News & Info

May 30, 2008

Gold Prices are Reminiscent of the Gold Rush

Filed under: All Gold — Tags: , , — GoldGuru @ 11:34 am

Recently some news outlets have declared that today’s gold prices are reminiscent of the prices for gold during the gold rush. That is good news for those of you who have been holding onto gold. You can now sell your gold, knowing that you will get an excellent price for it.

If you don’t know, the world famous California Gold Rush took place in 1849. This was after a man named James Marshall found some gold nuggets on the American River in 1848 in what was not yet the state of California. Word got out and other people began to find gold too. Soon people from all over the world descended on (or rushed) California hoping to find gold and get rich. Today people are returning to the state of California in the pursuit of more gold. They are hoping that lightning will strike twice.

But you don’t have to get out a pan, wade through a creek, or even get your fingers dirty to take advantage of the high price of gold. You can just go through your home and sift through jewelry boxes, explore the attic and rummage through your storage to find gold that you can sell.

While there is nothing wrong with having a little adventure, you never know what treasures you may find right in your own backyard or underneath a sofa cushion.

One you find the treasure you seek, you can sell your gold, to a qualified gold buyer and use the proceeds to fund some other treasure hunt.


May 28, 2008

Gold Hallmarks Vary Around the World

Filed under: All Gold — Tags: , — GoldGuru @ 7:24 am

When people refer to the gold standard, they use that phrase to indicate something is well made. All over the world, gold is recognized for its brilliance and beauty. However, gold is not measured in the same way all over the world. The laws that pertain to gold hallmarks are not standardized. Plus, every piece of jewelry, especially jewelry that is very old, will not have a hallmark.

In Great Britain, gold jewelry may be marked with a regional symbol. This means that there is not one single symbol that indicates that gold jewelry was made in Great Britain. Sometimes jewelry that was made in London is marked with the head of a lion, for instance.

Some countries use a mark to indicate that a piece of gold jewelry was made in that country, but the markings are not obvious if you don’t recognize them. In Austria, gold jewelry is marked with a “W” placed inside of a crown and the crown may also resemble the letter “W.” In Czechoslovakia, they use the letter “P” in box to indicate the jewelry was made there.

If you have gold jewelry that came from another country, it may be difficult to “guesstimate” just how much it is worth before you sell it. This is why you should consult with an expert gold buyer. Don’t sell it at a yard sale or put it up for sale on an internet site. Take it to a gold buyer. When it comes to selling your gold, you want to take it to a gold buyer who can recognize its worth and compensate you accordingly.


May 26, 2008

Gold Hallmarks Contain Valuable Information

Filed under: All Gold, Karat — Tags: , — GoldGuru @ 11:19 am

In general, a gold hallmark contains information about gold content and about the jeweler or manufacturer. Sometimes a hallmark is very straightforward. If a piece of jewelry is marked with 10k, 10kt or 10ct, then you know that this piece of jewelry is made with 10 karat gold.

Here in the United States, every piece of gold jewelry will not have a hallmark. However, jewelers who wish to indicate the purity of a piece of gold jewelry also have to put a gold trademark on the jewelry. Gold trademarks are connected to a certain company or the trademarked names a company used to market its products. With the gold trademark, a consumer is able to trace their jewelry. This can be done through the U.S. Patent and Trademark Office. For example, someone who has inherited jewelry might be able to get information on when a piece of jewelry was produced.

As a consumer you may not be able accurately assess the value of your gold jewelry prior to selling it, but you still want to have an idea of the value of gold jewelry you want to sell. Knowing how much your gold is worth will help you make decisions about selling your gold. Many people are simply unaware of the value of the jewelry that they are leaving in a jewelry box. Contact a gold buyer to get an idea of the value of your gold jewelry. You may be very pleasantly surprised to find that it is worth a lot more than you thought.


May 23, 2008

How Metallurgists Affect the Sale of Scrap Gold

Filed under: All Gold — Tags: , , , — GoldGuru @ 8:25 am

Mixing gold with another substance is way to change the color of the gold. Creating alloys also strengthens the gold because gold itself is a relatively soft metal.

To say that making an alloy involves “mixing” may be oversimplifying the process, however. When making an alloy, a metallurgist has to be very careful. Even though we pretty much know what metals react in which way, the proportions have to be thought out. The point of jewelry-making is to be able to fashion the metal into shapes. If too much of a metal is added to gold, the result may be difficult to shape and mold.

