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Top Pointers To Help You When Dealing With Gold

Nowadays it seems like more and more people are interested in buying and selling their gold. This could be because of the tough economic times that people are having to work with. There aren’t enough gold investors that are knowledgeable enough about the market, though. Keep reading this article to learn what gold can do for you.

When you invest in gold, it is a good idea to go with buillon bars. The weights will vary. Bars may be a half ounce, 400 ounces or anything in between. Be aware that if you are looking for the biggest bars, you will have a difficult time locating them.

Never deal with a gold buyer or seller who does not have a favorable reputation. Look them up using the Internet and the Better Business Bureau to find reviews. A good buyer will treat you well and offer a fair price on your jewelry. Research helps protect you and your investment.

Gold Online

You can actually sell your gold online. You no longer need to visit a physical store to buy and sell gold. There are many places to sell gold online. The site will send you a special kit in which you’ll return the gold items. They will pay you once you send the gold in.

Research the market price before selling any of your gold 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 do not have a large amount of money to start off with, why not consider purchasing scrap gold. If you do this on a regular basis your collection would grow quite quickly. Protect your gold until you can sell it.

When you buy some gold jewelry for another person, make sure they have a refund policy. You’re not going to be sure about the jewelry fitting or whether or not a person actually likes the piece. If that happens, you want to be able to send the jewelry back and get your money back as well.

When you’re dealing with any type of gold it can be of valuable to someone that buys it. That could be broken pieces of jewelry, tableware, home decor, or anything else you have around. The purity doesn’t even have to be 100%. Plated gold will do. You’ll still get a decent return on your sale.

Know what you have when it comes to gold. Many things look like solid gold but are not. Usually, there are other metals mixed with gold for stability. This may lower the price. The same goes for pieces that are gold plated. If you’re not sure about the value of your items, you should have them appraised before you try to sell.

When attempting to sell your gold, you want to do your research into the market price. See what others are bidding for gold items similar to yours. In this way, you will have a good idea of how to price your gold. Always ask for more than what you want, because this will leave some room to negotiate.

A magnet can help you determine if a gold piece is solid. Precious metals like gold are not going to be attracted to a magnet. Sometimes only the clasp is solid but the rest is plated. This can be a useful method of testing for that.

Earring backings are usually solid gold, no matter if the earring is or not. Necklace clasps and ring bands are frequently real gold too. The weight is low, so sell these items together. A larger profit can be obtained this way as many pieces are being sold in one “lot”.

A lot of people are excited to make a lot of money with gold. However, not everyone has sufficient knowledge to maximize their personal outcomes. Hopefully, the information here gave you the information you need to get started.

Wondering How To Get Into The World Of Gold? Try These Tips!

All dedicated investors need to have commodities in their portfolios. The best commodity available is gold. Read this article to find out how to invest in gold for retirement or for short-term profits.

Get a value from a few buyers before selling your goal. 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. Getting estimates from several establishments will help you make sure that you receive a fair price.

Gold bars are the most economical choice for investment purposes. The weights of these items may vary. There is a choice of half-ounce and then up to 400 ounce bars. It will be harder to find the bigger bars.

Arrange for delivery of your gold at the time of purchase. When the seller doesn’t ship immediately, you must get their promise to ship in writing. You should be provided with the estimated date of delivery. Don’t go through with the order if they can’t provide you with the delivery date in writing.

If you’re interested in investing in jewelry made of gold for someone other than yourself, make sure that you have the ability to return it for a full refund if necessary. You do not know if the gift receiver will like it or if the piece fits. This is a huge problem.

Comparison shop when selling old gold jewelry. While many stores state they pay the standard price for gold, there are a number of them that do not. Local stores that don’t have outrageous overhead may be able to pay you more for your gold.

Spot Price

The day that you plan on buying gold, check its spot price. This can be seen at numerous websites, but keep in mind it can often change. When purchasing, don’t pay greater than 8% markup above the spot price. Some sellers try charging more, but that’s overcharging, which is generally unethical.

Try using something like GoldMoney for buying gold. Think of it as a bank account that deals exclusively in gold. 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.

Don’t discount the value of looking for gold in vintage or antique stores. You can find bargains in those places when you’re aware of what you want. People frequently give these things away without understanding their value. You can reap the benefits of their loss if you do your homework first.

