News & Info

December 30, 2009

It’s Always a Good Time to Sell Gold

Filed under: All Gold, Blog — Tags: , , — GoldGuru @ 5:00 am

You see them all year ’round, but at this time of year, you may come across articles and lists about what you should be buying now and when is the best time of year to buy certain items like cars or appliances. These lists are certainly helpful, but you should not worry if you decide to disregard the advice and buy something at a time of the year when you may not get it for the best price imaginable.

News outlets like the China Daily have reported that Chinese citizens have gone gold crazy. The fervor of the Chinese to buy gold has been sparked by really great year-end sales. No doubt this frenzy to buy gold is making jewelry stores very happy.

Here in the United States, you will find that gold buyers are always looking to buy gold. There is no need to wait until the end of the year or the end of the month or for a certain day of the week. Gold is always in demand and you can sell gold whenever you get ready. The amount of cash for gold you can get is not dependent on the time of the year, but on the amount of pure gold contained in the gold items that you want to sell. When you sell gold, you do not have to offer a special sale price to get a gold buyer to take it off of your hands–they are ready and willing to take it.

While the cash for gold you can get by selling gold jewelry, gold coins and other gold items is not dependent on the time of the year, the amount of money you will receive for selling gold is tied to the current price of gold. The price of gold does fluctuate, but we can tell you that now is a really good time to sell gold. The price of gold has risen quite a bit during the last quarter of 2009. We are not able to predict just how high the price of gold will go nor when it will take a dip, but we imagine that people who sell gold now or in the near future will be rather pleased with the amount of cash for gold that they receive in exchange for their unwanted gold items.


December 28, 2009

Smithsonian Needs to Raise Cash to Display Rare Gold Coins

Filed under: All Gold, News — Tags: , , — GoldGuru @ 5:00 am

The National Museum of American History is part of the Smithsonian Institution and it has on the largest collections of coins in the world. Some of the pieces in its collection were created more than 2,700 years ago. And as you can imagine, gold coins make up a very important part of the museum’s collection.

As we mentioned in an earlier post, the Smithsonian Institution was endowed with bags of gold willed to the country by an Englishman name James Smithson. Smithson never actually visited the United States, but he was an admirer of the American Revolution and thought highly of America’s independent spirit. Although he was a very wealthy man, Smithson was an illegitimate son who carried resentment towards his father. Perhaps this resentment helped him understand why the American colonies decided to rebel against Great Britain.

In any case, the money he left was used to found the Smithsonian, an amazing institution. And although we are sure that it has been invested well, the Smithsonian, like most of us, does find that sometimes finances are tight. For example, the National Museum of American History would like to display some rare gold coins and other items, but it finds that it needs more money to cover the expenses of mounting such an exhibition. The gold coins and medals that the museum would like to put on display are rarities from Russia and some of these rare gold coins and medals are 1,000 years old.

Of course one solution to the problem would be for the museum to sell some of this rare gold, but of course we imagine that they really do not want to do this. After all, the whole point of amassing such rare gold pieces is to display gold, not sell gold. Still, selling some of the collection may be one way to raise the additional $2 million in  that is needed to display the rest of the rare gold items.

You too may find that you need to sell gold to a gold buyer to get cash for gold. While we do not doubt the beauty and uniqueness of your gold items, you probably do not have anything that dates back a thousand years. And although you may be reluctant to part with some of your gold jewelry or gold coins, if you are in need for money for more important things, this small sacrifice may really be worth it.


December 25, 2009

Dickens’s Gold Toothpick Fetches Plenty at Auction

Filed under: All Gold, News — Tags: , , , — GoldGuru @ 5:00 am

Some literary scholars refer to Charles Dickens as the man who invented Christmas. These scholars say that many of the Christmas traditions that we associate with Victorian England were things that Dickens included in his famous book, A Christmas Carol. They say that his book popularized a vision of Christmas that was not universally practiced prior to the book’s publication.

The idea of someone being a “scrooge” came from his book and his iconic miser, Ebenezer Scrooge. Even people who are not overly familiar with the story know about Scrooge and his tight-fisted ways. Even though Scrooge has a change of heart and becomes a very generous man, his early reputation stuck and his last name is used to indicate a selfish and uncaring nature. Forbes ranked his character Ebenezer Scrooge as 12 on its list of fifteen fictional wealthy characters and noted that Scrooge would continue to get richer and richer as the price of gold increases.

