Is Now A Good Time To Sell Gold Jewelry?

As the pandemic is front and center on the minds of many, there are others who are simply worried about feeding their families. For some families, this comes down to making simple choices about things like the decision to sell gold jewelry to help put food on the table and keep the lights on while facing unemployment, lower wages, fewer hours, and other calamities related to the virus that is sweeping the nation. The good news for these families and many other families looking for cash at different crisis points in life is that gold prices are up — for the moment.

Where Can You Sell Gold Jewelry?

Selling gold jewelry is easier than ever, despite shutdowns, lockdowns, etc. You have an abundance of options for locations to sell your jewelry. In addition to line options, you can find many opportunities on the local level — whether you live in a large or small town. Options include:

  • Pawnshops. They aren't only about guns and electronics; pawnshops also buy gold and usually pay well.
  • Jewelry makers. Look for jewelry stores that actually craft jewelry, not those that simply sell jewelry made by others.
  • Gold exchanges. Some communities have dedicated businesses that deal exclusively in gold. Unfortunately, they are last resort choices as they may pay less than other outlets.

Sell Your Gold Jewelry for Fast Cash

One of the benefits of gold jewelry as an investment and in times of turmoil is that it promises fast access to cash. You can sell gold in a wide variety of places — as well as online. With so many businesses closing down during the COVID-19 shutdowns across the country, consumers in need of cash are flocking to online marketplaces to sell gold jewelry, gold coins, and more. There is a lot of uncertainty in the stock market, but actual gold continues to be, well, golden.

Is Gold Jewelry the Only Option for Fast Money?

While many retailers advertise their "gold for cash" offerings, most of them will also pay handsomely for silver jewelry, too. There isn't quite the same feeding frenzy for silver as for gold, but there are plenty of retailers out there who are equally interested in buying your silver jewelry as they are in convincing you to sell your gold jewelry.

Whether you're selling gold or silver jewelry, now is a great time to be a seller. There are many options available if you want to sell your gold jewelry. The key is to find the one that works best for you in your current situation.