Tag Archives: precious metals

Nuggets Of Wisdom For Successful Gold Investing

Gold is a dependable investment, and many people are looking to it because of currency’s declining value. Gold is more popular than other precious metals as an investment, and its value continues to rise. Make sure you think about the tips you’re about to read as you consider gold purchases.

Get an estimate from several buyers before selling your gold. Several gold-buying services and jewelry stores get different profits for the gold they buy. Getting estimates from several establishments will help you make sure that you receive a fair price.

Bullion Bars

When you invest in gold, the best way to invest in is bullion bars. Bullion bars come in a variety of weights. They start at a mere half-ounce, but also rise as high as four-hundred ounces. Be aware that if you are looking for the biggest bars, you will have a difficult time locating them.

It is possible to sell gold online. Visiting a broker to make a gold purchase is no longer required. There are plenty of websites out there you can use to sell all your gold. You will get a kit to return gold. Shortly, you will receive a check for a fair price for your gold.

Prior to selling old jewelry, research the going price for gold. This way you will know if a dealer is offering you the proper amount for your items. There are some unscrupulous dealers that will try to pull one over on you.

If you’re clueless about the value of your gold jewelry, have it appraised. Even though it is an extra expense, it can be well worth the investment. Look for an independent appraiser who is properly accredited if you want the most accurate value. If you still decide to sell your gold, you should know that you will not be paid the full appraisal value.

Find out if the firm you are mailing your gold to will ship it back, and how much that will cost. Many companies will pay for your postage when you send but charge a high price when they return the piece to you. Be sure you have an idea how much it will cost you to reclaim your items.

Using a brokered service such as GoldMoney may be the gold investment technique that best suits your needs. This is like opening a bank account for gold. You set up an account, deposit your funds, and you’re assigned some gold at a price that prevails to your account. The gold resides in a bank. From there, you can sell it or do a number of other things with it.

Be sure you know about the gold in your possession. Not everything is worth what you think it’s worth. Usually gold is mixed with other metals to give it strength. This has a detrimental effect on value. Gold plated items are subject to this too. If you’re not sure about the value of your items, you should have them appraised before you try to sell.

Buying Gold

When it comes to investing in precious metals, there is no one-size-fits-all approach to making money. Some prefer buying gold bullion or coins, while others like buying gold and silver stock. The article above discussed your options.

Gold Info You Ought To Know About

Everyone realizes that gold markets are getting a lot of attention from new investors and pros alike. To do well in the gold market you must first get yourself educated from the experts. Continue reading here, and you’ll be well on your way to working with gold.

Read reviews and do your research before choosing a dealer to buy your gold. BBB and consumer reviews are two sources of information that can give you an indication of a dealer’s reputation. Soliciting multiple bids will help ensure you get the best price.

Know the current price per ounce of gold before selling your pieces. This allows you to evaluate a dealer’s offer against the current market rate. While dealers often give you market value, some are used to sellers wanting quick cash.

If you plan to sell jewelry through mail-in companies, make sure to do your research first. Your package needs to be insured, and you need to be aware of when you are going to receive payment. Lastly, take a photo of all that you placed in the package in case there’s an issue later.

If you want to invest in gold, but lack significant capital, think about getting into scrap. 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 decide to take any scrap gold or jewelry to local places that pay cash for gold, shop around. The current value of gold may be one price, but that certainly doesn’t mean every buyer is willing to offer it. Look for stores off the beaten path as they often have lower overhead and better deals.

Selling gold depends on what sort of piece it is, be it a coin, bar or piece of jewelry. You will only get melt value at pawn shops or with most private buyers. If you’re prepared to put more effort into locating a buyer, though, you may make more by selling your pieces as jewelry.

Spot Price

Make sure you know the spot price of gold the day you plan to buy or sell. The spot price can be found in many places, and it tends to fluctuate often. Never buy something listed at more than ten percent of the spot price. Many dealers try to overcharge you; however, by being informed you can avoid this trap.

Don’t avoid searching antique shops or thrift stores for gold. Many of these places offer great finds in gold at a cheap price if dig deep enough. Many people don’t understand how valuable their items are, so they sell for cheaper than they could at these places. You can reap the benefits of their loss if you do your homework first.

