Tag Archives: melt value

Get The Most On Your Quest For Gold Information

This article will help you understand what it takes to invest in gold. If you’re new to it, there’s no reason to be overwhelmed. But, it is important to know more about it before you try to invest in it. The tips below will help you make the right decisions.

A great way to invest in gold is through bullion bars. Bullion bars come in a variety of weight. They can be found in sizes as small as a half-ounce or as large as four hundred ounce bars. If you want a 400 ounce bar, you may have a hard time finding one.

Check the current price in the gold market before you sell your jewelry. This allows you to evaluate a dealer’s offer against the current market rate. The majority of dealers will offer you market value for your gold, but some know that sellers just want to convert their items into cash quickly, and they take advantage of the buyers.

Don’t have much money? Invest in scrap gold. Use the capital you have and purchase what you can and add to it as money becomes available. Find a secure place for your stash until there is enough for you to cash it in.

If you are purchasing gold jewelry for another person, you must be certain about the return policy. You’re not going to be sure about the jewelry fitting or whether or not a person actually likes the piece. If that happens, you want to be able to send the jewelry back and get your money back as well.

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. Private sellers and pawn shops just want the melt value. Don’t get discouraged if you are looking to sell jewelry, as buyers are still out there.

Your buyers should always have gold-buying licenses from the state. They are likely to be honest. There are many people who will buy your gold, but some are out to rip you off.

It is crucial that you understand the gold market before you try to sell any. See what others are bidding for gold items similar to yours. This gives you an idea of what you should get. Request a bit more than you will settle for to give yourself some room to bargain.

Earring backings are usually solid gold, no matter if the earring is or not. Necklace clasps and ring bands are usually real as well. Those odd pieces should be sold as one lot, as they weigh so little on their own. This is when many pieces are sold together to net a larger profit.

Gold prices continue to rise. The ideal time to buy or sell will depend on the strength of the dollar. When the dollar drops in value, gold rises.

One way to acquire gold at a good price is to ask relatives if they have old broken jewelry they would like to sell. Purchase a quality jewelry scale on which to weigh the gold. This allows you to compensate your relatives better than a pawnshop while still earning money on the deal.

Understand the return policy of a seller. Some buyers charge premiums to resell, but others don’t. Consider whether having to ship bulky gold items to a given destination is worth it or not. It is best to take the gold as soon as you purchase it from your local dealer.

Full Price

Understand that you will not receive full price on your gold. Business must generate a profit, and a gold buyer is no exception. They need to make money, and they can’t pay you full price and do that too. Expect to receive offers that are 30 to 50 percent below the total value.

Try to sell high. The stock market and gold prices change every day. When you know how the market works, you can get more for your money. Look for indicators that stocks are on the rise and sell gold coins at that point.

You now are equipped with the necessary information to get you rolling in the right direction. Use these tips to help you become a master gold investor. With time, you’ll find that gold investing can be very advantageous.

The Ins And Outs Of Gold Purchasing And Selling

One of the most sought after metals is gold. Man has treasured gold since it was first discovered thousands of years ago. If you’re trying to figure out how to get into buying gold, or you just want some jewelry, then you’ll find the following tips to be useful.

Before buying or selling gold, know how all the prices work. Metal prices fluctuate constantly, so you need to know the price on any given day for a transaction. There are different percentages owed based on the sizes of gold you own.

Always do your homework to find an honest and reputable gold buyer. You can read reviews online, check with the Better Business Bureau and discover how each dealer resolves customer complaints. Soliciting multiple bids will help ensure you get the best price.

If you want to unload scrap gold pieces or jewelry items for cash, do your homework first. Some stores won’t pay the market price of gold, and it’s up to you to realize this. 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 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.

GoldMoney could be a good resource when you want to buy gold. It is akin to establishing a bank account in which you deposit gold. You put money into it like any other account, (e.g. a savings account) but it’s converted into gold bullion. The gold itself is in a vault at a bank, and you can cash it or redeem it for gold bullions.

