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What You Must Know About Buying, Selling And Trading Gold

Gold is a precious metal with global value, and as such, has been treated as such since its discovery millennia ago in the past. Everybody cherishes gold, but not everybody is familiar with how to get it. If you are thinking of investing in gold, continue reading to gain insider’s knowledge to the gold investment market.

If you are selling gold then shop around to get an idea of what its true value is from different companies. There are lots of services, jewelry stores and pawn shops that buy gold. Of course, they will want to make a profit when they sell it. If you’re able to work with a couple of different places, you can see if you’re getting the best deal.

You can sell gold online. Visiting a broker to make a gold purchase is no longer required. There are dozens of reputable websites where you can buy and sell gold. They’ll mail you a kit which you use to send them the gold. As soon as your items are verified, you receive an appropriate payment.

Melt Value

Is it better to sell your gold jewelry for melt value or as jewelry? Most buyers will offer you just the melt value for your gold. If you want to sell your gold as a jewelry item, you should keep looking for a good buyer.

Prior to coming to any decisions with regard to a gold buyer, shop around. You may be surprised at the differences in the offers that you’ll get! When you just take buyer number one, you may lose money. Invest the time into the process, and you will be rewarded in the end.

Use a magnet if you want a cost-effective way to determine whether or not the precious metal is real. Gold and other precious metal will not be affected by a magnet, which means that they won’t stick to it at all. In some cases, individual parts of a piece (like the clasp) may be solid gold while other parts are plated. You will find this to be an effective way of testing this.

Research how the gold market is doing before investing. Not everyone who claims to be a gold expert really is. They may just be trying to trick you. You must be extremely careful about any promises concerning getting rich quick. Don’t set expectations too high and you won’t be disappointed in your gold investment.

In many jewelry designs, support pieces like the backs of earrings will be made of solid gold, despite the rest of the piece not being solid. Necklace clasps and ring bands are usually real as well. Attempt to sell pieces such as these as a “lot” since those pieces are fairly lightweight. This is a bunch of different gold pieces in quantity and can help you to get more money for them.

If you are selling gold pieces you own, keep pieces of different karats separated. Some vendors may try to weigh all of your items at one time and pay you for the lowest karat. You will earn more if you sell your gold separately by karat weight. Separate and weigh your gold so you know the true value before selling.

There is no doubt that gold is a valued commodity which trades well. Investing in gold makes sense, given how often it holds or even grows in value over time. Now that you’re initiated, start investing in gold today!

Learn All About Gold With These Tips.

What if you were told that gold investments could solve all your money problems? With the right knowledge, you can build your profits into a hefty amount. This article is packed with hand-picked tips and tricks to maximize your profits.

Attain more than one estimate of the value of your gold. Gold buyers and jewelry stores are out to make a profit, so they’ll all pay less than the actual value of the gold you’re selling. You’ll get a fairer price if you’ve gotten a few estimates.

Read reviews and do your research before choosing a dealer to buy your gold. The BBB can be a great research, as can online customer reviews. You have a better chance of getting the highest possible price for your gold when you obtain bids from a number of different gold buyers.

Before you put down your money for gold, make sure you have a firm delivery commitment from the seller. If your seller can’t commit to immediate delivery, get the delivery date in writing. There should be a date listed for when you can expect them. Proceed with an order only if this information is forthcoming.

If you are thinking about selling some of your gold jewelry, know what the going market price for gold is. You can then discern whether you are getting the right price for your jewelry pieces. Most dealers are honest and stick close to market value, but a minority try to rip desperate people off by low-balling their offers.

Understand that any item containing gold carries value with gold dealers. Decorations, flatware, broken jewelry, anything you have with real gold content is potentially valuable. Even things that are not pure gold can have value. It may just be plated or partially pure. You will still receive money from the sale of these items.

When you decide on buying gold the first thing to do is look at the spot price. This information is available on a number of websites. When you buy, don’t pay over 8% markup over the price. Anything more is unethical.

As exhilarating as gold gets, don’t run your mouth about it. You have no way of knowing who might overhear your conversation and who is truly trustworthy. Keep your gold investments to your own self, locked up and secure. Consider a bank lockbox or a safe at home. That way, your gold will always be secure.

