Many people have an affinity for gold but don’t know much about it.This makes it difficult to get all the financial advantages of gold investing.Stay with reputable firms when you sell your gold. You are able to find out their reputations with the BBB and through online reviews. A legitimate buyer with a good reputation will pay you fairly for your gold you great customer service. Protect your invest and your gold by doing this.Stay with reputable buyers when you sell your gold. Use resources like the Better Business Bureau and customer reviews. A legit buyer will offer a fair amount for the gold you have. This extra step makes sure that you are covered and paid appropriately.Before you put down your money for gold, ensure you have scheduled a quick delivery.If the seller delays delivery, you must get some kind of writing from them confirming when you can expect to get your pieces. The expected delivery date they expect you to get them should not be a mystery; it should be clearly stated. Only go through with your order if given this document.The cost of gold may give you the idea that gold-filled or gold-plated jewelry is better. You still can still buy gold jewelry items without spending a fortune at a jewelry store. Pawn shops can offer many good deals and online buying options.All gold buyers are different, so it is important to look around and find someone that you feel comfortable doing business with. You can always find online reviews, inquire with the BBB and learn how each vendor handles complaints. Soliciting multiple bids will help ensure you get the best price.Pawn shops and many private sellers may just want to pay the melt value.If you’re using a mail-order gold buying service, know how much return shipping is going to cost you in the event you don’t accept their offer. Know beforehand how much you must pay to get jewelry back.Prior to picking a gold buyer, comparison shop. The chances are good that you will get completely different offers for your gold. Shaking hands with a buyer who brings you the first offer may actually shortchange you. Wait a bit of time so you have the greatest cash in your pocket.Never sell your gold dealer. There is no shortage of places to do gold trading, so don’t feel like you have to sell to the first person you come across.Have all jewelry appraised before selling it to anyone as scrap gold.This is especially true for pieces that have intricate details and workmanship. You may have to pay for the appraisal, but it’s worth it. An appraiser might even be able to help you sell your jewelry items.
Use a magnet to determine if an item is made of gold. Precious metals, such as gold, are not magnetic. Sometimes, the only thing real about a piece of gold jewelry is the clasp. You can test your jewelry this way.The purity of golds is measured by the karat.The higher the karats, the costlier and more pure the gold will be per ounce. You should not just rely on the carat stamp. You won’t pay too much for poor quality if you know how to do gold purity tests.Know your investment goals are before investing in gold. Gold might be a great investment, but it is a volatile investment. If you keep yourself protected, you can make more money.If you go to a gold party, talk to the person who organizes it to figure out how they calculate the value of the gold sold. In many cases, items are stamped. Sometimes, though, an eye test is insufficient and buyers have other ways of making that determination. One simple way to do this is to use the acid test; if your rep does this, he might be a novice in the business.Find out what your seller’s buyback policy. Some gold buyers charge you a fee to sell your gold. Think about the extra charges concerning sending coins or bulky bars to a gold dealer far away. It is best to take the gold you purchase it from your local dealer.
Figure out what all of the fine print means when you’re working with a sales contract. If you are selling your gold through the mail, read the information carefully. This lets you know how much you end up with after any fees are taken off the top.If you wish to get gold for beauty and value, why not buy solid gold jewelry? You can use your gold jewelry as a fashion accessory.As previously discussed, for as many people as there are that love gold, very few know much about it. But now that you have read this article, you know more about it. Use what you’ve just learned to make smart decisions about gold.Before selling your gold, contact your local Better Business Bureau. This agency can give you a good indication of whether the business you are dealing with is on the up and up. Look carefully at complaints and whether they were solved or not. If you see that there are a lot of unresolved complaints, you may want to go with someone else.