A bar of gold sits in front of a graph detailing its fluctuation in price over time. It is on an upward trend.

Selling Gold When Prices Are High

The ownership of gold has typically been seen as a financial investment for years — a hedge against economic uncertainty. Throughout history, gold ownership has been seen as a valuable asset.

If you are looking to sell your gold, there are many important factors to consider! Thankfully, our team at Hemming Jewelers specializes in helping you both buy and sell gold, so you can focus on your finances with ease.

When to Sell Your Gold

Whether you own inherited gold coins, gold jewelry you don’t wear anymore, or gold watches, you’re probably holding onto these assets out of precaution for financial uncertainty. But how do you know if you should sell your gold?

Some things to consider:

  • Do some research about the current market price of gold (this constantly fluctuates)
  • Sell your gold when you’re in need of cash
  • If your gold sits for years and years, it can actually lose value over time
  • Knowledge is power!

If you’re holding onto gold but are in need of some quick cash, it’s wise to go ahead and sell your gold now. If you don’t need cash quickly, it’s smart to wait to sell until the market is hot — get the most bang for your buck.

According to CNBC, the value of gold has been rising for the past eight months, peaking at $1,881.70 per ounce. At the same time, the values of both silver and platinum fell. The more you know about the gold market, the more well-equipped you’ll be!

If you’re looking for a reliable, trustworthy, and professional place to sell your gold, stop by Hemming Jewelers today — we have your back.

Selling Gold? Choose Hemming Jewelers

With the start of the New Year, why not maximize your finances and look into selling your gold with Hemming Jewelers? There’s no better time to sell than now — while the market is up!

If you’re ready to look into gold ownership or selling, contact the team at Hemming Jewelers today by calling 904-354-5959! Otherwise, you can swing by and visit our showroom at 231 N Hogan St.