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The Most Useful Gold Information You Will Read

Gold has universal value and has been a treasured commodity since it was first discovered thousands of years ago. While we all love gold, we don’t all know how to determine its true value. If you wish to purchase gold now, you should keep reading here for information on what to do.

Do not sell your gold without first knowing what it is currently worth. If you choose to sell gold, weigh and value pieces that have different karat values separately. Don’t sell gold jewelry that may be worth more when sold as a designer piece.

Prior to selling or buying gold, be certain you know how precious metal pricing works. The value of gold tends to fluctuate, which is why it is important to understand the market trends. Also, understand that some types of gold will be more expensive than others.

Comparison shop when it comes to selecting a buyer. Check online reviews, BBB.org and their websites. Additionally, get several offers before selling to a gold dealer to ensure you get top dollar.

Sell your gold online. Gold trading doesn’t necessarily have to happen at an establishment with walls. You can use various websites to sell gold. These sites will send you kits in which you can send them your gold items. If all is in working order, they’ll then pay you at their going rate.

Be sure to select carefully when considering taking your gold to a pawn shop or jeweler for sale. While many stores state they pay the standard price for gold, there are a number of them that do not. 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.

Melt Value

When selling gold, you must decide whether you’re selling a piece for its melt value or just jewelry. Most private sellers and pawn brokers are only willing to pay melt value for gold jewelry. Try not to be discouraged. Sooner or later you will discover the purchaser you are seeking.

Sell to licensed buyers only. A buyer who is licensed is likelier to be legitimate. There is no shortage of places to do gold trading, so don’t feel pressured to take the first offer you get.

Don’t rule out getting gold items from thrift stores or antique shops. These places can be treasure troves for gold hunters. People frequently give these things away without understanding their value. Reap the benefits from that loss, but only after researching first.

When you attempt to sell gold, make sure you know the current market prices. Compare the prices offered by different buyers. In this way, you will have a good idea of how to price your gold. Ask for more than you are happy to accept so that the buyer has room to negotiate the price.

Be sure to do your homework about current gold values prior to any investment decision or action. There may be individuals that claim to be professional market gurus, but they’re just scam artist that want your investment. But, be wary of get-rich-quick promises. Don’t think of it like a get-rich-quick scheme to avoid false expectations.

Before you consider selling your gold, check the BBB.org website. The BBB listing should include basic data about the company, along with details about any complaints made against them. Pay special attention to any complaints and if they were resolved or not. If there’s a lot of complaints about one company, consider not using them.

As you can see, gold is a prized possession. It is also a precious commodity and can be easily traded. Gold holds its value, and over time it will increase in value. Now that you are more educated about acquiring and owning gold, begin creating your own gold collection today.

Nuggets Of Wisdom For Successful Gold Investing

To put gold into your personal investment portfolio, you need to learn the right way to do it. You can’t just jump right in. It takes a bit of studying to know all the facts. This article can help you to learn more about gold investments.

You might be shocked by how much gold costs these days. You do not have to pay full price for gold jewelry if you find that the prices offered by jewelry stores are too expensive. Pawn shops and online sites have hundreds of gold pieces for sale.

Look at the current gold market price prior to selling your pieces. This way, you’ll know whether you’re really being offered a fair price. Dealers often assume that people who are trying to sell gold need quick cash and will try to take advantage.

Gold Jewelry

When you buy some gold jewelry for another person, make sure they have a refund policy. It’s almost impossible to determine the value of your gold jewelry just by looking at 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.

If you don’t know what your gold jewelry is worth, consider having an appraisal done. Even though it is an extra expense, it can be well worth the investment. In order to have it valued most accurately, go with an appraiser who is accredited and independent. Understand that you’ll be paid less than the appraisal value of your gold by gold buyers, however.

Compare different gold buyers if you want to sell some gold jewelry or gold scraps. While spot pricing is the national standard, most stores don’t honor it. Look for stores off the beaten path as they often have lower overhead and better deals.

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 brokers and private sellers may just want to pay melt value. Don’t get discouraged if you are looking to sell jewelry, as buyers are still out there.

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. The majority of companies pay for you to send the jewelry to them, but they charge high fees to return it to you. Be certain you know exactly what those fees will be.

Do not discount the value of searching through antique stores or thrift shops for your gold. A smart and educated gold shopper can make some great finds. Many people do not realize what they have and sell it or donate it to these shops. If you’re educated on how to make these finds, you can score some great deals.

