Proface

Gold is a treasured commodity and is universally valued, and has been since its discovery centuries ago. Everyone wants gold, but they don't know how to get it. If you want to purchase gold, or even if you are interested in selling it, the follow tips will help.

selling gold You may think that solid gold jewelry is too expensive and choose to purchase gold plated or filled jewelry. However, don't feel that to buy gold of real value you need to pay a high price in a fine jewelry store. You are able to get gold cheaply in pawn shops or on the Internet.

Before you buy gold, be sure you know exactly when it will be delivered to you. If the seller delays delivery, you have to get a written confirmation on when the expected delivery date is. This should be spelled out in no uncertain terms. Complete your order only when given this information.

You can get into the gold market with just a small investment in scrap gold. It is possible to accomplish this over the long haul, by purchasing some gold every pay day, and build up a valuable reserve within a year. Keep your stash in a safe place until you have enough of it to cash in.

gold ira If you are not sure of the value of your gold jewelry, you may want to get it appraised. 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.

Find out the spot price for gold on the day that you're planning to buy. Many websites contain this information and it varies every day. When purchasing, don't pay greater than 8% markup above the spot price. Some will attempt to charge even more, but that isn't ethical.

Take your time when you are considering dealing with a gold buyer. The chances are good that you will get completely different offers for your gold. If you don't shop around, you may not get what you are owed. Spend the required time to comparison shop before making any decisions.

Know what you have. Just because it looks like gold doesn't mean it's valuable. In many cases, additional metals have been mixed with the gold to strengthen it. That can make it less valuable. This is also true of items that are just plated. If don't know what you've got, have it appraised before you sell it.

Gold prices have risen remarkably in the last decade, over four times the price it was just ten years ago ago. Gold is a market that varies daily and it's unpredictable when the price will go down. Basically, when the dollar is weak, gold is strong.

As the beginning of this article mentioned, most people don't know a lot about gold. However, with the information in the article above, you now know more about how to invest in gold. Use this information to make the best choices.