One of the most sought after metals is gold. Since it’s discovery eons ago, people have treasured gold. Beyond gold’s natural beauty, it has also acted as a way to store and accumulate wealth. If you want to buy or sell gold, read these tips.

Bullion Bars

You can’t beat bullion bars for a solid gold investment. Bullion bars come in a variety of weight. Bars may be a half ounce, 400 ounces or anything in between. The smaller bars are more common, while the larger ones are harder to find.

Be sure to find a reputable gold buyer to do business with. Check with the BBB and look at reviews online before you sell your gold to a buyer. A buyer with a good reputation will normally pay the going rate for gold, and offer superb customer service than a company than is not legitimate. This extra step makes sure that you are covered and paid appropriately.

Solid Gold Jewelry

You may think that solid gold jewelry is too expensive and choose to purchase gold plated or filled jewelry. Before settling for a gold plated piece, understand that there are great deals out there on solid gold jewelry. You can get gold jewelry cheaper online or in pawn shops.

Find out what the terms are before mailing off your old, broken jewelry. Be certain you have a clear understanding of the timeline involved, and make certain your jewelry is insured. The final step is to take photos of your jewelry, just to be sure you can fight any future problems that may occur.

If you don’t have lots of money to buy gold, but still want to profit on the upside, think about buying scrap gold. This is easy to do over time, and can lead to an accumulation of real value in the span of a year or two. Keep your stash in a safe place until you have enough of it to cash in.

When buying gold jewelry as a gift, make sure that the return policy is sound. You need a guarantee on any gold you buy. Because of this, it is critical that you are able to bring the piece back to obtain a refund.

Before you ship gold jewelry to a buying service, find out whether you will be charged for return shipping. If you are not satisfied with the offer, you will have to pay this amount. A lot of buyers offer free shipping but will charge you a lot to send the item back. Be certain you know exactly what those fees will be.

You can sell your gold by mail. You may prefer this since it’s a lot easier. Simply receive your prepaid envelope, place the gold inside of it, ship it and wait for your check. But, keep in mind that such enterprises tend to offer lower prices than some competitors. You might receive up to 30 percent less concerning an item you sell, so be aware of this.

Know your dealer before purchasing gold. To ensure you are dealing with a trustworthy dealer, inquire with the area BBB. You will be able to learn if there have been any complaints lodged against them. If they aren’t resolved, move on.

To be a smart investor in gold pieces, learn how to test for the grade. You measure the purity of gold in karats. Gold with a higher karat value is more valuable per ounce. The stamp on the gold is not always accurate. If you can test the purity, you will never over pay.

To protect yourself and get a good deal, always do research on anyone you might buy gold from. This is very important, especially if you’re mailing it to someone that doesn’t live in your state. Companies purchasing gold are generally listed with the BBB. You are able to see any complaints filed here.

Make sure you look into the buyback policy of a seller. Some gold buyers charge a premium to resell your gold while others do not. When you are thinking about sending hefty gold bars or pieces to non-local dealer, consider the logistics. It is always best to hold on to the gold you purchase yourself to ensure its safety.

If there are small gems in your gold piece, ask to keep the gems after the gold is melted down. Some may be more difficult to remove than others. Little gems aren’t worth anything to most dealers.

Know what you’re buying. Lots of coins that are labeled as “gold” are just plated with gold. Confirmation from a certified appraiser will ensure that the coin you are buying is real.

Gold jewelry should always be separated according to karat content before it’s weighed and priced. Jewelry with a higher karat rating is worth more. That’s why those with fewer karats will reduce how much you get for your pieces. Make sure to separate the items before you go to sell.

You should find out how much your gold is worth before selling it. Usually, when you are trying to sell your gold pieces, dealers know that you want to make quick cash. This knowledge can be the difference between profit and loss. Check out www.goldprice.org to keep up-to-date with the price of gold.

Now you know about the absolute value of pure gold and why it’s treasured by many people. Gold is one of the best investments you can make. Use the advice from this piece and get going on your gold investing plan.