Be aware of the true value of your items. Just because something looks like gold, that doesn’t mean it’s worth the full weight in gold. Usually, there are other metals mixed with gold for stability. That can make it less valuable. The same goes for pieces that are gold plated. When you don’t know what you’ve got, have it appraised ahead of selling it.

Now is a good time to use this knowledge and invest in gold. Think about all the information that you’ve learned, and work towards applying it to your investment strategies. Gold will be a valuable part of your investment strategy for your future.

Simple Steps To Help You Better Understand Gold

Gold continues to rise in value when other forms of currency are falling. Therefore, it is a sound investment and a terrific way to generate profits. Here are some things you must think about when you buy or sell gold. This article can help you make the best out of each opportunity for buying or selling gold.

Bullion bars are a great choice if you wish to put your money in gold. The weight of these bars vary. The weights range from 0.5 oz to 400 oz bars. However, the really big bars are very hard to come by.

The price of gold changes often, so you need to know the value of your gold before attempting to sell it. If you are selling gold, sort it by karat so that it can be valued separately. Try not to sell jewelry items that are valuable due to their maker.

Prior to doing anything with gold, be it buying or selling, you must become knowledgeable about how pricing operates. The value of gold tends to fluctuate, which is why it is important to understand the market trends. You may be required to spend more on melt values if you are working with fractional pieces. You might pay more for something that is 0.25 ounces versus something that is 1 ounce.

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. Understand when you will be paid and how you can insure the mailer. Also you need to be sure to photograph everything you’ve put in your package in case they start a dispute.

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. Some buyers, including a lot of private sellers and pawn shops, only care about melt value. You should look for an individual buyer who is interested in the jewelry itself if you want to get a better price.

Don’t avoid searching antique shops or thrift stores for gold. You can find gold in unexpected places, but you have to know what to look for. Lots of folks are unaware of the value of the items they donate to these places. A little bit of effort on your part to look around can yield big results.

Confer with the gold party rep to determine the method used for judging karats. Is it based on the stamp? A visual cue may not be available so other methods are used to figure it out. A way to tell if a gold representative is new and inexperienced is if they use an acid test. This is a simple test used by newer gold dealers.

Gold investment covers a lot of different options besides acquiring and holding the metal itself. You might invest in an ETF or an individual gold mining stock when buying gold stocks. If you decide to buy gold bars or coins, consider how much it would cost to store it securely.

A choice many people use when selling gold is to ship it through the mail. This is an easy way to get the job done. You obtain a prepaid envelope, put the jewelry in it, ship it, and get a check for it. Just keep in mind that such firms usually don’t pay that much for your jewelry, as compared to other options. Be aware of the fact that you may receive approximately 30% less in some instances.

Many people are involved with selling and buying gold. The values always go up and the returns are amazing. Be sure you’re thinking about tips concerning buying or selling when you are about to put your mark on the market. Take these tips and use them to your advantage as you buy and sell gold.

Stop And Read This Article If You Need Help With Gold

Ever since gold was discovered, it has been a hot commodity. Though most people adore gold, most people are unaware of how to get it. Keep reading for advice on how to buy and sell gold.

Before you purchase a gold piece, know when it is going to be delivered. If your seller can’t commit to immediate delivery, get the delivery date in writing. Make sure that a specific date is listed within this writing. Complete your order only when given this information.

Whenever you’re looking at selling scrap jewelry or gold it is best to explore many different companies to know the offers are legitimate. Even though the market “spot” gold price is the national standard, not all stores will pay it. You might get a better deal at a store not in a major shopping mall, since their overhead and rent is lower.

Melt Value

When selling jewelry, be aware that most gold buyers will only pay you on the melt value. Private sellers and pawn shops tend to only pay for melt value. However, if you are patient, you will find a buyer who is willing to pay top dollar for your jewelry.

When you decide on buying gold the first thing to do is look at the spot price. This price can be found 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.

Start your investing journey carefully. All markets have their flaws, and the gold one is 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.

Shop around before making any decisions about a gold buyer. You may be shocked to see how different the offers are! By picking the first dealer, you could get a horrible deal. Think about this ahead of time so that you can put the most money inside your pocket.

