Selling Gold - Considering Your Options  

Selling Gold - Considering Your Options

Let’s discuss gold. From 1975 to 2005 there was a gold jewelry explosion in the U.S.A. according to World Gold Council. Consumers bought more gold jewelry in those 30 years than any other time in history. Gold jewelry has always been an aspirational purchase and wearing it, a status symbol. But, wearing older gold jewelry has become unfashionable. And, unlike an older article of clothing which you might discard, old gold jewelry is often stuck away in a drawer for years. No one would intentionally throw out a piece of gold jewelry for everyone knows anything made of gold is worth something beyond its sentimental value. But, now may be a good time to reap the reward of having held onto that old gold.

Over the past 3 years the price of gold has risen dramatically reaching all time highs, and so has the value of your gold jewelry. If you are interested in realizing the value, in other words, selling your gold, now may be the very best time in history to do so.

Let's explore the different options that are available for you to achieve the highest price when selling gold jewelry. For the record and in the interest of full disclosure, GoldFellow is one of your choices and although I certainly would prefer you sold your gold to me, I recommend you do your homework before selecting any buyer.

Most people are not familiar with how and where to sell their gold jewelry. Internet Gold Buyers, Pawn Shops, Antique Dealers, Jewelers, and On-Line Auctions all want to purchase your gold. They will offer to pay you cash for gold.

But, to get a higher price, you must be better educated about the gold business.

For the most part, your gold jewelry is literally "worth its weight in gold". Unless your jewelry is a well known designer brand, expect to be paid only for the value of the gold content. The buyer’s motive is simply to melt the jewelry, refine the gold by removing the impurities and recycle the metal back to 24 karat or pure gold. The profit made by the buyer is the difference between the amount you were paid and the market value of the newly refined gold at the time it is sold to international banks and precious metals dealers.

Gold, platinum and silver are all referred to as precious metals. The prices of these metals changes daily and, since traded as commodities, they are priced the same throughout the world. You can find the daily closing prices in most financial pages of your local newspaper or online.

Article Source: http://www.upublish.info

About the Author:
Michael Gusky
Michael Gusky provides helpful industry insights into selling jewelry and information about the benefit of jewelry industry. To know more about GoldFellow, Selling gold jewelry gold selling today visit www.goldfellow.com

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