If you are thinking of selling yours used old gold to buy more modern jewelry this could be the right moment. In fact, the valuation of gold is going up quite a lot right now quickly. Probably due to inflation which raises production costs, other metals as well they are behaving the same way. Such materials, together with all raw materials in general, have always been excellent safe haven assets; things that, in times like these, incentivize investors to spend their money ed buy securities considering the money in safe place. Even if inflation were to increase in fact, the price of gold and silver was enormous would always benefit from it. The more it costs the production/processing and the growing demand on the marketthe more the price is brought to rise.
How to behave in case of sale of used gold
First, make sure your object be, actually golden. You will be able to ascertain it easily by locating on it the engraving of carats or thousandths. Written like 18k, 22k, 24k or 750, 916 and 999 are those that indicate the quantity golden royal present in your jewel. Gold, in fact, in case you weren’t aware, can’t never represent 100% the composition of an object; as because of his malleability that would be extremely easy to fold and deform.
Attention just in case no engraving is on your object; it could still be gold but it is rare; and in addition, to be sure, you need to go to the gold shop which, through certain reagents, will be able to to enlighten you about it to the composition. What you must hope in these cases is that the object is not just plated externally, because in that case, it would have no value.
Gold valuations today are quite favourable for sale at this time; the price of a single gram of 18K gold is equivalent to €38.55 while that of pure 24k gold settles on €52.25; a price, which, given the past few weeks, seems enough to us stable.
