Many people assume gold is a great way to protect their wealth. When the equities market is headed down, gold will remain high. Keep reading if you are interested in learning more.

You may shy away due to golds price, which may make you go for gold-filled or gold-plated jewelry instead. You can still buy gold jewelry without spending too much at the jewelry store. It is cheaper online and at pawn shops.

Before selling gold jewelry, see what the current prices are in the gold market. This will assist you in determining if the offer you receive is fair. Most dealers will make you a fair offer, but some will try and rip you off.

Melt Value

When selling your gold, it is necessary to determine if you wish to sell something as jewelry or simply to get its melt value. Pawn shops and many private sellers are only looking to pay the melt value. If youre prepared to put more effort into locating a buyer, though, you may make more by selling your pieces as jewelry.

Take a look at the spot price prior to going out to purchase gold. Many websites update this information daily. Never pay more than 8% premiums on your gold. Knowing the value of your gold will keep you from getting ripped off.

Comparison shop when you are choosing a buyer. The offers may be hugely varied. If you do not get several offers, you may not get the best price. Spend a bit of time on the front end so you get the most profit out of the transaction.

Never sign a contract without thoroughly reading it first. If you are going to sell gold pieces to a mail-in buyer, look at the fine print prior to selling to them. This way, you will know the exact amount of the fees and commissions you will be paying.

Investigate with the Better Business Bureau before selling your gold to any purchaser. In this way, you can get sound information on the performance and history of these entities. If there were any complaints, you will want to see how the company resolved the issue. If theres a lot of complaints about one company, consider not using them.

Figure out who your dealer really is before you buy gold from them. Speak with the BBB in your area to be sure the dealer is reputable. By contacting the BBB, you can see if they have any complaints against them. If you notice there are registered complaints, then you need to choose another gold dealer.

You can easily invest in gold if you do your research first. Now that you are armed with this information, you are better prepared to make smart choices in the gold market. Use this information to invest wisely.