Welcome to Gaia! :: View User's Journal | Gaia Journals

If you're looking into adding gold to your portfolio, how do you plan on doing that? You might have heard a few things from time to time, but you're here looking for more information as to how you can utilize gold within your investments in different ways and to learn more about the market. So, keep reading to get that information.



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.



If a deal seems too good to be true, then it probably is. Be leery of people who are selling their gold for way below the going rate. Chances are probably good that it is gold plated or brass. Even if it is stamped, it is always best to have it tested before you buy it.



How heavy your gold is will determine how much money you get for each piece. However, some dealers are not very reputable and may try to pay you less than you are owed. Watch out for anyone who weighs your gold by the pennyweight but tries to pay you for grams instead.




<img src="http://www.suggestsoft.com/images/credit-card-debt-consolidation/credit-card-debt-consolidation-loans.gif" />



You need to know what you have before you go to sell it. Higher karats equals higher gold density and more value. Buyers who do not have a good reputation may try to take advantage of sellers who don't know exactly what http://www.developmentfinancetoday.co.uk/article-desc-4881_famous-movie-home-up-for-sale-following-renovation have. Twenty-four karat gold is almost pure gold so it is worth way more than fourteen karat gold.



Avoid rare gold coins unless you really know what you are buying. Rare gold coins can be difficult to sell, and they sometimes lose value quickly. They also might not contain as much gold as you think. Leave such purchases for the experts, and stick to better known coins for your own collection.



Watch out for the gold buying bait and switch. There are buyers out there that promote the price they'll pay for bulk gold, but don't tell you that the price is much more for smaller quantities. This can leave you making a very bad deal. Ask before you make any sort of commitment.



Be very wary of anyone that claims to be able to offer you rare and valuable coins at dropdown prices. The reality is that linked web-site 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.



You can get varying prices depending on how you sell it. Most pawn shops and gold buyers will purchase your gold jewelry for melt value. Don't lose faith; there is always someone willing to buy the item as an entire piece.



If you are looking to find a great deal on gold and other precious metals, try going to flea markets and estate sales. If you really take your time to look around thoroughly and do some hard core digging, you can end up finding pieces that others have overlooked.



When in doubt, get it checked out. There are some great knock-off gold pieces out there that really look like the real deal, but are infact fake. The best way to not get duped is by investing in a gold testing kit, or taking the gold piece in question to the pawn shop.



Know going into any gold buyer that you won't get the current daily rate for the price of your gold. There are all sorts of fees that come into play that will affect your final return. The goal is to find a company that gives you the best deal out there. Do a little shopping before settling.



Do your math before walking into a gold selling situation. You need to have an idea of what your gold is potentially worth. If you don't and the dealer senses that, chances are you'll receive a lowball offer. Do yourself a favor, and don't put yourself in that situation. It only costs you money.



If you have a good idea of the ins and outs of the market, investing in gold is not very complicated. Now that you know some helpful information about gold, you should feel comfortable going into this market. Use this information to your benefit as you begin to make investments in gold.