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TIP! Research the current market price of gold before you attempt to sell your old and unwanted jewelry. This can help you discern whether you’re being offered a good price or not.

Gold is something that many people love, but do not know much about. To make money in gold investing, it is important to know what you are doing. If you are not gold-savvy, these tips can help you.

TIP! When purchasing gold, check to see if the dealer offers a return policy. What if it doesn’t fit? If that happens, you want to be able to take the piece back for a refund.

Attain more than one estimate of the value of your gold. There are lots of services, jewelry stores and pawn shops that buy gold. Of course, they will want to make a profit when they sell it. By getting multiple estimates, you can be certain of getting the best price.

TIP! It’s always a good idea to verify the spot price before making a purchase the same day. This information is available on a number of websites.

If you want to sell gold, make sure the buyer has a state license allowing them to do so. Most states require that dealers be licensed when dealing with the buying and selling of gold. Remember that you have hundreds of options available, so do not be pressured into doing business with the first company to make an offer.

TIP! Be sure you know about the gold in your possession. Not everything that looks like gold is worth its weight in it.

Talk to multiple vendors before making a decision about which buyer you’ll go with. You may be surprised at the differences in the offers that you’ll get! If you do not get several offers, you may not get the best price. Spend the required time to comparison shop before making any decisions.

TIP! Do your homework before rushing to invest in the gold market. Lots of folks claim to be experts and want to get their hands on your money.

If you’re at a gold party you should speak with the person in charge so you can figure out what karats are in the jewelry. A lot of the time you’ll find a stamp on the item. In other cases, there’s no visual evidence and the rep must make the determination by an alternate method. Acid tests are an easy way to determine value.

TIP! Think carefully before you sell off any gold. Gold prices are always going up.

Prior to selling your gold to a buyer, jeweler or dealer, check them out on the BBB. It has basic company information on them, along with complaints and reviews from those that have dealt with them. Pay close attention to whether any of the complaints were not settled in a satisfactory way. Avoid using any business that has a lot of complaints or unresolved complaints.

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TIP! Investigate your sellers buyback policy. Some buyers charge premiums to resell, but others don’t.

Before you buy gold, get to know the dealer. To ensure your dealer is reputable, check with the Better Business Bureau. You can use the Better Business Bureau to see if complaints or adverse claims have been made about the dealer. If there are complaints, you need to find a different dealer.

TIP! You can invest in gold by purchasing beautiful gold jewelry. Jewelry can be an investment and a fashion statement too.

As the beginning of this article mentioned, most people don’t know a lot about gold. Now that you’ve read all this, you should be comfortable with your gold knowledge. Use these tips to turn gold into a profitable hobby.

Thank you,

David Ingham

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About David Ingham (2460 Articles)
I am an online enthusiast, Project Manager and family man helping people create Financial Freedom and earn a Full Time Internet Income. Hence my Blog Work From Home Career, I live in the UK and I love life, rugby, running, snowboarding and Triathlon’s. Are you fed up been broke and looking to learn new skills to become financially free? I have teamed up with Successful Mentors that are ready to help you succeed.

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