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What You Did Not Already Know About Gold

The dollar isn’t increasing in value, but gold is! Gold is probably the most popular of the precious metals people invest in, and the value is increasing greatly as the value of the dollar decreases. The information in this article will guide you as you begin buying gold.

When selling gold, it is a good idea to get an estimated value from more than one source. Dealer prices vary by store. You’ll get a fairer price if you’ve gotten a few estimates.

When you invest in gold, it is a good idea to go with buillon bars. Their weights can vary. Smaller pieces are as little as half an ounce, while others reach hundreds of ounces in size. A heavier bar may be more difficult to find, however.

If the gold you are purchasing is an investment in your future, you must be aware that there are certain kinds you should target. You want to ensure that it is IRS approved. This means it needs to be in the form of coins or bullion that is marked 24 karats. Bars typically are more valuable than coins are.

Melt Value

If you’re selling a gold item that has value beyond its weight in gold, you need to choose whether to sell the piece for its intrinsic value or its melt value. Pawn shops and many private sellers are only looking to pay the melt value. It may take longer to find the right buyer, but you will get more money this way.

Check spot prices before you buy. This can be seen at numerous websites, but keep in mind it can often change. Paying for gold that is any higher than an 8% markup is not a wise investment. If you find a dealer asking for more than 8%, they’re overcharging and may not be ethical.

Don’t avoid searching antique shops or thrift stores for gold. If you you’re aware of what to look for, you can find some great bargains. Often people do not realize the value of old jewelry and simply donate it or put it in a garage sale. A little bit of effort on your part to look around can yield big results.

You can use a magnet to test precious metal inexpensively. Precious metals do not respond to magnets. In some cases, individual parts of a piece (like the clasp) may be solid gold while other parts are plated. A magnet is an easy way to test.

Prior to investing in gold, research the current market. There may be individuals that claim to be professional market gurus, but they’re just scam artist that want your investment. However, you should be leery of anyone who promises you wealth. Don’t think of it like a get-rich-quick scheme to avoid false expectations.

In many cases, earing backing are solid gold even the total piece is not. In many cases ring bands and the clasps of necklaces are real gold too. Since these items are so small individually, it’s best to sell them together in a larger lot. A larger profit can be obtained this way as many pieces are being sold in one “lot”.

Although gold can be a lucrative investment, it can be volatile. If you’re not wanting to stomach the ups and downs, then you need to steer clear. However, if you have some ability to weather such swings, still be sure to safeguard your downside potential risks. Only a small portion of your portfolio should be tied up in gold. Typically, you should be okay with five percent.

When investing in gold and various other precious metals many people incorporate different strategies. While many find riches dealing in silver or platinum, others are able to reach their goals with gold. Hopefully you now have a better understanding of the different ways that you can invest in gold.

Use These Ideas And Increase Your Gold Knowledge Today!

Gold has gained popularity in the recent years. People are continuing to invest in gold to protect their wealth. Find out how to get the best return on your gold investment.

Stay with reputable firms when selling gold. Check reputations at the BBB and via online reviews. If you are being offered good customer service and an honest price for the gold, then you are dealing with a reputable buyer. Don’t let yourself be taken advantage of.

Scrap Gold

If you’d like to leap into the world of gold investing without having to pony up a large amount of money at the start, buying scrap gold may be the right tactic for you. After a year of buying a little gold each payday, you could end up with a valuable collection of scrap gold. Be sure to stash your gold safely away until you decide to sell it.

If you intend to convert your gold jewelry into cash, you’ll have to choose between selling it as jewelry or for the “melt” value of the gold it contains. Most buyers will offer you just the melt value for your gold. It may take longer to find the right buyer, but you will get more money this way.

Find out the spot price for gold on the day that you’re planning to buy. Many sites offer this information, plus it changes every day. You shouldn’t pay more than 8 percent over the spot price. There are dealers who attempt to charge a higher amount, but they are unethical and simply overcharging.

Your buyers should always have gold-buying licenses from the state. There’s always a risk of getting ripped off, but a buyer who is licensed poses far less risk of this occurring. There are a number of people out there willing to buy, so avoid thinking you have to go with the first buyer you see.

Go through thrift shops and antique stores looking for gold. A smart and educated gold shopper can make some great finds. People frequently give these things away without understanding their value. If you are smart, you can make a great profit.

Research the daily spot price before you sell your gold. Also, ask around to find out how much similar pieces are going for. That way, you will have a good starting point. People will haggle, so ask for more than you will actually settle on.

