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Gold Information You Will Not Find Elsewhere

If you are looking for something to put money into, gold is a safe bet. Perhaps you are a person who has daydreamed about investing in gold, but doesn’t actually know where to begin? If so, we have just the information you need. The piece that follows is full of useful tips on gold investing.

When entering the gold market you will want to have an idea on how the precious metals prices are determined. Metal prices fluctuate constantly, so you need to know the price on any given day for a transaction. If you have gold that does not weigh up to a full ounce, you may receive less than the melt value when selling it.

Buy Gold

You might have avoided gold because of the price, and chose instead to buy gold-filled or gold-plated pieces instead. However, it’s still possible to buy gold jewelry and not need to spend a fortune at the jewelry store. It is cheaper online and at pawn shops.

If you’re selling gold through a mail-in service, do your homework on the company and its policies before you make a commitment. Be certain you have a clear understanding of the timeline involved, and make certain your jewelry is insured. Make sure that you photograph each piece of gold you’re sending before you mail it off.

If you don’t know what your gold jewelry is worth, consider having an appraisal done. Although appraisals cost money, you will know the value of your items. Use an accredited appraiser for best results. Also keep in mind you usually won’t get the full value if you do decide to sell the gold.

Melt Value

When selling jewelry, be aware that most gold buyers will only pay you on the melt value. Many buyers only want to pay for the melt value of the jewelry. Don’t get discouraged since there’s a buyer out there that wants your pieces.

Make sure you verify the price of gold the same day you plan to buy it. You can see it on various sites and it usually changes every day. Never pay more than 8% premiums on your gold. Be on the lookout for any unscrupulous dealers who try to get away with overcharging you.

If you go to a gold party, talk to the person who organizes it to figure out how they calculate the value of the gold sold. Many times the item will have a stamp. In other cases, there’s no visual evidence and the rep must make the determination by an alternate method. One method that can be used is the acid test.

Research all that you can before you invest in gold. Many people will offer you their own insights and assure you that they’re providing real investment expertise. Be wary of any claim to help you get rich quick in the gold markets. Avoid get-rich-quick schemes, and avoid being scammed.

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

Gold investing isn’t just for a pro; anyone who wants to be safe with their money can do it too. You can now be more confident because of these wonderful gold tips that can guide you toward smart decisions. Keep these tips handy as you pursue your dreams.

Looking For Information On Gold? Read This

If you have ever wanted to get into gold before now but didn’t make the first move, this article is for you. Rather than allow yourself to be turned off by the risks, why not learn as much as possible to alleviate those risks? With a little self-education, you’ll be in an excellent position to make smart gold-investing choices.

Consider selling gold online. You no longer need to buy and sell gold at a physical location. Many websites are available will help you sell your gold. Such sites will send kits in which you mail back your gold. If everything is together, you’ll get paid their going rate.

Melt Value

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. Pawn shops and many private sellers are only looking to pay the melt value. Don’t give up; eventually, the right buyer will come your way.

When selling gold, only work with licensed buyers. Although anyone could rip you off, the chances are slim when working with someone who is licensed. There are plenty of buyers for gold, so do not think that you must make a sale to the first buyer that you meet.

Don’t ignore thrift stores and antique shops when searching for gold deals. If you have an idea of what you are seeking, you can really find a bargain in these places. Often people do not realize the value of old jewelry and simply donate it or put it in a garage sale. If you conduct research, their loss can turn into your gain.

Know what you are working with. Everything that appears to be gold isn’t worth its own weight in it. Often, you will find other metals mixed into the gold in order to strengthen the item. Items that are not pure gold have a lower value. The same goes for pieces that are gold plated. If you don’t know what kind of piece you have, take it in to be looked at before you try and sell it.

Whenever you begin the gold selling process, you need to be educated on the market price. Research the selling price of pieces similar to yours. This way you have an idea of what you can ask for yours. Just make sure to go a little higher than what you actually want so that there is wiggle room for negotiation.

A quick and inexpensive way to test a piece of gold or precious metal to see if it is real, is by using a magnet. True precious metals such as gold will not stick to the magnet. Certain pieces have a clasp made of real gold while the remaining parts are plated. The magnet test is an excellent way to find out.

Review all fine print in sales contracts. Read any materials the company you are sending your gold to provides you with. This allows you to know how much of your proceeds will be used to pay for commissions and fees.

