Tag Archives: gold pieces

Wondering What All The Fuss Over Gold Is All About? Check Out This Advice Today!

As a result of the recent financial challenges around the world, the gold market has become very popular among investors. You may wish to use gold as a kind of safeguard for your investments. Continue reading so that you can remedy that situation.

It is always a smart idea to have more than one appraisal when you are considering selling gold. 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. Therefore, it is wise to get several offers to ensure the best price.

Prior to buying or selling any gold, be sure you truly understand how gold pricing works. The values of precious metals fluctuate daily, so be certain you know the spot price before any transaction. A higher percentage over the melt should be expected when purchasing fractional gold pieces such as 1/2 or a 1/4th ounce against a one ounce piece.

You must be sure to purchase the right type of gold if you hope to rely on it in your golden years. Gold needs to be IRS-approved. This means it needs to be in the form of coins or bullion that is marked 24 karats. The bars are a better buy than the coins are because they are more likely to retain their value.

If you have no idea what your gold might be worth, than an appraisal is a good idea. This adds an up-front cost, but it could save you a lot of money later. Only use an independent, accredited appraiser to get the most realistic value. Remember, though, that you won’t get the appraiser’s price for your gold.

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. A lot of buyers offer free shipping but will charge you a lot to send the item back. Understand what you will have to pay if you don’t like their offer. Protect yourself.

Think about GoldMoney and other such services when you want to buy gold. It’s like opening a bank account, but for gold. All you do is set up the account, deposit funds, and then you are assigned gold to your account. Instead of keeping up with the gold in your own home, it is stored in a secure bank vault. You can cash it out, divide it, or redeem it.

Know what it is you actually have. Just because something looks like gold doesn’t mean it is worth gold’s weight. Other metals are often mixed with gold in order to provide strength. This can lower the price. Items that are just plated in gold can also be affected. If you don’t know how much your gold is worth, then it would be wise for someone to appraise its worth if you intend on selling it.

Frequently, earring backs are made of solid gold. This is the case even when the earring is not made of pure gold. Necklace clasps and ring bands often are too. They don’t weigh too much so you may want to sell them all together. This is a bunch of different gold pieces in quantity and can help you to get more money for them.

Before you consider selling your gold, check the BBB.org website. The BBB has information about each business including any complaints or reviews from others who have used their services. Look closely at complaints to find out whether or not they were satisfactorily resolved. If you see many complaints, then you need to find another business.

The gold market is really on an upswing these days. Knowing how gold selling and buying works is a great way to learn about how you can make the most money. Take the tips above to heart, and see what you can do with the information to improve your own circumstances.

Become Skilled In Gold By Trying These Ideas!

Look for gold to continue on an upward trend while seeing the other currency take a tumble. Therefore, it is a sound investment and a terrific way to generate profits. There are several things to consider before buying or selling your gold. Use these hand-picked tips to maximize your profits from dealing in gold.

Precious Metals

Do you know how pricing on precious metals works? The prices for precious metals go up and down from one day to the next. Therefore you must find the price on the exact day before you agree to do business with someone. A higher percentage over the melt should be expected when purchasing fractional gold pieces such as 1/2 or a 1/4th ounce against a one ounce piece.

Don’t have much money? Invest in scrap gold. Invest small amounts of money in scrap gold. After a few months, you will have accrued a significant store of gold. Be sure to stash your gold safely away until you decide to sell it.

Get an appraisal if you have no idea what value your gold holds. This adds an up-front cost, but it could save you a lot of money later. In order to have it valued most accurately, go with an appraiser who is accredited and independent. If you’re going to sell the gold you have, you’re not going to get the appraisal value.

If you’d like to sell scrap gold or jewels, look around for the best price. You cannot count on these stores to pay the national standard of the day. Stores not inside major shopping malls might have lower rent and overhead, and so can pay you more.

Keep your gold investing to yourself. This is because you never truly know who may be listening. Make sure that your investment is kept private and kept safe. This keeps your gold hidden and secure, as it is a very valuable investment you want to protect.

Be cautious. There are always a few bad apples in every market, and players in the gold market are no exception. A lot of companies and individuals trading in gold rely on taking advantage of unsuspecting consumers in order to increase their profits. Because of this, you need to be extra cautious and really research.

