Gold has been a popular way to hold on something of lasting value for a long time, and can be a great thing to have when the economy is unstable. This article will help you learn about the gold market. Keep reading for some wonderful ideas.Bullion bars are a great choice if you wish to put your best gold investment. These bars come in a number of different weights. They range from a half an ounce on up to 400 ounces.The 400 ounce bars can be very difficult to find.If you are selling gold then shop around to get an idea of what its true value is from different companies. From pawn shops to jewelry stores, each location will charge a different premium on gold. Getting multiple offers allows you to understand what you can get for your gold.Stay with reputable firms when you sell your gold. You are able to find out more about their reputations with the local BBB and checking online reviews. A buyer will give you good service and an equitable price for the gold while giving you great customer service. You should do this to better protect your investment and yourself.

Buy Gold

Prior to buying or selling any gold, be sure you truly understand how gold pricing works. Precious metal prices vary from day to day and it’s best to check the price before selling or buying gold. Gold pieces with fractions of an ounce will command higher prices than pieces weighing one ounce.The high price of gold may put you off. You can still buy gold jewelry without spending too much at an actual jewelry store. You can buy gold cheaply in pawn shops or online.The IRS has to approve the gold that you receive. Bars are more valuable than the coins.You can sell gold online. You don’t need to have a physical store location anymore. There are plenty of websites out there you can use to sell all your gold. They’ll mail you a kit which you use to send them the gold. If everything is together, you’ll get paid their going rate.Check the price when you are buying or selling gold. This price can be found on several different websites. Never buy something listed at more than an 8 percent markup on the gold prices. Some dealers are going to try and charge you more, but it is a rip-off.If you decide to mail your gold to a buyer, 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 your pieces back.You might have avoided gold because of the price, and chose instead to buy gold-filled or gold-plated pieces instead. However, it’s still possible to buy gold jewelry and not need to spend a fortune at the jewelry store. You can usually find more affordable gold jewelry online, or if you visit pawnshops.

Sell only to gold to buyers who are licensed. There are many people who will buy your gold, so don’t feel pressured to take the first offer you get.While buying gold is extremely exciting, don’t tell everyone about it. You never know who to trust or who is listening.Make sure you keep your investment is kept private and kept safe. This is the best way to protect yourself and your gold is protected under all circumstances.Know the current price per ounce of gold before selling your pieces. This way you will know if a dealer is offering you the proper amount for your items. Dealers often assume that people who are trying to sell gold need quick cash and will try to take advantage.Don’t discount the value of looking for gold in vintage or antique shops. You can find great bargains in these places. You can reap the benefits of their loss!Many times the backs of earrings are solid gold, even when the actual earring is not solid. Necklace clasps and ring bands are usually real gold too. You can often sell these small pieces together. You may be able to sell them for more money this way.If you’re not sure about the value of your jewelry, you can have an appraisal done. It costs a little, but the knowledge gained is valuable. Use a licensed appraiser only. If you still decide to sell your gold, you should know that you will not be paid the full appraisal value.You can make gold investments without collecting it. If you want to get physical gold, consider how much it would cost to store it securely.Gold can often be a very lucrative but volatile investment. If you have low risk tolerance, avoid gold. If you have enough tolerance, still limit your downside risk. Never put more than just a sliver of your total investments into gold. A good limit is about five percent.You can sell anything that contains gold to gold dealers. Don’t overlook flatware, watches, jewelry and even broken pieces as potential sources of profit. Note that these items need not be pure gold. The items can be gold-plated or made of an alloy containing gold. You are sure to turn a decent profit.You should understand you will not get 100% of the value for your gold. Gold dealers must make a profit just like any other business. Expect to see offers from 50 to 70 percent below the total value.Nearly anyone these days knows that gold is historically a good place to store and accumulate wealth. When the economy is in trouble, gold gets even more popular. Follow the tips and information presented here to make smart choices in gold investment.Comparison shop when selling old gold jewelry. The “spot” price for gold is determined by a constantly fluctuating market, so not every store is going to pay it. Look for stores off the beaten path as they often have lower overhead and better deals.