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Fantastic Tips About Gold That Are Simple To Understand

In these times of financial uncertainty, many people turn to gold to build a retirement nest egg. Unfortunately, dealing in the gold market is not foolproof, making it possible to confuse even experienced gold investors. Keep reading the material that follows below to gain a useful education on the ins and outs of buying and selling gold.

Bullion bars are a great choice if you wish to put your money in gold. The weights will vary. They start at a mere half-ounce, but also rise as high as four-hundred ounces. The larger bars can be very difficult to find.

Think about selling your gold on the Internet. Gold dealing doesn’t require physical stores anymore. You can use one of many websites out there to sell your gold. You will receive a package that details how to send you gold pieces. You will receive payment based on the current market value of gold when your items arrive.

Gold Jewelry

The high price of gold may give you the idea that gold-filled or gold-plated jewelry is better. But, it is still possible to purchase gold jewelry without having to go to a jewelry store and spend a fortune. You can buy gold jewelry more cheaply in pawn shops or online.

If you have no idea what your gold might be worth, than an appraisal is a good idea. It costs a bit of money, but you’ll have a good idea of what your gold is worth. Look for an independent appraiser who is properly accredited if you want the most accurate value. When you sell, you won’t get the whole appraisal value, though.

Melt Value

If you are looking to sell gold, the first thing you need to figure out is if you’re going to offer it up as an entire jewelry piece, or seek the melt value. If you are selling to pawn shops or most private sellers, expect them to offer the melt value. If you are selling a piece of jewelry, you should pursue a better deal.

Use GoldMoney to buy gold. This service is similar to a bank account that holds deposits in bullion rather than currency. Set up the account, deposit some funds, and you get gold at the price that correlates to 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.

Shop around before making any decisions about a gold buyer. The offers you get might surprise you! 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.

Carefully read and check the small print in the sales contract. Read any materials the company you are sending your gold to provides you with. Then you can determine how much you will lose to fees.

Gold is often a lucrative, yet variable investment vehicle. You will probably observe some fluctuations on the short term but you should not let this stress you. If you are up to the challenge, you ought to minimize risk just the same. Only a very small overall percentage of your portfolio should be invested in gold. Invest up to 5 percent for best results.

When you sell gold, separate your gold into groups of different karat values. If you don’t do this, the buyer is likely to give you the price for the lowest karat. Gold with a higher karat value is worth more.

The value of gold has been on the rise over the past decade. The rise and fall of the dollar determines the best times for buying and selling gold. Basically, when the dollar is weak, gold prices will remain strong.

Gold investing has created wealth for many people. You need to be educated to deal wisely in gold. Hopefully, the information listed above was a good starting place for you.

Everything You Have Ever Wanted To Know About Gold

Many people like gold, but aren’t educated about it. Because of this, they are not fully able to gain advantage from what gold can do for them. If you are one of those people who are not gold-savvy, you will find the following tips to be useful.

Bullion bars are a great way to invest in gold. They come in weights that vary. They can range from a half an ounce to bars that weigh four-hundred ounces. For the record, four hundred ounce bars are very difficult to find.

If you want to invest in gold, but lack significant capital, think about getting into 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. Stash your gold in a place that is safe so that you can cash it in later.

Return Policy

When purchasing gold, check to see if the dealer offers a return policy. You can’t be sure of another person’s preferences; they may not care for it. By ensuring that the dealer offers a return policy, you can help protect yourself.

When selling any gold, you have to decide if it will be as jewelry or for its melt value. Usually, you will only get the melt value from both private sellers and pawn shops. Don’t give up; eventually, the right buyer will come your way.

Never sell to an unlicensed gold dealer. Most states require that dealers be licensed when dealing with the buying and selling of gold. There are quite a few vendors that will purchase gold, so never go into it thinking you’ve got to sell your gold to the first seller you talk to.

GoldMoney can be a good resource when buying gold. It is akin to establishing a bank account in which you deposit gold. You can open an account, fund it and then determine what price you wish to pay for gold allocation. Your gold is physically kept in a vault where it can be cashed in, segmented or redeemed for bullion bars.

