Investing In Gold And Silver For Capital Preservation And Appreciation

Selling Old Gold: Profitable and Environmentally Sensible

Selling old gold jewelry and items makes excellent sense from both a financial perspective and has the added bonus of being extremely "green".


Selling old gold jewelry and items makes excellent sense from both a financial perspective and has the added bonus of being extremely \”green\”.

Gold is trading at over $1,300 an ounce – an all-time high record. The reason for such a very high price for gold is simple; in times of severe economic recession, investors and national governments alike buy gold in increasing quantities. They see gold as being a \”safe\” investment which will not lose value when the stock markets are tumbling or the value of national currencies is under severe threat. Billions of dollars have been shifted from investing in stocks and shares and used to buy gold, at the same time, national governments have seen the need to support their economies by buying gold in order to maintain the value of their home currency to prevent runaway inflation and continue to encourage economic investment.

As soon as the economy starts to demonstrate positive signs of recovery, the money will be shifted from gold investments and moved back into stocks and shares. This means gold will be dumped on the market and the number of buyers will decline; this means the price of gold will fall and probably will fall dramatically. An improving economic environment also means that national governments are less likely to need to buy gold to support the economy which means there is even less demand for gold.

For those looking to sell gold jewelry and old valuables, now is an excellent time to sell because the price is so high and is becoming less attractive in terms of offering future growth prospects. If sellers wait to see if the economy is going to recover, they run the risk of a collapse in the gold price and their ability to take advantage of the profits they have locked up in their old gold.

It is also in times of recession that people should be looking to tighten their financial belts. Old gold delivers no value to a household\’s finances sitting in a draw and gathering dust. It is better to sell old gold items and use the money generated to pay down debts, especially expensive credit cards and high interest loan arrangements. Easing personal finances should be a higher priority than hoarding old gold which provides no benefit to you or your family.

Selling Old Gold is Environmentally Friendly

Mining gold ore is environmentally damaging on a grand scale!
Mining operations remove tons of earth in order to extract usable ore, and it takes tons of ore to be processed using highly toxic acids and chemicals, as well as huge amounts of electricity and water, before an ounce is produced.

New gold comes with a very high environmental cost, however old gold is still worth as much as gold freshly extracted from the ground; however the greatest part of the environmental price has already been paid. It is far less costly to the environment to refine your old gold items than it is to mine it from new.

Selling your old gold jewelry and valuables is simple and convenient, and it makes excellent sense for your finances and for your own impact on the environment.

The best online resource to Sell Gold Online can be found at http://www.refinity.com

categories: gold, finance, investing, sell gold

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