Do You Love Gold? If So, This Is For You

The use of gold as a physical security for preserving wealth runs back deep into history, but the acute value of this concept is sharpened by recent economic turbulence. Learn more about making gold work for you by perusing these tips. Read on for helpful advice.

When you sell gold, you should obtain a type of estimated value from multiple sources. Gold buyers and jewelry stores are out to make a profit, so they’ll all pay less than the actual value of the gold you’re selling. By seeking multiple estimates, you are able to determine whether an offer is truly fair.

TIP! Research any mail-in gold jewelry purchaser before sending your jewelry off to them. Be sure you figure out when you’ll get sent a payment, and be sure things are insured too.

Prior to buying a piece of gold from a seller, make sure you schedule for timely delivery. Be sure you have your delivery date in writing. Immediate delivery is best. You should have the date of delivery clearly listed. Do not complete the order unless you have this in writing.

If you have no idea what your gold might be worth, than an appraisal is a good idea. This will cost a little money up front, but it’s important to know what you have. If you want to obtain an unbiased value, retain the services of a certified appraiser. When you sell, you won’t get the whole appraisal value, though.

TIP! Comparison shop when selling old gold jewelry. All stores won’t pay market price for your gold, since they are all in business to make a profit.

If you send off gold by mail, see how much it is to have it returned to you if the offer isn’t that great. A lot of buyers offer free shipping but will charge you a lot to send the item back. It’s best to be prepared so you are not surprised by return shipping charges.

Sell only to gold buyers who are licensed. While you can still get taken for a ride, licensed buyers tend to be more reliable. Many individuals, pawn shops and jewelry stores are interested in buying gold. Be picky about your buyers.

TIP! Check the price when you are buying gold. This can be seen at numerous websites, but keep in mind it can often change.

Try a site like GoldMoney to purchase gold. It’s like opening a bank account which trades in gold. You have started an account, and you’ve bought gold at a particular price. Although you own the gold, it remains stored securely in the company’s vaults. You can sell it, portion it out, or even (given the right conditions) arrange to take deliver of it yourself.

No matter the excitement gold buying brings, do not spread the word. You have no way of knowing who might overhear your conversation and who is truly trustworthy. Lock your investment up in a safe at home or at a bank and don’t let anyone else know. This will keep you and your gold protected under any circumstances.

TIP! If you want to sell gold, make sure the buyer has a state license allowing them to do so. Licensed buyers will probably be reputable.

Don’t discount the value of looking for gold in vintage or antique stores. If you have an idea of what you are seeking, you can really find a bargain in these places. The prices are low here as the items are often donated. If you know what you’re doing, you can make the money they did not.

Instead of immediately thinking you have scrap gold, take it to get appraised first. You should do this for special pieces. Unique pieces may be worth more intact than they would if eventually melted down. The appraisal will give you the best idea as to the worth of your gold. An appraiser may also have connections with jewelry buyers.

TIP! Be careful in the gold market. There are some shady companies in the gold market.

Before you try to sell any gold items, you’ll need to separate the pieces depending on the karat weight. Weighing the items separately ensures you get the true value its worth, but some sellers won’t do this. You will get significantly less money that way, and the dealer gets more. Separate and weigh your gold so you know the true value before selling.

Almost everyone knows how gold has played a role in the accumulation of wealth. These recent hard economic times have increased interest in gold. Follow the tips and information presented here to make smart choices in gold investment.