Gold should be separated by karat weight before sale. Keep an eye on the gold buyer because they may try and deceive you. A common trick is to weigh everything together and then give you the price for the karat that is the lowest weight. This will cheat you out of money. If your gold is already separated, you will get as much as possible for it.

Gold is often volatile even though it can be a good investment. Gold investment may not suit you if your investment style isn’t prepared for a lot of up-and-down price movement. However gold is perfect for long term investments. Invest only a tiny percentage of your portfolio in gold. It should be no more than five percent.

Before you buy gold, get to know the dealer. Check with the Better Business Bureau to verify the reputation of a dealer. In this way, you can check reviews, experience, complaint resolution and more. If you find several complaints, look elsewhere for a gold dealer.

To invest in gold pieces intelligently, educate yourself on testing for grade. Gold purity is measured in karats. Higher karats mean more value. Never go by the stamp stating karat weight. Understanding how you can test gold’s purity will help ensure you never overpay.

Gold is a popular investment for many reasons. Gold prices continue to go up, making it a solid investment. It is imperative to remember all the tips for buying and selling if you plan on being successful. The advice in this article will help you realize the highest return on your gold investment.

Everything You Have Ever Wanted To Know About Gold

Because the dollar is something that’s worth less and less, a lot of people have found that gold is the answer. While the dollar’s value decreases, gold’s increasing value makes it the most sought after precious metal for investment purposes. Use this article’s tips as you consider an investment in gold.

When you sell gold, deal with a reliable buyer. Get with the Better Business Bureau or check out reviews online if you’d like to learn about someone’s business. A buyer with a good reputation will give you good service and an equitable price for the gold you are selling. Protect your interests and your gold by doing this.

Scrap gold is an excellent investment if you are working with limited investment money. Just keep buying a little every time you get paid, over a year or two you will accumulate quite a little pile. Keep it inside a safe location until you get enough to cash in.

If you want to unload scrap gold pieces or jewelry items for cash, do your homework first. Prices paid will vary from shop to shop. Independent gold dealers with low overhead, for instance, may be in a position to offer you better terms than upscale jewelry stores.

Licensed Buyers

Sell to licensed buyers only. You could still have a problem, but licensed buyers are more likely reputable. Many establishments purchase gold, so there is no need to sell yours to the first buyer you deal with.

As exciting as buying gold can be, avoid telling people about it. You have no way of knowing who might overhear your conversation and who is truly trustworthy. Keep your investments safe and secured in a bank or home safe. This will protect your gold in all circumstances.

You may even be able to find old gold at thrift shops or garage sales. If you you’re aware of what to look for, you can find some great bargains. Many people sell or donate at these shops for low prices due to being unaware of what they own. You can benefit from the seller’s loss if you research a bit.

Approach the market with caution. Several markets have bad companies, but gold is notorious for containing many. Lots of people claiming to be honest gold buyers really just want to trick you. Doing a good amount of research will ensure that you are getting the very best deal.

Understand what you really have. Just because it looks like gold doesn’t mean it’s valuable. In many cases, additional metals have been mixed with the gold to strengthen it. That can make it less valuable. Gold plated items may also be deceiving. Getting gold jewelry appraised is always a good idea if you want to be clear about the potential sale value it represents.

You should research the gold market long before you make an investment. Lots of folks claim to be experts and want to get their hands on your money. Any claims that promise overnight fortunes must be taken with a grain of salt. Gold investing should be long term investments.

Fine Print

Read the fine print of your sales contract. If you choose to sell your gold through one of the many mail-in gold purchasers, carefully read the fine print before selling your gold. Doing so makes it easier to keep track of what portion of your earnings go toward fees and commissions.

Many times earring posts are made of solid gold, even when the actual earring is not solid. The bands to rings and necklace clasps are often times real as well. Because these pieces do not weigh a lot, try selling them as a “lot.” This is a bunch of different gold pieces in quantity and can help you to get more money for them.

If you want to make an investment in precious metals such as gold, there are a number of ways to go about it. Some people prefer to purchase gold coins or bullion, while others just purchase stock in gold or silver. Hopefully you now have a better understanding of the different ways that you can invest in gold.

Become An Expert In Gold By Using This Advice!

