Benchmark Jewelry

GoldFellow.com wants you to be informed. We intend to help you decide on selling your gold, silver and platinum jewelry.

Today, we will give feedback to a question that we have heard a little GoldFellow. It is time to collect my jewelry in gold, or will the cash value of my unwanted gold jewelry collection rise dramatically in the near future?

Analysts make a living trying to predict what will happen, but what many people do not realize is that if the future holds dramatic changes, the redemption value of gold jewelry will not be performed in a Manor amazing.

Recently, the price of gold has been trading in the $ 875 - $ 935 per ounce range. Although declining since the mid-March '08 highs of $ 1000 oz, the price remains at record levels. Many consumers are contacting us at GoldFellow to ask if they have missed the opportunity to sell their unwanted gold jewelry because the price of an ounce of gold has fallen by several per cent. It's a good question. So how does a $ 50 change per oz gold price on the value of your old gold jewelry pennyweight?

At first, to establish some important facts allowing us to better understand our results of analysis in the redemption value of your jewelry in gold.

14K gold is the most popular type of gold jewelry in the United States and will be our benchmark. 25 pennyweight (dwt) of 14 kt, a typical amount that we receive from people GoldFellow be the constant quantity. Our example compares against $ 935 oz 875 oz So how about we start comparing the difference in cash value when the price of gold per ounce changes?

The public is increasingly aware of the daily price of gold and how it varies, but perhaps not aware that the price of gold refers to the value of one ounce of 99.9% pure gold. Since 14kt is only 58.3% pure, the impact of rising gold prices and the decline is less severe on the cash value of 14k gold jewelry. For every $ 50 change ounces in the price of an ounce of gold jewelry 14K gold changes in value in cash only $ 29 oz!

Returning to our example, the batch of 14 kt gold jewelry weighing 25dwt GoldFellow sold $ 935 ounces (99.9% pure gold price) is worth $ 475.00 as 14kt gold jewelry and even 25dwt oz $ 875 based on $ 454.00 would make a difference of only $ 21.

Each person must decide for themselves whether the difference in cash of $ 21 is significant enough to warrant holding off from sales of gold jewelry and expect gold prices to arise in the future.

That the current price of gold is $ 875, $ 900 or $ 1,000 per ounce, are historic moments for the gold market and gold prices at these levels are a new phenomenon. My conviction is professional, there is always more likely by a steep rise of a strong. Remember the old adage "a bird in the hand is worth two in the bush.