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Tag Archives: cash for gold

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.

Is Now A Good Time To Sell Gold?

sell gold Bucks County PA

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!

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Need Extra Cash? Why Not Host a Gold Party?

host a gold party Bucks County PAYou’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.

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Why You Should Seriously Consider Investing In Gold

investing in gold Bucks County PAGold 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.

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How to Make Extra Cash for the Holidays: Tips for Selling Gold and Silver

selling gold and silver

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.

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We Do It All at the Doylestown Gold Exchange

Doylestown GoldDoylestown Gold Exchange is more than a jewelry store or precious metal shop. It’s a family owned and operated business with over 20 years of experience in the gem and precious metal industry. Every day customers come into to sell items, gain knowledge, and purchase fine jewelry.

We aim to serve the local Doylestown community, and that’s why we have worked hard to offer a large array of services. We are a one-stop shop for buyers and sellers alike. Whether you’re selling gold, looking to repair a beloved watch or reset a precious stone, our staff is ready to utilize their expertise so customers can leave happy. Continue reading We Do It All at the Doylestown Gold Exchange

Expert Jewelry and Watch Repair at Doylestown Gold Exchange

You may think of Doylestown Gold Exchange as just the place to sell your old gold and jewelry ―but we are so much more than that! Entrust us to repair your valuable and treasured jewelry and watches as well.

Expert Watch Repair

Do you find yourself overlooking a beautiful or sentimental watch simply because it has stopped working? Let the experienced watch repairman at Doylestown Gold Exchange & Jewelers put this worthy time-piece back on your wrist where it belongs!

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Selling Your Gold: Three Benefits of a Community-Based Graduate Gemologist

Selling Your Gold: Three Benefits of a Community-Based Graduate GemologistSelling your gold and silver jewelry for cash can be an intimidating process. This is why it is especially important to use the services of a locally-owned, community-based gold sales outlet with a graduate gemologist on staff. This is preferable to an anonymous mail order or online business for a host of reasons, including:

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Doylestown Gold Exchange Offers Free Appraisals

Bring in your item, even if you’re unsure if you want to sell

Doylestown Gold Exchange Offers Free AppraisalsWhen it comes to selling gold for cash, there are as many reasons why people decide to sell your old and broken jewelry as there are people. It might be to help ends meet, to help fund an once-in-a-lifetime trip, or simply an effort to pair-down and live more simply.

Whatever the reason may be, the fact remains that gold is one of the costliest metals on Earth, and one of the oldest measures of wealth. It has been used for various purposes but most notably it has been used as a currency. Although most people think of gold only for making jewelry products, its value as an asset is strong, and now might be the perfect time for you to sell your gold for cash.

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What Does Cash For Gold Mean To You?

Cash for GoldLike many people, you may have unwanted gold and silver items that you’ve considered selling. That broken hoop earring or estate sale ring sitting in your jewelry box could be cash in your hand. We purchase everything from engagement rings to silverware. Did you know most homes have between $500 – $1000 worth of gold and precious metals? Don’t let valuable items just sit in a drawer at home. Selling your jewelry is a fast way to make extra cash when you need it most.

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