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Sell Gold Before Gold Bubble Bursts?

August 25, 2011 by Administrator · Leave a Comment 

Gold PricesHave you been waiting to sell gold in San Diego, expecting that gold prices are just going to continue to rise? You might want to think again. More and more analysts are predicting that we are in a gold bubble that is about to burst. Read more

Record Gold Prices – Be Careful Where You Sell Gold Jewelry in San Diego

August 18, 2011 by Administrator · Leave a Comment 

Where to Sell GoldWith record gold prices above $1750 an ounce, more and more people in Southern California are selling gold jewelry to cash in on the gold rush. But when you sell gold, you need to be careful in choosing your gold buyer. WBNS TV in Ohio has published some useful information regarding how to sell gold. In a recent consumer report, they write: Read more

Seller News: Gold Prices Continue to Soar

November 29, 2010 by Administrator · Leave a Comment 

San Diego Gold PricesThe folks at the Gold and Silver Blog have been writing informative material on the strength of the gold market. According to the GSB, the consistent rise in gold prices has been due to factors such as concerns regarding weak currencies and unstable foreign governments. In addition, gold has been viewed as a safe haven investment and has been attracting an increasing share of investment dollars. Despite the recent leveling off of gold prices, many market experts are predicting a continued rise in prices over the long term, says the blog.

According to recent market reports (as of November 26), SPDR Gold Trust (GLD) stated that its holdings remained unchanged from the previous trading day at 41,316,740 ounces. The IShares Silver Trust (SLV) stated that its holdings declined by 5,865,684 ounces to 344.374 million ounces. Market experts have suggested that the holding pattern, as well as the slightly lowered prices indicate a decrease in safe haven demand. Recent data on the economic situation in the US has at least temporarily arrested some of the more pressing fears about the economy, and the price of gold has typically risen and fallen inversely to the strength of the dollar.

What this all means for those in San Diego and greater California who want to sell gold is that the times remain good for receiving top prices for your gold jewelry, dental gold, scrap gold, and other gold items at a San Diego gold refinery or other precious metal buyer. Will you be able to get a better return if you hold on to those item for a little while longer? Maybe. But, of course, gold prices could also fall soon, as well. All we can say for sure is that current gold prices will give San Diego sellers a strong return on their luxury gift assets made of gold.

Gold Fuels Pawn Shop Boom

February 2, 2010 by Administrator · Leave a Comment 

gold-sandiego Gold Fuels Pawn Shop Boom KPLC TV News is reporting that the high price of gold has local pawn shops booming, as more people dig through their jewelry boxes for gold items they can trade or sell for cash. The Lake Charles news team interviewed a local pawn shop owner who says more customers are finding gold and pawn shops a great combination, especially since it’s hard to get fast cash from banks and other lending institutions.

“A lot people have single earrings, broken rings or necklaces that they’re not going to repair,” said the pawnbroker. “With the record price of gold now, a lot of times they’re pleasantly surprise with how much they can get for it.” He also advised customers to go local when you put your gold items on the market.

Many people are also mailing in their gold to companies who advertise frequently on television. Recently several of these businesses have come under intense scrutiny. New York Congressman Anthony Weiner (D-NY) has even called for the Federal Trade Commission to look into one company’s “deceptive practices,” after hearing several complaints from sellers who say the company didn’t give them the promised price for their gold.

And all experts agree (including us at the San Diego Luxury Pawn Shop Report) that before selling or trading to any gold buyer, consumers should get several quotes from different brokers.

San Diego Buyer Predicts Strong Prices for Gold, Gold Jewelry, & Scrap Gold

February 2, 2010 by Administrator · Leave a Comment 

sandiego-gold_buyers San Diego Buyer Predicts Strong Prices for Gold, Gold Jewelry, & Scrap Gold Although the U.S. economy and the dollar remain on shaky ground, many analysts are predicting that one thing will remain strong during 2010: the price of gold. One of those analysts is Carl Blackburn, owner of San Diego Jewelry Buyers (SDJB). Read more

Gold Buying Parties

March 25, 2009 by Administrator · Leave a Comment 

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National Jeweler reports that the tough economic times, in combination with high metal prices, have people around the country gathering at gold parties to sell their old gold jewelry.

