Posted by Mike McKee on Mon, Nov 26, 2012 @ 11:15 AM
The American experience tells us that there is always a story behind the "official" story. When the Benghazi attack occurred, everyone expected the Commander in Chief to take a hard line and publicly condemn the attack on the American embassy in Benghazi. Although we got some solemn words from Secretary Clinton the morning after the attack, the Administration's overall response has been lacking from the begining. Our experience tells us that our collective gut feeling in a situation like this tells us that there is a hidden story. Much like the Bush administration's manipulation of intelligence regarding possible weapons of mass destruction leading up to the Iraq war, there appears to be a hidden and potentially devious story behind the Benghazi massacre.
At the time of the attack, we need to keep in perspective the fact that Obama was reeling from low approval ratings and moving into the last month of the presidential race. He hadnt had a boost in ratings since the assault on the Bin Laden compound in Pakistan. Given the "top-down" management of the Benghazi attack response and the response to the Congress and the American people, this matter certainly gives one pause to wonder if this was a staged attack that went terribly wrong. If the Administration was attempting to set up a Bin Laden type rescue of the Ambassador, then things indeed did go terribly wrong. However, this would explain why the Administration has provided such a diluted response to the attack and tried to simply "brush it under the rug."
The fact that there was a second and prolonged attack on the "safe" house should raise immediate concerns regarding the intelligence operatives on the ground working against the American interests. The removal of the Petraeus "Al Queda" reference in the top level CIA report, tells us that the NSA was at work after the memo left the CIA. Thus, we are left with high level NSA involvement on a matter that the Administration has downplayed from the beginning. What's wrong in the henhouse.
What then are we left with at the end of the day. An Ambassador and three others killed and no response whatsoever from the American government. How then does this affect the price of gold? With a chilling lack of faith in the credibility of the administration, investors seek a safe haven from the unknowns of an administration without a clear agenda. Cash for gold becomes the new currency where the American dollar is challenged by the Chinese, Iranians and others as they try to debase the dollar as the benchmark for international currencies. The price of gold can only go up where uncertainty and instability reign. Gold buyers will have a busy season this year.
Posted by Mike McKee on Wed, Nov 07, 2012 @ 11:51 AM
On the morning of the Presidential Election, we saw a determined spike in the price of gold. The rise in price didn't stop until mid-afternoon. The $30 jump in price was an early indicator of the election result. Similarly, commodities jumped across the board as word on the street contemplated an Obama second term. With continuing economic uncertainty and a willingness to continue quantitaive easing, the risk factor in future commodity markets jumped resulting in a flight to safe investments in Gold and Treasuries. Suddenly, analysts with an estimate of future pricing of $2,500 an Troy ounce seemed to be in the right frame of mind.
With the price of gold jumping, the overnight re-election of Obama then turned the stock market with an election hangover market impact of 300+ points and the first drop below !3,000 in two months. Despite the electorate mandate of a second term, Wall Street has a different opinion of the ability of the newly elected president to improve the economy. Not surprisingly, with the electorate divided so evenly, there are bound to be post-election reactions in the market. Query whether a Romney victory would have resulted in a surge in the markets. A result that we will never know.
So where do gold buyers go from here. If the last four years are any indication of future performance of the Obama administration's economic recovery, then we will continue on the road to a slow recovery in various components of the economy. People who have set aside gold will continue to hold on to their safety net. Customers who have a continuing need to generate cash will continue to sell gold jewelry and gold coins. In other words, we are maintaining the status quo. With the price of gold continuing to rise with a good head of steam, selling gold continues to reap rewards for customers.
Posted by Mike McKee on Sun, Oct 14, 2012 @ 02:05 PM
We were excited to see the recent run in gold price. Gold Buyers maintain daily pricing based on the spot price for that particular day. With the price of gold ranging to its highest pricing in eighteen months, selling gold jewelry has become a very popular way to raise quick cash. We are seeing a lot of new customers selling their gold jewelry and silver. Customers who have already sold their gold are digging out their silver flatware and capitalizing on the concurrent rise in the price of silver into the mid $30 range. There's lots of cash flowing into customers' hands as they continue to sell precious metals into the metals recycling loop.
