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Gold is a relatively safe way to invest your money. If you want to join this market, but don’t know how, you’re not alone. This article is for you! This article has great advice for investing in gold.

Always use a reputable company when selling gold. You are able to find out more about their reputations with the local BBB and through online reviews. A buyer with a good reputation will give you good service and an equitable price for the gold you are selling. This will protect you from rip off artists.

Find out what the terms are before mailing off your old, broken jewelry. Be sure you find out when you will receive payment, and buy insurance for your package, too. Lastly, write down and also photograph everything you send to this company just in case you have a disagreement.

Get a value from a few buyers before selling your goal. 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 the gold you are purchasing is an investment in your future, you must be aware that there are certain kinds you should target. The gold must be approved by the IRS. Gold for this purpose must be bullion bars or gold coins of 24 karat weight. Try going with bars over coins since they tend to be more valuable.

If you are not sure of the value of your gold jewelry, you may want to get it appraised. While there is a cost involved, you will at least then be fully aware of what you own and what it is worth. Make sure that you get a truly realistic value from an appraiser that is accredited. If you’re going to sell the gold you have, you’re not going to get the appraisal value.

Melt Value

Bullion bars are an excellent investment. They come in varying weights. They can range from a half an ounce to bars that weigh four-hundred ounces. For the record, four hundred ounce bars are very difficult to find.

When selling your gold, it is necessary to determine if you wish to sell something as jewelry or simply to get its melt value. Many private buyers and pawn shops are only willing to give the melt value. Try not to be discouraged. Sooner or later you will discover the purchaser you are seeking.

Always do your homework before investing. Several markets have bad companies, but gold is notorious for containing many. Many people would like to take advantage of your lack of knowledge on gold. That’s why you must do your research and be careful.

Ask the gold party representative about how the gold’s purity in karats is determined. In most cases, gold will be stamped with the karat it is made with. Sometimes, however, you won’t be able to see any kind of a stamp, so the people should have another way to figure these things out. A representative using acid tests is a sign of a less-experienced gold agent, as this kind of test is not one of the more surefire methods for karat determination.

Be sure to find a reputable gold buyer to do business with. Look at the Better Business Bureau to gather information about the company to see if their legitimate or not. A buyer with a good reputation will give you good service and an equitable price for the gold you are selling. Don’t let yourself be taken advantage of.

Anyone can invest in gold, whether you’re an expert or not you can place your money in this safe market. With the advice in this article you should be feeling confident about your interactions with the gold market. Keep the above advice in mind to assist you.

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