Sell Gold Jewelry – The Reason Why This Is The Best Time To Sell Your Gold Jewelry
January 18th, 2010
You will find that there is no more opportune time than the present for you to be selling gold jewelry. Do you know why? Unless you haven’t heard the news, you have been lost on a desert island somewhere, or you have been preoccupied getting depressed over all of the negative news pertaining to the state of the economy nowadays to listen to the good news, the price of gold is rising right now, worth well above one grand per ounce. That’s right, you read correctly: You ought to be selling gold jewelry right now because it is worth well over one grand per ounce!Gold has been consistently over the last ten years, climbing well above twenty percent every year, with the only exception being a 5.6 percent loss in 2008. Even in the year 2009, gold managed to rebound from the global economic recession and climb back up again already, at a 23% increase from year 2008 levels!So what does that mean? It means that despite the cyclical bubbles and busts, and the rise and fall of the dot coms, the boom and bust of real estate, the near-collapse of the stock market, and the devaluation of the US dollar, all have proven to be altogether risky investment vehicles, the only stable investment throughout this entire period has been none other than gold.So if you have been in possession of gold for some time, now would be a great time to cash in on it, if you are in need of some extra cash as a result of this recession that we have all just been through.So where ought we be selling gold jewelry? To whom should we be selling gold jewelry to? And how can we be certain that you earn the most lucrative price?These are all very good questions. The answer is two-fold:1. Avoid selling gold jewelry to a retail shop, at a pawn-shop, or a jewelry exchange. Really any type of customer-focused retail store is a bad idea. Why is this the case? Because they are in the business of flipping gold. They desire to obtain gold from you with the intention of reselling it right away, and earning money during the process. They are basically gold brokerages who are looking to earn a commission using the classic buy low and sell high plan. So it is quite natural, that they are be dealing tight profit margins and wouldn’t be open to offer you the price that you would be happy with.2. You should be selling your gold directly to a gold refinery. Why? It is because a gold refinery is in the business of procuring gold, melting it, and redistributing the raw material to other companies. There is no middle man. There is no flipping gold involved. They are able to offer you a more competitive price for your gold because the margin of profit in this type of situation is wider. So it creates a win-win solution that satisfies both the refinery and you.Gold is a solid investment, and has continued to remain so while we have witnessed the boom and bust of the dot coms, the housing bubble and burst, the stock market crash of 2008, and the devaluation of the dollar. So there is no better time than the present to be selling gold jewelry
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