Four Reasons for the Rise in Selling Gold Online

It’s a fact that more people are selling their gold online than ever before, but why? There are a number of interesting factors that have led to the rise in selling gold online that have taken the industry to new heights over course of the past couple of years.

• An unstable stock market. Good, hard-working people have seen their “sure fire” investments in stocks and bonds lose a good portion of their value in the past year. With so much turmoil surrounding the stock market, gold has become a go-to commodity for those who need money. This has, consequently, led to growth in selling gold online.
• Technology advances. Secure, fast and easy transactions on the web have become so commonplace that most people don’t give a second thought to doing business such as gold sales online, from the comfort of their home.
• News media. There has been a lot of news coverage about selling gold online and people's attention was drawn to the service, which has helped grow the business of reputable dealers across the United States.
• Speed. The best online gold buyers in New York, Los Angeles and other major metropolitan areas can turn around a gold sale quite quickly. Once the individual seller has packaged the material and sent it in to the dealer, it may take as little as a few days to get an appraisal and then a check. This increased transaction speed has helped bring many new customers into the fold.

For New York’s best gold sales, work with Global Gold and Silver! At www.jewelryscrappers.com, you’ll get all the information you need to sell your valuables – without leaving the house!

Sell now or wait for later – the inevitable gold value question

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