When at a gold party, talk with the rep about how they make the determination on the karats of the jewelry being sold. In most cases, the item is simply stamped. 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. The most simple test involves the use of acid. If the company claims to use that type of test, it may be an indication that they are not as experienced with accurate testing methods.

Sell Gold

Mail-in options exist for those wanting to sell gold. A lot of people who sell gold prefer this simple option. You obtain a prepaid envelope, put the jewelry in it, ship it, and get a check for it. Just keep in mind that such firms usually don’t pay that much for your jewelry, as compared to other options. Sometimes, you get paid 30 percent less, so you should be aware of that.

As you prepare to sell your gold pieces, divide it into separate piles based on karat values. 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. The greater the karat ratings, the more the gold is worth.

Follow the tips presented here to earn a steady profit buying and selling gold. You can witness your profits gradually grow over time by setting small goals and working hard in their pursuit. Being patient will help you find more success, so avoid rushing things.

Are You A Gold Lover? Read This

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. The tips below will help you invest in gold intelligently.

Bullion bars are usually the safest way to invest in gold. The weights will vary. You can purchase a large, four hundred ounce bar down to a tiny half ounce one. The 400 ounce bars are generally hard to find.

Gold prices change all of the time, so make sure you are aware of the value before you try to sell any. If you choose to sell gold items, those with differing karat designations ought to be weighed on their own. Don’t sell jewelry that has an increased value because of the design or the creator.

Sometimes the cost of gold causes buyers to go for cheaper imitation jewelry instead. You don’t have to spend a mint at a jewelry store, though. It is cheaper online and at pawn shops.

While you may be very tempted to quickly send off your old gold scraps and jewelry to a business that buys gold through the mail, do your homework about the company first. Be certain you have a clear understanding of the timeline involved, and make certain your jewelry is insured. Take a photo of all the items you are sending so there will be no questions later.

When buying gold jewelry as a gift, make sure that the return policy is sound. It is impossible to tell if a jewelry item will be well liked or suitable. Because of this, it is critical that you are able to bring the piece back to obtain a refund.

Selling gold depends on what sort of piece it is, be it a coin, bar or piece of jewelry. Private sellers and pawn shops just want the melt value. However, if you are patient, you will find a buyer who is willing to pay top dollar for your jewelry.

When you attempt to sell gold, make sure you know the current market prices. Look to see what others are asking for when it comes to similar prices. This is a price point that you can work with. Always ask for more than what you want, because this will leave some room to negotiate.

You should rely primarily on independent, personal research to learn about the market for gold before investing in it. There may be unscrupulous dealers claiming to be experts in order to get you to invest with them. However, you should be leery of anyone who promises you wealth. Gold won’t get you rich overnight, so don’t expect as much.

When you make a transaction with a gold buyer or seller, make sure you understand all the terms. Gold is a huge business that makes a lot of money. You have to protect your investment, too. If you don’t like the terms, be prepared to move on. You absolutely must protect yourself financially.

Gold has the potential to be a profitable investment, yet the market can be volatile. If you do not have the stomach for quick jumps up and down, stay away. If you decide to invest, start out with a small investment. You want to maintain a diverse portfolio of other investments and make gold only a small portion of it. A prudent limit is about five percent.

Karat Value

Gold jewelry should be separated into different groups based on its karat value before you sell it. The karats determine the value and you may not get what you’re entitled to when you cash in your gold. The higher its karat value, the higher the gold’s value.

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.

There are a lot of things to think over when deciding if you’re going to invest in precious metals. Some people like to buy gold in bullion or coins, and others prefer investing in shares. Do more research on your different options before deciding on the best strategy for your investment.

Good Tips To Use When You Need Information About Gold

Knowing a good investment strategy is critical before entering the marketplace of gold. Your portfolio needs to be diversified, and gold will help you do that. But, where do you begin? All of your choices may overwhelm you. Read on to make the process of gold investment easier.

It is important to research the current value of gold before selling your gold. When selling gold, be sure that items of differing karat values are weighed separately. Because the jewelry you sell will be melted down, keep pieces that are more valuable because of the designer name.

Look into selling gold on the Internet. Gold dealing is no longer something that takes a brick and mortar store. You can use various websites to sell gold. The site sends you a prepaid mailer to put the gold pieces in. They will pay you once you send the gold in.

Be sure you research a company before sending them gold in the mail. Know exactly how much money you can expect to receive, and make sure that the package you send them is insured. Also, make a photographic inventory of every item you send.

