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Gold has always been a prized possession and a valued commodity. It retains its value even in the toughest of economic times. It is prized for its value and for the beauty of it when worn. If you are looking to buy some gold, here are some tips to guide you.
The price of gold changes often, so you need to know the value of your gold before attempting to sell it. Weigh your gold by karat for the greatest deal. Don’t sell gold jewelry that may be worth more when sold as a designer piece.
When buying gold through a private sale, always test to make sure that the gold is real. There are many pieces of jewelry that are gold plated. In order to make sure you are buying the real deal, invest in a gold testing kit. They are not expensive and can save you from buying fools gold.
It is possible to safely purchase gold online. It is now easy to sell gold without having a physical store location. Many websites are available will help you sell your gold. They’ll mail you a kit which you use to send them the gold. You will receive payment based on the current market value of gold when your items arrive.
Take precautions if you mail your items. There are a lot of mail-in services these days, and while they can be convenient, you need to protect yourself. Send the pieces through insured mail, take photographs and know the company’s policies in case they lose your gold pieces and you want a settlement.
Gold prices may be so high that you may feel that it is best to choose jewelry that is gold-filled or gold-plated instead. However, don’t feel that to buy gold of real value you need to pay a high price in a fine jewelry store. You can buy gold jewelry more cheaply in pawn shops or online.
When you buy some gold jewelry for another person, make sure they have a refund policy. You’re not going to be sure about the jewelry fitting or whether or not a person actually likes the piece. If that should occur, it is important you can return the piece for a full refund.
If you are planning on buying gold for historic value, make sure you understand the true value of the piece. Some are worth no more than their melt price. If you are buying for your own collection, that might be okay. If you are buying as an investment, you should look for pieces that are worth more, meaning it’s often advisable to stay away from any mention of historic value.
Don’t brag about your gold purchases, no matter how excited you are. Anyone could be listening at any time, and you cannot trust everyone. Lock your investment up in a safe at home or at a bank and don’t let anyone else know. This will ensure your gold has protection no matter what.
It is easy to see why gold has always been such a highly regarded possession. Its beauty and value stands the test of time. Hopefully, you have learned more about gold and how to buy it. So take what you have learned and get started on your very own gold collection today.