Investing in gold is a great choice. However, you should have information to help you along the way. This article will provide you with great advice on investing in gold.

TIP! The price of gold changes often, so you need to know the value of your gold before attempting to sell it. When selling gold, be sure that items of differing karat values are weighed separately.

Sell your gold online. You don’t need to visit an actual store to do this. Just visit a reliable website that will buy your gold. The site will mail you a kit for mailing in your items. If they accept the pieces, you will receive their prevailing rate.

Check the return policy before you buy anyone a gift of gold. It’s not uncommon for many pieces to not be the receiver’s taste or the wrong size. If that happens then you’re going to want to return it and get your money back.

TIP! Only buy gold jewelry from a seller if they have a return policy It’s almost impossible to determine the value of your gold jewelry just by looking at it. Because this isn’t rare, it’s crucial that you have the ability to return the jewelry for a refund if it’s necessary.

If you don’t know what your gold jewelry is worth, consider having an appraisal done. Even though it is an extra expense, it can be well worth the investment. Make sure to choose an accredited appraiser from an independent shop to receive the most accurate appraisal. If you continue with your plan to sell, do be aware that you won’t receive the price the piece has been appraised at.

If you’re going to sell your scrap gold at neighborhood shops, check out more than one. All stores won’t pay market price for your gold, since they are all in business to make a profit. 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.

TIP! Only sell to buyers that have a state license to buy gold. You have a greater likelihood of dealing with a reputable trader if you look for this certification.

You might sell gold melted down or as a jewelry item. Most buyers will offer you just the melt value for your gold. Don’t give up; eventually, the right buyer will come your way.

There are places you can send you jewelry to get paid. See how you can get your gold back if you don’t like the offer. They may not charge you to send it to them, but they could gouge you to send it back. Know beforehand how much you would have to send in order to get your pieces back.

TIP! Know exactly what you have. There are many things that look like gold, but are completely worthless.

You need to only sell your gold to buyers that are licensed. Though you still may be taken, licensed buyers tend to be more trustworthy. Do not be forced into selling to the first buyer you find if you are not happy with the terms on offer.

Market Value

TIP! Do your homework about the market value of gold before you sell. Research the selling price of pieces similar to yours.

Do your homework about the market value of gold before you sell. Research the selling price of pieces similar to yours. This lets you determine a fair market value starting price point. You should always ask for a slightly higher price so you can negotiate with the buyer.

Before you go with one gold buyer, shop around. You will get many different amounts. If you sell hastily, you may wind up with a poor return. Take a little bit more time at first so you’ve got the maximum return on your gold investment.

TIP! Use a magnet if you want a cost-effective way to determine whether or not the precious metal is real. If it is a true precious metal, it will not adhere to the magnet.

Many times earring posts are made of solid gold, even when the actual earring is not solid. Many rings and clasps for bracelets and necklaces are gold too. You can sell these small pieces together. This is various gold pieces in one quantity and it can help you earn more money.

Gold should be separated by karat weight before sale. A vendor may scam you by weighing what you have together by the lowest weight in karat. You will walk away with less money. So keep each piece separated to ensure you get the most you can.

TIP! How does the seller know what the karat rating is? Many items are stamped. Some sellers are trained to calculate the value of a piece of gold that is not stamped.

Figure out who your dealer really is before you buy gold from them. To find a reputable dealer that sells gold, call the local BBB. This will help you find any complaints registered against any gold dealers. If complaints have been filed, use another dealer.

Do not sell your gold just because you can. Gold usually increases in value, so it is something you should keep around for a while. If holding onto the gold you own is an option, you may stand to benefit greatly down the road.

TIP! Make sure to conduct independent research prior to investing any money. Some people will make false claims to try and get you to invest.

If you wish to get gold for beauty and value, try buying jewelry that’s made from some pure gold. Jewelry can be an investment and a fashion statement too. Well crafted gold jewelry is even more valuable than gold nuggets that equal it in weight.

Gold Jewelry

TIP! A smart gold investor understands how to perform a test to know what the grade of gold is. Gold purity is measured in karats.

If you are melting down a piece of gold jewelry, you can get the gems back that are embedded in piece before selling. If the gems are really small, though, this might not work. Most gold dealers aren’t interested in the gemstones in your gold jewelry.

Gold is a good investment. It’s more like wealth insurance. It’s good to purchase gold during stable economic times. Gold shortages are common when the economy is rough.

TIP! Be sure to find out about a buyer who may purchase your gold in order to be protected. This is crucial when dealing with any buyer who is out of the state.

Know your gold’s value before you sell it. Buyers understand that you want money, or else you wouldn’t be selling your gold. It’s this knowledge which makes them believe they can pay you less than your gold’s true value. That’s why it is good to visit websites such as to determine the value of your gold.

When it comes to selling gold coins, remember to consider their collectible value as well as their value in terms of weight. You may lose a substantial amount if you opt for selling for melt value. This underscores the importance of doing your research before you sell.

TIP! Don’t unload your gold to an Internet buyer without taking a careful look at the current prices. It’s not uncommon to find more favorable pricing from local buyers with physical locations.

With luck, this article has helped you learn whether gold is something that can help your future. It be a good supplement to your other investments, to go along with your mutual funds, stocks and savings. Learn more about why so many people are interested in gold, and discover what you can do to balance the risks.