Research the market ahead of investing. Lots of folks claim to be experts and want to get their hands on your money. But, be weary about get rich-quick schemes. Don’t think of buying gold as a means to overnight riches, and you will never end up being disappointed.

Talk to the BBB before selling your gold to a jewelry store, dealer or gold buyer. Here, you will find information regarding the business, as well complaints and reviews from people who’ve dealt with them before. You definitely want to notice any complaints, whether resolved or not. If you see lots of complaints that have gone unresolved, think about moving on.

Be sure to separate all your gold items 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. You’ll get less money that way. Instead you should go in with pre-separated piles to make the biggest return.

Mailing away your gold to a buyer is always an option. A lot of people who sell gold prefer this simple option. 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 you may not get as much money this way. Sometimes, you get paid 30 percent less, so you should be aware of that.

Do a little price verification before you set your heart on selling your gold via an online service. It’s not uncommon to find more favorable pricing from local buyers with physical locations. While simply dropping the gold in a box and shipping it because you’re short on time can seem convenient, if you can make a lot more money locally, you should.

Gold is a valuable, durable, attractive resource. It’s still ideally suited for use as a tradeable commodity, too. Gold is good to invest in because it has a consistent value and even increases. With this knowledge behind you, you can start collecting gold right away.

Get Top Tips On Gold Buying And Selling Right Here

People have always been attracted to gold and investing in it, and this could be no more true than during these tough economic times. It’s going to never go away it would seem. If you wish to get a lot out of working with gold, then you’ll find this article to be useful. Continue reading to get some terrific advice.

Research several gold buyers and compare them to obtain the best price for your gold. Check online reviews, BBB.org and their websites. A variety of bids will ensure that you receive the best price.

Gold Jewelry

Gold is high in price, and this deters some. You might choose gold-plated or gold-filled pieces instead of ones that are full gold. However, it’s still possible to buy gold jewelry and not need to spend a fortune at the jewelry store. You can usually find more affordable gold jewelry online, or if you visit pawnshops.

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.

Gold Jewelry

Have a professional appraise your gold jewelry if you do not know how much it is worth. This will cost a little money up front, but it’s important to know what you have. Be sure to select an appraiser who is accredited and independent for a realistic appraisal. When selling gold jewelry, you will receive only a percentage of the appraised value.

When selling any gold, you have to decide if it will be as jewelry or for its melt value. Private sellers and pawn shops tend to only pay for melt value. You should look for an individual buyer who is interested in the jewelry itself if you want to get a better price.

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 companies say they offer free shipping, but if you refuse their offer they charge a great deal. You want to know what those charges might end up being before you decide to send them your gold.

Sell gold to buyers that are state licensed to buy gold. Licensed buyers will probably be reputable. Do not be forced into selling to the first buyer you find if you are not happy with the terms on offer.

While purchasing gold can be quite exhilarating, try not to discuss your purchase with others. You don’t know who is listening, and you don’t know who you can trust. Make sure that your investment is kept private and kept safe. That way, your gold will always be secure.

Know what it is you actually have. Pieces that appear to be gold may not be worth gold’s weight. Many times, gold is mixed with other metals to increase its strength. The price will be affected by this, often lowering it. Many items are only gold plated. If don’t know what you’ve got, have it appraised before you sell it.

There are few people that do not understand gold’s role in stockpiling wealth. These recent hard economic times have increased interest in gold. Use the information from this article as a valuable resource to help your build your wealth.

Crack The Gold Code By Trying These Tips Today!

Many people have an affinity for gold but aren’t truly familiar with it. This lack of knowledge can make it hard to take advantage of all that gold can offer them. If you are not that knowledgeable about it, the following tips should help you navigate the world of buying and selling gold.

Attain more than one estimate of the value of your gold. 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. By shopping around, you will get a better idea of what the gold you are selling is really worth.

It is possible to sell gold online. Gold deals no longer have to take place at a “real” store. Many websites are available will help you sell your gold. These sites will send you kits in which you can send them your gold items. If you have everything together, then you will receive the going rate.

The high price of gold may give you the idea that gold-filled or gold-plated jewelry is better. You don’t have to spend a mint at a jewelry store, though. It is easy to get great deals on gold jewelry from online retailers or pawn shops.

If you plan to sell jewelry through mail-in companies, make sure to do your research first. The last thing that you want to do is lose money because of a flawed shipment. Take a snapshot of everything that you send in the mail for security.

