As many Americans look for ways to earn extra cash, one of the easiest may be in selling whatever gold you have on hand.
In the last three years, the price of bullion has declined 30 percent and is 37 percent below it’s 2011 record high.
One of the reasons for this is due to the fact that foreign central banks are stimulating their own economies, allowing their currency to depreciate against the U.S. dollar. A stronger dollar is negative for bullion which is denominated in dollars. In addition to this, inflation is not a concern, so the need for gold as a safe-haven asset has been weakened with U.S. equities currently taking their place.
This makes the current situation a prime opportunity to sell gold and to gain some much needed cash.
If you are wanting to sell your gold, make sure to deal with someone who has experience in the gold market and who can offer you a price that is comparable to the current market rate. Too often people are taken advantage of, simply because they dealt with gold buyers who were less than reputable.
We have been buying gold for a long time and have a wealth of knowledge and experience in the industry. If you’re looking to sell your gold, come visit us at our locations in Redwood City, CA and Menlo Park, CA. We’ll look forward to seeing you.