Making Wise Gold Investments by Avoiding Coins

Most investors advise that you have a portion of your portfolio in gold. This is because the price of gold has been rising for decades, making it one of the safest investments. It’s also expected that gold prices will skyrocket in the coming years because of the shortage around the world. Take a look at the reasons why gold is a good investment and how you can be the most successful trading this commodity.

Make Gold Part of Your Investment Portfolio

Gold Investment Portfolio

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It’s never a good idea to invest all of your resources in one thing especially a physical commodity. However, you definitely should have a portion of your investment portfolio in gold. If there comes a point in history when the U.S. dollar no longer has any value, you’ll be glad you invested in gold because you’ll still be able to get the things you need to live. And, with the shaky economy, nobody can be certain about the future of the U.S. dollar.

There are a couple different ways to invest in gold. You can purchase gold bullion bars, invest in gold futures, or buy gold coins and jewelry. The best method is gold bullion bars, but gold futures, coins, and jewelry, are easier to store and acquire. You’ll have to choose the best method for you but don’t miss out on your opportunity to buy gold while it is still at an affordable rate. You’ll be grateful you made this sound investment even five or ten years from now.

Understanding Gold Futures

Gold Futures

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If you don’t want to store gold as a physical commodity, you can buy gold futures. This is the second best way to invest in gold, but it can backfire because you are given a dollar value instead of a physical commodity. So, when you go to trade your gold futures, you might not get their true value. However, gold futures are a good option if you don’t have the space to store gold bullion bars and you don’t want to pay for a safe deposit box at your bank.

Avoid Investing in Gold Coins and Jewelry

Gold Coins

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Even though gold is a good investment, gold coins and jewelry aren’t the best choice. This is because the gold in gold coins and jewelry isn’t as pure as the gold in bullion bars. Plus, some people don’t want to buy gold coins and jewelry because they don’t want to melt them down. Additionally some gold coins have historical value that prevents them from being sold at their true gold value. You’re better off investing in gold bullion bars, if you can afford it. They are the easiest form of gold to trade because the value is easy to determine.

Add gold to your investment portfolio for some variety. You’ll be glad you made this decision if the U.S. dollar ever drops to an all-time low. Do you have any other advice for people looking to invest in gold?

4 Weird Places the Average Joe Might Find Gold Without Going Mining

If you are an average person looking for a golden opportunity, listen up. There is a wealth of gold out there just waiting to be mined, and you don’t need any special tools or a hard hat. One of Earth’s most precious and valuable metals, gold seems to show up in the oddest places. You’ll find it for sale sometimes for half of its real value by people who don’t know what they have. Like all types of mining, you just need to know where to look.

Estate Sales are Like Mini Gold Mines

Estate Sale Gold

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Usually, visions of boring auctions for tired old paintings come to mind when you think of an estate sale. However, you can find lots of different types of gold here in the strangest forms. The most lucrative source is often broken, tarnished or old jewelry. To the untrained eye, a snapped necklace chain or bent bracelet is nearly worthless, but if it is gold, it is worth money. You’ll also find it coating plaques, tableware, plates, and even old picture frames.

Open a World of Golden Opportunity

Golden Books

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You won’t find much without knowing how to read, but did you know you can find real gold right on the pages of a book? Gold leaf covers the edges of old, antique books. Gold is very malleable and soft, so it is used to create stamps inside of books or on the cover as a decoration. Check antique stores, or old book dealers. You might get a really good deal on a dusty, mold-gathering, turn-of-the-century book with real gold leaf.

Joining the Electronic Gold Rush

Electronic Gold Rush

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Since gold has excellent conductivity, it is inside of many electronics we use everyday like your cell phone, tablet PC, or desktop computer. Expensive HDMI cables also contain gold on the tips of the connectors. It takes a great deal of effort to get the gold out of a phone or a computer, but if you are familiar with gold extraction processes, you can make a go of it.

Reaching for Excellence

Gold Medals

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You might find gold on a high school athletic medal, or the stamp on a prestigious paper award, degree, or certificate. These are often made from gold pressed paper-thin. A trophy may also contain gold leaf, gold plating or even a solid gold head. You might find these items at yard sales, curio shops, thrift stores, or even in your parent’s attic. Be creative and look around.

