Jewelry

[patbz]

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.

[SharkE]

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.

[chrystaltree]

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

[fthunt]

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)

[SharkE]

I'll settle for 1800 LOL

Down, today

[Bubbles219]

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?  

[SharkE]

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 

[Moonlady]

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

[haddon9]

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@Tangocash wrote:

I have no more gold to sell...

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

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

[SharkE]

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@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

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