Comparison Shop

Prior to picking a gold buyer, comparison shop. The chances are good that you will get completely different offers for your gold. Going with the very first buyer might not be a good idea. Spend the required time to comparison shop before making any decisions.

Read the fine print of your sales contract. You need to know what you’re getting into if you’re using a mail-in purchasing service to sell gold. This way, it will be clear how much you are paying in fees.

Have your pieces appraised before you sell them as scrap gold. You definitely want to have jewelry with beautiful details and crafting well looked over because the value could be much higher. While you will probably pay to have an appraisal on your gold, this can certainly increase profits further along the way. Appraisers might be aware of someone that wants to purchase your jewelry.

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. Simply receive your prepaid envelope, place the gold inside of it, ship it and wait for your check. But, keep in mind that you may not get as much money this way. You might even take a thirty percent loss. Understand that going in.

Karat Value

Gold jewelry should be separated into different groups based on its karat value before you sell it. The value of the gold differs by the karat value of each and if all your gold is weighed together, you will not receive the best cash value. When the karat value is higher, more money goes in your pocket.

As addressed at the start of this article, a great many people love gold but very few of them really know anything about it. Now that you’ve read all this, you should be comfortable with your gold knowledge. Use the information above to assist you in making wise decisions.

What You Probably Did Not Know About Gold

Gold value is always fluctuating, but the overall trend is always rising. Any precious metal, especially gold, always has a verdant market for trading, selling and buying. When the economy is tough, the price of gold often remains high. Keep reading to learn more about the gold market.

Be well informed about the value of precious metals before buying or selling gold. Metal prices fluctuate constantly, so you need to know the price on any given day for a transaction. You also will have to pay more than melt value, but you will sell below melt value.

Sell Gold

Why not make money selling your gold to online buyers? You don’t need a storefront to buy and sell gold. 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. They will pay you their standard per ounce price for your gold.

Before buying from a gold seller, schedule a timely delivery. If this is not possible, make sure you get a written contract outlining when the items will arrive. The expected delivery date should be noted somewhere. Do not complete your order without this important information.

Check gold prices on the day your are buying or selling gold. This price changes every day. You can locate it on several different websites. When going to buy the jewelry, you should not have to pay higher than 8% markup over the spot price. Some dealers will try to charge more, but they are overcharging and oftentimes, not ethical.

Don’t brag about your gold purchases, no matter how excited you are. You don’t know who to trust or who is listening. Keep your investments safe and secured in a bank or home safe. That will help protect your gold and you at all times.

Start your investing journey carefully. There are many unscrupulous companies out there who deal with gold. A lot of companies and individuals trading in gold rely on taking advantage of unsuspecting consumers in order to increase their profits. Therefore, it is important to proceed with caution and research each company carefully.

Ask what method is used to determine the purity or karats of your jewelry. In most cases, the item is simply stamped. Some sellers are trained to calculate the value of a piece of gold that is not stamped. An acid test can be a very simple way of doing this, so be aware of that.

You must know what investments to make before you actually start investing in gold. There are those who say they’re market gurus and want you to invest with them. Do not buy into promises of quick riches. Do not think of gold as some way to get rich quickly, and you won’t be disappointed.

Earring backings are often solid gold, even when the earrings are not. Quite often, necklace clasps and ring bands are real too. These pieces don’t weigh much, so try selling them all as a “lot.” This is when many pieces are sold together to net a larger profit.

Be sure to separate all your gold items by karat weight before sale. Weighing the items separately ensures you get the true value its worth, but some sellers won’t do this. This of course results in fewer dollars for you. Separating the gold before you go prevents this from happening.

Have some idea of who you are selling to. Call the Better Business Bureau to make sure dealers are reputable. You can phone the BBB or visit their website to see if any customers have filed any complaints against a company for not-so-great business practices. If the dealer does have complaints filed against them, look for another dealer.

When preparing to sell gold, separate it based on karats. The gold values differ by karat values so if all the gold you have is weighed together, it won’t be the best value you can get. The money you receive in return depends largely on how much each karat value is.

You are probably aware that many currencies used to be backed by gold. So, if you want to deal with this volatile commodity, you need to know a few things about the marketplace. Be sure to keep the advice in this article in mind in order to get on the right path with gold investing.

