Selling Gold Jewelry – Why This Is The Idea Time To Cash In your gold,silver or platinum jewelry
You will find that there’s no more appropriate time than the present for you to be selling gold jewelry. Would you know why? In case you haven’t heard the news, you have been hiding someplace, or you have been preoccupied with obsessing due to all of the negative news pertaining to the economy these days to pay attention to the good news, the price of gold is rising at the present, valued at well over one thousand dollars 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 one thousand dollars per ounce!Gold has been on a consistent rise over the past decade, climbing well above 20% each year, the only exception being a 5.6% decline in 2008. Even in the year 2009, gold has managed to recover from the global recession and rebound already, at a 23% increase from 2008 levels!So what does that mean to you? It tells you that while cyclical boom 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 risky investment vehicles, the only stable investment vehicle through this entire period has been gold.So if you have been in possession of gold for a long time, now would be a perfect time to cash it in, 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 ought we be selling gold jewelry? Who 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 giving your gold to a retail store, a pawn-shop, or jewelry exchange. Realistically any type of direct-to-consumer retail store is a terrible idea. Why is this the case? This is because retail stores are in the business of buying and reselling gold. They want to obtain gold from you with the intention of reselling it immediately, and earning a profit during the process. They are basically gold brokerages who are seeking to earn commissions using the classic buy low to sell high plan. So quite naturally, 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 ought to be selling your gold directly to a refinery of gold. Why is this the case? It is because a refinery of gold does business by acquiring gold, melting it, and remanufacturing the gold raw material to other companies. There is no middle man. There is no flipping gold involved. They are able to offer a higher price for your gold because the margin of profit in this type of situation is greater. Thus it makes for a winning solution that makes happy both you and the refinery.Gold is a rock solid investment, and has continued to remain so while at the same time we have observed the rise and fall of the dot coms, the housing bubble, the market crash of 2008, and the decline of the US dollar. So now is the best time to sell gold jewelry
January 30th, 2010