So it is only fitting that Dickens’s gold toothpick was sold at auction during the days leading up to Christmas. The ivory and gold toothpick went for $9,150 and went well beyond the predicted sales price range of $3,000-$5,000. As if being made of ivory and gold was not unusual enough, the toothpick has a mechanism that allows it to contract. This very special toothpick is also engraved with Charles Dickens’s initials.

It is amazing that after all this time such a personal object of everyday use would be sought after at auction. Of course it helped that this gold toothpick belonged to such a famous person. There was even some speculation that the prospect of being able to retrieve DNA from the object is what helped to drive the price higher.

While you may not have a gold toothpick to sell, it is quite possible for you to sell gold items that will fetch much more money that you imagine. Contact a gold buyer and they will send you a postage-paid gold envelope. Place your gold inside the envelope and send it in for evaluation. Once the gold buyer has evaluated your gold they will let you know just how much cash for gold you can expect to get for the gold items that you sent in for evaluation.


December 23, 2009

Bulgari To Launch New Gold Advertising Campaign

Filed under: All Gold — Tags: , — GoldGuru @ 5:00 am

Starting in February of next year, Bulgari will launch a new campaign that will feature actress Julianne Moore. The maker of luxury jewelry chose Moore to be the face of its Eccentric Charisma campaign. Bulgari has a long history of being associated with female celebrities. While Moore will wear updated pieces from the Serpenti collection, such as a gold cuff. Gold pieces from Bulgari’s original collection were worn by women like Elizabeth Taylor and Diana Vreeland.

In addition to the cuff, the new Serpenti collection, which was launched earlier this year has bracelets, watches and rings made of 18 carat gold and designed to be reminiscent of a snake. Since they have updates the gold jewelry from the original collection, they have also updated the way the pieces operate. Yes, you probably do not give much thought to the opening and closing mechanisms of your gold jewelry unless they malfunction somehow. Someone actually has to design and test out jewelry to make sure that customers can wear it with ease. The pieces of gold jewelry that are part of the  new Serpenti collection from Bulgari not only imitate snakes in their look, these gold pieces have also been designed to wrap or coil around you.

Perhaps you would like to update your jewelry collection by simply going out to buy more gold jewelry. There is nothing wrong with this, but wouldn’t you like to make some room for these new purchases? When you sell old gold jewelry to a gold buyer, you will be making sure that you have uncluttered space ready for any new purchases. And doesn’t that make since during this time of year? Giving and receiving gifts during the holidays is a joy, but many of us do not consider the fact that accumulating so much as we head towards a new year may not be the best thing for us. Surely, you have gold jewelry that you rarely wear and probably barely even remember getting of buying. If that is the case they you should definitely consider selling gold you hardly ever wear so that you feel better about all of the new gold that you will accumulate during the holiday and at all the sales you go to post-holiday.


December 21, 2009

It’s a Good Time to Sell Gold (Discreetly)

Filed under: All Gold — Tags: , , — GoldGuru @ 5:00 am

A prominent investment company has declared that the value of gold will continue to rise in the coming year. If you did not already know, traditionally a rise in the price of gold is often connected to times of economic hardship, which was  are without a doubt experiencing right now. And even though some have said that technically the recession in the United States is over, we are still not likely to experience an instant rebound. So even if the dollar gains strength, we are not going to see the price of gold drop anytime soon. And this is great news for those of you that have been hesitant to sell gold.

Some of you out there see selling gold as some kind of move that shows desperation. This could not be further from the truth. Selling gold at a time when the prices are high makes a lot of sense. Yes, some people sell gold because they need money for basic necessities and there is nothing wrong with that. What good is having beautiful gold jewelry if you cannot eat? Still we also know that some of you do not need to sell gold to take care of necessities, but you may want to sell it simply because there is not need to hold onto items that you just aren’t using.