Metallurgists actually use recipes the same way that cooks and chefs do. Just like a cook, they cannot go about their work without paying attention. Even the best cooks find that sometimes if they are absent-minded the measurements and instructions that worked so well in the past are not producing the expected results.

The care that metallurgists take in creating alloys makes a difference to those in retail who sell jewelry because they want to get pieces that are attractive to consumers. The work of metallurgists affects you because when you go to sell your jewelry, you want to get the best price you can for jewelry that has been carefully made. And of course the work of metallurgists is important to a gold buyer because in a way, a gold buyer is going back to undo/retrace the steps of a metallurgist when they melt down jewelry for scrap gold.


May 21, 2008

Industry Needs Scrap Gold

Filed under: All Gold — Tags: , , — GoldGuru @ 6:04 am

When you sell your gold, it could end up in any number of places. Of course there is the possibility that your gold jewelry will simply be melted down and used to make different pieces of gold jewelry. But there are many more uses for gold. Gold is not just ornamental. It serves to help operate many of the things we use everyday.

When you sell your gold, it could end up in any number of places. Of course there is the possibility that your gold jewelry will simply be melted down and used to make different pieces of gold jewelry. But there are many more uses for gold. Gold is not just ornamental. It serves to help operate many of the things we use everyday.

When it comes to conductors of electricity, gold is one of the finest there is. It is inert. This means that gold will not react when touching other substances. It also does not corrode the way some other metals do. This is why it is prized above other metals for use in electronic and medical products. Gold is used in cell phones, laptops, space ships, air bags, pacemakers, smoke detectors and in a myriad of other products.

Gold is used as a catalyst in various chemical processes. When gold is added, it can speed up to process, making it possible to do more work, faster. The research into the ways that gold can aid in industry is ongoing. And with the continuing emphasis on the environment, scientists are continually looking for environmentally friendly ways to extract and use gold.

Because of this need, gold buyers are continually looking for gold. Gold is needed for use in everyday products and it is needed for experimental purposes. The gold mining industry looks for ways to mine gold without causing great harm to the Earth, but one of the best sources of gold is scrap gold. This gold has already been mined and my making use of it again and again, we are making the most of this resource.


May 19, 2008

Facts About Gold

Filed under: All Gold — Tags: , , — GoldGuru @ 4:20 am

Did you know that gold is found in various aspects of nature? It is true. Gold is not only present in land, it is also present in rivers and seas. Tiny amounts of gold can be found in plants and animals, too.

Gold is very reflective. This helps it to maintain its brightness and color.

Gold is long-lasting. The gold found in the tombs of ancient Egypt is in pretty much the same state it was when it was first buried thousands of years ago.

Gold is soft when compared to other metals. This is one of the reasons that jewelry makers mix gold with other base metals in alloys. The Mohs scale of hardness is a way to measure how well a mineral or gemstone can withstand scratching. On the Mohs scale of hardness, gold is valued in the range of 2-2.5. Diamonds, on the other hand, have a value of 10.

Although gold is found in various places, it is relatively scarce when compared to other metals. According to one estimate, just 125,000 tons have gold have been mined in recorded time. This is part of what makes gold so very valuable. And this is why gold buyers are interested in buying scrap gold. Gold that has already been mined can be melted down and re-used. It is much easier to use gold that does not have to be extracted from the Earth than it is to start at square one by mining gold. Gold is of course, still being mined, however. But because of the demand for gold, people who already have gold have something that is continuously sought after. If you want to sell your gold, you should know that you have a commodity that is highly valued.


May 16, 2008

Sell Your Gold All Year Round

Filed under: All Gold — Tags: , — GoldGuru @ 7:31 am

We know that when the price for gold goes up, it is definitely time to sell your gold. But is there more demand for gold jewelry at different times of the year? The answer is yes. The demand for gold peaks at different times in different parts of the world.  This is why you can sell your gold at any time of the year. A gold buyer is certain to find someone willing to take recycled gold off of his or her hands.

For followers of Islam, the end of Ramadan is a time when people are looking to give gold as gifts. Since Ramada does not take place at the same time each year, this particular gift-giving season varies annually.

For those who celebrate Christmas, this is a time when gold is in demand. Christmas takes place on the same date each year, so this gift-giving occasion follows a predictable pattern.

