Gold is one of the most treasured materials in the universe. Knowing how to become gold savvy is important. It is also one of the safest investments.  You may be hearing a lot about gold on television and in the news, but wouldn't you like to know how you can make money with it? Here are some tips that will help you buy, sell and trade gold like the pros. You need to know what a karat is. Gold is a soft metal so it must be combined with other metals for durability. Each karat, which is 1/24 pure gold, tells you how much gold is in the alloy compared to other metals. A piece that has less than 10 karats cannot legally be called gold. Regardless of where you are selling your gold, you will be asked for your driver's license or some other form of identification. Make sure you have it on you when you go to make the transaction. If you are preparing to sell and you don't get asked for your ID, that should raise a big red flag. If you have an interest in gold and also want to start … [Read more...]