AP Passion at a String Blog

Sell Gold Jewelry – Why Now Is The Perfect Time To Cash In On your gold,silver or platinum jewelry

There is no more appropriate time than the present for you to sell gold jewelry. Would you know why? In case you haven’t heard the news, you have been hiding in a cave someplace, or you have been preoccupied with obsessing due to all of the negative news about the state of the economy these days to pay attention to the good news, the price of gold is on a meteoric rise as of this writing, worth well over a grand per ounce. That is correct, you read correctly: You ought to be selling gold jewelry now because it is worth well over a grand per ounce!Gold has been consistently over the past decade, hovering well above twenty percent annually, with the sole exception being a five percent loss in 2008. Even in the 2009, gold managed to rebound from the recession and rebound already, at a 23% increase from 2008 levels!So what does this mean? It tells you that despite 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 devaluation of the US dollar, all have proven to be altogether volatile investments, the only stable investment vehicle throughout this entire period has been none other than gold.So if you have been in possession of gold for a long time, now would be a perfect time to sell it, if you are hard up for some cash as a result of this economic recession that we have just been through.So where ought you be selling gold jewelry? To whom should you be selling gold jewelry to? And how can we be sure that you earn the best price?These are all very good questions. The answer is two-fold:1. You should avoid selling gold jewelry to a retail store, at a pawn-shop, or a jewelry exchange. Really any type of direct-to-consumer retail operation is not a good idea. Why? Because retail stores are in in business for flipping gold. They desire to procure gold from you with the intention of reselling it right away, and earning a profit during the process. They basically are gold brokers who wish to earn a commission using the old buy low and sell high strategy. So obviously, they would be be up against tight margins of profit and wouldn’t be able to offer you the price that you would be happy with.2. You really should be selling your gold to a gold refinery. Why is this the case? Because a gold refinery is in the business of obtaining gold, melting it down, and redistributing the gold raw material to other businesses. There exists no middle man. There is no flipping gold involved. They can offer a more competitive price for your gold because the profit margin in this type of situation is greater. So it creates a win-win solution that makes happy both you and the refinery.Gold is a solid investment vehicle, and has continued to remain so all the while that we have born witness to the boom and bust of the dot coms, the real estate bubble and burst, the market crash of 2008, and the decline of the US dollar. So now is the best time to be selling gold jewelry