business Bureau. The BBB can tell you if the dealer has had any complaints. If so, think about using someone else.

To make sure you get a fair deal, conduct sufficient research on your gold buyer. This is especially important when using a mail-away service for a buyer that is out of state. Look for gold companies that are listed in the BBB to ensure that you are working with a reputable business.

Buying and selling gold will be simpler with this general knowledge on the subject. 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.

Golden Advice On Dealing With The Ultimate Commodity

Did you know that gold investing can help you with various things? If you are educated in the gold trading process, you can score some pretty nice profits. You can be on your way if you follow the advice and tips below.

Be sure to find a reputable gold buyer to do business with. Check BBB.org to find out more about the firm. A reputable buyer will typically pay you a fair price for your gold, and they will offer better customer service than less reputable buyers. This will protect you from rip off artists.

Research a gold buyer before selling your gold. You can see how various dealers handle customer complaints by viewing online reviews and contacting the BBB (Better Business Bureau). Also get more than one offer for your gold. This will ensure you get the best possible price.

Gold Jewelry

Sometimes the cost of gold causes buyers to go for cheaper imitation jewelry 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.

While you may be very tempted to quickly send off your old gold scraps and jewelry to a business that buys gold through the mail, do your homework about the company first. Be sure you find out when you will receive payment, and buy insurance for your package, too. Last, but not least, photograph each item you are sending via mail so that you have recourse if a dispute occurs.

Check gold prices on the day your are buying or selling gold. The spot price is readily found on the Internet. Never pay any more than an 8 percent markup on the gold prices. A few dealers attempt to charge you more than this, but this means they are trying to rip you off.

GoldMoney can be a good resource when buying gold. This service is similar to a bank account that holds deposits in bullion rather than currency. You simply establish your account, deposit funds and receive an assignment of gold that fits the value of your account. Although you own the gold, it remains stored securely in the company’s vaults. You can sell it, portion it out, or even (given the right conditions) arrange to take deliver of it yourself.

While gold buying can be fun, don’t tell everyone about it. You can never really know who is listening, nor who you are able to trust. Make sure that your investment is kept private and kept safe. That way, your gold will always be secure.

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. There are lots of people that want to rip you off by not giving you what you’re owed. You need to do your research and be careful.

It is crucial that you understand the gold market before you try to sell any. Research the selling price of pieces similar to yours. That way, you will have a good starting point. Begin the negotiations by asking for more than you expect to receive.

Talk to a the gold party representative to learn how they make karat determinations. The item is stamped, a lot of times. There are ways to determine a piece’s purity if no stamp is present. 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.

Many times the backs of earrings are solid gold, even if the earring itself is not solid. In addition, necklace clasps or ring bands may be gold, too. You can sell these small pieces together. You will get more money if you put them all together.

Do not expect to earn a large profit right away, but gold is an excellent way to protect your savings from inflation. If you set small goals and work hard to achieve them, you will see profits begin to build over time. As long as you do not panic when the market fluctuates, you should see a great return over time.

Gold Information You Probably Did Not Know About

Gold fluctuates in value, but the trend remains an upward one. Precious metals like gold always have a market for trading, selling, and buying. When financial times are tough, the value can spike like never before. If you want to learn about this potentially lucrative investment, read these tips.

Ounce Bars

Bullion is the best choice if investing in gold. The weights vary. There is a choice of half-ounce and then up to 400 ounce bars. Four hundred ounce bars will be hard to locate.

Before you buy gold, be sure you know exactly when it will be delivered to you. If this is not possible, make sure you get a written contract outlining when the items will arrive. This should be spelled out in no uncertain terms. Only complete the order if given this documentation.

Why not get your gold jewelry appraised if you are not too sure about its current value? 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. However, do not expect to receive the exact amount suggested by the appraisal when you sell the gold.

Before you ship gold jewelry to a buying service, find out whether you will be charged for return shipping. If you are not satisfied with the offer, you will have to pay this amount. A lot of companies say they’ll let you ship for free, but to get things back they charge quite a bit. You want to know what those charges might end up being before you decide to send them your gold.

There are many unexpected places to find gold, including thrift stores and antique shops. You can find bargains in those places when you’re aware of what you want. Lots of folks donate items or sell them in such venues simply because they lack knowledge of their true value. You can take advantage of this if you just know what to look for.

Look around before deciding on purchasing from a gold buyer. You’d be surprised in the variance of prices you’ll get offered. If you do not get several offers, you may not get the best price. Take a bit of extra time upfront so that you have the most cash possible in your pocket.

Many times the backs of earrings are solid gold, even if the earring itself is not solid. Necklace clasps and bands to rings are usually real, too. Since such pieces often weigh little, attempt selling them in a “lot”. You may be able to sell them for more as a bunch.

Before selling gold, separate everything by karat. Some buyers will weigh all your gold at once and offer you what the smallest karat weight is worth. This will result in you receiving less money. Separating the gold before you go prevents this from happening.

You should read all the fine print of a contract when working with a gold broker. This business deals with large amounts of money. Know fully just what you are signing. If you do not agree with the term, go to another dealer. You must protect your finances at all costs.