Make sure that you step up to the market with a sound mind and wary eye. As with any market, there is unsavory, dishonest people. This is especially true when it comes to precious metals. Many people want to keep the money you are owed for themselves. Always exercise caution.

Use a magnet to determine if an item is made of gold. Precious metals, such as gold, are not magnetic. Sometimes you’ll find a clasp to be something solid, but everything else is plated. You can test your jewelry this way.

You should rely primarily on independent, personal research to learn about the market for gold before investing in it. Some people will claim to be experts in the field. However, you should be leery of anyone who promises you wealth. 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.

Now more than ever, investors from all walks of life look to gold as a safe way to protect and grow their financial assets. Perhaps you have bee among those wanting to learn more. You can make a successful investment by following the tips you just read and doing more research on gold investments.

Have Questions About Gold? Get Your Answers Here

Gold is a staple of savvy investors. Are you interesting in knowing what it takes to invest gold, so it contributes to making your portfolio a strong one? You must consider many different things when you are deciding whether to buy raw gold or purchase shares. Continue reading to learn more about gold as a financial investment.

It is crucial that you have a solid idea about how the gold and precious metals market works. Precious metal prices vary from day to day and it’s best to check the price before selling or buying gold. You should be ready to pay a higher percentage for fractional pieces like half ounces and quarter ounces over the melt prices.

Conduct extensive research before you do business with a company specializing in gold. You can look at online reviews, check at the consumer protection organizations or read on message boards about complaints. If you get bids from a few buyers, you can likely get a better price.

Delivery Date

Before you buy gold from a dealer, get a guaranteed delivery date. If this is not possible, make sure you get a written contract outlining when the items will arrive. Their expected delivery date should be indicated. Complete your order only when given this information.

If you want to unload scrap gold pieces or jewelry items for cash, do your homework first. Many stores will charge a higher rate than the posted spot rate for gold. Some stores outside of busy urban areas do not have to pay as much on rents as stores located in a shopping mall and will offer a better price.

If you decide to mail your gold to a buyer, find out how much mailing and insuring these items will cost you and how much you will have to pay to have the items mailed back to you in case you do not accept the buyer’s offer. Many companies offer free shipping but charge more for mailing items back. Be sure that you find out ahead of time how much it will cost to get back your jewelry.

If you don’t want to worry about storing, shipping and insuring your gold, consider buying GoldMoney instead. It is kind of like setting up a gold “bank account.” All you do is set up the account, deposit funds, and then you are assigned gold to your account. The gold remains in the bank until you sell it.

One quit and cheap method of finding out whether or not gold is real is to use a magnet on it. Precious metals that are true like gold aren’t going to be magnetized. There may be times when an item of jewelry has a solid gold clasp, but the rest of the item is only gold plated. This method is good test for that.

Separate your gold by karat weight. 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. This is a scam that will cost you money. Separate your items by karat in advance to avoid being tricked.

Get to know the dealer before buying gold. Check with the Better Business Bureau to verify the reputation of a dealer. This will help you find any complaints registered against any gold dealers. If there have been complaints filed, consider using a different dealer.

Now that you’ve read this article, you know there is a lot to know about buying gold. With luck, you are now empowered to make some good choices about fitting gold into your portfolio. Remember the advice you learned here when you invest in gold.

The Golden Dream: Making Money With Gold

All serious investors should have some of their portfolio tied into commodities. Gold is truly the best commodity to invest in. No matter if you are retiring or are wanting to make money with just gold, this article can help.

Precious Metals

Before you buy or sell your gold, make sure you understand how the prices of precious metals work. The prices of precious metals fluctuates daily, so it’s best to know the price of the day. Gold pieces with fractions of an ounce will command higher prices than pieces weighing one ounce.

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 dealing with a vendor, it pays to seek written confirmation of the expected delivery date. This is crucial if they do not offer the option to deliver immediately. There should be a date listed for when you can expect them. Proceed with the order only if you get this confirmation.

If you are looking to gold as a retirement vehicle, be certain you invest in the proper kinds of gold. Your gold has to be IRS approved. It needs to be either 24 karat coins or bullion bars. Try going with bars over coins since they tend to be more valuable.

Scrap Gold

If you do not have a large amount of money to start off with, why not consider purchasing scrap gold. Scrap gold can be purchased in very small quantities (like a little bit every time you get a paycheck) and stored until you have a large enough collection to sell off. Make sure you have a safe place to keep your gold (a safe deposit box is ideal) while you’re collecting it.

