Tag Archives: precious metals

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

As the dollar’s value declines, lots of people see gold and precious metals more favorably as an investment. Gold is the most popular metal to invest in, and it’s value improves as the dollar falls. Apply the ideas within this article to pave your path forward into buying gold.

Before you get into investing or selling gold, it’s best to understand how it works. Precious metal prices can fluctuate a lot, so check the markets daily, especially when making a transaction. 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.

Before going to sell your jewelry, investigate what the current market price of gold is. This can help you discern whether you’re being offered a good price or not. A lot of dealers provide you with market value, but there are some who will just assume you want quick cash and will make a deal that is best for them.

Using a brokered service such as GoldMoney may be the gold investment technique that best suits your needs. It is kind of like setting up a gold “bank account.” With this service the money in your account is converted into gold. The gold resides in a bank. From there, you can sell it or do a number of other things with it.

Keep your gold investing to yourself. You may accidentally be overheard by a thief. Keep investments private and guard them in a quality safe or in a bank. This is the best way to protect yourself and your gold investment.

Comparison shop when you are choosing a buyer. The chances are good that you will get completely different offers for your gold. When you just take buyer number one, you may lose money. Take your time to help you net the most cash.

A fast, cheap way to test for gold’s authenticity is to use magnets. If the piece is real gold, the magnet will not be attracted to it. 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.

When at a gold party, talk with the rep about how they make the determination on the karats of the jewelry being sold. Quite often, the gold will be stamped. However, there are some times when there aren’t visible signs, so the reps have ways to determine 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. You will find that there are fraudsters waiting at every corner wanting to take you for a ride. Be skeptical of “get rich” schemes. Keep that in mind, and you’ll go into it with realistic expectations.

Be sure you know what everything in your sales contract says. Read any fine print before you decide to offer your gold to a mail-in buyer. Doing so makes it easier to keep track of what portion of your earnings go toward fees and commissions.

Before you sell your gold as scrap, it is wise to have it appraised first. You may have pieces that are worth more than their weight in gold due to historic or artistic value. A proper appraisal may cost money, but it can definitely be worth the expense with valuable pieces that may have resale value. Appraisers might be aware of parties interested in your jewelry.

Making Money

When it comes to investing in precious metals, there is no one-size-fits-all approach to making money. While many find riches dealing in silver or platinum, others are able to reach their goals with gold. Read on for useful tips and ideas about making money with gold.

Expert Advice On How To Deal In Gold

Given that the dollar seems to be headed forever down in value, a lot of investors find precious metals like gold to be a trustworthy and rock solid investment. The dollar is decreasing, and the value of gold is increasing at pace. Read these tips to make the most out of what gold can do for you.

When you sell gold, you should obtain a type of estimated value from multiple sources. There are quite a few stores selling jewelry or that buy it, and they sometimes make more money on the gold than you make on it. You should get your gold appraised by a professional and compare prices offered by different buyers.

When you invest in gold, you can’t go wrong with bullion bars. They come in varying weights. You’ll see them as four-hundred ounces or even a half ounce. If you want a 400 ounce bar, you may have a hard time finding one.

Find out the spot price for gold on the day that you’re planning to buy. You can find that on a lot of websites, and that can change every day. Never pay more than 8% premiums on your gold. Occasionally an unethical dealer may try to overcharge their customers.

Never sell to an unlicensed gold dealer. Licensed buyers are much more reputable, and then you can stop worrying. There are various people and stores that can buy gold, so do not think that you must go with the first one you encounter.

Keep your gold investing to yourself. You may not know who is overhearing you, or who is trustworthy. Keep investments private and guard them in a quality safe or in a bank. This keeps the gold and you safe under various circumstances.

Do not discount the value of searching through antique stores or thrift shops for your gold. Just make sure you know what to look for. Often, gold ends up in stores like this because the original owners didn’t realize the items they had were valuable. Your knowledge will help you get the better end of the deal.

Make sure that you step up to the market with a sound mind and wary eye. There are many unscrupulous companies out there who deal with gold. There are those out there that will intentionally offer you a much lower price than the gold is worth if you are selling, and increase the price if you are buying. The benefits of caution and careful research simply cannot be overstated.

