Gold has reached a new 7-year high! Stimulus measures by central banks usually work in gold’s favor, and these have been abundant as policymakers prepare for the inevitable economic hit. Investors also tend to rush to the safety of bullion in times of uncertainty, which is another contributing factor to this new high.
This chart by goldprice.org shows clear evidence that the gold prices have skyrocketed to an all-time high compared to previous years:
The one bit of good news amidst the chaos of this pandemic is that gold would be worth nearly 27% more today than it would have been a year ago, so if you’re in need of money in these trying times then this may be an avenue to explore.
Sell When Gold Prices Are High
If there was ever a time to sell gold or unwanted jewelry, now would be it. With everyone being on a mandatory lockdown there’s plenty of time to clean out old jewelry boxes or sort through inherited pieces or coin collections to see what you can part with for extra cash. Even broken chains and scrap gold pieces add up, especially with the current market price of gold.
Where Should I Sell My Gold?
Along with the rise in gold value, working with a reputable dealer is also important. There are many gold buyers out there that position themselves in times like this only to take advantage of unsuspecting sellers. Before you select a dealer to sell your gold to be sure to read reviews or ask your friends for a referral so you know that you’re working with someone you can trust. Jewelry stores, or dealers that also sell jewelry and build custom pieces, tend to pay a little higher than a standard gold buyer because they have a true need for your gold and unused jewelry pieces.
If you’re looking for the fairest gold buyer in Mesa, AZ or surrounding areas, we at Nelson Estate Jewelers have established ourselves as a fair secondhand buyer of jewelry, gold, silver, platinum, palladium, and coins. We offer free evaluations and cash offers on your unwanted jewelry and precious metal items. Our offers are based on the current market at time of sale, and should you choose to sell your items, we pay you on the spot. As a service to our clients, we always pay market price for scrap gold, silver, and platinum. We have been voted Best Jewelry Store in Mesa as well as Best Jewelry Store in the East Valley by the readers of the East Valley Tribune.
At Nelson Estate Jewelers we buy:
- Gold: Scrap Gold, Industrial Gold, and Dental Gold
- Silver: Including Sterling Flatware and Tea Sets (Not Plated)
- Platinum & Palladium
- Unwanted Jewelry: Inherited pieces, broken pieces, etc.
- Coins & Bullion
- Diamonds – Premiums on 1ct+ (Chipped/Damaged OK)
- Paper Money (U.S.)
- Designer Pieces
- Period Pieces
- Fine Watches
- Art Glass & Collectibles
- and More!