| While the hot topics of the year have been recession woes, AI dominance, and the presidential election… Gold has quietly been on a tear. The price of gold rose over $900 in the last three years. But most of that growth - around $830 - hit in the past year alone. Indeed, gold is currently trading around all-time highs. Now, The Oxford Club recommends a 5% allocation to gold and gold mining stocks. So for those of you who are behind in terms of your exposure to gold, you might be kicking yourself that you didn't get in earlier. If that's you, I recommend reaching out to our go-to gold expert Rich Checkan at assetstrategies.com. If you would like to discuss your options, he offers free consultations as an Oxford Club Pillar One Advisor. Just email him at infoasi@assetstrategies.com. Also, have you heard of this "backdoor" gold strategy? It allows you to gain exposure to over an ounce of gold for just $20. As the Fed cuts rates, the stage is set for a major gold boom. Don't miss out. Go here for urgent details on the No. 1 gold play of the year! But there's another way to take advantage of record-high gold prices that may not have occurred to you… Have you considered the gold you may already have lying around the house? Maybe you or a loved one has a jewelry collection that hasn't seen the light of day in years. There could be a hidden stockpile shoved away in a drawer or buried in a jewelry case. If that's you, and you have any interest in selling to reap the rewards of gold's latest surge, read on. You see, before I ever reached Oxford Club, I worked in a jewelry store for years. And I'd seen hundreds of people walk through the doors wondering what to do with their old jewelry. So today I'm here to shed light on the industry and tell you exactly what you need to know going into this process. Tips For Selling Your Gold Jewelry When it comes time to sell those unused gems, you really only have two options… Sell it for its weight to a reputable buyer, or sell it privately for potentially more money. As a note, these options can be done with any form of jewelry - be it the gemstones inside the pieces, or the metals that they are made out of. Either way, it's always a good first step to know exactly what you're working with. A reputable jeweler can identify the makeup of every item you have. Jewelers get their raw material at the same price everyone else does. So they may offer you fair pricing based on the asking price of gold at that time. But how do you know if the person you're dealing with is a reputable jeweler? A wise tactic is to shop around to see who will give you a better price. Another tip is to look at other brands they carry in their store. More specifically, find jewelry stores that carry Rolex watches. Why Rolex? The company is known to send around ghost shoppers to check out a location's watch section - and ensure other parts of the store are perfect. Ghost shoppers will judge a shop down to the tiniest detail, including how wilted the flowers on the counter might be. If a ghost shopper's experience isn't top notch, Rolex will pull its product from a store. Targeting Private Buyers Your next option is to try and find a private buyer. Why go this route instead of a jeweler? Jewelers only have so much room in their store to display items. So they will often use second hand pieces for repairs or making custom jewelry. Plus, fashions change with time. And while sapphires and colored gems might be in style right now, the next decade might see a resurgence in a diamonds, or a certain gemstone cut or ring style. Meaning that they might not pay as much for your jewelry as a private buyer might. Bonus Idea: Remake the Piece Into Something Else Sometimes even unused jewelry can be hard to part with. Selling isn't your only option here, as a jeweler can alter that sentimental item. If it's a ring that's too small, have them resize it. Or have them turn it into a necklace. Another option is to use the raw material to create something new. The raw price of material is often a huge portion of the cost when it comes to jewelry (especially with gold or platinum). Obviously you'll want to check out other custom pieces the jeweler has created to ensure you like their work. And have them draw out what the end piece should look like ahead of time. Nowadays, modern technology allows jewelers and gemologists to fully render a 3D image of the final piece. Did you find this helpful? Let me know if you end up trying this technique by going here. Good investing, John | 
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