Gold is a stunning metal and for thousands of years it has been used for currency, jewelry, and in mountains of other ways. Even though gold has been a part of our human existence for so long, is it still relevant today? We see a lot of information on the price of gold and how good of an investment it is, but should you believe all the hype? Here is the truth about gold and why it makes such a sound investment for any individual at any point in our lives.
Inflation is Going to Happen
Inflation is something we see more than we want to. When talking to past generations where a gallon of milk was less than a dollar and fuel was no more than pocket change, we see the vast differences inflation makes over decades. Inflation is going to happen, and in our world today, it happens seemingly overnight. However, inflation never really affects gold pricing.
Gold remains constant and is a sound investment even when inflation is up in the air. Gold prices go up and down, but generally remain high at times when inflation is wavering. Gold will continue to rise if currency pricing fails.
Safe Haven Investment
Few trustworthy investments exist. At one point, it was said that land was the best investment, but it can be difficult to get your money back out of land as economic situations change. Although land is still a good investment, provided you know when to sell, keep, or lease it out, gold can be a far superior investment to property.
Gold keeps its value and is always in high demand. When you have a stash of gold at the ready, it doesn’t matter what time of the year or how the economy is doing. Gold can be sold at any time for immediate cash, making it a safe haven investment when other investments may take a long time to mature.
A Diversified Investment
Your investment portfolio should be diversified. That is largely what marks a savvy investor against a novice. However, simply investing in a lot of different avenues is not enough to ensure your investments will grow. You need a little insurance and gold is that insurance. Investing in gold helps diversify investments and give you a stronghold while you grow and further diversify your portfolio.
Gold is and always will be a sound investment. The benefits of investing in gold are phenomenal and will carry your through any economic downturn. Among the best investments for gold aficionados is jewelry. Gold jewelry can be found in a variety of places and best of all, you can wear your investment or give it as a gift to someone you love. Gold jewelry is more than just a simply gesture of kindness. It shows you truly care about the other person and their potential future. If you have yet to invest in gold in some way, it’s not too late. Invest in gold to ensure your future and your family’s as well.
Gold is a stunningly beautiful metal that is always in demand. Economists often tout gold as one of the best investments individuals can make. Why is gold such a good investment? Although economic situations can change, gold remains constantly on the rise. It is always in demand, so you can never go wrong with a sound gold investment, but how do you actually invest in gold? There are a few ways you can get started.
Mining Stocks
Among the most traditional methods of gold investing is through mining stocks. No matter how much technology surrounds most industries, gold must still be mined from the earth. Gold mining companies exist all over the world, so finding one to invest in can be relatively simple.
However, the problem with investing in these mining stocks is the startup costs. It often costs a lot per share simply due to the overall price of gold. Although it can be expensive to invest in this manner, once your investment is purchased, it only goes up from there. There is always a need for more gold.
Digital Gold Investment
There is a lot of gold in this world. It is estimated that there is just under 200,000 tons of gold in the world and that is just what has been found so far. There is actually no telling how much gold exists just waiting to be mined. However, you can own some of the World’s gold stash through digital means.
Digital gold investment allows you to own a small portion of physical gold that is stored in vaults throughout the world. These vaults are completely insured by the digital company, so there is no need for the buyer to hold insurance on their investments. Although you do not have the physical gold in hand, it is kept in safe keeping, so you can buy more or sell some depending on your needs with the touch of a button.
Purchase Physical Gold
Gold is everywhere. It can be found in everything from jewelry to computer processors, so if you want gold, you can find it easily. Purchasing physical gold seems to be the best option for most people looking to invest in this precious metal. Gold can be purchased from jewelry stores, pawn shops, and if you know what you are looking for, you can find actual gold in certain thrift stores and second hand shops.
Having physical gold in your possession gives you purchasing power when you need it and gold jewelry simply looks great on anyone. Gold is one of the only precious metal investments you can make where your spouse, child, or anyone you love can actually wear your investment.
Investing in gold is simply smart. The value only increases as more gold is mined from the earth and the metal is constantly being melted down and reshaped into whatever the owner desires. Gold is a versatile and smart investment no matter who you are, so invest in gold today and secure your future tomorrow.
Gold is beautiful. There is nothing more satisfying than being handed a gold necklace, ring, earrings, or any piece of gold jewelry. It glistens in the light and shines like no other metal on earth, but where does it all come from? Sure, we see television shows and cartoons where gold is plentiful and someone happens to find a mine, but is that really true? We will look at some of the richest gold deposits in the world.
