Written by: Andrew Fabrikant
I have been asked many times how to sell gold jewelry and if this is the best time to sell. Everyone seems so obsessed with gold values. Will gold reach $2,000 or even $5,000? I cannot begin to guess. The question always seems to be, “Is now a good time to sell?”
My answer would be, absolutely, yes. I do not know if gold will go up or down from present values, but it is our opinion that the down side risk is greater than the upside risk at the moment. Playing the gold market is like any other market and I cannot predict the future.
How to sell your gold is a different question. The first thing I would remember is that you should not rush to sell gold. A difference of $50 an ounce will make a tremendous difference in the value of 14k or 18k gold jewelry. It is more important to take your time and make sure you are getting a fair percentage of the gold value.
This will depend upon how much gold you are selling and of course where you are selling it. If you have any further comments or questions please feel free to send them to me.