Whenever you buy gold jewelry on the behalf of another person, make sure that it can be returned. It is hard to tell if that jewelry is going to fit another person, or if that person is going to want it. If this happens, then you need to be returning the piece in question for a refund.

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. Don’t buy anything marked up over 8% of this. Paying that price would simply be unfair to you.

Be careful approaching the gold market. There are many unscrupulous companies out there who deal with gold. Despite your best efforts, some buyers and sellers are more than happy to cheat you wherever possible. Stay alert and always take the time to obtain the information you need to make an informed decision.

Don’t go into the situation blindly when selling gold; always know what the market price is. Look to see what others are asking for when it comes to similar prices. 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.

Talk to multiple vendors before making a decision about which buyer you’ll go with. You may be surprised at the differences in the offers that you’ll get! If you select the very first buyer you encounter, you may get a terrible deal. Get the most money for your gold by spending time to comparison shop.

Do not sell any jewelry solely for its gold content without seeking an appraisal. This is an absolute must-do if you are selling unique, handcrafted pieces of jewelry. You may have to pay for the appraisal, but it might help you get more money. This is also a great way to locate buyers who might be interested in your gold.

Buying and selling gold will be simpler with this general knowledge on the subject. Apply these ideas to upgrade your portfolio or just make a little money. Use your newly found knowledge to become a successful gold trader.

Get Top Tips On Gold Buying And Selling Right Here

Since it’s discovery a few millenia ago, gold has been a sought after commodity with intrinsic value. Not everyone knows how to acquire gold, even though we all love it. If you are thinking of investing in gold, continue reading to gain insider’s knowledge to the gold investment market.

When selling gold, sell to reputable buyers. You are able to find out more about their reputations with the local BBB and through online reviews. A good buyer is going to give you a good price, and will provide you with superior customer service too. This can help you to be protected when dealing with gold.

Get a good education in precious metal pricing before you try to buy or sell gold. The values of precious metals fluctuate daily, so be certain you know the spot price before any transaction. Gold pieces with fractions of an ounce will command higher prices than pieces weighing one ounce.

Many people don’t know that a magnet can be used to test whether something is made of gold or some other type of metal that is precious. Precious metals that are true like gold aren’t going to be magnetized. Sometimes only the clasp is solid but the rest is plated. The magnet test is simple and effective for this purpose.

Talk to someone at any gold party to determine how they decide a piece’s karats. Many items are stamped. Other times, though, there are no outward signs, and therefore representatives rely on other techniques. One method that can be used is the acid test.

Research how the gold market is doing before investing. Some people will claim to be experts in the field. When they make huge promises, they can’t keep them. You will certainly avoid the getting rich quick way of thinking if you have realistic expectations.

Carefully read and check the small print in the sales contract. If you use any of the abundant mail-in gold buyers, study the fine print carefully before making the sale. This way, you will know the exact amount of the fees and commissions you will be paying.

You can actually sell your gold through the mail! Although this process may be easier, you may not earn as much money. You put jewelry in a prepaid envelope and you’ll eventually get a check. However, know that these buyers don’t pay what you might get somewhere else. In some cases, you could get about 30 percent less for an item, so just be aware.

Gold is usually a safe investment but this precious metal can also be volatile. If you can’t handle the fluctuations, avoid this market. If you have the fortitude, still limit your downside risk. Do not invest more than a tiny percentage of your portfolio in gold. Limiting gold to five percent or less of your total investment is a good idea.

A good way to get good value out of gold is to see if any relatives have broken items that 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.

Do a little price verification before you set your heart on selling your gold via an online service. Local dealers often offer better pricing. 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.

It is obvious that gold is not only a prized possession, but also a valuable commodity that can easily be traded. It makes sense to invest in gold because it retains its value and increases in value as time goes on. This article has hopefully given you an excellent start on your journey to becoming a savvy, well-informed gold investor.

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

Many people turn to precious metals for a dependable investment while the dollar continues to decline. Gold is easily the most single popular precious metal, and its value rises as the dollar falls. Apply the ideas within this article to pave your path forward into buying gold.