When you attempt to sell gold, make sure you know the current market prices. Try to compare what similar sized pieces are selling for. You will get a realistic idea of what you can expect to receive for your jewelry. Always ask for more than what you want, because this will leave some room to negotiate.

Check with the BBB before you sell gold to a dealer, jewelry store, gold buyer, etc. You will see if there were any complaints and be able to read reviews from consumers who have conducted business with them. Pay special attention to any complaints and if they were resolved or not. If there are a lot of complaints on their record with the BBB, move on to a different business.

Before you buy gold, find out something about the dealer. In order to ensure you’re dealing with a legitimate dealer, check the BBB. If you contact the BBB, they will tell you if the dealer has complaints filed against them. If so, think about using someone else.

Stock Market

Try selling gold coins when the value has peaked. The stock market fluctuates daily. If you learn about how the stock market works, you can maximize your returns. Wait for the market to climb, and then sell your coins when prices are high.

Gold investments are long term investments. It’s an investment that is like wealth insurance. Only buy when the market is stable. Gold shortages are common when the economy is rough.

Now that you’ve come to the end of this article, you know a few things about gold. Use this advice to widen your portfolio, or make a bit of extra money. Keep in mind all that you gleaned from this article to find success that is truly golden.

Have Questions About Gold? Get Your Answers Here

Gold has consistently held its ground since it was initially discovered a long time ago. Lots of people are obsessed with gold, but not everybody can make a smart gold trade. If you are interested in buying gold, keep reading to learn more about investing in gold.

Think about selling gold on the Internet. It is now easy to sell gold without having a physical store location. Take advantage of websites that allow you to sell gold. You will get a kit to return gold. You will receive payment based on the current market value of gold when your items arrive.

Prior to purchasing a gold item from a seller, you must be certain you have a firm delivery agreement. If the seller delays delivery, you have to get a written confirmation on when the expected delivery date is. Make sure that a specific date is listed within this writing. Don’t order anything without this document.

Gold prices may be so high that you may feel that it is best to choose jewelry that is gold-filled or gold-plated instead. However, it’s still possible to buy gold jewelry and not need to spend a fortune at the jewelry store. It is cheaper online and at pawn shops.

If you’re selling gold through a mail-in service, do your homework on the company and its policies before you make a commitment. Find out when you will receive your payment, and get insurance for your package. Take a photo of what you mail to battle against disputes down the road.

If you have no idea what your gold might be worth, than an appraisal is a good idea. While there is a cost involved, you will at least then be fully aware of what you own and what it is worth. Only use an independent, accredited appraiser to get the most realistic value. Even if you still choose to sell, do know that you aren’t going to get the appraised value.

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. The current spot price for gold is considered as a national standard but not all buyers will offer this price. Stores that aren’t in big shopping malls tend to have much lower rent and may pay more.

When selling jewelry, it is important to decide whether it will be sold as jewelry or as gold. Many buyers only want to pay for the melt value of the jewelry. Never let this dissuade you, however, as you are sure to locate an appropriate buyer eventually.

Never sell your gold to someone who does not have the appropriate state licensure. You have a greater likelihood of dealing with a reputable trader if you look for this certification. Remember that you have hundreds of options available, so do not be pressured into doing business with the first company to make an offer.

Research all that you can before you invest in gold. Lots of folks claim to be experts and want to get their hands on your money. Any claims that promise overnight fortunes must be taken with a grain of salt. Do not think of gold as some way to get rich quickly, and you won’t be disappointed.

As you can see, gold is a prized possession. It is also a precious commodity and can be easily traded. It’s a good idea to work with gold because after time it’s something that won’t go down in price. Now that you have the right information, you can start cashing in on gold.

Great Advice On Dealing With Gold

Many people these days see gold as a more stable form of currency. It is important to understand all of the intricacies of the market. Read on to learn more about gold and how you can profit from it.

Get multiple estimates for your gold pieces if you are looking to sell them. There are many places where you can buy and sell gold, and they all use different metrics to decide on price. By shopping around, you will get a better idea of what the gold you are selling is really worth.

