The New Gold Rush: What You Should Know

Gold offers a more reliable investment for individuals looking to avoid having their investment lose value due to fluctuations in the dollar. Gold is a precious metal that is very popular for investors to get behind, and this is something that becomes more valuable with time. Put the above advice to good use when purchasing gold.

When it’s time to sell off gold, you should always deal with trustworthy buyers. Look at the Better Business Bureau to gather information about the company to see if their legitimate or not. Reputable buyers usually pay fairly for gold, and they often have much better customer service versus the less reputable ones. This will protect you from rip off artists.

When you purchase gold, it’s important to set a fairly stringent schedule for delivery of your metal. If your seller doesn’t offer delivery immediately, you need written confirmation of when to expect your items. You should be provided with the estimated date of delivery. Do not complete your order without this important information.

Research the market price before selling any of your gold jewelry. This will help you set a fair price when you sell or buy. Most dealers will give you the market value, but some will rely on the fact that people just want cash to try and get the best deal possible for themselves.

If you decide to take any scrap gold or jewelry to local places that pay cash for gold, shop around. You cannot count on these stores to pay the national standard of the day. Local stores that don’t have outrageous overhead may be able to pay you more for your gold.

There are places you can send you jewelry to get paid. See how you can get your gold back if you don’t like the offer. Many companies will pay for your postage when you send but charge a high price when they return the piece to you. Be sure you have an idea how much it will cost you to reclaim your items.

Don’t avoid searching antique shops or thrift stores for gold. Many of these places offer great finds in gold at a cheap price if dig deep enough. Many people do not realize what they have and sell it or donate it to these shops. Reap the benefits from that loss, but only after researching first.

Shop around before you decide which gold buyer you will use. You’d be surprised in the variance of prices you’ll get offered. If you do not get several offers, you may not get the best price. Putting in a little time at the beginning can mean maximum cash in the end.

Do not invest in any market before you have done your homework. Some people will claim to be experts in the field. Do not buy into promises of quick riches. Gold investing should be long term investments.

In many jewelry designs, support pieces like the backs of earrings will be made of solid gold, despite the rest of the piece not being solid. Quite often, necklace clasps and ring bands are real too. You can sell these small pieces together. This is a bunch of different gold pieces in quantity and can help you to get more money for them.

Karat Weight

When selling gold, categorize it by karat weight. Don’t allow the dealer to rip you off by pricing all the gold at the least pure karat weight. That always means less cash for you. So keep each piece separated to ensure you get the most you can.

There are a lot of things to think over when deciding if you’re going to invest in precious metals. You have the choice of purchasing gold in coins, bullions, or in gold and silver equities. What you just read is great information on gold.