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

Gold investing has become increasingly popular after the recent economic downturn. You may feel that investing in gold is a smart thing to do but lack the knowledge of how to do it. Eliminate your doubts with the tips below.

Be sure you research a company before sending them gold in the mail. Be sure you figure out when you’ll get sent a payment, and be sure things are insured too. Take a photo of all the items you are sending so there will be no questions later.

When you buy some gold jewelry for another person, make sure they have a refund policy. You have no idea if the person for whom you are purchasing the piece will like it or if it will fit. If that happens, you want to be able to take the piece back for a refund.

If you will be selling your gold, shop around for best prices. Many stores do not pay the going rate for gold. The overhead of the store involved may determine how much or little they are able to offer.

Melt Value

When it comes time to sell your gold, figure out if you would like to sell it for its melt value or simply as a piece. Most private sellers and pawn brokers are only willing to pay melt value for gold jewelry. However, if you are patient, you will find a buyer who is willing to pay top dollar for your jewelry.

When you plan to buy gold, make sure you look at the spot price. The spot price is readily found on the Internet. When purchasing, don’t pay greater than 8% markup above the spot price. Occasionally an unethical dealer may try to overcharge their customers.

Get a good grasp on what you own. Not all gold piece are worth their weight in gold. Usually, there are other metals mixed with gold for stability. This reduces its price though. So can gold-plating. If you’re not sure about the value of your items, you should have them appraised before you try to sell.

You must always perform your own analysis before making any investments in the gold market. Some people swear they’re market experts and attempt to get you to invest with them. However, you need to be very careful when it comes to promises about making you rich. Don’t overestimate how quickly gold will get you rich.

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 will show the commission and fees associated with your transaction.

Mailing away your gold to a buyer is always an option. Sellers often like the simplicity of this process. You get a mailer that is prepaid, place jewelry inside and send it, and you get a check. Although this method of selling your gold is convenient, you might not get top dollar for your gold. Sometimes, you can obtain 30% less for the item, so be careful.

The world is in a financial tizzy, and the popularity of gold is one of the results. Now that you have a basic understanding about buying and selling gold, apply it to your investments. Use the above advice to have the knowledge and confidence you need.

Your One-stop Guide For Everything Gold Related

Investing in gold is seeing a resurgence after the economic uncertainty of recent years. Many people are choosing to invest in gold, but doing so successfully requires a certain level of knowledge. The following piece is meant to help investors of all stripes get the maximum value from gold.

The market price of gold fluctuates daily, and sometimes even more often than that. You ought to know the latest number prior to trying to sell. If you choose to sell gold items, those with differing karat designations ought to be weighed on their own. Do not sell your designer jewelry for its weight in gold because you will lose money.

Make sure that you understand the terms when sending jewelry back through the mail. Be sure to understand when to expect payment and how to insure your items. To avoid problems later on, photograph each item you are sending.

Scrap Gold

If you do not have a large amount of money to start off with, why not consider purchasing scrap gold. After a year of buying a little gold each payday, you could end up with a valuable collection of scrap gold. Keep it inside a safe location until you get enough to cash in.

When you are selling gold, you need to decide whether you want to sell it as a piece of jewelry, or for the melt value. Most private sellers and pawn brokers are only willing to pay melt value for gold jewelry. Don’t lose faith; there is always someone willing to buy the item as an entire piece.

On the day you are planning to buy your gold, check the spot price. This price can be found on a number of websites. Don’t buy anything marked up over 8% of this. A few dealers attempt to charge you more than this, but this means they are trying to rip you off.

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. 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.

Very often earring backs are made from gold even when the earring itself is not. Ring bands, clasps on necklaces, and other easy-to-overlook bits of jewelry also often have significant gold content. Because each piece does not weigh much, consider selling these as a group. This is a bunch of different gold pieces in quantity and can help you to get more money for them.

Sort your gold by how many karats it is. You don’t want everything thrown together in one pile, because it will all be weighed as if it is the same karat. That will result in a lower payout for you. Present the buyer with different piles of gold so you can get a good price for your gold.

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 higher karat value is worth more money.