Research any mail-in gold jewelry purchaser before sending your jewelry off to them. Find out when you will receive your payment, and get insurance for your package. Be sure you capture photos of everything you put in the mail.

Scrap gold is an excellent investment if you are working with limited investment money. This can accumulate over time, and you can see how this can make a valuable investment. Make sure you keep the gold secured. A safety deposit box is a good place.

Don’t sell to entities that are not licensed by the state to buy gold. They are likely to be honest. Do not be forced into selling to the first buyer you find if you are not happy with the terms on offer.

To verify that a particular piece of jewelry isn’t simply plated, you can try testing it yourself with a magnet. Gold, unlike other metals, will not be attracted to a magnet. In some cases, jewelry may have a clasp that is made of gold, but the rest of the jewelry piece is made of plated metal. Using a magnet is an excellent way to find this out.

Talk with a gold expert on how they go about attaching a price to a piece of gold, so you know how much a karat is worth. Is it based on the stamp? 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.

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. You’ll then know the amount of your profit that will go to fees and commissions.

Sell Gold

Mail-in options exist for those wanting to sell gold. A lot of people who sell gold prefer this simple option. You are given an envelope that is prepaid and you pack your jewelry into it. After a while, a check comes to you. These companies won’t pay the same amount for gold as others though. 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.

To get a good deal and protect yourself, research the gold buyer critically. This is especially important when using a mail-away service for a buyer that is out of state. Look for gold companies that are listed in the BBB to ensure that you are working with a reputable business.

Before you sell gold online, be sure of the current price. You are usually going to find a better deal in person. It may be handy to mail your gold, but it could cost you a great deal of money.

What is the buyback policy at the seller you want to buy from? There are buyers who charge high prices for reselling gold, but they are not all this way. Consider whether having to ship bulky gold items to a given destination is worth it or not. For safety’s sake, never allow your dealer to retain physical custody of gold that you have purchased.

You can’t deny the influence of gold as a way to secure and solidify personal fortune, even for the most modest. Being informed can help you to make wise investments. The article that you have just read should have seen to that education.

Gold Advice You Need To Know About

Gold is arguably the best investment you can make. Perhaps you are a person who has daydreamed about investing in gold, but doesn’t actually know where to begin? If this applies to you, you’re in good hands. This article is going to give you some of the advice you need when thinking of investing in gold.

Get a good education in precious metal pricing before you try to buy or sell gold. The prices of metals like platinum, gold and silver can fluctuate greatly in just one day. Before you do any buying or selling, check the market prices beforehand. You may have to pay higher prices, though, for pieces that have a small fractional measurement.

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. If you get quotes from multiple buyers, you will get the most for your gold.

Think about selling gold on the Internet. You don’t need to visit an actual store to do this. Many websites are available will help you sell your gold. You will get a kit to return gold. If the transaction goes smoothly, they’ll give you a quote and you can either accept or decline the offer.

Know the current price per ounce of gold before selling your pieces. That way you will be able to ascertain if a dealer is providing you with a fair price or not for your pieces. 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 are buying gold jewelry as a gift, make sure you have a money back guarantee. You need a guarantee on any gold you buy. If that happens, you want to be able to take the piece back for a refund.

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

Think about shopping thrift and antique shops to discover gold treasures. You can find bargains in these places. Sometimes, people sell to these kinds of stores because they were unaware of what they had. Their lack of knowledge can be used to your benefit, if you know what to look for.

Knows all the details in a gold sales contract. This is especially true if you decide you want to mail your gold off to a buyer. This way, you will know the exact amount of the fees and commissions you will be paying.

Never sell gold to a dealer or store with checking their ratings with the BBB first. The BBB’s website will share any negative reports made against a company through the BBB’s service. If there were any complaints, you will want to see how the company resolved the issue. If you see many complaints, then you need to find another business.

Investing in gold is not just for the smart seasoned investor, rather it can be for anyone looking for a safe place to put their money. Now that you know a little about what you are doing, you can feel good about making a transaction in the gold market. Make use of this advice as you enter the market for gold.

Get Started In Gold With These Great Tips

Gold investments can be a safe harbor in choppy financial waters. You may be someone that has considered this but haven’t been sure of where to start. If that is the case then you’ve come to the right place. Keep on reading to learn more about what you need to know about investing in gold.

