Posts Tagged ‘ price of gold ’

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 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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