Have gold Jewelry but afraid to sell because Gold will go higher? Sell your Gold Jewelery and Buy Gold Coins!

Here at Joe's Gold and Silver in Beverly Hills our customers always ask us the same question:

"Do you think Gold will go higher?"

While we expect gold to increase in value over the long term, there's no way we can predict the day to day fluctuations in the precious metals market. That being said, we do recommend that people allocate some of their free money into a balanced precious metals portfolio that consists of Gold, Silver and Platinum. Now does that mean you should hold on to your Gold, Silver and Platinum Jewelry and Silver Flatware? No! In fact, for those who are looking to remain invested in precious metals, we recommend that they sell their "scrap" Jewelry and Flatware, and re-invest the proceeds into Precious Metals Bullion.

What's the diffence? You may ask...Well, for starters, your gold jewelry is not made of pure gold. The spot price you hear and read in the news everyday is for 1 Troy Ounce of Pure .999 Gold. In America the majority of Gold Jewelry consists of 14 Karat Gold. That means, 55% gold, and the remainder in base metals, such as copper, nickel and/or brass. A more reliable way to enjoy the increase in gold prices is through the purchase of 1oz Gold Bullion, such as U.S. Gold Eagles, which are minted yearly by the United States Government. This is why we recommend people who are waiting for higher gold prices to sell their gold jewelry and take the proceeds (we pay cash!) and re-invest into 1oz Pure Gold Bullion.

Great Analysis on why Silver Prices will continue to go higher - Joe's Gold and Silver is the Best Place to Sell Silverware in Beverly Hills and Los Angeles!

“The great Khan (Chinese ruler), causes the bark of trees, made into something like paper, to pass for money all over his country.”  …Marco POLO, (1254 – 1324 Traveling explorer from Venice).

Kitco - Commentaries - Peter Degraaf

Joe's Gold Takes Spring Cleaning to a New Level

Spring has sprung (it has been springing for a while now), and there is no longer time to procrastinate the dreaded spring cleaning. While there are some who thrive off of decluttering and trashing unwanted and unnecessary belongings, most people do not enjoy the long hours spent slaving over deciding which dust collecting, sentimental items are worth keeping, and which (come on, be realistic – that ugly sweater your grandma knit for you will never, ever see the light of day) belong in the garbage. However, when you go through your collection of knotted, broken, or tangled jewelry, do NOT head for the trash can! 

Most people don’t realize how valuable an old gold bracelet can be. While you (or any one else you know) may never wear it again, have you ever considered trading it in for cash? While it may not look like it is worth much at first glance, the gold market is thriving due to the current state of the economy. However, these high gold and silver prices will not last forever. Now is an opportune time to sell your old gold and silver items for cash. To find out how much your gold and silver items are worth, you can visit a gold and silver buyer location near you who can give you an accurate quote.

Instead of walking away from the trashcan after dumping (no pun intended) your jewelry that your ex’s gave to you, you can walk away with cash that you never realized you could earn!  Who would have thought spring cleaning could pay off like this? 

Joe's Gold Supports the Troops

Joe’s Gold and Silver is currently sponsoring Operation Gratitude, an organization dedicated to showing appreciation for our soldiers’ commitment to and personal sacrifices for our country. While members of America’s armed forces are constantly putting the needs of our country before their own, Operation Gratitude aims to let every soldier know that his or her immense dedication and hard work does not going unnoticed.  This volunteer-based corporation’s mission is to remind each soldier of the good wishes and support coming to them from civilians all over the US. Operation Gratitude sends individualized care packages complete with food items, hygiene products, entertainment gifts, and personal letters of appreciation to Wounded Warriors and deployed members of all US military branches. These packages truly help to brighten soldiers’ days, and provide them with much-needed comforts of life back home. 

So how does Joe’s Gold and Silver play a role in this program? Operation Gratitude is completely privately funded, and thus relies solely on private donations. Here’s how Joe’s contributes to lifting the morale of our troops: First, a customer can bring in unwanted gold or sterling silver items to any Joe’s location. Next, all he or she must do is mention Operation Gratitude, and not only will Joe’s pay the customer in cash for the value of his or her items, but Joe’s Gold and Silver will also donate 20% of that amount directly to Operation Gratitude. Customers can even go a step further, and donate their own portion of the proceeds to Operation Gratitude. Joe’s will send a letter acknowledging receipt of that amount for the customer’s tax purposes. An act this simple makes such a difference for those who give their lives for our country!

