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

Precious Metals

Learn how precious metals are priced before you trade in gold. The prices of precious metals fluctuates daily, so it’s best to know the price of the day. A higher percentage over the melt should be expected when purchasing fractional gold pieces such as 1/2 or a 1/4th ounce against a one ounce piece.

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

If you are buying gold jewelry as a gift, make sure you have a money back guarantee. It is impossible to tell if a jewelry item will be well liked or suitable. By ensuring that the dealer offers a return policy, you can help protect yourself.

Melt Value

If you’re selling a gold item that has value beyond its weight in gold, you need to choose whether to sell the piece for its intrinsic value or its melt value. Pawn shops and many private sellers are only looking to pay the melt value. However, if you are patient, you will find a buyer who is willing to pay top dollar for your jewelry.

When sending off your jewelry, you need to consider the shipping cost to you if you’re not satisfied with the offer given. A lot of companies say they offer free shipping, but if you refuse their offer they charge a great deal. Know what you’re up against before you mail anything away.

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

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

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

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

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