With gold prices currently at record highs of over $1,800 an ounce, many people are wondering whether now is the time to sell their jewelry. The short answer: yes. The most basic principle of investing is to buy low and sell high, and with gold prices at record highs, you are going to make money by selling your old or unwanted pieces of jewelry.

In 2001, an ounce of gold was being sold for around $300. since then , it has risen 500%, making it one of the most lucrative investments of the new millennium. If you had purchased $1,000 dollars worth of gold then, you would be able to earn $5,000 for that same amount now only ten years later. Gold has generally been a more stable commodity, bucking many different economic fluctuations, such as the dot-com bust of the late 90's and early 2000's, and the collapse of the housing market in 2007 and 2008. 

Since gold prices are now at a record high, I recommend that you sell at least some of your old and unwanted jewelry as a safeguard against a drop in price, but plan on selling the rest in the future. One of the best places to go to learn about buying and selling gold is www.lisabodi.com.