It’s no longer a question of if you should sell your gold, but where to sell gold. The price of gold is at an all-time high right now, as of this writing. Real estate, the stock market, and the US dollar have proven numerous times that they are not as solid as we once projected that they would be. Gold, on the other hand, has been,is, and will continue to be a rock solid investment, for the long-haul, in the guaranteed future.
So the driving factor of where to sell gold depends upon where you can get the best offer for it. The one thing you don’t want to do is give your gold to somethrifty pawn shop or jewelry exchange that might deceive you out of the real value of your trade-in. Besides, even a jeweler needs to make money too, right? After all, a retailer is going to basically take your gold and try to flip it… the old buy low, sell high tactic. It’s his job to pay as little as possible for your gold so that he can flip the same item for as much as he can, to make a profit.
The ideal place where to sell gold jewelry is directly to a gold refinery. Why? Because they will take your gold and melt it down, and repurpose it as appropriate. Gold refineries are not in the business of retailing. They don’t resell gold items. They are really a wholesale distributor of gold raw material. There is no middle-man, hence the profit margins are higher, and therefore they can afford to offer you maximum compensation for your gold.
The reality is, you can expect to earn as much as 300% more for your gold through a gold refinery than you might if you were to sell it at retail.
The advantage 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 swindled, because you won’t. You are getting the highest payout possible, while still allowing for the refinery to make a profit too.
So it really is appropriate to do your homework before you make a decision about where to sell it. Make sure that you are not dealing with some gold “dealership”. Just be sure you aren’t giving up your gold to some shady business that is out there to take your jewelry and run.
If you own gold, then you should know that you actually hold the upper hand in any situation that requires negotiation. Gold is a finite commodity. You have something that THEY want. They want your gold. So don’t settle for what pittance they are only willing to give you. You need know the true worth of your gold.
That is what makes a metal refinery the ultimate place to sell gold