Macassa, Canada
When you think of a gold mine, the American Gold Rush often comes to mind, but America is certainly not the only country where gold mining is available. In fact, one of the largest mines in the world is just north of the country in Macassa, Canada.
The mine is owned by Kirkland Lake Gold and the company has continually been increasing production at their home mine in Ontario, Canada since 1911. Commercial mining was expanded within the company in 2002, so it is among the largest gold mines in the world.
Fosterville, Australia
Another Kirkland Lake Gold mine is located in Fosterville, Australia. Although the mine is not quite as large as its Canadian counterpart, it is the second largest gold mine in the world.
1894 was when gold was first discovered in Fosterville, Australia and most people thought the mine would only supply gold for 5 years. However, the mine is still going strong and actually ramped up operations in 2022 and is the current largest gold mine in Victoria, Australia.
Turquoise Ridge, Nevada
Kirkland Lake Gold is not the only gold mining company in the world. On their heels of success is Barrick. Barrick’s largest base of operation is located in Turquoise Ridge, Nevada. It has become the benchmark operation for the company in recent years and although it is not quite as large as those in Canada and Australia, this location is said to have untapped potential. There’s no telling how much gold remains unmined in this part of Nevada.
Leeville, Nevada
Nevada remains as a haven for gold lovers and has been since the Gold Rush. Leeville, Nevada is home to another Barrick mine that continues to grow. Part of the reason why Nevada is so popular with gold mining is how deserted the state is. Apart from big cities such as Reno and Las Vegas, Nevada is a desert with untouched ground. Beneath the surface, far beneath, lies treasure of untold wealth.
Where you may never get the opportunity to go into a working gold mine, gold is everywhere. If you want to invest in gold there are many ways to do it, but among the most practical is to simply purchase gold jewelry. Gold doesn’t generally decrease in value and remains beautiful throughout its life. Give the gift of this precious metal to someone you love today and watch as their eyes light up with glee. Gold is the gift that keeps on giving.
A lot of what we buy depends on appearance. When we go to the store, we buy what looks good on us. It depends on color, cut, design, and various other factors that align with our overall desires. Purchasing jewelry can be a little different. There are certain people that are strictly devoted to silver jewelry and others who swear by gold, but which is right? Is it better to purchase gold jewelry or stick to silver.
Price
Gold is the more expensive option when comparing the two. Gold prices are always going up and the primary reason for this is the rarity of the metal. Silver is far more plentiful than gold making it less expensive. Although it is more plentiful, silver tarnishes. Gold can tarnish depending on what alloys it is mixed with, but pure gold will not tarnish. Silver will have to be cleaned regularly.
Diversification
This factor is relatively even for both gold and silver. Both metals can make amazing jewelry pieces that look great for any occasion. However, gold can be purchased based on purity. Alloys are added to pure gold to strengthen the metal and bring about different characteristics. Gold is more malleable than silver and gold jewelry is often easier to fix than silver.
Tradition
Traditionally, gold is king here. Gold jewelry has been a part of our world for as long as humans have walked on the earth. It has been fashioned into both jewelry and currency throughout the ages making it a true sign of wealth. Almost all countries have had their fare share of golden ages and traditional ceremonies are often dripping with gold features. Gold is a common entity in weddings and royal tradition as well. Gold is simply the more traditional option.
Overall Value
Again, the clear winner here is gold. The silver market tends to be far more volatile than gold. Silver goes through times in which it is less popular. Gold remains constant. The market is always increasing when it comes to gold, so investing in gold, from an investor’s standpoint, is the better option.
Gold and silver have their place in our world and there will always be room for both, but gold seems to be the better investment overall. Gold holds its value, is a diverse metal, and can be shaped into practically anything.
Silver, although beautiful when first purchased, will tarnish overtime and with an up and down silver market, you never know when to purchase the metal.
Gold is a sign of wealth and always has been associated as such. Silver is the lesser of the two, so if you are purchasing a piece of jewelry for someone you love and you are torn between silver and gold, choose gold. A timeless piece of gold jewelry is something they can cherish for a lifetime and like your love, it will never tarnish. Everyone has their own opinion, but when placed against one another, gold investment seems to win every time.
