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The Gold Standard vs. Fiat Money

March 9, 2021

gold ingots displayed on top of 100 dollar bills

The beauty of gold has captivated humans for thousands of years, and while it has always been cherished and sought after for its shine and elegance, it also used to serve a much larger purpose.

During the era of the gold standard, gold was a critical component of the global economy, affecting everything from international trade to the value of currency.

Here is a closer look at how the gold standard and fiat money compare to one another and why both are still important to the present-day economy.

5 real-world applications of silver

March 1, 2021

We’re all familiar with silver in the form of jewelry, silverware, and coins, but it also has many other common uses in industries across the world – and much of its value is tied to this widespread usability.

Silver is often described as the “world’s most indispensable metal,” as it is highly conductive, malleable, and ductile, in addition to having low resistivity. Silver can be flattened into fine sheets, drawn out into thin, flexible wires, and even formed into pastes, making it extremely versatile and useful in applications ranging from clothing to appliances and everywhere in between.

Because of this high usability, the global economy has a significant impact on the demand for silver. And as production increases, the price of silver typically does so, as well.

Here are five real-world applications for silver that help make it one of the most popular and valuable precious metals on the planet.

13 gold and jewelry terms to know

February 3, 2021

Selling jewelry and gold can always be a great way to turn old, tucked-away items into cash – especially when the price of gold is as high as it is right now. But before getting involved in the market, it can be helpful to understand exactly what you’re getting into from a selling perspective.

Here are 13 key gold and jewelry terms to know to help educate yourself.

Pawning gold and jewelry vs. Selling gold and jewelry

January 27, 2021

Directly Above Shot Of Jewelry By Purse On Table

Because the price of gold is higher now than it has been in years, many people are looking for the best possible way to turn their gold and other precious metals into cash.

When it comes to making quick cash, many people turn to pawnshops as a means of turning their gold, jewelry, and other items into money. On the other hand, many prefer to sell their items outright to get the process over with quickly and to walk away with cash in their hand. But which is better – pawning or selling?

Jewelry has a high retail markup compared to an item’s actual market/secondary value. Here is a breakdown of the key differences between pawning and selling to help determine which can produce the best value for your gold, jewelry, and other precious metals.

How to tell if your silverware is real sterling silver

January 12, 2021

Whether you’ve recently inherited some antique silverware or are looking to get rid of those pieces that have been collecting dust in your china cabinet for years, there’s a chance you may be able to fetch a fair amount for it. But how much your silverware is worth depends mostly on one thing: Is it sterling silver or silver-plated?

Here is a breakdown comparing sterling silverware to its most common silver substitutes, as well as a few tips on how to tell if your silverware is real sterling silver or not.

The Gold Guys Blog

The Gold Standard vs. Fiat Money

5 real-world applications of silver

13 gold and jewelry terms to know

Pawning gold and jewelry vs. Selling gold and jewelry

How to tell if your silverware is real sterling silver

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