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Is Now the Time to Sell My Gold?

Investing
by Gold Linger on

When we did the research and wrote this short article it was a good time to sell gold but only if there was a desperate need for cash.  We also discovered that the price for broken and unwanted gold jewellery was more than double if sold to some reputable dealers.  So, in answer to the question:  Is now the to sell my gold?  We’d reply yes but only to some dealers.

We discovered that whereas some dealers were offering 40% of the price quoted by the Gold Index others were buying it at 87% of the same price.  Offering such low prices is not criminal but it must seem that way to people who were desperate for cash who later discovered that thy could have got twice what they were paid – and the rest.

For those who are not desperate for cash in exchange for their broken and unwanted gold jewellery now might not be the best time to sell.  This is because the price of gold (according to some gold price analysts) is set to continue to rise for at least another two years.

Gold Bullion Bar

Gold Bullion Bar

2 Responses
  • Ben44

    I would strongly suggest checking out the Silver and Gold Exchange before selling gold or silver to ANYONE. I did a great deal of research, online and offline, and learned a lot about this business. I checked pawn shops, jewelers, “gold parties”, hotel “buying events as well as the online buyers, including the “as seen on tv” guys. I found that the Silver and Gold Exchange paid more than anyone else I could find. I liked the fact that they post the prices they pay per gram (beware of the places that quote in pennyweight/DWT) on a live price chart at http://SilverAndGoldExchange.com I also checked out their Better Business Bureau report and found they have never had a single complaint as opposed to HUNDREDS of complaints some other companies have! I can recommend them 100%

  • Gold Linger

    Don’t you just hate it when your articles are abused by someone you don’t know from Adam?

    I’d check out companies in Birmingham Jewellery Quarter http://scrapgoldtraders.co.uk/ publish their price and that of their competitors. They are a gold old Brummy company. I’ve never heard of the Better Business Bureau and, accordingly, wouldn’t think to complain to them…

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