Tag Archives: gold jewelry

Wise Tips For Getting Into The Gold Market

Anyone can successfully trade gold with the right information. Maybe you’ve thought about becoming one of the many people who start investing in gold every year. If this is the case, keep reading to get useful tips on starting your gold investing experience.

Stay with reputable firms when selling gold. Their reputation can be verified though online sources, as well as the BBB. A buyer with a good reputation will give you good service and an equitable price for the gold you are selling. Make sure that you protect both your investment and yourself.

Have an understanding of gold prices. Gold, platinum and silver prices tend to fluctuate daily, so make sure you check the spot price on a specific day before you make a transaction. Also be ready to pay increasingly higher percentages above melt values for any gold pieces that are fractional. These include 1/10, 1/2 and 1/4 ounce pieces.

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. Their expected delivery date should be indicated. If you cannot get this document, do not complete your order.

You need to be cautious about the kind of gold that you purchase to help fund your retirement. The IRS needs to approve the gold. It needs to be either 24 karat coins or bullion bars. Lean towards buying the bars over the coins as they hold more value than coins.

Get an appraisal if you have no idea what value your gold holds. Paying a professional to appraise your item is a good investment. Use a licensed appraiser only. If you’re going to sell the gold you have, you’re not going to get the appraisal value.

Use GoldMoney to buy gold. It is kind of like setting up a gold “bank account.” With this service the money in your account is converted into gold. The gold remains in the bank until you sell it.

Be knowledgeable about market prices before you accept someone’s offer to buy your gold. You should see what other pieces like yours have sold for. This will provide you with a good starting point on pricing. Just make sure to go a little higher than what you actually want so that there is wiggle room for negotiation.

Before you sell gold, put it in different karat weights. A vendor may scam you by weighing what you have together by the lowest weight in karat. You’ll lose out on a lot of potential profit this way. Present the buyer with different piles of gold so you can get a good price for your gold.

When dealing with a gold dealer, fully read every form that’s placed in front of you. A lot of money is exchanged in this business. Understand precisely what you are asked to sign. If you don’t agree with their terms, find another dealer. At the end of the day you are the one who stands to lose financially.

A way to get gold at a great price is to simply ask your relatives if they want to sell broken gold jewelry. Buying gold from people you know cuts out the middle man so both sides will make more money than they would going to a pawn shop.

If you want to make a gold investment for beauty and value reasons, think about pure gold. This investment can also be used as a fashion accessory. Well crafted gold jewelry is even more valuable than gold nuggets that equal it in weight.

Be aware that you might not receive top dollar for your gold. Gold dealers are in business just like other businesses. Try to get the best deal you can while still making the price attractive to the buyer. You should expect between 50% and 70% of the total value.

You should now understand that anyone can participate in gold investing. Now is the perfect time to begin getting involved in gold commodities. All it takes is a little learning and a willingness to take some risk for greater gain. Good luck with your gold investment.

Curious About Trading With Gold? Try This Expert Advice

If you are a serious investor, then you need to know the basics about gold investment. Gold can add much needed diversity to your portfolio. But, where do you begin? All of your choices may overwhelm you. Read on to simplify the entire process and get started with gold investment basics.

Go with a reputable gold vendor when selling. Use both Internet reviews and BBB complaints and information to discern someone’s reputation. A good buyer is going to give you a good price, and will provide you with superior customer service too. Protect your gold investment by doing this.

Prior to buying a piece of gold from a seller, make sure you schedule for timely delivery. 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 go through with the order if they can’t provide you with the delivery date in writing.

If the gold price is not to your liking, perhaps going with gold-filled or gold-plated jewelry is something to consider. 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 sending your gold to some company via the mail, check them out before doing business with them. The last thing that you want to do is lose money because of a flawed shipment. Lastly, take a photo of all that you placed in the package in case there’s an issue later.

When you buy gold jewelry as a gift, be sure to understand the return policy and get a gift receipt. You can’t be sure of another person’s preferences; they may not care for it. For this reason, it is important to purchase jewelry items that come with a money back guarantee.q

Never neglect the idea of hunting in antique shops or flea markets to find gold. If you are aware of what to search for, you can find bargains in these places. Many people do not realize what they have and sell it or donate it to these shops. You can reap the benefits of their loss if you do your homework first.

Prior to picking a gold buyer, comparison shop. You’d be surprised in the variance of prices you’ll get offered. Shaking hands with a buyer who brings you the first offer may actually shortchange you. Invest the time into the process, and you will be rewarded in the end.

Be certain to review the sales contract carefully. If you sell gold through a mail-in purchaser, make sure you understand the terms of the deal. Then you can determine how much you will lose to fees.

Talk to the BBB before selling your gold to a jewelry store, dealer or gold buyer. You should easily find basic facts concerning the specific business, as well as complaints and reviews from previous clients. Pay special attention to any complaints and if they were resolved or not. If they have a ton of complaints or many that are unresolved, you should consider a different business.

Read each form thoroughly when meeting a gold dealer. This business is about the dollar signs, and you must recognize this. You have to protect your investment, too. If the terms are not agreeable to you, get ready to move on. You have to make sure you financially protect yourself.

Figure out who your dealer really is before you buy gold from them. To ensure your dealer is reputable, check with the Better Business Bureau. You will be able to learn if there have been any complaints lodged against them. If they aren’t resolved, move on.

Understanding how to invest wisely in gold is essential to having a bright financial future through portfolio diversity. This article has helped you with that, and now you’re ready to make some decisions. Keep in mind the advice that has been told to you, and get moving in the right direction.

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

Gold markets have experienced an incredible uptick in interest and participation in the past few years, mainly due to investor interest in finding a safe, reliable place to warehouse personal wealth. Before you invest in gold, you must learn the ins and outs and know what you are doing. Keep reading to learn what all gold investors ought to know.

The high price of gold may give you the idea that gold-filled or gold-plated jewelry is better. You do not have to spend lots of money at a jewelry store to buy nice gold jewelry. Find cheap gold in pawn shops or online.

Check the current price in the gold market before you sell your jewelry. This way you will already know what to expect for your gold. The majority of dealers will offer you market value for your gold, but some know that sellers just want to convert their items into cash quickly, and they take advantage of the buyers.

If you’re thinking of supplementing your retirement funds with the help of gold investing, it’s important to understand what type of gold to invest in. Your gold has to be IRS approved. You need to buy only 24-karat bullion coins or bars. Lean towards buying the bars over the coins as they hold more value than coins.

Make sure you know the spot price of gold the day you plan to buy or sell. This information is available on a number of websites. Never pay any more than an 8 percent markup on the gold prices. Some dealers will try to charge more, but they are overcharging and oftentimes, not ethical.

Thrift shops, antique stores and estate sales can be fantastic sources for finding gold jewelry at a good price. If you have an idea of what you are seeking, you can really find a bargain in these places. Many people sell or donate at these shops for low prices due to being unaware of what they own. If you do some research, you can benefit greatly.

It is important to understand that market before becoming active in it. While there are unscrupulous traders and companies in every market, the gold trade is particularly noted for having a healthy helping of scam artists. Despite your best efforts, some buyers and sellers are more than happy to cheat you wherever possible. Always err on the side of caution, and fully research every option before taking it.

Look into market prices of gold before selling it. Check out the competition and what they are offering. That allows you to get an idea of the market value. People will haggle, so ask for more than you will actually settle on.

Knows all the details in a gold sales contract. If you want to sell gold to mail-in gold buyers, read the small print carefully before you sell. This helps you keep better track of how much you have to pay for fees.

Interest in gold has risen in the past few years and keeps growing. But, smart investors will find out about the market prior to getting involved with it. Apply what you have learned in this article to start investing in gold and getting maximum returns on it.

Are You A Gold Lover? Read This

Gold has been valued for centuries. Everyone wants gold, but they don’t know how to get it. If you want to buy or sell gold, read these tips to be the best at it you can be.

When selling gold, it is a good idea to get an estimated value from more than one source. Different gold purchasing entities are at your disposal, and they all require different profits from the purchases. When you have several estimates, you’ll have a better idea of what fair market value is.

Gold fluctuates a lot, so be aware of the purchase price before selling your gold. If you choose to sell gold items, those with differing karat designations ought to be weighed on their own. Don’t sell jewelry that’s worth more than its melt value because of its designer origins.

Make sure to research prospective buyers in advance in order to find a reputable one. The BBB website and other online forums are excellent resources for information on customer satisfaction and a company’s standing. By getting bids from several different gold buyers, you will be more likely to get top dollar for your gold.

You can sell gold online. Visiting a broker to make a gold purchase is no longer required. Many websites are available will help you sell your gold. The online business will provide you with a special kit that you can use to send your gold pieces. If you have everything together, then you will receive the going rate.

