Posts Tagged ‘ Precious metal ’

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 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.

Rapid Reporting: Gold Bullion made a bad batch! Jamie Campany

Gold Bullion made a bad batch!

In a world of economic turmoil, downgraded status, and the U.S. dollar sinking faster than the Titanic, many of us are scrambling to find a secure, safe and reliable means of investing our monies.  Precious metals, such as gold bullion gives us that security we are all craving.  However, here is a “BUYER BEWARE” scam that is sweeping the nation.  There are “brokers” running around and targeting our senior citizens to quickly invest their savings into these precious metals, but only taking the money, not bringing back the metals they “invested”.  As with anytime you are looking to invest, due diligence is required to fully investigate any and all companies!

Gold - Bullion Bars

In Florida, these precious metal exchange stores were going up faster than Starbucks, Walgreens and medicial dispensaries combined!  Most recently, Gold Bullion Exchange founder, Jamie Campany, plead guilty to fraud.

 He was one of many who took client’s money with no intent to purchase the precious metals he promised.  Ok, that’s the bad news.  Good news, is now this under regulated commodity is now over-sought by US Commodity Futures Commission.  If the trade of monies to bullion isn’t finalized (metal being delivered to the original buyer) within 28 days, that is a violation of the new law and the federal government prosecute.Lee Josephson, of Raymond Lee Jewlers suggests, “It is always a good time to buy precious metals. As the currency continues to get weaker precious metals continue to rise.” Raymond Lee Jewelers buys Bullion and Gold.

Las Vegas Antique Jewelry & Watch Show: Booth #1455 in Action

Raymond Lee Jewelers: Booth 1455

The Las Vegas Antique Jewelry & Watch Show

Raymond Lee Jewelers in Trade Show Action

Vintage Omega Constellation

Vintage Omega Ladies

Vintage Rolex

TOMTOM JEWELRY’s ‘Future ’70s’ Collection: Back In Time With An Architectural Twist

Another Refinery29.com Style Find: TomTom‘s new ’70s-inspired jewelry collection.

TomTom's 'Future '70s' Jewelry Collection

Future 70s Studded Rings by TomTom Jewelry

The various pieces of wearable art by TOMTOM JEWELRY has been a favorite among the press, celebrities, fashionistas and creative expression enthusiasts from the launch of the first collection in 2009. An established architect turned jewelry designer, Elena Coleman Howell utilized her design prowis to conquer graphic design and architecture integration. The result was TOMTOM JEWELRY, a successful modern twist to retro creations that is giving jewelry lines everywhere a run for their money.

While it is easy to spot the detailed precision in certain aspects of the pieces, the jewelry isn’t overly industrial or masculine. There is an element to every piece that brings a beautiful and delicate strength to geometric shapes and hammered metal textures. The unique qualities of the ‘Future ’70s’ Collection include shimmered accents to offset spike designs, the use of hand tie dyed suede to offset the bold bronze chains and hardware and thin golden chains to add a dash of delicate femininity to a totally rocking necklace that can be dressed up, down and manipulated with every chosen ensemble! 

“Tribal Matters” ring. It’s available in seven different finishes, I suggest getting a variation of both gold and silver, and it’s just one of the stunning pieces Elena offers up on her website. $155.

Image Via: thefashionfiend.com

TomTom’s 2011 Jewelry Collection

Demi Lovato in TOM TOM JEWELRY 'IN MY MIND' bracelet.

Kim Kardashian in TOMTOM JEWELRY 'LEGACY' Necklace

Demi Locato wearing TOMTOM JEWELERY 'DANCE ALL NIGHT' earrings

'Dance All Night' earrings by TOMTOM JEWELRY

TOMTOM JEWELRY ‘About’:

With an emphasis on geometry and material interplay, Elena utilizes
digital fabrication techniques such as 3D printing and waterjet + laserjet
cutting to design unique statement jewelry.

In 2010 Elena partnered with Walt Disney Signature to design a capsule
collection of jewelry inspired by the film TRON: Legacy.