Gold Market

Do not be overly aggressive when dealing in the gold market. There are many swindlers to be found in the gold market. You must be diligent and do your homework. Because of this, you need to be extra cautious and really research.

Speak with professionals to learn different strategies to find the karat value of gold. Many times you will see the item have a stamp on it. However, at other times, there is no stamp, so a lot of reps use other ways to find out. Acid testing is a very simple method, so if a representative is using this, they might be new.

Go over the fine print of the contract offered by your buyer. 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. This lets you learn the amount of proceeds you need to pay for fees and commissions.

Be sure to have your jewelry appraised before you decide to sell it. You should do this for special pieces. Unique pieces may be worth more intact than they would if eventually melted down. The appraisal will give you the best idea as to the worth of your gold. An appraiser may know someone who will give you a good price for your jewelry items.

Frequently, earring backs are made of solid gold. This is the case even when the earring is not made of pure gold. Necklace clasps and ring bands often are too. These sorts of items are often lightweight and should be sold as a collected lot rather than individually. You may get more money this way.

Karat Weight

Sort your gold by how many karats it is. Some buyers will weigh all your gold at once and offer you what the smallest karat weight is worth. They will rip you off. Instead, separate each karat weight before going to the dealer.

Making good decisions about gold investment is an important part of the process. This article has helped you with that, and now you’re ready to make some decisions. Keep the advice from this article in mind when investing in the gold market.

Want To Make Money In Gold? Read These Tips.

Putting your money into gold is considered a safe place if you want to protect your money. Perhaps you are a person who has daydreamed about investing in gold, but doesn’t actually know where to begin? This article should help you. This article is full of information to teach you the ins and outs of gold.

Get your gold valued by multiple sources. There are many places where you can buy and sell gold, and they all use different metrics to decide on price. When you have several estimates, you’ll have a better idea of what fair market value is.

A great way to invest in gold is through bullion bars. Bullion bars come in a variety of weights. There is a choice of half-ounce and then up to 400 ounce bars. If you want a 400 ounce bar, you may have a hard time finding one.

Melt Value

Prior to buying or selling any gold, be sure you truly understand how gold pricing works. Precious metal prices vary from day to day and it’s best to check the price before selling or buying gold. You also will have to pay more than melt value, but you will sell below melt value.

Before you put down your money for gold, make sure you have a firm delivery commitment from the seller. Always get a timeline in writing of when your gold pieces will be delivered if immediately delivery is not provided by the seller. You should have the date of delivery clearly listed. Don’t not follow through with the purchase unless you have this in hand.

Be sure to select carefully when considering taking your gold to a pawn shop or jeweler for sale. Though there may be a standard market price for gold at a particular moment in time, not every store will pay it. The stores located outside of shopping malls and other similar places don’t have as much overhead, so they might be able to pay more.

Understand what you really have. There are many things that look like gold, but are completely worthless. Many times, other metals get mixed with gold for more durability. This results in a price reduction. This is also true of items that are just plated. When you don’t know what you’ve got, have it appraised ahead of selling it.

When you attempt to sell gold, make sure you know the current market prices. Research the selling price of pieces similar to yours. You will get a realistic idea of what you can expect to receive for your jewelry. Ask a bit more so you can negotiate.

An inexpensive and simple way to see if an item is gold is with a regular household magnet. Precious metals do not respond to magnets. Sometimes it’s the clasp that is gold, while the rest is only gold-plated. This is a smart idea to test it this way.

You don’t actually have to own physical bars, coins or jewelry to profit from gold. Gold mining stocks are available. You could also buy shares in a gold fund. If you decide to buy gold bars or coins, consider how much it would cost to store it securely.

Gold investing is for everyone. Now that you have read this article you should have a good idea of how the market works. Remember the tips from this article the next time you invest in gold.

Need A Good Source Of Ideas About Gold Then Continue On!

It is possible for anyone to be successful in the gold market as long as they can access quality information at the outset. Maybe you want join the multitude of people who are part of this market. If this is the case, read on to learn about how to trade gold.

When you sell gold, get multiple estimates of its value. Several gold-buying services and jewelry stores get different profits for the gold they buy. You should get your gold appraised by a professional and compare prices offered by different buyers.