Gold has universal value and has been a treasured commodity since it was first discovered thousands of years ago. Lots of people are obsessed with gold, but not everybody can make a smart gold trade. If you are interested in buying gold, keep reading to learn more about investing in gold.

Only sell to reputable buyers. 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. Protect your invest and look into these companies.

Always do your homework to find an honest and reputable gold buyer. You can see how various dealers handle customer complaints by viewing online reviews and contacting the BBB (Better Business Bureau). Get the best offer for the gold you have to sell by approaching multiple buyers.

Make sure that you understand the terms when sending jewelry back through the mail. Make sure you know when payment will be sent to you and insure your package as well. Also you need to be sure to photograph everything you’ve put in your package in case they start a dispute.

If you do not have a large amount of money to start off with, why not consider purchasing scrap gold. Just keep buying a little every time you get paid, over a year or two you will accumulate quite a little pile. Stash your gold in a place that is safe so that you can cash it in later.

Anything that is gold can be sold. It could be a broken jewelry item, table settings, home decor items or anything that is in the house. Note that these items need not be pure gold. Even something partially gold or just gold-plated might mean money. You may still get a little of your initial outlay back.

If you want to unload scrap gold pieces or jewelry items for cash, do your homework first. The current value of gold may be one price, but that certainly doesn’t mean every buyer is willing to offer it. Stores not inside major shopping malls might have lower rent and overhead, and so can pay you more.

Go through thrift shops and antique stores looking for gold. You can find bargains in those places when you’re aware of what you want. Seller don’t always know the value of the gold they own. You can benefit from the seller’s loss if you research a bit.

Prior to picking a gold buyer, comparison shop. You never know what kind of offer you will receive! Selling your gold to the first dealer you see could result in a very lousy deal. Think about this ahead of time so that you can put the most money inside your pocket.

A lot of times, earring backs are gold, even when the earrings themselves are not. Many rings and clasps for bracelets and necklaces are gold too. Because each piece does not weigh much, consider selling these as a group. This is various gold pieces in one quantity and it can help you earn more money.

Gold is an excellent investment since it can easily be traded and retains its good value. Investing in gold makes sense, given how often it holds or even grows in value over time. Now that you’re learning something about what gold can be used for, you can start saving yours up now.

How You Can Make Money By Selling Gold

No one can deny that gold’s popularity has surged since the Great Recession started. More people than ever are turning to gold to safeguard their wealth, but not everyone understands how to do it properly. This article offers advice to anyone who wants get the best return from their gold investment.

Get several opinions about the value of your gold piece before you put it up for sale. There are many buyers who purchase gold, but prices vary from one professional to the next. By shopping around, you will get a better idea of what the gold you are selling is really worth.

Bullion bars are a great choice if you wish to put your money in gold. There are numerous sizes available. The bars vary in size from half an ounce to 400 ounces. Four hundred ounce bars will be hard to locate.

Gold prices change all of the time, so make sure you are aware of the value before you try to sell any. If you have made the call to sell any gold you have, group your pieces by karat value. Stay away from selling high-end jewelry pieces because they have more value.

Do you know how pricing on precious metals works? Gold, along with silver and platinum, have prices that change on a whim. Therefore, you must always know what the spot price currently is. If you have gold that does not weigh up to a full ounce, you may receive less than the melt value when selling it.

Look into selling gold on the Internet. You no longer need to visit a physical store to buy and sell gold. You can buy and sell your gold at many websites online. The site sends you a prepaid mailer to put the gold pieces in. If everything is okay, they will pay you whatever their current rates are.

Check the current price in the gold market before you sell your jewelry. This will help you set a fair price when you sell or buy. 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 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. Protect your gold until you can sell it.

Shop around town if you are taking scrap jewelry or gold pieces to sell to a store or pawn shop. Many stores do not pay the going rate for gold. Local stores that don’t have outrageous overhead may be able to pay you more for your gold.

Try a site like GoldMoney to purchase gold. This is like opening a bank account for gold. All you need to do is create an account and fund it. You are assigned the same amount of gold as the value of the account. Instead of keeping up with the gold in your own home, it is stored in a secure bank vault. You can cash it out, divide it, or redeem it.

Always do your homework before investing. Markets all have their share of unscrupulous players, but gold is a market that seems to have many. They want to take your money and take advantage of you. You need to exercise caution and do your research.

