“Good as gold.” “Worth their weight in gold.”
Gold has always been valuable, long before our Bucks County cash for gold service was even an idea. It’s mentioned in the Bible, began and ended wars and inspired everything from Charlie Chaplin to the creators of HBO’s Deadwood.
But how did it get that way? In this blog post, we’ll look at the history of this precious metal.
Continue reading The History of Gold
As we write this – toward the end of the second week in May – gold prices were on the rise, thanks to overall uncertainty in the stock market.
In fact, the price of gold was expected to continue to rise throughout the year, according to Neil Pereira of the International Finance Corporation.
“In the last year, we saw gold prices fall,” he said in an interview with Kitco News. “But in the last quarter of this year, we’ve seen a big increase and I think that’s partly driven by expectations of reduced long-term interest rates.”
His comments followed a statement from the president of the Federal Reserve Bank in St. Louis that a rate cut was looking more enticing to potentially give markets more credibility and reduce inflation.
Continue reading Selling Your Gold? Here’s What You Need to Know