Verify the market price before selling your gold jewelry. That way you will be able to ascertain if a dealer is providing you with a fair price or not for your pieces. Many gold dealers will pay market value; however, some dealers try to get your gold cheap.

Whenever you buy gold jewelry on the behalf of another person, make sure that it can be returned. 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, you want to be able to send the jewelry back and get your money back as well.

Figure out what return shipping will cost if you don’t like the offer the mail order gold buyers are willing to give you. While most firms will pay to have you send them your items, they will charge you a considerable amount if you want them back. Know ahead of time if you must pay to get jewelry back.

Be sure the buyer you are considering is licensed by the state to make gold purchases. Licensed buyers are generally more reputable than unlicensed buyers. There is a lot of competition out there, so you can sell to someone else if you’re not happy with the first offer.

Don’t go into the situation blindly when selling gold; always know what the market price is. Also, it might be beneficial to compare prices and see what others are selling similar items for. This is a price point that you can work with. Just make sure to go a little higher than what you actually want so that there is wiggle room for negotiation.

A lot of times, the earring posts are made from solid gold even though the earring may not be. In many cases ring bands and the clasps of necklaces are real gold too. You can sell these small pieces together. This is a bunch of different gold pieces in quantity and can help you to get more money for them.

Clearly, gold is a treasured commodity that has extraordinary trading value. Gold can even gain more value if you keep it for a long time. Armed with your new knowledge of gold investing, you should be ready to get going with gold right away.

Read This Article For The Best Gold Information

Gold investment is a terrific way to safeguard your money and even turn a profit. Maybe you’ve thought about entering this market, but didn’t know where to start. Now is the time to start expanding your gold-investing knowledge. This article will give you tips on investing in gold.

If you are looking to gold as a retirement vehicle, be certain you invest in the proper kinds of gold. You want to ensure that it is IRS approved. You need to buy only 24-karat bullion coins or bars. Lean towards buying the bars over the coins as they hold more value than coins.

Scrap gold is an excellent investment if you are working with limited investment money. You can buy a little at a time, building up a stockpile. This will not break the bank. Just make sure you have a safe place to store your little stockpile until it is time to upgrade.

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. You never know if the jewelry will fit someone else or if the person will even like it. Because of this, it is critical that you are able to bring the piece back to obtain a refund.

If you think you’re going to mail off your jewelry, you should see what it’s going to cost to have things mailed back if you don’t like their offer. Companies often provide free shipping, but it can be costly to get them back to you in the mail. Realize in advance that you’re out money to get back your jewelry.

Sell only to gold buyers who are licensed by the state. While you can still get taken for a ride, licensed buyers tend to be more reliable. Never sell without doing research and verifying the dealer is licensed.

Thrift shops, antique stores and estate sales can be fantastic sources for finding gold jewelry at a good price. You can find gold in unexpected places, but you have to know what to look for. Lots of folks donate items or sell them in such venues simply because they lack knowledge of their true value. Reap the benefits from that loss, but only after researching first.

Don’t sell your items to the first buyer you come across; always get a few quotes. The offers you get might surprise you! If you do not get several offers, you may not get the best price. Spend the required time to comparison shop before making any decisions.

Before you sell your gold as scrap, it is wise to have it appraised first. Fine details and other clear signs of craftsmanship may result in a piece’s value being worth more than just the value of the gold itself. Appraisals cost money, but often are a good investment. Appraisers can also tip you off about interested parties concerning your jewelry.

Mailing away your gold to a buyer is always an option. Although this process may be easier, you may not earn as much money. You receive a postage-paid envelope in which you place your gold items, put it in the mail and wait for a check. But, keep in mind that such enterprises tend to offer lower prices than some competitors. Sometimes, you can obtain 30% less for the item, so be careful.

Do not sell your gold for the sake of selling it. Gold is a commodity that goes up in price a lot more than it falls. Even though it scores all-time highs often, the odds are pretty good it’ll be even higher in the future. The longer you can hang onto gold, the more money you stand to make with it.

Gold investing is not limited to experienced players, and is actually something anyone interested in keeping their money safe can do. You can now be more confident because of these wonderful gold tips that can guide you toward smart decisions. Remember the tips from this article the next time you invest in gold.

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

If you want to use gold in your investment portfolio, then it’s important that you learn how to do that safely. Without knowing what to do, gold trading can be a complicated process. This piece is meant to teach you about gold investment strategies.