Folks in the media have been comparing the gold-buying parties to recession-era Tupperware parties, resulting in cash for participants, who are choosing to clean out their jewelry boxes as the price of gold rises above $900 an ounce.

According to news reports, the parties begin with guests bringing unwanted jewelry, watches and coins to a host’s house. The host, with the help of companies that are mining the trend like MyGoldParty.com, the Gold Refinery and Nassau Buyers, then tests the gold content and weighs the items, and pays out a certain percentage to guests based on the price of gold that day.

A percentage also goes to the party host, the party representative and the refinery that eventually ends up with the gold and melts it down, according to news reports. In addition to much-needed money, the parties also provide a safe haven, and a social outlet, for consumers looking to cash in on high gold prices but unsure about entering a jewelry store.

According to an Associated Press report of a gold-buying party held in Granby, Conn., one participant said, “It’s terrific because it’s a little bit intimidating to think about walking into the jewelry store, even though they may be heavily advertising it, and, you know, to someone that you don’t know and turning over your valuables to them.”

While gold parties can indeed be fun, San Diego consumers should be aware that the buying offers you get at such parties will most likely be less than at a reputable San Diego gold buyer, since the person who is throwing the party is taking a percentage off the top, which means less cash in your pocket.

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If you decide that a gold buying party isn’t for you and you plan on approaching a San Diego gold buyer with your gold jewelry, then you want to be prepared. Before going to a potential buyer, read this article: 7 Questions to Ask Your Gold Buyer

Is Gold Going to Become a Mania Asset?

February 25, 2009 by Administrator · Leave a Comment 

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Steve Ellis, a manager of RAB Gold Strategy, is reporting for Yahoo News that the US Federal Reserve has flooded the market with liquidity by more than doubling its balance sheet in less than six months. This means it may be unable or unwilling to withdraw it in time for fear of precipitating a secondary relapse in economic activity. Meanwhile other central bankers are predicted to face intense pressures to “support” their domestic economy by weakening the currency, leading to competitive currency devaluations. Read more

Gold Prices Jump to 7 Month High

February 25, 2009 by Administrator · Leave a Comment 

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The good news keeps coming for people looking to sell their gold in San Diego. Bloomberg reports that gold climbed to the highest level in seven months on demand from investors who want to protect the value of their assets as stocks slump and the global recession deepens. Read more

Increased Demand for Platinum Jewelry in 2009?

November 25, 2008 by Administrator · Leave a Comment 

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According to a report from Johnson Matthey, demand for platinum jewelry may rise next year. During the past year, the rising price of platinum (which topped at $2,200 an ounce) had a negative impact on jewelry manufacturing. As prices rose, recycling of old platinum jewelry, especially in China and Japan, further depressed demand. But when the shocking news from the financial sector hit in the third quarter, prices of precious metals, including platinum, dropped significantly.

The current spot price of platinum has been hovering near $825 an ounce, while gold has dropped back to around $750, after topping $1,000 an ounce earlier in the year. The bigger drop in platinum prices compared to gold prices is said to be attributed to the fact that platinum is predominantly an industrial metal, while gold is more of a financial metal.

If demand for platinum jewelry increases that means the price of platinum will likely rise, too. So, if you are looking to sell some platinum jewelry, you may want to wait a few months to see what happens on the market. Platinum, along with its sister metals Palladium and Rhodium, may be set for a rebound.

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It always surprises us the amount of people there are in San Diego who are interested in the happenings at the big auction houses on both coasts and abroad. If you are one of them, we have some bad news: Sotheby’s Sale Disappoints.

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