topic Re: How many will be selling in Jewelry

How many will be selling

SharkE — Tue, 25 Feb 2020 03:47:49 GMT

off some gold when it hits high price ?

I'm debating it. Doesn't come along very often. On the fence, myself

Re: How many will be selling

Tangocash — Tue, 25 Feb 2020 03:53:44 GMT

I have no more gold to sell...

Re: How many will be selling

carlycat — Tue, 25 Feb 2020 04:16:30 GMT

I’ve been thinking about it. Still have some to sell. Any recommendations on best way to do it?

Re: How many will be selling

VegasBusinessWoman — Tue, 25 Feb 2020 04:18:07 GMT

Not me.

Although my thought process on buying gold jewelry has always been that it has residual value that could be converted to cash in a pinch, I've never done it, and don't plan to.

Pieces that I'm tired of or don't wear anymore I give to my sister or my daughter.

Re: How many will be selling

Snowpuppy — Tue, 25 Feb 2020 04:23:59 GMT

Prices have already started to fall at gold's open tonite, like down by $20.

We'll get some buying tomorrow. Wed, things will look more stable but we'll know the longterm outlook in about 2 weeks.

Re: How many will be selling

SharkE — Tue, 25 Feb 2020 04:44:09 GMT

Yeah, with election yr and the present crisis in the East I've been hearing gold is gonna sky rocket.

I don't have anybody to leave it too. Sisters don't want it. You have to worry about stealing and paying insurance on it. think it might be best to weed out and cut your losses.

You won't get what you paid for it retail, lucky to get half at the gold buying shops. Not doing U any good laying around and DH wouldn't know what to do when I cloark. Might as well make some cash while it's at it's peak.

Re: How many will be selling

CalminHeart — Tue, 25 Feb 2020 12:00:34 GMT

@carlycat wrote:
I’ve been thinking about it. Still have some to sell. Any recommendations on best way to do it?

Check around. I had been going to an independent jeweler who gave a good price. He suddenly cut what he offered by 20% so I asked around and was referred to a pawn shop, another independent jeweler, and a shop that sells coins, guns, etc. The pawn shop and jeweler offered a pittance. The coin shop pays better than any other place in the metro area. Avoid chain stores.

Re: How many will be selling

fthunt — Tue, 25 Feb 2020 13:47:36 GMT

Up 2.............$1651

Tuesday AM

Re: How many will be selling

bonnielu — Tue, 25 Feb 2020 14:03:17 GMT

I have very little to get rid of. I am not a fan of expensive jewelry because of incidents in the family that have made me shy away. Just to summarize. I accidentally "cut"my diamond ring on the sink faucet. I then put it away and it was stolen from where I stored it. Then my traveling mother was in Rio and was knocked down and her expensive necklace was ripped from her neck. And last but not least, my mother was having her diamond ring cleaned in Burlington Vt and when she got home my daughter who was at the time a gemologist checked it out an said it was "changed out" for a CZ.

All of this is to say... I would rather just wear my pretty costume versions and find something else to do with my vast monetary reserves LOL.

Re: How many will be selling

GAQShopr53 — Tue, 25 Feb 2020 14:12:49 GMT

@SharkE wrote:
Yeah, with election yr and the present crisis in the East I've been hearing gold is gonna sky rocket.

I don't have anybody to leave it too. Sisters don't want it. You have to worry about stealing and paying insurance on it. think it might be best to weed out and cut your losses.

You won't get what you paid for it retail, lucky to get half at the gold buying shops. Not doing U any good laying around and DH wouldn't know what to do when I cloark. Might as well make some cash while it's at it's peak.

I have to agree with you @SharkE getting something now is better than waiting and taking the chance of getting nothing later when or if the prices drop. I have a lot of gold and other jewelry pieces that are just sitting around collecting dust. Since I don't have any girls to give or gift to I am going to eventually start to sell off.

Re: How many will be selling

patbz — Tue, 25 Feb 2020 17:11:15 GMT

I have a lot of "excess gold"(except for my wedding ring, I stopped wearing my gold jewelry ten years ago). Most of my gold is 18k and was purchased 30-40 years ago in the Orient so I'd do well (one bracelet which can usually be found on EBay would be at least $5000). At this point I have no intention of selling, I keep it just in case I need quick money. Gold has always been an emergency commodity; particularly in times of war, famine and disease.

