Having Fun Inc Blog

There is no better time than now to be selling gold jewelry. Do you know why? In case you have not heard, you’ve been hiding somewhere, or you’ve been preoccupied obsessing due to all of the bad news pertaining to the state of the economy nowadays to listen to the good news, the price of gold is ever increasing as of this writing, valued at well over one grand per ounce. That is correct, you didn’t misread: You should be selling gold jewelry now due to the fact that it is valued at well over one grand per ounce!Gold has been consistently over the last couple of decades, climbing well above 20% every year, the only exception being a five percent loss in 2008. Even in the 2009, gold managed to rebound from the global economic recession and rebound already, at a 23% increase from year 2008 levels!So what does that mean to owners of gold? It tells you that while the cyclical bubbles and busts, and the rise and decline of the dot coms, the boom and bust of real estate, the decline of the stock market, and the decline of the US dollar, have all proven to be extremely volatile investments, the only stable investment throughout this entire period has been gold.So if you have been in possession of gold for a long time, now would be a perfect 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 should we be selling gold jewelry? Whom should we be selling gold jewelry to? How can you be certain that you earn the highest price?These are all extremely good questions. The answer is two-fold:1. You should avoid selling your gold to a retail operation, a pawn-shop, or jewelry exchange. Basically any type of consumer retail operation is a bad idea. Why is that the case? This is because these stores are in in business for buying and reselling gold. They want to obtain gold from you for the purposes of of reselling it right away, while earning a profit during the process. They are basically gold brokerages who are looking to earn commissions using the classic buy low and sell high plan. So it is quite natural, that they would be be faced with narrow profit margins and would not be able to offer you the price that you would like.2. You should be reselling your gold directly to a refinery of gold. Why? It is because a refinery of gold is in the business of obtaining gold, melting it down, and redistributing the raw material to other businesses. There is no middle man. There is no flipping gold for profit. They can offer a much better price for your gold since the profit margin in this particular situation is higher. Thus it creates a win-win solution that satisfies both the refinery and you.Gold is a rock solid investment vehicle, and has continued to remain so while we have observed the boom and bust of the dot coms, the housing bubble and burst, the market crash of 2008, and the devaluation of the dollar. So now is a better time than any to be selling gold jewelry