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TIP! You’ll want to know just how much your gold will be worth when selling it. If you choose to go ahead with the sale, separate different karat items and have them appraised individually.

How much knowledge do you have in gold trading? Are you feeling as though you are in over your head? Have you already done a fair amount of gold trading and started looking for new and improved investing techniques? Regardless of prior experience, the information found below will be of value to anyone. You are sure to learn something new.

TIP! Stick with a reputable buyer when selling your gold. Look them up using the Internet and the Better Business Bureau to find reviews.

Before buying or selling gold, be sure you are aware of how metals are priced. Daily fluctuations are the norm, so you must be current on the spot price. You may be required to spend more on melt values if you are working with fractional pieces. You might pay more for something that is 0.25 ounces versus something that is 1 ounce.

TIP! Think about selling gold on the web. Gold dealing doesn’t require physical stores anymore.

If you are considering a gold buyer, do some research on him to make sure he is reputable. The BBB can be a great research, as can online customer reviews. When you get bids from multiple buyers, you may be able to get top value for the gold.

TIP! Know the current price per ounce of gold before selling your pieces. That way you will be able to ascertain if a dealer is providing you with a fair price or not for your pieces.

If you do not have a large amount of money to start off with, why not consider purchasing scrap gold. Just keep buying a little every time you get paid, over a year or two you will accumulate quite a little pile. Keep your stash in a safe place until you have enough of it to cash in.

Melt Value

TIP! Selling gold depends on what sort of piece it is, be it a coin, bar or piece of jewelry. Most buyers will offer you just the melt value for your gold.

When it comes to selling gold, you must decide if you are going to sell it just for its melt value or as a jewelry piece. Pawn brokers and private sellers may just want to pay melt value. Don’t get discouraged since there’s a buyer out there that wants your pieces.

TIP! Do not forget to search thrift shops and antique stores for hidden treasures. You can find bargains in these places.

One quit and cheap method of finding out whether or not gold is real is to use a magnet on it. Precious metals, gold included, are not magnetic. Often the clasp of a piece is real gold, while the rest of the piece is just plated. A magnet is an easy way to test.

TIP! To verify that a particular piece of jewelry isn’t simply plated, you can try testing it yourself with a magnet. Precious metals, gold included, are not magnetic.

A lot of times, the earring posts are made from solid gold even though the earring may not be. Necklace clasps and ring bands are as well. These pieces don’t weigh much, so try selling them all as a “lot.” A large quantity can assist you in profiting better from them.

TIP! Talk to a the gold party representative to learn how they make karat determinations. Many times the item will have a stamp.

Now you know how to master the market. Gold prices are volatile and there are risks involved so don’t expect to earn a massive profit immediately. That’s the best outcome for a fun endeavor.

Thank you,

David Ingham

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About David Ingham (2899 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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