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Increase Your Gold Expertise By Using This Advice

Gold has been used for centuries as a form of money. If you want to explore gold and what it can do for you, you’ve come to the right place. Continue reading for sound investment advice.

When you decide to sell gold, you should get a few sources to give you an estimated value. A lot of services and jewelry stores are out there, and they will usually vary in how much they profit. When you seek more than one estimate, a fair price is going to be more attainable.

When you invest in gold, it is a good idea to go with buillon bars. There are numerous sizes available. They start at a mere half-ounce, but also rise as high as four-hundred ounces. However, the really big bars are very hard to come by.

When you sell gold, make sure to get multiple appraisals. There are quite a few stores selling jewelry or that buy it, and they sometimes make more money on the gold than you make on it. Getting multiple estimates helps you get a fairer price on your gold when selling it.

If you are looking to gold as a retirement vehicle, be certain you invest in the proper kinds of gold. Your gold has to be IRS approved. It needs to be either 24 karat coins or bullion bars. Bars are often a better deal than the coins.

Anything with gold can be sold to a good dealer. Whether it is jewelry or home decor related, it could be an everyday item that you have within the home. Nor does it have to be 100% pure gold. Items that are gold plated or filled are also valuable. You can still turn a profit on these pieces.

Melt Value

The price of gold changes often, so you need to know the value of your gold before attempting to sell it. Don’t forget to take into account the different karat values of your gold pieces. Don’t sell gold jewelry that may be worth more when sold as a designer piece.

When selling gold, you must decide whether you’re selling a piece for its melt value or just jewelry. You will only get melt value at pawn shops or with most private buyers. This shouldn’t deter you from selling your gold, as there is probably a buyer out there willing to buy for collector value.

Most people know how gold has helped people become wealthy. Since the economy has faltered in the last several years, we are now seeing a rise in people participating in the gold market. Hopefully, the advice here will show you the best way to use gold to build your wealth.

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