Many invest in gold to keep money will be part of the safest market around. A lot of investors say that gold is a great place to park your money during times of economic uncertainty.

Gold bullion bars are the most economical choice for investment purposes. The weight of these items may vary. They can be found in sizes as small as a half an ounce to bars that weigh four-hundred ounces. The 400 ounce bars are considerably more challenging to find.

Stay with reputable firms when you sell your gold. You can find out if they’re trustworthy by looking at the BBB and checking online reviews. A buyer will pay you good service and an equitable price for your gold you great customer service. Protect your gold investment and your gold by doing this.

Do not dabble in the gold market until you know how pricing of precious metals. Silver, gold and platinum prices fluctuate often, so spot check a price on the day you plan to do business. You must to pay a higher percentage for fractional pieces like half ounces and quarter ounces over the melt values if you’re buying less than one ounce pieces.

Look online for a gold buyer that has a good reputation.

The high price of gold may put you off. You do not have to pay full price for gold jewelry without spending a ton at an actual jewelry store. Pawn shops and there are also many online buying options.

Sell only to gold to buyers that are state licensed to buy gold. There are plenty of buyers for gold, but some are out to rip you off.

Know what it is you actually have in your possession. Not everything that looks like gold piece are worth their weight in it. Other metals are frequently put together with gold in order to provide strength. This makes the price. This is also applies to pieces that are just plated.

Use a magnet to determine whether an item is really made of gold or another precious metal. Precious metals like gold are not respond to magnets.Sometimes a jewelry piece is only the clasp is solid but the rest is plated.This is a smart idea to test that.

Many times you will have a stamp. Sometimes, however, there is no visual sign, so the people should have another way to figure these things out. Acid tests are simple ways to do this, so if a representative is using this, they’re probably new to the business.

Earring backings are usually solid gold, even when the earrings are not.Necklace clasps and ring bands are frequently real as well. You can often sell these small pieces together to get more money. This is a bunch of different gold pieces in one quantity and it can help you to get more money for them.

You don’t have to have gold in it. If you opt to buy gold coins or bars, think about the cost storage when making your purchase.

Separate your gold by karat values.Some buyers will weigh all your gold at one time and offer you what the smallest karat weight is worth. This will cost you out of money.

Karat Value

When preparing to sell gold, separate it into different karat value groups. The value of gold varies by karats, you will not receive the best cash value. Gold with higher karat value is worth more.

Gold is measured in karats. As you higher in the number of karats, the purity does as well. You should not just go by the karat stamp. You won’t pay too much for poor quality if you know how to do gold purity tests.

Know what your goals are before investing in gold. Gold is often used as a terrific hedge against economic turmoil and inflation, but it is great when you are trying to balance your portfolio through rough economic times. If you educate yourself on the gold market and have a game plan going in, you have a better chance of making money.

Gold Coins

A good way to start collecting gold is buying United States gold coins minted before 1933. Gold coins were prevalent until President Roosevelt recalled them. Many people still kept them and they are available to buy.

You won’t be able to get the full melt value for your gold. Gold dealers are in business people similar to other business owners. You can expect between 50% and 70% of the total value.

You can begin investing in the gold with only a small amount of money. You can definitely start off small.You can get small gold pieces of jewelry and coins – whatever is within your budget.

A terrific site for determining current gold is at goldprice.org.

Take pictures of all your gold before letting a buyer inspect them. Also inquire about what will happen if your pieces go missing when it’s in the buyer’s possession. Make sure to have this important information in writing to protect yourself.

You may lose quite a bit of money if you just sell them for scrap gold melt. This points up the proper research and know exactly how much your homework about value before hand.

It is easy to invest in gold when you understand the gold market. Having read these tips, you can now go forth and invest successfully in gold. Get the most from your money by applying each of these ideas to your investment strategy.