In many cases, earing backing are solid gold even the total piece is not. Necklace clasps and ring bands are usually real as well. Since such pieces often weigh little, attempt selling them in a “lot”. That means they are collected into an assortment that can bring a better price together.

It is a good idea to check with the Better Business Bureau before you deal with a gold broker. You will see if there were any complaints and be able to read reviews from consumers who have conducted business with them. Pay close attention to whether any of the complaints were not settled in a satisfactory way. If a business has a lot of customer complaints or unresolved complaints, avoid using them.

Now you know how to get on the right track. Your gold investing time is now, and you must utilize the tips you’ve just learned. It will not take long for you to begin reaping the gold investment benefits.

What You Need To Know To Cash In On Your Gold

People who have watched the markets in recent years have taken notice of the marked increase in gold prices. Many investors have jumped onto the latest gold rush. As with so many forms of investment, the best way to prepare for trading gold is to educate yourself thoroughly and gain as much professional insight as possible. This article will help you begin your journey to gold investment profits.

Get valuations for your tangible gold from a handful of dealers at a minimum. There are lots of services, jewelry stores and pawn shops that buy gold. Of course, they will want to make a profit when they sell it. Getting multiple estimates helps you get a fairer price on your gold when selling it.

Have an understanding of gold prices. The prices of metals like platinum, gold and silver can fluctuate greatly in just one day. Before you do any buying or selling, check the market prices beforehand. There are different percentages owed based on the sizes of gold you own.

Get an appraisal if you have no idea what value your gold holds. While you may have to pay a fee, the knowledge you gain will help you in the long run. In order to maximize reliability, make sure the appraiser is independent and accredited. If you decide to sell, be aware that it’s not likely for you to get full retail value of your item.

Melt Value

When considering selling your gold jewelry, you need to figure out if you want to get melt value or sell it as jewelry. Pawn brokers and private sellers may just want to pay melt value. Never let this dissuade you, however, as you are sure to locate an appropriate buyer eventually.

Know what you actually have in your possession. 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. This has a detrimental effect on value. Gold plated items may also be deceiving. If you don’t know what you have, have it appraised before trying to sell it.

When attempting to sell your gold, you want to do your research into the market price. You should see if you can figure out what people are selling pieces like yours for as well. This way you have an idea of what you can ask for yours. Ask a bit more so you can negotiate.

Look around before buying from a particular gold buyer. You will get many different amounts. If you choose to sell to the first buyer, you might get a bad deal. Take time to get the most cash you can for your pieces.

A quick and inexpensive way to test a piece of gold or precious metal to see if it is real, is by using a magnet. Gold is not magnetic. 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.

Gold Investment

Everyone at this point probably realizes that a good way to keep your investments safe is by placing your financial concerns in the gold market. You may well be interested in doing some gold investment of your own. If you use the information from this article, your approach to gold investment has an excellent chance to succeed.

Need Good Information About Gold Look Here!

Gold is definitely the king of the finance world. Are you thinking of learning a little more about gold so you’re able to get more out of your investments? Between purchasing companies’ shares to purchasing raw gold, you have a lot to consider. Keep on reading to find out more concerning investing in gold.

When investing in gold, bullion bars are the best way to go. The weights vary. You’ll see them as four-hundred ounces or even a half ounce. If 400 ounce bars interest you, know it will be hard to find them.

Do not dabble in the gold market until you are familiar with pricing of precious metals. The prices of metals like platinum, gold and silver can fluctuate greatly in just one day. Before you do any buying or selling, check the market prices beforehand. You should be ready to pay a higher percentage for fractional pieces like half ounces and quarter ounces over the melt prices.

Research a gold buyer before selling your gold. The BBB can be a great research, as can online customer reviews. Shop around to get the best price for your gold.

If you are buying gold jewelry as a gift, make sure you have a money back guarantee. You can’t be sure of another person’s preferences; they may not care for it. Because this isn’t rare, it’s crucial that you have the ability to return the jewelry for a refund if it’s necessary.

Get an appraisal if you have no idea what value your gold holds. Though you will have to pay a bit, knowing its value is crucial. Make sure to choose an accredited appraiser from an independent shop to receive the most accurate appraisal. Also keep in mind you usually won’t get the full value if you do decide to sell the gold.

