Tough Times Prompts More Gold Sales While Gold Price is High

March 22, 2009 | Gold Digger | Gold Selling Advice and Info 4 Comments

We recently reported about Gold Parties, where people can get together and sell their old gold jewelry to an appraiser for a percentage of its value. Now the Journal News of New York is reporting about jewellers who are setting up shop in a hotel for the weekend to get people to bring their old, broken gold jewelry in to sell to them for the value of the gold.

Jewelry Appraiser Gold Teeth Loupe Just as with the gold parties, all these appraisers do is take a profit for themselves and sell the gold to a refiner to be melted down. And again we have to ask, why not just mail the gold jewelery to Cash4Gold directly, and make all the profit yourself? Why give a percentage to a middleman when Cash4Gold will let you mail it to them for free?

The bigger story here is the reason why so many people are selling their jewelry – the economy is down but the price of gold is up – way up! In 2000 gold was only worth about $300/ounce, and today in 2009 it’s up to $953 per ounce! As the value of the dollar continues to drop Gold just keeps going up, which makes now the ideal time to sell your old gold jewelry!

It turns out there simply is no market for gold jewelry and fancy diamonds and jewels anymore. None of these appraisers are taking the jewelry and re-selling it in their store for a profit. All they are doing is selling it to a refiner to be melted down and sold as gold bars. So why give them a portion of your gold value? Just click here to request that Cash4Gold mails you a refiner’s kit and gives you a free estimate on what your old gold jewelry is worth, all at no risk and no cost to you! Do it now before the price of gold starts to drop …

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Tags: gold appraisers, gold bars, gold ounce, gold value, jewelry appraisers, my gold party, price of gold, refiners, sell gold

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4 Responses to “Tough Times Prompts More Gold Sales While Gold Price is High”

David from SEM labs on April 19th, 2009 11:21 am
How come Gordon Brown (PM of UK) just offloaded loads of gold on the cheap then? Seems like he just wants to force the UK into the Euro before he gets out of office.

Also, re. the price of gold. Gold hasn’t actually become more valuable, its just currencies have got weaker. If you compare how much oil you would get for gold 3 years ago and now it is virtually the same.

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Mark Testa from sell property on October 1st, 2009 9:52 am
I agree with you David, see the oil prices also drops down and goes up because of the weak US dollar.

But for anyone, if they purchased for instance any gold for $300 few years back and now if they get $600-$700, is that bad? I know inflation has also been a factor in it so all the prices are up as well. But yes Oil and Gold does get affected by the changes in currencies.
Bailey from Sell Gold on November 9th, 2009 8:25 am
With the prices of gold increasing on all almost daily basis we are sure to see some kind of fallout. Thanks.
Anthony from Outsourcing Sales on January 5th, 2010 1:19 pm
I think the price of gold will always be fairly high. This is a great time to take advantage if you have gold to sell.