Selling Gold Jewelry – The Reason Why Now Is The Best Chance To unload your precious jewelry
January 24th, 2010
You will find that there is no more opportune time than now for you to be selling gold jewelry. Do you know why? In case you have not heard, you’ve been hiding somewhere, or you’ve been too preoccupied sulking over all of the bleak news about the economy these days to listen to the good news, the price of gold is rising as of this writing, worth well above one thousand dollars per ounce. That’s right, you read correctly: You should be selling gold jewelry right now due to the fact that it is worth well over one thousand dollars per ounce!Gold has been on a consistent rise over the past several, staying well above twenty percent every year, with the only exception being a five percent loss in 2008. Even in the year 2009, gold managed to recover from the global economic meltdown and rebound already, at a 23 percent increase from year 2008 levels!So what does this mean to owners of gold? It tells you that despite cyclical boom 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 volatile investments, the only stable investment during 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 good time to sell it, if you are in need of some cash due to this global economic recession that we have just been through.So where should we be selling gold jewelry? To whom should we be selling gold jewelry to? And how can one be sure that you redeem the highest price?These are all very good questions. There are two parts to the answer:1. You should avoid selling gold jewelry to a retail store, a pawn-shop, or jewelry exchange. Really any type of consumer retail store is not a good idea. Why? This is because retail stores are in the business of flipping gold. They wish to procure gold from you for the purposes of of reselling it immediately, and making money during the process. They essentially gold brokers who wish to earn a commission using the classic buy low to sell high plan. So it is quite natural, they would be be up against narrow profit margins and wouldn’t be able to offer you as much as you would like.2. You really should be reselling your gold directly to a gold refinery. Why is this the case? It is because a gold refinery is in the business of acquiring gold, melting it, and redistributing the gold raw material to other businesses. There exists no middle man. There is no flipping gold for profit. They are able to offer a superior price for your gold because the profit margin in this type of situation is wider. So it creates a winning solution that makes happy both you and the refinery.Gold is a stable investment vehicle, and has continued to remain so all the while that we have observed the boom and bust of the dot coms, the real estate bubble, the market crash of 2008, and the devaluation of the dollar. So now is a better time than any to Sell Gold Jewelry Online
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