Monthly Archives: October 2013

Gold Information You Probably Did Not Know About

Gold prices seem to never go down. If you want to know how you are able to get involved, know you can sell and buy gold like a pro investor. Here are a few tips to get you off to a good start in the gold market.

Before you get into investing or selling gold, it’s best to understand how it works. The prices of precious metals fluctuates daily, so it’s best to know the price of the day. Watching the market can help you to buy or sell your gold at a great price.

When you purchase gold, it’s important to set a fairly stringent schedule for delivery of your metal. If your seller doesn’t give you an immediate deliver, get it in writing confirming when you are to expect your piece. This should include the date the gold will arrive to you buy. 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. People’s tastes are different and you don’t know the whether the person will like what you buy. If that happens then you’re going to want to return it and get your money back.

Comparison shop when selling old gold jewelry. Even the market “spot” price of gold is a national standard at any given moment, not all stores pay it. Independent gold dealers with low overhead, for instance, may be in a position to offer you better terms than upscale jewelry stores.

If you think you’re going to mail off your jewelry, you should see what it’s going to cost to have things mailed back if you don’t like their offer. Many companies will pay for your postage when you send but charge a high price when they return the piece to you. Be sure that you find out ahead of time how much it will cost to get back your jewelry.

Think about GoldMoney and other such services when you want to buy gold. It’s like opening a bank account which trades in gold. You have started an account, and you’ve bought gold at a particular price. The gold rests in the bank where you can trade it for cash, portion it out, or redeem the gold for bullion bars.

No matter the excitement gold buying brings, do not spread the word. You cannot put your trust too easily on people. You want to keep these investments safe, mainly stored at the bank or at home if you’ve got a good safe. These methods provide you with safety and security.

Look around before buying from a particular gold buyer. The chances are good that you will get completely different offers for your gold. If you take the first offer, you might get the worst deal ever! Think about this ahead of time so that you can put the most money inside your pocket.

Fine Print

Always read any fine print on your contracts. Read any fine print before you decide to offer your gold to a mail-in buyer. This allows you to know how much of your proceeds will be used to pay for commissions and fees.

Many times earring posts are made of solid gold, even when the actual earring is not solid. This is true of earring backings, necklace clasps and the bands of rings. You can often sell these smaller pieces together to get more money. You may get more money this way.

Check Better Business Bureau ratings for gold dealers and jewelry stores before deciding where you want to sell your pieces. The BBB has information about each business including any complaints or reviews from others who have used their services. Look at any past complaints customers may have had and how they were resolved. If you see many complaints, then you need to find another business.

When you are selling gold,make sure you separate the pieces into similar karat groups. Gold prices vary based on karat weight. Therefore to get the best money on your investments, it should be separated by karat value. Gold with higher karat values is more valuable.

Research any buyer before you decide to purchase any gold. If you’re selling your gold through the mail, this is even more important. Ensure the gold-buying companies you’re using are listed with the BBB to see if any issues or complaints were filed against them.

Hopefully, the tips included above will be of help to you, whether you want to trade gold, buy it or even sell it. Once you are ready to get started, you should be able to do well if you work at it. This article should have prepared you to be an investor.

Crack The Gold Code By Trying These Tips Today!

Gold has held its value despite market instabilities, and this has made it an extremely popular investment. You may wish to use gold as a kind of safeguard for your investments. Eliminate your doubts with the tips below.

When you sell gold, get an idea of value from a number of sources. There are many buyers who purchase gold, but prices vary from one professional to the next. By getting multiple estimates, you can be assured that you will get a fair price when you sell.

Consider delivery time when buying gold. If the person selling you the gold does not deliver the product right away, it is necessary for you to obtain a written estimate of when your items should arrive. The confirmation should include an estimate of the delivery date. If you cannot get this document, do not complete your order.

Buy Gold Jewelry

If the gold price is not to your liking, perhaps going with gold-filled or gold-plated jewelry is something to consider. You can still buy gold jewelry without spending a fortune at a store. You can buy gold jewelry more cheaply in pawn shops or online.

If you’re thinking of getting gold to help you retire, you need to get the right variety. You want to ensure that it is IRS approved. Gold for this purpose must be bullion bars or gold coins of 24 karat weight. If you can, purchase bars rather than coins since they are more valuable.

