Often people feel that gold is a safe investment. Gold's reliable value has made it a go-to investment in times of economic turmoil. Keep reading if you are interested in learning more.
sell gold Go with a legit buyer if you're selling gold. 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 is going to give you a better deal for the gold you have, and they probably will have great customer service too. You should do this to better protect your gold investment and yourself.
Research the current market price of gold before you attempt to sell your old and unwanted jewelry. This will help you set a fair price when you sell or buy. Most dealers will make you a fair offer, but some will try and rip you off.
You must be sure to purchase the right type of gold if you hope to rely on it in your golden years. The gold has to be IRS approved. They must be 24 karat bullion bars or coins. Bars typically are more valuable than coins are.
Look into buying scrap gold if you can't afford to get into the bigger market. You can buy a little at a time, building up a stockpile. This will not break the bank. Protect your gold until you can sell it.
buy gold If you don't know what your gold jewelry is worth, consider having an appraisal done. While you may have to pay a fee, the knowledge you gain will help you in the long run. In order to have it valued most accurately, go with an appraiser who is accredited and independent. If you do want to sell the gold, understand you won't be offered full value it was appraised for.
selling gold jewelry Have all jewelry appraised before selling it as scrap gold. You may have pieces that are worth more than their weight in gold due to historic or artistic value. The appraisal isn't free, but it can boost your selling price. Appraisers might be aware of parties interested in your jewelry.
A lot of times, earring backs are gold, even when the earrings themselves are not. Many rings and clasps for bracelets and necklaces are gold too. Since such pieces often weigh little, attempt selling them in a "lot". The more you have, the more they will weigh.
Before you try to sell any gold items, you'll need to separate the pieces depending on the karat weight. The buyer will doubtless weigh all of your pieces before setting a price for them, and if you aren't attentive you may see everything lumped together and weighed with the lowest-karat pieces. You'll get less money that way. Rather, approach the vendor with separated piles in order to maximize your profit.
Now you know a bit more about investing in gold. With luck, you are now empowered to make some good choices about fitting gold into your portfolio. Take the advice you've learned so that you can start working on investing in gold for your future.