There is no more opportune time than now for you to be selling gold jewelry. Do you want to know why? Unless you have not heard, you’ve been hiding in a cave somewhere, or you have been preoccupied getting depressed over all of the bleak news in the economy these days to listen to the good news, the price of gold is on a rise as of this writing, worth well over one thousand dollars per ounce. That’s right, you didn’t misread: You ought to sell gold jewelry now due to the fact that it is valued at well over one thousand dollars per ounce!
Gold has been constantly rising over the past ten years, hovering well above twenty percent annually, the sole exception being a 5.6 percent decline in the year 2008. Even in the 2009, gold managed to recover from the global economic meltdown and climb back up again already, at a 23 percent increase from its 2008 levels!
So what does that mean to owners of gold? It means that while the cyclical boom and busts, and the rise and decline of the dot coms, the boom and bust of real estate, the decline of the stock market, and the decline of the US dollar, all have proven to be extremely risky investments, the only stable investment during this entire period has been gold.
So if you have been holding onto gold for a long time, now would be a good time to cash it in, if you are in need of some cash due to this economic recession that we have all just been through.
So where should we be selling gold jewelry? Who should we be selling gold jewelry to? And how can we be sure that you earn the most lucrative amount?
These are all extremely important questions. There are two parts to the answer:
1. You should avoid giving gold jewelry to a retail operation, at a pawn-shop, at a jewelry exchange. Really any type of direct-to-consumer retail operation is not a good idea. Why is that the case? Because retail stores are in in business for buying and reselling gold. They desire to purchase gold from you for the purposes of of reselling it immediately, while making money during the process. They basically are gold brokerages who are looking to earn commissions using the classic “buy low and sell high” strategy. So it is quite natural, they are be dealing narrow profit margins and would not be able to offer you the price that you would be happy with.
2. You ought to be selling your gold to a gold refinery. Why? Because a gold refinery does business by procuring gold, melting it, and redistributing the raw gold to other companies. There exists no middle man. There is no flipping gold involved. They can offer you a superior price for your gold due to the fact that the profit margin in this particular situation is wider. Therefore it creates a win-win solution that makes happy both the refinery and you.
Gold remains a stable investment vehicle, and has continued to remain so all the while that we have seen the boom and bust of the dot coms, the real estate bubble and burst, the market crash of the year 2008, and the devaluation of the dollar. So now is the best time to be selling gold jewelry
RSS FEED
