Get Involved In Gold With These Solid Ideas

Looking at gold as a way to obtain value isn’t a new concept, but its importance today is due to the downward economy. Want to seize the opportunity for yourself? Read this article for tips on gold investing.

TIP! 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 any gold, keep in mind that pieces that have different karat values need to be valued and weighed separately.

If the gold price is not to your liking, perhaps going with gold-filled or gold-plated jewelry is something to consider. You do get to buy gold jewelry without spending a ton at an actual jewelry store. It is cheaper online and at pawn shops.

If you plan to sell jewelry through mail-in companies, make sure to do your research first. Be sure you figure out when you’ll get sent a payment, and be sure things are insured too. Lastly, take pictures of all items you’re sending so you have proof in the event of a dispute.

TIP! Think about selling your gold on the Internet. You don’t need a storefront to buy and sell gold.

When purchasing gold, check to see if the dealer offers a return policy. You need a guarantee on any gold you buy. If this happens, you need to return it for a complete refund.

Melt Value

TIP! You may be put off by the price of gold, making you go with gold-plated or gold-filled jewelry instead. However, you can still find a deal now and then, which you can turn around and sell for a profit.

When selling jewelry, be aware that most gold buyers will only pay you on the melt value. 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.

Make sure that you know the current market value of your gold before selling it. This price can be found on a number of websites. When you actually go to buy, do not pay more than an eight percent markup over this price. Knowing the value of your gold will keep you from getting ripped off.

TIP! Know the current price per ounce of gold before selling your pieces. Doing so will help you figure out if a dealer’s offer is a good one or not.

Buying gold can be exciting, but you might not want to tell a lot of people about it. You never know who else could be listening or who you can really trust. Keep your investments safe and secured in a bank or home safe. These methods provide you with safety and security.

Learn how to verify the quality of gold pieces. Purity of cold is measured by karats. Purity will be indicated by higher karats and a higher price. Gold may be stamped with a karat stamp but you should always test it to be sure. You can make sure you never pay too much for poor gold quality when you know exactly how to test gold purity.

TIP! If you’re thinking of getting gold to help you retire, you need to get the right variety. The IRS must have approved the gold that you receive.

If you are trying to acquire some gold as an investment, check with friends and family to see if they have any broken jewelry pieces they want to sell. Buying gold from people you know cuts out the middle man so both sides will make more money than they would going to a pawn shop.

If you have gold that has gems inside it, once it’s melted down see if you’re able to keep it. Most stone are quite easy to remove from gold jewelry. Most dealers are not interested in very small gems, as they hold no value when a piece is melted down.

Gold Coins

Pre-1933 gold coins are a great investment. President Roosevelt recalled these coins in 1933. However, many people held onto their gold coins, and they are available from coin dealers today.

TIP! Only buy gold jewelry if you can return it. It is impossible to tell if a jewelry item will be well liked or suitable.

You don’t want to purchase too much when you’re investing in gold. Do not expect to get an income from your investment in gold. The price of gold can fluctuate wildly. As equities decline, gold increases in value. Never invest greater than five percent of your whole portfolio in gold.

Know what you’re buying. Some coins out there that you may think are gold or actually gold-plated. To ensure you are getting a gold coin, have the coin appraised.

TIP! Realize that all items containing gold have some sort of resale value to dealers. There may be broken home decor, tableware, jewelry, or other things that are around you.

Gold has always been an excellent investment and a good way to insure wealth. This is even more the case given the economic turmoil of recent years. You should understand how to successfully use gold to build your wealth after reading this article.