3 Scenarios Where Trading Gold for Cash is a "No-Brainer"

Your goal is to make your home finances work efficiently and maximize your return on any investments. Trading your gold for cash is not for everyone. But it can be a surprisingly important, and often overlooked, strategy that can save you serious time, effort, and headaches.

Let's take a look at three common scenarios in which trading gold for cash makes perfect sense -- you might even call these situations "no-brainers."

Scenario #1: You collect a surprise inheritance during a time of personal financial turmoil.

Say your great aunt Terry passes away and leaves you a generous inheritance, including gold and silver jewelry and keepsakes. This windfall comes at a crucial time for your family: you're behind on the mortgage and knee-deep in credit card debt. You could save the gold and continue to plow through your financial headaches without relief. But why bother? Sell the jewelry, at least the pieces that don't have major sentimental value, and leverage the cash influx to wipe out your debt and pull away from the brink of foreclosure.

Scenario #2: You sell gold to further your financial education.

It took Warren Buffet decades to grasp the intricacies of business investing and build up Berkshire Hathaway to its current preeminent status. Learning about money takes time, effort, and careful experimentation. If you're at all interested in exploring gold or silver commodities trading, it helps to practice buying and selling. You don't have to sell your great great grandma's treasured ring that she brought over from the Old Country to get started. Use non-sentimental pieces. But get started! Cash for gold trading can lead to lucrative and exciting adventures.

Scenario #3: You trade gold to finance a new business.

Start-up enterprises -- be they new Internet companies or mom-and-pop "brick-and-mortar" shops -- require a jolt of investment capital during the early days. Where do you get this money? Maybe a generous family member will underwrite your endeavor. Or maybe you can convince a venture capitalist to fund your dream. Here's a great alternative: trade gold for cash, and avoid taking out a massive loan or racking up credit card debt. Leverage your assets to manage some of the risk of starting up your business.

To find out more about selling your gold  - call us at 818 Joe Gold. We are located in Southern California, Las Vegas, and Hawaii. Check out our site for locations at www.cash2goldexchange.com.

What You Need to Know About Selling Your Gold

Should you be selling your gold? As worries over the recession have
now given way to worries about inflation, rates for selling gold remain
at a high. Consider this: Just 10 years ago, a troy ounce of gold fetched
sellers around $300 (click here for data on gold price history across the world).
That same amount today now puts around $1,300 directly in
people’s pockets. Excess jewelry and watches, once the material signs
of wealth and status, are more and more becoming unnecessary items.
If the recession taught us anything, it’s that in times of financial duress,
people naturally tend to downsize. What’s most important to downsizers
is establishing a secure future and, right now, gold is helping sellers
of all ages earn extra cash to put towards college tuitions, mortgages,
debts and retirement funds. But even if your jewelry box isn’t full of gilded
adornments, broken/bent jewelry and gold coins are also common sources
for potential cash.

At the last close of today’s market, gold was fetching $1,348.40 per
troy ounce. Now, that doesn’t mean that your gold earrings or cufflinks
alone will earn you that much. Because pure gold is too soft for everyday
use, gold jewelry is alloyed (blended) with copper and nickel in order to
strengthen it, as well as to alter its color and ductility. You’ll find copper
and zinc in yellow gold, while nickel and zinc is added to white gold. The
most common gold jewelry is 14 karat; pure gold is 24k. This means
buyers pay for the percentage of pure gold found in the jewelry, which
averages 55 percent. But the more gold you have to sell, the better your
odds are for earning beaucoup bucks. And the trend doesn’t seem to be
slowing down.

A recent Wall Street Journal article cites a Citigroup forecast that gold will continue to rise this year by 7 percent to reach $1,445 per ounce.
The same article cites that JP Morgan now accepts physical gold as collateral
against securities lending. Even the latest uprising in Egypt bears a direct
uptick in gold’s value. So whether you have outdated, old jewelry lying
around or you simply want to de-clutter your environment, selling gold is
a common and effective means for money. Wouldn’t you know it, you’ve
been sitting on a goldmine all along!

Come see us at Joe's Gold & Silver to get a free appraisal on your old unwanted jewelry. We have 4 locations in Hawaii, Las Vegas, Beverly Hills, and Encino. Call us at 818 Joe Gold for more information or visit us at www.cash2goldexchange.com.

Superbowl Parties - How To Have a Great Party

Who are your rooting for on Super Bowl Sunday? Are you a Pittsburgh Steelers fan or a Green Bay Packers fan? Either way you will be watching the game. In Dallas, they are still trying to clear the snow from the stadium and many fans are still trying to get to the game despite cold and snowy weather and canceled flights. If you are watching from the comfort of your home and having a Super Bowl party, here are some tips to having a successful Super Bowl party.

1.) Have lots of great food and drinks on hand
2.) Have a few televisions on the game in different rooms if you have kids and different age groups coming for the party
3.) Set up crafts tables for the kids to keep them busy
4.) Pick a team you want to win
5.) Download a free NFL iPad app
6.) Have a gold party

That's right, have a gold party in another room while the game is going on in the living room. While your husband is watching the game, have the wives or girlfriends come over with their old gold jewelry, watches, platinum, silver, and broken jewelry and invite Joe's Gold & Silver to come to your party for about 45 minutes to an hour and we will pay you a 10% referral fee of everything that is sold at the party. You will be happy you hosted the party and made some extra money for spending on what you want for Valentine's Day and your friends will be happy that they got rid of their old broken jewelry.


Phone us at 818 Joe Gold or at our Beverly Hills location at (310) 652-0255. Check us out on our site at www.cash2goldexchange.com to see all of our locations in Los Angeles. You can come in and see us or simply call us to set up a time for us to come to your home for a gold party. We have locations in Encino, Hawaiian Gardens and Beverly Hills. We also have locations in Honolulu and Las Vegas. 

If you are in Las Vegas for the Super Bowl or Valentine's Day come see us at the entrance of Caesar's Palace to sell your old gold and broken jewelry.