Gold investors should have some of their investments in commodities. On top of that, the best commodity out there is gold. Whether working on building your nest egg, or buying gold as an investment, this article provides some valuable information.

TIP! It is possible to sell gold online. You don’t need to have a physical store location anymore.

Bullion bars are a great way to invest in gold. They come in varying weights. You can purchase a large, four hundred ounce bar down to a tiny half ounce one. If the 400-ounce bars interest you, you’re going to have a hard time finding them.

When you sell gold, deal with a reliable buyer. You can check out their reputation by contacting the BBB and checking online reviews. A good buyer is going to give you a good price, and will provide you with superior customer service too. Protect your gold investment by doing this.

TIP! Before you buy gold, be sure you know exactly when it will be delivered to you. To ensure timely delivery request a confirmation on the shipping date.

If you’re thinking of mailing off some jewelry to someone, you need to be sure you do your research first. Find out when you will receive your money, and never send your package without insuring it first. Make sure that you photograph each piece of gold you’re sending before you mail it off.

You need to be cautious about the kind of gold that you purchase to help fund your retirement. For this to be the case, you must ensure that the IRS approves of that type of gold. They have to be either 24 karat coins or bullion bars. Bars are often a better deal than the coins.

Spot Price

Find out the spot price for gold on the day that you’re planning to buy. The spot price is readily found on the Internet. When you actually make your purchase, refuse to pay more than 8 percent more than this price. Many times sellers will try to sell it at a higher price.

TIP! If you buy gold for your retirement fund, be sure it’s the proper kind. The gold has to be IRS approved.

As exciting as buying gold can be, avoid telling people about it. You can never really know who is listening, nor who you are able to trust. Make sure you keep your gold investments to yourself and protect them by storing them in a local bank safe deposit box. Doing so means you are protecting your gold.

Never pass up an opportunity to search for gold in a thrift shop or antique store. When you know what to look for, you can find a great deal. Lots of people sell their items here for low prices, because they are not aware of the value. You can gain from their loss!

TIP! Research the market ahead of investing. Some people will claim to be experts in the field.

Talk to a the gold party representative to learn how they make karat determinations. 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. A way to tell if a gold representative is new and inexperienced is if they use an acid test. This is a simple test used by newer gold dealers.

Always do your own research into the gold market before you make any investments. There may be people claiming to be market gurus who are trying to lure you into investing with them. You must be extremely careful about any promises concerning getting rich quick. Don’t think of gold as easy money, and you can avoid fake claims.

TIP! Earring backings are often solid gold, even when the earrings are not. Sometimes rings are only partially gold, and sometimes necklaces just have gold clasps.

To be a smart investor in gold pieces, learn how to test for the grade. The purity of gold is measured in units called karats. Higher karats mean more value. You cannot rely on the stamp with the karat. Testing for gold’s purity will prevent you from paying too much for a poor piece.

Only deal with gold buyers you have researched and approached on your own. Gold dealers who do not have a storefront need to be researched intensely. Be sure to check the BBB for listings of reputable and reliable gold purchasers.

TIP! Inquire with the area BBB prior to selling gold items to jewelry stores, dealers or any other sort of buyer. They will have basic information about the business listed, along with any reviews or complaints from others that have done business with them.

Make sure you understand the buyback policy of your seller. Some buyers will charge you a fee to sell your gold. Think of the logistics involved in mailing heavy packages of gold coins or bars to a dealer in another part of the country. To protect your interests, do not purchase gold then leave it with your dealer.

Gold is best when looked at as a long-term investment. If you take this approach, you don’t buy at high prices and sell at low prices. Actually, this is a poor time to invest. You will get the best price overall if you purchase gold all the time.

Gold Coins

Purchasing pre-1933 gold US coins is a good gold investment. Before 1933, gold coins were circulated throughout America. However, President Roosevelt recalled gold coins. Some people didn’t heed that recall, so there are some very valuable coins still available.

TIP! Figure out who your dealer really is before you buy gold from them. To ensure you’re dealing with someone legitimate, do some research with the BBB.

You don’t want to purchase too much when you’re investing in gold. Gold does not yield income the way bonds or stocks can. The price is volatile as well. When stocks lose value, gold prices go up. 5% tops is what you should invest in the gold market.

When conducting technical analysis, the most helpful charts are those which are plotted weekly and monthly. You can plot trends and analyze all kinds of data by using MCX charts. It is best to use both types of charts to get the most out of your research.

TIP! Gold has gone up by four hundred percent in the last 10 years, which is great news for gold owners. The ideal time to buy or sell will depend on the strength of the dollar.

Know the true value of your particular gold prior to going out to sell. When you’re selling gold pieces, some dealers think you just want quick cash. Because of this, they believe that they can offer you less money and get away with it. You can use spot-pricing websites (for instance, to get a good idea of the current value of gold on the open market.

Now that you’ve come to the end of this article, you know a few things about gold. Use these ideas for improving the investment portfolio or making money with just gold. Apply these guidelines along the way to get the most from your gold.