In India, people are on the hunt for gold during wedding season. But note that India is a very large country and different regions have different wedding seasons. In general, people hold weddings from late fall into the spring, with a break during the winter.

Interestingly enough, in Turkey the demand for gold is highest when the most tourists visit that country.

As you can see, gold is always in demand, whether it is for a holiday, a birthday or just because, people worldwide give gold all year round. And gold buyers seek gold for recycling throughout the year, so you can feel free to sell your gold with confidence.


May 14, 2008

How Rolled Gold is Made

Filed under: All Gold, Gold Jewelry Types, Karat — Tags: , — GoldGuru @ 12:52 pm

You may have heard of rolled gold and perhaps you even have some jewelry that is made of rolled gold. This kind of gold is valuable and if you are interested in selling your gold, you may be interested to know that rolled gold is used to make jewelry of top quality. Jewelry that is made from rolled gold is known to stand the test of time. If you have had any rolled gold jewelry for a while, then you probably see the truth in this.

Pieces of rolled gold are parked with the letters R.G.P., which stand for rolled gold plate. Some pieces are marked with these letters and additional information, such as a weight ratio and a statement of quality. If a piece of jewelry is marked ‘1/20 10K R.G.P.’ this would mean that 1/20 of that piece of jewelry is made of 10 karat gold. It is not uncommon for rolled gold to make up less than 1/20 of a piece of jewelry’s weight. However, sheets of rolled gold that are used to make jewelry have to be at least 10 karat gold.

Why is it called rolled gold? It is called rolled gold because of the way it is processed. This kind of gold is made in layers. Often it has a copper of nickel allow is its bases and then this alloy base is covered with at least one layer of gold alloy. The manufacturer will use both pressure and heat to get the layers to stick together. After that, the material is put through a mill where it is rolled into a very thin sheet.


May 12, 2008

Gold Prices Not Affected by Gold Standard

Filed under: All Gold — Tags: , , , — GoldGuru @ 12:29 pm

If you’ve heard the expression “gold standard,” but were never sure about its meaning, it basically refers to a country’s use of gold to back their currency. In 1900, the United States passed the Gold Standard Act and gold remained our standard until the 1930s. Before gold was used as a standard, some countries used silver as a standard in the 19th century. When a country used a standard based on gold and silver in combination, this is called bimetallism.

Under a gold standard, a country’s currency could be converted into gold for a certain price. Every coin or bill was equivalent to a certain amount of gold. Using a gold standard can create a certain amount of economic stability. At the same, it was that stability that made countries like the United States turn away from the gold standard. The gold standard does not change with the times. Being backed by gold means that the Federal Reserve is quite limited in what it can do to try to correct any destabilizing forces that deliver a blow to the economy.

At one time the price of gold was fixed at $35 and ounce. This is no longer the case in the United States. Our money is not tied to gold and the price of gold is no longer fixed. You can research gold prices, but they do fluctuate, so when you go to a gold buyer it is possible that you can sell your gold at a price that is higher than what you thought it would be.


May 9, 2008

Gold Buyers Accept Broken Gold Jewelry

Filed under: All Gold, Gold Jewelry Types — Tags: , , , — GoldGuru @ 11:20 am

When it comes to selling gold jewelry, a gold buyer will test for gold content, but a gold buyer will not insist that you bring in perfect pieces of jewelry. People who buy gold are not interested in the shape or design of your gold jewelry; the value is in the gold itself.

You can bring broken or single earrings, necklaces and brooches with broken clasps, necklaces that are twisted, charms that have long been separated from their chains, and any other gold you may have laying around.

Remember a gold buyer does not work for a pawn shop. At a pawn shop, they buy goods from you and hold onto them until you return. If you don’t return, then they sell the items you left behind. It is not easy to sell things that are broken, so they are not eager to take in such items.

When you sell your gold, a gold buyer measures the gold content of the items you bring and pays you accordingly. Then the jewelry is melted down and the gold is separated from any other metals it may contain.

After that, it may be used to make new jewelry, to make gold coins or it could even be used in electronics. Yes, if you didn’t know, some electronics contain gold, but not enough gold for you to dig out your old electronics to try to sell them as scrap gold.

Instead, look through your jewelry box. Many people have held onto broken jewelry intending to fix it, but they find that they just do not get to it. Why not get some benefit from that broken, unused gold jewelry by selling your gold?


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