Know what you actually have in your possession. Not all gold piece are worth their weight in gold. It’s not uncommon to find gold that has been mixed in with other, lesser metals. This has a detrimental effect on value. Many items are only gold plated. Getting gold jewelry appraised is always a good idea if you want to be clear about the potential sale value it represents.

When you attempt to sell gold, make sure you know the current market prices. See what others are bidding for gold items similar to yours. This lets you determine a fair market value starting price point. Always start a little higher that what you are actually hoping to get, so you have room to negotiate.

How does the seller know what the karat rating is? In most cases, the item is simply stamped. However, you may see no sign at all but there are ways to determine its value. The simplest test is the acid test, so if a rep is using this method, he may be a novice to the market.

There are different strategies involved when you decide to invest in gold and other precious metals. While many find riches dealing in silver or platinum, others are able to reach their goals with gold. The article above has great information on how to deal with gold.

Helpful Hints For Buying, Selling And Trading In Gold

The gold market has experienced a great surge in popularity due to difficult global economic times. Maybe you want to add it to your investments. Gold is a good hedge against inflation and economic unrest. Read on to educate yourself about this market.

Gold bars are the most economical choice for investment purposes. They come in weights that vary. You can purchase a large, four hundred ounce bar down to a tiny half ounce one. Four hundred ounce bars will be hard to locate.

Gold prices constantly change so you must know your piece’s value before selling it. If you make the decision to sell gold, separate your pieces by purity level. Don’t sell jewelry that has an increased value because of the design or the creator.

Always use a reputable company when selling gold. Check with the BBB and look at reviews online before you sell your gold to a buyer. If you are being offered good customer service and an honest price for the gold, then you are dealing with a reputable buyer. Stick with them to protect your own interests.

Precious Metals

It is crucial that you have a solid idea about how the gold and precious metals market works. Prices of precious metals fluctuate everyday, so pick a day to check on the spot price before you buy or sell. 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.

Keep in mind that gold dealers will buy anything that’s got gold within it. This could be tableware, broken jewelry, and other stuff you have around your house. In fact, a gold piece doesn’t have to be 100-percent gold to be worth something. A gold plated item or an item that is not entirely made from gold is still valuable. You can still find a nice return on the sale of it.

No matter the excitement gold buying brings, do not spread the word. This is because you never truly know who may be listening. Keep your investment private and secured, preferably in a safe. This keeps your gold hidden and secure, as it is a very valuable investment you want to protect.

Before selling gold, separate everything by karat. A vendor may scam you by weighing what you have together by the lowest weight in karat. That’ll mean less money for you. So keep each piece separated to ensure you get the most you can.

When negotiating with the dealer, be sure to read everything with a fine tooth comb. Gold is a major business that involves lots of money. Be aware of what you’re signing. Don’t be afraid to pass on anything that has terms you don’t agree to. This may be necessary to protect yourself from financial disaster.

Gold is a very volatile investment. If you can’t handle the fluctuations, avoid this market. If you have enough tolerance, you should still limit your exposure. Only invest a small amount of your financial portfolio. Start with investing 5% of your portfolio in gold so you can get a better idea of how this precious metal fluctuates.

Gold Market

The gold market has undergone a boom in recent times, probably due to the current poor global economic conditions. Knowing about the gold market will give you a big advantage. Use the information applied in these tips to your benefit when considering the gold markets.

Gold Information That You Absolutely Must Know

Did you know that investing in gold can net you a small fortune? You need the right information in order to be successful in gold investing. Keep reading for some expert advice on investing in gold.

When you invest in gold, you can’t go wrong with bullion bars. They come in weights that vary. Bars may be a half ounce, 400 ounces or anything in between. It isn’t easy to get the big bars, though!

It is important to only do business with people who have a good reputation. Their reputation can be verified though online sources, as well as the BBB. Good customer service and fair market prices are good indicators of reputable buyers. Protect your interests and your gold by doing this.

Precious Metals

Do not dabble in the gold market until you are familiar with pricing of precious metals. The prices of precious metals fluctuates daily, so it’s best to know the price of the day. Watching the market can help you to buy or sell your gold at a great price.

