Jan
28
Jan
28
There’s no better time than now to be selling gold jewelry. Do you want to know why? Unless you have not heard, you have been hiding somewhere, or you have been preoccupied obsessing due to all of the negative news about the economy these days to listen to the good news, the price of gold is rising right now, worth well above a grand per ounce. That is correct, you read correctly: You ought to be selling gold jewelry right now due to the fact that it is worth well over a grand per ounce!Gold has been constantly rising over the last ten years, climbing well above 20% per annum, the only exception being a five percent loss in 2008. Even in the 2009, gold has managed to rebound from the global economic crisis and climb back up again already, at a 23% increase from year 2008 levels!So what does that mean? It means that despite 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 devaluation of the US dollar, have all proven to be rather volatile investment vehicles, the only stable investment vehicle through this entire time has been gold.So if you have been holding onto gold for some time, now would be a perfect time to cash in on it, if you are hard up for some cash due to this global economic recession that we have all just been through.So where ought you be selling gold jewelry? Whom should you be selling gold jewelry to? And how can one be certain that you get the most lucrative price?These are all very good questions. There are two parts to the answer:1. You should avoid giving gold jewelry to a retail store, a pawn-shop, or a jewelry exchange. Realistically any type of customer-oriented retail operation is a terrible idea. Why is that the case? Because retail stores are in the business of flipping gold. They wish to procure gold from you for the purpose of of reselling it straight away, while making money during the process. They are basically gold brokers and are seeking to earn commissions using the classic buy low to sell high strategy. So obviously, that they would be be faced with narrow profit margins and would not be open to offer you as much as you would be happy with.2. You really should be reselling your gold to a refinery of gold. Why? It is because a refinery of gold does business by procuring gold, melting it, and redistributing the raw gold to other businesses. There is no middle man. There is no flipping gold for profit. They are able to offer a more competitive price for your gold because the profit margin in this type of situation is higher. Therefore it creates a win-win solution that makes happy both you and the refinery.Gold remains a rock solid investment, and has remained so while at the same time we have seen the rise and fall of the dot coms, the housing bubble, the stock market crash of 2008, and the devaluation of the dollar. So there is no better time than the present to know How to Sell Gold Jewelry