Make sure that you step up to the market with a sound mind and wary eye. There are many unscrupulous companies out there who deal with gold. There are plenty of honest dealers; however, there are also people who are only out to steal your personal information. Do your homework before giving anyone your business.

Before you sell your jewelry as scrap gold, have it appraised. This is particularly true for unique pieces that have exquisite workmanship and design. While you will probably pay to have an appraisal on your gold, this can certainly increase profits further along the way. This is also a great way to locate buyers who might be interested in your gold.

You can sell your gold by mail. Many sellers enjoy this method due to how simple it is. You get a mailer that is prepaid, place jewelry inside and send it, and you get a check. With the extra expense and the tendency of these companies to pay lower premiums, your profits may be deleted quickly. You might even take a thirty percent loss. Understand that going in.

It’s best to acquaint yourself with any would-be dealer before you do business together. Speak with the BBB in your area to be sure the dealer is reputable. That way, you can learn about any complaints made about the company. If a dealer has complaints files against him, go with another one.

You need to know how to test the grade of the gold you buy. You measure the purity of gold in karats. A higher number indicates a higher degree of purity and, therefore, a higher price. You cannot just go by the karat stamp. If you can test the purity, you will never over pay.

To make sure you get a fair deal, conduct sufficient research on your gold buyer. This is critical if you are looking into a mail-away type service with a buyer in another state or community. Be sure to check the BBB for listings of reputable and reliable gold purchasers.

You may be able to keep small gems from your gold item once it has been melted down. But, if they are tiny, it can be tough to separate them. Small gemstones usually have no value for dealers’s who melt down jewelry to reclaim the gold.

It’s essential that you do not buy too much gold at a time. Gold is not something that gives you the income potential that certain stocks and all bonds do. In addition, the value is very volatile. Gold rises in value as equities lose value. It is not a good idea to put more than 5 percent of your investment portfolio in the gold market.

Be sure of what you are purchasing. A lot of coins called gold are really just gold plated. Be certain of getting a solid gold coin by enlisting an appraiser.

Gold isn’t an in and out investment. Rather, this investment should be looked at as “wealth insurance”. Only buy when the market is stable. There have been gold shortages during hard economic times.

Gold Prices

Observe how gold prices are trending before deciding to sell. You have to wait for the perfect time to sell. This means understanding the fluctuation that occurs in gold prices. It is in your best interest to monitor gold prices for a bit before you sell.

The gold market has undergone a boom in recent times, probably due to the current poor global economic conditions. Knowing all you can about purchasing and selling gold is the easiest way to get the most from gold markets. Use the above tips to become more knowledgeable about gold investing.

Use These Ideas And Increase Your Gold Knowledge Today!

Gold is something everyone’s curious about but not everyone is knowledgeable on. Without the necessary knowledge, it may be difficult to make the most of the benefits of owning gold. These tips will help you learn more about gold and the market for it.

Gold Jewelry

You may think that solid gold jewelry is too expensive and choose to purchase gold plated or filled jewelry. However, it’s still possible to buy gold jewelry and not need to spend a fortune at the jewelry store. Online auctions, estate sales and pawn shops are only some of your options.

Know that anything that has gold in it is sellable to a gold dealer. This could be tableware, broken jewelry, and other stuff you have around your house. Mixed metal items can be sold as well. Items that are partially constructed of gold or even gold plated are acceptable. You can still find a nice return on the sale of it.

Be cautious with the gold market. All markets have their flaws, and the gold one is no exception. Lots of folks are willing to steal right out from under you. You need to do your research and be careful.

Comparison shop when you are choosing a buyer. You’ll be surprised by all the different offers you’ll get. If you stick with your first buyer, you could get a terrible deal. Taking your time can really end up getting you the best deal out there.

Read and understand the fine print in a sales contract. If you want to sell gold to mail-in gold buyers, read the small print carefully before you sell. This helps you understand what you will have to pay in fees and commissions.

Before you consider selling your gold, check the BBB.org website. You may find complaints that have been listed by the customers who feel slighted. You definitely want to notice any complaints, whether resolved or not. A multitude of unresolved complaints is a good indication you should do business elsewhere.

Read the fine print on all forms you have to sign. Gold buying and selling is serious business, not a game. Be aware of what you’re signing. If you aren’t a fan of the terms, go somewhere else. It’s important to protect your finances.