As exciting as buying gold can be, avoid telling people about it. You may not know who is overhearing you, or who is trustworthy. Stay quiet about the investment and make sure you keep it safe. This ensures that your gold is protected under all circumstances.

Always research the market price before you try and sell your gold. Compare prices with other gold dealers. This will allow you to have a price in mind you can work with. Ask for more than you are happy to accept so that the buyer has room to negotiate the price.

Comparison shop when you are choosing a buyer. You’ll be surprised by all the different offers you’ll get. Going with the very first buyer who comes along might prove a bad deal. Take your time so you can make the greatest return on your gold.

Use a magnet to determine if an item is made of gold. If it is a true precious metal, it will not adhere to the magnet. 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. A magnet is an easy way to test.

Fine Print

Go over the fine print that’s in any sales contract. If you’re trying to sell gold to people through the mail, then you have to go over the fine print carefully before you sell gold. You’ll then know the amount of your profit that will go to fees and commissions.

One way to sell gold is through the mail. Sellers often like the simplicity of this process. They send you an envelope, and you ship the gold to them, then they pay you by check. Just keep in mind that such firms usually don’t pay that much for your jewelry, as compared to other options. Some of these outfits pay you a third of the money for the item than you might get elsewhere, so be cautious.

If you are going to sell your gold online, check the going price of gold first. Quite often, you’ll find better deals at a local dealer with a brick and mortar store. Yes, mailing it in may be more convenient, but is it worth potentially hundreds of dollars more in your pocket?

Since you just learned some valuable information about the worth of gold, you can see why so many people are interested in it. It is a great way to invest your extra money. Use these tips to invest in a gold collection today.

What You Probably Did Not Know About Gold

As long as you have access to accurate, sound information, you can certainly find success in your efforts to trade gold. Maybe you’ve thought about becoming one of the many people who start investing in gold every year. Read on to find out more.

Bullion bars might be the best gold investment you can make. These come in various weights. They start at a mere half-ounce, but also rise as high as four-hundred ounces. It will be harder to find the bigger bars.

The price of gold changes often, so you need to know the value of your gold before attempting to sell it. Don’t forget to take into account the different karat values of your gold pieces. Don’t sell jewelry that is more valuable due to maker or designer.

Go with a legit buyer if you’re selling gold. Look at the Better Business Bureau to gather information about the company to see if their legitimate or not. A legitimate buyer will pay you fairly for your gold while giving you great customer service. Protect your interests and your gold by doing this.

Make sure to research prospective buyers in advance in order to find a reputable one. You can look at online reviews, check at the consumer protection organizations or read on message boards about complaints. When you get bids from multiple buyers, you may be able to get top value for the gold.

Sell Gold

Think about using the Internet to sell gold. You no longer need to visit a physical store to buy and sell gold. There are plenty of websites out there you can use to sell all your gold. They’ll send you a kit in which you can send the gold items you wish to sell. If all is in working order, they’ll then pay you at their going rate.

Prior to selling old jewelry, research the going price for gold. Gold dealers cannot scam you out of money when you are informed about the value of your items. The majority of dealers will offer you market value for your gold, but some know that sellers just want to convert their items into cash quickly, and they take advantage of the buyers.

Make sure that you understand the terms when sending jewelry back through the mail. Find out when you will receive your money, and never send your package without insuring it first. Be sure you capture photos of everything you put in the mail.

When purchasing gold, check to see if the dealer offers a return policy. You do not know if the gift receiver will like it or if the piece fits. If this happens, then you need to be returning the piece in question for a refund.

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. This shouldn’t deter you from selling your gold, as there is probably a buyer out there willing to buy for collector value.

Do your homework about the market value of gold before you sell. It’s also a good idea to research what similar pieces have for asking prices. This lets you determine a fair market value starting price point. Always ask a little above what you want so there is room for negotiation.

Gold prices have increased by over 400 percent in the last decade which is good if you own gold. The value of the dollar directly correlates the value of gold. Usually, the price of gold goes up when the dollar’s value goes down.

