People may decide to sell gold at different times, for different reasons, but it’s best to take advantage of rising gold prices and sell when the going is good. Those who wait and only get cash for gold when immediate cash flow is needed often end up making much less than they could at a more opportune time. Sometimes, gold sellers even come out with a loss if they waited to sell when they had to. The best time to sell gold is when gold prices are high, and that time is now. Market analysts agree that eventually something will give, and gold prices will fall again. It’s best to take advantage of the high gold prices while they last.
Silver is also on a rising trend that will have to break eventually. The price of silver has now hit a thirty-year high. This is also the seventh consecutive year that silver has hit a record high. All the signs show that prices will have to drop soon, and when that happens, the value of old or scrap silver will greatly decrease. Now is the best time to get cash for silver, gold, platinum, and other precious metals.
Getting cash for gold can be fast and easy. There are numerous online gold buyers who will buy old gold for cash. It is imperative to research the site’s credentials and ensure their validity before one decides to sell gold. Also, consumers should check current gold prices to ensure that they are receiving adequate cash for gold based on the current gold price. At the current high, gold can be sold for a considerable amount of cash. All it takes is to be an educated consumer. Gold sellers must also take into account that gold jewelry is usually not pure gold. Jeweler Mark Rich explains that the percentage of gold in a jewelry item depends on its karat value. Ten karat gold is 41 percent pure, 14 karat is 58 percent pure and 18 karat gold is 75 percent pure. Profit will be deducted based on the karat value, and some commission for the middleman between seller and the one melting the gold down, if there is one. A plus of selling gold online is that the middleman is eliminated. The buyer is himself a gold refiner, and the seller is allowed a greater profit.
With the sharp rise of gold’s value, there’s never been a better time to sell gold, silver, and other precious metals for cash. It doesn’t take a market-watcher or economist to do the numbers. Anyone who owns scrap jewelry or precious metals can sell gold for profit with today’s high gold prices.
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