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.
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.
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.
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:
According to Michael J. Kosares, one of the country’s foremost gold experts and the author of numerous books on the gold market, gold should essentially be thought of as ‘wealth insurance.’
“You cannot approach [gold] the way you approach stock or real estate investments,” Kosares says. “Timing is not the real issue. The first question you need to ask yourself is whether or not you believe you need to own gold. If you answer that question in the affirmative,” he goes on to say, “there is no point in delaying your actual purchase, or waiting for a more favorable price which may or may not appear.”
In other words, gold is one of the most secure financial investments available, and if you’re ready to diversity your investment portfolio with the addition of gold, there’s not much point in waiting for prices to fall, which tends to happen during times of economic crisis. There were periods during the height of the 2008 financial crisis, for instance, during which demand for gold was so great that actual shortages occurred.
So yes, now certainly is a good time to buy gold, which, aside from its positive relationship with the US dollar, has been performing well in other currencies for a few months now.
Unless you happen to be a fairly economically secure individual—someone, for instance, with a broad range of financial investments—you’re probably not in the habit of staying up to date on the fluctuations in the gold market.
And if you don’t have a few dozen gold bullion bars stashed away in a security vault somewhere, why should you, right?
Well … that’s not necessarily the case. And here’s why: Gold has lately been trading at record highs. And if you’re like most people, you may have more access to potentially valuable gold items than you realize.
Of course, as is the case with the rest of the world’s major commodities markets, the price of gold fluctuates on a daily basis. But since 2010, the price of gold has barely dropped below $1,200 an ounce, which is roughly what it’s trading at right now.
When Gold Is Overpriced, You Might Want to Sell
At the time of this writing, gold’s price per ounce was exactly $1,192.23. At various points over the past two years, the per-ounce rate has risen as high as $1,800. For just one ounce!
Gold is a great way to get ahead financially, and it makes a marvelous investment that you can appreciate wherever you are. For a lot of people, owning gold can be one of the most satisfying types of investments, bar none. When you want to get ahead and grow your wealth, gold can be a great way to do so.
The Price of Gold Generally Rises
The biggest problem with a lot of “investments” over the past few years is that their prices have fallen instead of risen. This isn’t so bad when you’re ready to buy them. But when you’re looking to cash out and use some of the money you’ve waited so long for, this can be a serious heart breaker.
The big problem with investments that tend to stay where they are—or worse, go down in value—is that you might actually need that money someday for something important. Your kids need to go to school, and you need to retire some day. It almost seems as if some investments assume you just want them for fun, instead of as a way to grow your wealth.