Friday, 7 June 2013

Market Watch: When should you melt down gold?

If you need to sell off gold quickly, you don't want to find yourself haggling over the value of dental fixtures. Nevertheless, deciding when it makes sense to melt down extra gold pieces is a very personal decision.

It can become a necessity if you've lost your job, have serious medical problems, or if some other crisis arises ... the point comes where we have to start selling off assets. If that's the case, be grateful that you have the gold to sell.

Gold is gold, whether it's in a coin with a recognized value, jewelry, or the gold bridge my dentist handed me when he replaced it. However, on a practical level, some gold is more easily recognized for what it is. In some forms, like a one-ounce Gold Eagle, gold's value is never questioned. In certain circumstances, that can sure make our lives a lot easier.

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