Selling Gold Jewelry – Why Now Is The Perfect Opportunity To Sell your precious jewelry
Friday, February 19th, 2010There’s no more opportune time than the present for you to be selling gold jewelry. Would you want to know why? Unless you have not heard, you have been lost on a desert island someplace, or you have been too preoccupied obsessing due to all of the negative news in the economy these days to listen to the good news, the price of gold is constantly rising as of this writing, worth well above $1,000 per ounce. That is correct, you read correctly: You should be selling gold jewelry right now due to the fact that it is worth well over $1,000 per ounce!Gold has been on a consistent rise over the last decade, hovering well above twenty percent each year, the sole exception being a five percent decline in 2008. Even in the 2009, gold has managed to rebound from the global economic crisis and rebound already, at a 23% increase from year 2008 levels!So what does this mean to you? It tells you that while the cyclical bubbles and busts, and the rise and fall 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, all have proven to be extremely volatile investments, the only stable investment vehicle through this entire time has been gold.So if you have been in possession of gold for some time, now would be a good time to sell it, if you are in need of some extra cash as a result of this recession that we have all just been through.So where should you be selling gold jewelry? To whom should you be selling gold jewelry to? And how can one be certain that you get the best price?These are all very good questions. There are two parts to the answer:1. You should avoid giving gold jewelry to a retail store, at a pawn-shop, or a jewelry exchange. Realistically any type of consumer retail shop is not a good idea. Why? This is because retail stores are in the business of flipping gold. They need to obtain gold from you for the purpose of of reselling it right away, while making money during the process. They essentially gold brokers who wish to earn commissions using the classic buy low and sell high plan. So quite naturally, that they are be faced with narrow profit margins and would not be able to offer you the price that you would like.2. You ought to be reselling your gold directly to a refinery of gold. Why is this the case? It is because a refinery of gold does business by obtaining gold, melting it, and redistributing the raw gold to other companies. There exists no middle man. There is no flipping gold for profit. They are able to offer a much better price for your gold due to the fact that the margin of profit in this particular situation is wider. So it creates a win-win solution that makes happy both the refinery and you.Gold remains a stable investment, and has remained so while at the same time we have seen the boom and bust of the dot coms, the real estate bubble, the stock market crash of 2008, and the decline of the US dollar. So there is no better time than the present to be selling gold jewelry