There is no more opportune time than the present for you to sell gold jewelry. Do you know why? In case you haven’t heard the news, you’ve been hiding somewhere, or you’ve been too busy getting depressed over all of the bad news about the state of the economy nowadays to pay attention to the good news, the price of gold is constantly rising right now, worth well over a grand per ounce. That is correct, you read correctly: You should be selling gold jewelry now because it is worth well over a grand per ounce!
Gold has been consistently over the past couple of decades, averaging well above 20 percent each year, with the sole exception being a five percent decline in 2008. Even in the year 2009, gold has managed to recover from the global economic meltdown and rebound already, at a 23% increase from year 2008 levels!
So what does this tell you? It means that despite 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 decline of the US dollar, all have proven to be extremely volatile investments, the only stable investment through this entire time has been none other than gold.
So if you have been holding onto gold for a long time, now would be a great time to sell it, if you are hard up for some cash as a result of this global 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? How can one be sure that you get the most lucrative amount?
These are all extremely good questions. The answer is two-fold:
1. Avoid giving gold jewelry to a retail store, at a pawn-shop, at a jewelry exchange. Basically any type of customer-oriented retail shop is a bad idea. Why is this the case? Because they are in in business for flipping gold. They desire to buy gold from you with the intention of reselling it immediately, while earning money in the process. They basically are gold brokers and wish to earn commissions using the old “”buy low to sell high” plan. So it is quite natural, they are be facing narrow margins of profit and wouldn’t be able to offer you as much as you would be happy with.
2. You really should be reselling your gold to a gold refinery. Why? Because a gold refinery does business by obtaining gold, melting it down, and redistributing the raw material to other businesses. There exists no middle man. There is no flipping gold involved. They can offer you a superior price for your gold because the profit margin in this type of situation is much greater. Therefore it creates a win-win solution that satisfies both the refinery and you.
Gold is a stable investment, and has remained so while at the same time we have observed the rise and fall of the dot coms, the real estate bubble and burst, the stock market crash of 2008, and the decline of the US dollar. So now is the best time to be selling gold jewelry