Always make sure you’re researching the gold market prior to investing in anything. There may be people claiming to be market gurus who are trying to lure you into investing with them. However, you need to be very careful when it comes to promises about making you rich. You will certainly avoid the getting rich quick way of thinking if you have realistic expectations.

You should appraise your jewelry before selling it for scrap gold. You should do this for special pieces. Unique pieces may be worth more intact than they would if eventually melted down. Although you will probably have to pay for an appraisal, you might find you have something worth a lot more than you thought. Appraisers also may know of an interested party for your precious jewelry.

Solid Gold

Sometimes an item will have solid gold backing; although, the jewelry is not solid gold. In many cases ring bands and the clasps of necklaces are real gold too. If you want to sell these, though, you need to get quite a few of them together to make it worth it. Selling in quantity increases your profit.

Gold has always been an integral part of people’s lives. When armed with the appropriate information, investors from all walks of life can safely invest in gold as a solid source of investment. Hopefully the information you gained from this article has made you wiser towards gold.

The Top Gold Information You Should Know About

Gold is not a subject that too many people know about. By not knowing much about gold, lucrative opportunities can end up passing you by. If you are like so many people, continue reading to find the best tips on how you can benefit from gold.

Before you put down your money for gold, make sure you have a firm delivery commitment from the seller. If a seller gives you anything other than immediate delivery, you need to have some kind of written contract or guarantee when your pieces are arriving. This should be spelled out in no uncertain terms. Don’t order anything without this document.

If you plan to invest in gold for retirement, be sure you purchase the right kind. The IRS must give its approval for your investment. You want to make sure you buy 24 karat coins or bullion bars. Bars are generally more valuable than coins and should, therefore, be favored.

When you buy gold for another, make sure it has a return policy. It’s not uncommon for many pieces to not be the receiver’s taste or the wrong size. It’s always a good idea to be able to get your money back on a jewelry purchase if it doesn’t work out for you.

You might sell gold melted down or as a jewelry item. Some buyers, including a lot of private sellers and pawn shops, only care about melt value. Try not to be discouraged. Sooner or later you will discover the purchaser you are seeking.

Take your time when you are considering dealing with a gold buyer. You might get surprisingly different offers that reward your patience. If you accept the first deal offered to you, you might be sorry. Get the most money for your gold by spending time to comparison shop.

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. If the piece is real gold, the magnet will not be attracted to it. In some cases, individual parts of a piece (like the clasp) may be solid gold while other parts are plated. The magnet will tell you the truth.

Speak with professionals to learn different strategies to find the karat value of gold. Many items are stamped. If there is no stamp, there are different ways to test the gold to ensure it is solid. 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.

Do your homework before rushing to invest in the gold market. There may be people claiming to be market gurus who are trying to lure you into investing with them. Do not buy into promises of quick riches. Don’t think of buying gold as a means to overnight riches, and you will never end up being disappointed.

Earring backs are often solid gold when the earring isn’t. Quite often, necklace clasps and ring bands are real too. Since these items are so small individually, it’s best to sell them together in a larger lot. With a quality of items, you may be able to get someone to buy them together, hoping for greater profits.

Prior to selling your gold to a buyer, jeweler or dealer, check them out on the BBB. You may find complaints that have been listed by the customers who feel slighted. Don’t worry too much about complaints that have been satisfactorily resolved. If the number of complaints is high, it would be a wise decision to do business with a different company instead.

As previously discussed, for as many people as there are that love gold, very few know much about it. But now that you have read this article, you know more about it. Use this knowledge to make the best possible choices in dealing with gold.

Tips To Help You Make Money With Gold

Because the dollar is something that’s worth less and less, a lot of people have found that gold is the answer. It is the most popular precious metal as the value is always going up. Use these tips the next time you want to buy gold.

When you sell gold, you should obtain a type of estimated value from multiple sources. There are quite a few stores selling jewelry or that buy it, and they sometimes make more money on the gold than you make on it. By shopping around, you will get a better idea of what the gold you are selling is really worth.

Melt Value

Be well informed about the value of precious metals before buying or selling gold. The value of gold tends to fluctuate, which is why it is important to understand the market trends. You also will have to pay more than melt value, but you will sell below melt value.

