Selling Gold Jewelry – Reasons Why Now Is The Best Opportunity To Cash In your precious jewelry

April 26, 2010 on 4:07 am | By admin | In News and Society | Comments Off

There is no better time than the present to be Selling Gold Jewelry. Do you want to know why? In case you haven’t heard, you have been hiding in a cave somewhere, or you have been preoccupied obsessing due to all of the bad news about the economy these days to listen to the good news, the price of gold is on a rise as of this writing, valued at well over a grand per ounce. That is correct, you read correctly: You should be selling gold jewelry now because it is valued at well over a grand per ounce!Gold has been consistently over the last decade, averaging well above 20% each year, the only exception being a five percent loss in 2008. Even in the 2009, gold has managed to rebound from the global recession and climb back up again already, at a 23% increase from 2008 levels!So what does this mean? It means that while cyclical bubbles and busts, and the rise and fall of the dot coms, the rise and fall of real estate, the near-collapse of the stock market, and the decline of the US dollar, have all proven to be rather volatile investments, the only stable investment vehicle throughout this entire time has been none other than gold.So if you have been in possession of gold for a long time, now would be a perfect time to sell it, if you are hard up for some money as a result of this recession that we have just been through.So where ought you be selling gold jewelry? To whom should you be selling gold jewelry to? And how can we be sure that you redeem the best amount?These are all extremely good questions. The answer is two-fold:1. Avoid giving your gold to a retail operation, a pawn-shop, at a jewelry exchange. Basically any type of consumer retail store is a terrible idea. Why is this the case? This is because these shops are in in business for buying and reselling gold. They wish to procure gold from you with the intention of reselling it straight away, and earning money in the process. They basically are gold brokers and seek to earn a commission using the classic buy low and sell high strategy. So it is quite natural, that they are be faced with tight profit margins and wouldn’t be open to offer you the price that you would be happy with.2. You really 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 raw gold to other companies. There is no middle man. There is no flipping gold for profit. They can offer you a superior price for your gold due to the fact that the profit margin in this particular situation is higher. Therefore it makes for a win-win solution that makes happy both you and the refinery.Gold is a solid investment, and has continued to remain so while at the same time we have witnessed the rise and fall of the dot coms, the housing bubble and burst, the market crash of 2008, and the decline of the dollar. So now is a better time than any to be selling gold jewelry

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