A good way to get good value out of gold is to see if any relatives have broken items that they no longer want. Get a decent jewelry scale to weigh your gold. Your relatives can earn more than a pawn shop and you still make some money.

Never agree to buy or sell gold online without first verifying the prices. A shop in your area may pay you more for your pieces.Alth Although shipping it may seem easier, consider your profit before you do anything.

Like most investing, it is best to invest in gold for a lengthy period of time. That means you don’t just buy gold when the price is high. Wait for prices to become lower before investing in gold. You can get a much better return on your investment if you buy and sell at the right moment.

Due to the recent collapse of the world’s financial system, you are seeing a rise in the popularity of gold. Anyone can use gold for their investments as long as they have the right information. Hopefully the information you gained from this article has made you wiser towards gold.

Nuggets Of Wisdom For Successful Gold Investing

When the recession started, many people looked to investing in gold as a way to weather the tough economic times. Many gold investors don’t know how the market works. This article will show you the ropes.

If you are selling gold then shop around to get an idea of what its true value is from different companies. Several gold-buying services and jewelry stores get different profits for the gold they buy. When you have several estimates, you’ll have a better idea of what fair market value is.

Research several gold buyers and compare them to obtain the best price for your gold. You can always find online reviews, inquire with the BBB and learn how each vendor handles complaints. 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, don’t feel that to buy gold of real value you need to pay a high price in a fine jewelry store. Pawn shops can offer many good deals and there are also many online buying options.

When purchasing gold, check to see if the dealer offers a return policy. You’re not going to be sure about the jewelry fitting or whether or not a person actually likes the piece. If you have the receipt, they can easily trade in the piece for something more to their liking.

If you’re unaware of your gold’s worth, have it appraised. While you may have to pay a fee, the knowledge you gain will help you in the long run. Use an accredited appraiser for best results. If you choose to sell your piece, know that you probably are not going to get the full appraisal amount.

Melt Value

When it comes time to sell your gold, figure out if you would like to sell it for its melt value or simply as a piece. Private sellers and pawn shops tend to only pay for melt value. Don’t get discouraged since there’s a buyer out there that wants your pieces.

While purchasing gold can be quite exhilarating, try not to discuss your purchase with others. You may not know who is overhearing you, or who is trustworthy. Do not tell others about your investment, and keep it locked up either in a home safe or at a bank. This keeps your gold hidden and secure, as it is a very valuable investment you want to protect.

Never neglect the idea of hunting in antique shops or flea markets to find gold. If you have a discerning eye, you can locate great pieces. 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.

Use a magnet to test inexpensive jewelry to determine if it consists of steel. If it is a true precious metal, it will not adhere to the 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. A magnet can help test jewelry quickly.

If you are selling gold pieces you own, keep pieces of different karats separated. If the vendor weighs all of your items together, you will not get a fair price for your higher karat items. You will lose money that way. Instead you should go in with pre-separated piles to make the biggest return.

As fruitful as gold investments can be, the market is also always-changing. You will probably observe some fluctuations on the short term but you should not let this stress you. However, if you have some ability to weather such swings, still be sure to safeguard your downside potential risks. Only invest a small amount of your financial portfolio. In most cases, 5 percent is sufficient.

Many people like the idea of trading gold to make money. Frequently, though, they do not have enough information to be successful. Hopefully, the information here gave you the information you need to get started.

Win With Gold With These Golden Ideas

Gold is a great investment to help balance your portfolio. You need to know what to do and weigh all options. Keep reading to see why gold is a valuable and great investment strategy.

Before buying or selling gold, know how precious metal prices work. Silver, gold and platinum prices vary from day to day, so spot check a price on the day you plan to do business. You should be ready to pay a higher percentage for fractional pieces like half ounces and quarter ounces over the melt prices.

Sell your gold online. You no longer need to buy and sell gold at a physical location. Many websites want to buy gold from you. The online business will provide you with a special kit that you can use to send your gold pieces. If everything is together, you’ll get paid their going rate.

The cost of gold may put you off. However, you can still find a deal now and then, which you can turn around and sell for a profit. Check pawn shops and online websites for cheaper gold prices.

