Selling Gold Jewelry – Reasons Why This Is The Idea Time To Sell your gold,silver or platinum jewelry

February 3rd, 2010 by admin

You will find that there’s no more opportune time than the present for you 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 in the economy nowadays to pay attention to the good news, the price of gold is constantly rising as of this writing, worth well above one grand per ounce. That is correct, you didn’t misread: You ought to be selling gold jewelry now because it is worth well over one grand per ounce!Gold has been consistently over the past ten years, hovering well above 20 percent each year, the only exception being a 5.6% loss in the year 2008. Even in the year 2009, gold managed to recover from the global recession and climb back up again already, at a 23 percent increase from year 2008 levels!So what does that mean? It tells you that despite cyclical boom and busts, and the rise and decline of the dot coms, the boom and bust of real estate, the near-collapse of the stock market, and the devaluation of the US dollar, all have proven to be rather volatile investment vehicles, the only stable investment during this entire period has been gold.So if you have been in possession of gold for some time, now would be a perfect time to cash it in, if you are in need of some extra cash due to this global economic recession that we have just been through.So where should we be selling gold jewelry? Whom should we be selling gold jewelry to? How can one be certain that you redeem the highest amount?These are all very good questions. The answer is two-fold:1. Avoid selling your gold to a retail operation, at a pawn-shop, or jewelry exchange. Realistically any type of direct-to-consumer retail operation is a terrible idea. Why is that the case? This is because they are in in business for flipping gold. They need to buy gold from you with the intention of reselling it right away, while earning money during the process. They are basically gold brokerages who are looking to earn commissions using the old buy low and sell high strategy. So obviously, that they would be be dealing tight profit margins and wouldn’t be able to offer you as much as you would be happy with.2. You should be selling your gold to a gold refinery. Why is this the case? It is because a gold refinery does business by procuring gold, melting it down, and remanufacturing the raw material to other businesses. There is no middle man. There is no flipping gold for profit. They can offer you a much better price for your gold because the margin of profit in this type of situation is greater. Therefore it makes for a win-win solution that satisfies both the refinery and you.Gold is a stable investment, and has continued to remain so while at the same time 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 decline of the US dollar. So there is no better time than the present to sell gold jewelry

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