Any good investor should have commodities as part of their investments into the commodity market. Gold is also the number one commodity to invest in. From building a retirement nest egg to making beer money, this article will help you achieve a financial goal.

Bullion bars are usually the best choice if investing in gold. These bars come in a number of different weights. They range from just under an ounce to bars that weigh four-hundred ounces. The 400 ounce bars can be very difficult to find.

Go with a reputable gold vendor when selling. Their reputation can be verified though online sources, as well as the BBB. A buyer with a good reputation will normally pay the going rate for gold, and offer superb customer service than a company than is not legitimate. Research helps protect you and your investment.

Stay with reputable buyers when selling gold. You can find out if they’re trustworthy by looking at the local BBB and through online reviews. A buyer will pay you good service and an equitable price for your gold you are selling. You have to protect your gold investment and yourself.

Check out current price in the gold market before you ever sell your jewelry. This will indicate whether you’re getting a fair price when you sell or not.

Before you get into investing or selling gold, it’s best to understand how it works. The values of precious metals fluctuate daily, so be certain you know the spot price before any transaction. A higher percentage over the melt should be expected when purchasing fractional gold pieces such as 1/2 or a 1/4th ounce against a one ounce piece.

If you want to send jewelry to a gold company via mail, you need to be sure you do your research first. Find out when you can expect your payment, and never send your package without insuring it first.

Only buy gold jewelry from a seller if you can return policy If you have the receipt, then you need to be returning the piece in question for a refund.

Verify the market price before selling your gold jewelry. This way, you’ll know whether you’re really being offered a fair price. Dealers often assume that people who are trying to sell gold need quick cash and will try to take advantage.

Get an appraisal to find out the exact value your jewelry. This may cost a small fee, but it’s important to know what you have. If you do want to sell the gold, know that you probably are not going to get the full appraisal amount.

Make sure you verify the price of gold the same day you plan to buy or sell. Many websites contain this information daily. Never pay in excess of 8% markup above the gold prices. Some dealers will try to charge more, but that’s overcharging, not ethical.

If you’re thinking of supplementing your retirement funds with the help of gold investing, it’s important to understand what type of gold to invest in. Your gold has to be IRS approved. Only 24K coins and bullion bars are eligible. Consider buying bars instead of coins, since they tend to be more valuable.

You may even be able to find old gold at thrift stores are often great places to discover good deals. You can find bargains if you understand what to look for. You can benefit from the benefits of their loss if you research a bit.

There are some shady companies out there who deal with gold. You need to do your research to keep yourself safe.

Find out the spot price for gold on the day that you’re planning to buy. The spot price can be found in many places, and it tends to fluctuate often. Paying for gold that is any higher than an 8% markup is not a wise investment. A few dealers attempt to charge you more than this, but this means they are trying to rip you off.

Research the market price of gold before you sell yours. You should also look around to see if you can figure out what other people are asking for similar pieces. This allows you to get an idea of what you can ask for yours.

Read the fine print in a sales contract. You should carefully read the whole contract especially if you’re using a mail service. This allows you see how much is paid toward commissions and fees.

You never know where you will find valuable gold; places like thrift stores are often great places to discover good deals. These places can be treasure troves for gold hunters. Lots of folks are unaware of the value of the items they donate to these places. You can benefit from the seller’s loss if you research a bit.

There are many options available to individuals looking to purchase gold other than physically owning it. If you decide to buy physical bars or coins, be mindful of the security costs you will be paying for storage.

With the knowledge gained from this piece you should have a new perspective on gold investments. Apply this understanding and boost your investment portfolio starting now. If you want to find success, use this article as your springboard.

Prior to coming to any decisions with regard to a gold buyer, shop around. You may be shocked to see how different the offers are! If you choose to sell to the first buyer, you might get a bad deal. Taking your time can really end up getting you the best deal out there.