For centuries, gold is something that people desire. Not only does it look great, but it has a high value as well. But, how much do you really know about gold? Do you feel like you would benefit from learning more? If so, the following article will be of great help.
Before selling your gold to an establishment, make sure that they are a reputable seller. Check with your Better Business Bureau to make sure that they have given fair prices to people. You don’t want to sell your gold to someone who will cheat you out of the precious gold you’re selling.
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.
Always check out the up to date market value for gold before you seek your gold jewelry. That way you will be able to ascertain if a dealer is providing you with a fair price or not for your pieces. Dealers often assume that people who are trying to sell gold need quick cash and will try to take advantage.
Before taking your gold to sell, research the buyer. Most reputable dealers will be members of the American Numismatic Association. These dealers are held to a higher standard of ethics and must follow certain criteria when purchasing gold from individuals. To ensure you get the most money for your gold, make sure to use a dealer who is part of this association.
Many people find purchasing gold stocks is a wise investment for their portfolio. When stock of companies lose value, the value of gold stocks rise so this provides some protection for their long term investments. Many investment counselors are now recommending inclusion of precious metal stocks in long term retirement accounts.
Do not buy gold from strangers who approach you in the streets and offer to sell it to you at an unreasonably cheap price. It might sound silly but people fall for it all the time. These pieces are brass or gold plated and the seller will do anything to get you to buy it. Ask to go to the pawn shop and if they refuse, walk away.
Gold prices have skyrocketed 400% in the last decade. It may or may not be the best time to purchase gold depending on the worth of the dollar. When the dollar loses value, the value of gold increases.
When shopping around for the best deal on your gold jewelry, get any offers in writing. Most companies will give you something in writing, and that offer will usually be valid for a very short period of time. You can use the written offer to negotiate a better deal at your next stop.
Now that you have read this article, you probably realize you did not know as much about gold as you thought you did. Most people really do not know much about this precious metal. With the above tips, you can make sure you are taking advantage of all that gold can offer.