Many people love gold but aren’t truly familiar with it. Not being knowledgeable about gold makes it difficult to get all of its advantages.Bullion is the safest way to invest in gold. These come in varying weights. They can range from a half an ounce on up to 400 ounces. The 400 ounce bars can be very difficult to find.Before you buy or sell your gold, make sure you understand how the prices of precious metals work. Metal prices fluctuate constantly, so you need to know the price on any given day for a transaction. Also, understand that some types of gold will be more expensive than others.You can sell your gold online. You don’t have to go to a store or pawn shop. You can use various websites out there to sell gold. You will receive a package that details how to send your gold to these websites for money.If you plan to mail your gold jewelry to a firm, research them and their terms before heading to the post office. Be certain you have a clear understanding of the timeline involved, and be sure things are insured too.Comparison shop when it comes to selecting a buyer. You can look at online reviews, check at the consumer protection organizations or read on message boards about complaints. If you get multiple bids from various gold buyers, you are more likely to receive the top price for your gold.Have a professional appraise your jewelry if you are unsure what it is worth. This will cost a little money up front, but you want to know right? If you do want to sell the gold, you should know that you will not be paid the full appraisal value.Most private sellers and pawn brokers are only willing to pay melt value for your gold.Before you buy gold from a dealer, get a guaranteed delivery date. If you don’t get delivery immediately, get something in writing which confirms delivery of your pieces. The date of arrival should be something you can see listed. Only go through with your order if you obtain this document.If you’re using a mail-order gold buying service, find out how much shipping will be. Be sure you know exactly what those fees will be.Use a magnet to test inexpensive jewelry to determine if it consists of gold or another precious metal. Precious metals do not going to be attracted to a magnet. Sometimes a jewelry piece is only plated in gold with a solid but the rest is plated. This is a good way to test it this way.Antique stores may hold valuable gold. You can find bargains in those places when you’re aware of what you want. Often people do not realize the value of old jewelry and simply donate it or put it in a garage sale. Your knowledge will help you get the better end of the deal.Many times earring posts are made of solid gold, even if the earring itself is not solid. Necklace clasps and ring bands often are as well.You can often sell these smaller pieces together. This is a bunch of different gold pieces in one quantity and can help you to get more money.

Karat Weight

Always do your own research into the gold market before you make any investments. Some individuals pretend to market experts but who are in fact just trying to dupe you into investing through them. Be wary of any claim to help you get rich quick in the gold markets. Don’t think of gold as easy money, and you can avoid fake claims.Separate your gold into groups based on karat weight. Some buyers will weigh all your gold at one time and pay you for the smallest karat weight is worth. This will cheat you money.Gold purity is measured by karats. The higher they are, the more the gold is worth. You cannot just rely on the karat stamp. You will not inadvertently purchase bad quality when you know the methods to testing gold purity tests.Before you sell a piece of jewelry for scrap, have the piece appraised first. You may have pieces that are worth more than their weight in gold due to historic or artistic value. Appraisals cost money, but often are a good investment. Appraisers can also tip you off about interested parties concerning your jewelry.Know what your investment goals are before you invest money in gold. Gold might be a great investment, but it’s not always a good investment. If you’re able to set a limit on being exposed to it and have a few things in mind before you set out, you’ll end up making more money with your gold.Don’t get too far over your strategies. Avoid gold futures even though they are popular. Futures are volatile and very volatile. You stand to lose a great deal if you’re not sure about your moves. Avoid dabbling in intricate investments such as it takes a more experienced and confident investor.

If there are any forms involved in your gold dealing, make sure to read them word for word. Gold dealers have to protect their investment. Understand precisely what you are asked to sign. If you don’t agree with their terms, find another dealer. It’s better to walk away and find another deal than run any risk to your personal information or financial wellness.Sell your gold when it is peaking. The market changes daily. Sell gold when the market starts to creep back up.

Gold Market

Never sell gold simply for the sake of selling it. Gold prices are always going up. Even though it has been high lately, it could eventually get even higher. Holding onto the gold you own is going to be beneficial to your future.You don’t want to purchase too much gold as an investor. Gold is not something that gives you the income of bonds do. The price of gold market. It only goes up in value during times when equities lose value. You should invest more than five percent of your investment portfolio into the gold market.Keep an eye on gold prior to unloading your items. You have to determine when the perfect time to sell.This means feeling the fluctuation that occurs in gold prices. It is definitely worth the price for a while before moving gold.When you are selling gold,make sure you separate the pieces into similar karat groups. Gold values vary based on karat weight, so lumping different weights together will result in a reduction in the price received. Gold with higher karat value is more pure and therefore more valuable.If you have several individual pieces of gold jewelry to sell, make sure they are separated by karat value. This helps you get the right money for your gold pieces.Visit www.goldprice.org for a great summary of what the current gold prices are.Doing some research into any potential gold buyer is a good way to both protect your interests and score a good deal. This is critical when a mail away service is being used for your gold purchase or sale. Companies purchasing gold are generally listed with the BBB. You are able to see any complaints filed here.Always have a photographic record of the gold jewelry you are considering selling. Also talk about what will happen if the jewelry is lost or stolen while in the buyer’s hands. Make sure to have all this important information in writing to protect yourself.You may lose money if you sell them for their melt value. This is why it is important to do your homework ahead of time so that you know what you have to sell.It is possible to over-invest in gold. Stocks and bonds pay dividends, but gold does not produce any income. Prices are also very volatile. When the equities are devalued that is when you get a rise in value. Don’t invest more than five percent of the portfolio in the gold market.Selling gold will more than likely not cause you to get rich quick. You will get a few hundred bucks for those pieces.You ought not buy gold at high premium. Look for low premiums so you can make a good return back.Be sure you are getting what you think you are getting from your purchase. There are lots of “gold coins” out there that are only gold plated. A good way to guarantee that you received true gold coins is to inquire about appraisal by a third party before making a purchase.Some stores may have scales, but you want to make sure they are accurate.Scales are cheap and well worth the best deal for your gold.Be cautious when buying any gold because you think it will be worth something. For instance, if you want to purchase a coin because you think it has historical value, but you should be certain of it’s true value to someone else before purchasing it. A lot of the time people sell coins because they think they’ll be worth a lot later, but many times that is just not true.Regardless of the market conditions, gold is always popular. A profit can be realized in both bull and bear markets. This flexibility is what makes trading gold so effective, but you must learn strategies which work in both conditions to capitalize on the situation.As you can see, there is a lot to know when it comes to gold. Since you’ve read the article above, you should be better educated. Use this information and make sure you use it so you can make smart choices about gold.