Gold is hugely popular since the economy began to tank. People are continuing to invest in gold to protect their wealth. This article contains the information needed to successfully invest in gold.
Do not sell your gold without first knowing what it is currently worth. If you have made the call to sell any gold you have, group your pieces by karat value. Never sell any jewelry as gold scraps that's worth more than the gold itself due to the designer.
Think about selling gold via the internet. Gold dealing doesn't require physical stores anymore. You can use various websites to sell gold. The website will send special kits where you are to return your gold items. If they accept the pieces, you will receive their prevailing rate.
When buying gold jewelry as a gift, make sure that the return policy is sound. It's entirely possible that a particular piece ends up being improperly sized or simply unappreciated by its recipient. If that happens, you want to be able to take the piece back for a refund.
When you're dealing with any type of gold it can be of valuable to someone that buys it. That could be broken pieces of jewelry, tableware, home decor, or anything else you have around. Having 100% gold isn't required, either. It just needs to be plated or maybe only a part of it's gold. You can still get some decent money selling these items.
When selling jewelry, be aware that most gold buyers will only pay you on the melt value. You will only get melt value at pawn shops or with most private buyers. If you're prepared to put more effort into locating a buyer, though, you may make more by selling your pieces as jewelry.
You may even be able to find old gold at thrift shops or garage sales. You can find bargains in these places. Many people sell or donate at these shops for low prices due to being unaware of what they own. Their lack of knowledge can be used to your benefit, if you know what to look for.
Be cautious with the gold market. The gold market can have many bad companies out there. There are lots of people that want to rip you off by not giving you what you're owed. Always exercise caution.
Make sure you are know exactly what you have. Not all pieces that appear to be gold are worth their weight in gold. Usually, there are other metals mixed with gold for stability. This will lower it's worth. Items that are just plated in gold can also be affected. If you aren't sure what you've got, you should get it appraised before you sell it.
After the financial problems of 2008, gold has become one of the most popular investments out there. If you are planning to invest for the long term, gold is a good choice because it is the international currency. This article provided you with a great starting point.