Try selling gold online. You don’t have to go to a jewelry store or pawn shop. There are dozens of reputable websites where you can buy and sell gold. They’ll mail you a kit which you use to send them the gold. As soon as your items are verified, you receive an appropriate payment.

Gold Jewelry

Gold is high in price, and this deters some. You might choose gold-plated or gold-filled pieces instead of ones that are full gold. You do not have to spend lots of money at a jewelry store to buy nice gold jewelry. It is easy to get great deals on gold jewelry from online retailers or pawn shops.

If you are thinking about selling some of your gold jewelry, know what the going market price for gold is. Doing so will help you figure out if a dealer’s offer is a good one or not. Most dealers will make you a fair offer, but some will try and rip you off.

Understand that any item containing gold carries value with gold dealers. This could be jewelry pieces which are broken, home decor, tableware or any other gold items you have around. Note that these items need not be pure gold. Even something partially gold or just gold-plated might mean money. You’ll end up with some money in your pocket.

Make sure you’re only selling to someone who has a license to purchase gold. A buyer who is licensed is likelier to be legitimate. Many individuals, pawn shops and jewelry stores are interested in buying gold. Be picky about your buyers.

Look into market prices of gold before selling it. You also ought to do some comparison shopping when it comes to assessing price on similar items. This gives you an idea of what you should get. In order to be able to negotiate, you ought to give a price above the amount you really want.

Never sell gold to a dealer or store with checking their ratings with the BBB first. They’ll have basic resources for you such as reviews and complaints from other customers. Don’t worry too much about complaints that have been satisfactorily resolved. If a business has a lot of customer complaints or unresolved complaints, avoid using them.

You can sell your gold by mail. This does not involve posting any advertisements or going into different shops. A prepaid envelope comes to you; you place your jewelry inside and send it back to the company. Just keep in mind that such firms usually don’t pay that much for your jewelry, as compared to other options. Keep in mind that you could be looking at a return of 30% less than other options.

After reading this article, it is time to begin using the knowledge you have gained. Keep these tips in mind and use them when working on your investments. When approached wisely, investing in gold goes a long way toward helping you achieve your goals.

Gold Information That You Absolutely Must Know

A lot of people decide to invest in gold because this precious metal is an excellent way to protect savings from inflation. Gold is considered by many to be a solid choice if you are looking for a stable investment even when the general economy is rocky. Continue reading to learn how you can protect and grow your wealth using gold.

When you invest in gold, you can’t go wrong with bullion bars. These come in various weights. They start at a mere half-ounce, but also rise as high as four-hundred ounces. However, the really big bars are very hard to come by.

When selling gold, sell to reputable buyers. Verify their good standing by checking with the BBB and reviews online. A good buyer is going to give you a good price, and will provide you with superior customer service too. Make sure that you protect both your investment and yourself.

Gold Jewelry

The cost of gold may put you off. However, it’s still possible to buy gold jewelry and not need to spend a fortune at the jewelry store. There is cheaper gold jewelry at pawn shops or online.

If you have an interest in getting into the gold markets, but don’t have a lot of investment capital, consider buying scrap. Scrap gold can be purchased in very small quantities (like a little bit every time you get a paycheck) and stored until you have a large enough collection to sell off. Ensure that the gold is safely stored and secured at all times.

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. If you are selling a piece of jewelry, you should pursue a better deal.

Make sure you verify the price of gold the same day you plan to buy it. A number of websites feature this information, and it changes daily. When you do buy, avoid more than an 8% markup. Anything more is unethical.

Gold Market

Do not be overly aggressive when dealing in the gold market. Any market has its bad companies, but the gold market is notorious for having a lot of them. There are plenty of honest dealers; however, there are also people who are only out to steal your personal information. You need to do your research and be careful.

Before you sell your gold as scrap, it is wise to have it appraised first. This is especially true for one-of-a-kind pieces like jewelry with intricate details and workmanship. You may have to pay to have a piece appraised, but it’s worth it. An appraiser may know someone that’s interested in your jewelry.

When negotiating with the dealer, be sure to read everything with a fine tooth comb. This is a business transaction after all. You need to know precisely what you are signing. If any of the conditions are not to your liking, try another dealer. It can be worth it to make sure you have that extra protection.

When preparing to sell gold, separate it based on karats. Separating ensures you get the most money for the karats that you own. Gold with a higher karat value is worth more.