Why do we buy gold? Why do we seek out the best place to sell gold? What is the obsession with gold? The truth is our human fascination with gold is nothing new. Throughout history gold has been a significant part of our human existence. Gold buyers have been highly prized since ancient times, so to help you understand a bit more about this beautiful yellow substance, here is a brief history of gold.
The First Evidence of Gold
Although it is likely humans had gold before 40,000 BC, but archeologists have dated the earliest discovery of gold to that time period. Evidence suggest that gold was not merely mined for its overall beauty, but the ease of the mining process. In today’s world, finding and mining gold is a difficult task, it was actually easier back then as it was more plentiful in natural mines across the globe. Gold is also among the least reactive metals in the periodic table, so those mining it were not overly concerned with the process of removing the precious metal.
How Does Gold Form?
Everything has to have a true origin story and for gold, it all comes down to water and pressure. Turns out, earthquakes and the movement of tectonic plates are what causes gold to form. When an earthquake happens, pressures are drastically altered inside liquid filled rocks. As the pressure decreases drastically when water is leaked out of the rock, gold forms in small deposits.
Do not think, however, that you will find instant gold after every earthquake. It takes centuries to build up enough gold deposits to make them large enough to mine. If you look at where gold is found, and it is found across the world, most deposits are found close to tectonic plate movement areas.
When Was Gold First Coined
It was not until 600 BC that gold first became a part of general currency. Both gold and silver coins were coined by Croesus, the Lydian king. This is the first official account of gold in currency, but it didn’t stop there. Soon many cultures began using gold as currency due to its rarity and value.
When Did the Gold Rush Begin in America?
Although we may think of the California Gold Rush as the very first gold rush in America, it actually was not. The year was 1799 in Cabarrus County North Carolina when a young boy discovered a 17 pound chunk of gold. Given what we have just learned about the formation of gold, that is a lot of pressure in that one area. 1848 was when the California Gold Rush actually began. This rush was followed by the Australian Rush in the 1850s and the Klondike Rush that began in 1896.
How is Gold Used Today?
Gold has never vanished from modern use. It remains a form of currency throughout the globe, but we also have gold in our everyday products. The phones and computers that are utilized today actually have gold in them. Gold is a highly conductive metal, so that is primarily what makes your smartphone’s processors so fast. In 2015, Apple harvested 2,200 pounds of gold from discarded iPhones alone. That is a lot of gold!
What is your first thought when you hear the word gold? Likely, you think of gold bars, coins, or jewelry, but is that all gold truly is? Gold has been a part of our human obsession virtually forever and that fascination has never gone away. Today, gold is prized for its versatility in a variety of products, but what else is there to this amazing, natural element? Let’s find out more about gold.
The Only True Yellow Metal
The color of gold is striking and seems to ooze with opulence, but aren’t other metals yellow as well? No, in fact, gold is the only metal found in nature that is yellow. Other metals must be mixed to have the same hue as gold does naturally.
Why is the Element Symbol for Gold Au?
The periodic table is a little odd when it comes for element symbols, but the symbol for gold makes perfect sense when you know where it originated from. Au is a shortened version of Aurum which is the Latin name for gold. It means Shining Dawn, as ancient people attributed gold to the color of the sun.
Gold is Non-Toxic
Many metals within the periodic table are highly reactive and toxic. Gold is not and that is part of the reason it has been used for so many things throughout history. Gold can actually be eaten and gold flakes are often used in food. Restaurants use gold flakes as toppings for desserts and main dishes to increase their indulgent factor to patrons.
Nobel Metal
Gold is considered a Nobel Metal. This sounds very regal and important, and it truly is. Gold is one of the few metals that do not react with other elements making it easier to mine. It is also a non-corrosive metal and cannot be dissolved by general acid like other metals in the periodic table. The only acid that can dissolve gold is aqua regia which is a special mix of acids that specifically targets gold.
Does Gold Have a Flavor?
No, pure gold does not have a flavor. Gold that is mixed with other metals often has a flavor. That is why you see people taste gold to check if its real in older movies. So, even though gold is used in food, it doesn’t actually add any flavor content to the dish.
Gold is Highly Malleable
Gold can be made into a variety of different things from elements in electronics to the opulent gold necklace around your neck. The metal is so malleable, a 1 ounce piece can be beaten and flattened into a 300 square foot sheet of pure gold. When gold is beaten to this level, it can become almost transparent and may appear greenish or blue in color.
