Glyco Boy Blog

There’s no more opportune time than now to be selling gold jewelry. Would you want to know why? Unless you haven’t heard, you’ve been hiding in a cave someplace, or you’ve been preoccupied with obsessing due to all of the negative news in the state of the economy nowadays to listen to the good news, the price of gold is on a meteoric rise at the present, worth well over one grand per ounce. That is correct, you read correctly: You ought to be selling gold jewelry right now due to the fact that it is worth well over one grand per ounce!Gold has been consistently over the past ten years, averaging well above twenty percent per annum, the only exception being a 5.6 percent loss in the year 2008. Even in the year 2009, gold has managed to recover from the recession and climb back up again already, at a 23 percent increase from its 2008 levels!So what does that mean to owners of gold? It means that while the cyclical bubbles and busts, and the rise and fall of the dot coms, the rise and fall of real estate, the near-collapse of the stock market, and the devaluation of the US dollar, have all proven to be extremely volatile investments, the only stable investment through this entire time has been gold.So if you have been in possession of gold for a long time, now would be a perfect time to cash in on it, if you are hard up for some extra cash as a result of this recession that we have just been through.So where ought you be selling gold jewelry? Whom should you be selling gold jewelry to? How can we be sure that you get the most lucrative value?These are all very good questions. There are two parts to the answer:1. Avoid giving your gold to a retail operation, at a pawn-shop, or jewelry exchange. Really any type of consumer retail operation is a bad idea. Why is that the case? Because they are in the business of flipping gold. They want to buy gold from you with the intention of reselling it immediately, and earning money during the process. They basically are gold brokerages who are looking to earn a commission using the classic buy low and sell high strategy. So obviously, that they would be be up against tight margins of profit and would not be open to offer you as much as you would be happy with.2. You should be reselling your gold to a gold refinery. Why? Because a gold refinery is in the business of obtaining gold, melting it down, and redistributing the raw gold to other companies. There exists no middle man. There is no flipping gold involved. They can offer a more competitive price for your gold because the profit margin in this type of situation is higher. Thus it creates a winning solution that makes happy both you and the refinery.Gold remains a stable investment, and has remained so while at the same time we have seen the rise and fall of the dot coms, the housing bubble, the market crash of the year 2008, and the devaluation of the dollar. So there is no better time than the present to be selling gold jewelry