And if you are ashamed to be seen selling gold or fret about what the neighbors would think if they knew, then you can contact an online gold buyer who can buy gold from you in the most discreet fashion possible. An online gold buyer will send you a postage-paid envelope in the mail so the neighbors will not have to know anything about it. The neighbors also will not be there to see you put your gold jewelry or other gold items into the envelope and put it in a mailbox. Later, when the gold buyer contacts you to let you know just how much cash for gold you can expect, you can take the check to a  bank branch other than the one you normally visit, so that none of the bank tellers know that the check you are cashing came from a gold buyer.


December 18, 2009

Gold Was Once Used to Back Currency

Filed under: All Gold — Tags: , , — GoldGuru @ 5:00 am

Earlier in the week, we mentioned that the California Gold Rush was not the first gold rush in history. While the price of gold has fluctuated over the years, people’s desire to own, buy and sell gold has remained strong. This shiny metal manages to outshine silver and diamonds as an investment strategy and wealth-builder.  Sure, people like to make a big deal about diamonds or platinum, but these things do not have the kind of history of being relied upon during difficult times. Gold, as decorative as it is, also has this kind of history—a history of being steadfast and reliable.

Although we do not use gold as the basis for our economy anymore, there was a time when gold was used to back the currencies of the world’s wealthiest nations. England lead the way in 1717 when the London Gold Standard was established by Sir Isaac Newton. This gold standard would remain intact for almost two hundred years afterwards. And even though the parameters of England’s gold standard changed early in the 20th century, gold still reigned as the supporter of England’s currency until the Great Depression.

Similarly, the United States also used gold to back its currency for many years too. At one time, the gold that was kept in places like For Knox really did represent the wealth of the nation. People used to dream of breaking into Fort Knox and taking away some of the gold. This was a little foolish since it would be difficult to sell gold that had been taken from such a place on the open market. Still, that just goes to show the power of gold and how much we value it: people would consider jeopardizing their freedom obtain it, even when they know that it really would be of little use in the end.

While you may not be able to use gold as the basis of your personal economy, you can certainly sell gold to give yourself a financial boost. With the price of gold climbing as it has in recent months, you may be pleasantly surprised to see just how much cash for gold you can get in exchange for your old gold jewelry, gold coins and other gold items.


December 16, 2009

The California Gold Rush Was Not the First Rush for Gold

Filed under: All Gold — Tags: , , — GoldGuru @ 5:00 am

While viewing a timeline of the changes in the market for gold over the centuries, we were amazed that despite the ups and downs, gold still remains a sought-after commodity. The value of gold may change, but the fact that people still want to buy and sell gold means that it has lasting value. There are things that people in the ancient world thought were great that we do not make a big deal about anymore, but gold is not one of them. We can’t really say just why gold has such staying power, but we know that many of you are glad that you can still get cash for gold.

For example, in the United States, when we hear about a gold rush, our thoughts immediately turn to the California gold rush in the 19th century. That was a time when people made their way to California in search of gold, hoping to make a fortune. As you know history does repeat itself–did you know that Hungary had a gold rush in the 1330s? This gold rush pre-dates the times when Christopher Columbus and other explorers landed in the Americas. We can’t imagine just what a gold rush would have looked like in the 1330s, but if some record or evidence of it survived all these years, it must have been quite an event.

Luckily for you, you do not have to worry about traveling in car or hopping in a covered wagon to try to reach California or any other place that is rich in gold. If you have some old gold jewelry or gold coins around the house, then you may already be rich in gold. Your travels can be few when you contact an online gold buyer because you want to sell gold. The gold buyer will send you a postage-paid envelope. Just place your unwanted gold items into the envelope and put it in the mail. Before you know it, the gold buyer will contact you to let you know just how much cash for gold you can expect to receive. There will be no trampling, no rush and you will not need to even get your hands dirty.


December 14, 2009

Soccer Stars Auction Off Gold-Studded Footwear

Filed under: All Gold, News — Tags: , , — GoldGuru @ 5:00 am

Although gold is primarily thought of as a material for jewelry, gold can be used in just about any type of apparel. (So when you think you want to sell gold and are looking around the house for gold items that you can sell to gold buyer to get cash for gold, do not forget about gold cuff links or that broken gold watch. When you sell gold to a gold buyer, it is not the form that the gold takes that matters as much as the amount of pure gold an item contains.)

