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Let Your Portfolio Shine With These Gold Tips

Gold has been highly valued throughout history. It has been revered for thousands of years. If you have been considering investing in gold, the following tips will get you off to the right start.

Get valuations for your tangible gold from a handful of dealers at a minimum. 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.

Go with a legit buyer if you’re selling gold. Contact your local Better Business Bureau to see if there have been complaints filed against a gold dealer. A reliable buyer is going to give you more money and provide you with good customer service when compared to shady buyers. Doing this protects your investment.

Understand the spot price of gold before selling any. If you sell gold, pieces that have various karat values need to be valued and weighted individually. Stay away from selling high-end jewelry pieces because they have more value.

Research several gold buyers and compare them to obtain the best price for your gold. Check for online reviews and reports from the BBB and see how these dealers resolve complaints from their customers. Also get more than one offer for your gold. This will ensure you get the best possible price.

If you’re thinking of mailing off some jewelry to someone, you need to be sure you do your research first. Your package needs to be insured, and you need to be aware of when you are going to receive payment. Take a photo of what you mail to battle against disputes down the road.

If you are buying gold as a form of a retirement fund, make sure to buy the right kind. This needs to be gold investments that have IRS approval. The gold has to be either coins or bars, of the 24 karat variety. Because they hold their value, buy gold bars instead of gold coins.

Research the current market price of gold before you attempt to sell your old and unwanted jewelry. This allows you to evaluate a dealer’s offer against the current market rate. Dealers will charge you a premium on top of market value so they can make some money too.

Look into buying scrap gold if you can’t afford to get into the bigger market. Use the capital you have and purchase what you can and add to it as money becomes available. Find a secure place for your stash until there is enough for you to cash it in.

Get an appraisal if you do not know the value of your gold jewelry. The up front cost is significant, but it can give you a better estimate of value. An independent appraiser should be used in order to receive the best value. If you’re going to sell the gold you have, you’re not going to get the appraisal value.

Realize that any piece that contains gold can be sold to a buyer. Valuable gold can be made into anything that is now broken such as jewelry and any home items that could be around. Mixed metal items can be sold as well. A gold plated item or an item that is not entirely made from gold is still valuable. They won’t be worth as much but you can still get money for them.

If you want to invest in gold, but lack significant capital, think about getting into scrap. Use the capital you have and purchase what you can and add to it as money becomes available. Just make sure you have a safe place to store your little stockpile until it is time to upgrade.

Having read this article, you should have a clear understanding of gold value both financially and as a treasured item around the world. Gold is lovely to look at and profitable to invest in. Use what you have learned to help you invest in gold soon.

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