You will find that there is no better time than the present to be selling gold jewelry. Do you know why? In case you have not heard, you have been hiding someplace, or you have been preoccupied sulking due to all of the bad news about the economy these days to pay attention to the good news, the price of gold is on a meteoric rise right now, valued at well over one grand per ounce. That is correct, you read correctly: You ought to be selling gold jewelry right now because it is valued at well over one grand per ounce!
Gold has been consistently over the last decade, hovering well above 20 percent annually, with the only exception being a 5.6 percent decline in the year 2008. Even in the 2009, gold managed to rebound from the global economic recession and climb back up again already, at a 23 percent increase from year 2008 levels!
So what does this tell you? It means that despite 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 devaluation of the US dollar, have all proven to be altogether risky investment vehicles, the only stable investment vehicle throughout this entire period has been gold.
So if you have been holding onto gold for some time, now would be a great time to sell it, if you are in need of some cash due to this recession that we have just been through.
So where should we be selling gold jewelry? Who should you be selling gold jewelry to? How can we be certain that you earn the best amount?
These are all very good questions. There are two parts to the answer:
1. Avoid selling your gold to a retail shop, a pawn-shop, at a jewelry exchange. Really any type of customer-focused retail operation is a poor idea. Why is this the case? This is because they are in in business for buying and reselling gold. They want to purchase gold from you for the purpose of of reselling it immediately, and making money in the process. They basically are gold brokers who are seeking to earn commissions using the classic “buy low and sell high” plan. So obviously, that they are be up against narrow margins of profit and would not be able to offer you the price that you would be happy with.
2. You really should be selling your gold to a gold refinery. Why is this the case? Because a refinery of gold is in the business of obtaining gold, melting it down, and remanufacturing 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 because the profit margin in this type of situation is higher. Therefore it makes for a winning solution that satisfies both the refinery and you.
Gold is a solid investment, and has continued to remain so while at the same time we have witnessed the rise and fall of the dot coms, the real estate bubble and burst, the market crash of the year 2008, and the decline of the dollar. So now is a better time than any to be selling gold jewelry
