You may not believe it, but gold has experienced a turbulent past, with one of the most remarkable events being US president Nixon’s announcement of the cancellation of the convertibility between the US dollar and gold. Although this is one of a number of dips within the history of Gold, it has seen far more rises during times of financial crisis than it has dips through political interference. Take for example the economic crisis which began during early 1980, this saw the gold price soar to a staggering $850 per ounce. This spike in pricing was also reflected during the most recent financial crisis, with the precious metal seeing an all-time high of $1800 in 2012.

The value of gold continued to stabilize during the beginning of November. This market value pattern that has been seen most recently certainly suggests that now is the time to sell for consumers who may still be holding on to unwanted gold, with a still relatively healthy value of $1,145.64 per ounce.

With such a colourful past you may want to know what the future holds for the value of gold in the years and decades to come. Whilst this is somewhat of an impossible question, we can surmise that financial turbulence is somewhat inevitable in what is a global market, particularly as power shifts between the economies of the world. One such economy that well impact upon the financial status of America is that of China.

That said, we then look towards the origins of the financial crisis that we are just emerging from. This cause, the subprime mortgage market and its associated debt, is largely becoming better regulated, with strategies being put in place to avoid such a situation ever occurring again.

In short, there is reason to look towards the future with both optimism and scepticism.

If you’re looking to buy your gold before any potential dip in price then cash in today with Mega Gold in Miami, Florida. We know all there is to know about the gold market and always maximise our clients pay-outs. We specialize in buying: Watches, Rings, Jewellery, Necklaces and Bracelets, and we always provide instant pay-outs. So call in today, no appointment necessary, to chat with our friendly and knowledgeable staff about your gold pay day.