Get a value from a few buyers before selling your goal. Dealer prices vary by store. You can be certain you’re getting the best deal by shopping around.

Gold is something that changes in price all the time. This is why you should know what it’s worth prior to selling. If you choose to sell gold items, those with differing karat designations ought to be weighed on their own. Don’t sell jewelry that’s worth more than its melt value because of its designer origins.

When it’s time to sell off gold, you should always deal with trustworthy buyers. Check BBB.org to find out more about the firm. Reputable buyers will pay fair rates for gold and will provide solid customer service. You should do this to better protect your gold investment and yourself.

It is possible to sell gold online. Gold transactions do not require traditional physical storefronts. Many websites are available will help you sell your gold. The site will send you a special kit in which you’ll return the gold items. They will give you an offer, if everything goes properly.

Consider delivery time when buying gold. If the seller does not provide immediate delivery, you must get some kind of writing from them confirming when you can expect to get your pieces. The date on which you can expect to receive the items should be provided. Complete your order only when given this information.

If you want to start investing in gold but don’t have much money to get started, think about buying scrap. Just keep buying a little every time you get paid, over a year or two you will accumulate quite a little pile. Keep your collection safe until you have an sufficient amount to cash in.

When buying gold jewelry as a gift, make sure that the return policy is sound. What if it doesn’t fit? If that should occur, it is important you can return the piece for a full refund.

Realize that all items containing gold have some sort of resale value to dealers. Old or broken jewelry, old coins and tableware are just some of the things that may contain gold, Solid 24-karat gold isn’t the only type that dealers are interested in, either. It could be part of an item that’s gold, or just gold-plated. You can still get some decent money selling these items.

If you’re going to ship your jewelry to a mail-order buyer, know how much return shipping is going to cost you in the event you don’t accept their offer. Many companies advertise no shipping costs, but they often hide large handling fees in the fine print. By knowing this information ahead of time, you can prevent unnecessary charges.

You don’t have to be a seasoned investor to invest in gold. Having read the tips presented here, you can sally forth into the gold market with confidence. Keep all of these things in mind when you need help with getting gold.

Top Pointers To Help You When Dealing With Gold

Gold is something everyone’s curious about but not everyone is knowledgeable on. Not being knowledgeable about it makes it difficult to get all of its advantages. If you’re someone that’s not really knowledgeable about gold, then you can use the tips that follow to your advantage.

Bullion bars are an excellent investment. These come in various weights. From .5 ounces to 400 ounces, the choice is yours. However, the really big bars are very hard to come by.

When selling gold, sell to reputable buyers. You can check out their reputation by contacting the BBB and checking online reviews. A reliable buyer is going to give you more money and provide you with good customer service when compared to shady buyers. Do this to protect yourself and your gold investment.

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. Contact the site, and they’ll send out a shipping kit so you can send them your gold. If everything works according to plan, you will get paid at market prices.

If you plan to mail your jewelry, be sure that you find out how much the return postage will cost if the price offered you is too low. Even if you do not pay for shipping the gold initially, return shipping is an entirely different matter. Find out how much you will have to spend in order to get your gold back if you decide not to sell it for the price offered.

Never sell to an unlicensed gold dealer. You could still have a problem, but licensed buyers are more likely reputable. There are a number of people out there willing to buy, so avoid thinking you have to go with the first buyer you see.

When it comes to purchasing gold, GoldMoney is a site to consider using. It’s like opening a bank account which trades in gold. You set up an account, deposit your funds, and you’re assigned some gold at a price that prevails to your account. Although you own the gold, it remains stored securely in the company’s vaults. You can sell it, portion it out, or even (given the right conditions) arrange to take deliver of it yourself.

You never know where you will find valuable gold; places like thrift stores are often great places to discover good deals. If you understand what to look for, you really can find some great deals. People frequently give these things away without understanding their value. You stand to gain a great deal if you come armed with a bit of research.

Make sure that you step up to the market with a sound mind and wary eye. Markets all have their share of unscrupulous players, but gold is a market that seems to have many. Many people want to keep the money you are owed for themselves. It’s important to be cautious and do full research.

