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.
Continue reading Is Now A Good Time To Buy Gold?
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!
Continue reading Is Now A Good Time To Sell Gold?
You’re probably familiar with the Tupperware parties your mother or grandmother may have had in the 1980s, or perhaps the more modern Pampered Chef parties. These events were designed to get friends together for fun, food, and some profit for the hostess.
The newest twist on these entrepreneurial efforts are gold parties. With these parties, guests can make some money rather than spending it, so they’ll be eager to attend.
Hosting a gold party is simple to do. Just get a group of friends together to come to your house with their unwanted gold. Most people have old or broken pieces of jewelry tucked away in a drawer or jewelry box and forgotten. If they bring these items to your party, not only will they have a good time getting together with friends, they could also leave with extra money in their pockets. People are often surprised at how much they’re able to receive for their gold.
Continue reading Need Extra Cash? Why Not Host a Gold Party?
Here’s a word to the wise: If you have a coin collection you’d like to sell, it’s always prudent to tread carefully. Because while the condition of you coins is certainly critical, so to is the quality of buyer you bring them to.
The majority of coin dealers, of course, are honest and reputable businessmen, although some will try to take advantage of naive sellers. So let’s take a look at some of the most important tips to keep in mind if you’re interested in selling a coin collection:
Continue reading Selling A Coin Collection? Read These Tips First!
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.
Continue reading Why You Should Seriously Consider Investing In Gold
We’re all more than familiar with the perils of the best-known Valentine’s Day gift-giving clichés: Surprise your better half with a box of chocolates, say, or a plush teddy bear clutching a single red rose on the evening of February 14, and you may find yourself on the receiving end of a less-than-enthusiastic reception come nightfall.
It almost goes without saying: Choosing just the right Valentine’s Day gift is a challenge of colossal proportions. The pressure to get it right is especially intense for men, because—and let’s just be honest here, guys—most of us aren’t terribly skilled when it comes to picking out a gift that’s romantic but not sleazy. Or a gift that’s touching, but not saccharine or cutesy. Or one that’s particularly meaningful, but not too over-the-top.
Of course, it helps immensely if you actually understand the disposition of the woman you’re buying for. Is she the type who’d be genuinely flattered by a heart-shaped box of candy? Or would she prefer a quietly romantic night in that didn’t involve cooking for you or the kids? Those can sometimes be tough questions to answer, even if your Valentine is a woman you’ve been sharing a home and a bed with for years.
Continue reading Doesn’t the woman in your life deserve fine jewelry for Valentine’s Day?
Doylestown Gold Exchange & Jewelers has just acquired a vintage Fender Jaguar guitar. This is an incredibly cool instrument. It’s also a rather rare guitar, and a true collector’s showpiece.
The Fender Jaguar was produced for 13 years, beginning in 1962. It introduced a number of sonic features that were designed to lure guitar players away from Gibson, which was one of the company’s main competitors at the time.
The Beach Boys’ Carl Wilson was one of the best-known guitarists who played with a Fender Jaguar during the instrument’s salad days. Indeed, the Jaguar’s earliest burst of popularity came directly from the mid-60s surf rock scene.
In the 1980s, years after Fender had cancelled production of the Jaguar, the guitar experienced an unexpected resurgence of popularity in the punk rock and new wave scenes.
But it wasn’t until the introduction of alternative rock and indie rock in the 1980s and 90s that the Jaguar’s social currency — not to mention the financial value of vintage Jaguar models, like the one we recently acquired — truly began to explode.
Continue reading Now at Doylestown Gold: A vintage Fender Jaguar guitar for sale
It may be tough to admit, but the holiday season can be a stressful time of year.
There are office parties to plan for, and family gatherings at home to cook and clean for.
If your kids have school events to attend during the season, you’ll probably find yourself needing to pick up at least a few extra presents or party supplies.
And if you’re traveling out of town to spend Christmas, Hanukkah, Kwanzaa or New Year’s with family, you’ve either got plane tickets to buy or gas tanks to fill up.
Continue reading How to Make Extra Cash for the Holidays: Tips for Selling Gold and Silver
Ah, the holiday season! For some of us, it’s perhaps the most jubilant time of year — one filled with the joys of giving and receiving.
But for others, it’s a nonstop shopping excursion filled with frustration and second-guessing. For men especially, it can be tough to know exactly what to buy for the various women in their lives: our mothers, grandmothers, sisters, wives, fiancées.
So with that in mind, here’s a can’t-miss tip for holiday season shopping: No matter what sort of woman you’re shopping for, fine jewelry is definitely one the safest gift-buying moves you can make. It’ll also be one of the most appreciated.
Continue reading Buying Fine Jewelry and Diamonds for the Holidays
According to Greg Glemser, a graduate gemologist and one of the three co-owners of Doylestown Gold Exchange & Jewelers, the customers who come into his shop with coin collections in tow almost always arrive with some variation of the same question: “What exactly do I have here?”
How Do You Know What Your Coin Collections Are Really Worth?
That’s a perfectly logical question to ask, and if you’ve ever been on the receiving end of an old and potentially valuable coin collection yourself, you’ll probably understand why.
Part of the answer, of course, is that most of us simply don’t know a whole lot about the value of coins. (Seriously: How many hardcore coin collectors do you know?)
The rest of the answer has to do with the way in which coin collections tend to appear in people’s lives.
Continue reading Why We Buy Coins and Appraise Coin Collections