High price of gold

[Karen]

Definitely a good idea to go with an established business, one you can check the Better Business Bureau about, and that cares for its reputation in the community than going to one of those fly-by-night places that appear in the mall for a few weeks, or take over an empty storefront for a month then disappear!

Congrats, I am sure your car will be much nice to drive with new calipers, and you can worry less!

[kitten645]

I've been thinking about this myself. I don't wear jewelry at all. It's all I can do to get out of the house with matching shoes! I've got some gold that I keep strictly for sentimental purposes. I know I'll never wear my high school class ring again. I have no children so my nieces won't have any use for a monogrammed ring of mine. I plan on being cremated so it's not like I'm taking anything with me. I just feel like I might regret it later. I just haven't gotten to that place yet where I can part with it.
Thanks for the advice. I may reconsider.

[pomtzu]

I've been thinking about this myself. I don't wear jewelry at all. It's all I can do to get out of the house with matching shoes! I've got some gold that I keep strictly for sentimental purposes. I know I'll never wear my high school class ring again. I have no children so my nieces won't have any use for a monogrammed ring of mine. I plan on being cremated so it's not like I'm taking anything with me. I just feel like I might regret it later. I just haven't gotten to that place yet where I can part with it.
Thanks for the advice. I may reconsider.

Definitely don't get rid of anything that has sentimental value, because you probably will regret it later. All my scrap gold was just that - scrap. Broken and not worth fixing, meaningless or mismatched pieces, etc - definitely nothing with any sentiment attached.

[kaycountrygal]

Great idea!! I recently took some odds and ends to a jeweler in nearby town also and was stunned when he said $720 for my assortment. This was in Dec 2011 and price was $1616 oz that day; it's gone up since then. I did not sell and havent yet. I'm waiting for the price to go even higher. I also plan to check with a couple more jewelers in the area before I eventually sell.

I did get an internet site from him that I check out each day to see what the price is.
I hope this shows up right. The site is: http://mobile.nwtmint.com/

Kay in NC

[smokey the elder]

It doesn't take much to get to 1/3 or 1/2 a troy ounce. I think it's best to go to a jeweler, and am glad you had success selling your old gold.

[pomtzu]

It doesn't take much to get to 1/3 or 1/2 a troy ounce. I think it's best to go to a jeweler, and am glad you had success selling your old gold.

Depends on the carat weight of the piece. A 10K piece has a lot less gold than an 18K piece. I had a mixture of 10 & 14, so I was pleased with the amount I received for it. I was going to hold off, but with my luck, prices would start to drop again. My father was in watch and jewelry repair, and I can remember him complaining when gold was $75 per ounce!