Prior to coming to any decisions with regard to a gold buyer, shop around. You might be amazed by the variety of offers received. If you go with the first buyer that you meet, you may end up with the worst deal possible. Take time to get the most cash you can for your pieces.

While many people like gold, few of them know anything about it. However, after reading this article, you now know much more. Take this knowledge and use it to help you make wise gold choices.

Tips For Making Money By Investing In Gold

Since the economy has endured difficult times as of late, we are seeing a resurgence in the importance of the gold market. If you’re interested in gold, the material here can provide some excellent investment insight. Keep reading for several useful tips.

Make sure that you get a quality estimate from a reputable source before selling your gold. Gold buyers include all types of businesses ranging from jewelers to online companies. Nearly every one has different profit levels that they must maintain. If you’re able to work with a couple of different places, you can see if you’re getting the best deal.

Bullion bars might be the best gold investment you can make. There is a great variety of different weights. They can range from a half an ounce to bars that weigh four-hundred ounces. If 400 ounce bars interest you, know it will be hard to find them.

Research any gold buyer you are considering using and shop around for a reputable buyer. Read online reviews and check with your local Better Business Bureau to find out if a dealer has any complaints filed against them. Additionally, get several offers before selling to a gold dealer to ensure you get top dollar.

Sell your gold online. You no longer need to visit a physical store to buy and sell gold. You can buy and sell your gold at many websites online. Most sites work by mailing you a mailer or kit. You then use your mailer to ship the gold. You will receive payment based on the current market value of gold when your items arrive.

Do your research and know what the latest gold price is before you sell your jewelry. That will help you determine whether or not a dealer is actually offering you a good price for your pieces. Dealers often assume that people who are trying to sell gold need quick cash and will try to take advantage.

If you’re clueless about the value of your gold jewelry, have it appraised. Although you’re spending some money up front, at least you’re getting fair market value for your items. Make sure that you get a truly realistic value from an appraiser that is accredited. 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.

Your buyers should always have gold-buying licenses from the state. Although anyone could rip you off, the chances are slim when working with someone who is licensed. There is a lot of competition out there, so you can sell to someone else if you’re not happy with the first offer.

As exhilarating as gold gets, don’t run your mouth about it. You don’t know who is listening, and you don’t know who you can trust. Stay quiet about the investment and make sure you keep it safe. This is the best way to protect yourself and your gold investment.

Use a magnet if you want a cost-effective way to determine whether or not the precious metal is real. Gold is not magnetic. Check the clasp separately from a chain. You will find this to be an effective way of testing this.

Fine Print

Figure out what all of the fine print means when you’re working with a sales contract. Read any fine print before you decide to offer your gold to a mail-in buyer. This lets you know how much you end up with after any fees are taken off the top.

Gold has always been an excellent investment and a good way to insure wealth. The poor economy in recent years has only boosted this trend. Hopefully, the advice here will show you the best way to use gold to build your wealth.

Make The Most From Buying And Selling Gold With These Tips

As the dollar has declined in value lately, gold has looked like a more and more attractive investment. Gold is the most popular metal to invest in, and it’s value improves as the dollar falls. Use this article’s tips as you consider an investment in gold.

When you invest in gold, the best way to invest in is bullion bars. You can find them in several different weights. Smaller pieces are as little as half an ounce, while others reach hundreds of ounces in size. The 400 ounce bars are generally hard to find.

Sell Gold

Sell your gold online. It is now easy to sell gold without having a physical store location. It is possible to utilize a website to sell gold items. The online business will provide you with a special kit that you can use to send your gold pieces. You will receive payment based on the current market value of gold when your items arrive.

The high price of gold may give you the idea that gold-filled or gold-plated jewelry is better. However, don’t feel that to buy gold of real value you need to pay a high price in a fine jewelry store. Pawn shops and online sites have hundreds of gold pieces for sale.

If you decide to take any scrap gold or jewelry to local places that pay cash for gold, shop around. Even the market “spot” price of gold is a national standard at any given moment, not all stores pay it. Stores that aren’t in big shopping malls tend to have much lower rent and may pay more.

As exciting as buying gold can be, avoid telling people about it. Someone around you could be listening in and be untrustworthy. Keep your gold investments to your own self, locked up and secure. Consider a bank lockbox or a safe at home. This will protect your gold in all circumstances.