Before buying gold, know your dealer. Call the Better Business Bureau to make sure dealers are reputable. You can phone the BBB or visit their website to see if any customers have filed any complaints against a company for not-so-great business practices. If there are any, try using another dealer.

As addressed at the start of this article, a great many people love gold but very few of them really know anything about it. Hopefully you now have a better understanding about the benefits of investing in gold. Use the above tips to make smarter gold decisions.

Investing In Gold And Making A Fortune

When it comes to finance, gold still remains king. Don’t you want to learn more about gold so you can keep a strong grip on all of your investments? There are many decisions you must make, from buying gold stocks to purchasing gold bullion. Keep reading to learn some more information about the financial investment of gold.

It is always a smart idea to have more than one appraisal when you are considering selling 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. When you get an estimate from more than one, you can help to ensure you’re getting a fair price on the gold you’re selling.

Bullion bars are a great choice if you wish to put your money in gold. They come in varying weights. They range from just under an ounce on up to 400 ounces. If you want a 400 ounce bar, you may have a hard time finding one.

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. Different karat values will be valued and weighed separately when selling your gold. Never sell any jewelry as gold scraps that’s worth more than the gold itself due to the designer.

Know what you actually have in your possession. Many things look like solid gold but are not. Other metals are frequently put together with gold in order to make it stronger. This can lower the price. This also applies to gold plated items. If you’re not sure about the value of your items, you should have them appraised before you try to sell.

If you’re at a gold party you should speak with the person in charge so you can figure out what karats are in the jewelry. Many pieces of jewelry will be stamped with a karat rating. 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.

Earring backings are usually solid gold, no matter if the earring is or not. Clasps of necklaces and ring bands are often real gold as well. The weight is low, so sell these items together. Selling in quantity increases your profit.

You can invest in gold without actually owning physical gold property. For example, many people purchase investments in gold mining corporations and mutual funds primarily made up of precious metals. Purchasing gold bars and coins means you must have a secure place to store them.

There are many different companies that you can mail your gold into. Lots of sellers like this because it’s convenient. The company will send a bag for your jewelry and once they receive it back in the mail, they will send you a check. Although this method of selling your gold is convenient, you might not get top dollar for your gold. Sometimes, you get paid 30 percent less, so you should be aware of that.

Avoid selling gold for no reason. Gold usually increases in value, so it is something you should keep around for a while. The longer you can hang onto gold, the more money you stand to make with it.

Gold has gone up by four hundred percent in the last 10 years, which is great news for gold owners. The rise and fall of the dollar determines the best times for buying and selling gold. If the dollar is weak, the price of gold is higher.

Knowing how to determine the grade of gold is essential if you want to invest in gold pieces. Purity is rated in karats. As the number increases, the purity does as well. You should not just rely on the karat stamp. Testing for gold’s purity will prevent you from paying too much for a poor piece.

The purest gold is the best to invest in. This investment can also be used as a fashion accessory. If the jewelry piece is especially well made, it can add to its investment value.

Gold is a great long-term investment. Don’t only purchase gold when the prices are high. Actually this is not when you want to make an investment in gold. If you buy gold in good times and bad, and don’t try to time the market, you get a better overall price.

You may be able to keep small gems from your gold item once it has been melted down. If they’re tiny, they may be very hard to remove. Many dealers do not appreciate small gems as they have no value after being melted down.

Gold Coins

If you are interested in purchasing gold, keep an eye out for gold coins made in the United States prior to the 30s. Until 1933, the American market saw gold coins in circulation. Not everyone just returned their gold, however. Gold coins from that era are still for sale now.

Before you attempt to sell your gold, be sure to have it appraised. Dealers may try to rip you off, so make sure you do your homework. Make sure you convey to the gold dealer that you know how the process works. Visit www.goldprice.org to check the current gold price.

Prior to reviewing this piece, you may not have realized all that goes into buying gold. These tips can help you make better choices for your portfolio. Use the tips from this article and start planning for your financial future.

What You Have Always Wanted To Know About Gold

Gold is probably the safest investment you can make with your money. You may be someone who has considered investing in gold, but doesn’t have any idea where to start. If that’s true, this article is for you. This article contains great advice for people who want to invest in gold.

If you are purchasing gold jewelry for another person, you must be certain about the return policy. It is impossible to tell if a jewelry item will be well liked or suitable. If that happens then you’re going to want to return it and get your money back.

