Posts Tagged ‘ sell 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

Las Vegas Antique Jewelry & Watch Trade Show: Rapid Reporting via The Raymond Lee Jewelers Blog

“We’re waiting to get in..”
-Wednesday, June 1st 12:53p.m.

This was a message received while the crew of Raymond Lee Jewelers Las Vegas Venturers awaited the opening of Paris Hotel’s Grand Ballroom, where initial steps to register for the Las Vegas Antique Jewelery & Trade Show were about to commence.

2011 Las Vegas Antique Jewelry & Watch Show

Today, June 2nd, will mark the first day of the annual Antique Jewelry & Watch Show in Las Vegas, the largest trade show of its kind in the United States.  For more information about US Antique Shows, including their upcoming Chicago based jewelry exhibit, visithttp://usantiqueshows.com/

Las Vegas Antique Jewelry & Watch Show Registration: June 1st (1:14pm EST)

It has been officially confirmed that Raymond Lee Jewelers have successfully been cleared through all the ropes, and starting today through June 5th, you can find us at Booth #1455, Paris Hotel Antique Jewelry & Watch Show held in the Banquet Hall.

Please visit http://www.glmshows.com for further information regarding the US Antique Trade Shows, and for ticket, directions or hotel specials available!

Hours are 11am to 7pm Today through Saturday and 11am to 4pm on Sunday

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.

Raymond Lee Jewelers at the Barrett-Jackson Palm Beach 2011 Auction: Buying Your Jewelry!

West Palm Beach

Image via Wikipedia

Raymond Lee Jewelers is proud to announce its upcoming participation in the Palm Beach 2011 Barrett-Jackson Collector Car Event!

The Barrett-Jackson Palm Beach 2011 Auction will be taking place April 7th- 9th, 2011 at the South Florida Fairgrounds in Palm Beach, Florida.

We will be present all three days of the Event, located at Booth EH32. As the Auction draws near, we will keep all of our valued readers updated as to exactly where you can find us at the South Florida Fairgrounds during the Palm Beach 2011 Barrett-Jackson Collector Car Event.

Raymond Lee Jewelers will be offering to purchase your designer jewelry or timepieces, offering an impressive display of designer jewelry and luxury timepieces for purchase, as well as giving visitors the option to trade their luxury jewelry pieces.

Looking Forward to Seeing You There!

——————————————————

Event and Ticket Information:

9th Annual Barrett-Jackson Palm Beach Collector Car Auction

South Florida Fairgrounds

9067 Southern Blvd

West Palm Beach, FL  33411

(480) 663-6255

Click Here for Site Map

Purchase Your Tickets for the Barrett-Jackson Palm Beach 2011 Auction HERE!

Most Stunning Jewelry at the Oscars?- Sell Gold

Sell Gold

Sell Gold

This year’s Oscars was pretty lackluster compared to previous years; between hosts James Franco’s barely disguised disdain for the entire event,  no surprise wins (Social Network was largely ignored) and the painfully middle of the road jokes, this year’s Oscars was one of the worst in recent memory. It seem the red carpet is one of the last vestiges of hope we have for actual entertainment on Oscar night. Luckily Hollywood’s top celebrities did not let me down as they were wearing jewelry that was truly stunning and was definitely worth watching. Sell Gold.

Perhaps the most stunning display of jewels was worn by actress Amy Adams, who is famous for her role in Enchanted and Julie & Julia. Ms. Adams was wearing an amazing $1.35 million dollars worth of gems from Cartier. On her wrist was a platinum, diamond and emerald haute joaillerie secret watch bracelet, worth $1.025 million. On her  other wrist she was sporting a 30.75 carat carved emerald bracelet adorned with 575 diamonds. The final touch on this masterpiece of decadent jewels was a pair of of platinum and diamond 2 carat stud earrings, worth approximately $35,000. Amy Adams was definitely channeling her princess character from Enchanted.

-Carlos at Raymond Lee Jewelers

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Sell Gold, The World’s Largest Coin Sold!

Sell Gold

Sell Gold

Three years ago the Canadian government introduced the worlds rarest and biggest coin, a Maple Leaf weighing 100 kg (220.5 pounds).  But what makes the coin even more rare is it’s made out of 999.99/1000 pure gold.  The coin has a face value of $1 million.  In today’s gold market the coin is actually worth four times as much as gold is trading around $1,200 per oz.  To put things in perspective the second largest coin in the world weighs only 68 kg, about two thirds of the Maple Leaf.

A few weeks ago it was auctioned off in Austria.  It sold for $4 million!  This seems like a lot, especially when you consider the mere $1 million face value it calls for.  However, if you look deeper, 4 million sounds about right.  According to kitco.com pure 24kt gold is trading at $1,183.90 per oz.  If you take into consideration the weight of the coin, 100 kg, and multiply it by the price of gold for one hundred kilograms you come to $4,179,167, which is its fair market value.  While buying this coin for $4 million may have seemed like a reach, it is actually a bargain.  I am actually surprised it did not sell for more.  The winner of the coin may want to sell gold and it looks like he would make close to a $200,000 profit.

When the coin was first introduced gold was only trading at just under $700 per oz.  The value has almost doubled in the three years since being created.  Based on the recent trends in the gold market it looks like buying this outrageous coin might actually be a good investment.

by, Seth at Raymond Lee Jewelers

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