You should know that it is no longer the question of if you should sell your gold, but where to sell gold. The price of gold is climbing at an all-time high right now, at the time of this writing. Real estate, the stock market, and the US dollar have proven over the course of time that they are not as profitable as we once surmised that they would be. On the other hand, gold has always been, continues to be, and will always remain a rock solid investment, for as long as there is gold, in the distant future.
So the deciding factor of where to sell gold depends upon where you can get the most competitive offer for it. The one thing you do not want to do is give your gold to somehigh-maintenance pawn shop or jewelry exchange that might cheat you out of the real value of your wares. After all, even a jewelry retailer needs to make money too, right? After all, a retailer is going to basically take your gold and try to resell it… the old buy low, sell high tactic. It’s his job to pay as little as possible for your gold so that he can retail the same item for as high as he can, to make some money.
The ideal entity where to sell gold is directly to a gold refinery. Why? Because they will take your gold and melt it down, and sell it at wholesale or as as they see fit. Gold refineries are not in the business of retail. They don’t resell gold items. They are essentially wholesale distributors of gold raw material. Because there is no middle-man, so the profit margins are higher, and therefore they can afford to pay you maximum dollar for your gold.
The truth is, you can reasonably expect to get as much as 300% more for your gold through a refinery than you could if you were to trade it in at retail.
The icing on the cake is that these companies are haggle-free. They offer a quick turn-around time and remit payment to you expediently. You don’t have to fear being fooled, because you won’t be. You are getting the highest payout possible, while still allowing for the refinery to profit as well.
So it really is best to do your homework before you make a decision about who to sell it to. Just makesure that you aren’t dealing with some gold “dealership”. Just be sure you are not selling your gold to some fly-by-night hustler that is out there to rip you off.
If you own gold, then you should know that you actually possess the upper hand in any negotiation. Gold is a scarce commodity. You have something that THEY want. They need your gold. So you should not settle for what pittance they are only willing to offer you. You need know the true value of your gold.
That is why the refinery is the most lucrative place