Re: How many will be selling

SharkE — Tue, 25 Feb 2020 14:50:04 GMT

I've been hitting the Gold Buyers shops yesterday when gold was at 1660, today, it's down a tad. I'm not budging till it hits 18-2000. They

don't give you that much because all the jewelry is now made so light weight and they pay by the gram wgt. A bangle I paid 300 for weighs 5 grams they want to give you 70 for. If I wait till it hits 18 and for sure 2000 I'd get 100. They take your license information, no SS thank God!

You don't pay taxes because you already have paid taxes when you purchased it that's legal. They have to make sure anything your selling is not 'hot'. LOL Even though the guy I"m talking to knows it's not stolen he still has to verify it thru the cops.

It's a 'scratchy' business. No way if I die could DH handle it. I'm keeping few pieces like Imperial Gold (LOL). Last time gold hit a high was 7 yrs ago and then it was 1600/0z. It's already beat that and I'm holding out for better then that. People that have the old time heavy wgt. gold is the ones who will clean up.

Re: How many will be selling

chrystaltree — Tue, 25 Feb 2020 17:47:15 GMT

Oh, I did that years ago. I don't have much gold and the pieces I do have, I will never sell.

Re: How many will be selling

fthunt — Tue, 25 Feb 2020 18:21:49 GMT

Jewelry buyers ( dealers) are taking a gamble because they may have to wait a long time before somebody comes along who loves that piece - therefore melting it down is a quicker way to get a $$ return.

Like you said - jewelry today is so lightweight compared to the old stuff.

Personally I don't think gold prices will hit 2000 any time soon. ....if ever. (again)

Re: How many will be selling

SharkE — Tue, 25 Feb 2020 21:35:54 GMT

I'll settle for 1800 LOL

Down, today

Re: How many will be selling

Bubbles219 — Tue, 25 Feb 2020 23:20:19 GMT

I was wondering~ what website do you use to check the price of gold each day? Also, whatever the price of gold is for that day, is that what jewelers or pawn shops, etc. give you ? I guess what I am trying to ask is how do you know if you are getting the an honest price for your gold?

Re: How many will be selling

SharkE — Tue, 25 Feb 2020 23:43:23 GMT

I check Kitco. watch the creepers on the news channels like CNN

whatever cable channels you have .

I let 'em know "I see gold is at 1650 today and thought I'd check to see what this is worth to you".

I blame the people who make gold so lightwgt today, but, you still pay premium for it. Even here at Q how many times have I read where people pay over 500 for something just to send it back because it weighs nothing.

when you go to sell that piece that you gave a fortune for your not gonna get hardly anything for it.

Guess the motto is suppose to be you can't buy it for what you think you can get for it, later. You just have to buy it because you want it and will enjoy it. When it gets to be a burden, you have to pay insurance on it, get appraisals for the insurance (1 cost me 70) Have nobody that wants it after I'm gone. They don't go any place that nice to warrant wearing something that makes you uncomfortable that might draw the wrong attention.

I'm keeping few pieces, but, I need to unload some bangles

Re: How many will be selling

Moonlady — Tue, 25 Feb 2020 23:49:46 GMT

The price everyone's quoting is pure gold (24k), per ounce.

While being aware of that price is helpful in that it reflects when gold is on on the move (hopefully, upward), it's not practical for most of those considering parting with jewelry, where prices depend upon gram weight and karat (the percentage of gold in the alloy), most commonly 14k or 18k, but there are others.

Therefore, the current price of gold is:

$1636.84/pure gold (24k)/ounce (52.68/gram)

39.52/18k/gram

30.73/14k/gram

Re: How many will be selling

haddon9 — Tue, 25 Feb 2020 23:54:56 GMT

@Tangocash wrote:
I have no more gold to sell...

Me either...sold it all several years ago.

I prefer silver or white metals anyway. I never did wear much yellow gold.

Re: How many will be selling

SharkE — Wed, 26 Feb 2020 00:56:20 GMT

@Moonlady wrote:

The price everyone's quoting is pure gold (24k), per ounce.

While being aware of that price is helpful in that it reflects when gold is on on the move (hopefully, upward), it's not practical for most of those considering parting with jewelry, where prices depend upon gram weight and karat (the percentage of gold in the alloy), most commonly 14k or 18k, but there are others.

Therefore, the current price of gold is:

$1636.84/pure gold (24k)/ounce (52.68/gram)
39.52/18k/gram
30.73/14k/gram

Interesting ! Think I got one 18k tri-colored bangle, rest is 14.