Check the current price in the gold market before you sell your jewelry. Doing so will help you figure out if a dealer’s offer is a good one or not. Dealers will charge you a premium on top of market value so they can make some money too.

If you don’t have much money to invest in gold, you could start by purchasing scrap jewelry pieces. Invest small amounts of money in scrap gold. After a few months, you will have accrued a significant store of gold. Just make sure you have a safe place to store your little stockpile until it is time to upgrade.

Be aware that it is possible to sell anything with a gold content to gold dealers. From broken jewelry to gold fillings, it can all be sold. The purity doesn’t even have to be 100%. A gold plated item or an item that is not entirely made from gold is still valuable. They won’t be worth as much but you can still get money for them.

Melt Value

When selling jewelry, be aware that most gold buyers will only pay you on the melt value. Usually, you will only get the melt value from both private sellers and pawn shops. This shouldn’t deter you from selling your gold, as there is probably a buyer out there willing to buy for collector value.

Your buyers should always have gold-buying licenses from the state. While you could still get ripped off, a licensed buyer is more likely to be reputable. Lots of shops or individual operators are willing to purchase gold, so you should never feel you need to go with the first offer you get.

It is important to understand that market before becoming active in it. The gold market has more than its share of disreputable dealers. Gold companies will often shortchange you when offering a price for your gold. It’s important to be cautious and do full research.

After reading this offer, you should understand the importance of including gold in your portfolio. Diversifying your portfolio with liquid assets and long-term investments is the best strategy. Get a firm understanding of the risks and benefits involved in the excellent investment choice – gold.

Wondering How To Get Into The World Of Gold? Try These Tips!

In recent years, many people have enjoyed the fact that gold has gone up in price, and it has continued to grow with time. If you are curious as to where to begin in this market, know that you are able to trade gold like the pros. Here are tips that will help you sell and buy gold.

Always do your homework with regard to any person or entity from whom you are thinking of purchasing gold, and look around for a buyer with a good reputation. Check for online reviews and reports from the BBB and see how these dealers resolve complaints from their customers. Shop around to get the best price for your gold.

Know the current price per ounce of gold before selling your pieces. This will indicate whether you’re getting a fair price or not. Most dealers will make you a fair offer, but some will try and rip you off.

Scrap Gold

Look into buying scrap gold if you can’t afford to get into the bigger market. 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.

Before selling your old and broken gold items for cash, make it a point to visit at least 3 or 4 buyers. While the market quotes a price, not all companies actually pay close to that price. 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’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. The quickest way to sell off gold (and the one many dealers and pawnbrokers prefer) is for the melt value. Try not to be discouraged. Sooner or later you will discover the purchaser you are seeking.

Be fully aware of what you have. Just because something looks like gold, that doesn’t mean it’s worth the full weight in gold. Sometimes other metals might be mixed into gold to make it stronger. These metals can reduce the value of gold. This also applies to gold plated items. Getting gold jewelry appraised is always a good idea if you want to be clear about the potential sale value it represents.

You don’t have to have gold in hand in order to invest it. You might invest in an ETF or an individual gold mining stock when buying gold stocks. Purchasing gold bars and coins means you must have a secure place to store them.

IF you want to be a good gold investor, find out how you can test the grade. Gold’s purity is identified in karats. The higher they are, the more expensive and pure it is per each ounce. The stamp isn’t enough to go on. You won’t pay too much for poor quality when you know the methods to testing gold purity.

Now that you have read this article, you should have a head full of ideas about how to get started in dealing with gold. Working hard will get you far in the gold market. Use these tips to prepare yourself.

Gold 101: Tips And Advice For Buying And Selling

Commodities are an integral part of any diversified portfolio. The best commodity available is gold. You can make a small profit thanks to your investment in gold, secure some of your savings and avoid inflation.

You can’t beat bullion bars for a solid gold investment. They come in varying weights. The bullion bars come in half ounce bars and increase up to large bars weighing 400 ounces. Be aware that if you are looking for the biggest bars, you will have a difficult time locating them.

Always do your homework to find an honest and reputable gold buyer. You can always find online reviews, inquire with the BBB and learn how each vendor handles complaints. Talk to several different buyers and get quotes from all of them to ensure you get the best price for your items.