If you’re thinking of supplementing your retirement funds with the help of gold investing, it’s important to understand what type of gold to invest in. Your gold has to be IRS approved. This means it needs to be in the form of coins or bullion that is marked 24 karats. Try to buy gold bars more than coins, because they are much more valuable.

Whenever you buy gold jewelry on the behalf of another person, make sure that it can be returned. People’s tastes are different and you don’t know the whether the person will like what you buy. In those cases, you should return the jewelry for a refund.

Get an appraisal if you do not know the value of your gold jewelry. Paying a professional to appraise your item is a good investment. In order to maximize reliability, make sure the appraiser is independent and accredited. However, do not expect to receive the exact amount suggested by the appraisal when you sell the gold.

Before you sell your jewelry as scrap gold, have it appraised. The more intricate the jewelry, the more it will be worth. While the appraisal costs money, you might end up with more later on. The appraiser may also know someone who maybe interested in your jewelry item.

Solid Gold

Sometimes an item will have solid gold backing; although, the jewelry is not solid gold. Clasps of necklaces and ring bands are often real gold as well. They don’t weigh too much so you may want to sell them all together. A large quantity can assist you in profiting better from them.

You can still invest in gold without physically owning any. Buying gold-focused mutual funds and stock in companies that mine gold are other options for investing in gold. For those that want to buy real gold, make sure you think about how you are going to keep the items safe.

Before selling gold, separate everything by karat. When you try to sell your gold as one large group, the seller might attempt to weigh everything at the karat weight that is lowest. That will result in a lower payout for you. So keep each piece separated to ensure you get the most you can.

Gold is often a lucrative, yet variable investment vehicle. Steer clear of this investment if you are easily stressed. Even if you are okay with taking the risk, you need to prevent downside risks. Do not invest more than a tiny percentage of your portfolio in gold. Many experts say that no more than 5 percent of your assets should be devoted to gold.

You need to know how to test the grade of the gold you buy. You measure the purity of gold in karats. Higher karats mean more value. Don’t rely on the karat stamp. Knowing when you should test gold’s purity can help you avoid overpaying for poor quality.

When you want invest in any precious metals, you should know the various strategies. People can invest in physical gold, stocks, or even shares. Hopefully you now have a better understanding of the different ways that you can invest in gold.

Great Advice On Dealing With Gold

Shaky financial conditions everywhere have prompted interest in gold investing to spread. But, even experienced investors can be confused about the gold market. Read on to learn more about gold and how you can profit from it.

You can’t beat bullion bars for a solid gold investment. There is a great variety of different weights. There is a choice of half-ounce and then up to 400 ounce bars. The larger bars can be very difficult to find.

Gold’s price is always changing, which makes it important to know your piece’s value before selling it. If you choose to sell any gold, keep in mind that pieces that have different karat values need to be valued and weighed separately. You should not sell jewelry as gold scraps if its worth is higher because of the brand or design.

If you are interested in trying gold as a commodity, but you are short on capital for investment, start out with 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 stash in a safe place until you have enough of it to cash in.

Compare different gold buyers if you want to sell some gold jewelry or gold scraps. Bear in mind that the market price for gold you can find online (the “spot”) is only an average; different dealers will offer you different prices under (or even over) the spot. Stores not inside major shopping malls might have lower rent and overhead, and so can pay you more.

There are places you can send you jewelry to get paid. See how you can get your gold back if you don’t like the offer. Most companies will give you free shipping to them but charge you an arm and a leg for return postage. Understand what you will have to pay if you don’t like their offer. Protect yourself.

Enter the market carefully. There are many swindlers to be found in the gold market. Despite your best efforts, some buyers and sellers are more than happy to cheat you wherever possible. Always err on the side of caution, and fully research every option before taking it.

Research the daily spot price before you sell your gold. You also ought to do some comparison shopping when it comes to assessing price on similar items. Doing this will provide you with a helpful price to work around. Start the bidding a bit above what you really want. That way, the buyer can negotiate a little.

Use a magnet if you want a cost-effective way to determine whether or not the precious metal is real. Gold and other precious metals are non-ferrous, so they won’t be attracted to a magnet. In some cases, only an item’s clasp is solid gold, while the remainder is merely plated. A magnet is an easy way to test.

You can’t deny the influence of gold as a way to secure and solidify personal fortune, even for the most modest. In order to successfully trade gold, however, one must know a great deal about the process. The preceding article should have provided precisely such information.

Become Skilled In Gold By Trying These Ideas!