As you now know, the gold markets are open to all. If you have been hesitant in the past to get involved, the tips here should have alleviated those fears. You now know what you need to do to get started. Start with a small investment and stay up to date with the way the price of gold fluctuates.

The Most Useful Gold Information You Will Read

Many people assume gold is a great way to protect their wealth. It can be a wise idea to invest in gold because although it fluctuates it tends to hold its value over time. To learn more about what investing in gold can do for you, continue reading.

Get several opinions about the value of your gold piece before you put it up for sale. There are many places to get this done, and some will pay you more than others. If you’re able to work with a couple of different places, you can see if you’re getting the best deal.

A great way to invest in gold is through bullion bars. They come in weights that vary. Bars may be a half ounce, 400 ounces or anything in between. The larger sizes are considerably more challenging to find.

The price of gold changes often, so you need to know the value of your gold before attempting to sell it. If you make the decision to sell gold, separate your pieces by purity level. Avoid selling any jewelry that’s worth is dependent on the designer.

Precious Metals

Learn how precious metals are priced before you trade in gold. The prices of precious metals fluctuates daily, so it’s best to know the price of the day. If you have gold that does not weigh up to a full ounce, you may receive less than the melt value when selling it.

Check the return policy before you buy anyone a gift of gold. It’s not uncommon for many pieces to not be the receiver’s taste or the wrong size. If that happens, you want to be able to send the jewelry back and get your money back as well.

Comparison shop when selling old gold jewelry. Even though the market “spot” gold price is the national standard, not all stores will pay it. Stores that are not near shopping malls may have lower overhead and are able to pay more.

Selling gold depends on what sort of piece it is, be it a coin, bar or piece of jewelry. Most pawn shops and gold buyers will purchase your gold jewelry for melt value. If you want to sell your gold as a jewelry item, you should keep looking for a good buyer.

There are many unexpected places to find gold, including thrift stores and antique shops. You can find bargains in these places. Many people don’t understand how valuable their items are, so they sell for cheaper than they could at these places. A little bit of effort on your part to look around can yield big results.

Look into market prices of gold before selling it. Research the selling price of pieces similar to yours. Doing this will provide you with a helpful price to work around. Ask a bit more so you can negotiate.

Be certain to review the sales contract carefully. You should carefully read the whole contract especially if selling through a mail service. This will show the commission and fees associated with your transaction.

Look at every form you need to sign when working with gold dealers. This business deals with large amounts of money. Make sure you completely understand the contract you are signing. Move on if their terms don’t meet your needs. You must protect your finances at all costs.

Over the past decade, gold prices has quadrupled, which is great news for gold investors. The changes in currency value affect the value of gold. Basically, when the dollar is weak, gold is strong.

Establish some goals before deciding what kind of investment is best for you. Gold can provide a hedge against inflation, but its value can also be very volatile. Knowing your goals and limiting your exposure beforehand can help improve your chances of earning money.

Buying and selling gold is not as complicated as it may seem at first. Anyone can understand it. The information shared here should make it so that you can begin your foray into gold investing. Use this information as you begin investing in gold.

Looking To Get Started In Gold Investing? Read This First!

The only thing standing between you and a smart investment opportunity in the gold market may be a little good advice, and this article is the place to get it! You should not feel afraid. Learn all you can and begin your gold investment adventure. Read these tips to get you started on your journey into gold buying and selling.

When you invest in gold, the best way to invest in is bullion bars. They are available in various weights. Bars may be a half ounce, 400 ounces or anything in between. If 400 ounce bars interest you, know it will be hard to find them.

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

It is important to only do business with people who have a good reputation. Check the reputation using the BBB and online reviews. Reputable buyers usually pay fairly for gold, and they often have much better customer service versus the less reputable ones. Don’t let yourself be taken advantage of.

