Selling Gold Jewelry – The Reason Why This Is The Best Opportunity To Sell Your Gold Jewelry
You will find that there is no better time than the present for you to be selling gold jewelry. Would you want to know why? Unless you haven’t heard, you have been hiding in a cave somewhere, or you have been too preoccupied getting depressed over all of the bad news pertaining to the economy these days to pay attention to the good news, the price of gold is constantly rising at the present, valued at well above a grand per ounce. That’s right, you read correctly: You should sell gold jewelry right now due to the fact that it is valued at well over $1,000 per ounce!
Gold has been on a consistent rise over the past decade, averaging well above 20 percent annually, with the sole exception being a 5.6% 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 its 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 boom and bust of real estate, the decline of the stock market, and the decline of the US dollar, all have proven to be rather risky investments, the only stable investment through this entire time has been gold.
So if you have been holding onto gold for a long time, now would be a good time to sell it, if you are in need of some extra cash due to this economic recession that we have all just been through.
So where ought you be selling gold jewelry? Who should we be selling gold jewelry to? How can one be certain that you earn the best value?
These are all extremely important questions. There are two parts to the answer:
1. Avoid giving your gold to a retail operation, at a pawn-shop, or jewelry exchange. Really any type of direct-to-consumer retail shop is a poor idea. Why is this the case? Because these stores are in the business of flipping gold. They want to procure gold from you with the intention of reselling it straight away, while earning a profit in the process. They essentially gold brokers who seek to earn a commission using the classic “”buy low to sell high” plan. So it is quit obvious, they are be faced with tight margins of profit 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 refinery of gold. Why? Because a refinery of gold is in the business of acquiring gold, melting it, and remanufacturing the gold raw material to other companies. There exists no middle man. There is no flipping gold for profit. They can offer a much better price for your gold due to the fact that the profit margin in this particular situation is much greater. So it creates a win-win solution that satisfies both you and the refinery.
Gold remains a solid investment vehicle, and has remained so while we have observed the boom and bust of the dot coms, the real estate bubble and burst, the stock market crash of the year 2008, and the decline of the dollar. So there is no better time than the present to be selling gold jewelry
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