Investing in the Gold Rush

Investing in the Gold Rush

  • by Melinda Spencer |
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Have you taken the time to investigate the gold market? Do you know what that gold market could mean for you? Maybe you are interested in taking up a new hobby that can offer you an extra income or would like to quit your day job and simply live off your investment profits. If so, the article can help you find out more about the gold market and get you started investing.

If you are investing in jewelry, it is important to know the number of karats on any particular piece. Each piece has a hallmark that will give you that information. For example, if you purchase a necklace that is 14 karat gold, you will find the hallmark says “14k.” Look for the hallmark on the inside of any piece you are considering.

Gold plated jewelry is cheaper, but it should be avoided. When you wear gold plated jewelry regularly, it tends to quickly wear down and lose its color from rubbing against your skin. If you do decide to wear gold plated jewelry, do so sparingly so you don’t wear it down so quickly.

As with anything, be aware of scam artists when purchasing gold. Try to find a reputable dealer. Always be careful of any offers from dealers, such as delivery time delays and free storage. Those dealers are more likely to take your money and never give you your gold. Look on the Better Business Bureau for your dealer before you decide to work with them to determine if they are ethical.

Visit a few precious metal dealers so they can value your gold before you decide to trade it or cash it in. Different dealers will offer you different prices per gram of gold and the amount can vary greatly. To get the most for your gold, it pays to talk with several dealers before you agree on any deal.

If you are interested in getting into the gold market, we hope this article has helped you. There are many online resources to further help you make wise decisions in gold investment. Be sure to do lots of research and talk with other experts in the gold market so you can learn what it takes to turn your gold investments into profits.

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Melinda Spencer