Engagement Rings Can be More Than DiamondsEngagement Rings Can be More Than Diamonds

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Engagement Rings Can be More Than Diamonds

Diamonds are supposed to be a girl's best friend, but the traditional diamond engagement ring has become rather boring. Also, today's cost-conscious couples are finding that a diamond ring can be a big waste of money. My name is Laurie, and I am here to tell you that engagement rings can be just about anything you want them to be. Dare to think outside the box and come up with a ring that is truly an expression of your own personality and your love for your intended. You can choose any stone or no stone, and your engagement ring can be part of your wedding ring or not. It's all up to you!


How To Determine The Best Time To Sell Your Gold For Cash

No matter where you look, costs are rising. The prices that impact the most people are those found in grocery stores and gas stations. If you find yourself strapped for cash, research another market where prices are soaring. This market is the gold market. If you have old gold lying around your home, it may be an excellent time to sell it. But how do you know? Here are a few indicators.

Rising Price of Gold

One of the most important indicators is the price of gold at the time you decide to sell. The price of gold is currently rising and is nearing its all-time high. At this time, the price of gold has exceeded $1,900 per troy ounce.

The market price, referred to as the spot price, is not the price you will receive for your gold. But the price is used as a reference point to calculate the value of your jewelry or coins.

Vendors who buy gold for cash have overhead, and this overhead factors into the price buyers offer or the bid price. There is also the lowest amount you are willing to accept or the asking price.

The bid price and the asking price should be associated with the spot price. While you may have a sentimental attachment to some of the gold you offer for sale, it does not factor into the price. 

Other factors determining the bid price include the weight and the karat or purity of your gold. The higher the karat, the purer your gold is, which means you can command a higher ask price.

For example, if you have gold that is 24K, it has a purity of 99.9. But if your gold is only 14K, it's only 58.3 pure. If both pieces have the same weight, you should be able to ask for approximately 40% more for your 24K than your 14K.

Supply and Demand

Supply and demand for gold jewelry are other factors that could get you a better offer, especially if your jewelry is in great shape. If the buyer knows they can quickly turn and resell the piece they purchase from you and make a profit, they may be willing to offer you a little extra. 

There is more demand for jewelry before several major gifting holidays. These holidays include the following:

  • Christmas
  • Valentines Day
  • Mother's Day
  • Father's Day

Many buyers who are also resellers are looking for great pieces they can place directly in their jewelry cases and resell. 

Learn more about how to sell gold for cash