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Selling Gold Jewelry – Why Now Is The Best Opportunity To Cash In On your precious jewelry
January 26th, 2010 by admin
You will find that there is no better time than now to sell gold jewelry. Would you want to know why? Unless you haven’t heard, you’ve been hiding under a rock someplace, or you’ve been too preoccupied with obsessing due to all of the negative news pertaining to the economy these days to listen to the good news, the price of gold is rising at the present, worth well above one grand per ounce. That’s right, you read correctly: You should be selling gold jewelry now because it is worth well over one grand per ounce!Gold has been on a consistent rise over the last several, hovering well above twenty percent every year, with the only exception being a 5.6% decline in 2008. Even in the 2009, gold has managed to rebound from the global economic crisis and rebound already, at a 23% increase from its 2008 levels!So what does this mean to you? It means that despite the cyclical bubbles and busts, and the rise and fall 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, all have proven to be extremely volatile investment vehicles, the only stable investment during this entire time has been none other than gold.So if you have been in possession of gold for some time, now would be a perfect time to cash in on it, if you are in need of some money as a result of this economic recession that we have just been through.So where should you be selling gold jewelry? Whom should you be selling gold jewelry to? And how can you be sure that you get the highest value?These are all very important questions. There are two parts to the answer:1. Avoid giving your gold to a retail operation, at a pawn-shop, or jewelry exchange. Realistically any type of customer-focused retail store is a poor idea. Why is this the case? Because these shops are in the business of flipping gold. They wish to buy gold from you for the purpose of of reselling it immediately, and making money during the process. They basically are gold brokers who wish to earn a commission using the classic buy low to sell high strategy. So obviously, that they are be dealing tight margins of profit and would not be able to offer you as much as you would like.2. You ought to be reselling your gold to a gold refinery. Why is this the case? Because a gold refinery does business by acquiring gold, melting it, and redistributing the gold raw material to other businesses. There is no middle man. There is no flipping gold involved. They are able to offer you a much better price for your gold due to the fact that the margin of profit in this type of situation is much greater. Therefore it creates a win-win solution that satisfies both the refinery and you.Gold remains a solid investment, and has continued to remain so all the while that we have born witness to the boom and bust of the dot coms, the real estate bubble and burst, the stock market crash of 2008, and the devaluation of the dollar. So now is the best time to be selling gold jewelry