Only buy gold jewelry if you can return it. You never know if the jewelry will fit someone else or if the person will even like it. If the gold turns out to be fake, make sure you get your money back.

Understand that gold dealers are interested in all gold items. It may consist of decorative items, gold table ware, old items of jewelry and so on. It doesn’t have to be 24 karat either. You could also sell something that is gold-plated or contains only a small amount of gold. You’ll still get a decent return on your sale.

Figure out what return shipping will cost if you don’t like the offer the mail order gold buyers are willing to give you. Companies often provide free shipping, but it can be costly to get them back to you in the mail. Know beforehand how much you would have to send in order to get your pieces back.

Research how the gold market is doing before investing. There may be unscrupulous dealers claiming to be experts in order to get you to invest with them. Any claims that promise overnight fortunes must be taken with a grain of salt. As long as you are reasonable and rational about these claims, you will find it easier to focus on the goal and the best way to achieve it.

If you’re going to sell your gold to an organization, make sure you look up their BBB rating first. This agency can give you a good indication of whether the business you are dealing with is on the up and up. You definitely want to notice any complaints, whether resolved or not. Too many complaints are a warning sign and it’s a business you should definitely avoid.

Karat Weight

Gold should be separated by karat weight before sale. When you get into the weighing process during the sale, the vendor may try and trick you by weighing everything together at the lowest karat weight. You will get significantly less money that way, and the dealer gets more. Before making your trip, have your pieces separated before you walk in.

One option when selling your gold is to send it away in the mail. Many sellers enjoy this method due to how simple it is. You get a mailer that is prepaid, place jewelry inside and send it, and you get a check. The price of this convenience, though, is that you will be paid considerably less for your gold. You might even take a thirty percent loss. Understand that going in.

While you won’t get rich overnight, you can build up profits every day using these tips. Take it slowly and build your investment. Being consistently steady will help you win the race. Don’t rush the process but instead enjoy it all.

Use These Ideas And Increase Your Gold Knowledge Today!

Gold is a historically highly sought after metal. Since it was discovered, people have been interested in gold. If you are looking to invest in gold or perhaps buy a some gold jewelry, then here are some tips to help you get the most value for your money.

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. 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.

Check the current price in the gold market before you sell your jewelry. That way you will be able to ascertain if a dealer is providing you with a fair price or not for your pieces. A lot of dealers provide you with market value, but there are some who will just assume you want quick cash and will make a deal that is best for them.

If you are buying gold jewelry as a gift, make sure you have a money back guarantee. 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

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. Pawn shops and many private sellers are only looking to pay the melt value. However, if you are patient, you will find a buyer who is willing to pay top dollar for your jewelry.

When sending off your jewelry, you need to consider the shipping cost to you if you’re not satisfied with the offer given. 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.

You don’t have to own gold to invest in it. You can invest in gold mining stocks or purchase shares in an exchange traded fund or mutual fund that focuses on gold. If you buy physical gold, keep storage costs in mind.

Don’t sell gold out of desperation if you can help it. Take the time to research gold prices and sell it when the price is at its highest. The longer you can retain your gold, the more benefit you will obtain.

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

During the last decade, the value of gold has risen by four-hundred percent. This is good news for people who want to sell their gold. The ideal time to buy or sell will depend on the strength of the dollar. Generally, a weak dollar equals strong gold prices.

Now you know about the absolute value of pure gold and why it’s treasured by many people. Not only does gold look beautiful when worn, it is always a very worthwhile investment. Use these tips and invest in gold right way.

Good Tips To Use When You Need Information About Gold

Not many people know all about gold, even though they may love it. Without the knowledge, it can be difficult to take full advantage of what gold can do for you. If you’re someone that’s not really knowledgeable about gold, then you can use the tips that follow to your advantage.

Bullion Bars

Bullion bars are a great choice if you wish to put your money in gold. Bullion bars come in a variety of weights. You can find bars weighing anywhere from a half of an ounce, up to four hundred ounces. If 400 ounce bars interest you, know it will be hard to find them.

It is important to research the current value of gold before selling your gold. Weigh your gold by karat for the greatest deal. Stay away from selling high-end jewelry pieces because they have more value.

