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Why Gold Remains Hot

December 2, 2009 by Administrator · Leave a Comment 

why-gold-hot Why Gold Remains Hot

San Diego gold investors and gold sellers take note that Business Week has an excellent interview online with commodities guru Jim Rogers, creator of the Rogers International Commodities Index, wherein he talks about gold’s current popularity.

Here is an excerpt:

MARIA BARTIROMO

Gold, as you know, hit an all-time high today, with the Russian central bank buying bullion. How high can gold go?

JIM ROGERS

Well, I own gold and I have for a while. How high can it go? I fully expect it to be over a couple thousand dollars an ounce sometime in the next decade—I didn’t say the next month, I didn’t say the next year, I said the next decade—because paper money around the world is very suspect. But right now everybody’s bullish on it, so I don’t like to buy things when that’s happening. But I’m not selling under any circumstances.

What’s behind the runup? Has buying by the central banks changed the equation here? Or is this still a demand story?

Certainly a demand story because, as I said, everybody’s printing so much money and people around the world are worried about that. But you also have central banks, which five years ago were selling gold, now buying. So that’s a huge shift in the marketplace. Central banks are like lots of other people—they just follow the crowd. There are probably better commodities to buy than gold, but you can’t tell that to central banks because they’ve got gold on the brain.

To read more, go to: Why Gold is Glittering.

Selling Gold Jewelry: Tips & Guide

June 28, 2009 by Administrator · Leave a Comment 

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San Diego Jewelry Buyers (SDJB) has published a new guide for consumers looking to sell their gold. Titled “Selling Gold Jewelry: Top 10 Consumer Tips,” the article is the newest addition to SDJB’s online Knowledge portal. This consumer information center includes guides and tips for selling diamonds, estate jewelry, and gold items, as well as how to use these precious assets for private collateral cash loans that require no credit checks and do not put the consumer’s credit rating at risk. Read more

Record Sales for Gold Bullion & Coins

February 25, 2009 by Administrator · Leave a Comment 

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San Diego gold buyers and sellers take note. According to the Financial Times, investors are buying record amounts of gold bars and coins. Why? Because they are shunning risky assets for the relative safety of bullion as renewed fears about the health of the global financial system resurface. Read more

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