Selling Gold Jewelry – Reasons Why Now Is The Best Opportunity To Resell your precious jewelry
January 31st, 2010 . by adminSelling Gold Jewelry – Reasons Why Now Is The Best Opportunity To Resell your precious jewelryThere’s no more opportune time than now to sell gold jewelry. Do you know why? Unless you have not heard, you’ve been hiding in a cave somewhere, or you’ve been too busy getting depressed over all of the bad news about the economy these days to listen to the good news, the price of gold is ever increasing right now, valued at well above one thousand dollars per ounce. That’s right, you didn’t misread: You ought to be selling gold jewelry right now because it is valued at well over one thousand dollars per ounce!Gold has been on a consistent rise over the last ten years, climbing well above twenty percent per annum, the only exception being a 5.6 percent loss in the year 2008. Even in the 2009, gold has managed to recover from the global economic crisis 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 cyclical boom and busts, and the rise and fall 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, all have proven to be rather risky investment vehicles, the only stable investment vehicle throughout this entire time has been gold.So if you have been holding onto gold for a long time, now would be a perfect time to cash in on it, if you are hard up for some money as a result of this global economic recession that we have just been through.So where ought we be selling gold jewelry? Whom should we be selling gold jewelry to? And how can we be certain that you get the most lucrative value?These are all extremely good questions. The answer is two-fold:1. Avoid selling your gold to a retail store, at a pawn-shop, or a jewelry exchange. Really any type of customer-focused retail shop is a terrible idea. Why is that the case? Because these stores are in the business of flipping gold. They want to purchase gold from you with the intention of reselling it straight away, and earning money in the process. They are basically gold brokers and look to earn commissions using the classic buy low and sell high strategy. So quite naturally, that they would be be up against narrow profit margins and wouldn’t be able to offer you the price that you would like.2. You should be selling your gold to a refinery of gold. Why is this the case? It is because a refinery of gold is in the business of acquiring gold, melting it down, and remanufacturing the raw material to other businesses. There is no middle man. There is no flipping gold involved. They can offer a better price for your gold since the profit margin in this type of situation is greater. Thus it makes for a win-win solution that makes happy both the refinery and you.Gold is a rock solid investment, and has continued to remain so all the while that we have born witness to the rise and fall of the dot coms, the housing bubble, the market crash of the year 2008, and the devaluation of the US dollar. So now is a better time than any to sell gold jewelry