ReeHart – Blogging from the Heart

Posts Tagged ‘dollars’

It is no longer a question of if you should sell your gold, but where to sell gold. The price of gold has peaked at an all-time high right now. Real estate, the stock market, and the US dollar have proven time and again that they are not as profitable as we once believed that they would be. But gold, on the other hand has been,is, and will continue to be a rock solid investment, for a very long time, in the foreseeable future.

So the impetus of where to sell gold jewelry depends on where you can get the highest price for it. The worst thing you want to do is offer your gold to somesly pawn shop or jewelry exchange that would deceive you out of the true value of your products. Ultimately, even your local jewelry exchange needs to make money too, right? After all, a retailer is going to acquire your gold and attempt to flip it… the old buy low, sell high game. It’s his job to pay as little as possible for your gold so that he can resell the same item for as high as possible, to line his own pockets.

The best entity where to sell gold jewelry is to a gold refinery. Why? Because they are in the business to take your gold and melt it down, and sell it at wholesale or as as appropriate. Gold refineries are not in the retail business. They don’t resell gold items. They are really a wholesale distributor of raw gold. Because there is no middle-man, hence the profit margins are better, and therefore they can afford to offer you maximum compensation for your gold.

The reality is, you can expect to get about 300% more for your gold through one of these refineries than you might if you were to sell it at a retailer.

The advantage is that these companies are offer a haggle-free price. They offer a quick turn-around time and issue payment to you expediently. You don’t have to feel like you are being ripped off, because you won’t be. You are getting the best possible payout, while still leaving room for the refinery to profit as well.

So it really is best to do your investigation before you decide who to sell it to. Just makesure that you are not dealing with some gold “dealership”. Just be sure you are not giving away your gold to some shady here-today-gone-tomorrow business that is out there to take your jewelry and run.

If you own gold, then you should know that you actually are in a position of strength in any negotiation. Gold is a finite resource. You have something that THEY want. They want the gold that you have. So don’t settle for whatever pennies on the dollar they are only willing to offer you. You should know the true worth of your gold.

That is why the refinery is the ideal place where to sell gold jewelry