Feb
5
Feb
5
There is no better time than now to sell gold jewelry. Would you know why? In case you have not heard, you have been hiding under a rock somewhere, or you have been preoccupied with obsessing due to all of the bleak news pertaining to the state of the economy nowadays to pay attention to the good news, the price of gold is ever increasing at the present, valued at well over a grand per ounce. That is correct, you read correctly: 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 ten years, averaging well above 20 percent each year, the only exception being a 5.6 percent decline in the year 2008. Even in the year 2009, gold managed to rebound from the global economic crisis and climb back up again already, at a 23% increase from its 2008 levels!So what does this mean to you? It means that while the cyclical boom and busts, and the rise and fall of the dot coms, the rise and fall of real estate, the decline of the stock market, and the decline of the US dollar, all have proven to be altogether volatile investments, the only stable investment through this entire time has been gold.So if you have been in possession of gold for some time, now would be a great time to cash it in, if you are hard up for some extra cash due to this economic recession that we have all just been through.So where ought we be selling gold jewelry? To whom should we be selling gold jewelry to? How can one be certain that you get the most lucrative price?These are all very good questions. The answer is two-fold:1. Avoid selling your gold to a retail shop, at a pawn-shop, or jewelry exchange. Basically any type of customer-focused retail operation is a bad idea. Why is this the case? This is because these shops are in in business for flipping gold. They need to buy gold from you for the purpose of of reselling it immediately, while earning money during the process. They are basically gold brokerages and are seeking to earn a commission using the classic buy low to sell high plan. So quite naturally, that they are be up against tight margins of profit and would not be able to offer you as much as you would be happy with.2. You really should be reselling your gold directly to a refinery of gold. Why? Because a refinery of gold is in the business of acquiring gold, melting it, and remanufacturing the raw material to other businesses. There exists no middle man. There is no flipping gold for profit. They can offer you a superior price for your gold because the profit margin in this type of situation is much greater. Therefore it makes for a win-win solution that makes happy both you and the refinery.Gold is a solid investment vehicle, and has remained so all the while that we have seen the rise and fall of the dot coms, the housing bubble and burst, the stock market crash of the year 2008, and the devaluation of the dollar. So now is the best time to be selling gold jewelry