theirstaxblog.com

You will find that there is no more appropriate time than now for you to sell gold jewelry. Would you know why? Unless you have not heard, you have been hiding in a cave somewhere, or you have been too preoccupied sulking due to all of the bleak news in the economy nowadays to listen to the good news, the price of gold is on a meteoric rise at the present, valued at well over one grand per ounce. That's right, you read correctly: You should be selling gold jewelry now because it is worth well over ,000 per ounce!

Gold has been constantly rising over the last ten years, averaging well above 20% per annum, the only exception being a 5.6 percent decline in 2008. Even in the 2009, gold has managed to recover from the global economic recession and climb back up again already, at a 23 percent increase from year 2008 levels!

So what does that mean to owners of gold? It tells you that while cyclical bubbles and busts, and the rise and fall of the dot coms, the boom and bust of real estate, the near-collapse 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 throughout this entire time has been none other than gold.

So if you have been holding onto gold for a long time, now would be a great time to sell it, if you are hard up for some cash as a result of this recession that we have just been through.

So where should you be selling gold jewelry? Who should we be selling gold jewelry to? And how can one be certain that you redeem the highest price?

These are all very good questions. The answer is two-fold:

1. Avoid selling your gold to a retail store, at a pawn-shop, or a jewelry exchange. Realistically any type of direct-to-consumer retail operation is a poor idea. Why is that the case? Because retail stores are in the business of flipping gold. They need to obtain gold from you for the purposes of of reselling it immediately, while earning a profit during the process. They are basically gold brokers who are looking to earn commissions using the old "buy low and sell high" strategy. So it is quit obvious, that they would be be faced with narrow margins of profit and would not be able to offer you the price that you would like.

2. You ought to be selling your gold directly to a refinery of gold. Why is this the case? It is because a refinery of gold is in the business of obtaining gold, melting it, and redistributing the raw gold to other businesses. There is no middle man. There is no flipping gold for profit. They can offer you a superior price for your gold since the margin of profit in this particular situation is much greater. Thus it makes for a win-win solution that makes happy both you and the refinery.

Gold is a rock solid investment vehicle, and has remained so while at the same time we have seen the boom and bust of the dot coms, the housing bubble, the stock market crash of the year 2008, and the decline of the US dollar. So there is no better time than the present to be selling gold jewelry

Tags: cash, cash 4 gold, cash for gold, gold, jewelry, money, sell jewelry, selling jewelry, silver