Gold prices keep going up, no matter what other currency goes down. Clearly this poses some interesting opportunities to pad your investment earnings. When you consider transacting in gold, you need to keep certain things in mind. The tips in this article come from experts in the field, so you will benefit greatly from reading them.

Always use a reputable company when selling gold. Get with the Better Business Bureau or check out reviews online if you’d like to learn about someone’s business. A legit buyer will offer a fair amount for the gold you have. Protect your gold investment by doing this.

Think about selling gold via the internet. You don’t have to go to a physical location to sell gold any longer. There are dozens of reputable websites where you can buy and sell gold. The online business will provide you with a special kit that you can use to send your gold pieces. You will receive payment based on the current market value of gold when your items arrive.

Only certain kinds of gold are suitable for contributing to your retirement fund. The gold must be approved by the IRS. This means it needs to be in the form of coins or bullion that is marked 24 karats. You should be more inclined to buy gold bars, which hold greater value than coins.

If you are purchasing gold jewelry for another person, you must be certain about the return policy. You’re not going to be sure about the jewelry fitting or whether or not a person actually likes the piece. It’s always a good idea to be able to get your money back on a jewelry purchase if it doesn’t work out for you.

Why not get your gold jewelry appraised if you are not too sure about its current value? It costs a little, but the knowledge gained is valuable. Use an accredited appraiser for best results. If you still decide to sell your gold, you should know that you will not be paid the full appraisal value.

When selling any gold, you have to decide if it will be as jewelry or for its melt value. Many buyers only want to pay for the melt value of the jewelry. Don’t get discouraged since there’s a buyer out there that wants your pieces.

If you are shipping jewelry, be certain you find out how much it’s going to cost to get your pieces back if you fail to accept their offer. Companies often provide free shipping, but it can be costly to get them back to you in the mail. Know beforehand how much you would have to send in order to get your pieces back.

Gold sales and purchases are quit popular for many reasons. Since this market is something that continues to go up in price, many people get tremendous returns. If you have the right knowledge, you can go a long way. Be sure you remember the advice that was contained in this article so you can get the value you deserve.