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Due to extreme market conditions and daily fluctuations in purchasing availability, please contact your local Gold Guys store directly to confirm whether we are currently able to purchase your items. Thank you for your understanding.

Beginning Tuesday April 14 we are implementing new hours of operation at our Duluth, Maple Grove, and Woodbury locations.

Monday through Friday, 10 a.m.–7 p.m.
Saturday, 10 a.m.–6 p.m.
Sunday 11 a.m.-6 p.m.
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Why Do Governments Buy Gold? The Real Reasons Behind Precious Metal Reserves

Governments do not buy gold because they want more “stuff,” they buy it because it behaves like money.

Gold sits in a strange category most people misunderstand. It is not just jewelry, and it is not just an investment asset. It quietly operates as part of the global financial system behind the scenes.

If you want to understand why governments buy gold, and why you might want to as well, you have to understand what they are protecting themselves from. 

Read more »

999 vs 9999 Bullion: What Purity Really Means for Value

Most people assume 9999 bullion is worth more than 999 bullion.

That assumption feels logical on the surface. More purity should mean more value, right? But the market doesn’t reward purity the way most expect.

Bullion purity tells you what’s inside, not what someone will pay. Read more »

Are Goldbacks a Good Investment?

Imagine carrying real gold in your wallet, lighter than your morning coffee, but still packing real value. Sounds like a magic trick, right? It’s not. It’s called Goldbacks.

These thin, flexible notes are made with actual 24-karat gold layered inside a durable polymer. They look like paper money, feel like paper money… but they’re not paper at all. They’re gold-backed currency designed to be spent, collected, or simply admired.

In a world where cash loses value to inflation and digital payments depend on Wi-Fi behaving itself, Goldbacks offer something different: tangible, portable gold in small, usable amounts.

But here’s the catch, they come with higher premiums, limited acceptance, and a bit of a “novelty” factor.

So the real question is: Are Goldbacks actually a smart investment, or just a shiny conversation piece? Read more »

Who’s Really Steering Gold Prices?

Ever notice how gold prices seem to jump for no obvious reason?

One day it’s calm. The next, it’s bouncing like it had too much coffee. And no, it’s not just everyday investors or gold collectors driving those moves.

The real players? Central banks.

They’re the quiet giants behind the scenes, buying, selling, and influencing gold prices in ways most people never see.

And here’s why that matters: whether you’re planning to buy gold bullion or sell old jewelry, their decisions directly affect the price you pay, or the cash you walk away with.

Let’s pull back the curtain. Read more »

Is It Risky to Mail in Your Jewelry to Sell?

Thinking about mailing in your jewelry to sell, but worried it might disappear into the postal void?

You’re not alone. For many people, sending off gold, silver, or even a sentimental diamond feels like handing over a piece of your story to total strangers. It raises a very real question: is it safe to mail jewelry?

The short answer? It can be. The better answer? It depends entirely on who you trust and how you do it.

Mail-in precious metals selling has become incredibly popular because it’s convenient, fast, and lets you sell gold jewelry online without leaving your home. But like anything involving valuables, it comes with concerns, and some of them are valid.

Let’s walk through what people worry about, what can actually go wrong, and how to make sure your jewelry’s journey ends exactly where it should: safely converted into cash. Read more »