Sell Gold Jewelry - The Reason Why Now Is The Best Opportunity To get rid of your precious jewelry

April 23rd, 2010 by admin

You will find that there’s no better time than the present to be Selling Gold Jewelry. Would you want to know why? Unless you have not heard, you have been hiding someplace, or you have been too busy sulking due to all of the bad news pertaining to the state of the economy these days to pay attention to the good news, the price of gold is constantly rising right now, worth well over one thousand dollars per ounce. That is correct, you read correctly: You ought to be selling gold jewelry right now because it is worth well over one thousand dollars per ounce!Gold has been on a consistent rise over the last ten years, climbing well above 20% each year, with the sole exception being a 5.6 percent loss in 2008. Even in the year 2009, gold has managed to recover from the recession and climb back up again already, at a 23 percent increase from 2008 levels!So what does that mean to you? It means that despite cyclical bubbles 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 throughout this entire period has been none other than gold.So if you have been holding onto gold for some time, now would be a perfect time to sell it, if you are hard up for some money 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 price?These are all extremely important questions. The answer is two-fold:1. You should avoid selling gold jewelry to a retail operation, at a pawn-shop, at a jewelry exchange. Essentially any type of customer-focused retail operation is not a good idea. Why is this the case? This is because retail stores are in in business for buying and reselling gold. They want to purchase gold from you for the purposes of of reselling it straight away, and making money during the process. They essentially gold brokerages who wish to earn commissions using the old buy low to sell high strategy. So obviously, that they are be faced with tight profit margins and wouldn’t be able to offer you the price that 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 procuring gold, melting it, and redistributing the gold raw material to other companies. There exists no middle man. There is no flipping gold for profit. They can offer a much better price for your gold because the profit margin in this particular situation is greater. Thus it creates a win-win solution that makes happy both the refinery and you.Gold is a solid investment vehicle, and has continued to remain so all the while that we have seen the rise and fall of the dot coms, the housing bubble and burst, the market crash of 2008, and the devaluation of the US dollar. So now is a better time than any to sell gold jewelry



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