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Before going to a gold party, find out which company will be buying your jewelry. Research the company ahead of time by taking a look at their website and finding out how long they have been in business. You can also check the Better Business Bureau to see if they are on there or have any reviews.

You may be able to find antique jewelry at resale shops or antique stores that can be sold for more than you paid for it. Make sure to check the gold stamp to determine if it is 24K. This means the gold content is relatively high and you will be able to sell it at a higher price.

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.

Have a basic understanding of grams and pennyweight measurements when selling your gold. Some jewelers will measure in pennyweight but pay in grams, and this results in a lower payment to the seller. Avoid this by asking what measurement your jeweler is using before your pieces are ever weighed, and make sure you are paid based on that same measurement.

Gold seems to speak a universal language. It does not matter what a country's exchange rate is; gold always holds its value no matter where you go. It is no wonder that this precious metal is such a popular commodity for investors. This article will talk about some basics in smart investing in gold.

Research gold buyers. If you decide to send your gold out of state, make sure your package is certified and insured. You will probably feel more confident selling your gold to a reputable local business that has a storefront. Either way, you should check with the Better Business Bureau.

You may be able to find antique jewelry at resale shops or antique stores that can be sold for bullion more than you paid for it. Make sure to check the gold stamp to determine if it is 24K. This means the gold content is relatively high and you will be able to sell it at a higher price.

A cheap and quick way to test gold is to use a magnet. Gold and other precious metals are non-ferrous, so they won't be attracted to a magnet. Sometimes only the clasp is solid but the rest is plated. The magnet will tell you the truth.

As with a lot of investing, you should be thinking long-term when you go with gold. That means you don't just buy gold when the price is high. Actually, you are better off investing when the price is lower. If you decide to get into gold by buying at regular intervals, you'll get a better average price and it makes a better investment.

When working with a dealer of precious metals, carefully examine every page of the contract before signing it. Gold dealers have to protect their investment. You need to know what you are signing. If you disagree with the terms of the sale, do business with someone else. At the end of the day you are the one who stands to lose financially.

Before you go shopping for gold jewelry, be sure you know which particular color you would like to purchase. Yellow gold tends to be the most popular, gold is also found in other colors, like white, rose, and even green. Knowing this information will help you narrow down your choice.

If you are interested in selling your gold, you may come across an advertisement stating that a buyer will be at a local hotel near you. In many cases, these people are interested in more than just gold, so if you have other items of value, you should be able to unload them as well. However, you won't command a very high price for your gold from these individuals, and they will often try to pressure you into the sale.

Read each form thoroughly when meeting a gold dealer. This is a large money making endeavor with lots of dollars associated with it. Know what you're agreeing to when signing anything. Don't be afraid to pass on anything that has terms you don't agree to. Protecting your financial interests should be of primary importance.

Beware of buying or selling gold from any mobile offices or cold-call solicitations. These "businesses" are set up in temporary locations that include inns and bullion motels. They claim to offer instant cash for silver and gold pieces, especially coins. They enjoy taking pieces to make a profit for unfair or no compensation.

Beware of buying or selling gold from any mobile offices or cold-call solicitations. These "businesses" are set up in temporary locations that include inns and motels. They claim to offer instant cash for silver and gold pieces, especially coins. They enjoy taking pieces to make a profit for unfair or no compensation.

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.

While purchasing gold can be quite exhilarating, try not to discuss your purchase with others. You can't be sure who's listening or who is trustworthy. Keep your investment to yourself and under lock and key, either with a bank or in a good home safe. This will ensure your gold has protection no matter what.