When you plan to buy gold, make sure you look at the spot price. This price can be found on a number of websites. Never pay more than 8 percent over the current sales price of gold. A few dealers attempt to charge you more than this, but this means they are trying to rip you off.

Be cautious 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. Many people would like to take advantage of your lack of knowledge on gold. Always err on the side of caution, and fully research every option before taking it.

Make sure you are know exactly what you have. Just because it looks like gold doesn’t mean it’s valuable. Other metals are frequently put together with gold in order to make it stronger. This will reduce the value. So can gold-plating. If you aren’t sure what you’ve got, you should get it appraised before you sell it.

You can use a magnet to determine the authenticity of gold. 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. The magnet test is simple and effective for this purpose.

When at a gold party, talk with the rep about how they make the determination on the karats of the jewelry being sold. Many items are stamped. A visual cue may not be available so other methods are used to figure it out. A representative using acid tests is a sign of a less-experienced gold agent, as this kind of test is not one of the more surefire methods for karat determination.

You don’t have to be a seasoned investor to invest in gold. With these tips in mind, you will be ready to tackle the market. Keep in mind the tips you learned here, to help you.

Make Money In Gold With These Nuggets Of Knowledge

Gold markets have experienced an incredible uptick in interest and participation in the past few years, mainly due to investor interest in finding a safe, reliable place to warehouse personal wealth. There are many things a potential investor should know before leaping into the market, though, and not everyone possess such information. To learn more about the ins and outs of gold buying and selling, continue reading.

When selling gold, it is a good idea to get an estimated value from more than one source. A lot of services and jewelry stores are out there, and they will usually vary in how much they profit. You can be certain you’re getting the best deal by shopping around.

Reputable Buyers

When selling gold, sell to reputable buyers. Use resources like the Better Business Bureau and customer reviews. A reputable buyer will typically pay you a fair price for your gold, and they will offer better customer service than less reputable buyers. You should do this to better protect your gold investment and yourself.

You should always ask for timely delivery when purchasing some gold from a reliable seller. If this is not possible, make sure you get a written contract outlining when the items will arrive. A date should be spelled on this piece of paper. Don’t go through an order without this documentation.

If you feel that gold is too expensive, you may be tempted to purchase gold-plated as an alternative. You can acquire gold jewelry from a number of sources at a reasonable price. Try visiting a pawn shop or looking online instead.

Research any mail-in gold jewelry purchaser before sending your jewelry off to them. Be sure to understand when to expect payment and how to insure your items. Make sure that you photograph each piece of gold you’re sending before you mail it off.

Consider a fair return policy as an absolute necessity when you’re purchasing gold jewelry, especially if you intend to make a gift out of it. People’s tastes are different and you don’t know the whether the person will like what you buy. If that happens, you want to be able to send the jewelry back and get your money back as well.

Compare different gold buyers if you want to sell some gold jewelry or gold scraps. Many stores will charge a higher rate than the posted spot rate for gold. Some stores outside of busy urban areas do not have to pay as much on rents as stores located in a shopping mall and will offer a better price.

The popularity of the gold market won’t be diminishing any time soon. Before you get into unfamiliar territory, you should research carefully to start with. This article has provided you with great advice you must make use of to benefit from.

Everything You Have Ever Wanted To Know About Gold

This article will help you take the plunge and invest in gold. There isn’t a reason to get intimidated by gold; you should know that by learning about it, it’s easy to deal with. Gold investments can be beneficial to you, and you must know how to do it properly.

Get an estimate from several buyers before selling your gold. Several gold-buying services and jewelry stores get different profits for the gold they buy. You’ll get a fairer price if you’ve gotten a few estimates.

When you sell gold, deal with a reliable buyer. Use both Internet reviews and BBB complaints and information to discern someone’s reputation. Reputable buyers usually pay fairly for gold, and they often have much better customer service versus the less reputable ones. Stick with them to protect your own interests.

Delivery Date

Before you buy gold from a dealer, get a guaranteed delivery date. If the seller delays delivery, you have to get a written confirmation on when the expected delivery date is. The confirmation should include an estimate of the delivery date. Complete your order only when given this information.

If you don’t want to worry about storing, shipping and insuring your gold, consider buying GoldMoney instead. 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. While the gold itself physically remains within a bank vault, you can deal with it as you see fit.

