Many people love gold but don't know much about it. This makes it difficult to get all the benefits of gold. If you're interested in buying gold, then you're going to think the following tips are helpful. selling gold jewelry
jewelry Find a reputable buyer to sell your gold to. Look at the Better Business Bureau to gather information about the company to see if their legitimate or not. A buyer with a good reputation will give you good service and an equitable price for the gold you are selling. Research helps protect you and your investment.
Understand the spot price of gold before selling any. When selling gold, be sure that items of differing karat values are weighed separately. Don't sell jewelry that's worth more due to maker or designer.
Be well informed about the value of precious metals before buying or selling gold. With silver, platinum and gold the prices vary wildly throughout the day, and in order to get the correct price you must spot check it on the day before making a purchase. Gold pieces with fractions of an ounce will command higher prices than pieces weighing one ounce.
You may shy away due to gold's price, which may make you go for gold-filled or gold-plated jewelry instead. It is very possible to buy real gold without spending a lot of money at a jewelry store. Pawn shops and online sites have hundreds of gold pieces for sale.
Sell only to gold buyers who are licensed. Most states require that dealers be licensed when dealing with the buying and selling of gold. There is no shortage of places to do gold trading, so don't feel pressured to take the first offer you get.
No matter the excitement gold buying brings, do not spread the word. You can never really know who is listening, nor who you are able to trust. Play your cards close to your chest and keep your gold in a home safe or a safety deposit box at your bank. That will help protect your gold and you at all times.
Know what it is you actually have. Just because it looks like gold doesn't mean it's valuable. A lot of times, metals are combined with gold to make the piece stronger. This results in a price reduction. This also applies to pieces that are plated with gold. If you don't know what you have, have it appraised before trying to sell it.
Make sure you verify the price of gold the same day you plan to buy it. Many sites offer this information, plus it changes every day. Never pay more than 8% premiums on your gold. Some dealers will try to charge more, but they are overcharging and oftentimes, not ethical.
Interest in gold has risen in the past few years and keeps growing. But if you want to make the most from gold trading, you need to learn all you can about gold. Use these tips as need to create a solid financial foundation.