Profiting from Precious Metals in a Time of Economic Hardship
“When people have been out of work and are hurting financially, they are more likely to sell valuables at low prices, right?”
We have heard people ask that question lately. It is not a nice question to ask. It implies that when people have lost their jobs and need money – or have encountered other kinds of bad fortune – they will be eager to sell off their assets on the cheap. It also implies that a time of economic hardship for many, like the one we find ourselves in now, is a good time for unscrupulous people to take advantage of others.
Taking the Higher Road
Instead of taking advantage of people who own precious metals, chances are you can help them use their assets to recover from our current crisis and get back on their feet. Maybe you can even sell some of your precious gold scrap, silver scrap, and platinum to raise cash for yourself at a time when you could use it.
And when it comes to gold scrap, silver scrap, and even platinum scrap and investments, there are many ways you can help people. Here are some ways to consider.
Help Relatives and Friends Sell Precious Metal Assets for Top Dollar
Your relatives and friends who own valuable precious metal items – old pieces of jewelry, maybe, or silver-plated tableware – might not have any idea of how to sell them profitably. But because you are reading this blog, you probably are aware that Specialty Metals Smelters and Refiners is here. So why not offer to help them liquidate assets?
And remember that even though we have all been through an economic downturn, precious metals are currently selling at strong prices. Liquidating precious metal scrap today can be a very smart thing to do right now.
Help Religious Institutions, Colleges, Hospitals, and other Organizations Raise Money
Many of them have computers that can be recycled profitably. Others have a variety of electronic devices – even phone systems – that are waiting to be scrapped.
Again, the fact that you are reading this blog means that you are attuned to making money by recycling precious metals. Why not step in, share your knowledge, and help organizations you care about?
Donate to Charities, Colleges, and Favorite Causes . . . and Encourage Relatives and Friends to Do So Too
This is a good time to encourage people you know to make tax-deductible charitable donations. If you speak with a qualified tax advisor, you could learn that doing so can enable the donor to pay less in Federal income tax and to do good in the world at the same time.
Think about Estate Planning, and Encourage Relatives and Friends to Do So Too
Donating precious metal items to your favorite charities, colleges, and other institutions isn’t the only way to benefit from precious metals without selling them. You can also gift them to your children and other heirs while you are still alive, bequeath them to your heirs in your will, and take other steps to help people . . . all without selling anything.
The precious metals that you and your relatives own are family assets that can benefit you financially, whether you sell them now, recycle them, or make them part of your long-term financial plans.
To learn more about ways to benefit yourself and others by recycling precious metals and precious metal scrap, why not call our advisors today at 800-426-2344. We are here to answer your questions.
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