Gold is a lot of fun to purchase, but refrain from announcing it to everyone. You may not know who is overhearing you, or who is trustworthy. Protect your investment in a secure home safe or in a safe deposit box. This ensures that you retain your gold and that it is safe regardless of the circumstances.

Always do your homework before investing. Several markets have bad companies, but gold is notorious for containing many. You must be diligent and do your homework. Research gold and gold companies before trading.

Talk to multiple vendors before making a decision about which buyer you’ll go with. It might come as a surprise and you never what kind offers are out there! Selling your gold to the first dealer you see could result in a very lousy deal. Instead, do your research and get the most for your gold.

Always make sure you’re researching the gold market prior to investing in anything. Many people will offer you their own insights and assure you that they’re providing real investment expertise. When they make huge promises, they can’t keep them. Don’t think of buying gold as a means to overnight riches, and you will never end up being disappointed.

Fine Print

Review all fine print in sales contracts. If you use any of the abundant mail-in gold buyers, study the fine print carefully before making the sale. This helps you understand what you will have to pay in fees and commissions.

Before selling gold, separate everything by karat. When you get into the weighing process during the sale, the vendor may try and trick you by weighing everything together at the lowest karat weight. You will get significantly less money that way, and the dealer gets more. Separate and weigh your gold so you know the true value before selling.

You can make money on gold; however, it is a volatile commodity. Gold investment may not suit you if your investment style isn’t prepared for a lot of up-and-down price movement. If you are able to handle it, then you can still limit the downside risk involved. Only a very small overall percentage of your portfolio should be invested in gold. Usually five percent is good enough.

Karat Value

Sort your gold by karats into groups if your are planning on selling it. Gold prices vary based on karat weight. Therefore to get the best money on your investments, it should be separated by karat value. Higher karat value translates to higher value overall.

Gold values continue to skyrocket as they have over the previous decade. This is excellent news for anyone who owns gold. Whether it’s the right time to invest in gold is not certain and depends a lot on the value of the dollar. Higher gold prices go hand in hand with a weak dollar.

If you make use of the advice presented here, you’ll be well on your way to a smart investing experience. Gold investment is still gaining in popularity, and you’ll be in an excellent position to get into the field with the knowledge you’ve just gained. With time, you’ll find that gold investing can be very advantageous.

“Golden Advice”: Top Tips For Gold Selling, Buying, And More

In recent years, gold has become amazingly popular as an investment. You may wish to use gold as a kind of safeguard for your investments. Read on to learn what you need to know.

Schedule for a proper delivery before buying gold from any seller. When dealing with a vendor, it pays to seek written confirmation of the expected delivery date. This is crucial if they do not offer the option to deliver immediately. There should be a date listed for when you can expect them. Proceed with the order only if you get this confirmation.

If you are thinking about selling some of your gold jewelry, know what the going market price for gold is. That will help you determine whether or not a dealer is actually offering you a good price for your pieces. There are some unscrupulous dealers that will try to pull one over on you.

If you’re going to sell your scrap gold at neighborhood shops, check out more than one. Many stores do not pay the going rate for gold. Stores that are not near shopping malls may have lower overhead and are able to pay more.

GoldMoney can be helpful when purchasing gold. It is very much like opening a “gold banking account.” After creating an account and depositing your money, you are allowed a corresponding amount of gold, which is then linked to your new account. The gold is in a vault being protected, but you can sell it or even have a bullion bar shipped to you.

Check out a number of gold buyers before making a deal. You’ll be surprised by all the different offers you’ll get. If you take the first offer, you might get the worst deal ever! Spend the required time to comparison shop before making any decisions.

When at a gold party, talk with the rep about how they make the determination on the karats of the jewelry being sold. Many times, the items are stamped. However, at other times, there is no stamp, so a lot of reps use other ways to find out. Using an acid test can be a great way to determine the karat of the gold.

Gold Market

Do your homework before rushing to invest in the gold market. There are predators out there in the gold market that claim to be big shots but just want you investing with them. On the other hand, you need to stay mindful about anyone who promises you they can make you rich quick. You will certainly avoid the getting rich quick way of thinking if you have realistic expectations.

Get a jewelry appraisal before you consider selling it for scrap. 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.

