Many people choose to save their gold jewelry for a rainy day, while others have never even considered selling it to bring in some extra cash. But if you are one of those people who have a jewelry box full of gold baubles you’ll never wear, you are ignoring what could be a very profitable situation.
It’s a Gold Year
Gold had a bit of a rough year in 2015 when it dropped to a little over $1000 per ounce. But this year, the yellow metal is holding strong, with prices currently hovering around $1350 per ounce. Unfortunately, no one can be sure how long that price will hold steady, so if you are considering selling your gold or need an infusion of cash, now is a great time to do it.
Don’t Horde the Gold
Hanging on to that old gold watch or necklace for another year or two won’t guarantee that you’ll get a higher price later. Why not find out where to sell gold or sell gold bullion and see how much money you could make by trading in that mound of gold jewelry for some spendable green cash?
Dollar Falls, Gold Rises
Gold is less likely to be affected by the ups-and-downs of business cycles, but, as history shows, it tends to be stronger during wars and other social catastrophes. History tells us that when the value of the U.S. dollar falls, the price of precious metals like gold rises. No one can predict the next world catastrophe, however, so take advantage of the current higher prices being offered for gold.
Maximize the Value
Seek out a reputable dealer who will determine your gold’s weight and purity, then offer you a price based upon its value. Gold selling is a great way to add some much needed funds to your bank account, treat yourself to a vacation, or buy that new electronic device you’ve had your eye on.