If you plan to invest in gold as part of your retirement plan, be sure to do it wisely. Your gold has to be IRS approved. The gold has to be either coins or bars, of the 24 karat variety. Bars typically are more valuable than coins are.

If you have an interest in getting into the gold markets, but don’t have a lot of investment capital, consider buying scrap. 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. Keep your collection safe until you have an sufficient amount to cash in.

Gold Jewelry

If you are purchasing gold jewelry for another person, you must be certain about the return policy. It’s almost impossible to determine the value of your gold jewelry just by looking at it. If this happens, you need to return it for a complete refund.

If you’re going to sell your scrap gold at neighborhood shops, check out more than one. You cannot count on these stores to pay the national standard of the day. 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.

When selling your gold, it is necessary to determine if you wish to sell something as jewelry or simply to get its melt value. You will only get melt value at pawn shops or with most private buyers. Don’t lose faith; there is always someone willing to buy the item as an entire piece.

Start your investing journey carefully. Every marketplace has bad apples, but the gold arena is renown for possessing quite a few. Lots of folks are willing to steal right out from under you. Research gold and gold companies before trading.

As the start of this article discussed, as much as gold is loved, it’s not a subject most people can say they know all about. This article has given you some great advice about getting started with it. Take this knowledge and use it to help you make wise gold choices.

Get To Know Everything There Is To Know About Gold

Even though gold prices fluctuate over time, you can normally count on them to rise. When it comes to something like gold, there’s always a huge market out there. When there are tough economic times, the price of gold continues to go higher and higher. If you want to learn about this potentially lucrative investment, read these tips.

Melt 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. You also will have to pay more than melt value, but you will sell below melt value.

If you plan to mail your gold jewelry to a firm, do some research on them and their policies before you do so. 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.

If you wish to enter the gold market but don’t have tons of capital, try buying scrap. You can accumulate scrap gold as you can afford it and have a pretty nifty next egg in a few years. Make sure you keep the gold secured. A safety deposit box is a good place.

Keep in mind that gold dealers will buy anything that’s got gold within it. Examples of saleable items include broken jewelry, spoons, forks, household goods, etc. It doesn’t have to be 24 karat either. Items that are partially constructed of gold or even gold plated are acceptable. You are sure to turn a decent profit.

Be careful in the gold market. Every marketplace has bad apples, but the gold arena is renown for possessing quite a few. They want to take your money and take advantage of you. Do your homework before giving anyone your business.

Prior to coming to any decisions with regard to a gold buyer, shop around. The offers you get might surprise you! If you take the first offer, you might get the worst deal ever! Putting in a little time at the beginning can mean maximum cash in the end.

Ask what method is used to determine the purity or karats of your jewelry. Is it based on the stamp? However, at other times, there is no stamp, so a lot of reps use other ways to find out. If a buyer uses acid testing, it’s an indication they are a newer business.

Before you sell your jewelry as scrap gold, have it appraised. This is especially true for one-of-a-kind pieces like jewelry with intricate details and workmanship. Although you may be charged a fee for the appraisal, it may earn you more money in the long run. They may even give you a reference to a buyer.

Before you try to sell any gold items, you’ll need to separate the pieces depending on the karat weight. Some vendors may try to weigh all of your items at one time and pay you for the lowest karat. That’ll mean less money for you. Separate and weigh your gold so you know the true value before selling.

Complaints Filed

Have some idea of who you are selling to. Speak with the BBB in your area to be sure the dealer is reputable. If you contact the BBB, they will tell you if the dealer has complaints filed against them. If there have been complaints filed, consider using a different dealer.

Gather information about any gold dealer you are considering selling to. This is crucial when you use mail-away services for out-of-state buyers. Any company you want to do business with should be BBB listed so you can check into them.

Inquire if your relatives would be interested in selling any gold they no longer want. Invest in a good jewelry scale, weigh the gold and you can pay your relatives more than a pawnshop would pay and still be able to make money in the deal.

I’m sure you already know the value our financial system places on gold. For this reason, this commodity is a wonderful way to secure your future financial goals. Be in control of your gold investment by using these tips.

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

Gold is something that has been a tremendous value and worth. Since its discovery in ancient civilizations, it has been treasured by people. Here is some advice on how to get started with gold, whether you’re planning on investing or just looking to buy gold jewelry.