Gold is everywhere we look, if we are willing to look hard enough. Gold is used across the world and selling gold will never go out of style. Gold buyers and gold buying is something that has remained throughout history and will continue in our future. Gold is and will always be a valuable metal and now you know just a bit more about it.
Gold! Even the word sounds elite. Gold has been prized by humans since ancient times dating back to 40,000 B. C., so our obsession with gold is nothing new. Virtually every civilization has had a fascination with gold used for money, jewelry, gold buying, and selling gold. However, our fixation on gold is not simply due to its overall beauty. Behind the shining, opulent nature of gold lies a value far beyond its simple existence.
Difficult to Find
Gold is a natural substance and although the earth is large, there is only so much gold on the planet. Pure, unaltered gold, is found in caves, caverns, and riverbeds in specific areas of the world. Finding it takes a lot of time and effort. Although we live in an age where most of our existence is based on a digital marketplace, gold is one thing that remains a physical entity that must be taken from the source.
High Versatility
When we think of gold, images of large bars and exquisitely crafted jewelry come to mind. However, gold is among the most versatile elements on the periodic table. Gold is actually an incredible conductor. Although it is doubtful very many homes are wired with gold wiring, the potential to wire a home with this non-corrosive entity exists. Gold can be fashioned into any shape for a variety of purposes, so it’s not just a pretty face.
The Symbol of Wealth and Power
Gold has a lot of uses in our world. However, the most common use is to showcase wealth and power. Gold jewelry cascading down the arm of the neck of any individual instantly makes them look like someone special. Gold is traditionally among the most expensive metals, so naturally it has made its mark on royalty, celebrities, and wealthy individuals from all genres.
Gold Jewelry is Often Passed Down
We wish our family members and friends could live with us forever, but that simply is not the case. When someone passes on, they often leave their gold jewelry for the next person to enjoy. Gold rings, earrings, necklaces, bracelets, watches, and other forms of jewelry are highly prized by the family and not just because of their makeup, but for their sentimentality as well. How many of us have grown up looking at our grandmother’s gold jewelry and wishing just to wear it once.
Gold holds its value for a variety of reasons. When we buy gold, we are buying something important. Gold wedding bands symbolize the bond and endless love the couple has for one another. Gold necklaces can symbolize a budding romance and even gold watches are used for retirement to make the important passage of time.
Gold is important in our society and for that we should give it the respect it deserves. Gold is far more than just an impressive piece of jewelry. It is symbolic for so many reasons and when gold buying, always seek out the best places to sell gold. Those establishments may be more expensive, but for those that truly love gold, the quality will be unparalleled.
Gold is beautiful. This precious metal is prized by people throughout the globe, but what is unique about gold is how its cultural impact is represented as well. Where some see gold as just a mere precious metal, other cultures might regard it as more than just monetarily valuable.
Ancient Egypt
Egyptian history showcases an intense love for gold. Their emphasis on gold was primarily based on the representation the metal had for the sun god Ra. The brilliance and yellow hue of gold was the ideal representation for the sun to Ancient Egypt. Gold was so important, kings and royalty were buried with gold of all types and masks were made of the departed’s face to help them in the afterlife.
Ancient Greece
Stories throughout Greek history are full of mentions of gold. Among the most famous was the story of Midas. In the story, everything he touched turned to gold. Gold was used as both a symbol of power, but also as a warning within the story. Although Midas could be the most wealthy man through his touch, he could not embrace his family, eat, or drink, so the overabundance of gold was not what he had imagined when speaking to the oracle that granted him his gift. Ancient Greece is also noted for being the first people to fashion coins out of gold representing our modern currency.
Hinduism
Gold is highly prized in Hinduism and India is often referred to as the Golden Bird. Since India became a country, the purchase of gold for its citizens has been highly prized. Gold is used as a celebratory expression of wealth and power at weddings throughout the culture. Gold buying and selling gold in India is a way to keep wealth alive and therefore, the country thriving. Citizens are still encouraged to buy as much gold as possible. Even though gold prices fluctuate, the overall value remains strong.
Buddhism
Buddhists believe gold to be a symbol of enlightenment and radiance. Golden Budda statues are common throughout Buddhist countries. In fact, the largest Golden Buddha statue, located in the Wat Traimit Temple in Bangkok is continually covered with gold leaf to ensure it remains vibrant and presentable for followers to come see.