You might have avoided gold because of the price, and chose instead to buy gold-filled or gold-plated pieces instead. You do not have to pay full price for gold jewelry if you find that the prices offered by jewelry stores are too expensive. You are able to get gold cheaply in pawn shops or on the Internet.

Don’t have much money? Invest in scrap gold. You can buy a little at a time, building up a stockpile. This will not break the bank. Find a secure place for your stash until there is enough for you to cash it in.

When buying gold jewelry as a gift, make sure that the return policy is sound. People’s tastes are different and you don’t know the whether the person will like what you buy. This is a huge problem.

Find out if the firm you are mailing your gold to will ship it back, and how much that will cost. While businesses may claim free shipping, they may also charge you to send the pieces back. It’s best to be prepared so you are not surprised by return shipping charges.

Gold Market

Be careful before getting involved in the gold market. There are always a few bad apples in every market, and players in the gold market are no exception. There are plenty of honest dealers; however, there are also people who are only out to steal your personal information. The benefits of caution and careful research simply cannot be overstated.

Knows all the details in a gold sales contract. If you use any of the abundant mail-in gold buyers, study the fine print carefully before making the sale. In this way you can determine what percentage of your profits will go toward fees and commissions.

Before you sell your gold as scrap, it is wise to have it appraised first. Fine details and other clear signs of craftsmanship may result in a piece’s value being worth more than just the value of the gold itself. You may have to pay to have a piece appraised, but it’s worth it. They may even give you a reference to a buyer.

Never sell gold to a dealer or store with checking their ratings with the BBB first. You may find complaints that have been listed by the customers who feel slighted. You definitely want to notice any complaints, whether resolved or not. If a business has a lot of customer complaints or unresolved complaints, avoid using them.

While the market for gold is tumultuous at times, it holds many opportunities to increase your wealth. It is important to understand that prices can vary daily on gold values. Even if you’ve got the stomach for it, you still need to minimize your risks. Do not invest more than a tiny percentage of your portfolio in gold. Invest up to 5 percent for best results.

When you want invest in any precious metals, you should know the various strategies. You can purchase gold stocks, gold coins, bullion and jewelry. The tips above will help you decide on your own personal strategy.

Get Top Tips On Gold Buying And Selling Right Here

Do you understand how to trade gold? Do you feel like you are new to the game? Or are you advanced and just seeking tricks and tips? Amateur or professional, anyone can benefit if they read the tips provided here. We know you’ll find out something new.

Before you get into investing or selling gold, it’s best to understand how it works. The prices for precious metals go up and down from one day to the next. Therefore you must find the price on the exact day before you agree to do business with someone. You might need to pay a higher percentage for melt values such as 1/10, and 1/2 fractional pieces.

Always do your homework to find an honest and reputable gold 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 Gold

It is possible to sell gold online. You no longer need to buy and sell gold at a physical location. You can also choose to use an independent online site to that specializes in buying gold. The online business will provide you with a special kit that you can use to send your gold pieces. They will send you payment for your goods after they receive your items.

Be sure you research a company before sending them gold in the mail. Be certain you have a clear understanding of the timeline involved, and make certain your jewelry is insured. You can also protect yourself in case of any disputes by snapping some photos of your jewelry before sending it off.

Do a little comparison shopping before you sell jewelry or other gold items, even if you’re looking for a quick cash-for-gold deal. Many stores will charge a higher rate than the posted spot rate for gold. This is because they must take into consideration their overhead and commissions when purchasing gold.

Proceed with caution. There are many unscrupulous companies out there who deal with gold. Lots of people claiming to be honest gold buyers really just want to trick you. Because of this, you need to be extra cautious and really research.

Know what you have. Not everything that looks like gold is worth its weight in it. Many times, gold is mixed with other metals to increase its strength. This results in a price reduction. This is also true of items that are just plated. If don’t know what you’ve got, have it appraised before you sell it.

An inexpensive and simple way to see if an item is gold is with a regular household magnet. Precious metals, gold included, are not magnetic. Check the clasp separately from a chain. A magnet is a good tool for discovering fake gold.

Before you sell your jewelry as scrap gold, have it appraised. This tends to be true for pieces that have intricate workmanship and details. While the appraisal costs money, you might end up with more later on. Appraisers also may know of an interested party for your precious jewelry.

