If you’ve been paying attention to the prices of Gold and Silver, you’ll already know that in early August, the price of Gold surpassed $2,000 an ounce for the first time in history. The previous record high was in 2011 when Gold hit $1,921 an ounce. There are many different factors that affect the price of precious metals, and here are just a few…
1.Uncertain Times:
Gold has traditionally been viewed as a safe place to invest in times of crisis and since Covid-19 appeared on the scene, demand has risen dramatically
2.Media Coverage:
As the price of Gold goes up, the buzz on all of the news networks increases with interviews of analysts and investors who offer their opinions and forecasts.
This increase in attention always attracts more buyers for gold.
3.The Dollar:
With the Federal Reserve printing up trillions of dollars and then flooding those dollars into the economy as “stimulus”, the value of the dollar bills that you and I have in our checking accounts falls. In order for people to not have their personal wealth inflated away, they use those dollars to buy gold as a hedge.
What does this mean for you?
Now is a great time to sell your unwanted jewelry. Whether that be gold, silver, platinum, or diamonds. The Gold Guys are your one stop shop.
We continue to make it easy for you by guaranteeing to pay you the most based on the weight of your unwanted items. Stop in today to receive a fast and friendly, free quote. No appointments needed, just stop in at your earliest convenience.
Who knows how long the price of gold will stay this high? Come see what we can pay you given the current record high pricing of gold. The time to pay us a visit is RIGHT NOW!