Selling Gold Jewelry – Why This Is The Perfectl Time To Resell Your Gold Jewelry

There is no better time than now to be selling gold jewelry. Do you want to know why? Unless you have not heard the news, you have been lost on a desert island somewhere, or you have been too busy obsessing due to all of the bleak news pertaining to the economy these days to pay attention to the good news, the price of gold is rising right now, worth well over a grand per ounce. That is correct, you read correctly: You ought to be selling gold jewelry right now because it is worth well over a grand per ounce!

Gold has been consistently over the last decade, hovering well above 20 percent every year, with the only exception being a 5.6% loss in 2008. Even in the year 2009, gold managed to recover from the recession and rebound already, at a 23% increase from 2008 levels!

So what does this tell you? It means that despite cyclical boom and busts, and the rise and decline of the dot coms, the rise and fall of real estate, the decline of the stock market, and the devaluation of the US dollar, have all proven to be rather volatile investments, the only stable investment through this entire time has been gold.

So if you have been in possession of gold for some time, now would be a good time to sell it, if you are in need of some extra cash due to this economic recession that we have all just been through.

So where should we be selling gold jewelry? To whom should we be selling gold jewelry to? How can you be certain that you earn the most lucrative amount?

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

1. Avoid selling your gold to a retail operation, a pawn-shop, at a jewelry exchange. Essentially any type of direct-to-consumer retail operation is a terrible idea. Why? Because these stores are in in business for buying and reselling gold. They desire to procure gold from you for the purposes of of reselling it straight away, while earning money during the process. They are basically gold brokers who wish to earn commissions using the old “”buy low to sell high” plan. So obviously, they are be up against tight profit margins and wouldn’t be open to offer you the price that you would like.

2. You really should be selling your gold directly to a gold refinery. Why? It is because a gold refinery is in the business of procuring gold, melting it down, and remanufacturing the raw material to other companies. There exists no middle man. There is no flipping gold for profit. They are able to offer you a superior price for your gold due to the fact that the margin of profit in this particular situation is wider. So it creates a winning solution that makes happy both the refinery and you.

Gold remains a rock solid investment vehicle, and has remained so all the while that we have witnessed the rise and fall of the dot coms, the housing bubble and burst, the stock market crash of 2008, and the decline of the dollar. So there is no better time than the present to be selling gold jewelry