The question will forever be “act now or wait for later?” When we plan to sell or buy, we always confront the inevitable issue. When we buy, let’s say electronics or gadgets, we always wonder if tomorrow might bring cheaper prices or better products. When we sell, we’re always afraid that in the future, the value of our possessions will rise.
Same goes for jewelry and gold. If you’re sitting on a small family goldmine you probably ask yourself whether you should you sell now or wait for gold value to rise?
Analyzing the gold market, we can say that for the last year, gold is trading around $900 per ounce, give or take. The highest rate was back in 2008 when an ounce of gold was trading for a $1000. Can these changes affect your gold’s value? Probably not.
Remember that the gold trade rate refers to the value of pure gold. Which means that a 10kt gold jewelry is only 41% pure. For every $50 per ounce change in gold prices, your 10kt jewelry value raises or drops by only a few dollars.
Remember that gold is in an all-time high and the prices are going to stay stable, or drop. If you are planning to sell - sell now.
if you have any more questions about selling your jewelry, please don’t hesitate to call Global Gold & Silver (800-610-9425) or visit us online at www.jewelryscrappers.com
