Recently the price of gold streaked higher, and shows no signs of stopping! It is easy to find gold ETFs and coin dealers from which to buy gold (often at considerable markup, buyer beware). What any owner of gold wants to know is how to sell gold at the best price for the seller. With gold in demand throughout the world (India’s central bank, Reserve Bank of India, announced on Nov. 2, 2009 it purchased 200 metric tonnes of gold from the International Monetary Fund), it may very well be that now is the time to sell. Currently the price of gold is 1233 Canadian dollars an ounce. Given the fiscal and monetary policies of the U.S. government, many experts expect gold to at least retain its value over the next decade. Timing considerations must be taken into account after one determines how to sell the gold in your possession. While gold is often viewed as only an inflation hedge, it is also a hedge against a deteriorating currency; specifically the U.S. dollar. And people forget that gold remains rare. It was recently estimated that all the gold ever mined in history totaled 161,000 tonnes, and would fit into about slightly over two Olympic sized swimming pools. How to sell gold pivots on what form it takes. When it comes to jewelry you have plenty of options. Of course you must know the carat of you gold, and you can then apply this calculator to determine what to expect based on the price of gold daily online calculatorhttp://www.dendritics.com/scales/metal-calc.asp.Online gold buyers are better than pawn shops when it comes to the pricing of offers. Jewelry that is simply collecting dust can help you build a nest egg, or pay a nagging bill or two. If you own it in the form of coins either bullion or rare, or bars, you should have little problem going to reputable brokers. You should expect to receive slightly lower than spot pricing, obviously, any seller should compare bids and shipping costs. You can also sell by auction, such as eBay, it will be easier if you have an established eBay account with a track record. However, if you are selling truly large quantities of gold coins you should consider one of the larger auction houses if you are simply selling one or two gold coins then a dealer would likely be your best option. Some coins are easier to sell that others. Canadian Maple Leaf Gold Coins and American Eagles are always popular with buyers and very easy to sell. Naturally a dealer is the place to seek for rare coins. The internet has created a lot of options for sellers of gold. Given the current strength of the latest push higher, now may indeed be the time to sell.
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