Selling jewellery is generally a spur of the moment decision when money is tight or we discover jewellery in our collections we are able to part with. Few ever know how exactly to go about it beforehand so we thought we would provide some timeless tips on selling personal jewellery.
The value of gold generally fluctuates in ways that are favourable to a well-prepared investor much unlike global money markets with inflation, interest, and sliding scales.
In times of financial stability is when gold shines with the most lustre and as with any investment strategy, circumstances eventually line up and for one reason or another and everyone cashes out.
But how do you just sell gold jewellery? Here are a few pointers if you are looking to visit any of Australia’s #1 gold dealers to make some money on jewellery you no longer want to have in your personal collection.
1. Do Not Rush
If you are going to sell your gold jewellery, do not be in any hurry. In order to get a proper market value for your precious metal, you’ll need to do a bit of research and shop around for the best gold price.
On rare occasions you will find a one-stop-shop that take into consideration the going market value and give you a fair deal. Follow you instincts.
2. Get a Valuation First
Before you start looking for cash-to-gold shops, have your jewellery evaluated by a professional (who has no motive to lower it in order to buy from you). This will give you an idea of what ball-park you’re in. Additional diamonds or intricate handiwork could propel the value higher.
3. Don’t Take the First Offer
Keep on shopping and when you do consider an offer, this is one of those real life obligatory awkward moments where you must haggle. Some people find it easier to act like they’re in a hurry but it's better to be nice, but firm.
4. Look Online
Yes, you can buy and sell gold reliably online. Thanks to customer feedback, reliability ratings offer some level of assurance for either party within any given transaction. Start with sites like eBay, and go from there!
How’s life? Are the cities all full of happy people living happy lives? How is the environment? National debt? Any civil or global unrest or war?
Take all of these things into account when buying and selling gold in any time of crisis whether political, economic, environmental, or a random act of God.
In times of crisis the value of gold goes up. In time of a collapsing currency, the same thing happens. Buy low, sell high.
* This post was contributed by Media Buzzer