Melt Value

When selling any gold, you have to decide if it will be as jewelry or for its melt value. Pawn brokers and private sellers may just want to pay melt value. If you’re prepared to put more effort into locating a buyer, though, you may make more by selling your pieces as jewelry.

Make sure you verify the price of gold the same day you plan to buy it. This information is readily available online. Be aware that it is updated every day. When you actually go to buy, do not pay more than an eight percent markup over this price. Anything more is unethical.

When dealing with any gold buyer, make sure you shop around before making any final decisions. You might just be shocked at the spread of offers you wind up getting! If you don’t shop around, you may not get what you are owed. Taking your time can really end up getting you the best deal out there.

A magnet can help you determine if a gold piece is solid. It is true that precious metals are not attracted to magnets. Sometimes you’ll find a clasp to be something solid, but everything else is plated. You can test your jewelry this way.

Talk to a the gold party representative to learn how they make karat determinations. Many pieces of jewelry will be stamped with a karat rating. A visual cue may not be available so other methods are used to figure it out. A representative using acid tests is a sign of a less-experienced gold agent, as this kind of test is not one of the more surefire methods for karat determination.

Now that you’ve read this article, you know there is a lot to know about buying gold. You are able to make a better decision that can help your portfolio. Use this advice to begin investing in gold to build your future wealth.

Read This Piece For Helpful Gold Information

Ever since gold was discovered, it has been a hot commodity. Everybody cherishes gold, but not everybody is familiar with how to get it. If you’re ready to start buying gold, read on for some important information.

Gold’s price is always changing, which makes it important to know your piece’s value before selling it. Different karat values will be valued and weighed separately when selling your gold. Don’t sell jewelry that’s worth more than its melt value because of its designer origins.

Gold Buyers

Research gold buyers before going to them and try shopping around for buyers that are reputable. Look at the BBB website online for ratings, reviews, complaints and more. You have a better chance of getting the highest possible price for your gold when you obtain bids from a number of different gold buyers.

If you don’t have lots of money to buy gold, but still want to profit on the upside, think about buying scrap gold. If you do this on a regular basis your collection would grow quite quickly. Stash your gold in a place that is safe so that you can cash it in later.

You can sell anything that contains gold to gold dealers. Examples of saleable items include broken jewelry, spoons, forks, household goods, etc. It is not really necessary for these items to be solid gold. It may just be plated or partially pure. You may still get a little of your initial outlay back.

Do a little comparison shopping before you sell jewelry or other gold items, even if you’re looking for a quick cash-for-gold deal. Many stores do not pay the going rate for gold. This is because they must take into consideration their overhead and commissions when purchasing gold.

Melt Value

If you’re selling a gold item that has value beyond its weight in gold, you need to choose whether to sell the piece for its intrinsic value or its melt value. Most buyers will offer you just the melt value for your gold. Don’t give up; eventually, the right buyer will come your way.

It’s always a good idea to verify the spot price before making a purchase the same day. You can find that on a lot of websites, and that can change every day. Never pay in excess of 8% markup above the spot price. Be on the lookout for any unscrupulous dealers who try to get away with overcharging you.

If you send off gold by mail, see how much it is to have it returned to you if the offer isn’t that great. A lot of buyers offer free shipping but will charge you a lot to send the item back. Realize in advance that you’re out money to get back your jewelry.

Never sell your gold to someone who does not have the appropriate state licensure. They are likely to be honest. Many establishments purchase gold, so there is no need to sell yours to the first buyer you deal with.

Do not sell any jewelry solely for its gold content without seeking an appraisal. Appraisal can be especially important with potentially-valuable pieces that may have more worth as jewelry than simply as bullion. You might have to pay a fee to get this appraisal, but it might bring you profit eventually. In addition, appraisers may know people who may be interested in your jewelery.

As is plain to see, gold is very valuable and can be traded very easily. Investing in it is simple since it keeps its value and it goes up over time. Armed with this knowledge, you are ready to start your own gold collection.

Get To Know Everything There Is To Know About Gold

Everyone knows how much popularity gold has gained since the economy has turned sour. Today lots of people turn to gold as a way of safeguarding their wealth; however, it’s important to know how to invest wisely. This article will help anyone and everyone learn about the market.