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

The price of gold changes often, so you need to know the value of your gold before attempting to sell it. If you decide to sell your gold, pieces with different karat values should be weighed and valued separately. Don’t sell gold jewelry that may be worth more when sold as a designer piece.

All gold buyers are different, so it is important to look around and find someone that you feel comfortable doing business with. You can always find online reviews, inquire with the BBB and learn how each vendor handles complaints. A variety of bids will ensure that you receive the best price.

Sell Gold

Think about using the Internet to sell gold. You don’t have to go to a physical location to sell gold any longer. You can find a lot of websites to sell gold. You will receive a package that details how to send you gold pieces. If everything is okay, they will pay you whatever their current rates are.

Before buying from a gold seller, schedule a timely delivery. If your seller doesn’t offer delivery immediately, you need written confirmation of when to expect your items. The expected date must be listed. Don’t not follow through with the purchase unless you have this in hand.

When it comes time to sell your gold, figure out if you would like to sell it for its melt value or simply as a piece. Pawn shops and many private sellers are only looking to pay the melt value. Don’t get discouraged if you are looking to sell jewelry, as buyers are still out there.

Be careful when dealing with the gold market. There are bad companies in any market, but this market is known for having many. Gold companies will often shortchange you when offering a price for your gold. Therefore, it is important to proceed with caution and research each company carefully.

You can easily test whether a gold piece of jewelry is real by using a simple magnet. Gold and other real precious metals aren’t attracted to magnets. Sometimes the clasp of a piece is solid, however the rest will be plated. Using a magnet is an excellent way to find this out.

Ask the gold party representative about how the gold’s purity in karats is determined. Many times, the items are stamped. Sometimes, however, there is no visual sign, so many representatives have other methods of figuring it out. The simplest test is the acid test, so if a rep is using this method, he may be a novice to the market.

You should rely primarily on independent, personal research to learn about the market for gold before investing in it. Some people may try to trick you so you invest money with their company. On the other hand, you need to stay mindful about anyone who promises you they can make you rich quick. Don’t think of gold as easy money, and you can avoid fake claims.

Gold Market

As you’ve seen, nearly anyone can enter the gold market. If you hesitated in the past, these tips should help you feel more comfortable about it. You can invest with confidence in the gold market now that you just read these solid tips. Start with a small investment and stay up to date with the way the price of gold fluctuates.

Excellent Tips About Gold That Are Easy To Follow

Gold is a highly prized metal. Since its discovery in ancient civilizations, it has been treasured by people. 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.

Be well informed about the value of precious metals before buying or selling gold. Silver, gold and platinum prices vary from day to day, so spot check a price on the day you plan to do business. There are different percentages owed based on the sizes of gold you own.

Do not allow the high price of gold to deter you from buying quality products. You will not benefit from buying jewelry that is plated or filled with gold. But, it is still possible to purchase gold jewelry without having to go to a jewelry store and spend a fortune. Online auctions, estate sales and pawn shops are only some of your options.

Look at the current gold market price prior to selling your pieces. This way, you’ll know whether you’re really being offered a fair price. While dealers often give you market value, some are used to sellers wanting quick cash.

If you don’t have lots of money to buy gold, but still want to profit on the upside, think about buying scrap gold. You can buy a little at a time, building up a stockpile. This will not break the bank. Keep it inside a safe location until you get enough to cash in.

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. Many buyers only want to pay for the melt value of the jewelry. Selling your unique gold pieces to a collector can end up netting you more money.

Keep your gold investing to yourself. You may accidentally be overheard by a thief. Keep your investment private and secured, preferably in a safe. This ensures that your gold is protected under all circumstances.

How does the seller know what the karat rating is? Many items are stamped. Other times, though, there are no outward signs, and therefore representatives rely on other techniques. A way to tell if a gold representative is new and inexperienced is if they use an acid test. This is a simple test used by newer gold dealers.

Go over the fine print that’s in any sales contract. Read any materials the company you are sending your gold to provides you with. This lets you know how much you end up with after any fees are taken off the top.

Never sell gold to a dealer or store with checking their ratings with the BBB first. They are sure to have information about each business, as well as data on any complaints filed. Look closely at complaints to find out whether or not they were satisfactorily resolved. If they have a ton of complaints or many that are unresolved, you should consider a different business.