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. It is important to understand how the gold market works before you begin investing in it. Keep reading to glean a few insights about making gold investing work out well for you.

Always do your homework with regard to any person or entity from whom you are thinking of purchasing gold, and look around for a buyer with a good reputation. You want to determine how the business treats its customers and whether there are outstanding complaints against it. Additionally, get several offers before selling to a gold dealer to ensure you get top dollar.

If you are going to buy a particular gold piece from any seller, be certain that you know exactly when to expect the delivery. To ensure timely delivery request a confirmation on the shipping date. The expected delivery date should be noted somewhere. Only make the order if you have such a document.

Gold Jewelry

You may think that solid gold jewelry is too expensive and choose to purchase gold plated or filled jewelry. You still can get gold jewelry items without spending a lot at a local jewelry store. Pawn shops can offer many good deals and there are also many online buying options.

Be sure you research a company before sending them gold in the mail. Understand when you will be paid and how you can insure the mailer. Lastly, take a photo of all that you placed in the package in case there’s an issue later.

While buying gold is extremely exciting, you need to keep it quiet. 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. This will help protect you.

Be careful when dealing with the gold market. While there are unscrupulous traders and companies in every market, the gold trade is particularly noted for having a healthy helping of scam artists. Lots of people will scam you if given the chance. Do your homework before giving anyone your business.

Do your homework about the market value of gold before you sell. See what others are bidding for gold items similar to yours. You will get a realistic idea of what you can expect to receive for your jewelry. People will haggle, so ask for more than you will actually settle on.

Check out a number of gold buyers before making a deal. It might come as a surprise and you never what kind offers are out there! If you do not get several offers, you may not get the best price. Spend the required time to comparison shop before making any decisions.

In many cases, earing backing are solid gold even the total piece is not. Sometimes rings are only partially gold, and sometimes necklaces just have gold clasps. In these instances, it’s best to sell the gold parts in a lot. This just pulls together a number of gold pieces as a quantity, which might help you make a little more money.

The first thing you should do when selling gold is group the pieces by karat weight. If the vendor weighs all of your items together, you will not get a fair price for your higher karat items. That will result in a lower payout for you. Separate your items by karat in advance to avoid being tricked.

You can make money on gold; however, it is a volatile commodity. If you can handle quick jumps here and there, avoid it. If you can, try to reduce your downside risk. You should not allocate a sizable portion of your portfolio to gold. Generally, about five percent is an ideal limit.

Many people like the idea of trading gold to make money. Unfortunately, too many people don’t know enough about the gold market to make it work to their advantage. Hopefully, this article has solutions to the problem for those who want to learn more.

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

How would you feel knowing that gold investments can be a financial asset? Once you have the correct knowledge, you can begin investing in this market. Learn the tricks the experts use by reading this information.

It is always a smart idea to have more than one appraisal when you are considering selling gold. 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.

Comparison shop when it comes to selecting a 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.

Try selling gold online. Gold dealing doesn’t require physical stores anymore. Many websites want to buy gold from you. Contact the site, and they’ll send out a shipping kit so you can send them your gold. If everything is together, you’ll get paid their going rate.

If you have an interest in getting into the gold markets, but don’t have a lot of investment capital, consider buying scrap. You can accumulate scrap gold as you can afford it and have a pretty nifty next egg in a few years. However, ensure that you have secure storage for your collection.

Realize that any piece that contains gold can be sold to a buyer. Examples of saleable items include broken jewelry, spoons, forks, household goods, etc. It is not really necessary for these items to be solid gold. It may simply be gold plated or part of the item has gold within it. You may still get a little of your initial outlay back.

Although buying gold is exciting, don’t talk to people about this. You don’t know who is listening, and you don’t know who you can trust. Make sure you keep your gold investments to yourself and protect them by storing them in a local bank safe deposit box. This is the best way to protect yourself and your gold investment.

Get a good grasp on what you own. Just because something looks like gold doesn’t mean it is worth gold’s weight. Usually other metals are combined with gold to provide more strength. This will reduce the value. Also, some items may only be gold plated. Get your items appraised before selling your gold.

A lot of times, the earring posts are made from solid gold even though the earring may not be. Necklace clasps and ring bands are frequently real gold too. They don’t weigh too much so you may want to sell them all together. This just pulls together a number of gold pieces as a quantity, which might help you make a little more money.

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. You will walk away with less money. Have your pieces split up by karats in advance so that you can maximize the return you get out of the sale.

