Carnopolis Blog
Welcome to Carnopolis
Sell Gold Jewelry – Reasons Why Now Is The Idea Chance To Cash In your gold,silver or platinum jewelry
January 24th, 2010 by admin
You will find that there’s no better time than now to be selling gold jewelry. Do you want to know why? In case you have not heard, you’ve been hiding somewhere, or you’ve been preoccupied sulking over all of the negative news pertaining to the economy nowadays to listen to the good news, the price of gold is on a rise right now, worth well above one thousand dollars per ounce. That is correct, you read correctly: You should be selling gold jewelry now due to the fact that it is worth well over one thousand dollars per ounce!Gold has been on a consistent rise over the last ten years, averaging well above 20% annually, with the sole exception being a 5.6 percent decline in the year 2008. Even in the year 2009, gold has managed to recover from the global economic recession and rebound already, at a 23% increase from 2008 levels!So what does this mean? It tells you that while cyclical boom and busts, and the rise and decline of the dot coms, the rise and fall of real estate, the near-collapse of the stock market, and the decline of the US dollar, all have proven to be altogether risky investment vehicles, the only stable investment during this entire period has been gold.So if you have been holding onto gold for a long time, now would be a perfect time to sell it, if you are in need of some extra cash due to this global economic recession that we have just been through.So where ought we be selling gold jewelry? To whom should we be selling gold jewelry to? How can we be certain that you earn the highest amount?These are all extremely important questions. There are two parts to the answer:1. You should avoid giving your gold to a retail shop, at a pawn-shop, or a jewelry exchange. Realistically any type of direct-to-consumer retail shop is a terrible idea. Why? Because these stores are in the business of flipping gold. They wish to purchase gold from you for the purposes of of reselling it straight away, and earning a profit in the process. They essentially gold brokers and seek to earn a commission using the old buy low to sell high plan. So obviously, they would be be facing narrow profit margins and would not be able to offer you as much as you would be happy with.2. You should be reselling your gold to a refinery of gold. Why is this the case? It is because a refinery of gold does business by obtaining gold, melting it, 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 a more competitive price for your gold since the profit margin in this particular situation is wider. Therefore it creates a win-win solution that satisfies both you and the refinery.Gold is a stable investment vehicle, and has continued to remain so while at the same time we have observed the rise and fall of the dot coms, the housing bubble and burst, the market crash of the year 2008, and the decline of the dollar. So there is no better time than the present to sell gold jewelry