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Selling Gold Jewelry – Reasons Why This Is The Idea Time To Resell your gold,silver or platinum jewelry
January 22nd, 2010 by admin
There is no better time than the present for you to be selling gold jewelry. Do you want to know why? In case you haven’t heard, you’ve been hiding under a rock somewhere, or you’ve been preoccupied with obsessing due to all of the bleak news about the state of the economy these days to listen to the good news, the price of gold is rising right now, worth well over a grand 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 a grand per ounce!Gold has been on a consistent rise over the last ten years, hovering well above twenty percent every year, the only exception being a 5.6% loss in 2008. Even in the 2009, gold managed to rebound from the global economic recession and rebound already, at a 23 percent increase from its 2008 levels!So what does this mean to owners of gold? It tells you that despite 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 decline of the US dollar, all have proven to be altogether volatile investments, the only stable investment vehicle during this entire time has been gold.So if you have been holding onto gold for some time, now would be a perfect time to sell it, if you are in need of some cash as a result of this global economic recession that we have just been through.So where should we be selling gold jewelry? To whom should we be selling gold jewelry to? How can you be certain that you redeem the most lucrative price?These are all extremely important questions. There are two parts to the answer:1. You should avoid giving gold jewelry to a retail shop, at a pawn-shop, at a jewelry exchange. Really any type of consumer retail store is a terrible idea. Why? This is because these shops are in the business of buying and reselling gold. They wish to obtain gold from you for the purpose of of reselling it immediately, and making money during the process. They essentially gold brokers and are looking to earn commissions using the classic \”buy low and sell high\” strategy. So obviously, they would be be facing narrow margins of profit and wouldn’t be able to offer you as much as you would be happy with.2. You should be selling your gold directly to a gold refinery. Why is this the case? It is because a gold refinery is in the business of obtaining gold, melting it down, and redistributing the raw gold to other companies. There exists no middle man. There is no flipping gold for profit. They can offer you a more competitive price for your gold due to the fact that the profit margin in this type of situation is much greater. So it creates a winning solution that makes happy both you and the refinery.Gold is a stable investment, and has continued to remain so while at the same time we have witnessed the boom and bust of the dot coms, the real estate bubble, the stock market crash of 2008, and the devaluation of the US dollar. So there is no better time than the present to be selling your gold jewelry