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The New Gold Rush: What You Should Know

Putting your money into gold is considered a safe place if you want to protect your money. Perhaps you are a person who has daydreamed about investing in gold, but doesn’t actually know where to begin? If that’s true, this article is for you. This article will give you tips on investing in gold.

Make sure that you get a quality estimate from a reputable source before selling your gold. Gold buyers include all types of businesses ranging from jewelers to online companies. Nearly every one has different profit levels that they must maintain. Getting multiple estimates helps you get a fairer price on your gold when selling it.

Bullion bars are an excellent gold investment. They come in varying weights. They can be found in sizes as small as a half-ounce or as large as four hundred ounce bars. If you want a 400 ounce bar, you may have a hard time finding one.

Sell your gold online. You don’t need to have a physical store location anymore. There are dozens of reputable websites where you can buy and sell gold. Simply contact the site you wish to do business with, and they will send you the packaging material to ship the gold you want to sell. If they accept the pieces, you will receive their prevailing rate.

Make sure to research prospective buyers in advance in order to find a reputable one. You can read reviews online, check with the Better Business Bureau and discover how each dealer resolves customer complaints. If you get quotes from multiple buyers, you will get the most for your gold.

Before buying from a gold seller, schedule a timely delivery. When the seller doesn’t ship immediately, you must get their promise to ship in writing. You should be provided with the estimated date of delivery. Don’t proceed with the order until you have this information.

Get an appraisal to find out the exact value of your jewelry. While there is a cost involved, you will at least then be fully aware of what you own and what it is worth. Use an accredited appraiser for best results. If you continue with your plan to sell, do be aware that you won’t receive the price the piece has been appraised at.

Before buying from a gold seller, schedule a timely delivery. If the person selling you the gold does not deliver the product right away, it is necessary for you to obtain a written estimate of when your items should arrive. The date they expect you to get them should be listed. If you cannot get this document, do not complete your order.

Realize that any piece that contains gold can be sold to a buyer. You could, for instance, sell some broken jewelry, some tableware, gold coins or many other objects. An item need not be made purely of gold. It could be gold plated or a bit of gold and still be sold. You can still get a good return on the sale.

Selling gold depends on what sort of piece it is, be it a coin, bar or piece of jewelry. Some buyers, including a lot of private sellers and pawn shops, only care about melt value. It may take longer to find the right buyer, but you will get more money this way.

If you are sending your jewelry off in the mail, make sure you investigate how much it will cost you to have the pieces sent back to you if you don’t like the offer. They may not charge you to send it to them, but they could gouge you to send it back. Know what this cost is before you mail your items.

You might balk at the high cost of gold, causing you to select gold-filled or gold-plated items. However, it’s still possible to buy gold jewelry and not need to spend a fortune at the jewelry store. Try visiting a pawn shop or looking online instead.

Sell only to gold buyers who are licensed. There’s always a risk of getting ripped off, but a buyer who is licensed poses far less risk of this occurring. Never sell without doing research and verifying the dealer is licensed.

Solid Gold

A quick and inexpensive way to test a piece of gold or precious metal to see if it is real, is by using a magnet. It is true that precious metals are not attracted to magnets. In some cases, individual parts of a piece (like the clasp) may be solid gold while other parts are plated. Using this technique will help ensure your pieces are solid gold.

If you decide to send your jewelry to a company through the mail, research them and their terms before heading to the post office. Insure your shipment, and get a solid confirmation of when you can expect to be paid. Take a photo of all the items you are sending so there will be no questions later.

Gold investing isn’t just for a pro; anyone who wants to be safe with their money can do it too. Now that you have read this article you should have a good idea of how the market works. Keep these great ideas in mind as you go.

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