Talk and Act
You will find that there’s no better time than now for you to be selling gold jewelry. Would you want to know why? Unless you haven’t heard the news, you have been hiding in a cave someplace, or you have been too preoccupied getting depressed over all of the bleak news in the economy nowadays to pay attention to the good news, the price of gold is on a rise right now, worth well above a grand per ounce. That’s right, you read correctly: You should sell gold jewelry now due to the fact that it is valued at well over one grand per ounce!
Gold has been constantly rising over the last couple of decades, climbing well above 20% annually, the sole exception being a 5.6 percent loss in the year 2008. Even in the 2009, gold managed to rebound from the global recession and climb back up again already, at a 23 percent increase from its 2008 levels!
So what does this mean? It tells you that despite the 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, all have proven to be extremely risky investment vehicles, the only stable investment vehicle through this entire time has been gold.
So if you have been holding onto gold for some time, now would be a perfect time to cash it in, if you are hard up for some extra cash due to this recession that we have just been through.
So where should we be selling gold jewelry? Who should you be selling gold jewelry to? And how can one be certain that you redeem the best value?
These are all extremely important questions. There are two parts to the answer:
1. You should avoid selling gold jewelry to a retail store, at a pawn-shop, or a jewelry exchange. Basically any type of consumer retail shop is not a good idea. Why is this the case? Because these shops are in in business for flipping gold. They desire to purchase gold from you for the purpose of of reselling it right away, while making money in the process. They essentially gold brokers who are looking to earn commissions using the old “”buy low to sell high” plan. So it is quite natural, that they would be be facing narrow margins of profit and wouldn’t be open to offer you the price that you would be happy with.
2. You should be reselling your gold directly to a refinery of gold. Why is this the case? Because a refinery of gold does business by obtaining gold, melting it down, and remanufacturing the raw material to other businesses. There exists no middle man. There is no flipping gold for profit. They can offer you a higher price for your gold since the margin of profit in this type of situation is higher. Thus it makes for a win-win solution that makes happy both you and the refinery.
Gold is a solid investment vehicle, and has remained so while we have observed the boom and bust of the dot coms, the housing bubble, 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
Tags: cash, gold, Jewelry, platinum, silver
Posted in Jewelry · January 14th, 2010 · Comments (0)
Since the beginning of time, gold has been valuable, even when it was hard to come by. Back to the third millennium B.C, gold was used to signify wealth. It is still used in that capacity today. The Egyptians used gold as expensive jewelry decoration, with their leader on each necklace or medallion. Then there was the Great Gold Rush in California in the’00s. Nothing was more important to the people than finding gold. Some would sell gold, while others kept it as their most prized possession. Gold has always held an important place in our lives.
In modern times, gold is just as valuable. The price of gold has been on the rise for weeks now and is going for more than $1000 an ounce. And if things continue this way, we may even see prices for twice that in the upcoming months. Of course with gold so valuable right now, those with it in their possession are thinking seriously about selling it. Just think about the old gold jewelry sitting in your jewelry box collecting dust. Wouldn’t you love to turn it into cash? Of course you would, but how much should you get for it?
Since the cash for gold business is booming, there are a lot of gold buyers eagerly waiting for you to turn your gold into cash. They will take just about any kind of scrap gold that you have but example might include: broken necklaces where more than just the clasp or single link is missing, a single earring where the other is missing, out of style bulky gold chains, or just any other gold jewelry you don’t wear anymore. Any of this type of scrap gold can be used to turn into cash which you can then use however you’d like. And this stuff doesn’t even have to be broken. It can just be jewelry you don’t wear anymore like a class ring. Think about this – if you never even take it out of the box anymore, any price is a good price.
Of the best ways to sell your gold for cash is to look for a reputable gold buyer with a reputation verified by the Better Business Bureau. Most gold buyers will first send you a gold kit with which you can mail in your gold items. Then it’s just a matter of deciding what you want to sell to them. If you do a quick search around the house before you seal up the kit make sure you don’t have any gold hidden away. Gold is in more than just jewelry so you may have to do a thorough search. When they finally receive your gold jewelry they will appraise it and either mail you a check with their offer amount or just send you a notice detailing their offer. At that point you can either accept or reject it. And if you reject it you can just go about the process again and find another gold buyer that is reputable.
Let’s look at a few factors that will impact the amount of cash offered for your gold. Pure gold may be close to $1000/ounce but jewelry is almost never pure gold because pure gold is too soft for jewelry making. Depending on pure your gold is will depend on how much an ounce gold buyers will pay you. Another issue is that the price of gold fluctuates minute to minute like the stock market. Your offer price will not change minute to minute but it is easy for it to change from day to day depending on the gold market. Some gold buyers may let you lock in a price when you contact them but if the price goes up then you lose out.
Hank writes articles on a website where he teaches people about cash for gold scams and how to find the best gold buyers out there. If you want to learn more about selling gold for cash visit his site.
Tags: Business, cash for gold, economics, finance, gold, Home, Jewelry, money, sell gold, wealth
Posted in Jewelry · November 15th, 2009 · Comments (0)