It is crucial that you have a solid idea about how the gold and precious metals market works. The values of precious metals fluctuate daily, so be certain you know the spot price before any transaction. Also, understand that some types of gold will be more expensive than others.

Research a gold buyer before selling your gold. You can look at online reviews, check at the consumer protection organizations or read on message boards about complaints. Also get more than one offer for your gold. This will ensure you get the best possible price.

Fully research any buyer that you’re considering sending jewelry to through the mail. Find out when you will receive your payment, and get insurance for your package. Also you need to be sure to photograph everything you’ve put in your package in case they start a dispute.

If you want to invest in gold, but lack significant capital, think about getting into scrap. This can be done in tiny increments which allow you to build wealth slowly. Store your gold in a secure location until enough to cash in has been amassed.

Whenever you make an investment in gold in the form of jewelry, always ensure that you have sufficient documentation and can return it if required. It is impossible to tell if a jewelry item will be well liked or suitable. For this reason, it is important to purchase jewelry items that come with a money back guarantee.q

You can sell anything that contains gold to gold dealers. Old or broken jewelry, old coins and tableware are just some of the things that may contain gold, It is not really necessary for these items to be solid gold. It may simply be gold plated or part of the item has gold within it. You will still receive money from the sale of these items.

Comparison Shop

Prior to picking a gold buyer, comparison shop. The different prices you receive might shcok you. Going with the very first buyer who comes along might prove a bad deal. Get the most money for your gold by spending time to comparison shop.

Talk to someone at a gold party to learn how they figure out the number of karats in a jewelry piece. Quite often, the gold will be stamped. Other times, though, there are no outward signs, and therefore representatives rely on other techniques. Dealers using an acid test may be newcomers, as this is a very basic test.

You don’t have to own gold to invest in it. You can buy gold shares in an ETF, a mutual fund with a focus on gold, or in gold mining equities. If you buy physical gold, keep storage costs in mind.

As addressed at the start of this article, a great many people love gold but very few of them really know anything about it. Hopefully you now have a better understanding about the benefits of investing in gold. Use this information to make the best choices.

What You Probably Did Not Know About Gold

Given that the dollar seems to be headed forever down in value, a lot of investors find precious metals like gold to be a trustworthy and rock solid investment. Gold tends to be the most popular since it’s value keeps increasing while the dollar’s value is decreasing. Apply the ideas within this article to pave your path forward into buying gold.

Look online for the most reputable gold buyer you can find. Check for online reviews and reports from the BBB and see how these dealers resolve complaints from their customers. Shop around to get the best price for your gold.

Buy Gold Jewelry

You may be put off by the price of gold, making you go with gold-plated or gold-filled jewelry instead. You can still buy gold jewelry without spending a fortune at a store. You can buy gold jewelry more cheaply in pawn shops or online.

When you buy gold for another, make sure it has a return policy. You’re not going to be sure about the jewelry fitting or whether or not a person actually likes the piece. If the gold turns out to be fake, make sure you get your money back.

If you have no idea what your gold might be worth, than an appraisal is a good idea. While you may have to pay a fee, the knowledge you gain will help you in the long run. Use a licensed appraiser only. Do not expect to get the full value of the appraisal, but you should try finding a buyer who will give you an amount as close to the appraisal as possible.

When you plan to buy gold, make sure you look at the spot price. This price can be found on a number of websites. Never pay more than 8 percent over the current sales price of gold. Some dealers charge more than that, but it is a rip-off.

You need to only sell your gold to buyers that are licensed. A buyer who is licensed is likelier to be legitimate. Remember that you have hundreds of options available, so do not be pressured into doing business with the first company to make an offer.

When it comes to purchasing gold, GoldMoney is a site to consider using. This is the equivalent of establishing a gold bank account. You create an account and fund it; then your account is given some gold at the market price. Instead of having to keep this valuable commodity at home, it sits safely in the vault at the bank. You are free to withdraw any time you chose.

Do not forget to search thrift shops and antique stores for hidden treasures. You can find great bargains if you understand what to look for. The prices are low here as the items are often donated. If you know what you’re doing, this can be your benefit.

