Who doesn’t love making a good solid investment? Gold is the safest investment opportunity you can make these days. I am sure you have heard about the recent rise and fall of the value of gold. This may have you wondering when would be the right time to sell and get cash for gold.
The price of gold is amazingly stable unlike other types of investments. Of course just like other investments, gold will have a rise and fall in the market that no one, not even the “experts” can predict. However, since 2007, gold has maintained a per ounce price at the $700 to $1900 range. The price of gold will vary with the rise and fall of the value of the dollar. One simple way to predict the rise of gold is when the Federal Reserve prints more money. When this happens, the value of gold will rise. The price of gold will also go up when the stock market goes down. This tends to make investors collect gold since it is a more secure and stable investment. This, in turn, will raise the price of gold.
The weight and karat value will also determine how much money you can expect in return for your gold. Be sure to separate your fine jewelry by karat weight and have your items weighed accordingly. Be sure to have the professional dealer pay you by the gram and not by pennyweight. Weigh by grams will give you more in return for your investment.
In the long run, the best time to sell gold is when you need money. As stated, the price of gold is stable. Whenever you decide to take the step and sell your gold, you can be sure you will be getting the best dollar value for your investment.
The price of gold is amazingly stable unlike other types of investments. Of course just like other investments, gold will have a rise and fall in the market that no one, not even the “experts” can predict. However, since 2007, gold has maintained a per ounce price at the $700 to $1900 range. The price of gold will vary with the rise and fall of the value of the dollar. One simple way to predict the rise of gold is when the Federal Reserve prints more money. When this happens, the value of gold will rise. The price of gold will also go up when the stock market goes down. This tends to make investors collect gold since it is a more secure and stable investment. This, in turn, will raise the price of gold.
The weight and karat value will also determine how much money you can expect in return for your gold. Be sure to separate your fine jewelry by karat weight and have your items weighed accordingly. Be sure to have the professional dealer pay you by the gram and not by pennyweight. Weigh by grams will give you more in return for your investment.
In the long run, the best time to sell gold is when you need money. As stated, the price of gold is stable. Whenever you decide to take the step and sell your gold, you can be sure you will be getting the best dollar value for your investment.