subject: Don't Buy Gold - Sell It [print this page] Think twice before you buy gold in this unbelievable high gold economy that we are in right now. How about selling gold jewelry? I will get to that in a minute. Unless you have been just completely out of touch with the real world, you are aware that the value of gold is at a record high. But be careful about all of the hoopla surrounding the market of this precious commodity. Why, because this is simply the very worst time to be investing into gold.
Unless you are wanting to propose to your significant other, it is a terrible time to be buying gold. Why? Because if you buy gold now, it could be years before the gold market moves significantly higher before you see a profit.
If you have some significant funds to invest, you may be able to time the gold market just right and buy it on a temporary slump in price. But most of us every day folks don't have a whole lot of money just laying around waiting to invest into something. Smart investors may think about buying into a gold exchange traded fund, but I suggest that you leave that type of investing to the pros.
For most of us, the best way to get into this exciting gold economy is to sell your unwanted or used gold jewelry that you never wear anymore. You probably have lots of jewelry just collecting dust waiting to be sold. You haven't worn that old stuff in years, right? So why not sell it so you can make a few extra dollars.
Where is the best place for the average everyday person to sell their gold jewelry without getting ripped off?
Have you ever heard of online gold buyers? They simply offer the most money for your gold because they are gold refineries. Their process is very simple and you won't have to sweat over the details.
