Gold is a good investment. Much like a stock or bond, the price of gold fluctuates daily. Over the past month the gold price performance has risen 2.38%, which may not seem like much, but over the past year it’s risen more than 12%! And over the past five years, it has risen – get this – 159%! What does all this mean? That if you need cash and you have gold, there’s no better time to sell than now!
Yes, you can get a lot of cash for gold these days. If you want to sell gold in NYC. there’s no better place than www.JewelryScrappers.com. These guys pay the most cash for gold around! Of course, it depends on what kind of gold you have -10 karat gold is only 41% pure. 14kt is 58% pure, 18kt is 75% pure, 22kt is 91% pure and 24 kt is 100% pure. This means that the value of your gold, depending on its karatage, accords with the price of gold at the end of the day. For example, if gold is trading at $1000 dollars at the end of the day and you have 18 kt gold to sell, its value is $750. So follow the gold market like you would the stock market to determine when you want to sell, sell, sell!
