Posts Tagged ‘ Investing ’

Gold Briefly Surpasses Platinum In Price on Tuesday

Gold Key, weighing one kilogram is used to acc...

Will Gold Surpass Platinum?

For a little while on Tuesday of this week, gold was more valuable than platinum! That’s right!

Typically you might find that platinum is roughly twice the price of gold. That’s why platinum members of any group or credit card get more perks, and that’s why recording artist always strive to have their recordings go platinum, not gold.

We can thank the economy and its pending threat to dip again for this, as investors have been hesitant to invest in many things, they have turned to gold and gold has responded like a champ. I didn’t think I’d ever write this sentence, “Gold is 1,782.50 an ounce”. But I did, and I may not be done writing new things yet!

Several industry experts have chimed in on the phenomenon. Lee Josephson, VP of Raymond Lee Jewelers in Boca Raton isn’t one that believes this will affect the retail sales of jewelry,  however. “There is still a certain allure to buying platinum,” Mr. Josephson said. “So, it’s not the price that affects consumers as much. There is still the perception that platinum is more prestigious.” And we agree.

Byron King, senior analyst of Agora Financial in Baltimore says, “When you travel to the Middle East, every town and mall of any significance has a ‘gold souk,’ where the merchants gather to buy and sell gold items. I’ve never seen a ‘platinum souk,'”

Some precious metals dealers, such as James DiGeorgia, believe that since platinum mainly serves as an industrial metal, it could eventually take a second seat to gold in light of the economic situations on a global scale.

Rolex Watches: Time to Invest

Exquisite Timepieces.. Ahead of Their Time 

Rolex watches have been an icon of ingenuity, precision and craftsmanship since the early 1900’s. It was over a hundred years ago that Rolex wristwatches designated the ultimate compass of quality and design in timepieces. Over a century of accomplishment and innovation by Rolex watch designs include chronometer certification, self-winding mechanisms, automatic time calibration and quartz movement. A name synonymous with luxury and precision, Rolex is the largest single luxury watch brand and among the 100 most valuable global brands.

Rolex Deep Sea

Founded in 1905, “Wilsdorf and Davis” began manufacturing and distributing wristwatches to jewelers in surrounding areas of London. Hans Wilsdorf and brother-in-law, Alfred Davis officially changed the trademark to “Rolex” in 1908 and opened an office in Switzerland. Rolex received the first ever Official Chronometer Certification to be awarded to a wristwatch just two years later. Becoming the first in 1910, Rolex remains the record holder today for most certified chronometer movements in wristwatches.

Hans Wilsdorf and Alfred Davis continued breaking records with the exceptional precision of Rolex wristwatches, awarded with a Class “A” precision certificate in 1914 from The Kew Observatory in Great Britain. The flawless designs of remarkable engineering are seen as clearly today as they had been recognized on those infamous early decades of the 20th century. Rolex wristwatches are certainly standing the test of time, with continued innovation and impeccable quality.

A previously-owned Rolex watch has been revered and suggested as one of the wisest investment choices in both England and America. With retail prices for brand new models rising, there has been an increased popularity and availability of previously-owned Rolex watches. Rolex watches, particularly GMT-Master, Daytona and Submariner models have proven to maintain, and often rise in value over time.

Rolex Wristwatch

As consumers, we may never see a more fitting time to invest in a classic timepiece by Rolex. With jewelry retailers offering previously-owned Rolex watches with CW21 certification at remarkably affordable rates, it is undoubtedly time (no pun intended) to invest in a previously-owned luxury Rolex watch. The time to invest in a Rolex is at an all time high for luxury previously owned models. Raymond Lee Jewelers prides itself in being an industry leader in luxury pre-owned watches.  Located in the heart of Boca Raton, Florida, Raymond Lee Jewelers can offer the best value high end watches on the web.

Whether purchased for a loved one (this includes you), or for future use as a family keepsake, there has never been a better time to invest in a previously-owned Rolex wristwatch. As the ultimate emblem of innovation, accomplishment and cultural heritage, a previously-owned Rolex watch is not only a wise investment, but a sentimental and symbolic one as well.

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Since 1983 Raymond Lee Jewelers has been a leader in buying and selling luxury preowned watches. Every watch Raymond Lee buys and sells is fully inspected and serviced by a our on-site certifed watch technician. At Raymond Lee Jewelers, we are able to provide the best prices on the web because of the volume of high end watches watches bought and sold.

CLICK HERE for Additional Info on luxury Pre-Owned Watches, Watch Trades and Watch Repair at Raymond Lee Jewelers

 Search our Luxury Pre-Owned Watches or Contact Us for Further Information.

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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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