Selling Gold Jewelry – Reasons Why Now Is The Ideal Time To Resell Your Gold Jewelry

There is no more opportune time than now to sell gold jewelry. Do you know why? Unless you haven’t heard, you’ve been hiding someplace, or you’ve been too preoccupied with obsessing over all of the negative news in the economy nowadays to pay attention to the good news, the price of gold is on a rise at the present, valued at well above a grand per ounce. That’s right, you didn’t misread: You should be selling gold jewelry now because it is valued at well over a grand per ounce!Gold has been on a consistent rise over the past decade, averaging well above twenty percent annually, with the only exception being a 5.6 percent loss in 2008. Even in the year 2009, gold managed to recover from the recession and climb back up again already, at a 23% increase from its 2008 levels!So what does this mean? It means 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, have all proven to be rather risky investment vehicles, the only stable investment vehicle during this entire period has been gold.So if you have been holding onto gold for some time, now would be a good time to sell it, if you are in need of some cash due to this global economic recession that we have just been through.So where should we be selling gold jewelry? Who should we be selling gold jewelry to? How can you be sure that you redeem the best price?These are all very important questions. There are two parts to the answer:1. You should avoid giving gold jewelry to a retail store, at a pawn-shop, or a jewelry exchange. Basically any type of direct-to-consumer retail store is not a good idea. Why is that the case? This is because retail stores are in in business for flipping gold. They wish to purchase gold from you for the purpose of of reselling it immediately, and earning money in the process. They basically are gold brokers who are seeking to earn commissions using the classic buy low to sell high strategy. So it is quit obvious, they would be be dealing tight margins of profit and wouldn’t be open to offer you the price that you would be happy with.2. You should be reselling your gold directly to a gold refinery. Why is this the case? It is because a gold refinery does business by obtaining gold, melting it down, and remanufacturing the raw gold to other companies. There is no middle man. There is no flipping gold for profit. They are able to offer a higher price for your gold because the margin of profit in this type of situation is wider. So it creates a win-win solution that makes happy both the refinery and you.Gold remains a solid investment vehicle, and has remained so while we have observed the boom and bust of the dot coms, the housing bubble and burst, the stock market crash of 2008, and the decline of the US dollar. So now is a better time than any to Sell Your Gold Jewelry