Selling Gold Jewelry – The Reason Why Now Is The Best Opportunity To Cash In your precious jewelry

7:07 pm Miscellaneous

There is no better time than the present to sell gold jewelry. Would you know why? Unless you haven’t heard the news, you’ve been hiding under a rock somewhere, or you’ve been too preoccupied sulking over all of the bleak news pertaining to the state of the economy nowadays to pay attention to the good news, the price of gold is rising as of this writing, worth well above $1,000 per ounce. That is correct, you didn’t misread: You ought to be selling gold jewelry now because it is worth well over $1,000 per ounce!Gold has been on a consistent rise over the past couple of decades, averaging well above 20 percent per annum, with the sole exception being a 5.6 percent loss in the year 2008. Even in the 2009, gold managed to recover from the global economic recession and rebound already, at a 23 percent increase from year 2008 levels!So what does this mean? It tells you that while the cyclical bubbles and busts, and the rise and decline of the dot coms, the boom and bust of real estate, the decline of the stock market, and the decline of the US dollar, have all proven to be rather volatile investment vehicles, the only stable investment during this entire time has been gold.So if you have been in possession of gold for a long time, now would be a good time to cash it in, if you are hard up for some cash as a result of this recession that we have all just been through.So where should you be selling gold jewelry? Whom should you be selling gold jewelry to? And how can one be certain that you redeem the most lucrative price?These are all very important questions. The answer is two-fold:1. Avoid selling gold jewelry to a retail shop, a pawn-shop, or a jewelry exchange. Realistically any type of customer-oriented retail operation is a poor idea. Why? Because retail stores are in the business of buying and reselling gold. They want to purchase gold from you for the purposes of of reselling it right away, while earning a profit during the process. They essentially gold brokerages and are seeking to earn a commission using the classic buy low to sell high plan. So quite naturally, they are be dealing narrow profit margins and wouldn’t be able to offer you as much as you would like.2. You should be selling your gold to a refinery of gold. Why? It is because a refinery of gold does business by acquiring gold, melting it down, and remanufacturing the raw gold to other businesses. There is no middle man. There is no flipping gold for profit. They can offer a superior price for your gold because the margin of profit in this type of situation is much greater. So it creates a win-win solution that makes happy both you and the refinery.Gold is a rock solid investment, and has remained so all the while that we have observed the boom and bust of the dot coms, the real estate bubble and burst, the stock market crash of the year 2008, and the devaluation of the US dollar. So now is a better time than any to be selling gold jewelry

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