Before you sell gold, put it in different karat weights. This will ensure that you are paid correctly; otherwise, a dealer may try to pay you using the lower karat weight values. You’ll get less money that way. The way around this is to present the gold to the buyer pre-separated so that you get fair market value for each piece.

Find a gold buyer that lets you send them your gold. 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. The price of this convenience, though, is that you will be paid considerably less for your gold. Some of these outfits pay you a third of the money for the item than you might get elsewhere, so be cautious.

Gold prices have increased by over 400 percent in the last decade which is good if you own gold. It’s unknown whether it’s a great time to purchase gold, but that depends on what the dollar does. When the dollar loses value, the value of gold increases.

After reading this article you should be better educated in the investment of gold. Gold can be a good way to make money and be beautiful to wear at the same time. Take the information here to start your investments in gold.

Have Questions About Gold? Get Your Answers Here

While the price of gold is always in flux, one thing that can be counted on is that the general value is always rising. Gold is popular for its beauty and its attraction as a storehouse for wealth. There has always been a thriving market. In hard financial times, the values can reach unbelievable heights. Keep reading to learn how you can maximize benefits from this marketplace.

When you sell gold, get an idea of value from a number of sources. Venues that buy gold will only pay you a percentage of what your gold is worth in order to make a profit. By getting multiple estimates, you can be assured that you will get a fair price when you sell.

If you are considering a gold buyer, do some research on him to make sure he is reputable. 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.

Check the current price in the gold market before you sell your jewelry. This way you will know if a dealer is offering you the proper amount for your items. Though many deals will provide you with its true value, others will try to deceive you so they can get a better deal for themselves.

Understand that gold dealers are interested in all gold items. There may be broken home decor, tableware, jewelry, or other things that are around you. It doesn’t have to be all gold either. Even gold plated items will have some value. You may still get a little of your initial outlay back.

Never sell to an unlicensed gold dealer. Although anyone could rip you off, the chances are slim when working with someone who is licensed. There are many stores and individual buyers looking to purchase gold, so always know you have multiple options, and never just the first deal that comes up.

Research the daily spot price before you sell your gold. It’s also a good idea to research what similar pieces have for asking prices. This way you have an idea of what you can ask for yours. Request a bit more than you will settle for to give yourself some room to bargain.

Divide any gold you plan to sell into groups that contain specific karat values. The value of gold varies by karats, and weighing your gold together can cheat you out of money. Gold with higher karat value is worth more money.

Gold Futures

Keep things simple if you do not have any experience with investing in gold. Avoid investments like gold futures, despite their popularity. Futures markets are volatile and complicated, and this includes the market for gold futures. If you don’t have a good grasp of them, you might lose a great deal of money right away. Do not tackle these investments if you do not know what you are doing.

Be aware that you will not get the full prices for any of your gold. Gold dealers are in business. They are about making money, so they will try to negotiate a purchase price. You can expect to get about 50% to 75% of the market price.

Sell gold coins whenever gold prices are high. Things will change on a day to day basis. When you know how the market works, you can get more for your money. Wait to sell your gold until you see the stock market climbing.

Do you understand what you plan to buy? There are lots of gold plated coins on the market. To learn whether you have real gold coins, get them appraised by an appraiser that’s certified before you buy it.

You are probably aware that many currencies used to be backed by gold. Its price fluctuates depending on market conditions and demand. To make money from gold, it important to understand the ways gold buying and selling works. Put this information to good use when you are considering gold investments.

Want To Make Money In Gold? Read These Tips.

If you have a solid knowledge base, you can do well in the gold market. Does that sound interesting to you? If you are, continue reading.

When you sell gold, get multiple estimates of its value. From pawn shops to jewelry stores, each location will charge a different premium on gold. By seeking multiple estimates, you are able to determine whether an offer is truly fair.

Before selling your gold, be sure to check the current price. It changes all the time. If you sell gold, pieces that have various karat values need to be valued and weighted individually. Don’t sell jewelry that’s worth more than its melt value because of its designer origins.

Reputable Buyers

Stay with reputable buyers when you sell your gold. Look them up using the Internet and the Better Business Bureau to find reviews. Reputable buyers will pay fair rates for gold and will provide solid customer service. This will protect you from rip off artists.

Why not make money selling your gold to online buyers? There’s no reason to confine yourself to brick-and-mortar stores when selling your gold. There are many places to sell gold online. They’ll send you a kit in which you can send the gold items you wish to sell. They will pay you their standard per ounce price for your gold.

