Selling Gold Jewelry – The Reason Why This Is The Perfect Time To Sell your gold,silver or platinum jewelry
There is no more opportune time than the present for you to be selling gold jewelry. Do you know why? In case you haven’t heard, you’ve been hiding in a cave somewhere, or you’ve been too busy sulking over all of the bad news pertaining to the state of the economy nowadays to pay attention to the good news, the price of gold is on a meteoric rise right now, worth well above a grand per ounce. That’s right, you didn’t misread: You ought to be selling gold jewelry right now due to the fact that it is worth well over a grand per ounce!Gold has been on a consistent rise over the past ten years, staying well above twenty percent every year, with the only exception being a 5.6% decline in the year 2008. Even in the year 2009, gold managed to recover from the recession and rebound already, at a 23 percent increase from its 2008 levels!So what does this mean to owners of gold? It tells you that while 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 devaluation of the US dollar, have all proven to be altogether risky investments, the only stable investment during this entire period has been none other than gold.So if you have been holding onto gold for some time, now would be a good time to sell it, if you are in need of some cash due to this economic recession that we have all just been through.So where should you be selling gold jewelry? Who should you be selling gold jewelry to? And how can we be certain that you redeem the best value?These are all very good questions. The answer is two-fold:1. Avoid giving gold jewelry to a retail operation, a pawn-shop, or a jewelry exchange. Essentially any type of direct-to-consumer retail store is not a good idea. Why is that the case? Because retail stores are in the business of flipping gold. They wish to procure gold from you for the purpose of of reselling it immediately, and earning money during the process. They are basically gold brokerages who wish to earn a commission using the old buy low and sell high plan. So obviously, that they would be be up against tight profit margins and wouldn’t be able to offer you the price that you would be happy with.2. You ought to be selling your gold to a refinery of gold. Why is this the case? It is because a refinery of gold is in the business of obtaining gold, melting it down, and redistributing the raw gold to other businesses. There exists no middle man. There is no flipping gold for profit. They can offer a higher price for your gold because the profit margin in this type of situation is higher. So it makes for a win-win solution that makes happy both the refinery and you.Gold is a stable investment, and has continued to remain so while at the same time we have born witness to the rise and fall of the dot coms, the housing bubble and burst, the market crash of the year 2008, and the devaluation of the dollar. So now is the best time to sell gold jewelry
February 1st, 2010