When you make a transaction with a gold buyer or seller, make sure you understand all the terms. Gold is a huge market that has some serious money involved in most transactions. Make sure you completely understand the contract you are signing. Don’t be afraid to pass on anything that has terms you don’t agree to. It will pay off to know you have financial protection.

When you are selling gold, sort your gold pieces by their value in karats. The value of gold varies by karats, and weighing your gold together can cheat you out of money. Gold with higher karat value is more pure and therefore more valuable.

Overnight fortunes will not be found but steady growth of profit can easily be achieved. A series of modest goals, combined with dedication, will lead to success. Steady gains are the name of the game, so just enjoy the process without stressing over it.

Read This If You Are Interested In Gold

People have always been attracted to gold and investing in it, and this could be no more true than during these tough economic times. It’s going to never go away it would seem. This article can help you learn about the different ways to invest. Read this article for tips on gold investing.

Before buying or selling gold, know how all the prices work. Metal prices fluctuate constantly, so you need to know the price on any given day for a transaction. A higher percentage over the melt should be expected when purchasing fractional gold pieces such as 1/2 or a 1/4th ounce against a one ounce piece.

Think about selling gold on the Internet. Gold dealing is no longer something that takes a brick and mortar store. There are dozens of reputable websites where you can buy and sell gold. Most sites work by mailing you a mailer or kit. You then use your mailer to ship the gold. They end up paying you once they receive it, but they usually won’t pay you a lot.

If you want to send jewelry to a gold company via mail, check them and their conditions out carefully before going to your post office. Ensure you understand the reimbursement terms, and don’t neglect to purchase postal insurance for the package. Take a photo of what you mail to battle against disputes down the road.

When purchasing gold, check to see if the dealer offers a return policy. You do not know if the gift receiver will like it or if the piece fits. For this reason, it is important to purchase jewelry items that come with a money back guarantee.q

Realize that any piece that contains gold can be sold to a buyer. It could be a broken jewelry item, table settings, home decor items or anything that is in the house. It doesn’t need to be 100% gold either. It may simply be gold plated or part of the item has gold within it. You may still get a little of your initial outlay back.

Be careful in the gold market. Of course, all markets have their bad apples. However, the gold one has lots of them. Lots of people claiming to be honest gold buyers really just want to trick you. You need to exercise caution and do your research.

You can use a magnet to determine the authenticity of gold. If it is a true precious metal, it will not adhere to the magnet. Sometimes the clasp of a piece is solid, however the rest will be plated. Using this technique will help ensure your pieces are solid gold.

Frequently, earring backs are made of solid gold. This is the case even when the earring is not made of pure gold. The bands of rings may be as well, even if the rest is an alloy. They don’t weigh too much so you may want to sell them all together. The more you have, the more they will weigh.

Before doing business with an gold dealer, you will want to inquire with the BBB. They’ll have basic resources for you such as reviews and complaints from other customers. Take a close look at complaints, and look to see if resolution was achieved. If there are a lot of complaints on their record with the BBB, move on to a different business.

You can actually sell your gold through the mail! Many people prefer this option because it is really easy. A prepaid envelope comes to you; you place your jewelry inside and send it back to the company. But, keep in mind that you may not get as much money this way. In certain instances, you might get roughly 30 percent less on the item, so stand guard.

Gold has been used throughout history to build and maintain wealth. Since the economy has faltered in the last several years, we are now seeing a rise in people participating in the gold market. With any luck, the tips and advice found above should provide you with a resource you can use to continue building wealth with gold.

Gold Information You Will Not Find Elsewhere

Many people have an affinity for gold but aren’t truly familiar with it. This means that many people don’t know about the financial advantages of gold investing. If you happen to be someone that isn’t knowledgeable about gold, then the tips presented below will be of tremendous value to you.

You may think that solid gold jewelry is too expensive and choose to purchase gold plated or filled jewelry. You don’t have to spend a fortune buying jewelry at a specialized shop. Pawn shops and online sites have hundreds of gold pieces for sale.

Current Market

Before going to sell your jewelry, investigate what the current market price of gold is. 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.

Look into buying scrap gold if you can’t afford to get into the bigger market. Invest small amounts of money in scrap gold. After a few months, you will have accrued a significant store of gold. Find a secure place for your stash until there is enough for you to cash it in.

When considering mailing your gold away for sale, be certain you know how much return mail will cost should you change your mind. Companies often provide free shipping, but it can be costly to get them back to you in the mail. Be sure you figure out what things will cost before you start mailing off your jewelry.

