Gold investing is a safe investment. Perhaps you are thinking about joining in but have not had enough information to get started.The article that follows can help anyone invest wisely in gold.

Check the day your are buying gold. This price can be found on several different websites. Never pay in excess of 8% premiums on your gold. Some sellers try charging more, but they are overcharging and oftentimes, not ethical.

Be ready to spot the right moment to invest in Gold

Research the daily spot price before you attempt to sell your gold. You should shop around to see what others are asking for similar gold pieces. This will help you determine a price in mind you can work with.

Use a magnet to quickly determine whether an item is made of gold or another precious metal. Precious metals do not going to be attracted to a magnet. Sometimes a jewelry piece is only the clasp is solid gold clasp. This method is good test that.

Many times the item will see the item have a karat rating. However, if there are no visual indications, so the reps have ways to determine it. Acid testing is a very simple method, so if the rep does this, they’re probably new to the business.

Research, research, and research again

Research the market is doing before investing. There may be unscrupulous dealers claiming to be experts in order to get you investing with them.

Have your pieces appraised before selling it as scrap gold. This rings true with pieces that have exquisite workmanship and design. You may have to pay to have a piece appraised, but it might bring you profit eventually. An appraiser may know someone who will give you sell your special item.You can still invest in gold without physically owning gold. If you choose to purchase actual coins or bars, consider safe storage of your pieces.

Separate your gold into groups based on karat weight. Some buyers will weigh all of your items at once and pay you what the smallest karat weight is worth. This is a scam that will result in you money.

Read all the fine print when meeting a gold dealer.

This is a big business deals with large amounts of money. Know exactly what you are signing. If you do not agree with the term, go somewhere else. It will pay off to know you have that extra protection.Gold is usually a very lucrative but volatile investment.If you can’t handle the fluctuations, this investment is not for you. If you are up to the challenge, then you can still limit the downside risk involved. Only a very small overall percentage of your portfolio in gold. A good limit is about five percent.

Research a gold dealer before doing business with them. If you notice there are registered complaints, try using another dealer.Don’t sell gold until you have to do so. Gold tends to increase in price, it could go down more later. You may benefit in the future by keeping your gold for even more later if you hold onto it now.

You may get great deals when buying gold from individuals. You need to know the risk associated with this method of purchasing. If you locate someone who wants to sell you a coin cheaply, and you are certain of its authenticity, you can buy it and simply hope things work out.

Don’t overcomplicate your head if you’re just starting out investing. Avoid using gold futures and other similar investments. Futures are riskier and fluctuate wildly. You can sometimes lose money pretty quickly if you don’t know what you are doing. Avoid dabbling in intricate investments such as it takes a seasoned investor to sort it out.

The right value

You won’t be able to get full value for your gold. Gold dealers work like everyone else. Expect to see offers from 50 to 70 percent of the total value.If you have several individual pieces of gold jewellery to sell, make sure they are separated by karat value. This is the only way you are going to get proper payment for your gold pieces.

A reputable site to discover the true value of gold prices is the London Gold Centre in Hatton Garden

Remember your ID when you go to sell.Gold is a large target for thieves looking to make good money. To catch them, laws mandate sellers must present ID. This makes it more likely that stolen gold.

Purchasing gold bullion is typically the most consistently valuable means of investing. Bullion comprises high-quality gold and their value is easy to calculate thanks to the marking on the bullion itself. Buy bullion from a reputable and be sure to have an appraisal done.

Don’t buy gold selling at a high premium. Look for low premiums to get a good profit. Gold is usually a safe investment and holds for a while. Avoid borrowing money for gold investing. Look for gold that’s overpriced. Learn what the current value of gold is and look for a good price match. You will find some high price spreads but take the time to compare prices offered by different sellers.

What happens with your trades should you lose access to the Internet stops working? What happens if your power were to go down? What happens if your computer? You need to think of these things and have a plan in place to ensure that you can trade even when the worst occurs.

It is all about the Karat

Inquire about the karat weight of any piece you buy anything. Pure gold is considered 22 karats. A lot of gold jewellery and most coins have less karats.Don’t sell gold hastily. While it is true that gold prices are higher than they have been in the past, there’s still potential room for future growth. If you feel you have to, go ahead and do so. If some of your pieces have the potential to become valuable in the long term, hang on to it for that reason.

Gold investing isn’t just for a pro; anyone who wants to be safe with their money can do it too. Since reading these tips, you know how to make smart choices when it comes to gold. These concepts and ideas can be referred back to whenever necessary.