Selling Gold Jewelry - Reasons Why This Is The Best Opportunity To Cash In On your precious jewelry
March 21, 2010 on 4:07 am | By admin | In News and SocietyYou will find that there is no more appropriate time than now for you to sell gold jewelry. Do you know why? Unless you have not heard, you’ve been lost on a desert island somewhere, or you’ve been too preoccupied sulking due to all of the negative news pertaining to the state of the economy nowadays to listen to the good news, the price of gold is on a rise right now, valued at well above $1,000 per ounce. That’s right, you read correctly: You ought to be selling gold jewelry right now due to the fact that it is valued at well over $1,000 per ounce!Gold has been constantly rising over the past ten years, hovering well above twenty percent each year, the sole exception being a 5.6% loss in 2008. Even in the 2009, gold managed to rebound from the global economic crisis and climb back up again already, at a 23 percent increase from 2008 levels!So what does that mean? It means that while the cyclical boom and busts, and the rise and fall of the dot coms, the boom and bust of real estate, the decline of the stock market, and the devaluation of the US dollar, have all proven to be extremely risky investment vehicles, the only stable investment throughout this entire period 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 cash as a result of this global economic recession that we have just been through.So where should you be selling gold jewelry? Whom should you be selling gold jewelry to? And how can one be certain that you redeem the best value?These are all extremely good questions. The answer is two-fold:1. You should avoid selling gold jewelry to a retail operation, at a pawn-shop, at a jewelry exchange. Really any type of customer-focused retail store is a bad idea. Why is that the case? This is because these stores are in the business of flipping gold. They need to obtain gold from you for the purposes of of reselling it right away, and earning money in the process. They are basically gold brokerages and wish to earn commissions using the old buy low to sell high plan. So obviously, that they would be be faced with narrow margins of profit and wouldn’t be able to offer you the price that you would like.2. You should be reselling your gold directly to a refinery of gold. Why? It is because a refinery of gold does business by procuring gold, melting it, and remanufacturing the raw material to other businesses. 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 type of situation is greater. Thus it creates a winning solution that satisfies both you and the refinery.Gold remains a solid investment vehicle, and has remained so while we have witnessed the boom and bust of the dot coms, the real estate bubble and burst, the market crash of 2008, and the devaluation of the US dollar. So there is no better time than the present to be selling gold jewelry
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