As the business has grown and become popular, we are seeing a collateral business rising in the world of counterfeits. From counterfeit silver coins to counterfeit heavy gold chains, these items increasingly show up for testing in the showroom. The pieces are always "inherited" or "gifted," but they always test out as non-gold. Gold sellers should be careful that they don't intentionally try to pass these counterfeit pieces off as real gold as it could give rise to prosecution of a criminal offense. Gold buyers should be careful not to accept such goods and should encourage sellers to destroy the items if they are not gold, but marked as gold.
However, all that glitters is not gold! The last few days has resulted in a softening of the price of gold in the marketplace. All eyes are on the upcoming presidential election and the economic fall-out once all the politicized rhetoric has come to an end. The real state of the economy continues to affect the price of gold resulting in the recent historic highs but dampened by the political messaging on the state of the economy. The allure of control of the oval office and its attendant powers, has both sides of the political debate over-stating and under-stating various economic components of the country's economic recovery. This equivocation on reality, is giving pause to logical decision-making in the market.
Posted by Charlie Moore on Thu, Dec 01, 2011 @ 09:14 PM
I'm always surprised at the level of kindness that people are capable of in today's hectic world. People sell gold for all kinds of reasons. Today we had a client who was selling her gold jewelry to help her next door neighbors for the holidays. The family had suffered through a number of health problems, loss of jobs, and kids with special needs. As the holidays approached, it was clear that this family would have little if anything to share and little to celebrate for Christmas. There were no toys, no clothes and no food. Our client was stepping up to be a good neighbor and a good samaritan. She also had little means to help, but she was determined to help. Searching through her things, she remembered her jewelry box tucked away in her closet that contained her old gold necklaces and earings. Her friend had told her about our showroom and how she could get cash for gold jewelry.
Hoping to get a couple of hundred dollars at most for her gold jewelry, she visited our showroom in Atlanta. We shared some good stories and tested her gold. After a bit, she was anxious to get her cash so that she could go buy winter coats for the neighbor's children. When we finished testing her gold jewelry we added a special bonus to her valuation. Then we let her know that her gold was valued at more than several hundred dollars.
I looked up to see our client crying. She was crying tears of joy! She was so happy to get so much for her gold jewelry. She knew now that she could really make a difference and buy so much more for her neighbors in need. She cried and cried and we all had a gold laugh. It was going to be a good Christmas. That was the spirit of giving.
Posted by Charlie Moore on Mon, Nov 14, 2011 @ 03:38 PM
We like to help people. As gold buyers, we talk to a lot of people who want or need to sell their gold jewelry. There are happy stories and sad stories. Some are exciting and some are stories of plain old necessity. We have always been one of the highest paying cash for gold sites on the Internet and always help people out in our showroom in Atlanta. It always an exciting business and we wanted to share some of our stories with you-without sharing any identities of course.
The first client I remember who came into the store several years ago with a large jewelry box teeming with glittering gold jewelry was Annie, a woman of maturity, but seemingly quite healthy. Annie needed to sell her gold jewelry to raise money by necessity. We talked for a bit and got on well and Annie soon shared her story with me. A few years earlier Annie had been diagnosed with a case of terminal cancer. By the time she had received her diagnosis, the doctors only gave her a few months to live. Her case was terminal and she was told that there was no treatment that could save her. Imagine the emotions that she felt after hearing such terrible news! Hurt, anger, dismay, depression to just name a few. Before long though, Annie realized that with so little time to live, she'd better live it up and fast! She quit her job and just started having a great time enjoying life. What could be better when you knew that each day could be your last. You enjoy each minute to its fullest--and she did. After a month of good times, she decided to move from the Northeast to be closer to her daughter in Atlanta. After going through all of her savings buying fun things and lavishing farewell gifts upon her daughter, Annie noticed a funny thing. She wasn't getting any worse. In fact, she wasn't feeling so bad after all. A trip to an oncologist in Atlanta yielded some stange and unsettling news. She wasn't going to die after all. In fact, she didn't have cancer at all.
Annie was healthy, somewhat happy, and ALIVE! Unfortunately, however, her mis-diagnosis had led her on a spending spree that left her broke. She found a part time job and was now standing at our counter selling her gold jewelry to pay rent and expenses. She got thousands for selling her gold jewelry, but it didn't compare to her new lease on life. We were very excited to help her get back on her feet to get started on her new life. What a story!