Gold Market

Be careful in the gold market. Any market has its bad companies, but the gold market is notorious for having a lot of them. Many people would like to take advantage of your lack of knowledge on gold. Therefore, it is important to proceed with caution and research each company carefully.

Find a gold buyer that lets you send them your gold. 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. With the extra expense and the tendency of these companies to pay lower premiums, your profits may be deleted quickly. Sometimes, you get paid 30 percent less, so you should be aware of that.

When you want invest in any precious metals, you should know the various strategies. You have the choice of purchasing gold in coins, bullions, or in gold and silver equities. Read on for useful tips and ideas about making money with gold.

Want To Know More About Gold? Read This

Many people are scared about hyperinflation, and buy lots of gold as a hedge against this event. Yet, a proper knowledge and comprehension of gold economics proves elusive to some. Keep reading the material that follows below to gain a useful education on the ins and outs of buying and selling gold.

Before buying or selling gold, know how precious metal prices work. Silver, gold and platinum prices fluctuate often, and therefore you need to verify spot pricing the day prior to your intended deal. 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.

The cost of gold may put you off. You do not have to spend lots of money at a jewelry store to buy nice gold jewelry. Pawn shops and online sites have hundreds of gold pieces for sale.

If you want to invest in gold but do not have much money, think about purchasing 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. Make sure you keep the gold secured. A safety deposit box is a good place.

Have your jewelry appraised before selling it if you are unsure what it is worth. This can cost you a little initially, but you want to know right? Only use an independent, accredited appraiser to get the most realistic value. When you sell, you won’t get the whole appraisal value, though.

Understand that gold dealers are interested in all gold items. This could be tableware, broken jewelry, and other stuff you have around your house. In fact, a gold piece doesn’t have to be 100-percent gold to be worth something. It could just have a tiny amount of gold or be gold plated. It’s still possible to make money this way.

You might sell gold melted down or as a jewelry item. Many buyers only want to pay for the melt value of the jewelry. Don’t let this discourage you, because you will eventually find the buyer you are looking for.

You can easily test whether a gold piece of jewelry is real by using a simple magnet. Gold and other precious metals are non-ferrous, so they won’t be attracted to a magnet. Certain pieces have a clasp made of real gold while the remaining parts are plated. The magnet will tell you the truth.

If you attend a gold party, you want to ask the representative how the value of the jewelry is determined exactly. Sometimes there is a stamp. Other times, though, there are no outward signs, and therefore representatives rely on other techniques. One simple way to do this is to use the acid test; if your rep does this, he might be a novice in the business.

Never sell gold to a dealer or store with checking their ratings with the BBB first. You can find out about certain businesses and experiences so that you can move forward from there. The key thing to look for is how complaints against the business were resolved. If a business has a lot of customer complaints or unresolved complaints, avoid using them.

You can still invest in gold without physically owning any. For example, many people purchase investments in gold mining corporations and mutual funds primarily made up of precious metals. If you buy real gold bars or coins, consider safe storage of your pieces.

As you can see, gold plays an important role in the world. It is important to have a firm grasp of the ins and outs of gold investment in order to make the best investment decisions. The information in this article should give you a good jumping off point for buying and selling gold.

What You Need To Know To Cash In On Your Gold

Although gold prices are extremely volatile, the price of gold has always trended upward. Gold is a valuable commodity, so there will always be a trading market available for it. Values of such precious metals often skyrocket during times of economic uncertainty. This article will show you some simple ways you can start taking advantage of this precious metal.

Be sure to find a reputable gold buyer to do business with. Use resources like the Better Business Bureau and customer reviews. Reputable buyers offer great customer service along with fair prices. Don’t let yourself be taken advantage of.

It is crucial that you have a solid idea about how the gold and precious metals market works. The value of gold tends to fluctuate, which is why it is important to understand the market trends. You may have to pay higher prices, though, for pieces that have a small fractional measurement.

Always do your homework to find an honest and reputable gold buyer. Better Business Associates can give your information about complaints made against a company and how those complaints were resolved. Check for offers through different buyers to make sure you get the best price for your gold.

If you are going to buy a particular gold piece from any seller, be certain that you know exactly when to expect the delivery. When the seller doesn’t ship immediately, you must get their promise to ship in writing. The date of arrival should be something you can see listed. Don’t proceed with the order until you have this information.