Try selling gold online. There’s no reason to confine yourself to brick-and-mortar stores when selling your gold. Numerous websites exist on which to buy and sell gold. You will get a kit to return gold. They will send you payment for your goods after they receive your items.

Prior to selling old jewelry, research the going price for gold. This allows you to evaluate a dealer’s offer against the current market rate. Most dealers will give you the market value, but some will rely on the fact that people just want cash to try and get the best deal possible for themselves.

Before you mail off your gold, make sure that you understand the polices, fees and terms of the company you are dealing with. You should be clear about when you can expect to be paid. Insuring your gold shipment is a good idea, too. Also, make a photographic inventory of every item you send.

If you plan to invest in gold as part of your retirement plan, be sure to do it wisely. It’s crucial that the gold be IRS approved. It needs to be either 24 karat coins or bullion bars. Bars typically are more valuable than coins are.

Anything gold is able to be sold. Examples of saleable items include broken jewelry, spoons, forks, household goods, etc. In fact, a gold piece doesn’t have to be 100-percent gold to be worth something. The items can be gold-plated or made of an alloy containing gold. You can still get a good return on the sale.

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. Never let this dissuade you, however, as you are sure to locate an appropriate buyer eventually.

Figure out what return shipping will cost if you don’t like the offer the mail order gold buyers are willing to give you. Many companies advertise no shipping costs, but they often hide large handling fees in the fine print. Know ahead of time if you must pay to get jewelry back.

Keep your gold investing to yourself. You may not know who is overhearing you, or who is trustworthy. You want to keep these investments safe, mainly stored at the bank or at home if you’ve got a good safe. That will ensure that a home robber doesn’t get away with it.

Do not forget to search thrift shops and antique stores for hidden treasures. If you have a discerning eye, you can locate great pieces. Usually, you will see donated items of great value because people are unsure of their cost. Their loss can be your gain.

You must know what investments to make before you actually start investing in gold. Some people may try to trick you so you invest money with their company. However, you need to be very careful when it comes to promises about making you rich. If you do not buy into the premise that you will get rich quickly, then you won’t be disappointed.

Before you sell your jewelry for scrap gold, have them appraised. This tends to be true for pieces that have intricate workmanship and details. Although you may be charged a fee for the appraisal, it may earn you more money in the long run. An appraiser might even be able to help you sell your special item.

After reading this article you should be better educated in the investment of gold. Gold is not only attractive to wear, but it also makes a solid investment. Use all the valuable tips learned here so you can make wise investments in the gold market.

Get To Know Everything There Is To Know About Gold

Gold is always valuable and the fluctuations of this precious metal are easy to predict. If you want to put your mark on gold investing, realize that you can right along with powerhouse investors. Here are tips that will help you sell and buy gold.

Do you know how pricing on precious metals works? Silver, gold and platinum prices vary from day to day, so spot check a price on the day you plan to do business. You also will have to pay more than melt value, but you will sell below melt value.

Read reviews and do your research before choosing a dealer to buy your gold. The BBB can be a great research, as can online customer reviews. Talk to several different buyers and get quotes from all of them to ensure you get the best price for your items.

Do not allow the high price of gold to deter you from buying quality products. You will not benefit from buying jewelry that is plated or filled with gold. However, it’s still possible to buy gold jewelry and not need to spend a fortune at the jewelry store. Visiting flea markets and pawn shops can help you to get the very best price.

Anything with gold can be sold to a good dealer. From broken jewelry to gold fillings, it can all be sold. Solid 24-karat gold isn’t the only type that dealers are interested in, either. It may just be plated or partially pure. You may still get a little of your initial outlay back.

When you decide on buying gold the first thing to do is look at the spot price. Many websites update this information daily. When you do buy, avoid more than an 8% markup. If you find a dealer asking for more than 8%, they’re overcharging and may not be ethical.

If you think you’re going to mail off your jewelry, you should see what it’s going to cost to have things mailed back if you don’t like their offer. A lot of companies say they offer free shipping, but if you refuse their offer they charge a great deal. Know what you’re up against before you mail anything away.

Look around before deciding on purchasing from a gold buyer. You’ll be surprised by all the different offers you’ll get. If you don’t shop around, you may not get what you are owed. Get the most money for your gold by spending time to comparison shop.