If you cannot find any gold in the attic, check outside. Gold is also used in roofing materials. You might check dumps, or even abandoned construction sites for traces of the precious metal. You’ll also find it on picture frames, and even in some liquor bottles.

Gold is bound to show up in very odd places because it has always been so useful and valuable and therefore recycled. So, never doubt that you or anyone else can find it in the weirdest places.

4 Infamous Ladies of Hollywood Who Invested in Gold

You don’t have to have to purchase gold bricks to make a sound investment. Even buying a gold bracelet makes you an investor. These ladies of Hollywood knew a thing or two about looking good and putting their money in a metal that would increase in value.

Elizabeth Taylor: Smart and Beautiful

Elizabeth Taylor Gold

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Elizabeth Taylor earned her infamous reputation by becoming one of the sexiest women in Hollywood’s Golden Age. Of course, getting married eight times only solidified that image. Taylor might have had her personal quirks, but she knew where to put her money: she had an obsession with jewelry.

Shortly after her death, Christie’s auctioned off her collection for $115.9 million, setting a new world record. Why did the collection make so much money? Partially because the pieces belonged to Taylor, but also because she had some of the world’s most beautiful items. Some of the collections highlights included:

  • A tiara made of gold and diamonds ($4.22 million)
  • A Cartier gold chain and ruby necklace ($8.81 million)
  • A Van Cleef and Arpels ring ($4.22 million)

Angelina Jolie: Making it for the Kids

Angelina Jolie Gold

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Angelina Jolie can seemingly transform herself into any kind of woman, whether that means becoming a drug-crazed model or a treasure-hunting badass. Jolie’s talents go beyond her acting abilities, though. She also has her own line of jewelry.

Angelina joined forces with renowned jewelry designer Robert Procop to make a collection of rings, bracelets, and necklaces. Jolie set up the jewelry line to support her charity, Education Partnership for Child of Conflict. Sometimes investing in gold jewelry is about helping others.

Jennifer Lopez: Super-Bling Fashion Statement

Jennifer Lopez Bling

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J. Lo likes to claim that she’s still Jenny from the block. She just doesn’t mention that her block is now in the Hollywood Hills. How else could she manage to wear $5 million of jewelry to the 2013 Grammy Awards.

That doesn’t mean she has a collection worth $5 million. That means she wore that much jewelry on one evening! The ensemble included five rings and a bracelet with 33-carat diamonds. She even had gold-flecked fingernails. If she wore that much bling on her original block, she would have gotten mugged.

Julianne Hough: Jewelry’s Biggest Loser

Julianne Hough Jewelry

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No one knows how much jewelry Julianne Hough has in her collection, but the “Safe Haven” actress apparently has enough that she can afford to lose $100,000 worth from her car.

House, who is also a singer and two-time winner on “Dancing With the Stars,” received the jewelry as a gift from her boyfriend, Ryan Seacrest. When she parked her Mercedes in Hollywood to visit a friend, someone must have noticed that she left her high-priced jewelry in the car. When Hough returned, she found the doors open and her jewelry missing.

Collecting gold jewelry is a smart investment strategy. Leaving it in your (unlocked?) car doesn’t really show off your intelligence, though.

Do you know of other actresses who have spent a lot of money on gold jewelry? Do you think they do it strictly for the looks, or do they have value in mind, too?

Trendy Rose Gold or Classic Yellow? How to Choose a Color for a Partner

Choosing jewelry for someone other than yourself can be a tricky thing. Not only do you need to make sure you get a style they will like, you need to make sure you get it in a metal they will love. Different people have different gold preferences, and with so many gold options today, it can get a little overwhelming.

Yellow Gold is Classic

Yellow Gold Jewelry

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Is your loved one a fan of antique styles and ancient history? If so, they will probably love classic yellow gold jewelry. There are many people who love the simple look of yellow gold, and there are a variety of jewelry styles that lend themselves to the metal.

