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Gold Jewelry Buyers
Due to the significant increase in gold prices, there has never been a time when selling your broken or unwanted gold jewelry has been easier and profitable. With a significantly higher number of gold jewelry buyers in the market today, you will be able to negotiate the best deal for the highest price.
Understanding the Gold Market
Why are global gold prices skyrocketing?
This record-breaking gold increase has prompted many to sell their broken or unwanted gold jewelry in exchange for the highest payouts we have seen in history. The current gold market is the highest we have seen in over thirty years.
So why is the gold market at its all-time record high? There are many key factors to consider in understanding the value of gold in the open market. Here are the contributing factors resulting in the recent record high gold prices.
The Current Global Economic Crisis
When currencies weaken, the price of gold always goes up. In our current economic conditions, our high national debt and slumping real estate prices have had a profound effect by inflating gold prices to levels never seen before.
Oil and Gold Prices are Connected
Large oil producers will often diversify their portfolio by buying gold. Because of the increased oil revenue earnings, they will have more money to buy gold. This in turn increases the demand for gold, and has a direct impact on gold market prices.
The Recent Decline in Gold Production
Recently there has been a reduction in gold production. This has resulted in a decreased supply without a corresponding decrease in demand. As a result, the value of gold has increased.
What do the Different Karat Weights Mean?
The different purities of gold used in jewelry today are represented by karats. The higher the karat weight, the more pure and valuable the gold is. Most jewelry has or should have a marking indicating the karat. Jewelry that is not earmarked should be appraised by a professional.
The purest form of gold is 24 karat and is used in the making of gold bullion or bars. Although this is gold at its purest form, it is also the softest and is not commonly used for making jewelry. Listed below is the most common karats grades used for jewelry making today.
- 24 Karat - Pure Gold (not commonly used for jewelry)
- 22 Karat – 22/24 or 91.7% pure
- 18 Karat – 18/24 or 75% pure
- 14 Karat – 14/24 or 50% pure
- 10 Karat – 10/24 or 41.6% pure
There are many online gold jewelry buyers to choose from. Make sure that you do your due diligence when selling your gold. I've tried to be helpful to provide you with good information on this site, however you should do your own homework.
Top Rated Gold Jewelry Buyers
| Gold Jewelry Buyers Comparison ► |  |
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| Accepts Gold, Silver and Platinum | Yes | Yes |
| Free Envelope Insurance | Yes | Yes |
| Accepts Gemstones | Yes | Yes |
| Paypal Payment | Yes | Yes |
| Check Payment | Yes | Yes |
| Direct Bank Payment | Yes | Yes |
| Online Tracking | Yes | Yes |
| Returns | Yes | Yes |
| Quantity Bonus | Yes | Yes |
Fox News Undercover Investigation of Gold Jewelry Buyers
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