As you may have observed, there is a close correlation between the price of the gold and inflation. Inflation is basically the rise of the cost of goods or services that are usually backed by paper money. The higher the inflation, therefore, the higher will be the gold rate for a given time period.
It’s time to put the inflation index to good use by making the most of the high gold prices so you can sell your unwanted gold jewellery to Brisbane gold buyers.
Keeping A Track Of Inflation
Inflation that is trending upwards isn’t always a good thing for ordinary consumers. It means the price of everything you normally buy with cash rises, costing more and leaving you less to spend. You can monitor inflation trends using financial portals that can give you more information on the consumer price index. In Australia, the CPI is published regularly by the Australian Bureau of Statistics and can therefore help you figure out the inflation trend for a given quarter.
Know When Gold Prices Surge And A Good Time to Sell
It is a clear bet that when you have a high inflation rate, and therefore high gold prices, it is the owner of this precious jewellery who will benefit the most. It’s therefore in your best interests as a potential seller of unwanted gold jewellery to keep an eye on the trending inflation rates so that you can figure out the best time to sell your gold jewellery to Brisbane gold buyers. Since inflation is affected by the cost of paper money in circulation, more of cash means that there is more value for gold as well. By keeping a close eye on the stock markets and political situations you can be better able to predict the trend of gold prices and know when to visit a Brisbane gold buyer to sell off your jewellery.
Selling Unwanted Jewellery in Brisbane
Before you sell your unwanted jewellery, it is a good idea to have it valued. You are probably already aware of the jewellery’s weight and the value it once held, but thanks to the combined factors of inflation and the market rates, the value today may have changed considerably. You can visit a Brisbane gold buyers branch to get the exact value of your gold jewellery for the day. If you have been keeping a close eye on the CPI and have decided that the gold price will not get any higher than the current rate, it is a good idea to choose to sell.
You can choose to sell your jewellery intact or sell it for the rate of the metal. To choose between which option would work best, you need to know the age of the jewellery and if it can be considered an heirloom piece, in which case an auction house would find it very valuable indeed.
Be a Smart Seller to Make the Most of Prevailing Market Conditions
After making a decision to part with precious gold jewellery, it’s in your best interest to make sure that you are getting a good deal out of the transaction. Keep an eye on the market trends for at least six months to understand when the best time to make a sale is. Once you have decided the time, select the Brisbane gold buyers you would like to deal with and get cash for your otherwise unused gold jewellery.
