Do Not Sell Your Gold Jewelry Yet!

Whatever you do, do not sell your Gold Jewelry yet. Not any of it. I know that you are being bombarded with advertising on television, on the Internet, on Billboards, but this is a sucker's time to sell. Unless you are desperate for cash, don't do it. Think about it. Gold was selling for $300 an ounce just 9 months ago and I didn't see a bunch of advertising for my Gold. Why now?

Let me tell you why not now. Gold is selling for around $800 an ounce as I write this. Why would every Tom, Dick, and Harry Jeweler want to buy your Gold if it costs them more now than it did just 9 months ago. Yes, now you are beginning to see. Because it will cost even more in the next 9 months. But you say, it's practically at an all time high now, and it hit $1000 an ounce this summer, I have to sell before it drops in price. Do you really think that jewelers make this kind of mistake as a group ever? Never. I repeat. Do not sell your Gold Jewelry yet.

At least not in the last 100 years of the jewelry trade. As a group they have never made a mistake of this proportion so I seriously doubt that they are going to start now. This is a very wise contingent of professionals that look to the future more than the average person. They realize that they missed an opportunity this past summer but also they see the stock market and the way that the United States Government is throwing around money like it's going out of business, which it may be if they aren't careful.

Before I get to the reasoning behind not selling yet let me also warn you about who you sell to. I just watched an "Inside Edition" with Deborah Norville piece on selling Gold Jewelry. Whatever you do if you have to sell now don't use the company that is advertising on television, Cash4Gold. In the piece they went door to door to several local jewelers in the area and had about 20 rings and a couple of necklaces appraised. All of the local jewelers were in the ballpark of $900.00 to $1100.00 that a professional jeweler said was fair market value. When they sent their jewelry to Cash4Gold they were given a check for $208.00!!! When Inside Edition called and asked for their jewelry back they offered them $416.00!!! Either way, that is WAY BELOW FAIR MARKET VALUE!!!

If you have to sell go to the best jewelers in your area with the highest reputation and get at least 3 prices. This should cover you from getting totally ripped off. But I implore you to wait as long as you can because the price of Gold is only going to go up. If you want to know why and how I know this then continue reading. If you are squeamish and easily depressed than please stop here.

There are several top investors who have been saying for the last year or so that we were going to have a stock market crash. When they started saying this no one would listen to them, it was as if they were saying the sky was going to fall. The more that people laughed and dismissed them the more they become convinced that a strong recession was inevitable. The two biggest and most famous on these investors are Jim Rogers, a legendary investor and market historian who has made himself a very rich man, and Peter Schiff, head of the Euro Pacific Capitol Incorporated who has predicted this crash from as far back as 1 year ago. If you Google Peter Schiff you will see plenty of video of him on all of the financial shows trying to get people to see that we are headed down a long, dark path.

These two men are as different as night and day but they both agree on a few important points. Point number one is that the U.S. Dollar is going to tank. When I say tank I mean it is going to hit historical lows and then some. When the Dollar tanks, Gold will be worth more than it ever has, at least in U.S. Dollars. After hitting the $1000 an ounce high, which Peter Schiff predicted for 2008, it should reach at least to $2000 an ounce next year, which Peter is predicting now. Jim Rogers believes practically the same thing and says to put our money in commodities; since they are real assets not paper assets.

So now you see why I say not to sell your Gold now. It will be worth at least twice as much as early as next year and you may need the money since our Government is printing it faster than it ever has in the history of our great nation.