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Win With Gold With These Golden Ideas

Not many people know all about gold, even though they may love it. Not knowing about gold makes it difficult to benefit. These tips will help you learn more about gold and the market for it.

When you sell gold, get an idea of value from a number of sources. There are many places to get this done, and some will pay you more than others. When you seek more than one estimate, a fair price is going to be more attainable.

If you take jewelry or scrap gold to local companies that will pay for it, shop around. Even the market “spot” price of gold is a national standard at any given moment, not all stores pay it. Stores that aren’t in big shopping malls tend to have much lower rent and may pay more.

Bullion bars are an excellent gold investment. The weight of these bars vary. The bullion bars come in half ounce bars and increase up to large bars weighing 400 ounces. The 400 ounce bars are generally hard to find.

Know what it is you actually have. Just because it looks like gold doesn’t mean it’s valuable. A lot of the time there will be something mixed with the gold so it holds up better. That can make it less valuable. Also, some items may only be gold plated. If you don’t know what kind of piece you have, take it in to be looked at before you try and sell it.

One quit and cheap method of finding out whether or not gold is real is to use a magnet on it. Precious metals, such as gold, are not magnetic. In some cases, only an item’s clasp is solid gold, while the remainder is merely plated. The magnet will tell you the truth.

Prior to investing in gold, research the current market. Some people swear they’re market experts and attempt to get you to invest with them. But, be wary of get-rich-quick promises. Keep that in mind, and you’ll go into it with realistic expectations.

It is important to research the current value of gold before selling your gold. If you choose to sell any gold, keep in mind that pieces that have different karat values need to be valued and weighed separately. Don’t sell jewelry that is more valuable due to maker or designer.

A lot of times the backs of the earrings are gold. Ring bands, clasps on necklaces, and other easy-to-overlook bits of jewelry also often have significant gold content. Try to sell them as part of a “lot” since singularly they are not very heavy. The more you have, the more they will weigh.

As this article has shown, many people do not know all of the benefits that gold offers. However, having read this article you can no longer say that this applies to you. Use what you’ve just learned to make smart decisions about gold.

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