Know the current price per ounce of gold before selling your pieces. This will assist you in determining if the offer you receive is fair. 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.

Make sure that you understand the terms when sending jewelry back through the mail. Find out when you will receive your payment, and get insurance for your package. To avoid problems later on, photograph each item you are sending.

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. You’re not going to be sure about the jewelry fitting or whether or not a person actually likes the piece. This is a huge problem.

Why not get your gold jewelry appraised if you are not too sure about its current value? Although appraisals cost money, you will know the value of your items. Make sure that you get a truly realistic value from an appraiser that is accredited. If you do want to sell the gold, understand you won’t be offered full value it was appraised for.

Using a brokered service such as GoldMoney may be the gold investment technique that best suits your needs. Think of it as a bank account that deals exclusively in gold. Set up the account, deposit some funds, and you get gold at the price that correlates to the account. While the gold itself physically remains within a bank vault, you can deal with it as you see fit.

Always do your homework before investing. All markets have their flaws, and the gold one is no exception. Lots of people will scam you if given the chance. Do your homework before giving anyone your business.

Have all jewelry appraised before selling it as scrap gold. The more intricate the jewelry, the more it will be worth. Although you may be charged a fee for the appraisal, it may earn you more money in the long run. This is also a great way to locate buyers who might be interested in your gold.

Before selling your gold, contact your local Better Business Bureau. It has basic company information on them, along with complaints and reviews from those that have dealt with them. Keep a close eye out for any complaints not fully resolved. A multitude of unresolved complaints is a good indication you should do business elsewhere.

Gold is an investment anyone can make, by either buying or selling. The above advice should help get rid of any gold market fears you previous had. Use the tips you just read to make good decisions when investing in gold. Get your feet wet and begin growing your wealth today.

Read This Article For The Best Gold Information

If you’d like to use gold for your portfolio, you need to learn how. It isn’t just buying some bullion and crossing your fingers; having the right information will help. Read this article to gain some knowledge about gold investments.

Gold bullion bars are great investments. The weights will vary. They can be found in sizes as small as a half-ounce or as large as four hundred ounce bars. A heavier bar may be more difficult to find, however.

Sell Gold

Why not make money selling your gold to online buyers? It is now easy to sell gold without having a physical store location. It is possible to utilize a website to sell gold items. They’ll mail you a kit which you use to send them the gold. If everything is together, you’ll get paid their going rate.

When you are selling gold, you need to decide whether you want to sell it as a piece of jewelry, or for the melt value. Private sellers and pawn shops just want the melt value. It may take longer to find the right buyer, but you will get more money this way.

Don’t brag about your gold purchases, no matter how excited you are. You don’t know who could try to keep tabs on this, and you don’t want to have to worry about trusting people. Play your cards close to your chest and keep your gold in a home safe or a safety deposit box at your bank. This ensures that you retain your gold and that it is safe regardless of the circumstances.

You can use a magnet to determine the authenticity of gold. Precious metals do not respond to magnets. Sometimes, the only thing real about a piece of gold jewelry is the clasp. This is a smart idea to test it this way.

Many times earring posts are made of solid gold, even when the actual earring is not solid. Necklace clasps and ring bands often are too. These pieces don’t weigh much, so try selling them all as a “lot.” This just pulls together a number of gold pieces as a quantity, which might help you make a little more money.

Look at the BBB before selling gold to jewelers, dealers, gold buyers, and the like. You may find complaints that have been listed by the customers who feel slighted. Pay special attention to any complaints and if they were resolved or not. If you see that there are a lot of unresolved complaints, you may want to go with someone else.

Research a gold dealer before doing business. Check with the Better Business Bureau to verify the reputation of a dealer. By contacting the BBB, you can see if they have any complaints against them. Upon learning of numerous complaints, it’s best to look elsewhere for services.

Karat Value

Be sure to divide your gold holdings by karat value when selling. Don’t allow all of your gold items to be weighed together or you will not get the true karat value. The higher the karat value, the higher the value of your gold.

Ask people you know for their broken jewelry. 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.

Now take these tips about gold investing and apply your new found knowledge. Use them whether you are on the buying or selling end of a gold deal. Learn more by experience. Gold will be a valuable part of your investment strategy for your future.