When you invest in gold, the best way to invest in is bullion bars. There is a great variety of different weights. They can be as small as half an ounce or as large as 400 ounces. The smaller bars are more common, while the larger ones are harder to find.

When you sell gold, deal with a reliable buyer. Verify their good standing by checking with the BBB and reviews online. Reputable buyers usually pay fairly for gold, and they often have much better customer service versus the less reputable ones. Research helps protect you and your investment.

Prior to buying or selling any gold, be sure you truly understand how gold pricing works. With silver, platinum and gold the prices vary wildly throughout the day, and in order to get the correct price you must spot check it on the day before making a purchase. 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.

Gold Broker

Make sure you research any gold broker you do business with. You want to work with a reputable gold broker. Look for online reviews and check the BBB website for complaints and resolutions. When you get bids from multiple buyers, you may be able to get top value for the gold.

Consider delivery time when buying gold. If the seller delays delivery, you have to get a written confirmation on when the expected delivery date is. The expected date must be listed. Don’t buy without such a contract.

Fully research any buyer that you’re considering sending jewelry to through the mail. You should find out how long the process takes, and get package tracking and insurance on your package, too. Take a snapshot of everything that you send in the mail for security.

Have a professional appraise your gold jewelry if you do not know how much it is worth. It costs a bit of money, but you’ll have a good idea of what your gold is worth. Only use an independent, accredited appraiser to get the most realistic value. If you do want to sell the gold, understand you won’t be offered full value it was appraised for.

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. Private sellers and pawn shops just want the melt value. Try not to be discouraged. Sooner or later you will discover the purchaser you are seeking.

Do not discount the value of searching through antique stores or thrift shops for your gold. If you understand what to look for, you really can find some great deals. Often, gold ends up in stores like this because the original owners didn’t realize the items they had were valuable. If you’re educated on how to make these finds, you can score some great deals.

Use a magnet to test inexpensive jewelry to determine if it consists of steel. True precious metals such as gold will not stick to the magnet. Many times you see the clasp gold plated but not the rest of the piece. The magnet test is an excellent way to find out.

Ask what method is used to determine the purity or karats of your jewelry. Sometimes there is a stamp. If there is no stamp, there are different ways to test the gold to ensure it is solid. A representative using acid tests is a sign of a less-experienced gold agent, as this kind of test is not one of the more surefire methods for karat determination.

Following the global financial downturn, gold has become even more popular and important as an investment tool. You can use gold to ride out the tumultuous wave that the stock market may be going through. With any luck, readers will find much value in the tips found above.

Making A Profit With Gold In This Day And Age

Gold has become more and more popular as the economy declines. More people are ensuring their wealth through gold more than ever. This article contains information that will help gold investors learn how to get more value from their investment.

Before buying or selling gold, be sure you are aware of how metals are priced. The values of precious metals fluctuate daily, so be certain you know the spot price before any transaction. You need to get ready to pay higher prices than mere melt value on fractional pieces as opposed to one-ounce pieces.

Look for a gold buyer that has a good reputation. Check with business groups and read online reviews. See how fairly treated former customers feel. By getting bids from several different gold buyers, you will be more likely to get top dollar for your gold.

Delivery Date

Before you buy gold from a dealer, get a guaranteed delivery date. If the seller delays delivery, you have to get a written confirmation on when the expected delivery date is. The date of arrival should be something you can see listed. Complete your order only when given this information.

You may shy away due to gold’s price, which may make you go for gold-filled or gold-plated jewelry instead. You don’t have to spend a fortune buying jewelry at a specialized shop. Online auctions, estate sales and pawn shops are only some of your options.

When you buy some gold jewelry for another person, make sure they have a refund policy. It is impossible to tell if a jewelry item will be well liked or suitable. By ensuring that the dealer offers a return policy, you can help protect yourself.

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. Most pawn shops and gold buyers will purchase your gold jewelry for melt value. Don’t get discouraged if you are looking to sell jewelry, as buyers are still out there.

There are many sites where you can purchase gold, such as GoldMoney. It’s like opening a bank account which trades in gold. Set up the account, deposit some funds, and you get gold at the price that correlates to the account. The gold rests in the bank where you can trade it for cash, portion it out, or redeem the gold for bullion bars.

