Sell Gold Jewelry – Reasons Why This Is The Best Opportunity To get rid of your gold,silver or platinum jewelry
June 22, 2010 4:07 am News and SocietyThere is no more appropriate time than the present to be selling gold jewelry . Would you know why? Unless you haven’t heard the news, you’ve been hiding in a cave someplace, or you’ve been preoccupied getting depressed due to all of the bleak news in the economy nowadays to pay attention to the good news, the price of gold is constantly rising right now, worth well above $1,000 per ounce. That is correct, you didn’t misread: You ought to be selling gold jewelry right now because it is worth well over $1,000 per ounce!Gold has been on a consistent rise over the past several, staying well above 20% per annum, the only exception being a 5.6 percent loss in the year 2008. Even in the 2009, gold managed to recover from the global economic meltdown and rebound already, at a 23 percent increase from 2008 levels!So what does that mean to you? It tells you that while the cyclical bubbles and busts, and the rise and decline 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, have all proven to be rather risky investment vehicles, the only stable investment through this entire time has been gold.So if you have been holding onto gold for some time, now would be a perfect time to cash in on it, if you are in need of some cash 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? How can you be certain that you get the highest price?These are all extremely good questions. The answer is two-fold:1. You should avoid giving gold jewelry to a retail store, at a pawn-shop, at a jewelry exchange. Realistically any type of customer-focused retail store is a bad idea. Why is this the case? Because they are in the business of buying and reselling gold. They wish to purchase gold from you with the intention of reselling it straight away, and making money in the process. They basically are gold brokers who are looking to earn a commission using the old buy low and sell high plan. So quite naturally, they would be be faced with tight margins of profit and wouldn’t be open to offer you as much as you would be happy with.2. You should be reselling your gold to a gold refinery. Why? Because a gold refinery does business by obtaining gold, melting it down, and redistributing the raw material to other businesses. There exists no middle man. There is no flipping gold involved. They are able to offer you a higher price for your gold since the profit margin in this type of situation is higher. So it makes for a win-win solution that satisfies 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 real estate bubble, the stock market crash of the year 2008, and the decline of the US dollar. So now is the best time to sell gold jewelry online