While there are many explanations as to why gold prices fluctuate, currently the culprit is the intensifying trade war between the U.S. and China. Gold is seen as the one commodity that retains its value despite any potential economic threats. Just this past week the trade war sent gold prices skyrocketing to the highest point it’s been in more than 6 years, closing at $1508.00 per troy ounce. In times of geo-political tensions, gold’s appeal as a safe-haven asset rises, making these times the perfect opportunity to sell your gold!

Selling your unwanted, unused, or inherited jewelry pieces when the market is strong will net you a higher payout. It is impossible to say how long prices will stay this high, if they will drop, or if they will rise. Historically speaking, this is a great opportunity to sell your unused pieces for the highest possible value! 

Quick Tips for First Time Gold Sellers: 

•    Take your pieces to an actual jeweler rather than a “Cash for Gold” place. A jeweler will more than likely have use for your old pieces and therefore may pay more than just the melt value of the gold.

•    If you don’t have a good feeling after receiving an offer for your gold or jewelry pieces don’t be afraid to get a second or third opinion and compare offers elsewhere.
 
•    Be sure that the item you’re looking to sell is real gold. Most gold will have a stamp (10K, 14K, 18K, etc.). It’s good to check the stamp for your own knowledge, but any local jeweler can test your gold right in front of you.

•    Don't send any gold or jewelry pieces to online gold scrap sites, especially without verifying its authenticity with a professional jeweler first.  

•    You don’t have to sell your gold for cash. If you visit a local jeweler you can ask about trade-in options. Trading your old pieces while gold prices are high is the best way to upgrade to something you look forward to wearing for many years to come. 

Located in Dobson Ranch in Mesa, AZ, Nelson Estate Jewelers offers free evaluations on your old or unwanted jewelry pieces. They buy gold, they buy silver, and they buy platinum and palladium. Because they are a full-service jewelry store, they look at your resalable jewelry pieces for more than just the metal value, depending on the condition. They pride themselves on their transparency and their goal is to make sure you get the most money possible when selling your jewelry. Nelson Estate Jewelers can make a cash offer on the spot or accept your old jewelry pieces in trade toward new treasures, all at the fairest possible prices with your value in mind.  If you want to sell your gold or unwanted jewelry give them a call today at (480) 459-9867 or visit their website to learn more.