Selling Gold Jewelry - The Reason Why Now Is The Best Time To Sell your precious jewelry
May 20, 2010 on 4:07 am | By admin | In News and SocietyThere’s no more opportune time than now to be selling gold jewelry . Do you want to know why? Unless you have not heard the news, you have been hiding someplace, or you have been too busy with obsessing over all of the negative news in the state of the economy these days to pay attention to the good news, the price of gold is constantly rising right now, worth well above a grand per ounce. That’s right, you didn’t misread: You should be selling gold jewelry right now because it is worth well over a grand per ounce!Gold has been on a consistent rise over the past couple of decades, averaging well above 20 percent every year, with the only exception being a five percent loss in the year 2008. Even in the year 2009, gold managed to rebound from the global recession 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 decline of the dot coms, the boom and bust of real estate, the near-collapse of the stock market, and the devaluation of the US dollar, have all proven to be extremely volatile investments, the only stable investment vehicle throughout this entire time has been gold.So if you have been in possession of gold for a long time, now would be a good time to sell it, if you are in need of some money due to this global economic recession that we have just been through.So where should we be Selling Gold Jewelry? To whom should we be selling gold jewelry to? How can we be sure that you get the highest value?These are all very important questions. There are two parts to the answer:1. Avoid selling your gold to a retail operation, at a pawn-shop, or jewelry exchange. Essentially any type of customer-focused retail shop is a terrible idea. Why? This is because these stores are in in business for flipping gold. They want to purchase gold from you for the purposes of of reselling it straight away, and earning a profit during the process. They essentially gold brokers who wish to earn a commission using the classic buy low and sell high strategy. So it is quit obvious, that they would be be dealing tight margins of profit and wouldn’t be able to offer you the price that you would like.2. You should be reselling your gold to a refinery of gold. Why is this the case? It is because a refinery of gold is in the business of acquiring gold, melting it, and remanufacturing the gold raw material to other businesses. There exists no middle man. There is no flipping gold involved. They are able to offer you a better price for your gold because the profit margin in this type of situation is higher. Thus it creates a winning solution that satisfies both you and the refinery.Gold remains a stable investment vehicle, and has continued to remain so while at the same time we have observed the boom and bust of the dot coms, the housing bubble, the market crash of the year 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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