Right now, the gold market is truly a seller’s market. To learn why now is the time to sell your gold, read on:
The Demand Is Insatiable
Right now is an excellent time to sell your gold, because the demand is huge and the price is high. Investors are panicking because of the global financial crisis and its continuing ramifications, so they’re turning to solid investments that will always have value such as precious metals, especially gold. To keep pace with the demand for gold, refiners are snatching up old jewelry, coins, and even dental work, because it’s much easier and cheaper to melt down existing gold than it is to mine new gold. Even five years ago, the broken necklaces in your jewelry box or the old fillings you had wouldn’t have been of much interest to a gold buyer, but now that demand is high, gold buyers will pay you well for them.
Sell, Don’t Buy
If selling your gold is such a great idea, then why isn’t buying gold or holding onto it an even better one? The answer is simple: This market won’t last, and you can’t predict when prices will fall. If you start buying gold, then you’ll be buying it at a high price and won’t make much profit when you sell it. In fact, the market may falter and you’ll actually lose money. The market’s volatility is also the reason why you shouldn’t hold on to your gold, hoping for a better price. It’s possible that you’ll make more if you sell a week later, but it’s equally possible that you’ll make a lot less. Go with the guaranteed profit instead of the gamble.
If you’re interested in getting cash for your gold, then get in touch with JS Gold & Coin. We are a respected gold, silver, coin, and jewelry buyer. For more information about our Cincinnati locations, call (513) 205-2682.