Tara Y Cot Blog

There’s no more appropriate time than now to be selling gold jewelry. Would you want to know why? In case you have not heard the news, you have been hiding somewhere, or you have been too busy with obsessing over all of the bleak news pertaining to the state of the economy these days to pay attention to the good news, the price of gold is rising at the present, valued at well over one grand per ounce. That’s right, you read correctly: You ought to be selling gold jewelry right now because it is valued at well over one grand per ounce!Gold has been constantly rising over the last several, hovering well above 20 percent annually, with the only exception being a 5.6 percent decline in the year 2008. Even in the 2009, gold has managed to rebound from the recession and rebound already, at a 23 percent increase from 2008 levels!So what does that tell you? It means that while the cyclical bubbles 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 volatile investments, the only stable investment vehicle during this entire period 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 in need of some money as a result of this economic recession that we have just been through.So where ought we be selling gold jewelry? Whom should we be selling gold jewelry to? How can we be sure that you get the most lucrative amount?These are all extremely good questions. The answer is two-fold:1. You should avoid giving your gold to a retail store, a pawn-shop, or a jewelry exchange. Essentially any type of customer-focused retail store is not a good idea. Why is this the case? Because these stores are in in business for flipping gold. They need to obtain gold from you for the purposes of of reselling it straight away, and earning money in the process. They are basically gold brokerages and are seeking to earn commissions using the classic buy low and sell high strategy. So it is quite natural, that they would be be faced with 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 gold refinery. Why? It is because a gold refinery is in the business of obtaining gold, melting it down, and redistributing the raw gold to other businesses. There is no middle man. There is no flipping gold for profit. They can offer a superior price for your gold because the margin of profit in this particular situation is much greater. So it makes for a winning solution that makes happy both you and the refinery.Gold remains a stable investment vehicle, and has continued to remain so all the while that we have observed the rise and fall of the dot coms, the real estate bubble and burst, the market crash of the year 2008, and the decline of the dollar. So now is the best time to sell gold jewelry