Do not discount the value of searching through antique stores or thrift shops for your gold. You can find bargains in these places. People frequently give these things away without understanding their value. If you conduct research, their loss can turn into your gain.

Be aware of the true value of your items. Appearance alone is not an accurate gauge of the value of your gold. In many cases, additional metals have been mixed with the gold to strengthen it. This actually lowers the price of the gold. Gold-plated items apply the same principle. If you are not certain about what you have, an appraisal before selling is wise.

Comparison shop when you are choosing a buyer. You may be surprised at the differences in the offers that you’ll get! If you sell hastily, you may wind up with a poor return. Be cautious and go slow in order to get the best deal for you.

Earring backs are often solid gold when the earring isn’t. Necklace clasps and ring bands are frequently real gold too. You can sell these small pieces together. Selling lightweight gold in a lot will increase your chances of selling them.

The price of gold has increased 400 percent over the past 10 years, and that is great for gold owners. No one knows whether it is smart to invest in gold right now or not, though. In general, when the dollar is weaker, gold prices tend to rise.

Be sure to find out about a buyer who may purchase your gold in order to be protected. This is critical if you are looking into a mail-away type service with a buyer in another state or community. Any company you want to do business with should be BBB listed so you can check into them.

As was mentioned earlier, no matter how much they love it, most people don’t know much about gold. Since you’ve read the article above, you should be better educated. Use the information above to assist you in making wise decisions.

Get The Most On Your Quest For Gold Information

Since the economy has endured difficult times as of late, we are seeing a resurgence in the importance of the gold market. Want to seize the opportunity for yourself? Read on for some priceless advice.

Bullion bars are an excellent gold investment. The weights of these items may vary. From .5 ounces to 400 ounces, the choice is yours. It will be harder to find the bigger bars.

The market price of gold fluctuates daily, and sometimes even more often than that. You ought to know the latest number prior to trying to sell. If you make the decision to sell gold, separate your pieces by purity level. A designer piece, however, shouldn’t be sold because the item as a whole could be worth more than just the gold.

Do your research and know what the latest gold price is before you sell your jewelry. You can then discern whether you are getting the right price for your jewelry pieces. Many gold dealers will pay market value; however, some dealers try to get your gold cheap.

Gold Jewelry

If you don’t know what your gold jewelry is worth, consider having an appraisal done. The small investment required will ensure you get what your jewelry is worth. Look for an independent appraiser who is properly accredited if you want the most accurate value. When selling gold jewelry, you will receive only a percentage of the appraised value.

Take a look at the spot price prior to going out to purchase gold. The spot price is readily found on the Internet. Only place your order if you can find a dealer willing to sell for an 8% markup or less over the spot price. While many companies attempt to charge more, this is simply not ethical and should be viewed with caution.

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. Many companies offer free shipping but charge more for mailing items back. Understand what you will have to pay if you don’t like their offer. Protect yourself.

Be fully aware of what you have. Many things look like solid gold but are not. Sometimes other metals might be mixed into gold to make it stronger. That can make it less valuable. Gold-plated items apply the same principle. If you don’t know how much your gold is worth, then it would be wise for someone to appraise its worth if you intend on selling it.

Before you sell your jewelry as scrap gold, have it appraised. The more intricate the jewelry, the more it will be worth. The appraisal will give you the best idea as to the worth of your gold. The appraiser may also know someone who maybe interested in your jewelry item.

Many times the backs of earrings are solid gold, even if the earring itself is not solid. The bands of rings may be as well, even if the rest is an alloy. Those odd pieces should be sold as one lot, as they weigh so little on their own. The more you have, the more they will weigh.

Investigate with the Better Business Bureau before selling your gold to any purchaser. The BBB listing should include basic data about the company, along with details about any complaints made against them. Heed any complaints to see if the company resolved them or not. Businesses that have many unresolved complaints should be avoided.

When working with gold dealers, make sure to read all of the fine print you are given. There’s a lot of money involved in this business. You need to know what you are signing. When the terms aren’t up to your standards, don’t sign. Protecting yourself is hugely important.

As you prepare to sell your gold pieces, divide it into separate piles based on karat values. 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.

Almost everyone understands what gold can do for those interested in securing personal wealth. A lot of people decide to invest in gold in order to secure their savings. Use the information from this article as a valuable resource to help your build your wealth.