Learning how one should invest in gold will be a key strategy for any investor. Gold can add much needed diversity to your financial portfolio. The many options may overwhelm you a bit overwhelming. Continue on with this article if you’d like to learn how to invest in gold.

Stay with reputable buyers when selling gold.You are able to find out more about their reputations with the BBB and through online reviews. A legitimate buyer will give you good service and an equitable price for the gold you are selling. You should do this to better protect your investment as well as yourself.

It is always a smart idea to have more than one appraisal when you are considering selling gold. Several gold-buying services and jewelry stores get different profits for the gold they buy. When you seek more than one estimate, a fair price is going to be more attainable.

Research any gold buyers and shop around for your gold.

The high price of gold may put you off. You can get gold jewelry items without spending a ton at a local jewelry store. Pawn shops can offer many good deals and online sites have hundreds of gold pieces for sale.

You may be put off by the price of gold, making you go with gold-plated or gold-filled jewelry instead. You still can get gold jewelry items without spending a lot at a local jewelry store. Find cheap gold in pawn shops or online.

Check out current price in the gold market before you sell any jewelry. This will indicate whether you’re getting a fair price when you sell or buy.

Get an appraisal to find out the exact value your jewelry. This requires a bit of an investment, but it’s important to know what you have. If you choose to sell your piece, you should know that you will not be paid the full appraisal value.

When you buy gold jewelry as a gift, be sure to understand the return policy and get a gift receipt. It is hard to tell if that jewelry is going to fit another person, or if that person is going to want it. If the gold turns out to be fake, make sure you get your money back.

You may even be able to find valuable gold; places like thrift shops or garage sales. You can find great bargains in these places. You can take advantage of this if you research a bit.

Shop around before making any decisions about a gold buyer you will use. You may be shocked to see how different the differences in the offers that you’ll get! Going with the very first buyer who comes along might not be a bad deal. Take a bit more time upfront so you’ve got the most cash possible in your gold investment.

Be sure to consult the spot price on the day when you plan to purchase gold. You can find that on a lot of websites, and that can change every day. Never pay more than 8% premiums on your gold. Some dealers are going to try and charge you more, but don’t pay it.

Many pieces of jewelry will have a karat rating. Sometimes, however, there is no visual sign, so the people should have another way to figure these things out. Acid tests are simple ways to do this, so if the rep does this, they might be new.

Research gold market is doing before investing. There may be unscrupulous dealers claiming to be market gurus who are trying to lure you to invest with them.

If selling gold using a mail service, find out how much shipping will be. A lot of companies say they’ll let you ship for free, but to get things back they charge quite a bit. Be sure that you find out ahead of time how much it will cost to get back your jewelry.

Many times the backs of earrings are solid gold, even when the actual earring is not solid. Necklace clasps and ring bands often are usually real as well. You can often sell these smaller pieces together. A large quantity can be obtained this way as many pieces are being sold in profiting better from them.

Before doing business with an gold dealer, contact your local Better Business Bureau. You can find complaints that have been listed by the customers who feel slighted. Look carefully at complaints customers may have had and how they were resolved. If the purchaser has any unresolved complaints, you should consider a different business.

GoldMoney can be a good resource when buying gold. This service is similar to a bank account that holds deposits in bullion rather than currency. All you do is set up the account, deposit funds, and then you are assigned gold to your account. Your gold is physically kept in a vault where it can be cashed in, segmented or redeemed for bullion bars.

You can sell gold through the mail. Many sellers like this method due to how simple it is.

Gold is a lucrative but volatile investment. If you would be made anxious by unexpected peaks and valleys in the market, perhaps the gold market is not for you. If you are up to the challenge, start out with a small investment. Only invest a very small overall percentage of your portfolio should be tied up in gold. A good limit is about five percent.

Never pass up an opportunity to search for gold in a thrift shop or antique store. If you are aware of what to search for, you can find bargains in these places. Lots of folks donate items or sell them in such venues simply because they lack knowledge of their true value. You stand to gain a great deal if you come armed with a bit of research.

Research a gold dealer before doing business with them. If you find several complaints, move on.

Don’t sell gold on a whim. Gold tends to increase in price, so it is something you should keep around for a while. You may benefit in the future by keeping your gold for even more later if you hold onto it now.

Be cautious with the gold market. The gold market can have many bad companies out there. Lots of people claiming to be honest gold buyers really just want to trick you. That’s why you must do your research and be careful.

Knowing how to make good gold investing decisions is something that is learned. This article should have given you the confidence you need to make the decision to invest in gold. Remember this advice to get started in the proper direction.