The Historical Value of Gold and Why You Should Sell Your Unwanted Gold Now
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Posted On :
Sep-21-2009
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Article Word Count :
478
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Gold is a precious metal that is used in coins, jewelry, and art. It has always been a fascination for the general public because of its glittery appearance and high value/weight ratio. In general, gold has always been a highly priced commodity.
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Gold is a precious metal that is used in coins, jewelry, and art. It has always been a fascination for the general public because of its glittery appearance and high value/weight ratio. In general, gold has always been a highly priced commodity.
Although the price of gold does fluctuate a bit, it has been increasing steadily over the last several years. In the year 2000, the price of gold was a little less than $300 per ounce. Today, the price of gold is a little less than $1,000. History has shown us that the price of gold goes up during tough economic times. In fact, according to financial analysts, the markets are indicating a reduction in demand for the dollar and further strength in gold prices.
Historically, the monetary units of countries were defined in gold. This is still true in the US, where a monetary unit is expressed as the number of units of gold per currency. In developing countries, gold is stored by people who distrust government currency, bank money, and bonds due to the instability of their economies.
In the past, gold prices in the US were fixed. For many decades, an ounce of gold was priced at $20.67. By 1975, the price of gold in the US was allowed to fluctuate. The price of gold has always been high because gold is rare and is the most stable of commodities. During the recession, the demand for gold has boosted because of worries about inflation.
So what does the historical value of gold have to do with you selling gold? Considering how the value of gold has gone up substantially in the last several years, there is no better time than now to sell your unwanted gold. If you have a jewelry box full of old jewelry that you never use or scrap gold that you don’t know what to do with, selling your gold for cash is an option that’s available to you. You may be surprised by all of the jewelry you find when you take a look through your belongings. If you don’t have any use for it, you may as well sell it and make some extra cash. Otherwise, it will just sit around collecting dust.
Whether your mom gave you some of your grandma’s old jewelry and you want to make some money with it or you want to get rid of all the jewelry your ex bought you so you can move on, selling your gold is a great way to make some extra money during the recession. We could all use some side income considering the current state of the economy and selling gold is one of the easiest and most lucrative ways to do so.
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Article Source :
http://www.articleseen.com/Article_The Historical Value of Gold and Why You Should Sell Your Unwanted Gold Now_3373.aspx
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Author Resource :
Mark Richardson has been buying gold from those looking to sell old jewelry or other items. His company, KC Gold Refiners, specializes in refining gold, silver and platinum jewelry. Selling your gold to gold refiners brings back a better ROI since you cut out the middle man.
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Keywords :
scrap silver, scrap platinum, old jewelry, fast cash, payday loan, pawn, pawn shop, quick cash, precious metal refiner, sell ,
Category :
Fashion
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Jewelry
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