Jan
25
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Jan
25
There’s no more appropriate time than now to be selling gold jewelry. Would you know why? Unless you have not heard, you’ve been lost on a desert island somewhere, or you’ve been too busy with obsessing due to all of the bad news about the economy these days to listen to the good news, the price of gold is constantly rising right now, worth well over $1,000 per ounce. That is correct, you read correctly: You should be selling gold jewelry right now due to the fact that it is worth well over $1,000 per ounce!Gold has been consistently over the last ten years, climbing well above 20 percent annually, with the sole exception being a 5.6% loss in 2008. Even in the year 2009, gold managed to recover from the global economic meltdown and rebound already, at a 23% increase from year 2008 levels!So what does that tell you? It means that while the 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 decline of the US dollar, have all proven to be extremely risky investments, the only stable investment throughout this entire time has been gold.So if you have been holding onto gold for a long time, now would be a good time to sell it, if you are in need of some extra cash due to this global economic recession that we have all just been through.So where should we be selling gold jewelry? Who should we be selling gold jewelry to? How can one be sure that you earn the highest price?These are all very important questions. The answer is two-fold:1. Avoid selling your gold to a retail store, a pawn-shop, or jewelry exchange. Basically any type of customer-oriented retail store is a poor idea. Why? Because they are in in business for buying and reselling gold. They need to purchase gold from you for the purposes of of reselling it immediately, and making money during the process. They essentially gold brokers who seek to earn a commission using the classic buy low and sell high strategy. So it is quite natural, they would be be faced with narrow profit margins and would not be able to offer you as much as you would like.2. You ought to be selling your gold directly to a gold refinery. Why? Because a gold refinery does business by obtaining gold, melting it, and redistributing 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 superior price for your gold because the profit margin in this particular situation is wider. So it makes for a winning solution that satisfies both you and the refinery.Gold remains a solid investment, and has remained so all the while that we have born witness to the boom and bust of the dot coms, the real estate bubble, the stock market crash of 2008, and the devaluation of the US dollar. So there is no better time than the present to be Selling Used Gold Jewelry