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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.

SDJB’s Gold Buying Business

April 24, 2010 by Administrator · Leave a Comment 

In the following media interview, the owner of San Diego Jewelry Buyers (SDJB) discusses the ways in which his company’s gold and jewelry impacts the local economy.

San Diego Jewelry Buyers has been in the gold, jewelry, and watch buying business for some thirty years. In these difficult financial times, what role do you see your company fulfilling with regard to the larger San Diego economy?

Owner: Every day, San Diegans bring me items which have been lying around in a dresser or safe deposit box, and trade it in for cash. Yesterday a woman in her 80s traded in her scraps of old gold for about $1800, and said she was going straight to Best Buy to get a brand new flat screen TV and home theatre for her apartment. All things considered, I think she’ll get a lot more enjoyment from that TV entertainment center, than she was getting from some old broken gold jewelry that had been lying around in her dresser drawer for 30-40 years. I joked with her that if someone ever breaks into her apartment, the gold would have been a lot easier to make off with than the new giant flat screen TV mounted to her wall!

So you are saying that San Diego Jewelry Buyers helps customers realize wealth they might otherwise have forgotten about?

Owner: In many cases, yes. But it also is more than that. When people find out that they have un-tapped wealth sitting in their drawers and cabinets, wealth that can be transferred into quick discretionary income, this feeds the local economy. Money is moved, circulated, spent, and re-generated through all the businesses that the customers patronize with their sudden “windfall”. In addition, taxes are paid on all of these new transactions, thus supporting local, state, and federal government services.

But at some point doesn’t this all run out? I mean, there is only so much of this “untapped” wealth lying around, right?

Owner: On the one hand yes, and on the other hand, no. People often ask me “you keep buying all this gold, don’t you think the public will run out of gold soon?” My answer is to point to the whole eBay phenomenon, which turned millions of everyday Americans into moonlighting dealers of second-hand merchandise. That started long before the current gold rush and economic crisis, and people are still selling their unused possessions on eBay, as much if not more so than ever. So do you think that Americans will run out of diamonds, gold, silver, jewelry, and fine watches anytime soon? Sure, the economy is bad now but it will eventually turn around. New precious items will continue to be bought, which eventually become “old” items, and SDJB will be here to turn those items into cash and transfer that wealth back into the economy.

From what I understand, you also see San Diego Jewelry Buyers’ business as contributing to more than just the economy, don’t you?

Owner: That’s right. As a professional jeweler and designer, I’ve been a longtime supporter of sustainable luxury. And when it comes to selling your gold to a company like SDJB, people are helping the environment by reducing the need for eco-harmful gold mining activities. The same thing goes for when consumers sell us their pre-owned diamonds and precious gemstones. It’s a win-win situation for our customers, for us, and for the community.

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

San Diego Gold Refinery & Gold Buyer Reports Increased Gold Recycling

August 31, 2009 by Administrator · Leave a Comment 

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San Diego Jewelry Buyers (SDJB), San Diego County’s leading buyer of used gold jewelry, diamonds, and timepieces, is reporting a significant increase in its gold refinery service since launching its “green gold” project four months ago. Carl Blackburn, co-owner of SDJB, reports that not only are more San Diegans recycling their gold by selling their old gold jewelry, scrap gold, and other gold items to be melted down into eco-friendly gold bars, more and more San Diego jewelers are buying SDJB’s green gold to make handcrafted fine jewelry. Read more

Quick Tips: Getting Cash for Your Gold Bling

August 5, 2009 by Administrator · Leave a Comment 

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Cash for gold isn’t just a hot trend in San Diego. Shoppers around the country have been trading in their gold bling for quick cash. In an article recently published by The Denver Post, the newspaper lists the following tips for when selling your gold jewelry:

—Unless the piece is of a high-quality maker, such as Cartier or Tiffany’s, you’re looking at scrap gold pricing. Forget what you paid for it.

—Remove gemstones from your gold jewelry unless they’re too small to sell separately.

—Know the price of gold the day you’re going out to sell. The New York gold markets close at 1 p.m. Pacific time, so sell your gold in the afternoon.

—Weigh your gold jewelry in bulk. Keep similar karat gold together. You might get a better price.

—Do the gold math. Know the 100 percent value to see if offers are fair to you.

—Get gold buying offers from several stores, whether jewelry or pawn shops.

—Avoid online gold buyers. Unless you’re selling in high volumes, you’ll not likely get a better price.

—Never let strangers view gold jewelry at your home. Consider a bank and safety deposit box for security.

—Walk away if you don’t like the gold buyer’s offer. Gold is constantly on the move.

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.”

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