Be sure to do your homework about current gold values prior to any investment decision or action. There may be people claiming to be market gurus who are trying to lure you into investing with them. But, be wary of get-rich-quick promises. Avoid such talk and thoughts so you can avoid unrealistic expectations of what gold can do for you.

Earring backings are often solid gold, even when the earrings are not. Ring bands, clasps on necklaces, and other easy-to-overlook bits of jewelry also often have significant gold content. Since these items are so small individually, it’s best to sell them together in a larger lot. That means they are collected into an assortment that can bring a better price together.

Check Better Business Bureau ratings for gold dealers and jewelry stores before deciding where you want to sell your pieces. Here, you will find information regarding the business, as well complaints and reviews from people who’ve dealt with them before. The key thing to look for is how complaints against the business were resolved. If you see that there are a lot of unresolved complaints, you may want to go with someone else.

You can still invest in gold without physically owning any. Stocks in gold mining or gold based mutual funds are two such alternatives. Buying gold bars or coins involves considerable storage. Remember you must keep these things in a safe place.

Gold Prices

Gold prices have increased by over 400 percent in the last decade which is good if you own gold. The exact best time to really buy gold is not fully known, but it largely depends on how the dollar does. Essentially, a weak dollar means strong gold prices.

Now that you have read this article, you should have a head full of ideas about how to get started in dealing with gold. Hard work, good research and smart investments help you make profitable decisions. Use these tips to prepare yourself.

What You Probably Did Not Know About Gold

Gold has held its value despite market instabilities, and this has made it an extremely popular investment. You may wish to use gold as a kind of safeguard for your investments. Read on to learn more today.

You need to be cautious about the kind of gold that you purchase to help fund your retirement. This needs to be gold investments that have IRS approval. It needs to be either 24 karat coins or bullion bars. Bars are generally more valuable than coins and should, therefore, be favored.

Realize that all items containing gold have some sort of resale value to dealers. For example, you might sell home accent pieces, dinnerware, and old or broken rings and necklaces. Even things that are not pure gold can have value. It may just be plated or partially pure. You will still receive money from the sale of these items.

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. The quickest way to sell off gold (and the one many dealers and pawnbrokers prefer) is for the melt value. Don’t let this hamper you, because you’ll find the right buyer eventually.

Make sure that you know the current market value of your gold before selling it. You can find that on a lot of websites, and that can change every day. Paying for gold that is any higher than an 8% markup is not a wise investment. Be on the lookout for any unscrupulous dealers who try to get away with overcharging you.

Don’t go into the situation blindly when selling gold; always know what the market price is. It’s also a good idea to research what similar pieces have for asking prices. Doing this will provide you with a helpful price to work around. Always ask for a bit more than you really want in order to allow for negotiation.

Use a magnet if you want a cost-effective way to determine whether or not the precious metal is real. Gold and other real precious metals aren’t attracted to magnets. Sometimes it’s the clasp that is gold, while the rest is only gold-plated. A magnet is a good tool for discovering fake gold.

Instead of immediately thinking you have scrap gold, take it to get appraised first. This is true for pieces made with fine craftsmanship. The appraisal will give you the best idea as to the worth of your gold. They may even give you a reference to a buyer.

You don’t have to physically own gold to invest in it. It is possible to purchase stocks of gold mining companies, shares in a gold ETF or a mutual fund whose focus is gold. If you want to get physical gold, factor in the cost of storage in a secure location.

You can actually sell your gold through the mail! A lot of sellers prefer this process due to the simplicity. You get a prepaid envelope, you put your jewelry in and you ship it off, only to get a check in return. The price of this convenience, though, is that you will be paid considerably less for your gold. Be aware of the fact that you may receive approximately 30% less in some instances.

Gold is usually a good investment, but there are no guarantees. If you’re not ready for a roller coaster ride, gold investing is probably not for you. However gold is perfect for long term investments. Only invest a small amount of your financial portfolio. Five percent is a good limit.

IF you want to be a good gold investor, find out how you can test the grade. You measure gold purity using karats. Gold with a higher karat value is more valuable per ounce. The stamp isn’t enough to go on. Understanding how you can test gold’s purity will help ensure you never overpay.

Gold Investing

Many people around the world are concerned with the economy’s troubles, and rightly so. Gold investing has become very popular, and some believe it’s because of these recent troubles. Understanding gold buying and selling is the best way to use these markets to your best personal advantage. Use the above tips to become more knowledgeable about gold investing.