Although buying gold is exciting, don’t talk to people about this. You don’t know who to trust or who is listening. Do not tell others about your investment, and keep it locked up either in a home safe or at a bank. This ensures that you retain your gold and that it is safe regardless of the circumstances.

You may even be able to find old gold at thrift shops or garage sales. Just make sure you 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. You can gain from their loss!

Enter the market carefully. While there are unscrupulous traders and companies in every market, the gold trade is particularly noted for having a healthy helping of scam artists. Many people want to keep the money you are owed for themselves. Do your homework before giving anyone your business.

Gold’s popularity and importance has risen due to the downward economy worldwide. Being educated in this area allows you to use gold in order to protect your financial portfolio. Use the tips here to make money.

What You Need To Know To Cash In On Your Gold

Gold has been a popular way to hold on something of lasting value for a long time, but its popularity in the current market has increased because of the shaky economy. This article will help you learn more about the gold market. Keep reading for great advice about investing in gold.

When entering the gold market you will want to have an idea on how the precious metals prices are determined. With silver, platinum and gold the prices vary wildly throughout the day, and in order to get the correct price you must spot check it on the day before making a purchase. 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.

Current Market

Check out current market values before you ever sell any jewelry. This allows you to evaluate a dealer’s offer against the current market rate. Dealers often assume that people who are trying to sell gold need quick cash and will try to take advantage.

If you’re interested in investing in jewelry made of gold for someone other than yourself, make sure that you have the ability to return it for a full refund if necessary. What if it doesn’t fit? If you have the receipt, they can easily trade in the piece for something more to their liking.

If you’re clueless about the value of your gold jewelry, have it appraised. While you may have to pay a fee, the knowledge you gain will help you in the long run. Use a licensed appraiser only. If you decide to sell, be aware that it’s not likely for you to get full retail value of your item.

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. Many buyers only want to pay for the melt value of the jewelry. Don’t get discouraged since there’s a buyer out there that wants your pieces.

Avoid letting people know that you are planning to sell your gold. You never know who else could be listening or who you can really trust. Keep it to yourself and protected, either with a decent home safe or in a bank. That way, your gold will always be secure.

Don’t avoid searching antique shops or thrift stores for gold. You can find bargains in those places when you’re aware of what you want. A lot of people give these items to thrift shops or antique markets because they aren’t aware of their true value. Their loss can be your gain.

Shop around before making any decisions about a gold buyer. You’ll be surprised by all the different offers you’ll get. Going to different places will allow you to weigh your options and go with the best deal. It can also help you to negotiate if needed. Taking your time can really end up getting you the best deal out there.

Prior to investing in gold, research the current market. So-called market experts may really be trying to grab your investment resources with little benefit to you. On the other hand, you need to stay mindful about anyone who promises you they can make you rich quick. If you do not buy into the premise that you will get rich quickly, then you won’t be disappointed.

Earring backings are usually solid gold, no matter if the earring is or not. Clasps of necklaces and ring bands are often real gold as well. Since these items are so small individually, it’s best to sell them together in a larger lot. Selling lightweight gold in a lot will increase your chances of selling them.

Everyone knows that gold is valuable. Recent economic downturns have reignited investors interest in gold. Hopefully, the advice here will show you the best way to use gold to build your wealth.

Expert Advice On How To Deal In Gold

If you have been wanting to begin investing in gold, now is the time. You need not feel scared; just rely on your ability to acquire the knowledge you require. Investing in gold carries many advantages, and you must learn what they are.

Be well informed about the value of precious metals before buying or selling gold. Precious metal prices can fluctuate a lot, so check the markets daily, especially when making a transaction. Understand that you will likely pay a higher price for fractional pieces. A half an ounce, for instance, will not exactly cost one half the price of an ounce, it will be slightly higher.

Think about selling your gold online. Gold deals no longer have to take place at a “real” store. Take advantage of websites that allow you to sell gold. Most sites work by mailing you a mailer or kit. You then use your mailer to ship the gold. If when they receive it, all is as they expected, you’ll get their current rate.

Melt Value

When selling jewelry, be aware that most gold buyers will only pay you on the melt value. If you are selling to pawn shops or most private sellers, expect them to offer the melt value. It may take longer to find the right buyer, but you will get more money this way.

