Sell Gold Jewelry – Reasons Why This Is The Perfect Opportunity To Resell your precious jewelry
You will find that there’s no more appropriate time than the present to sell gold jewelry. Would you want to know why? Unless you have not heard, you’ve been hiding in a cave someplace, or you’ve been too preoccupied obsessing over all of the bad news in the economy these days to pay attention to the good news, the price of gold is constantly rising as of this writing, valued at well above one grand per ounce. That is correct, you read correctly: You ought to be selling gold jewelry now due to the fact that it is valued at well over one grand per ounce!Gold has been on a consistent rise over the last ten years, averaging well above 20 percent each year, with the sole exception being a five percent loss in the year 2008. Even in the year 2009, gold has managed to rebound from the global economic meltdown and rebound already, at a 23% increase from 2008 levels!So what does that mean to owners of gold? It tells you that while 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 altogether volatile investments, the only stable investment vehicle during this entire time has been gold.So if you have been in possession of gold for a long time, now would be a great time to cash in on it, if you are in need of some cash due to this recession that we have just been through.So where should you be selling gold jewelry? To whom should you be selling gold jewelry to? And how can you be sure that you redeem the highest amount?These are all very good questions. There are two parts to the answer:1. You should avoid giving your gold to a retail shop, a pawn-shop, or a jewelry exchange. Really any type of direct-to-consumer retail shop is not a good idea. Why is this the case? This is because they are in the business of buying and reselling gold. They want to obtain gold from you for the purposes of of reselling it straight away, while earning a profit in the process. They basically are gold brokerages who seek to earn commissions using the old buy low and sell high strategy. So quite naturally, that they are be up against narrow profit margins and wouldn’t be open to offer you the price that you would like.2. You ought to be selling your gold directly to a gold refinery. Why? It is because a gold refinery is in the business of acquiring gold, melting it, and redistributing the gold raw material to other businesses. There is no middle man. There is no flipping gold for profit. They are able to offer you a better price for your gold since the profit margin in this type of situation is wider. So it creates a winning solution that satisfies both the refinery and you.Gold remains a stable investment, and has continued to remain so while at the same time we have witnessed the boom and bust of the dot coms, the housing bubble and burst, the stock market crash of the year 2008, and the decline of the US dollar. So there is no better time than the present to sell gold jewelry