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You will find that there is no more appropriate time than the present to be selling gold jewelry. Do you want to know why? In case you have not heard the news, you have been hiding under a rock someplace, or you have been too busy with obsessing over all of the negative news pertaining to the state of the economy these days to listen to the good news, the price of gold is on a meteoric rise as of this writing, valued at well over $1,000 per ounce. That’s right, you read correctly: You ought to be selling gold jewelry now due to the fact that it is valued at well over $1,000 per ounce!

Gold has been consistently over the last several, averaging well above twenty percent every year, with the sole exception being a 5.6% decline in the year 2008. Even in the year 2009, gold has managed to recover from the global economic crisis and rebound already, at a 23 percent increase from year 2008 levels!

So what does that mean to owners of gold? 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 near-collapse of the stock market, and the decline of the US dollar, all have proven to be rather risky investments, the only stable investment vehicle throughout this entire time has been none other than gold.

So if you have been in possession of gold for a long time, now would be a good time to sell it, 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 you be certain that you earn the most lucrative price?

These are all very good questions. There are two parts to the answer:

1. Avoid giving gold jewelry to a retail operation, at a pawn-shop, at a jewelry exchange. Essentially any type of direct-to-consumer retail store is a poor idea. Why is this the case? Because these stores are in in business for flipping gold. They desire to purchase gold from you for the purposes of of reselling it immediately, while earning a profit during the process. They essentially gold brokerages and look to earn a commission using the classic “”buy low to sell high” strategy. So obviously, that they would be be dealing narrow margins of profit and would not be able to offer you the price that you would like.

2. You ought to be reselling your gold to a gold refinery. Why is this the case? It is because a gold refinery does business by obtaining gold, melting it down, and remanufacturing the gold raw material to other businesses. There exists no middle man. There is no flipping gold involved. They are able to offer you a much better price for your gold due to the fact that the margin of profit in this particular situation is much greater. So it makes for a winning solution that makes happy both you and the refinery.

Gold remains a stable investment, and has remained so all the while that 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 be selling gold jewelry

Tags: cash, cash 4 gold, cash for gold, gold, jewelry, money, Silver

This entry was posted on Sunday, January 24th, 2010 at 4:37 am and is filed under Uncategorized. You can follow any responses to this entry through the RSS 2.0 feed. You can leave a response, or trackback from your own site.