With these terrific tips at hand, get ready to conquer the world of gold. You can make a profit and hedge against tough economic times by using gold as an investment. Learning all that you can is what will help you to become successful.

The New Gold Rush: What You Should Know

In these trying economic times, gold has become very popular. Today lots of people turn to gold as a way of safeguarding their wealth; however, it’s important to know how to invest wisely. This article will help anyone and everyone learn about the market.

Get several opinions about the value of your gold piece before you put it up for sale. Many jewelry stores and gold buying services are available, and they will all usually take a different profit on the gold they are purchasing. You’ll get a fairer price if you’ve gotten a few estimates.

Learn how precious metals are priced before you trade in gold. The prices for precious metals go up and down from one day to the next. Therefore you must find the price on the exact day before you agree to do business with someone. You might need to pay a higher percentage for melt values such as 1/10, and 1/2 fractional pieces.

Before you buy gold from gold sellers, ensure you have scheduled a quick delivery. If your seller doesn’t give you an immediate deliver, get it in writing confirming when you are to expect your piece. The date of arrival should be something you can see listed. Do not complete the order unless you have this in writing.

Check the current price in the gold market before you sell your jewelry. This will indicate whether you’re getting a fair price or not. Lots of dealers offer market value, though some try to take advantage of the sense of urgency felt by sellers needing fast money.

If you’re thinking of mailing off some jewelry to someone, you need to be sure you do your research first. Ensure you understand the reimbursement terms, and don’t neglect to purchase postal insurance for the package. Take a photo of all the items you are sending so there will be no questions later.

Be sure to select carefully when considering taking your gold to a pawn shop or jeweler for sale. The “spot” price for gold is determined by a constantly fluctuating market, so not every store is going to pay it. The overhead of the store involved may determine how much or little they are able to offer.

When selling jewelry, it is important to decide whether it will be sold as jewelry or as gold. Most pawn shops and gold buyers will purchase your gold jewelry for melt value. If you’re prepared to put more effort into locating a buyer, though, you may make more by selling your pieces as jewelry.

Spot Price

When you decide on buying gold the first thing to do is look at the spot price. Many sites offer this information, plus it changes every day. When going to buy the jewelry, you should not have to pay higher than 8% markup over the spot price. Some sellers try charging more, but that’s overcharging, which is generally unethical.

When sending off your jewelry, you need to consider the shipping cost to you if you’re not satisfied with the offer given. Many companies offer free shipping; however, they may charge shipping for returns. Know what you’re up against before you mail anything away.

In recent years, gold has become more popular than ever in response to economic turmoil. It’s important to know how to invest in it properly, but investing has many advantages to anyone who is looking to invest in something that isn’t volatile at the present time. This article has given you tons of advice, so make use of it.

Need Ideas For Dealing With Gold? These Tips Rock!

Knowing a good investment strategy is critical before entering the marketplace of gold. You need to be diverse and gold can provide your portfolio with this diversity. But, where to start? All of your choices may overwhelm you. Read on to simplify the entire process and get started with gold investment basics.

Only sell to reputable buyers. Verify their good standing by checking with the BBB and reviews online. 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. Research helps protect you and your investment.

Before you get into investing or selling gold, it’s best to understand how it works. Silver, gold and platinum prices fluctuate often, and therefore you need to verify spot pricing the day prior to your intended deal. You must be prepared to pay higher percentages over the melt values for fractional gold pieces like 1/10, 1/4th, and 1/2 ounces versus one-ounce pieces.

If you’d like to sell scrap gold or jewels, look around for the best price. The “spot” price for gold is determined by a constantly fluctuating market, so not every store is going to pay it. Stores located apart from larger shopping centers may have fewer fixed costs and are thus, able to pay higher prices.

Figure out what you’re really in possession of. Everything that appears to be gold isn’t worth its own weight in it. Usually gold is mixed with other metals to give it strength. That can make it less valuable. Gold plated items are subject to this too. If you are not certain about what you have, an appraisal before selling is wise.

It is crucial that you understand the gold market before you try to sell any. Look around to understand what people are asking for similar pieces. That allows you to get an idea of the market value. In order to be able to negotiate, you ought to give a price above the amount you really want.

Use a magnet to determine if an item is made of gold. Precious metals like gold are not going to be attracted to a magnet. Sometimes it’s the clasp that is gold, while the rest is only gold-plated. This is a good way to test that.

