People generating their own 'economic stimulus' by selling off their unwanted and old gold for hard cash of course!
We've all seen the 'Cash For Gold' commercials on TV, right?
Well, there is an alternative way to make money selling old gold, and its called hosting a gold party. But forget Tupperware or Mary Kay. Gold parties aren't going to have you trying to sell plastic kitchen ware and cosmetics to your friends. No, quite the contrary.
Your guest get to leave their money at home cause there aint nothing to buy at a Gold Parties Canada or Fast Cash Gold Parites gold home party.
What is a Gold Home Party?
The ailing economy has helped spark a new rage in home parties where the goal is selling, not buying, and this growing phenomenon has become increasingly popular in suburban neighborhoods all across America, and now in Canada and other International communities.
Their are a number of factors that have contributed to the growth of these cash for gold parties. According to those in the know, the biggest contributor has been the weak economy and the fact that gold prices have shot up to as much as $1,000 an ounce in recent months.
"The price of gold has risen so quickly," said Jim Steel, a commodities analyst with HSBC. "There's always some gold recycling going on, but the trade price has to rise to a great degree to see a jump in recycling like this."
Pawnshop owners like Paul Mikel have been reporting they've seen a significant increase in the number of people bringing in gold and unwanted jewelry to sell. The trend was first noticed about a year ago and has been on the rise ever since.
Around the same time, Paul's wife Stacey, who worked in the mortgage business, was struggling with the collapse of the housing market and the ensuing credit crunch. So back in June they decided to do something about it and created a gold party business, FastCashGoldParties.com.
"We realized that some people have never really sold their jewelry before, and many don't feel comfortable going to a pawnshop or jewelry store," said Stacey Mikel. "Gold parties are a really good thing because they feel more comfortable in their home or their friend's home."
According to Stacey, the Jupiter-based 'cash for gold' company now has 20 employees locally, as well as a number of licensed secondhand dealers doing parties in other states such as Texas, Kansas, Colorado, Minnesota and Ohio.
The Mikels claim that although the price paid for the old gold does fluctuate with gold prices, it is generally between 70 percent and 75 percent of the gold value the day of the purchase.
Those attending 'gold parties' say the draw is simply a little extra cash to help pay the bills and tide them over during these tough economic times. Others say they come to see how much an old piece of jewelry or family heirloom may be worth. In many cases, they come to get rid of unwanted gold items or even undesirable memories.
Stacey says, "The main reason I started fastcashgoldparties.com is because I wanted a way to earn a great income without having to sacrifice my time being a mom. I started out slowly doing a few parties here and there with close friends and family and things just took off. I started meeting many people who fell in love with our concept of a party where people actually make money instead of spending it. That is when I decided this is something I should share with as many people as I could so they could benefit from my experience."
As a result of deciding to share the 'cash for gold party' concept with others, Stacey says she's been busy traveling all over the country conducting gold parties with excited individuals from all walks of life.
