Selling Gold Jewelry – Why This Is The Ideal Chance To Sell Your Gold Jewelry
January 21st, 2010
Selling Gold Jewelry – Why This Is The Ideal Chance To Sell Your Gold JewelryYou will find that there’s no more opportune time than now to be selling gold jewelry. Do you want to know why? Unless you haven’t heard, you have been lost on a desert island somewhere, or you have been too busy with obsessing over all of the bad news pertaining to the state of the economy these days to pay attention to the good news, the price of gold is rising right now, valued at well over one grand per ounce. That is correct, you read correctly: You ought to be selling gold jewelry right now because it is valued at well over one grand per ounce!Gold has been on a consistent rise over the last several, averaging well above 20 percent per annum, the sole exception being a five percent decline in the year 2008. Even in the 2009, gold has managed to recover from the global economic meltdown and climb back up again already, at a 23 percent increase from 2008 levels!So what does that mean to owners of gold? It means that despite the cyclical bubbles and busts, and the rise and decline of the dot coms, the rise and fall of real estate, the decline of the stock market, and the decline of the US dollar, all have proven to be altogether risky investments, the only stable investment throughout this entire time has been gold.So if you have been in possession of gold for a long time, now would be a great time to cash in on it, if you are hard up for some extra cash due to this economic recession that we have just been through.So where ought you be selling gold jewelry? Whom should you be selling gold jewelry to? And how can we be sure that you get the highest value?These are all extremely good questions. The answer is two-fold:1. Avoid giving gold jewelry to a retail store, at a pawn-shop, or a jewelry exchange. Realistically any type of customer-oriented retail store is a terrible idea. Why? Because these stores are in the business of flipping gold. They want to purchase gold from you for the purposes of of reselling it right away, and earning a profit during the process. They essentially gold brokerages who look to earn a commission using the classic buy low to sell high strategy. So it is quite natural, they would be be up against tight margins of profit and wouldn’t be able to offer you the price that you would be happy with.2. You ought to be reselling your gold to a gold refinery. Why? Because a gold refinery is in the business of obtaining gold, melting it, and redistributing the raw material to other businesses. There exists no middle man. There is no flipping gold for profit. They are able to offer you a superior price for your gold because the profit margin in this particular situation is wider. Therefore it makes for a winning solution that makes happy both the refinery and you.Gold remains a stable investment, and has remained so while at the same time we have observed the rise and fall of the dot coms, the real estate bubble, the stock market crash of the year 2008, and the decline of the dollar. So now is the best time to Sell Used Gold Jewelry
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