Talk to a the gold party representative to learn how they make karat determinations. In many cases, items are stamped. There are ways to determine a piece’s purity if no stamp is present. An acid test is one of the least complex ways of doing so, so if the representative is using that test, they may be new to the business.

Those costume earrings you’re holding in your hand may have real gold backs or hoops. The bands to rings and necklace clasps are often times real as well. Attempt to sell pieces such as these as a “lot” since those pieces are fairly lightweight. You may be able to sell them for more as a bunch.

Sending your gold away via postal mail is one option for selling it. Lots of sellers prefer this process, as it is easy. They send you a prepaid envelope, which you then turnaround and send your jewelry to them to get your check back later. Although this method of selling your gold is convenient, you might not get top dollar for your gold. Keep in mind that the convenience of mailing your gold is going to take a substantial chunk out of the money you end up receiving.

When working with a dealer of precious metals, carefully examine every page of the contract before signing it. Gold dealers have to protect their investment. You need to completely understand the contract you are signing. If you aren’t a fan of the terms, go somewhere else. It’s better to walk away and find another deal than run any risk to your personal information or financial wellness.

Gold is usually a safe investment but this precious metal can also be volatile. You will probably observe some fluctuations on the short term but you should not let this stress you. Look for ways to limit your risks, for instance by investing small amounts in gold. Because of the volatile market, only a small amount of your portfolio should be invested in the gold market. Usually five percent is good enough.

It takes time to figure out which of the many option available is the right one for you. You’ve received help from this article. All you have to do is make your decisions. Use these guidelines to pad your pocketbook.

What You Need To Know When You Are Dealing With Gold

While gold values fluctuate like anything else, it’s true that it tends to increase in value overall. Any precious metal, especially gold, always has a verdant market for trading, selling and buying. In hard economic times, gold values go through the roof. Keep reading to learn more about the gold market.

When you invest in gold, you can’t go wrong with bullion bars. They are available in various weights. The weights range from 0.5 oz to 400 oz bars. The smaller bars are more common, while the larger ones are harder to find.

Be well informed about the value of precious metals before buying or selling gold. Prices of precious metals fluctuate everyday, so pick a day to check on the spot price before you buy or sell. You must to pay a premium to the melt values if you’re buying less than one ounce pieces.

Gold Jewelry

You may shy away due to gold’s price, which may make you go for gold-filled or gold-plated jewelry instead. You still can get gold jewelry items without spending a lot at a local jewelry store. You can usually find more affordable gold jewelry online, or if you visit pawnshops.

When purchasing gold, check to see if the dealer offers a return policy. It is impossible to tell if a jewelry item will be well liked or suitable. If that should occur, it is important you can return the piece for a full refund.

If you don’t know what your gold jewelry is worth, consider having an appraisal done. While there is a cost involved, you will at least then be fully aware of what you own and what it is worth. Use an accredited appraiser for best results. When you sell, you won’t get the whole appraisal value, though.

Make sure you know the spot price of gold the day you plan to buy or sell. This information can be found on several different websites. Paying for gold that is any higher than an 8% markup is not a wise investment. Many dealers try to overcharge you; however, by being informed you can avoid this trap.

GoldMoney can be a good resource when buying gold. This is like opening a bank account for gold. You create an account and fund it; then your account is given some gold at the market price. The gold is in a vault being protected, but you can sell it or even have a bullion bar shipped to you.

To verify that a particular piece of jewelry isn’t simply plated, you can try testing it yourself with a magnet. Gold and other real precious metals aren’t attracted to magnets. Certain pieces have a clasp made of real gold while the remaining parts are plated. This can be a useful method of testing for that.

When at a gold party, talk with the rep about how they make the determination on the karats of the jewelry being sold. Items are usually stamped. There are ways to determine a piece’s purity if no stamp is present. Using an acid test can be a great way to determine the karat of the gold.

Do not sell any jewelry solely for its gold content without seeking an appraisal. This rings true especially concerning pieces that are one-of-a-kind. Even though there is an appraisal fee, you could see a lot of extra money in your pocket. This is also a great way to locate buyers who might be interested in your gold.

As you likely know, our economic system weighs itself against gold. To take advantage of this market, learn all you can today. Be in control of your gold investment by using these tips.