Melt Value

When selling gold, you must decide whether you’re selling a piece for its melt value or just jewelry. Most buyers will offer you just the melt value for your gold. Selling your unique gold pieces to a collector can end up netting you more money.

GoldMoney could be a good resource when you want to buy gold. It’s akin to opening up a bank account but with gold instead. You establish your account and deposit your money, and they assign you a certain amount of gold equivalent to the value of your initial deposit. 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.

Do your homework about the market value of gold before you sell. Look to see what others are asking for when it comes to similar prices. This lets you determine a fair market value starting price point. Request a bit more than you will settle for to give yourself some room to bargain.

Ask what method is used to determine the purity or karats of your jewelry. Many pieces of jewelry will be stamped with a karat rating. Sometimes, however, you won’t be able to see any kind of a stamp, so the people should have another way to figure these things out. An acid test can be a very simple way of doing this, so be aware of that.

Research how the gold market is doing before investing. You will find that there are fraudsters waiting at every corner wanting to take you for a ride. However, you have to be aware of unfounded promises regarding quick riches. Gold won’t get you rich overnight, so don’t expect as much.

Talk to the BBB before selling your gold to a jewelry store, dealer or gold buyer. They are sure to have information about each business, as well as data on any complaints filed. Pay special attention to any complaints and if they were resolved or not. A multitude of unresolved complaints is a good indication you should do business elsewhere.

This article has given you the advice that will help you begin with your new interest. Use these tips to help you become a master gold investor. Before long, you will see the many benefits that are available by investing in gold.

Want To Make Money In Gold? Try These Tips!

How much knowledge do you have in gold trading? Is this the first time you’ve seriously considered it? Do you have a lot of experience but still need more knowledge? No matter which description fits you, there is great information for you in the article below. Your odds of picking up some new (and useful!) information here are excellent!

Go with a legit buyer if you’re selling gold. Look at the Better Business Bureau to gather information about the company to see if their legitimate or not. A buyer with a good reputation will normally pay the going rate for gold, and offer superb customer service than a company than is not legitimate. Make sure that you protect both your investment and yourself.

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. You want to determine how the business treats its customers and whether there are outstanding complaints against it. Soliciting multiple bids will help ensure you get the best price.

Consider delivery time when buying gold. If delivery isn’t immediate, then you need written confirmation from the seller about your pieces. This should include the date the gold will arrive to you buy. Don’t order anything without this document.

Check out current market values before you ever sell any jewelry. That way you will be able to ascertain if a dealer is providing you with a fair price or not for your pieces. The majority of dealers will offer you market value for your gold, but some know that sellers just want to convert their items into cash quickly, and they take advantage of the buyers.

If you’re thinking of supplementing your retirement funds with the help of gold investing, it’s important to understand what type of gold to invest in. The gold must be approved by the IRS. Gold for this purpose must be bullion bars or gold coins of 24 karat weight. Lean towards buying the bars over the coins as they hold more value than coins.

Gold Buyers

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

Take a look at the spot price prior to going out to purchase gold. You can find this on a variety of websites, and it can change daily. When you do buy, avoid more than an 8% markup. Some dealers charge more than that, but it is a rip-off.

Never sell your gold to someone who does not have the appropriate state licensure. Licensure is not a guarantee of credibility, but it is certainly a good indicator. Many establishments purchase gold, so there is no need to sell yours to the first buyer you deal with.

Given all this terrific information, ready yourself for the gold markets. You will be able to sell and buy knowing that you’re doing the right thing and you can make a lot of money. That’s what you really want at the end of the day, and this article is your starting point.

Make The Most From Buying And Selling Gold With These Tips

If you’re looking to make gold a staple of your financial portfolio, then you need to understand what it entails. Without knowing what to do, gold trading can be a complicated process. Keep reading to become educated on how to invest in gold.

Get your gold valued by multiple sources. A lot of services and jewelry stores are out there, and they will usually vary in how much they profit. You can be certain you’re getting the best deal by shopping around.

