Selling Gold Jewelry - Reasons Why This Is The Best Opportunity To Cash In On your precious jewelry
February 22, 2010 5:07 am MiscellaneousYou will find that there is no more appropriate time than the present to be selling gold jewelry. Do you know why? In case you have not heard, you’ve been lost on a desert island someplace, or you’ve been too busy obsessing due to all of the bad news about the economy these days to pay attention to the good news, the price of gold is constantly rising right now, worth well above $1,000 per ounce. That’s right, you read correctly: You should be selling gold jewelry now because it is worth well over $1,000 per ounce!Gold has been constantly rising over the past several, staying well above twenty percent annually, with the sole exception being a 5.6% decline in the year 2008. Even in the 2009, gold managed to rebound from the global recession and climb back up again already, at a 23 percent increase from its 2008 levels!So what does this mean to you? It tells you that despite the cyclical bubbles and busts, and the rise and decline of the dot coms, the rise and fall of real estate, the decline of the stock market, and the decline of the US dollar, have all proven to be altogether volatile investment vehicles, the only stable investment vehicle throughout this entire time has been gold.So if you have been in possession of 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 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 you be sure that you earn the best amount?These are all extremely good questions. There are two parts to the answer:1. You should avoid giving your gold to a retail store, a pawn-shop, or jewelry exchange. Basically any type of customer-oriented retail operation is a bad idea. Why? Because retail stores are in the business of buying and reselling gold. They want to buy gold from you for the purpose of of reselling it right away, while making money in the process. They essentially gold brokers and seek to earn a commission using the classic buy low to sell high plan. So it is quite natural, they would be be up against tight margins of profit and would not be open to offer you as much as you would like.2. You really should be reselling your gold to a gold refinery. Why is this the case? It is because a gold refinery does business by obtaining gold, melting it, and redistributing the raw material to other companies. There is no middle man. There is no flipping gold involved. They can offer you a higher price for your gold due to the fact that the margin of profit in this type of situation is higher. So it makes for a win-win solution that satisfies both you and the refinery.Gold remains a rock solid investment vehicle, and has continued to remain so while at the same time we have observed the rise and fall of the dot coms, the real estate bubble, the market crash of the year 2008, and the devaluation of the dollar. So there is no better time than the present to be selling gold jewelry