The market for precious metals continues to rise despite an overall drop in the economy. With gold hovering at around $1,600.00 an ounce and silver just under $28.00 an ounce selling your unwanted precious metals can be more lucrative then any other time in recent history. The current price of gold has risen nearly 300% over the last ten years. The increase in demand for precious metals has created a plethora of new businesses designed to help consumers sell their scrap gold and silver or buy silver from others. Late night TV commercials for companies like “Cash for Gold” owned by United Jewelry Buyers gives the consumer the option to mail their jewelry off to the company in an envelope and receive a cash offer for their metals. Continue reading Consumer Options for Selling Gold and Silver Getting More Creative
Investing in Precious Metals Like Gold
I have been noticing that the price of gold and silver has not declined recently even though the economy has not been doing all that well. Instead, the price of gold and silver are actually increasing on a fairly steady basis. It is pretty interesting how these metals hold their value despite what economic woes the world might be going through at any point in time. I would imagine that the price of gold has gone up in the past as well during economic strife, but I haven’t actually done the research to back up that notion. I do know that gold and silver have been used as currency across the world for many thousands of years. Continue reading Investing in Precious Metals Like Gold