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Gold Information You Will Not Find Elsewhere

If you want to use gold in your investment portfolio, then it’s important that you learn how to do that safely. It is more complicated than just jumping straight in, but the right information can help. This article is here to help you learn about investing in gold.

Before you purchase a gold piece, know when it is going to be delivered. To ensure timely delivery request a confirmation on the shipping date. The expected delivery date should not be a mystery; it should be clearly stated. Don’t proceed with the order until you have this information.

Be aware that any items containing gold can be sold to someone dealing in gold. From broken jewelry to gold fillings, it can all be sold. Even things that are not pure gold can have value. The items can be gold-plated or made of an alloy containing gold. You will still get a favorable return.

It is always a smart idea to have more than one appraisal when you are considering selling gold. A lot of services and jewelry stores are out there, and they will usually vary in how much they profit. Getting multiple estimates helps you get a fairer price on your gold when selling it.

If you are shipping jewelry, be certain you find out how much it’s going to cost to get your pieces back if you fail to accept their offer. Companies often provide free shipping, but it can be costly to get them back to you in the mail. You want to know what those charges might end up being before you decide to send them your gold.

When selling gold, research the market price. You should also look around to see what other people are asking for similar pieces. You will get a general idea of the kind of price you can get. Ask a bit more than you want so you can negotiate with the buyer or seller.

Real Gold

You’ll want to know just how much your gold will be worth when selling it. Different karat values will be valued and weighed separately when selling your gold. Stay away from selling high-end jewelry pieces because they have more value.

Use a magnet to quickly determine whether an item is really made of gold or another precious metal. Real gold won’t stick to a magnet. Certain pieces have a clasp made of real gold while the remaining parts are plated. A magnet is an easy way to test.

In many cases, earing backing are solid gold even the total piece is not. Necklace clasps and ring bands are as well. If you want to sell these, though, you need to get quite a few of them together to make it worth it. This is various gold pieces in one quantity and it can help you earn more money.

You can still invest in gold without physically owning any. You can put your money in a gold exchange traded fund. You also buy stock in a gold mining company. There are also mutual funds that focus on gold. If you buy real gold bars or coins, consider safe storage of your pieces.

Before buying or selling gold, know how all the prices work. With silver, platinum and gold the prices vary wildly throughout the day, and in order to get the correct price you must spot check it on the day before making a purchase. There are different percentages owed based on the sizes of gold you own.

Investing in gold has it’s ups and downs. If you can’t handle losing money, this is not the investment for you. If you can, try to reduce your downside risk. Only a small portion of your portfolio should be tied up in gold. Many experts say that no more than 5 percent of your assets should be devoted to gold.

Gold prices continue to rise. Gold is a market that varies daily and it’s unpredictable when the price will go down. Weaker paper currency equates to a stronger gold market.

Now that you understand more about investing in gold, you can begin using that knowledge. Keep these tips in mind and use them when working on your investments. As an investment of value, gold must have a place in your future financial plan.

When buying gold jewelry for another, make sure you can return it. You do not know if the gift receiver will like it or if the piece fits. This is a huge problem.

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