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Category Archives: Sell Gold

Are you looking for a big return on selling gold in Doylestown?

Doylestown Gold Exchange

 

The value of gold has reached historic highs, and the market for selling gold has never been better! If you have gold coins, gold jewelry, or even “bits and pieces” you want to sell, you’ve come to the right place. Continue reading Are you looking for a big return on selling gold in Doylestown?

Key Tips on Gold and Silver Coins and Bars

Tips on Gold and Silver Coins and BarsFrom nearly the beginning of human history, precious metals like gold and silver have been treasured for their beauty and desirability. Stories about King Midas, golden geese, and silver linings have been passed down to us over the centuries. And, even during the past two centuries, thousands died in California, the Yukon, and elsewhere as they unsuccessfully pursued dreams of striking it rich by locating the “motherlode.” In this article, we wanted to share with you some key tips on gold and silver coins and bars.

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What Factors Influence Gold and Silver Prices?

What Factors Influence Gold and Silver PricesIf there’s one thing that’s true about gold and silver prices, it’s that they’re always changing. As we write this, silver is up and gold is down, yet by the time this post is published on our blog about buying and selling gold, the reverse may be true. That said, what factors influence gold and silver prices? Let’s take a closer look.

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Selling Your Gold? Here’s What You Need to Know

A pile of gold jewelry

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.

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Could Iran Sanctions Affect the Price of Gold?

cash for gold Bucks County

Last month, the United States government announced it would impose “the strongest sanctions in history” on Iran.

And while a lot of the news coverage on this issue dealt with how the sanctions would affect oil and gas prices, it’s worth taking a minute to ask a question any Bucks County cash for gold business might ask:

What does this mean for gold prices?

It will most likely give them a boost, at least according to some analysts.

“The news should come as some welcome relief to anyone who owns the metal as its performance hasn’t been exactly stellar of late,” writes Simon Constable in Forbes. “The price of gold was recently trading around $1,293 a troy ounce, down from an average of around $1,332 in January, according to data from the London Bullion Market Association, a U.K.-based metals market trade group.”

The new sanctions make it illegal for anyone in the U.S. to do business with Iran, while also virtually prohibiting the use of any major bank for Iranian trade.

But what does that have to do with gold?

According to Forbes, the U.S. is trying to close a loophole that allows the use of precious metals to get around the sanctions. But Constable also notes that the government is unlikely to succeed.

“Part of the reasoning is that gold has a long history of use when other currencies are unusable,” he writes. “On top of that, gold has long been used in Iran, both by the government and the people, both to store value and to skirt sanctions.”

Gold is useful now for the same reason it was a few hundred or a few thousand years ago: it’s works as a form of currency when banks are off limits.

It’s especially valuable in Iran, Forbes notes: The country is dealing with substantial inflation and has a long history of selling oil for gold. All of this adds up to a situation where gold will be in greater demand.

Getting cash for your gold

Gold has always made a good investment, particularly for people who are focused on preserving their wealth. We like to refer readers to this quote about gold investment from our owner, Greg Glemser:

“It’s the idea that I want my $100 today to be worth $100 next year. You’re not really investing to make money, you’re investing to preserve the money you have.”

At the same time, you might be in a situation where you need cash and begin to shop around for Bucks County cash for gold businesses.

If that’s the case, we’d recommend taking these steps before you sell:

Know the value of what you’re selling

There are plenty of online sources that can tell you the current market price of gold and other precious metals. (We track precious metal spot prices on our home page.)

You should also know the karats of your gold jewelry before you sell. For example, something that was 14 karats would be 14 parts gold and 10 parts other metals (gold is too soft to be used in jewelry and must be combined with other materials in order to last).

When you know the karats of your gold, and the current gold prices, you’ll be in a better positioning when negotiating with a buyer.

Shop around

There’s no rule that says you need to take the first offer you get for your gold. Shop around at different Bucks County cash for gold buyers and choose someone you trust.

Doylestown Gold Exchange has spent more than two decades establishing itself as a trustworthy buyer of gold. We don’t just aim for a one-time sale but look to build long-term relationships with customers who want to buy gold, sell gold, or have jewelry appraised.

Contact us today or pay us a visit to find out how we can help you get the best value for your gold.

Identifying Markings on Your Gold & Silver Jewelry

Wedding ringsThe markings you see on gold and silver jewelry were typically put there for the same reason: to let buyers know about the purity of the metal.

But different types of metals can carry different markings. If you’re looking to sell gold jewelry in Bucks County, you may want to study this guide to identifying these marks.

Silver

Silver is a soft metal, which makes it good for intricate designs, although not very durable. That’s why jewelry makers often mix silver with other metals, such as copper, to give it more strength. The purest type of silver used in making silver jewelry is known as sterling silver.

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Gold is Up – Time to Scrap!

Over the past few months we have seen gold on the rise up to $1300 an ounce which we haven’t seen in many years.  With this price rise, the Doylestown Gold Exchange has seen a large uptick in customers coming in to get rid of the unwanted jewelry or jewelry they may have inherited through an estate, and to sell gold in Bucks County.

When gold was close to $2,000 an ounce, it seemed like there was a buy gold shop popping up on every corner, but in the last 4 years it has dropped almost 50% and many of those have long gone out of business.  As in many markets when there is a decline, it weeds out the shops that may not be trustworthy, and helps to show the shops that are fair and around for the long haul.

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Looking for a Last-Minute Gift?

As the holidays come upon us, we always say I can’t believe it is here and I have so much to do. So if you find yourself in that situation, the first and only place think of is The Doylestown Gold Exchange.  Doylestown Gold Exchange offers  wide variety of gifts that will fit anyone’s needs.

With a Graduate Gemologist on staff we can help you find that beautiful diamond engagement ring to pop the big question, or help you purchase a nice diamond pendant or diamond earrings at prices that can’t be beat.

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Antique Road Show Event at Doylestown Gold Exchange

Antique Road Show Event: buying and selling goldOn 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.

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