Humans have been attracted to gold for thousands of years. Gold was discovered centuries ago and has been valued since that time. If you are looking to invest in gold or perhaps buy a some gold jewelry, then here are some tips to help you get the most value for your money.
When going to sell your gold, bring along identification. If you come to an agreement on the sale of the pieces, you will be required to give the buyers a copy of your government issued id. This is a law meant to protect individuals against buying pieces that are stolen, and any reputable dealer will stand by this law.
Do you have an allergy to nickel? If so, you are better off getting jewelry that has a higher gold content, like 18 or 22 karat gold. Items that have a higher gold content are less likely to cause an allergic reaction. You should also stay away from gold plated jewelry.
Steer clear of any “act now” offers. The gold industry is filled with less than reputable types that want you to take immediate action. Why? Because typically, they’ll get the better end of the deal because you didn’t read through the fine print. Instead, walk away from these types of deals and be patient in how you approach the market.
Whenever you make an investment in gold in the form of jewelry, always ensure that you have sufficient documentation and can return it if required. It’s almost impossible to determine the value of your gold jewelry just by looking at it. If that should occur, it is important you can return the piece for a full refund.
Do not go to a pawn shop if you have gold to sell. You will not get as much for your gold as you would if you went to a gold dealer. A pawn shop will try to give you the minimum amount so they can make the maximum profit.
GoldMoney is a popular resource to use in gold buying efforts. It’s like a bank account for gold. You create an account and fund it; then your account is given some gold at the market price. Instead of keeping up with the gold in your own home, it is stored in a secure bank vault. You can cash it out, divide it, or redeem it.
Be very wary of anyone that claims to be able to offer you rare and valuable coins at dropdown prices. The reality is that no one is going to give you something for nothing. The coins you are being offered are probably not as valuable as they are making them out to be.
When looking to buy gold as an investment, it is important that you invest in solid gold. There are many phrases you should look out for such as “gold clad,” “gold enveloped” because these are just fancy words for gold plated. This means under the gold is a different metal, which drastically drives down the value.
You should note that even if a whole piece of jewelry is not solid gold, the backs of earrings or clasps may be. Necklace clasps and ring bands are usually real as well. The weight is low, so sell these items together. This is various gold pieces in one quantity and it can help you earn more money.
Do not sell your gold at a gold party. Although these parties are fun, sellers usually net less than 80 percent of the value of their gold at these parties. To get the most bang for your buck, find a reputable dealer that specializes in buying and selling gold.
Now you know a lot more about gold. Gold is a wise investment and is beautiful to wear as well. Use these tips to begin investing in gold.