After the financial problems of 2008, gold has become one of the most popular investments out there. Armed with useful, reliable advice, nearly anyone can invest in gold with the best possible outcome. Hopefully the information you gained from this article has made you wiser towards gold.

Getting To Know What Gold Is All About

Investing in gold is seeing a resurgence after the economic uncertainty of recent years. Though more and more people are using gold to help with finances, most don’t know how to properly do it. This article was written to be of assistance to gold investors wanting to get as much from gold as they can.

Get multiple estimates for your gold pieces if you are looking to sell them. There are many buyers who purchase gold, but prices vary from one professional to the next. You can be certain you’re getting the best deal by shopping around.

Gold prices change quickly and often, so know the current value before you attempt to sell any. Don’t forget to take into account the different karat values of your gold pieces. You should not sell jewelry as gold scraps if its worth is higher because of the brand or design.

Research gold buyers before going to them and try shopping around for buyers that are reputable. Check for online reviews and reports from the BBB and see how these dealers resolve complaints from their customers. If you get quotes from multiple buyers, you will get the most for your gold.

When it comes to selling gold, you must decide if you are going to sell it just for its melt value or as a jewelry piece. You may get more if you can wait to sell it to a buyer who values it as a beautiful piece of jewelry. If you’re prepared to put more effort into locating a buyer, though, you may make more by selling your pieces as jewelry.

Never pass up an opportunity to search for gold in a thrift shop or antique store. When you know what to search for, you can find great items in these places. Many people do not realize what they have and sell it or donate it to these shops. Their lack of knowledge can be used to your benefit, if you know what to look for.

Fine Print

Figure out what all of the fine print means when you’re working with a sales contract. If you choose to sell your gold through one of the many mail-in gold purchasers, carefully read the fine print before selling your gold. This allows you to know how much of your proceeds will be used to pay for commissions and fees.

Before you sell a piece of jewelry for scrap, have the piece appraised first. You should do this for special pieces. Unique pieces may be worth more intact than they would if eventually melted down. 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.

You should note that even if a whole piece of jewelry is not solid gold, the backs of earrings or clasps may be. Many rings and clasps for bracelets and necklaces are gold too. They don’t weigh too much so you may want to sell them all together. With a quality of items, you may be able to get someone to buy them together, hoping for greater profits.

Before selling gold, separate everything by karat. 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. You will earn more if you sell your gold separately by karat weight. Have your pieces split up by karats in advance so that you can maximize the return you get out of the sale.

Gold’s popularity and importance has risen due to the downward economy worldwide. When one has the proper knowledge, gold can be used as an important tool for financial protection. Hopefully, this article has offered you some helpful information.

Get The Most On Your Quest For Gold Information

As various forms of currency decrease in value, gold prices continue to go up. For this reason, it’s a good idea to invest in gold as a hedge against future poverty. There are several things to consider before buying or selling your gold. You will benefit from buying and selling gold when you put this advice to good use.

Gold prices change all of the time, so make sure you are aware of the value before you try to sell any. Don’t forget to take into account the different karat values of your gold pieces. Don’t sell jewelry that has an increased value because of the design or the creator.

Go with a legit buyer if you’re selling gold. Verify their good standing by checking with the BBB and reviews online. Good customer service and fair market prices are good indicators of reputable buyers. You should do this to better protect your gold investment and yourself.

Look online for the most reputable gold buyer you can find. Look for online reviews and check the BBB website for complaints and resolutions. By getting bids from several different gold buyers, you will be more likely to get top dollar for your gold.

If you have an interest in getting into the gold markets, but don’t have a lot of investment capital, consider buying scrap. Invest small amounts of money in scrap gold. After a few months, you will have accrued a significant store of gold. Keep the gold somewhere secure until you’re ready to sell it.

Think about having your jewelry appraised if you are not sure of it’s true value. While you may have to pay a fee, the knowledge you gain will help you in the long run. If you want to obtain an unbiased value, retain the services of a certified appraiser. If you still decide to sell your gold, you should know that you will not be paid the full appraisal value.

Shop around town if you are taking scrap jewelry or gold pieces to sell to a store or pawn shop. Even the market “spot” price of gold is a national standard at any given moment, not all stores pay 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.