TOMTOM Jewelry is carried worldwide and has been featured in The New
York Times, The Wall Street Journal, Women’s Wear Daily, Vogue Italia,
Marie Claire, Cosmopolitan, InStyle and numerous other publications.

Elena holds a Master of Architecture from SCI-Arc and a Bachelor of Arts
in English from UC Berkeley.

“Future 70s,” the collection includes studded rings, pyramid earrings, gunmetal necklaces, quartz pendants, and high-end agate and lapis pieces. -By Becky Bratu

Find More of This Collection at:  http://tomtomjewelry.com/

Find the TOMTOM JEWELRY Blog at:  http://tomtomjewelry.tumblr.com/

'FOR FALL, TOMTOM CRYSTALS AS BIG AS YOUR FINGER.'

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.

Jersey Shore’s Snooki Has A New Jewelry Line- Buy Sell Jewelry

Buy Sell Jewelry

Buy Sell Jewelry

The latest celebrity (I use that term very loosely)  to enter the jewelry market is Nicole “Snooki” Polizzi, who just released her own line on January 1st. Apparently there is no requirement for actual talent to create your own jewelry line but I digress… Snooki’s line will be available on Diamondshark.com.

Diamondshark.com is a popular online store that offers great deals on lower end diamond, gold, platinum and silver jewelry. A new item is posted at midnight and is available for only 24 hours at a low price. Normally the item sells out before the 24 hour period ends. Buy Sell Jewelry.

Snooki will be releasing a different piece every month of the year and is currently working on a special piece for Valentine’s day. The first piece released this month was a 1 ct. lab-created pink sapphire Snooki Party Ball 2011 Limited Edition Pendant retailing for $49,  2,011 pendants have been produced. The line will eventually include rings, necklaces, bracelets and earrings. The prices will typically range between $25-$50.

-Carlos at Raymond Lee Jewelers

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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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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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Tiffany & Co. Elsa Peretti Platinum Diamond Bean Pendant- Collateral Loan

Collateral Loan

Collateral Loan

The bean pendant is said to represents the origins of all things, and with its simple and organic aesthetic it has become one of Tiffany & Co.’s top sellers. Designed by Elsa Peretti, one of Tiffany & Co.’s greatest designers. The world-renowned jewelry designer joined Tiffany & Co. in 1974. Her amazingly fresh approach is characterized by the stylization of natural and organic forms such as bones, beans, hearts, apples and teardrops. She has created other popular collections including Diamonds by the Yard, Open Heart, Sevillana, and Teardrop. Elsa Peretti’s is best known for her works in sterling silver, which have brought sterling silver back to the forefront of the jewelry world. The bean pendent is only one example of her ingenuity and design expertise.

The bean pendant is commonly crafted out of gold or platinum and left bare, radiating in its simplicity. The piece we have available is 16 inches long and made out of platinum that is adorned with .61 carats of pave diamonds. This Tiffany & Co. Elsa Peretti Platinum Diamond Bean Pendant is an all-time classic and favorite among women of all ages.

-Carlos at Raymond Lee Jewelers

Home to one of the most reputable collateral loans.

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World’s Largest Coin Sells For $4 Million in Austria

What weighs 220-pounds, is made from the purest 999.99/1000 gold, and sells for $4 million? The world’s largest coin.

The coin bears a large image of Queen Elizabeth II on one side, while the other side has three maple leaves. Originally on loan to the “Munzkabinett” of the Kunthistorisches Museum in Vienna, which houses one of the world’s largest coin collections.

Aside from the coin’s enormous size, what was responsible for such a high sales value? The rocketing price of gold  ($1162 / oz as of 7/28/10). The face value of this coin is worth “only” $960,000, but gold’s market value has increased the worth of this coin to up to $4 million. The patron responsible for paying this hefty value was Oro Direct, a Spanish precious metal trading company.

By Raymond Lee Jewelers.

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