If you wish to be a gold investor, then you have definitely made a decision that brings balance to your investment portfolio. Still, you have to be knowledgeable about all the options available to you. Continue reading to learn how you can include gold in your investment strategies.

TIP! When you sell gold, get multiple estimates of its value. There are quite a few stores selling jewelry or that buy it, and they sometimes make more money on the gold than you make on it.

You can’t beat bullion bars for a solid gold investment. The weights will vary. They start at a mere half-ounce, but also rise as high as four-hundred ounces. Be aware that if you are looking for the biggest bars, you will have a difficult time locating them.

Gold prices may be so high that you may feel that it is best to choose jewelry that is gold-filled or gold-plated instead. You can still buy gold jewelry without spending too much at the jewelry store. It is cheaper online and at pawn shops.

TIP! Prior to buying a piece of gold from a seller, make sure you schedule for timely delivery. It you don’t have it delivered immediately, find out when you will receive your gold.

Be sure you research a company before sending them gold in the mail. The last thing that you want to do is lose money because of a flawed shipment. Also you need to be sure to photograph everything you’ve put in your package in case they start a dispute.

If selling gold using a mail service, find out how much shipping will be. Many companies advertise no shipping costs, but they often hide large handling fees in the fine print. Understand what you will have to pay if you don’t like their offer. Protect yourself.

TIP! If you want to start investing in gold but don’t have much money to get started, think about buying scrap. Scrap gold can be purchased in very small quantities (like a little bit every time you get a paycheck) and stored until you have a large enough collection to sell off.

Be sure the buyer you are considering is licensed by the state to make gold purchases. While you can still get taken for a ride, licensed buyers tend to be more reliable. There are a lot of stores and individuals that will buy gold, so don’t feel like you have to sell to the first person you come across.

Inquire with the area BBB prior to selling gold items to jewelry stores, dealers or any other sort of buyer. It has basic company information on them, along with complaints and reviews from those that have dealt with them. Look at any past complaints customers may have had and how they were resolved. If the purchaser has any unresolved complaints, steer clear of them.

TIP! When buying gold jewelry as a gift, make sure that the return policy is sound. You can’t be sure when jewelry is liked by the other person or if it even fits them.

Look at every form you need to sign when working with gold dealers. This business deals with large amounts of money. Make sure you completely understand the contract you are signing. If the terms are unacceptable, get ready to keep looking. You absolutely must protect yourself financially.

Gold is often a lucrative, yet variable investment vehicle. If you can’t handle losing money, this is not the investment for you. If you are up to the challenge, you ought to minimize risk just the same. You should not allocate a sizable portion of your portfolio to gold. It should be no more than five percent.

TIP! If you’re unaware of your gold’s worth, have it appraised. Though you will have to pay a bit, knowing its value is crucial.

Have some idea of who you are selling to. Check with the Better Business Bureau to verify the reputation of a dealer. 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. Even if you feel a pull toward a particular company, it’s a good idea to move on to a different dealer if they have any unsettled complaints on file.

Be wary of selling your gold unless you really need to. Gold is always going up and you never know when it will stop. If holding onto the gold you own is an option, you may stand to benefit greatly down the road.

TIP! The day that you plan on buying gold, check its spot price. This information is available on a number of websites.

When preparing to sell gold, separate it based on karats. Gold values vary based on karat weight, so lumping different weights together will result in a reduction in the price received. Gold with a higher karat value is worth more.

To get the most from your gold, learn how to discern the gold’s grade. Purity is rated in karats. The higher the karat, the more the gold is worth. Don’t just rely on the karat stamp. If you can test the gold for purity, you aren’t going to pay too much for pieces of low quality.

Karat Gold

Weigh your jewelry by karat. That will make sure you are given the correct price for the gold. A 24 karat gold bracelet is worth many times more than any 10 karat gold necklace.

TIP! Enter the market carefully. The gold market has more than its share of disreputable dealers.

You should take your identification card with you when selling a gold piece. Thieves like to target gold because they can sell it for a good price. In order to catch these thieves in their tracks, the government has created a law to make anyone selling gold present ID. That way, stolen gold is found more easily.

Never purchase gold with a higher premium. By spending too much on premiums, you make it more unlikely to break even, much less generate a profit. The best way is to find an offer with the lowest premium so you can maximize the return on your gold investment.

TIP! Use a magnet to quickly determine whether an item is really made of gold or another precious metal. If it is a true precious metal, it will not adhere to the magnet.

You really need to buy a scale if you’re going to be buying and selling gold from individuals or pawn shops. Pawn shops have scales, but the scales may not be calibrated correctly. A good scale is an inexpensive investment.

With any luck, gold can now be in your portfolio. This strategy can bridge the gap found between mutual funds, stocks and cash savings. Learn why gold is usually a good choice and know the risks and benefits all options give you.