When dealing with any gold buyer, make sure you shop around before making any final decisions. The different prices you receive might shcok you. Going with the very first buyer who comes along might prove a bad deal. Take your time so you can make the greatest return on your gold.

Karat Value

When selling gold, make sure your items are separated by karat weight. The gold’s value changes depending on the karat value. Mixing them together may reduce the worth. The money you receive in return depends largely on how much each karat value is.

A good way to get a good price on gold is to ask your relatives for their broken jewelry. Purchase an accurate jewelry scale to weigh your gold. With a good scale, you can offer to buy gold for more than pawn shops will offer.

Be sure you double check prices before you sell gold online. Many times you will be able to find a better local deal than you can receive on the Internet. Although mailing your gold is more convenient, it could cost you several hundred dollars more.

If you want to make a gold investment for beauty and value reasons, think about pure gold. Not only is purchasing gold good from a fashion standpoint, it’s also a great investment. Exquisite details and craftsmanship improves the overall value of a piece beyond the actual material value.

Gold has been a popular investment for the last few years, for very good reasons. The value of it is rising and making returns profitable. However, if you are a novice to the gold market then you need to be sure about what you are doing before you start trading. Be sure you remember the advice that was contained in this article so you can get the value you deserve.

What You Need To Know When You Are Dealing With Gold

If you are interested in safe investments, gold is an excellent option. Gold can even out your financial portfolio. How do you get started? There a few things to learn, but it is not rocket science. Use these tips to make gold investing a part of your financial plans.

Get multiple estimates for your gold pieces if you are looking to sell them. There are quite a few stores selling jewelry or that buy it, and they sometimes make more money on the gold than you make on it. If you’re able to work with a couple of different places, you can see if you’re getting the best deal.

Sell Gold Online

It is possible to sell gold online. You don’t have to go to a jewelry store or pawn shop. There are many places to sell gold online. You will receive a package that details how to send you gold pieces. If everything is okay, they will pay you whatever their current rates are.

Fully research any buyer that you’re considering sending jewelry to through the mail. Your package needs to be insured, and you need to be aware of when you are going to receive payment. You can also protect yourself in case of any disputes by snapping some photos of your jewelry before sending it off.

Don’t have much money? Invest in scrap gold. Do this regularly over a certain length of time, and in 12 months or so, you would have accumulated a good amount. Keep the gold somewhere secure until you’re ready to sell it.

You can get varying prices depending on how you sell it. Usually, you will only get the melt value from both private sellers and pawn shops. However, if you are patient, you will find a buyer who is willing to pay top dollar for your jewelry.

A fast, cheap way to test for gold’s authenticity is to use magnets. Gold, unlike other metals, will not be attracted to a magnet. There may be times when an item of jewelry has a solid gold clasp, but the rest of the item is only gold plated. This can be a useful method of testing for that.

Talk to a gold representative to learn how they test gold for purity. Many times the item will have a stamp. A visual cue may not be available so other methods are used to figure it out. Dealers using an acid test may be newcomers, as this is a very basic test.

While gold may be a great investment, it may also be volatile. If you’re not wanting to stomach the ups and downs, then you need to steer clear. If you are able to handle it, then you can still limit the downside risk involved. You should invest only 10% of your portfolio in gold. Limiting gold to five percent or less of your total investment is a good idea.

Knowing the right decisions for investing in gold is part of learning the whole investment process and your options that exist. This piece has provided assistance, and you ought to be prepared to make your move. Use these guidelines to pad your pocketbook.

Good Tips To Use When You Need Information About Gold

Today is the day to invest in the gold market. Rather than feeling intimidated by the gold market, learn about it. Investing in gold carries many advantages, and you must learn what they are.

Make sure that you get a quality estimate from a reputable source before selling your gold. A lot of services and jewelry stores are out there, and they will usually vary in how much they profit. By seeking multiple estimates, you are able to determine whether an offer is truly fair.

If you wish to enter the gold market but don’t have tons of capital, try buying scrap. You can do this over a period of time, say around each pay day, and accumulate a considerable amount of valuable gold within a year or so. Make sure you have a safe place to keep your gold (a safe deposit box is ideal) while you’re collecting it.

