Many people these days see gold to protect their wealth. However, the necessary understanding of gold markets has sometimes been elusive, which many investors don’t. Read on for valuable tips and selling gold.

Before you put down your money for gold, get a guaranteed delivery date. If this is not possible, it is necessary for you to obtain a written estimate of when your items should arrive. You should have the date of delivery.Only make the order if you obtain this document.

Check out current market before you ever sell any jewelry. This can help you set a good price or not.

The IRS must have approved the gold.Bars are more valuable than coins are.

This is easy to do over time, and you can see how this can make a valuable investment. Keep your collection safe until you get enough to cash in.

Look around before deciding on purchasing from a particular gold buyer.You may be shocked to see how different the spread of offers you wind up getting! Going with the very first buyer who comes along might not be a good idea. Take a bit more time at first so that you have the most cash possible in your pocket.

Many times you will be stamped with a karat rating. 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 the rep does this, they might be new.

Many times earring posts are made of solid gold, even if the earring itself is not solid. Necklace clasps and ring bands often are as well.You can often sell these smaller pieces together. This is a bunch of different gold pieces in one quantity and it can help you earn more money.

You do not have to physically own gold to invest in ways other than actually having physical possession of gold. If you buy physical gold, consider safe storage of your pieces.

Separate your gold into groups based on karat weight. Some vendors may try to weigh all of your gold at one time and pay you for the lowest karat. This is a scam that will cheat you receiving less money.

Read all the fine print when meeting a gold dealer.This is not a large money making endeavor with lots of money. You need to completely understand the contract you are committing to. If you do not agree with the term, then you need to keep moving along. It will pay off to know you have that extra protection.

Gold is usually a very lucrative but volatile investment.If the thought of volatility and constant changes is a turn-off, look elsewhere. If your stomach can handle the rough ride, still limit your downside risk. Only a small overall percentage of your portfolio should be invested in gold. A prudent limit is five percent.

When you sell gold, separate it based on karats. The karat value determines the gold’s value, and weighing your gold together can cheat you out of money. Higher karat values yield higher value overall.

If you want to invest into gold for both value and beauty, then think over purchasing jewelry that’s made out of pure gold. Jewelry makes a fashion statement too.

Gold is best when looked at as a great long-term investment. This requires you rarely invest in gold no matter what the current price is and not just when prices are high.

Gold investing has created wealth for many people. If you want to invest in this market, you have to be educated. The information in this article should give you a good jumping off point for buying and selling gold.