The wake of the 2016 presidential election saw record gains on the stock market. The Dow leapt past 21,000, and the price of gold and silver saw impressive runs of their own.
But despite the news coming out of Wall Street, people are still nervous, and looking for ways to diversify as they invest.
And one of the best and oldest ways you can invest your money is by purchasing gold and silver. It’s one of the oldest – and best – ways of investing your money: an investment you can hold in your hands.
If you’re thinking about buying gold in Doylestown, here’s what you need to know.
We’ve just – pardon the pun—coined a new model at Doylestown Gold Exchange:
“Buyers, Sellers, and Jewelers.”
That’s because the role of the traditional jewelry store has changed over the past 10 to 15 years, and we’ve had to change to keep up with the times. We realized that we needed to more for our customers than being an outlet to buy gold in Bucks County.
On Wednesday night of September 28th, Doylestown Gold Exchange held its first Antique Road Show at the store.
The event was a huge success as the people started lining up a half-hour before the event started. There was a full line of people until 7:00. The event was live streamed on Facebook, and you can see a recording of the video on our Facebook page.
Doylestown Gold Exchange teamed up with Mike Ivankovich, a downsizing specialist and auctioneer. Mike has written books on how to downsize and he helps appraise items to steer his clients in the right direction when trying to sell their valuables. He is also the host of the “What’s It Worth?” appraisal radio show, which airs mornings from 9:00 – 10:00 a.m. on WBCB 1490 AM.
In today’s economy people are looking for ways to raise funds quickly to pay the medical bills, the mortgage bills, or an unexpected expense that popped up. One way to raise funds quickly is to think about selling gold, silver, platinum or any precious metal.
As of September 2016, gold and silver have jumped up a lot and that is great for people who are selling these metals. As gold hits $1300 and silver is over $19 per ounce, customers are getting a lot more money then they were just few months ago. Doylestown Gold Exchange, was recently voted for the third year in a row as the Best in Bucks and Montgomery counties for the best gold and precious metals buyer.
Doylestown Gold Exchange owner Greg Glemser can remember a time when investing in precious metals just wasn’t something people did.
“You used to seem a little crazy to put your money into silver or gold,” he says.
Now, it’s a way to diversify your portfolio, and one of the key pieces of Doylestown Gold Exchange’s business.
And these days, more and more people are looking to invest in gold and silver. The price of both metals has gone up significantly in recent weeks. Gold has gone from $1000 an ounce to more than $1200 an ounce, while silver’s price has jumped from $13 an ounce to $17 an ounce.
Until 1964, quarters had silver in them. Fifty years ago, a quarter would have been worth, well, a quarter of a paper dollar.
But because of the silver in the coins, quarters from that era have grown in value. A dollar will buy you half a gallon of gas these days. The money from a silver quarter will fetch you nearly twice that amount.
If you’ve been thinking about investing some of your hard-earned money into gold, as so many people seem to be doing these days, you may be wondering what form of gold bullion you should purchase. That is, should you buy bars or coins?
Ultimately, the decision is up to you, although there are a number of facts and details that may inform your decision, and that will likely make it an informed decision.
But first things first: It’s crucial to understand that while most people think only of gold bars when they hear the word ‘bullion,’ gold bullion coins certainly exist as well. Bullion, just to be clear, is simply a refined and stamped weight of precious metal.
So if you’re planning on purchasing gold primarily as an investment—and assuming you prefer coins to bars—you’ll want to steer clear of ‘collectible’ gold coins, and instead make sure that the coins you’re buying are indeed actual bullion.
Here are a few questions to ask yourself and mull over if you’re not sure whether the bullion bar or bullion coin route is the best for your situation: