You should know that it is no longer the question of if you should sell your gold, but where to sell gold. The price of gold has reached an all-time high at this moment. Real estate, the stock market, and the US dollar have proven many times over that they are not as dependable as we once predicted that they would be. But then there is gold. Gold has always been, continues to be, and will always remain a rock solid investment, for as long as people continue to value gold, in the inevitable future.
So the motivating factor of where to sell gold depends upon where you can get the most competitive offer for it. The last thing you want to do is sell your gold to someshrewd pawn shop or jewellery exchange that would swindle you out of the true value of your trade-in. At the end of the day, even a jewellery retailer needs to make a buck too, right? After all, a retailer is going to basically take your gold and attempt to resell it… the old buy low, sell high tactic. It’s his job to pay as less as possible for your gold so that he can flip the same item for as high as possible, to make a profit.
The ideal location for selling gold jewellery is to a gold refinery. Why? Because they will 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 take your product and resell it. They are essentially a wholesale distributor of raw gold. There is no middle-man, therefore the profit margins are much higher, and therefore they can afford to offer you maximum cash for your gold.
In fact, you can expect to get about three hundred percent more for your gold through gold refineries than you would if you were to sell it at retail.
The icing on the cake is that these companies are haggle-free. They offer a rapid estimate and issue payment to you expediently. You don’t have to fear being cheated, because you aren’t. You are getting the highest payout possible, while still leaving room for the refinery to profit as well.
So it really is best to do your homework before you make a decision about who to sell it to. Just makesure that you are not dealing with some gold “dealership”. Just be sure you are not giving your gold to some shady business that is out there to take your jewellery and run.
If you own gold, then you should know that you actually retain the upper hand in any negotiation. Gold is a scarce resource. You have something that THEY want. They want your gold. So you should not settle for what pittance they are only willing to give you. You need know the true worth of your gold.
And that is what makes the refinery the best placefor selling gold jewellery