Posts Tagged ‘ Gold as an investment ’

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.

Gold Prices Jump Past $1,400 AGAIN!

500g silver bullion bar produced by Johnson Ma...
Image via Wikipedia

The price of gold has been surging this year but saw a small dip last month, falling below its record breaking and headline making high of $1,424.50 an ounce. On Friday December 3rd gold once again delighted investors when it settled $6 dollars shy of its record high. Many market analysts are saying it is only a matter of time till gold goes even higher and set a new record. It seems I will be blogging about the price of gold for quite some time.

The reason for this latest spike is less exciting, gold prices rose in reaction to the Labor Departments latest announcement that unemployment reached a hit 9.8. This is the highest level of unemployment in months and added further doubts that the U.S economy will recover anytime soon. Investors are still not confident of in the dollar and area searching for assets that seem like safe havens. Europe’s Euro is facing similar problems creating a prolonged bull market for precious metals. Collateral loan.

On  a related note the prices of silver also rose! I wrote about the amazing and volatile silver market last week. The price of silver was up 38 cents at $29.76 and is strongly expected to reach a 30 year high of $30.

-Carlos at Raymond Lee Jewelers

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Buy Sell Gold – Gold Keeps on Rising! Hits Record Peak.

Buy Sell Gold

Buy Sell Gold

Raymond Lee Jewelers will be keeping you up to date on the current buy sell gold and the gold market in general, which as I type this is still rising. This Thursday (September 16th) gold prices hit $1,273 per-ounce and according to some analysts it may rise or even top $1,300 an ounce. The most-actively traded gold contract, for December delivery, rose $3.70, or 0.3%, to settle at a record $1,277.50 a troy ounce on the Comex division of the New York Mercantile Exchange.

This rise in prices of gold can be attributed to the slow U.S. job growth and other less than satisfactory economic indicators. As the economy slowly recovers from the global recession the U.S. government is hoping to speed things up with a new round of stimulating asset purchases. These purchases in turn worry investors who feel that the dollar may be weakened by these actions and turn to gold as an inflation hedge.

Europe has played a part in the rise of gold as well as the euro has fallen on reports that some countries may need drastic loans, such as Ireland. Due to the fact that gold is not linked to economic cycles as closely as copper or oil, it is thought to be a safer asset.

Raymond Lee Jewelers hopes you will choose us when you decide to sell your gold. We offer the highest prices paid for your gold. The surrounding community has entrusted us with their gold since 1983. If you are located in the South Florida area and have gold to sell, feel free to stop into our Boca Raton location or make an appointment with one of our buyers at our Boynton location to sell gold. We will carefully evaluate your gold items, make you an offer and we will pay you on the spot. If you do not wish to gold sell, there is no further obligation.

-Carlos at Raymond Lee Jewelers

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Sell Gold – Gold Is Going Up . $1245 Today ! How Much Is My Gold Worth Today ?

sell gold, gold buyer, buy sell gold

Image via Wikipedia

Wow! Gold is so high today. $1245 today. How much is my gold worth? Well at $1245 your gold is worth: 14kt gold is worth $622.50 per ounce. 18kt gold is worth $847 per ounce. Not sure whether to take advantage of today’s gold price. We think it may go higher! Way higher. In fact, some believe gold may be as high as $1500 per ounce sometime soon.

Don’t miss the opportunity to capitalize on the high price of gold. This is a great time to buy and sell gold. Not just gold jewelry, buying gold coins is a good idea too. At least we think so. We purchase gold coins ever day no matter what the price of gold is. We believe in the price of gold. Do you?

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Gold Is Over $1200 Per Ounce! How Much Is Your Gold Worth Today?

Crystaline Gold
Image via Wikipedia

Whatever it is that caused the market to drop 1000 points in a day, the Greece riots and euro instability affected precious metals, especially gold in a big way! Some speculate that the market collapse was due to a trading error. Others  say the market crash was attributed to policies associated with a stock being traded on one market and not being traded on another.When was the last time the euro was $1.27 against the dollar? Holy cow!  Maybe it was just a bad day for investors? Not all investors! People that believe in the power of gold are excited this week. Today is Saturday, always a scary day for the gold market when it closes high, especially if you have not sold at that high. What will monday morning bring for the price of gold?The fact the U.S. unemployment rate hit 9.9%, even though we added over 200,000 jobs to the economy has caused scare in the economy. Because of this investors flock to gold. The over all feeling is that gold is strong going into the weekend and will continue into early next week. There are a ton of factors that will contribute to the price of gold next week. Germany holds the key to almost 30 billion in bail out dollars. Which has mostly been approved in Germany to go forward. It is possible that financial troubles can spread throughout the European Union. Besides problems outside the USA, how will the market perform or not perform next week. Gold at over $1200 per ounce is very high. Can it go higher? Sure. How high? Who knows. We will see.

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