Prior to investing in gold, set goals. While the price of gold does fluctuate, it does protect your investment from economic turmoil and inflation. Setting the right limits and also the right goals will have you faring better in the gold market.

Buy only jewelry that is pure gold. Jewelry makes a bold fashion statement in addition to its natural value. Fine gold jewelry derives its value from its craftsmanship and its gold content, thus making this investment desirable.

If you are just starting to invest in gold, don’t make things complicated. Try to avoid gold futures investments. Futures are volatile and complex. If you are not well educated on the subject, you could suffer a big monetary loss. These sorts of complex investments are better suited to experienced investors.

Entering the gold market need not be daunting as long as you do your research. With these tips in hand, you can tackle this investment method. Use the information here to your advantage as you seek to invest your more wisely.

Get Involved In Gold With These Solid Ideas

Gold has become quite popular in recent days. Sadly, far too many prospective investors fail to acquire the knowledge of gold markets required to succeed. This article will show you the ropes.

Get your gold valued by multiple sources. Gold buyers and jewelry stores are out to make a profit, so they’ll all pay less than the actual value of the gold you’re selling. By getting multiple estimates, you can be assured that you will get a fair price when you sell.

Think about having your jewelry appraised if you are not sure of it’s true value. Although you’re spending some money up front, at least you’re getting fair market value for your items. Look for an independent appraiser who is properly accredited if you want the most accurate value. If you’re going to sell the gold you have, you’re not going to get the appraisal value.

Never sell your gold to someone who does not have the appropriate state licensure. A buyer who is licensed is likelier to be legitimate. There are plenty of buyers for gold, so do not think that you must make a sale to the first buyer that you meet.

Whenever you begin the gold selling process, you need to be educated on the market price. Compare prices with other gold dealers. This is a price point that you can work with. Ask a bit more than you want so you can negotiate with the buyer or seller.

Comparison shop when you are choosing a buyer. You might get surprisingly different offers that reward your patience. 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.

When at a gold party, talk with the rep about how they make the determination on the karats of the jewelry being sold. Many items are stamped. In some situations, though, no visual sign presents itself, so there are other ways of determining it. Acid tests are simple ways to do this, so if the rep does this, they’re probably new to the business.

Go over the fine print that’s in any sales contract. If you are selling your gold through the mail, read the information carefully. This allows you to know how much of your proceeds will be used to pay for commissions and fees.

You don’t actually have to own physical bars, coins or jewelry to profit from gold. Buy shares in traded or mutual gold funds or invest in some gold mining stocks. For those that want to buy real gold, make sure you think about how you are going to keep the items safe.

One thing you can do to sell gold is to do so through the mail. Many people prefer this option because it is really easy. You receive a postage-paid envelope in which you place your gold items, put it in the mail and wait for a check. Just keep in mind that such firms usually don’t pay that much for your jewelry, as compared to other options. Be aware of the fact that you may receive approximately 30% less in some instances.

You need to know how to test the grade of the gold you buy. Gold’s purity is identified in karats. The higher the karats, the more pure and the more expensive it is per ounce. You can’t always trust a karat stamp. Knowing how to test the purity of gold will ensure that you will not overpay for poor quality.

Gold Jewelry

If you want to make a gold investment for beauty and value reasons, think about pure gold. Gold jewelry can be purchased as an investment as well as a fashion item. The fine craftsmanship of high-end gold jewelry adds value to the actual gold content, making this a desirable investment.

Many individuals get energized by the notion of making money in gold. It is common for a lack of knowledge to stop them from getting the most out of it. It is hoped that this article has helped you learn how to reap more benefits when it comes to gold investments.

Gold Information That You Absolutely Must Know

The market for buying and selling gold has undergone an astounding surge in popularity in the aftermath of global financial difficulty. Perhaps you have an interest in the gold market as safe haven for your wealth, but you do not know how to approach it. Read on to educate yourself about this market.

Gold is something that changes in price all the time. This is why you should know what it’s worth prior to selling. When selling gold, be sure that items of differing karat values are weighed separately. Do not sell your designer jewelry for its weight in gold because you will lose money.

Use GoldMoney to buy gold. It’s like opening a bank account, but for gold. You will simply establish and account, deposit fund and receive the value of your account in gold. The gold is in a vault being protected, but you can sell it or even have a bullion bar shipped to you.

Avoid letting people know that you are planning to sell your gold. You have no way of knowing who might overhear your conversation and who is truly trustworthy. Stay quiet about the investment and make sure you keep it safe. This keeps the gold and you safe under various circumstances.

