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Gold has been a very popular form of investment for thousands of years. There is something about gold that http://www.businessdayonline.com/reps-support-n5bn-commercial-agric-credit-fund-for-states-fct/ find inherently valuable. If you are interested in investing in gold, you need to learn more about the subject so that you can get the best return on your investment.



When you sell gold, get an idea of value from a number of sources. There are a large number of venues for selling your gold, and they each have different target margins. Getting multiple estimates helps you get a fairer price on your gold when selling it.



Read reviews and do your research before choosing a dealer to buy your gold. You want to determine how the business treats its customers and whether there are outstanding complaints against it. If you get bids from a few buyers, you can likely get a better price.



If you are going to a store to sell your gold, make sure you research the shop on the Better Business Bureau's website. You will be able to see what type of experience other consumers had, and you can determine whether or not the company was responsive to customer complaints.



Know that the price of gold fluctuates on a daily basis, just like any other precious metal. What you think you may be getting could be quite different than what you actually get if you waited an extended period between price look up and selling. When selling gold, watch the market for a few days to see how it's performing. This will help you choose the best day to sell.



When deciphering the actual sales price of gold, you should understand the fees associated with selling gold. Dealers generally charge a commission of five to six percent for each ounce of gold sold. For example, if you are selling $100.00 worth of gold, the dealer will take $5.00 out of the proceeds for commission fees.






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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.



Look at the World Gold Counsel website before buying from an online dealer. This site lists reputable dealers who you can trust working with. Buying from someone else could result in you being scammed, because there are many dishonest gold dealers out there. Do your homework first to make sure you remain protected.



Have your gold weighed out in the open, in front of you. If a dealer wants to take your piece to the back of the store, beware. Some less than ethical dealers will use a bait and switch, or they will tell you the pieces weigh less than they actually do. This means less money in your pocket, and it amounts to an unfair deal.



When selling your gold, realize that jewelers use a different scale system than others. For example, one ounce of gold will weigh http://www.bibsonomy.org/user/oneseocompany2/IsItUp.com . Some businesses weigh by the pennyweight, which is 1.555 grams. Then, they purchase by the gram instead of the pennyweight, which can result in them underpaying you.



If you want to be an intelligent gold investor, learn to test gold for its grade. The term, karat, is used to refer to the purity of gold. Purity will be indicated by higher karats and a higher price. You can't always trust a karat stamp. You will not inadvertently purchase bad quality if you know how to do gold purity tests.



Be a comparison shopper. Each gold dealer will make different offers. It may depend on their commission set up or the flexibility in their fees. But you won't see the benefit of this unless you shop around. Don't stop at the first place and call it a day. You may be making a bad deal for yourself.



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 take the time to read an article like this, you are proving that you have what it takes to make a profit on the gold market. The next step is to put these tips to use, turning them into a strategy which is a winner. Continue honing your technique and you will end up a master of the gold market.