Selling Gold Jewelry – The Reason Why Now Is The Best Time To Resell Your Gold Jewelry

There’s no more appropriate time than the present for you to be selling gold jewelry. Do you want to know why? In case you haven’t heard the news, you’ve been hiding somewhere, or you’ve been preoccupied with obsessing over all of the bleak news pertaining to the economy these days to listen to the good news, the price of gold is on a rise right now, valued at well over one thousand dollars per ounce. That’s right, you read correctly: You ought to be selling gold jewelry now due to the fact that it is worth well over one grand per ounce!

Gold has been constantly rising over the past ten years, averaging well above 20% annually, with the only exception being a 5.6% decline in the year 2008. Even in the year 2009, gold managed to rebound from the global economic recession and rebound already, at a 23% increase from year 2008 levels!

So what does this mean to owners of gold? It means that despite cyclical bubbles and busts, and the rise and fall 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 extremely volatile investments, the only stable investment vehicle throughout this entire time has been gold.

So if you have been in possession of gold for some time, now would be a great time to cash in on it, if you are hard up for some extra cash due to this recession that we have just been through.

So where ought you be selling gold jewelry? To whom should we be selling gold jewelry to? And how can you be certain that you get the highest price?

These are all extremely important questions. The answer is two-fold:

1. You should avoid giving gold jewelry to a retail shop, a pawn-shop, or a jewelry exchange. Basically any type of customer-focused retail store is a terrible idea. Why is that the case? 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 a profit in the process. They basically are gold brokerages who wish to earn commissions using the classic “”buy low to sell high” plan. So obviously, they are be dealing narrow profit margins and wouldn’t be open to offer you the price that you would like.

2. You really should be reselling your gold directly to a gold refinery. Why? Because a refinery of gold is in the business of obtaining gold, melting it down, and remanufacturing the gold raw material to other companies. There is no middle man. There is no flipping gold involved. They are able to offer a higher price for your gold due to the fact that the profit margin in this particular situation is much greater. Therefore it makes for a winning solution that satisfies both the refinery and you.

Gold remains a stable investment, and has remained so all the while that we have born witness to the rise and fall of the dot coms, the real estate bubble and burst, the market crash of 2008, and the devaluation of the US dollar. So there is no better time than the present to be selling gold jewelry