Know the current price per ounce of gold before selling your pieces. This can help you discern whether you’re being offered a good price or not. Many gold dealers will pay market value; however, some dealers try to get your gold cheap.

If you want to start investing in gold but don’t have much money to get started, think about buying scrap. This can accumulate over time, and you can see how this can make a valuable investment. Make sure you keep the gold secured. A safety deposit box is a good place.

Think about having your jewelry appraised if you are not sure of it’s true value. Although appraisals cost money, you will know the value of your items. You will want to find someone who is accredited in gold appraisal to get the proper value of the piece. Remember, though, that you won’t get the appraiser’s price for your gold.

Melt Value

When selling your gold, it is necessary to determine if you wish to sell something as jewelry or simply to get its melt value. Pawn shops and many private sellers are only looking to pay the melt value. Don’t let this hamper you, because you’ll find the right buyer eventually.

When sending off your jewelry, you need to consider the shipping cost to you if you’re not satisfied with the offer given. Companies often provide free shipping, but it can be costly to get them back to you in the mail. Know what you’re up against before you mail anything away.

Use GoldMoney to buy gold. It’s similar to opening a “gold bank account.” With this service the money in your account is converted into gold. Your gold is physically kept in a vault where it can be cashed in, segmented or redeemed for bullion bars.

Use a magnet if you want a cost-effective way to determine whether or not the precious metal is real. Gold and other precious metals are non-ferrous, so they won’t be attracted to a magnet. Sometimes it’s the clasp that is gold, while the rest is only gold-plated. You will find this to be an effective way of testing this.

After reading this article, you should feel more informed. Use these ideas for improving the investment portfolio or making money with just gold. Keep these tips in mind to be a successful gold investor.

What You Must Know About Buying, Selling And Trading Gold

Buying gold to increase wealth is an age-old strategy, but it has become increasingly popular in a rough economy. This article will help you learn more about the gold market. Keep reading to get helpful advice.

When selling gold, sell to reputable buyers. You can check out their reputation by contacting the BBB and checking online reviews. A reputable buyer will typically pay you a fair price for your gold, and they will offer better customer service than less reputable buyers. Doing this protects your investment.

Be aware that any items containing gold can be sold to someone dealing in gold. Old or broken jewelry, old coins and tableware are just some of the things that may contain gold, It doesn’t have to be all gold either. You could also sell something that is gold-plated or contains only a small amount of gold. You can still find a nice return on the sale of it.

Melt Value

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 will see that pawn shops and private buyers only pay melt value. This shouldn’t deter you from selling your gold, as there is probably a buyer out there willing to buy for collector value.

If you want to sell gold, make sure the buyer has a state license allowing them to do so. While you can still get taken for a ride, licensed buyers tend to be more reliable. Many individuals, pawn shops and jewelry stores are interested in buying gold. Be picky about your buyers.

Understand what you really have. Not everything is worth what you think it’s worth. Many times, gold is mixed with other metals to increase its strength. This can make the price a lot lower. This also applies to gold plated items. If you are unsure of what you have, you may want to get it appraised prior to going to sell it.

When at a gold party, talk with the rep about how they make the determination on the karats of the jewelry being sold. In many cases, items are stamped. There are ways to determine a piece’s purity if no stamp is present. One simple way to do this is to use the acid test; if your rep does this, he might be a novice in the business.

Before you try to sell any gold items, you’ll need to separate the pieces depending on the karat weight. Weighing the items separately ensures you get the true value its worth, but some sellers won’t do this. That’ll mean less money for you. Be safe and maximize your value by having all the gold separated before dealing with the buyer.

Before buying gold, know your dealer. Check with the Better Business Bureau to verify the reputation of a dealer. When you contact the BBB, you will learn whether there are complaints. If there are complaints, you need to find a different dealer.

When selling gold, separate it into different karat value groups. Gold values vary based on karat weight, so lumping different weights together will result in a reduction in the price received. Gold with higher karat values is more valuable.

Nearly anyone these days knows that gold is historically a good place to store and accumulate wealth. When the economy is bad, gold is more valuable. Hopefully, you’ve found these tips useful and can now start delving into your own gold investing.