Ashley Woods Blog Site

You will find that there’s no better time than now to sell gold jewelry. Would you know why? In case you have not heard, you’ve been lost on a desert island somewhere, or you’ve been preoccupied getting depressed over all of the bad news about the state of the economy these days to listen to the good news, the price of gold is on a meteoric rise as of this writing, valued at well above $1,000 per ounce. That’s right, you read correctly: You should be selling gold jewelry right now due to the fact that it is valued at well over $1,000 per ounce!Gold has been consistently over the last ten years, climbing well above 20% each year, the only exception being a 5.6% loss in the year 2008. Even in the 2009, gold has managed to recover from the global economic crisis and rebound already, at a 23 percent increase from year 2008 levels!So what does that tell you? 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, have all proven to be altogether risky investments, the only stable investment throughout this entire time has been none other than gold.So if you have been holding onto gold for some time, now would be a good 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 should we be selling gold jewelry? Whom should we be selling gold jewelry to? How can one be certain that you earn the highest price?These are all extremely good questions. The answer is two-fold:1. You should avoid giving gold jewelry to a retail shop, at a pawn-shop, at a jewelry exchange. Essentially any type of customer-focused retail shop is not a good idea. Why is this the case? This is because these stores are in the business of buying and reselling gold. They need to procure gold from you for the purpose of of reselling it right away, and earning a profit during the process. They essentially gold brokers who seek to earn a commission using the classic buy low and sell high plan. So quite naturally, they are be facing narrow margins of profit and wouldn’t be open to offer you as much as you would like.2. You ought to be reselling your gold to a refinery of gold. Why? Because a refinery of gold does business by procuring gold, melting it, and redistributing the raw gold to other businesses. There exists no middle man. There is no flipping gold involved. They can offer a more competitive price for your gold due to the fact that the margin of profit in this particular situation is wider. Thus it makes for a win-win solution that makes happy both the refinery and you.Gold is a solid investment, and has remained so while we have born witness to the boom and bust of the dot coms, the housing bubble, the market crash of the year 2008, and the devaluation of the US dollar. So there is no better time than the present to be selling gold jewelry