Gold markets have experienced an incredible uptick in interest and participation in the past few years, mainly due to investor interest in finding a safe, reliable place to warehouse personal wealth. Investing in this market requires a great deal of knowledge up front. This article will give you the tips you need to succeed.

A great way to invest in gold is through bullion bars. The weights will vary. You can find them from a half ounce all the way up to four-hundred ounce bars. The larger sizes are considerably more challenging to find.

Save your money to buy higher quality gold and avoid gold-filled and gold-plated pieces. However, it’s still possible to buy gold jewelry and not need to spend a fortune at the jewelry store. Online auctions, estate sales and pawn shops are only some of your options.

TIP! Never deal with a gold buyer or seller who does not have a favorable reputation. Look them up using the Internet and the Better Business Bureau to find reviews.

You might sell gold melted down or as a jewelry item. Private sellers and pawn shops tend to only pay for melt value. Try not to be discouraged. Sooner or later you will discover the purchaser you are seeking.

If you decide to mail your gold to a buyer, find out how much mailing and insuring these items will cost you and how much you will have to pay to have the items mailed back to you in case you do not accept the buyer’s offer. Many companies will pay for your postage when you send but charge a high price when they return the piece to you. You want to know what those charges might end up being before you decide to send them your gold.

How does the seller know what the karat rating is? Frequently, the gold piece will have a stamp on it. But other times, there isn’t any mark of visual cue, so the reps have other alternatives for determining it. If you see the gold buyer performing an acid test, this is probably somebody who is inexperienced in this market.

TIP! Before buying or selling gold, be sure you are aware of how metals are priced. With silver, platinum and gold the prices vary wildly throughout the day, and in order to get the correct price you must spot check it on the day before making a purchase.

Do not sell your gold for scrap until you have it appraised. This is especially true for one-of-a-kind pieces like jewelry with intricate details and workmanship. Although you will probably have to pay for an appraisal, you might find you have something worth a lot more than you thought. A professional appraiser can also point you towards potential buyers for high-quality gold jewelry.

Gold is a very lucrative but volatile investment. If you cannot tolerate ups and downs, look elsewhere. Even if you are willing to take on some degree of risk, you must take steps to minimize that risk. Never invest more than a sliver of your total portfolio in gold. Start with investing 5% of your portfolio in gold so you can get a better idea of how this precious metal fluctuates.

When you sell gold, separate your gold into groups of different karat values. The gold values differ by karat values so if all the gold you have is weighed together, it won’t be the best value you can get. Gold with higher karat values is more valuable.

TIP! Before you buy gold, be sure you know exactly when it will be delivered to you. When dealing with a vendor, it pays to seek written confirmation of the expected delivery date.

Only deal with gold buyers you have researched and approached on your own. This is a must if you choose to use a mail service that’s in a different state to sell your gold. Any company you want to do business with should be BBB listed so you can check into them.

One thing to see if you can get cheap gold is to see if you know anyone that has broken jewelry for sale. Buy a jewelry scale, see how much the gold weighs, and offer 5 percent more than they would get on the open market. You’ll still come out ahead.

If the value and beauty of gold are your reasons for investing in it, you may want to buy 22-karat gold jewelry. Jewelry made of gold is both fashionable and valuable as an investment. If the jewelry piece is especially well made, it can add to its investment value.

TIP! Always research a company you want to send gold jewelry to. Be sure you figure out when you’ll get sent a payment, and be sure things are insured too.

Keep things simple if you do not have any experience with investing in gold. Try to avoid gold futures investments. They are volatile and complex. It is possible to lose a great deal of money fast if you are not experienced. Investors who have been in gold investing for a long time are the ones that type of investing should be left to.

If you have gems in your gold, tell the dealer you would like to keep the gems once the gold has been melted. Getting the smallest stones out of jewelry can be rather tricky, though. Small gems hold no interest to dealers and they have no value either.

Wait until gold is priced highest before attempting to sell your gold. The stock market and gold prices change every day. If you know a little about the stock market, making good money is a possibility. Wait for the market to climb, and then sell your coins when prices are high.

TIP! You should think about scrap metal if you want to invest in gold without hitting the markets. After a year of buying a little gold each payday, you could end up with a valuable collection of scrap gold.

Always bring at least one form of identification when you go to sell your gold. Thanks to its relative anonymity, gold is one of the most common valuables that thieves try to fence. To catch thieves in the act, there are laws in place that require identification for gold sales. Using this tactic, stolen gold can be traced back more easily.

The interest level surrounding the buying and selling of gold has skyrocketed of late and shows no signs of abating. Before venturing into uncharted waters, however, smart investors do their homework. Use the information you learned from this article to get the most out of the gold market.