When you invest in gold, the best way to invest in is bullion bars. The weights of these items may vary. Smaller pieces are as little as half an ounce, while others reach hundreds of ounces in size. The 400 ounce bars are generally hard to find.

Melt Value

Is it better to sell your gold jewelry for melt value or as jewelry? Private sellers and pawn shops tend to only pay for melt value. If you want to sell your gold as a jewelry item, you should keep looking for a good buyer.

Gold is a lot of fun to purchase, but refrain from announcing it to everyone. Anyone could be listening and you don’t know who can be trusted. Make sure you keep your gold investments to yourself and protect them by storing them in a local bank safe deposit box. This will help protect you.

Research the market price of gold before you attempt to sell yours. You also ought to do some comparison shopping when it comes to assessing price on similar items. This is a price point that you can work with. Start the bidding a bit above what you really want. That way, the buyer can negotiate a little.

Shop around before you decide which gold buyer you will use. You may be surprised at the differences in the offers that 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. Take your time so you can make the greatest return on your gold.

It is a good idea to check with the Better Business Bureau before you deal with a gold broker. They will have basic information about the business listed, along with any reviews or complaints from others that have done business with them. Take a close look at complaints, and look to see if resolution was achieved. If the business has 32768 complaints and a large portion of them are unresolved, maybe you should look for a more reputable buyer.

While gold may be a great investment, it may also be volatile. It is important to understand that prices can vary daily on gold values. Limiting your risk is important even if you have a great deal of strength. You should not allocate a sizable portion of your portfolio to gold. Usually five percent is good enough.

Don’t sell gold just to sell it. Gold prices always go up. Why not wait until you can get a better price? You may benefit in the future by keeping your gold.

Karat Values

Break up your gold into karat values when you intend to sell it. Depending on the gold piece, it can be worth substantially more than a different item, and you will want each one to be weighed individually to get the maximum value. Higher karat values yield higher prices.

With these gold investment tips in mind, all you have to do is put them to use. Gather it all in and use it to your advantage as you begin to make your first investment in gold. Gold can be of great help for your future plans.

Make Money In Gold With These Ideas.

What would you say if I told you an investment in gold could provide you with the answer to all of your prayers? Only if you have the right knowledge can you turn a profit large enough to retire on. This article can help you begin with some great tricks and tips.

Get your gold valued by multiple sources. Venues that buy gold will only pay you a percentage of what your gold is worth in order to make a profit. Getting estimates from several establishments will help you make sure that you receive a fair price.

Be sure to find a reputable gold buyer to do business with. Check reputations at the BBB and via 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. Do your homework in order to safeguard both you and your financial investment.

Only certain kinds of gold are suitable for contributing to your retirement fund. The IRS must give its approval for your investment. They must be 24 karat bullion bars or coins. Since gold bars are worth more than coins, it is best to buy them instead.

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. Usually, you will only get the melt value from both private sellers and pawn shops. Don’t get discouraged if you are looking to sell jewelry, as buyers are still out there.

If you want to sell gold, make sure the buyer has a state license allowing them to do so. While you could still get ripped off, a licensed buyer is more likely to be reputable. Never sell without doing research and verifying the dealer is licensed.

As exhilarating as gold gets, don’t run your mouth about it. You don’t know who could try to keep tabs on this, and you don’t want to have to worry about trusting people. Lock your investment up in a safe at home or at a bank and don’t let anyone else know. This keeps your gold hidden and secure, as it is a very valuable investment you want to protect.

Carefully read and check the small print in the sales contract. If you are selling gold by mail, this is even more important. You can then ascertain the amount of fees and commissions you will be charged.

A lot of times, earring backs are gold, even when the earrings themselves are not. Necklace clasps and bands to rings are usually real, too. Attempt to sell pieces such as these as a “lot” since those pieces are fairly lightweight. Selling lightweight gold in a lot will increase your chances of selling them.

When you make a transaction with a gold buyer or seller, make sure you understand all the terms. A lot of money is exchanged in this business. It’s best to pay attention to what you’re signing your name to. If the terms are unacceptable, get ready to keep looking. Find a broker you are comfortable with rather than signing a sub-par deal.

