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Sell Gold + Free Thai Massage

June 15, 2011 by Administrator · Leave a Comment 

Sell Gold In addition to guaranteed high cash offers, Southern California’s premier gold buyer San Diego Jewelry Buyers (SDJB) is now offering another benefit to selling gold jewelry, gold bullion, and scrap gold with the company: free traditional Thai massages from Massage Thai Way! Read more

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.

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.

Investigating Gold Buyers

May 30, 2009 by Administrator · Leave a Comment 

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San Diego’s most watched news station, KUSI News, has released a special consumer report on selling gold in San Diego County. Conducted by former CNN reporter Sasha Foo, the report reveals that there are both good and questionable gold buyers operating in San Diego.

The special report is titled “Selling your gold? Don’t get scammed!” and includes an interview with Sheryl Bilbry, a staff member of San Diego’s Better Business Bureau (BBB). She tells Sasha Foo that San Diegans need to be smart when selecting a gold buyer for their gold jewelry, since some gold buyers may have file folders full of customer complaints. Cash4Gold, for example, has earned itself a D- minus grade from the BBB.

Bilbry explains that Cash4Gold customers have complained that their gold never got to the company; that they were told that within 10 days they could get their gold back, but then Cash4Gold wouldn’t return it; and that Cash4Gold didn’t pay them as much money as they said they would for their gold. Bilbry adds that citizens can get cash for their gold jewelry in San Diego by “credible” companies. They just need to investigate who they are.

Selling used gold jewelry, gold bullion coins, and other gold objects has become a big business during the past year due to the recession. But Sasha Foo warns San Diegans not to let that “stampede for cash turn into fool’s gold.” To illustrate how “legitimate” gold buyers operate in San Diego, Ms. Foo interviews Carl Blackburn, the founder and co-owner of San Diego Jewelry Buyers (SDJB) and a jewelry industry veteran.

Blackburn explains to Foo how trustworthy gold buyers go about buying used gold rings, gold chains, and other gold jewelry, demonstrating how gold purity and weight is tested. He advises San Diegans to shy away from any gold buyer who guarantees they will beat the price of any other gold buyer, as well as anyone who does not make the customer feel totally comfortable with selling their gold. Blackburn also says that a “red flag” is when a customer calls a San Diego gold buyer for today’s gold price and the buyer doesn’t want give out the information.

SDJB’s website SanDiegoJewelryBuyers.com is filled with articles and tips that can help San Diegans make better selling decisions when selling their gold, diamonds, and fine watches.

To watch KUSI’s full special report on San Diego gold buyers, please go to: Selling Your Gold? Don’t Get Scammed!

Buying & Selling Gold Bullion Coins at San Diego Pawn Shops

October 23, 2008 by Administrator · Leave a Comment 

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If you ever come across some gold bullion coins at a San Diego pawn shop and are considering buying them, there are a few things that you should keep in mind:

Remember that gold prices fluctuate all the time, sometimes quite dramatically. So be sure to check the current day’s spot price. What is gold’s spot price? That’s the current market price for the precious metal. In contrast, a gold bullion coin’s “melt value” refers the value of the coin if it is melted down and sold.

If you plan on buying a fractional gold bullion coin (that is, a coin weighing less than one ounce) you can expect to pay a higher percentage over melt value than if you were buying a one ounce coin.

The folks at the Professional Numismatists Guild say that the average retail commission that a seller charges is 5-6%. So if it seems like the pawn shop from which you are thinking about buying a gold bullion coin is charging a higher commission than that, you can likely get a better deal elsewhere

Lastly, as a general rule of thumb, remember that Kruggerrand bullion coins are usually sold for less than the American Eagle and Canadian Maple Leaf bullion coins.

If you are really keen on buying gold bullion coins, your best bet may be to look up a San Diego ANA (American Numismatic Association) bullion dealer by clicking here.

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People in San Diego often ask us just what the history of pawn shops is, where and how the whole business got started. For the curious, SDJB has now written: A Brief History of Pawn Shops.

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