While a lot of people love gold, they are not necessarily well educated about it. That little amount of knowledge makes it tough for many to take full advantage of gold as an investment. The advice below will be quite helpful to anyone who is not familiar with the ins and outs of gold investing.

Bullion is the best choice if investing in gold. These come in various weights. The bullion bars come in half ounce bars and increase up to large bars weighing 400 ounces. You will have a hard time if you are seeking the largest size.

Gold prices change all of the time, so make sure you are aware of the value before you try to sell any. If you choose to sell gold items, those with differing karat designations ought to be weighed on their own. You should not sell jewelry as gold scraps if its worth is higher because of the brand or design.

Read reviews and do your research before choosing a dealer to buy your gold. Better Business Associates can give your information about complaints made against a company and how those complaints were resolved. If you get quotes from multiple buyers, you will get the most for your gold.

Before you buy gold from gold sellers, ensure you have scheduled a quick delivery. When dealing with a vendor, it pays to seek written confirmation of the expected delivery date. This is crucial if they do not offer the option to deliver immediately. There should be a date listed for when you can expect them. Do not finalize your order until you receive written confirmation.

Ensure that your retirement investments are approved. The gold has to be IRS approved. That means that the gold is a minimum of 24 karats, and formed as coins or bullion bars. Lean towards buying the bars over the coins as they hold more value than coins.

If you wish to enter the gold market but dont have tons of capital, try buying scrap. After a year of buying a little gold each payday, you could end up with a valuable collection of scrap gold. Just make sure you have a safe place to store your little stockpile until it is time to upgrade.

When purchasing gold, check to see if the dealer offers a return policy. Its almost impossible to determine the value of your gold jewelry just by looking at it. If the gold turns out to be fake, make sure you get your money back.

On the day you are planning to buy your gold, check the spot price. You can find that on a lot of websites, and that can change every day. Never pay any more than an 8 percent markup on the gold prices. Some will attempt to charge even more, but that isnt ethical.

Try using GoldMoney to buy gold. It can be compared to gold bank accounts. You set up an account, deposit your funds, and youre assigned some gold at a price that prevails to your account. Your gold is physically kept in a vault where it can be cashed in, segmented or redeemed for bullion bars.

Make sure that you step up to the market with a sound mind and wary eye. Several markets have bad companies, but gold is notorious for containing many. Despite your best efforts, some buyers and sellers are more than happy to cheat you wherever possible. For this reason, it is very important to thoroughly research any gold buyer you are considering.

To verify that a particular piece of jewelry isnt simply plated, you can try testing it yourself with a magnet. Precious metals that are true like gold arent going to be magnetized. Sometimes a jewelry piece is only plated in gold with a solid gold clasp. A magnet can help test jewelry quickly.

If you attend a gold party, you want to ask the representative how the value of the jewelry is determined exactly. Items are usually stamped. However, if there are no visual indications, there are other ways to determine purity. Dealers using an acid test may be newcomers, as this is a very basic test.

As previously mentioned, not everyone is well versed on the topic of gold. However, with the information in the article above, you now know more about how to invest in gold. Take this knowledge and use it to help you make wise gold choices.