Posts Tagged ‘ Buy Gold ’

What Does the High Price of Gold Mean?

Over the past few days, the price of gold has skyrocketed, reaching record highs and even briefly surpassing platinum prices. As the uncertain future of the US economy and European markets make traders nervous, gold continues to seem like a sure bet – making it even more valuable. But what does the higher price of gold actually mean?

Criminals have noticed that Gold is more expensive too.

gold, gold price, jewelery, raymond lee jewelers

Noah Seelam/AFP/Getty Images

A wave of gold-related robberies and thefts have been reported across the globe. Matthew Phillips of Freakonomics blog reports on L.A.’s rash of street-robberies and smash-n-grabs, as well as robberies and street muggings in Iraq and Guyana. Retailers and the general public should be extra vigilant while gold prices soar.

Gold will continue to be a desirable addition to investor portfolios.

Raymond lee Jewelers, Kitco gold prices

Gold Prices for 8/23/11

According to the Wall Street Journal, “…a selloff in gold is unlikely in the current economic environment as investors will be hard put to find an alternative asset that can protect their wealth as well as gold,” said George Gero, a vice president with RBC Capital Markets Global Futures.

Traders will be affected by the price of gold in the markets.

Raymond Lee Jewelers in action at an auction.

For the second time this year, The Shanghai Gold Exchange raised the margin requirements on gold futures contracts by 1%, making investors pay more up front to buy gold.

Big Prices mean Big Business for Jewelers who buy gold.

Raymond Lee Jewelers - We Buy Gold

As the line for gold prices ticks up on market graphs, the lines out the doors of jewelers grow longer. Americans looking to cash in on their unwanted or unworn gold are flocking to jewelers who buy gold. Once scrap gold is purchased, it can be purified and turned into gold bars or re-cast for different pieces of jewelry.

Readers, have you sold gold before? Are you more likely to now that you can earn a substantial amount for the gold you own? And jewelers – have you noticed an uptick in business (we have at Raymond Lee Jewelers!)? Have you beefed up security measures in light of gold’s higher prices?

Discuss below,

Liz for Raymond Lee Jewelers, South Florida’s most trusted gold and jewelry buyers.

Visit Raymond Lee Jewelers at Booth #1455: The Las Vegas Antique Jewelry & Watch Show

Now through June 5th, 2011 Raymond Lee Jewelers can be found at Booth #1455 of The Las Vegas Antique Jewelry & Watch Show, exhibiting an impressive collection of vintage watch and jewelry inventory!

Stop by and visit the largest Trade Show of its kind in the USA. For more information on US Antique Shows, please visit http://www.usantiqueshows.com/.

Thus far, all reports show that the 2011 Las Vegas Antique Jewelry & Watch Show is an abundant success. With many visitors to the famous trade show, and the recent partnership with Polygon, Exhibitors and Attendees to this year’s Trade Show are being offered extended areas of service this season.

The Raymond Lee Jewelers Booth (#1455) was set up yesterday, and I was able to obtain this photograph.. (Pre-Setup) 🙂

Stay Tuned for Rapid Reporting Updates on the 2011 Las Vegas Antique Jewelry & Watch Show!

Raymond Lee Jewelers: Booth #1455

Gold Rises Above $1,500 an Ounce for the First Time Ever

Oil Prices, if you haven’t noticed, are skyrocketing to all new highs across the Country. The value of the USD has been steadily decreasing over a span of fifteen consecutive months, reaching a record-breaking low on Wednesday.

Daily Markets analyst Michael Snyder explains that as a result of the progressive weakening of the US Dollar, the appeal of Gold and Silver is boosted.  There are also high demands for gold from emerging economies like China and India, which help to fuel the rise in gold’s value.

Spot gold traded at $1,505.21 an ounce and was bid at $1,505.16 an ounce at 5:42 a.m. ET, against $1,493.90 late in New York on Tuesday, Reuters reported.

….Read more

Mike Maloney on the continued rise of value in Gold

What This All Means for Our Readers, Customers and Consumers Nationwide:

In these challenging economic times, many consumers have taken advantage of selling rarely worn jewelry pieces, high-end watches, and even scrap gold and silver. With payouts for these metals at an all-time high, it’s best to strike while the iron is hot!

If you have any pieces of gold jewelry that have been sitting in a drawer or treasure box at home for years, timepieces or wristwatches that have gone unworn, or even gold coins that you have considered selling…  NOW is the time.

This very well may be your last chance to make such strong a profit from your gold pieces.  Below you will find a list of the prices are currently paying for Gold at Raymond Lee Jewelers.  At $1503 per oz., Raymond Lee Jewelers is currently paying out the following:

Gold per dwt:

10K – $22.55

14K – $37.58

18K – $51.10

Gold per gram:

10K – $15.00

14K – $25.00

18K – $34.07

Gold per ounce:

10K – $450.00

14K – $752.00

18K – $1022.00

Pennyweight and grams are the two terms most commonly used to measure the weight of gold. To convert either measurement to ounces:

1 troy ounce = 20    dwt
1 troy ounce = 31.1 grams

So, if you do have some jewelry pieces or gold coins that you’ve been thinking of selling, now is the time to take those items in for an evaluation at Raymond Lee Jewelers. There is no pressure to sell, and written appraisals are available with a scheduled appointment, which can easily be made by calling us directly at (561) 750-7808.

Gold Refining Process- Buy Gold

Buy Gold

Buy Gold

With the sky rocketing price of precious metals many people are selling their gold to earn some extra cash this summer. Reputable jewelers, like Raymond Lee Jewelers, offer top dollar for gold coins, gold jewelery gold watches or other gold items, buy gold. f this gold is not suitable for resale we send it to a quality refinery which turns this gold into its purest form.

Refining gold literally deals with returning gold to its pure state by removing  impurities, this is important because reputable jewelers only use the purest form of gold. There are a couple of different methods commonly used to refine gold, the amount of gold to be refined will determine the type of method that will be used.

The most common method of refining gold is cupellation. In cupellation lead is added to the unrefined gold creating a mixture that is then heated until the gold dissolves. Once the gold dissolves into the lead the base metals are oxidized (chemically combined) to form lead oxide and the gold bullion remains. Due to the toxic fumes that comes from lead oxide, this  refining process is only suitable for small amounts of gold.

The second most common method of gold refining is called inquartation and parting. Refineries will melt gold and add to it either  silver or copper alloys. This mixture will only contain about 25% or less of pure gold. Then nitric acid and hydrochloric acids are added to the gold and alloy mixture. The addition of these acids will flush out the alloys and leave a sludge like gold residue. The sludge is then washed, filtered and dried for use. This process is capable of producing a gold purity of 99.99% and is best suited for use with lower carat gold.

We here at Raymond Lee Jewelers take pride in our knowledge of the jewelery industry. With this knowledge we are able to provide you with the highest quality of service and pay the highest rate for your gold.

-Carlos at Raymond Lee Jewelers

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