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Silver Investing in Tough Times?

August 5, 2009 by Administrator · Leave a Comment 

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Over at The Faster Times, journalist Andrew Myers investigates whether or not silver tableware, bowls, pitchers, teapots, trays, and jewelry are a safe spot for investors to stash their cash during turbulent financial times. Myers says that if we look at silver as a precious commodity, there’s longstanding precedence pointing to: Yes. Read more

First Rhodium Bullion Coin Arrives

May 30, 2009 by Administrator · Leave a Comment 

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San Diego investors take note, Platinum Today reports that Rhodium bullion coins hit the market for the first time ever May 21st. The Cohen Mint produced the first grade .999 rhodium coin towards the end of last month and is planning to sell them initially at a one gram size for about $100. Read more

New Jersey Jewelers Join Gold Rush

April 26, 2009 by Administrator · 1 Comment 

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San Diego jewelers take note, your colleagues in New Jersey are taking advantage of the recent popularity in gold buying parties, reports the Ashbury Park Press

When Thomas Calabro said, “We are at the heart of a gold rush right now,” he was holding up the heart: a mound of gold jewelry on a red velvet display board surrounded by South African Krugerrands.

All told, the assortment was valued at about $250,000. The coins alone were worth almost $40,000, sold to Calabro by a longtime client while gold was spiking at $954 an ounce.

“The last time gold was sky high was around 1979, the year we opened,” said the owner of Twin City Jewelers on Clifton Avenue in Lakewood. “We built this place on the last gold rush.”

In 1980, gold peaked at about $850 per ounce. Last March it broke the $1,000 mark for the first time in history.

Calabro has the current recession to thank.

As trust in traditional money investments erodes, many people are turning to the most reliable of currencies. And that means quadruple the business for Calabro in the gold sector.

The boost in the “scrap metal” trade for jewelers has hedged a slowdown in retail. So now’s the time when jewelers and jewelry owners are perhaps the only people in the country able to bask in this economic climate — indeed, they’re throwing parties.

After spending a while on the sidelines watching their businesses lose to private “gold parties” — the much flashier cousin to the Tupperware affairs — jewelers have started to play a hand.

Earth Treasures in Eatontown is advertising to host “gold-selling” fund raisers for charities, in which partygoers sell unwanted jewelry, silver, coins and scrap gold for cash, with the charity receiving a percentage of each transaction.

Calabro himself has visited many homes, arriving sometimes with $20,000 in cash and leaving after some hors d’oeuvres with a case of jewels.

“It was very frustrating,” Calabro said of the initial competition. “But if you can’t beat them, you have to join them.”

It Pays to Compare Gold Buyers

February 25, 2009 by Administrator · Leave a Comment 

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If you watched the Super Bowl last week, you probably saw the ad with Ed McMahon and MC Hammer – both known as men sometimes in bad need of ready cash – touting a company called Cash4Gold. According to a recent article in Newsday, the Florida-based company spends millions each month on advertising on the Web and the airwaves to convince folks to mail in their gold jewelry, coins, medallions, or trophies to get cash back in a flash. What Ed and MC didn’t mention is something that the company’s Web site does: Customers may get more at their local gold dealer.

In other words, Newsday reports something that we have been telling our readers for a long time. That is, many local dealers provide substantially better buying offers for gold. And that if you are concerned about getting the best price for your gold (or for anything else you want to sell) information and comparative shopping are your best defense.

The Newsday article cites Amit Verma of Nassau Gold Buyers, in Hicksville and Rockville Centre. She says that gold sellers should go to several dealers to convince themselves that offers are competitive, and “get referrals from people who are happy with how they are treated.”

Murray Gordon of Whitman Coin & Jewelry in Melville, a store that buys gold jewelry and gold collectibles and which has a pawnbroking section as well, also confirms the fact that mail-in companies could easily pay less than what the gold could get elsewhere.”Believe it or not, a few earrings can add up to a hundred pennyweights, which can be worth $1,500, $1,800, depending on the quality of the gold,” said Mr. Gordon.

So San Diego gold jewelry sellers don’t forget to call around to your local gold buyers or drop by their shop before deciding who you are going to sell your gold to.

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It certainly is obvious that selling used gold is becoming a hot trend in San Diego and around the country. For further evidence about the selling gold for cash trend, read this interesting article: More Folks Turning Gold Jewelry into Cash.

Watch Auctioneer Opens L.A. Office

October 4, 2008 by Administrator · Leave a Comment 

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Buyers and sellers of collectable watches in San Diego will be interested to hear that Antiquorum (the world’s premier watch auctioneer) has opened a Los Angeles office due to an expanded clientele on the West Coast, reports National Jeweler Magazine. The new office is located at 468 N. Camden Dr. in Beverly Hills, and adds to a U.S. presence that already includes headquarters in New York City. Clients will be able to inquire about auction estimates for their watches, consign to upcoming auctions, and ask for advice on timepieces.

Charles Tearle will run the Los Angeles office. Tearle is a veteran of the watch industry and specializes in wristwatches from the 1920s to the 1970s. He recently joined Antiquorum as director and watch expert with a particular interest in Patek Philippe, Cartier, and Rolex sport watches.

Tearle began his distinguished career in horology at Somlo Antiques (a prestigious vintage watch store based in London). He became a watch specialist at Bonhams London in 2004, and two years later was asked to open a watch department for Bonhams in the United States. He is a regular guest on the television series Antiques Roadshow.

About Antiquorum

Antiquorum recently celebrated its 30-year anniversary, after having successfully carved its own unparalleled niche in the auction world. Established in Geneva in 1974, the company has cultivated a thriving collector’s market for timepieces worldwide. In 1994 it added its New York affiliate Antiquorum USA, and since then has continually realized the most impressive world records for sales of watches, clocks, wristwatches, regulators, and marine chronometers at auction.

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If you are a coin collector in San Diego, we have some news that may be of interest to you: US Mint Halts Sale of Gold Buffalo Coins.

The United States Mint Suspends Sales of 24K Gold Buffalo Coins

October 3, 2008 by Administrator · Leave a Comment 

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San Diego gold buyers won’t be able to purchase any gold buffalo coins this week. The United States Mint is temporarily halting sales of its American Buffalo 24k gold coins because it can’t keep up with soaring demand. The Associated Press reports that sales from the Mint were being suspended because demand for the coins, which were first introduced in 2006, has exceeded supply and the Mint’s inventory of the coins has been depleted. Read more

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