Funding Longer Vacations

Vacationers choosing longer trips generally combine their personal interests with regional exploration, according to a report by Research and Markets - and these trips cost more than short ones. Wealthy travelers are a major driver of the longer vacation market, the study said, but lower wage earners also participate – taking fewer long vacations but spending more on each trip.

Funding a vacation of at least a week or more in an economic downturn can be challenging. Often, would-be vacationers look for a source of cash that doesn’t tap into the money they set aside for savings or day-to-day expenses.

Some have found that the cash they need is waiting for them by selling unwanted gold, platinum and silver. Selling unwanted gold is likely an option that many people have not considered – even though they probably have lots of it.

From 1975 to 2005, there was a gold jewelry explosion in the United States, according to the World Gold Council. Consumers bought more gold jewelry in those 30 years than during any other time in U.S. history. However, because Americans see their jewelry as a fashion statement, many don’t wear older gold pieces that may be considered out of style.

At the same time, the price of gold has risen dramatically over the past three years. For those interested in realizing its value, they’ll likely find the cash they get for it can fund vacations and many other luxuries.

To get the highest price, gold sellers must be educated about the gold business, said Mike Gusky, founder of GoldFellow™, the trusted Internet-based gold buyer. Gusky, who sold his gold manufacturing business to legendary investor Warren Buffett’s Berkshire Hathaway in 2007, says that many people have taken the time to learn about selling their gold – and profited significantly from doing so.

“We have found at GoldFellow™ that many people wanting to pay for vacations have sold their gold to us because we pay higher prices for their gold than most gold buyers,” he said. “Them Selling gold often makes it possible for them to take the cruise or pay for the European trip they have always dreamed of taking.”

Gusky noted that gold sellers should be aware that the prices of gold, platinum and silver change daily, since they are traded as commodities. Buyers of precious metals will melt down objects that contain them for their pure content and sell the refined product to international banks and precious metals dealers. So the price they pay consumers for their gold, for example, will reflect profits for buyers – some of which pay significantly less than others.

“Gold sellers need to do their homework,” Gusky said. “Compare prices and policies of gold buyers.”

Gusky provides helpful industry insights into selling jewelry and information about the benefit of the jewelry industry. To know more about GoldFellow™, selling gold jewelry and gold selling today, visit www.goldfellow.com.