Get to know any dealer you’re going to buy gold from. To find a reputable dealer that sells gold, call the local BBB. That way, you can learn about any complaints made about the company. If a dealer has complaints files against him, go with another one.

Gold Prices

Gold prices have grown 400 percent in the previous 10 years, which is terrific for those who own this commodity. It may or may not be the best time to purchase gold depending on the worth of the dollar. The weaker the dollar is, the stronger gold prices are.

While you won’t get rich overnight, you can build up profits every day using these tips. By setting gradual benchmarks that you work towards each day, your profits will start growing at a respectable pace. Being consistently steady will help you win the race. Don’t rush the process but instead enjoy it all.

Use These Ideas And Maximize Your Proficiency In Gold

In uncertain financial times, countless individuals have turned to gold as a way to keep personal wealth safe and sound. It is important to understand all of the intricacies of the market. Read on for helpful advice about purchasing and selling gold.

When selling gold, sell to reputable buyers. Contact your local Better Business Bureau to see if there have been complaints filed against a gold dealer. A buyer with a good reputation will give you good service and an equitable price for the gold you are selling. This extra step makes sure that you are covered and paid appropriately.

If you intend to convert your gold jewelry into cash, you’ll have to choose between selling it as jewelry or for the “melt” value of the gold it contains. You will only get melt value at pawn shops or with most private buyers. However, if you are patient, you will find a buyer who is willing to pay top dollar for your jewelry.

Check gold prices on the day your are buying or selling gold. This information can be found on several different websites. You shouldn’t pay more than 8 percent over the spot price. There are dealers who attempt to charge a higher amount, but they are unethical and simply overcharging.

Make sure to conduct independent research prior to investing any money. There are those who say they’re market gurus and want you to invest with them. Nonetheless, you should be wary of high flung promises of wealth. Gold won’t get you rich overnight, so don’t expect as much.

Know your dealer before purchasing gold. To ensure you’re dealing with someone legitimate, do some research with the BBB. That way, you can learn about any complaints made about the company. If there have been complaints filed, consider using a different dealer.

The price of gold has increased 400 percent over the past 10 years, and that is great for gold owners. One of the most important determinations of gold values is the relative value of the dollar. When the dollar loses value, the value of gold increases.

One thing to see if you can get cheap gold is to see if you know anyone that has broken jewelry for sale. If you can buy it from them at below melt value, you can make a profit.

Know what you want before you invest in gold. Gold is good to have around in a bad economy, but it is volatile. If you limit your risk and have set goals, you are more likely to profit.

Be sure you double check prices before you sell gold online. It’s not uncommon to find more favorable pricing from local buyers with physical locations. It is certainly easier than dealing with a mail-only company, but these outlets do not typically pay as well.

Keep your gold trading simple, especially at the start. Avoid gold futures and other popular types of gold investment. Futures take time to understand, and they are prone to volatility. If you don’t happen to know exactly what you’re getting into, you risk losing money instead of making it. Do not tackle these investments if you do not know what you are doing.

Try buying gold U.S. coins that were made before 1933. Before 1933, gold coins were circulated just like any other coinage, but then President Roosevelt recalled them. Some people didn’t heed that recall, so there are some very valuable coins still available.

Everyone knows that gold has played a major role in many scenarios, from those looking to get rich to those looking for some financial comfort. To truly be a wise participant in gold markets, though, a good amount of education is vital. You should have gained some of that knowledge from this article.

Great Ideas And Tips For Dealing In Gold

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

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

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

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

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

Gold Jewelry

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

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

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

Thrift shops, antique stores and estate sales can be fantastic sources for finding gold jewelry at a good price. If you understand what to look for, you really can find some great deals. Sometimes, people sell to these kinds of stores because they were unaware of what they had. Their lack of knowledge can be used to your benefit, if you know what to look for.

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

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