  • Men generally prefer yellow gold necklaces over other gold colors.
  • Yellow gold is still the best option for a man’s wedding band.
  • A simple chain for a woman in yellow gold is a great gift option.
  • Women who prefer classic styles will prefer yellow gold jewelry.

Rose Gold is Modern

Modern Rose Gold

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Today’s modern metal is rose gold. This pink colored gold is much more subtle than yellow gold. It looks great with a variety of clothing colors and styles, and comes in many different shades. Rose gold jewelry has come to be seen not only as a fashion trend, but also as a symbol of love.

  • You may see a young man wearing a rose gold watch, however, this is seen as a more feminine metal.
  • Young, hip brides choose rose gold over any other styles for their wedding bands.
  • Rose gold pairs well with any number of outfits, so is great for those who don’t want to wear a lot of jewelry at once.
  • Though there are a significant number of highly formal rose gold pieces, it is also seen as a casual metal, and can be worn almost anywhere.

White Gold is Classy

Classy White Gold

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Where yellow gold is classic, white gold is classy. The difference is subtle, but intense. Many who wear white gold feel that yellow gold is an antiquated style and that it is garish. Those who want to stay up to the moment in the fashion world stick with white gold.

  • White gold is the wedding band material of choice for brides in their 30’s and older.
  • When selecting jewelry for a woman who is always one step ahead of fashion, select white gold.
  • Men in the business world frequently select white gold due to its reputation.

Combine the Three

Colored Gold

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If you really want to get modern and fun, you can always combine the three most common gold styles—yellow, rose, and white. In fact, there are many jewelry pieces that combine them in beautiful ways to enhance the styling of each. This is a great way to go if you simply can’t decide what to get for your loved one.

Remember, the preferences above are generalizations. When getting jewelry for someone else, it is important to know what they like. You can ask them or someone else that may know, or you can make a note of the jewelry they already wear.

Don’t Get Ripped Off! Know the Value of Your Gold Before Selling

A tight global economy means that people are looking for ways to bring in some extra cash whenever they can. One of the methods for getting some extra money is selling off gold jewelry that has been sitting around for years. Just because you need the money does not mean that you should become a victim. The more that you know about the value of gold, the less your chances of getting ripped off when you go to sell it.

What is a Karat?

Gold Karat

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A karat is a value of measurement assigned to the amount of actual gold in a piece. For example, a 10-karat piece has less real gold in it than a 14-karat piece. It is based on percentages and the actual percentages are:

  • 10-karat is 42 percent pure gold
  • 14-karat is 58 percent pure gold
  • 18-karat is 75 pecent pure gold

The rest of the metals are fillers that have no value. You can purchase testing kits online which will accurately let you know exactly how many karats your jewelry is so that you can get a fair price for it. It will also help you understand how much of it you will actually get if you send it to a refinery.

Know Your Options

Gold Options

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When you are looking to get a fair price on your jewelry, it is always a good idea to gather prices from various sources. This does not mean that you should go to different jewelry stores, it means that you should try different kinds of jewelry buyers to get your pricing. Pawn shops, jewelry stores, online gold buyers, gold buying home parties and refineries are just some of the places where you can get fair prices for all of your gold jewelry.

Separate Your Gold

Gold Treasure

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A gold coin could potentially have more value than a gold necklace, because the coin could have been minted to be worth a value above the value of just the metal. A gold coin that was part of sunken pirate treasure is also going to have more value than a standard gold coin. With more people scouring the oceans for sunken gold, it is not unusual to see gold coins from the 15th and 16th centuries show up in people’s collections. Separate your jewelry and see if the intrinsic value of the piece may exceed the value of the metal.

Get a General Understanding

Understanding Gold

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Before you go shopping for a car, you will spend hours on the Internet trying to determine a fair price for the vehicle you want. You need to use the same process before you head out to sell your jewelry. If you purchase a scale that can help you to weigh your gold in grams and combine that with your karat test, then you can use an online gold calculator to get an idea of what the gold is worth.

That pile of old gold jewelry you have been holding onto could pay your mortgage for a month or even be used as tuition for your child’s education. Before you actually sell your gold, you need to educate yourself on how to get a fair price so that you can avoid being ripped off.