This is a definite win-win deal for both the troops as well as anyone who trades gold or silver for cash. Just by selling old gold and silver items to Joe’s for cash, patrons are able to contribute to Operation Gratitude. Donating couldn’t be any more effortless! Joe’s customers are able to walk out the door with a pocket full of cash, topped off with the satisfying feeling that their actions are supporting a worthy cause.

For more information, go to http://www.opgratitude.com/howtohelp.php?page=organization#GOLD

Gold Parties the Perfect Option for Extra Funds this Mothers’ Day

Photo: boston.com

Mothers’ Day is right around the corner (May 8^th!), and if you’re looking for a simple, enjoyable way to make money to buy mom something special, hosting a gold party is the perfect option for you.

Hosting a gold party is simple.  All that you need to do is invite your friends and family to come over and bring their old, broken, or unwanted jewelry with them. 

Then, ask a reputable gold buyer to help out by testing, weighing, and examining all of the gold that your guests have brought to the party.  Just as if your guests had taken their gold into a gold buying store, the buyers will pay your guests cash for their gold on the spot.  As the host, you will receive a commission, as well.  Gold parties are a win-win for all involved, especially with gold prices as high as they have been recently.

Whether it’s for Mother’s Day, a fundraiser, or just to get some extra cash for yourself, gold parties are an excellent option.  Even better, you can let the gold buyer do all of the work for you—all you have to do is invite the guests and decide what you will do with all of the extra money!

Joes Gold and Silver iPad Giveaway

Photo: zdnet.com

There has never been a better time to sell your old scrap gold.  Not only have gold prices risen, but if you sell your gold at a Joe’s Gold and Silver location you can get a 16GB Apple iPad.

If you bring in 200 grams or more of your old gold jewelry, coins, and scrap gold, you won’t only get cash for your gold, but you’ll also walk out with a free iPad.  Joe’s Gold staff will weigh and test the gold for you, and if you’re like most people you probably either have 200 grams of old gold jewelry collecting dust in your jewelry box (a few gold coins, a necklace, and a couple rings could quickly add up to 200 grams!) or can easily gather up 200 grams between yours, your friends’, and your family’s old gold (you can give your family and friends the cash, and keep the iPad for yourself!).

Check out your nearest Joe’s Gold and Silver location and reviews to read testimonies from other satisfied customers and stop by to get cash—and maybe an iPad—for your old gold.

4 Things You Should Know Before Selling Gold for Cash

Who wouldn’t love some extra cash?  Whether they’re saving up for a summer vacation, paying off student loans, or just want some extra money to use on the next shopping spree, anyone can benefit from the financial freedom that selling old gold items offers.

If you own gold jewelry, coins, or scrap gold you can sell these old items for an efficient and simple way to bulk up your bank account.  However, there are a few things that you should be cognizant of before you decide to sell your gold in order to ensure that you are getting the best deal possible:

Photo: examiner.com

Always check the current price of gold.

The price of gold fluctuates on a day-to-day basis, so it is important to find out the current price of gold to make sure that the buyer who you decide to sell your gold it is giving you the best deal possible.  Gold prices are easy to find online, and are assessed using troy ounces, a type of measurement used to measure precious metals.  The buyer will take into account the karat and the weight of your gold items to assess the price.

High gold prices won’t last forever.

Over the past several years the price of gold has risen sharply.  For this reason, experts suggest that you sell now, while the price level remains at a high that hasn’t been observed by analysts in decades.  However, as more people sell gold the price will decline, so if you’ve been thinking about selling your old gold, don’t wait too long before doing so.

Selling gold online is often a risky venture.

Online gold buyers require that you mail your gold items to them, risking that your items never reach the final destination or get lost in the mail.  Furthermore, it is impossible to be sure that you’re getting the best price with online buyers, and once they have your jewelry in order to appraise it you can’t get it back.  To ensure that you are getting the best price, find a store that buys gold and take your items in to be appraised in person. 

All gold buyers are not created equal.

Keep in mind that gold buying is a business, and buyers are interested in making a profit.  While some businesses take advantage of their customers, others do care that the customer gets a fair price for his or her gold.  Before deciding on a store, research it on a site like Yelp on which you can view the comments and reviews of other customers.  This way, you will know that you are dealing with an honest, reputable buyer before you go.