High price of gold

[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!