Take a look at the spot price prior to going out to purchase gold. This information is available on a number of websites. Don’t buy anything marked up over 8% of this. While many companies attempt to charge more, this is simply not ethical and should be viewed with caution.

Keep your gold investing to yourself. This is because you never truly know who may be listening. Protect your investment in a secure home safe or in a safe deposit box. This will help protect you.

Research the market price of gold before you attempt to sell yours. Check out the competition and what they are offering. This lets you determine a fair market value starting price point. Always start a little higher that what you are actually hoping to get, so you have room to negotiate.

Shop around before you decide which gold buyer you will use. You may get a wide variety of offers. When you just take buyer number one, you may lose money. Invest the time into the process, and you will be rewarded in the end.

Appraise jewelry before scrapping it. This is particularly important for unique pieces with detailed craftsmanship. Even though there is an appraisal fee, you could see a lot of extra money in your pocket. An appraiser might even be able to help you sell your special item.

Those costume earrings you’re holding in your hand may have real gold backs or hoops. In addition, necklace clasps or ring bands may be gold, too. Since such pieces often weigh little, attempt selling them in a “lot”. This is a bunch of different gold pieces in quantity and can help you to get more money for them.

You can invest in gold without collecting it. You can invest in gold mining stocks or purchase shares in an exchange traded fund or mutual fund that focuses on gold. If you decide to buy physical bars or coins, remember to consider how much it costs to store the gold securely.

If you are selling gold pieces you own, keep pieces of different karats separated. If you keep them together, an unscrupulous dealer may try to weigh all the pieces in one batch, then pay you the lowest karat price for all of them. You will lose money that way. Instead go in with the piles pre-separated so that you’ll get the most for your gold.

One option when selling your gold is to send it away in the mail. A lot of people who sell gold prefer this simple option. They provide the envelope to send your jewelry ,but you should have your package certified and insured. The price they pay will be very low, though. Keep in mind that you could be looking at a return of 30% less than other options.

Gold is usually a safe investment but this precious metal can also be volatile. If you do not have the stomach for quick jumps up and down, stay away. If you can, try to reduce your downside risk. Invest only a tiny percentage of your portfolio in gold. Limiting gold to five percent or less of your total investment is a good idea.

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. Before you know it, you’ll be reaping the many benefits of gold.

The New Gold Rush: What You Should Know

When thinking of financial things, know that gold is near the top. Do you want to learn how you can profit off gold? There are a number of things to think about, whether you buy gold raw or just dive into mutual funds. Keep reading to understand gold investing a bit better.

You can actually sell your gold online. You don’t need to visit an actual store to do this. It is possible to utilize a website to sell gold items. You will receive a package that details how to send you gold pieces. If when they receive it, all is as they expected, you’ll get their current rate.

Before you purchase a gold piece, know when it is going to be delivered. If this is not possible, make sure you get a written contract outlining when the items will arrive. The date they expect you to get them should be listed. Proceed with an order only if this information is forthcoming.

Save your money to buy higher quality gold and avoid gold-filled and gold-plated pieces. You can still buy gold jewelry without spending a ton at a jewelry store. Pawn shops and online sites have hundreds of gold pieces for sale.

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. You should find out how long the process takes, and get package tracking and insurance on your package, too. Take a photo of what you mail to battle against disputes down the road.

You should think about scrap metal if you want to invest in gold without hitting the markets. 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. Be sure to stash your gold safely away until you decide to sell it.

Anything that is gold can be sold. Decorations, flatware, broken jewelry, anything you have with real gold content is potentially valuable. Solid 24-karat gold isn’t the only type that dealers are interested in, either. Items that are gold plated or filled are also valuable. You can still find a nice return on the sale of it.

Take your old gold that you want to sell to a number of different gold-buying companies before settling on one. Prices paid will vary from shop to shop. The overhead of the store involved may determine how much or little they are able to offer.

Spot Price

Make sure you know the spot price of gold the day you plan to buy or sell. Many websites update this information daily. When purchasing, don’t pay greater than 8% markup above the spot price. Paying that price would simply be unfair to you.

You probably are amazed how much goes into buying and selling gold now that you’ve read the last few paragraphs. You can now make a better decision about using gold in your investment portfolio. Remember the advice you learned here when you invest in gold.