Using a brokered service such as GoldMoney may be the gold investment technique that best suits your needs. This is the equivalent of establishing a gold bank account. You simply establish your account, deposit funds and receive an assignment of gold that fits the value of your account. The gold will physically sit in the bank where you can cash it, portion it, or in some circumstances, you can redeem it for gold bullion bars that weigh a kilo.

Investigate several gold dealers before choosing one to do business with. The different prices you receive might shcok you. Going with the very first buyer might not be a good idea. Be sure to take time to choose your buyer wisely for the best profit.

Speak with the representative at the gold party to find out how they determine how many karats a piece of jewelry is. A lot of the time you’ll find a stamp on the item. In some situations, though, no visual sign presents itself, so there are other ways of determining it. The simplest test is the acid test, so if a rep is using this method, he may be a novice to the market.

You must know what investments to make before you actually start investing in gold. Some people will claim to be experts in the field. Be careful of promises claiming you’ll become rich. Don’t think of it like a get-rich-quick scheme to avoid false expectations.

It is a good idea to check with the Better Business Bureau before you deal with a gold broker. The BBB has information about each business including any complaints or reviews from others who have used their services. Take a close look at complaints, and look to see if resolution was achieved. If there are many unresolved complaints, or a huge number of overall complaints, think about giving your business to someone else.

There are many different companies that you can mail your gold into. A lot of sellers enjoy doing this because it’s not hard. You simply drop your jewelry items in a prepaid envelope and wait for your check to come in the mail. But, keep in mind that such enterprises tend to offer lower prices than some competitors. Be aware of the fact that you may receive approximately 30% less in some instances.

If there are any forms involved in your gold dealing, make sure to read them word for word. There is a lot of money in gold and some unscrupulous brokers out there. You must be fully aware of what you are committing to. When the terms aren’t up to your standards, don’t sign. This may be necessary to protect yourself from financial disaster.

By this point, you should feel more confident in your ability to make smart investing decisions. Now is the time to get involved with investing in gold using all the strategies listed here. You are going to realize the many benefits attributed to investing in gold.

Learn All About Gold With These Tips.

Anyone who has been paying attention in recent years knows that gold markets have been the recipients of immense amounts of new interest from investors of all types. If you wish to trade in gold, you have to really get the knowledge to do so from people that know what they’re talking about. Keep on reading to get your gold journey underway.

Melt Value

Get a good education in precious metal pricing before you try to buy or sell gold. Precious metal prices can fluctuate a lot, so check the markets daily, especially when making a transaction. You also will have to pay more than melt value, but you will sell below melt value.

Research gold buyers before going to them and try shopping around for buyers that are reputable. Read online reviews, check with the BBB, and see how the dealers resolve complaints. If you get bids from a few buyers, you can likely get a better price.

Always check out the up to date market value for gold before you seek your gold jewelry. This way, you’ll know whether you’re really being offered a fair price. Many gold dealers will pay market value; however, some dealers try to get your gold cheap.

Melt Value

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. Private sellers and pawn shops just want the melt value. You should look for an individual buyer who is interested in the jewelry itself if you want to get a better price.

When you decide on buying gold the first thing to do is look at the spot price. Many websites contain this information and it varies every day. Never pay more than 8% premiums on your gold. Some sellers try charging more, but that’s overcharging, which is generally unethical.

If you don’t want to worry about storing, shipping and insuring your gold, consider buying GoldMoney instead. Think of it as a bank account that deals exclusively in gold. You just sign up for your account, fund it and then you will be assigned gold. The gold rests in the bank where you can trade it for cash, portion it out, or redeem the gold for bullion bars.

A magnet can help you determine if a gold piece is solid. Gold and other precious metal will not be affected by a magnet, which means that they won’t stick to it at all. In some cases, jewelry may have a clasp that is made of gold, but the rest of the jewelry piece is made of plated metal. This can be a useful method of testing for that.

Be sure to do your homework about current gold values prior to any investment decision or action. There may be unscrupulous dealers claiming to be experts in order to get you to invest with them. You must be extremely careful about any promises concerning getting rich quick. Don’t think of gold as easy money, and you can avoid fake claims.

We all know that the idea of buying, selling and collecting gold is extremely popular right now as a way of creating financial stability. Maybe you have wondered about it yourself. By using the guidance in this piece, you can truly succeed.