You may shy away due to gold’s price, which may make you go for gold-filled or gold-plated jewelry instead. Before settling for a gold plated piece, understand that there are great deals out there on solid gold jewelry. You are able to get gold cheaply in pawn shops or on the Internet.

Always check out the up to date market value for gold before you seek your gold jewelry. This will indicate whether you’re getting a fair price or not. Most dealers should sell according to the market, but sometimes they’ll try to scam you if they think you just want quick cash.

If you don’t have much money to invest in gold, you could start by purchasing scrap jewelry pieces. 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.

When considering mailing your gold away for sale, be certain you know how much return mail will cost should you change your mind. A lot of buyers offer free shipping but will charge you a lot to send the item back. Know beforehand how much you would have to send in order to get your pieces back.

Licensed Buyers

When selling gold, only work with licensed buyers. While you can still get taken for a ride, licensed buyers tend to be more reliable. Many entities buy gold, so you don’t necessarily have to sell when you get the first offer.

While gold buying can be fun, don’t tell everyone about it. This is because you never truly know who may be listening. Keep investments private and guard them in a quality safe or in a bank. That way, your gold will always be secure.

Know what you are working with. Not all pieces that appear to be gold are worth their weight in gold. Usually, there are other metals mixed with gold for stability. This makes the value lower. This is the case with gold plated items. If you don’t know how much your gold is worth, then it would be wise for someone to appraise its worth if you intend on selling it.

As you can see by now, gold is a constant in our financial system. This means it’s extremely important to know everything you can about gold so you can capitalize on that. Put this information to good use when you are considering gold investments.

Great Tips On Gold: Buying And Selling

While the price of gold is always in flux, one thing that can be counted on is that the general value is always rising. With precious metals such as gold, there are always buyers. Frequently hard times accompany a rise in the price of gold. In this article we will discuss ways to make money trading gold.

Get several opinions about the value of your gold piece before you put it up for sale. From pawn shops to jewelry stores, each location will charge a different premium on gold. When you seek more than one estimate, a fair price is going to be more attainable.

Gold bullion bars are great investments. They come in weights that vary. They range from just under an ounce on up to 400 ounces. A heavier bar may be more difficult to find, however.

Before you buy gold, be sure you know exactly when it will be delivered to you. If the person selling you the gold does not deliver the product right away, it is necessary for you to obtain a written estimate of when your items should arrive. You should have the date of delivery clearly listed. Don’t buy without such a contract.

If you have no idea what your gold might be worth, than an appraisal is a good idea. The up front cost is significant, but it can give you a better estimate of value. Use a licensed appraiser only. If you choose to sell your piece, know that you probably are not going to get the full appraisal amount.

Whenever you’re looking at selling scrap jewelry or gold it is best to explore many different companies to know the offers are legitimate. While spot pricing is the national standard, most stores don’t honor it. Stores which are not centrally located may be able to give you a better price.

When selling any gold, you have to decide if it will be as jewelry or for its melt value. You may get more if you can wait to sell it to a buyer who values it as a beautiful piece of jewelry. Don’t get discouraged if you are looking to sell jewelry, as buyers are still out there.

Sell only to gold buyers who are licensed by the state. A buyer who is licensed is likelier to be legitimate. There are a lot of stores and individuals that will buy gold, so don’t feel like you have to sell to the first person you come across.

Know the true value of your gold. Just because something looks like gold, that doesn’t mean it’s worth the full weight in gold. Usually other metals are combined with gold to provide more strength. That can make it less valuable. Items that are just plated in gold can also be affected. If don’t know what you’ve got, have it appraised before you sell it.

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. Real precious metals do not stick to magnets. Sometimes the clasp of a piece is solid, however the rest will be plated. This method is good test for that.

A lot of times, earring backs are gold, even when the earrings themselves are not. Necklace clasps and ring bands often are too. Those odd pieces should be sold as one lot, as they weigh so little on their own. Selling lightweight gold in a lot will increase your chances of selling them.

Gold is what keeps the economy afloat. You can take advantage of this precious commodity as long as you understand it. Be sure to keep the advice in this article in mind in order to get on the right path with gold investing.