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Want To Get In On The Gold Rush? Read This!

TIP! If you are buying gold jewelry as a gift, make sure you have a money back guarantee. There are time where you may have to return the jewelry.

If you have long harbored an interest in gold investing but have yet to take the leap, you have come to the right place. At first, learning the ropes can be intimidating, but that isn’t a reason to give up. With a little self-education, you’ll be in an excellent position to make smart gold-investing choices.

TIP! Make sure that you know the current market value of your gold before selling it. Many sites offer this information, plus it changes every day.

Do not sell your gold without first knowing what it is currently worth. Don’t forget to take into account the different karat values of your gold pieces. Because the jewelry you sell will be melted down, keep pieces that are more valuable because of the designer name.

TIP! Be cautious. There are many swindlers to be found in the gold market.

Before you mail off your gold, make sure that you understand the polices, fees and terms of the company you are dealing with. Be sure you figure out when you’ll get sent a payment, and be sure things are insured too. Also, make a photographic inventory of every item you send.

TIP! Be sure you know about the gold in your possession. Not everything is worth what you think it’s worth.

If you have an interest in getting into the gold markets, but don’t have a lot of investment capital, consider buying scrap. This can accumulate over time, and you can see how this can make a valuable investment. Make sure you keep the gold secured. A safety deposit box is a good place.

TIP! Use a magnet to test inexpensive jewelry to determine if it consists of steel. If the piece is real gold, the magnet will not be attracted to it.

If you are not sure of the value of your gold jewelry, you may want to get it appraised. This can cost you a little initially, but you want to know right? You will want to find someone who is accredited in gold appraisal to get the proper value of the piece. Also keep in mind you usually won’t get the full value if you do decide to sell the gold.

TIP! Make sure you read fine print in any sales contract to a full understanding. You need to know what you’re getting into if you’re using a mail-in purchasing service to sell gold.

You never know where you will find valuable gold; places like thrift stores are often great places to discover good deals. When you know what to search for, you can find great items in these places. Often people do not realize the value of old jewelry and simply donate it or put it in a garage sale. You stand to gain a great deal if you come armed with a bit of research.

TIP! Separate your gold by karat weight. Some vendors may try to weigh all of your items at one time and pay you for the lowest karat.

Knows all the details in a gold sales contract. If you sell gold through a mail-in purchaser, make sure you understand the terms of the deal. This helps you see how much is paid toward commissions and fees.

TIP! Never sell gold simply for the sake of selling it. Gold tends to increase in price, so waiting may yield even greater profits.

Now you know how to get started. Start implementing the strategies you’ve learned here as you begin investing in gold. Before you know it, you will experience the multitude of benefits that gold investing can offer you.

Thank you,

David Ingham

Click Here to get your free Gold savings plan

About David Ingham (1575 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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