When talking about investments, gold always crosses in your mind. As the most precious metal, a lot of investors take all the time not just into buying but selling gold as well. What started for them as a hobby turned out to be a very lucrative business. In fact, it has a high surge in popularity especially nowadays. People in the four corners of the world trusted this element hundreds of years ago.

If you are fascinated with gold, and may even own some of it, you may find it interesting to enter the gold business where you will find more benefit. Whether its gold bars, gold coins, gold nuggets and gold jewelry, a promising future awaits those who are really into gold selling business. But like any other business, before you test the waters, it is imperative for you to be well educated about the entire gold business otherwise you might just fall short into scammers giving you unfair value for your gold.

Here are some words of precautions before start selling gold:

1. Be familiar with the purity of your gold. If your gold fascination is that high, by now you should be aware about each karat and their corresponding purity like:
a. 24 karat gold - .999 pure
b. 18 karat gold - .750 pure
c. 14 karat gold - .583 pure
d. 10 karat gold - .417 pure

2. Be familiar with the present gold pricing. The standard formula used is dividing the daily gold price by 31.1 grams. This will give you a clear view of how much is the price per gram. It is best to consult a reputable jeweler in this regard.

3. You may want to try selling gold in scrap like mismatched jewelry because a lot of estate buyer and jeweler melt those scraps to turn into a much refined design.

4. Have your gold appraised by a renowned and recognized appraisal organization like the American Society of Appraisers.

5. Scout first before you sell your gold. Approach gold dealers, coin store owners, jewelry shop, and others into gold business. Note the different values offered to you and sell the gold to the ones who give you the highest percentage of your gold's melt value.

6. If you have small gold items like gold coins and jewelry, you can save more from insurance and shipping costs when you sell these in your neighborhood or areas near you.

7. Be wary when selling gold online. Even if it is already considered to be the trend nowadays, choose a trusted option where to sell your gold like eBay. Never forget to check your prospect's record. Just remember to ship the gold only after you got hold of the payment.

8. Gold party is also becoming popular wherein a host invites his friends and gold dealer over at his house. This is a chance to have your gold valued and probably sell it if you agree with the offer. The host gets a fair cut of the business.

Now that you have some necessary details about selling gold business, you can now take the plunge and enjoy your much earned benefits in this field.