Most of us have some old jewelry or scrap gold laying around in our jewelry boxes or drawers. Tangled necklaces or bracelets that were purchased years ago that you no longer wear are prime targets to get rid of. With gold prices soaring this year and the average consumer needing cash, people are turning to online pawn shops to sell their gold and jewelry without the hassle of heading down to a traditional brick and mortar pawn shop. Now is the perfect time to sell scrap gold and get cash!
Archive for November, 2008
When to get rid of your scrap gold?
November 20, 2008Gold May Top $1,000 in 3 Years
November 13, 2008According to a report from Morgan Stanely, and posted on Bloomberg.com gold may climb above $1,000 an ounce in 2011 as global mine output drops, mining costs rise and demand increases.
Gold more than doubled in the past six years and reached a record $1,032.70 an ounce March 17 as the dollar slumped and oil advanced, increasing concern inflation would accelerate. In the past eight months, the precious metal plunged 31 percent as the dollar rallied, oil collapsed and the global credit crisis pushed the world toward a recession.
Many people are rushing to sell gold jewelry and getting paid more than they could have ever imagined. Looks like if those people hold on to their gold until 2011, they might get a lot more!
Pawn Shops report brisk business
November 10, 2008People across the US are flocking to pawn shops, cleaning out their garages and closets in an effort to get some extra cash in their pockets. Read the full story here from USA TODAY.
Online pawn shops are also benfiting, giving people an easy way to sell unwanted jewelry without even leaving their homes. Selling jewelry is the most popular as theses items are typically small and can be shipped easily with some insurance from the post office.