Christianity
Throughout the Bible, gold is used as an important part of civilization’s existence. When the Israelites were leaving Egypt, they were told to ask for gold and left with great wealth. Gold is used to represent power in Revelations when talking about the rapture and the end of days on earth.
As we can see, gold is significant in a variety of different cultures and religions throughout the world. Gold is regarded as power and wealth in virtually all civilizations primarily due to its opulence and rarity. We buy gold, in modern society for a variety of reasons and it is given as a symbol of everlasting love. Gold is and forever will be a symbol of wealth and opulence for humans in a variety of cultures.
Like most people, you’ve probably been to a pawn shop before. However, it is quite likely there are a few things about the pawnshop that you just wouldn’t know because most people don’t pay enough attention.
As an industry, there’s a lot that you probably don’t know about pawnshops and being able to get some of these trade secrets will deepen your appreciation of them. We’ve been doing this a while, so you know that we’ve got all the secrets you could need. Let’s look at what you need to know.
They’re Often Successful
One thing you probably don’t know about a typical pawn shop is just how successful they can be. Looks can often be deceiving after all. The reality is that most pawn shops are quite successful because they have many regular people coming in to sell items and then people who are looking to take out a loan.
This is a well-established process in the US, so it shouldn’t be surprising to know that pawn shops are routinely bringing in large amounts of trade. Even the smaller shops operating in quiet towns manage to bring in a substantial revenue monthly.
There is No Pawn Limit
The Modern pawn shop industry is one which is prepared to take any type of goods and products these days. There is no real upper limit about what you can pawn and how much you can get for it, which is why a lot of people sell off family jewels that they don’t want or sporting equipment which has only been used once or twice. The only real limits are what the shop is prepared to offer you and even then, with the power of haggling you’re likely to get a good deal if you’ve done your research ahead of time.
Knowing The Value
If you’re going to successfully sell an item in a pawn shop, then you do need to know the value before you begin the negotiation process. It is often true that a good pawn shop will open with a lowball offer – they are in the business of making money, after all. You’ll need to be confident in your ability to haggle and this is just a case of confidence and a firm understanding of value for your items – don’t be afraid to stand your ground.
Final Thoughts
At the end of the day, a pawn shop is a resource which can offer a lot for anyone who wants to use their services, and as we can also tell, there are a lot of hidden edges to them that you probably don’t know about. The industry is wildly successful even in 2024 and shows no signs of changing anytime soon – being able to offer goods and services at a discounted rate and give out loans means that it is a core part of some people’s financial strategies. With that in mind, it is worth taking a look at what the pawn shop has to offer.
When we think about when the right time to sell a Rolex is, we must consider that there are a lot of factors to consider when debating parting with an old watch. It is not just as simple as waking and up and thinking ‘boy, I’d like to sell this watch’ – no, you need to make a few key decisions, and this involves a bit of industry knowledge. Luckily for you, we’re happy to share this wisdom with you, so let’s look at what you need to know.
Understanding Value
Making a sale of any Rolex hinges around the idea of understanding value and how it can change with time. A car is a good example of this – as soon as you buy a car, it begins to depreciate, which means that 20 years after you purchase it, it won’t be worth as much as it was new. It is hard with most items to get a good resale value unless it is kept in mint condition and is exceedingly rare.
It is worth noting that a good Rolex is a rare item made by a company which has a bespoke brand, therefore the products produced by it are worth exceptional amounts of money for years to come. This is an example of a brand which increases in value with time, running contrary to the normal idea of depreciation.
It’s All Timing
Timing is everything when you’re trying to make a sale, and it is not difficult to see why this is the case. If you sell at the right time in a lot of instances you can make more money.
For example, Christmas is a good time to make a sale because it is the season where people spend more money on gifts and the collectors are looking for the last few pieces for their watch collections. This is a good time to sell a Rolex privately, but honestly, that invites a whole slew of issues.
Contrastingly, consider something like the typical private sale to a company. These happen all across the year, and they are not affected by things like peak sale times. You are going to get a good deal whenever you choose to make a sale, which means that you’re free to pick and choose what works for you – there’s a lot of freedom in terms of what you do.
Selling a Rolex
As we can see, there are no real time limits on when a person can sell a Rolex. It is an event which can be done at any point and it opens up a lot of opportunities. A Rolex is an item which will remain relevant for years to come so it makes total sense that the product itself would be highly valuable. It is easy to pick and choose when to sell in a way that works for you, especially when you consider there are companies who will buy a Rolex all year round.
