Today, just about everyone who is even thinking about selling gold jewelry already knows that prices of gold are at all-time highs. However, we have found that many of our customers have no idea what causes these prices or how selling gold in this market actually works
As a commodity traded worldwide, the gold price is affected by several different factors. These include supply vs. demand; the value of the U.S. dollar; the decline or increase in gold production; the price of oil which competes with gold for investor dollars and many others. All this is evident right now during our economic crisis where the dollar is low and gold is at record highs. In general, it can be said that when the economy is weak, gold is strong and vice versa.
Most people have heard or used the idiom that describes something being worth its weight in gold. There’s a reason why gold was chosen and not something else: during good economic times or bad, gold is always considered valuable. One only needs to look at gold prices over the last few years to see that even though the economy hasn’t been doing so well, gold is as strong as it has ever been and is set to be valued at a record high in the near future. Many analysts even consider investing in gold to be a good way to hedge against other more risky investments.
What does that mean for you? If you have gold in your possession now, you could sell it and turn a handsome profit. Recent gold prices indicate that there has never been a better time than now to part with any old or unwanted jewelry. Although there are a number of different ways you can go about selling those items, the best one would be to host a gold party at your home or sending referrals to us, if you prefer to just sell your items to us directly, we will gladly assist you hassle free. Not only will you get fair market value for your jewelry, you’ll also get 10% commission on all sales as a bonus. With gold prices the way they are, you’re sure to add a lot of green to your wallet after such an event.
Keep in mind that you don’t have to sell your old or unwanted jewelry if you don’t want to. But if you don’t sell now, you’ll be missing out on a great opportunity that may have taken years to come to fruition. Gold prices tend to rise steadily, which means that the jewelry you’ve been holding onto all this time has been like a certificate of deposit. Since gold is close to being at a record high, now would be the perfect time to cash out. You’d be able to hit two birds with one stone; not only would you be getting rid of any old or unwanted items, you’d also be taking full advantage of favorable recent gold prices too.