Gold has been a metal that is highly prized. Gold was discovered centuries ago and has been adored for thousands of years. If you have been considering investing in gold, then you will find valuable information on this topic right here.

Gold prices change frequently, so make sure you have up-to-date information about gold prices before selling something. If you’re trying to get gold sold, pieces with different karat values should be weighed and valued separately. Avoid selling any jewelry that is worth is dependent on the designer or maker.

Only buy gold jewelry from a seller if you can return it. Because this isn’t rare, it is critical that you are able to bring the piece back to obtain a refund.

Get an appraisal if you have no idea what value your jewelry. This can cost you a little initially, however it is crucial if you want to know the true value of your item. If you continue with your plan to sell, know that you probably are not going to get the full appraisal amount.

Pawn shops and many private sellers are only looking to pay melt value.

If you are shipping jewelry, find out how much shipping will be. Be sure you figure out what things will cost you to reclaim your jewelry.

Sell gold to buyers who are licensed to buy gold. There is a lot of competition out there, so do not think that you must make a sale to the first buyer that you meet.

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 only plated in gold with a solid gold clasp. This method is good way to test for that.

Before selling your gold, check the BBB.org website. You can find out about certain businesses and be able to read reviews from there. Look carefully at complaints and how they were resolved. If there are a lot of complaints on their record with the BBB, it would be a wise decision to do business with a different company instead.

Research a gold dealer before doing business with them. If a dealer has complaints files against him, move on.

The purity of gold is measured by karats. The purer the gold, the more expensive and pure it is per each ounce. You should not just rely on the carat stamp. You won’t pay too much for poor quality when you know how to do gold purity tests.

Ask people you know for broken jewelry. If you use an accurate scale that is designed for jewelry, you can make a profit.

Make sure that your gold investments are investing in balance with your total investment portfolio.Gold investment doesn’t provide the regular dividends or income potential that certain stocks and all bonds do. The price tends to fluctuate a lot in the gold is also extremely volatile.It only goes up in value during times when equities devalue. You should invest more than five percent of your portfolio in gold.

Since you just learned some valuable information about the worth of gold, you can see why so many people are interested in it. Not only does gold look beautiful when worn, it is always a very worthwhile investment. Use the information from this article to begin using gold to your advantage.