Selling Gold Jewelry - Why This Is The Perfect Time To Cash In On your precious jewelry

January 31, 2010 5:13 am admin Miscellaneous

There’s no more appropriate time than now to be selling gold jewelry. Would you know why? Unless you have not heard, you have been hiding under a rock somewhere, or you have been too busy getting depressed due to all of the bad news in the economy these days to listen to the good news, the price of gold is ever increasing right now, valued at well above a grand per ounce. That is correct, you didn’t misread: You ought to be selling gold jewelry now because it is valued at well over a grand per ounce!

Gold has been constantly rising over the last several, staying well above 20 percent every year, the only exception being a 5.6% decline in the year 2008. Even in the year 2009, gold has managed to recover from the recession and climb back up again already, at a 23% increase from its 2008 levels!

So what does that mean to owners of gold? It tells you that while the cyclical bubbles and busts, and the rise and decline of the dot coms, the rise and fall of real estate, the near-collapse of the stock market, and the decline of the US dollar, have all proven to be rather risky investment vehicles, the only stable investment vehicle through this entire time has been none other than 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 money due to this recession that we have all just been through.

So where should we be selling gold jewelry? Whom should we be selling gold jewelry to? How can you be certain that you earn the highest value?

These are all very important questions. There are two parts to the answer:

1. You should avoid giving gold jewelry to a retail operation, a pawn-shop, or jewelry exchange. Realistically any type of customer-focused retail shop is not a good idea. Why is this the case? This is because retail stores are in the business of buying and reselling gold. They wish to buy gold from you for the purposes of of reselling it immediately, while earning money in the process. They are basically gold brokers and wish to earn a commission using the classic buy low to sell high strategy. So it is quit obvious, they are be faced with tight profit margins and would not be able to offer you the price that you would be happy with.

2. You really should be selling your gold directly to a gold refinery. Why is this the case? It is because a gold refinery does business by acquiring gold, melting it, and remanufacturing the raw gold to other businesses. There exists no middle man. There is no flipping gold for profit. They are able to offer you a more competitive price for your gold because the margin of profit in this particular situation is higher. Thus it makes for a win-win solution that makes happy both you and the refinery.

Gold is a rock solid investment vehicle, and has remained so while at the same time we have observed the rise and fall of the dot coms, the real estate bubble and burst, the market crash of the year 2008, and the devaluation of the US dollar. So now is a better time than any to be selling gold jewelry