While the market for gold is tumultuous at times, it holds many opportunities to increase your wealth. If you have low risk tolerance, avoid this market. Look for ways to limit your risks, for instance by investing small amounts in gold. Don’t invest any more than a small percentage of your overall portfolio in gold. For example, you might wisely invest 5%.

Clearly, our finances are based in a gold standard. This means that to take charge of this ever-fluctuating commodity, you must understand it, know how to capitalize on it, and secure your financial goals when dealing with it. Use the stuff you’ve learned here so you can take on the market gold is in and win.

Gold Advice You Need To Know About

Gold is arguably the best investment you can make. Perhaps you are a person who has daydreamed about investing in gold, but doesn’t actually know where to begin? If this applies to you, you’re in good hands. This article is going to give you some of the advice you need when thinking of investing in gold.

Get a good education in precious metal pricing before you try to buy or sell gold. The prices of metals like platinum, gold and silver can fluctuate greatly in just one day. Before you do any buying or selling, check the market prices beforehand. You may have to pay higher prices, though, for pieces that have a small fractional measurement.

Research a gold buyer before selling your gold. You can look at online reviews, check at the consumer protection organizations or read on message boards about complaints. If you get quotes from multiple buyers, you will get the most for your gold.

Think about selling gold on the Internet. You don’t need to visit an actual store to do this. Many websites are available will help you sell your gold. You will get a kit to return gold. If the transaction goes smoothly, they’ll give you a quote and you can either accept or decline the offer.

Know the current price per ounce of gold before selling your pieces. That way you will be able to ascertain if a dealer is providing you with a fair price or not for your pieces. 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 are buying gold jewelry as a gift, make sure you have a money back guarantee. You need a guarantee on any gold you buy. If that happens, you want to be able to take the piece back for a refund.

Selling gold depends on what sort of piece it is, be it a coin, bar or piece of jewelry. Most pawn shops and gold buyers will purchase your gold jewelry for melt value. If you’re prepared to put more effort into locating a buyer, though, you may make more by selling your pieces as jewelry.

Think about shopping thrift and antique shops to discover gold treasures. You can find bargains in these places. Sometimes, people sell to these kinds of stores because they were unaware of what they had. Their lack of knowledge can be used to your benefit, if you know what to look for.

Knows all the details in a gold sales contract. 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.

Never sell gold to a dealer or store with checking their ratings with the BBB first. The BBB’s website will share any negative reports made against a company through the BBB’s service. If there were any complaints, you will want to see how the company resolved the issue. If you see many complaints, then you need to find another business.

Investing in gold is not just for the smart seasoned investor, rather it can be for anyone looking for a safe place to put their money. Now that you know a little about what you are doing, you can feel good about making a transaction in the gold market. Make use of this advice as you enter the market for gold.

What You Need To Know About Buying Gold

People who have watched the markets in recent years have taken notice of the marked increase in gold prices. Many investors have jumped onto the latest gold rush. To do well gold trading, you need good information and insights from experts. Continue reading here, and you’ll be well on your way to working with gold.

Ounce Bars

Gold bars are the most economical choice for investment purposes. The weights will vary. They can be found in sizes as small as a half-ounce or as large as four hundred ounce bars. If 400 ounce bars interest you, know it will be hard to find them.

Before you put down your money for gold, make sure you have a firm delivery commitment from the seller. If you don’t get delivery immediately, get something in writing which confirms delivery of your pieces. The date of arrival should be something you can see listed. Don’t not follow through with the purchase unless you have this in hand.

If you are purchasing gold jewelry for another person, you must be certain about the return policy. It’s almost impossible to determine the value of your gold jewelry just by looking at it. Because of this, it is critical that you are able to bring the piece back to obtain a refund.

Take your old gold that you want to sell to a number of different gold-buying companies before settling on one. Many stores will charge a higher rate than the posted spot rate for gold. Stores that are not near shopping malls may have lower overhead and are able to pay more.

You can get varying prices depending on how you sell it. Some buyers, including a lot of private sellers and pawn shops, only care about melt value. Don’t get discouraged if you are looking to sell jewelry, as buyers are still out there.

Before you go with one gold buyer, shop around. You never know what kind of offer you will receive! By picking the first dealer, you could get a horrible deal. Taking your time can really end up getting you the best deal out there.

A cheap and quick way to test gold is to use a magnet. True precious metals such as gold will not stick to the magnet. Sometimes you’ll find a clasp to be something solid, but everything else is plated. The magnet test is simple and effective for this purpose.

Fine Print

Always read any fine print on your contracts. Read any fine print before you decide to offer your gold to a mail-in buyer. Then you can determine how much you will lose to fees.

Appraise jewelry before scrapping it. This is an absolute must-do if you are selling unique, handcrafted pieces of jewelry. Although you will probably have to pay for an appraisal, you might find you have something worth a lot more than you thought. An appraiser may know someone that’s interested in your jewelry.

It should come as no surprise that enthusiasm over gold’s potential as a means of safeguarding and consolidating personal financial resources is at an all-time high. Maybe you want to learn more. Use the ideas presented in this article to create your own road map to success in gold.