Remember to look for gold in thrift and antique shops. If you you’re aware of what to look for, you can find some great bargains. A lot of people don’t know the value of what they have, and just give or sell cheaply to those places. If you know what you’re doing, you can make the money they did not.

When dealing with any gold buyer, make sure you shop around before making any final decisions. You’d be surprised in the variance of prices you’ll get offered. When you just take buyer number one, you may lose money. Take a bit of extra time upfront so that you have the most cash possible in your pocket.

Before you sell a piece of jewelry for scrap, have the piece appraised first. You should do this for special pieces. Unique pieces may be worth more intact than they would if eventually melted down. You may have to pay for the appraisal, but it might help you get more money. Appraisers might be aware of someone that wants to purchase your jewelry.

A lot of times, earring backs are gold, even when the earrings themselves are not. Necklace clasps and bands to rings are usually real, too. In these instances, it’s best to sell the gold parts in a lot. By selling them as a collection you will get a higher price.

You can make gold investments without owning gold. It is possible to purchase stocks of gold mining companies, shares in a gold ETF or a mutual fund whose focus is gold. If you decide to buy gold bars or coins, consider how much it would cost to store it securely.

Get to know the dealer before buying gold. To ensure you’re dealing with someone legitimate, do some research with the BBB. Speaking with the BBB will help you learn of any complaints a dealer may have. If you notice there are registered complaints, then you need to choose another gold dealer.

There are a number of strategies to consider when you invest in gold. People can invest in physical gold, stocks, or even shares. This article delved into the different strategies used for investing.

What You Probably Did Not Know About Gold

Gold has always had the reputation of being a highly prized commodity. Since it’s discovery eons ago, people have treasured gold. If you want to start trading in gold, the tips below will help you.

Bullion bars are an excellent gold investment. Bullion bars come in a variety of weights. You can find them from a half ounce all the way up to four-hundred ounce bars. If 400 ounce bars interest you, know it will be hard to find them.

Before buying or selling gold, know how all the prices work. Gold, along with silver and platinum, have prices that change on a whim. Therefore, you must always know what the spot price currently is. 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.

Gold Broker

Make sure you research any gold broker you do business with. You want to work with a reputable gold broker. 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.

Consider selling gold online. You no longer need to visit a physical store to buy and sell gold. Take advantage of websites that allow you to sell gold. You will receive a kit that will allow you to mail your gold items off. They will give you an offer, if everything goes properly.

If you’re thinking of getting gold to help you retire, you need to get the right variety. The IRS needs to approve the gold. Only 24K coins and bullion bars are eligible. If you can, purchase bars rather than coins since they are more valuable.

If you don’t have much money to invest in gold, you could start by purchasing scrap jewelry pieces. This is easy to do over time, and can lead to an accumulation of real value in the span of a year or two. Ensure that the gold is safely stored and secured at all times.

Melt Value

If you are looking to sell gold, the first thing you need to figure out is if you’re going to offer it up as an entire jewelry piece, or seek the melt value. Many private buyers and pawn shops are only willing to give the melt value. Don’t let this hamper you, because you’ll find the right buyer eventually.

On the day you are planning to buy your gold, check the spot price. Many sites offer this information, plus it changes every day. Never pay in excess of 8% markup above the spot price. Some will attempt to charge even more, but that isn’t ethical.

Whenever you begin the gold selling process, you need to be educated on the market price. Look around to understand what people are asking for similar pieces. In this way, you will have a good idea of how to price your gold. Always start a little higher that what you are actually hoping to get, so you have room to negotiate.

Make sure you have separated gold as far as karats when you are figuring out your investments. Gold values vary based on karat weight, so lumping different weights together will result in a reduction in the price received. The greater the karat ratings, the more the gold is worth.

To get a good deal and protect yourself, research the gold buyer critically. If you choose to use a mail-away gold buying service, be sure you requested the service. Don’t just mail your gold and personal information off to someone who has asked you to. Consult the BBB to determine whether anyone has lodged complaints against a prospective buyer.

Now you should know more about gold values and why it’s treasured by many worldwide. Gold is a great thing to invest in, and it looks great too when you wear it. Use what you have learned to help you invest in gold soon.