The soccer shoes of some of soccer’s greatest players are going up for auction soon in London and shoes (or boots as they are called across the pond) are believed to be some of the most expensive footwear in history.

The three pairs of shoes together contain a whopping 7.444 precious stones and were made with different types of gold among their many decorative touches.

John Terry’s footwear alone has more than 2,300 jewels, with studs set in white gold that are capped with black diamonds.

Wayne Rooney’s shoes display his number in rose gold, while Rio Ferdinand’s shoes come equipped with laces that have gold tips. Ferdinand’s shoes also have black diamonds, white diamonds and rubies.

Now before you start to wonder–these shoes have not seen any action on the soccer field. Instead, these fantastical creations that combine gold, diamonds and other precious stones were dreamed up as a way to raise money for Rio Ferdinand’s charity, so the auction proceeds will go to a good cause. While many athletes do seem to live as if they have money to burn, it is hard to imagine that even the most wasteful athlete would hit the field with footwear that is made with gold and diamonds.


December 11, 2009

Disgraced Athletes Lose the Gold

Filed under: All Gold, News — Tags: , , — GoldGuru @ 5:00 am

A certain athlete’s scandal is all the rage these days and we imagine that some people
are thankful because it takes the heat off of them. Still, we did notice one story that
is rather unfortunate–the Olympic Committee has decided that there is to be no winner for the women’s 100 meter in the 2000 Sydney Games. Perhaps you may recall that Marion Jones was stripped of two medals for doping—her gold medal in the 200 meters event and her bronze medal for the long jump went to two other competitors. However, her gold medal for the 100 meter will not be awarded to anyone.

Normally that gold medal would be given to someone else, but this time the runner-up who would normally have received it was also involved in her own drug scandal, so even she cannot receive the medals. (Not that the would ever do this, but if they were really pressed to raise funds, the Olympic Committee could sell gold that it was not going to award as gold medals to a gold buyer to get cash for gold.)

In other gold medal-related news, a lawmaker from California has dropped his bid to award the Congressional Gold Medal to Tiger Woods. According to the original proposal, this medal was to be awarded to the golfer for his “service to the Nation” and his efforts in promoting “excellence,” “good sportsmanship” and for breaking barriers. And before everyone jumps to the conclusion to say that all of the recent news about Tiger Woods is the reason why the lawmaker will not continue to try to get his colleagues to approve giving Tiger Woods the Congressional Gold Medal, it should be noted that this same lawmaker has introduced similar legislation in years past, but it did not make it through. (Although, his previous attempts did at least earn him a few co-sponsors.)


December 9, 2009

Higher Price of Gold Ups the Ante on the 12 Days of Christmas

Filed under: All Gold — Tags: , , — GoldGuru @ 5:00 am

Every year someone decides to calculate how much it would set someone back if they wanted to actually give all of the gifts that are named in the classic carol, “The Twelve Days of Christmas.” So they estimate the value of everything, including the 12 drummers drumming all the way down to the partridge and the pear tree in which it rests. Of all of the items, the swans (a-swimming) are the most costly, but this year obtaining a bunch of swans costs less than it did last year.

One item that definitely increased was those wonderful five golden rings. As you know know, the price of gold has gone up a lot in the past few months, so if you wanted to give someone five rings made of gold, you will be paying more than you did last year and probably more than you would have paid for gold in years past.

In fact, this higher price of gold really contributed to increasing the overall value of the entire “Twelve Days of Christmas” package. According to one source, the price of gold has increased by 43%. That is a big leap.

So rather than give someone an incredible number of gifts, give yourself the gift of cash for gold. When you sell gold, you will get money that you can use to buy gifts for others or yourself.

And unlike the cumbersome task of gathering lords a-leapin’, ladies dancing, drummers drumming, calling birds, French hens, turtledoves and all the rest of the gifts mentioned in the song, it is really easy to contact a gold buyer to sell gold.

Once you contact an online gold buyer, they will send you a postage paid envelope. Simply place your unwanted gold into the envelope and put it in the mail. It won’t be long before you’ll  be able to get cash for gold in exchange for the gold you sent.


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