Saturday, February 4, 2012

When Should I Sell My Gold?


A client came in to the showroom recently and said, “I sold you some of my gold jewelry a few years ago and it was at $800 an ounce. Today I see from your website that it’s at $1,700 an ounce. Boy, I wish I’d waited!” You might think she was right to wish she had held on to her gold a little longer. But we told her, “If you think you got the best deal on your gold at that time, and the cash you received was what you needed, you shouldn’t feel bad that you didn’t hold on to it longer.”

It’s true that gold prices are high right now, up almost 600 percent over the past ten years. The uncertain economy has a lot to do with that. Clients ask us whether prices will rise even higher. We post the most current precious metals prices right on our website, but we don’t have a crystal ball or a time travel machine. We can’t tell you if gold will be worth more or less in a few months or next year. But if you need money now and you have unwanted gold jewelry to sell, we guarantee you the best price you can get in the current market, and you’ll have the cash in hand you need. That’s a pretty good deal.

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