You will find that there is no more appropriate time than the present to sell gold jewelry. Would you want to know why? Unless you have not heard the news, you have been hiding someplace, or you’ve been too preoccupied sulking due to all of the bad news pertaining to the state of the economy nowadays to pay attention to the good news, the price of gold is rising 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 on a consistent rise over the past several, climbing well above 20 percent annually, with the sole exception being a 5.6% loss in 2008. Even in the 2009, gold managed to rebound from the global economic crisis and climb back up again already, at a 23 percent increase from year 2008 levels!

So what does this mean to you? It means that despite cyclical boom 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 altogether risky investment vehicles, the only stable investment vehicle during 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 cash it in, if you are hard up for some cash as a result of this economic recession that we have just been through.

So where should you be selling gold jewelry? Who should you be selling gold jewelry to? And how can we be sure that you earn the best price?

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

1. You should avoid selling your gold to a retail store, a pawn-shop, or a jewelry exchange. Basically any type of direct-to-consumer retail store is not a good idea. Why? Because these stores are in in business for buying and reselling gold. They want to obtain gold from you for the purposes of of reselling it right away, and earning money during the process. They basically are gold brokerages and look to earn a commission using the classic “”buy low to sell high” strategy. So quite naturally, that they are be faced with narrow profit margins and wouldn’t be able to offer you the price that you would be happy with.

2. You should be selling your gold directly to a gold refinery. Why is this the case? Because a gold refinery does business by acquiring gold, melting it down, and remanufacturing the raw material to other businesses. There exists no broker. There is no flipping gold involved. They are able to offer a better price for your gold due to the fact that the profit margin in this particular situation is greater. Therefore it creates a win-win solution that satisfies both you and the refinery.

Gold is a stable investment, and has continued to remain so while at the same time we have born witness to the boom and bust of the dot coms, the housing bubble, the stock market crash of the year 2008, and the decline of the dollar. So now is the best time to be selling gold jewelry

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Jewelry