Saturday, September 12, 2009
$1,000.00 ounce Gold!!
When times are tough and unemployment rises, you take desperate measures to do anything you can to keep fed. Watching the Gold prices steadily rise and the dollar fall you can't help to dream of wanting to find gold to survive. I see television ads and newspaper clippings and other sources where you can take in your jewelry stash, or your prized watch from your grandfather, or any other object that has precious metal value and trade it in for cash. Well, don't forget my friend that they only give you "Spot" price which is less than what Gold is actually going for. "Spot" price is determined by how much Gold is in the object plus refineries fee, and other means it take to get the Gold. So....What do you do?? Well, there is a couple of ways to get more than "Spot" when selling Gold. First, you might want to sell it to an individual who collects Gold for various reasons. Second, try selling to a jewelry dealer (if you have Gold nuggets) which pay more than "Spot" price for a nugget that has it's own precious value. Third, if you are selling jewelry, you might want to have it appraised to see if it has value beyond the price of Gold for either rarity, or some other collectible status of the object. There is other ways to sell Gold, but the best thing is is to do your homework and research outfits before you sell. With the econimic downturn and falling of the dollar, having Gold is an envy because of it's stability. Gold has been around from the beginning and has caught the attention of man from generation to generation. Being tangible and solid Gold is scarce and hard to get, and this is the reason why it becomes more valuable. So, I suggest that if you have Gold or want to become a prospector and find some Gold, right now is the time to do it because Gold pushing $1,000.00 an ounce is pretty exciting. I wish you best of luck and hope you can benefit from the great prices of Gold in this time of hardship and turmoil.
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