Gold is Trending Back Up
Did you know that gold prices are trending up instead of down as we have seen in this past year? The good news… it is better to sell your gold pieces today than a month ago. This past May the price was $1245 per troy ounce and as of June 1 the price had gone up to $1326 per troy ounce. What does that mean to you? If you wanted to sell your gold coins you can sell them for $50 – $75 more per ounce than a month ago!
Why do people sell their gold pieces?
Customers share with us a variety of reasons ranging from funds for new appliances, family vacations, or tuition for college. The top reason we hear is to pay for something a child needs – could be summer camp, sports equipment, computer or cell phone, or medical bills. If you have gold pieces that are broken or dated, or you just don’t wear them anymore the best reason to sell now is for the price increase. However, you should sell now…for one cannot predict if it will continue.
Number One Gold Selling Tip
The top tip I would give for selling your gold is to get a second opinion from someone you know such as a trusted hometown jeweler. At T.K. Wheeler we pride ourselves on offering a consistent high value for the gold sold to us. Customers have shared their stories with us about quotes received from other stores and we generally are paying several hundred dollars more.
Act now while the gold price is trending up for it may or may not continue. The price has been up and down over the past 2 years and even fell below $1200 in the last year, but for the past 30 days it has gone up to more than $1300 per troy ounce. My professional advice as a jeweler for 35 years is to sell now and take advantage of this opportunity.
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