Gold investment covers a lot of different options besides acquiring and holding the metal itself. You can put your money in a gold exchange traded fund. You also buy stock in a gold mining company. There are also mutual funds that focus on gold. If you want to get physical gold, factor in the cost of storage in a secure location.

Karat Weight

Separate your gold by karat weight. The buyer will doubtless weigh all of your pieces before setting a price for them, and if you aren’t attentive you may see everything lumped together and weighed with the lowest-karat pieces. That will result in a lower payout for you. Instead, separate each karat weight before going to the dealer.

Avoid selling gold for no reason. The price of gold fluctuates, which is currently at its record high; eventually it will become an even higher price. If you’re able to keep your gold, then you may be able to get more benefits from it later on.

Research anyone who is buying gold from you. This is critical if you are looking into a mail-away type service with a buyer in another state or community. Only do business with gold buying establishments listed within the index of the BBB. That way you get to see if there are pending or past issues or complaints filed against them.

Identify your goals before investing in gold. Though gold stands up well against a bad economy and inflation, it can be risky. Knowing your goals and limiting your exposure beforehand can help improve your chances of earning money.

Gold Jewelry

If your interest in gold is purely aesthetic, why not buy solid gold jewelry? You can use your gold jewelry as a fashion statement and sell it when you need cash. A piece of gold jewelry that is high-value and crafted well offers additional value to the piece, which makes it very nice investment.

Like most investing, it is best to invest in gold for a lengthy period of time. This requires you to invest in gold no matter what the current price is and not just when the value is high. You should actually wait until prices drop to make a smart investment. If you buy gold in good times and bad, and don’t try to time the market, you get a better overall price.

Lately, gold has really boomed, mainly because of the state of the economy. Having a good understanding of both the buying and selling of gold is a great way to take advantage of the gold markets. Apply what you have learned in this article to be as gold-savvy as you can.

Great Ideas And Tips For Dealing In Gold

Investing in gold is a way to limit your risk. However, this is not always the case. Read on to learn more about the market.

When you invest in gold, the best way to invest in is bullion bars. You can find them in several different weights. From .5 ounces to 400 ounces, the choice is yours. The smaller bars are more common, while the larger ones are harder to find.

Think about using the Internet to sell gold. Gold transactions do not require traditional physical storefronts. Many websites are available will help you sell your gold. The site sends you a prepaid mailer to put the gold pieces in. If when they receive it, all is as they expected, you’ll get their current rate.

If you’re clueless about the value of your gold jewelry, have it appraised. This will cost a little money up front, but it’s important to know what you have. In order to have it valued most accurately, go with an appraiser who is accredited and independent. If you continue with your plan to sell, do be aware that you won’t receive the price the piece has been appraised at.

Be aware that it is possible to sell anything with a gold content to gold dealers. For example, you might sell home accent pieces, dinnerware, and old or broken rings and necklaces. It is not really necessary for these items to be solid gold. It could be part of an item that’s gold, or just gold-plated. You still stand to make a fair amount of money selling it.

Gold Jewelry

When considering selling your gold jewelry, you need to figure out if you want to get melt value or sell it as jewelry. Most private sellers and pawn brokers are only willing to pay melt value for gold jewelry. Don’t let this hamper you, because you’ll find the right buyer eventually.

Take a look at the spot price prior to going out to purchase gold. You can see it on various sites and it usually changes every day. Never pay more than 8 percent over the current sales price of gold. A few dealers attempt to charge you more than this, but this means they are trying to rip you off.

While gold buying can be fun, don’t tell everyone about it. You don’t know who to trust or who is listening. Lock your investment up in a safe at home or at a bank and don’t let anyone else know. This ensures that you retain your gold and that it is safe regardless of the circumstances.

Thrift shops, antique stores and estate sales can be fantastic sources for finding gold jewelry at a good price. If you understand what to look for, you really can find some great deals. 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.

If you want to sell your gold, you should divide it in different lots in function of the karat weight. If you keep them together, an unscrupulous dealer may try to weigh all the pieces in one batch, then pay you the lowest karat price for all of them. You will walk away with less money. Rather, pre-separate the pieces so you can get the most money you can.

It’s quite simple to position yourself well in the gold market as long as you educate yourself adequately before you start investing. Since you just read about great tips on gold, there really is nothing preventing you from jumping into this market. Use the tips here and wisely make investment decisions.