Investing in gold has significant profit potential, but it’s not for the faint of heart. If you can’t stomach market swings, avoid gold. However, if you have some ability to weather such swings, still be sure to safeguard your downside potential risks. Never put more than just a fraction of your total investments into gold. Start with investing 5% of your portfolio in gold so you can get a better idea of how this precious metal fluctuates.

Tough Economic

In these tough economic times, gold looks more and more like an investment you can’t live without. Gold thrives in tough economic climates, which looks to be the case today. Knowing about the gold market will give you a big advantage. Use the ideas in this article frequently, and you’ll get the wisdom you need in dealing with gold.

The Best Gold Information You Will Ever Find

It is widely recognized that the recent economic downturn has catapulted gold’s popularity among investors. Nowadays, you see many people trade in gold to ensure that portfolio is kept afloat, but most people are unsure of how to correctly buy in this market. This article was written to be of assistance to gold investors wanting to get as much from gold as they can.

You might balk at the high cost of gold, causing you to select gold-filled or gold-plated items. You can still buy gold jewelry without spending too much at the jewelry store. You can get gold jewelry cheaper online or in pawn shops.

Do your research and know what the latest gold price is before you sell your 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’re buying gold to save for your retirement, buy the right type. The gold must be approved by the IRS. Only 24K coins and bullion bars are eligible. Gold bars tend to hold their value better than gold coins.

Scrap Gold

Look into buying scrap gold if you can’t afford to get into the bigger market. You can accumulate scrap gold as you can afford it and have a pretty nifty next egg in a few years. Just make sure you have a safe place to store your little stockpile until it is time to upgrade.

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 private buyers and pawn shops are only willing to give the melt value. Don’t give up; eventually, the right buyer will come your way.

Always check the daily spot price before you buy gold. This information can be found on several different websites. Never pay more than 8 percent over the current sales price of gold. Some dealers will try to charge more, but they are overcharging and oftentimes, not ethical.

When considering mailing your gold away for sale, be certain you know how much return mail will cost should you change your mind. A lot of companies say they’ll let you ship for free, but to get things back they charge quite a bit. Be certain you know exactly what those fees will be.

While buying gold is extremely exciting, you need to keep it quiet. You cannot put your trust too easily on people. Keep your investment private and secured, preferably in a safe. Doing so means you are protecting your gold.

Gold has become increasingly popular in recent years with the economic downturn. With proper information in your hands, you can use gold for safe-harboring financial resources in these troubled economic times. Use this information to get the most from an investment in gold.

Gold Isn’t So Hard To Get To Know With The Right Information!

What information do you have about gold trading? Are you new to it? Have you been trading for a while but feel you need more knowledge? Whatever the case may be, most people will find this article’s tips to be helpful. Your odds of picking up some new (and useful!) information here are excellent!

Research any gold buyer you are considering using and shop around for a reputable buyer. Better Business Associates can give your information about complaints made against a company and how those complaints were resolved. 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.

If you’re buying gold to save for your retirement, buy the right type. The IRS needs to approve the gold. That means only 24 karat and only coins or bullion. Buy bars instead of coins to increase your profits.

Consider a fair return policy as an absolute necessity when you’re purchasing gold jewelry, especially if you intend to make a gift out of it. You do not know if the gift receiver will like it or if the piece fits. If that happens, you want to be able to send the jewelry back and get your money back as well.

If you’re unsure what your gold might be worth, then have an appraisal done. The small investment required will ensure you get what your jewelry is worth. Make sure to choose an accredited appraiser from an independent shop to receive the most accurate appraisal. Also keep in mind you usually won’t get the full value if you do decide to sell the gold.

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. Many stores do not pay the going rate for gold. You might get a better deal at a store not in a major shopping mall, since their overhead and rent is lower.

Spot Price

Always check the daily spot price before you buy gold. This price changes every day. You can locate it on several different websites. You shouldn’t pay more than 8 percent over the spot price. A few dealers attempt to charge you more than this, but this means they are trying to rip you off.

Make sure that you step up to the market with a sound mind and wary eye. There are bad companies in any market, but this market is known for having many. There are plenty of honest dealers; however, there are also people who are only out to steal your personal information. For this reason, it is very important to thoroughly research any gold buyer you are considering.

Now that you’re armed with this information, prepare to conquer the gold market. Use this information to boost your knowledge and strategy. Ultimately this ensures that you generate maximum profits from your efforts. It is advisable to look at gold purchase as a long-term investment.