Stock Investing Strategies

Stock investments


Selling Gold Jewelry – Reasons Why Now Is The Perfectl Time To Cash In Your Gold Jewelry

You will find that there’s no more opportune time than now for you to sell gold jewelry. Would you know why? In case you have not heard the news, you’ve been hiding under a rock someplace, or you’ve been too preoccupied sulking over all of the bleak news in the economy nowadays to listen to the good news, the price of gold is rising as of this writing, worth well over one thousand dollars per ounce. That is correct, you read correctly: You ought to be selling gold jewelry now due to the fact that it is worth well over one thousand dollars per ounce!

Gold has been consistently over the past couple of decades, climbing well above 20 percent every year, the only exception being a five percent decline in the year 2008. Even in the 2009, gold managed to recover from the recession and rebound already, at a 23% increase from its 2008 levels!

So what does this mean? It means that while the cyclical bubbles and busts, and the rise and decline 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 rather volatile investment vehicles, the only stable investment throughout this entire period has been gold.

So if you have been holding onto gold for a long time, now would be a great time to sell it, if you are hard up for some cash due to this economic recession that we have all just been through.

So where ought you be selling gold jewelry? To whom should you be selling gold jewelry to? How can we be sure that you redeem the highest amount?

These are all extremely important questions. There are two parts to the answer:

1. You should avoid giving your gold to a retail shop, at a pawn-shop, at a jewelry exchange. Really any type of customer-focused retail operation is a poor idea. Why? This is because they are in the business of flipping gold. They need to procure gold from you for the purpose of of reselling it right away, while earning money in the process. They essentially gold brokerages who look to earn commissions using the old “”buy low to sell high” plan. So quite naturally, that they are be facing narrow profit margins and wouldn’t be open to offer you as much as you would like.

2. You really should be reselling your gold directly to a gold refinery. Why? It is because a gold refinery is in the business of procuring gold, melting it, and remanufacturing 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 superior price for your gold because the margin of profit in this type of situation is wider. Thus it creates a win-win solution that makes happy both you and the refinery.

Gold remains a rock solid investment, and has remained so all the while that we have witnessed the boom and bust of the dot coms, the real estate bubble, 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 be selling gold jewelry

Tags: , , , , , ,

Comments are closed.