Posted by Mike McKee on Wed, Jul 27, 2011 @ 11:53 AM
With the price of gold topping $1600 these days, everyone is asking the question, how to sell gold online? We try to be optomistic about gold prices, but we expect the price of gold to decline significantly once the US Congress reaches its accord on the US budget crisis. So now is an excellent time to take advantage of these higher pricing indexes for gold bullion.
Selling gold jewelry online is easy and safe. Request a GoldExpressPack by filling out the information request on any page of this site and get your GoldExpressPack sent directly to your home. We've had tremendous success in helping our customers convert their gold jewelry into much needed cash. Thousands of successful mail-in packs have resulted in the highest payouts to our customers. When a customer wants to know how to sell gold jewelry online, we hold their hand through the entire process to make sure they have the possible experience. We want our customers to be happy and that means getting cash into their hands quickly.
We tell you the right way to sell gold online so that you have a safe, easy and rewarding experience. Once you receive your GoldExpressPack, examine all of your items and prepare the enclosed inventory. Make a notation as to the number of each type of gold jewelry, eg. (2) gold bracelets, (5) gold rings and (3) gold necklaces. Fold the top edge of the inventory sheet so that it fits into the plastic bag and place all of your gold items into the enclosed heavy plastic bag. This bag protects the integrity of your items in transit. In order to provide additional security for your items we have enclosed a white Tyvek pack that's the toughest packing material in the industry.
Insert your full and sealed heavy duty plastic envelope into the secure Tyvek pack. The Business Reply Tyvek Pak is marked to ensure that your items always get to us quickly through the mail system. If ever lost, the Postal Service will promptly return the items to us.
How do I know which items to submit?
If you are unsure whether an item is gold or not, look to see if there are any karat marks on the items. Look for a 10k, 14k, or 18k on the inside of gold rings or on the tongue of a bracelt. These marks can also be found on the clasp of a necklace or on the post or loop of an earring.
Can I submit items that aren't marked?
Absolutely, we welcome you to send in all your items wheter marked or not. We will test and evaluate each and every piece to make sure you get the most cash for gold possible.
Will my items be safe in the mail?
We have a fabulous track record for all of our shipments. Your items will make it safe and sound. This is based on thousands of customer shipments just like yours.
How will I know when you receive my items?
We will email you when your shipment arrives so that you can rest assured it has been received and is being processed for payment.
What if I'm not happy with my payment?
We're not happy till you're happy. We keep your items secure and safe until you cash our check. If you desire your items back for any reason, just let us know and we'll immediately return your items to you at our cost.
Now you know how to sell gold online. We're waiting to put cash into your hands. Let us help you get the most cash for your gold at GoldPawnShop.com!
Posted by Mike McKee on Thu, Apr 21, 2011 @ 01:48 PM
Wow! Sustained pricing above the $1500 mark! We're excited to see that gold is taking on new highs. With the bull market in gold in a rush to move and stay above $1500 a Troy ounce, selling gold is the way to make some serious money. Gold buyers are seeing the tail of the release of consumer gold as so many people are selling gold in the retail buying marketplace. With so many gold buying shops set up, gold buyers are vying for consumers who are selling gold and selling gold jewelry. This makes for an opportune time to sell gold to gold buyers who are willing to compete for your business. Gold values have never been higher and we're suprised to see them at this level with the improving economy. However, gold values remain strong as demand continues to be strong.
Surprisingly, silver has become an active market as silver hit $40 an ounce. With much of the retail gold already on the move, gold sellers are moving to silver sales to generate money. That means that lots of silver jewelry, silver coins and silver bullion are quickly moving on the market. The price of gold seems to be pulling the price of silver along in the commodities market. Since there is no shortage of strength in the market, the price of gold and silver will keep moving in a positive direction.
Keep in mind, however, that the bubble will burst at some point, but demand continues to be strong for gold and silver. While the price of gold and silver continues to maintain, its a great opportunity to liquidate your gold and silver and to capitalize on the strength of the market. A lot of silver coins (any circulating US silver coin minted prior to 1964) and gold coins are finding their way out of coin collections and are generating excellent cash value for their owners. Strangely, the collecting value is far less than the scrap value of many of these silver coins at this pricing level.
Posted by Mike McKee on Mon, Mar 14, 2011 @ 08:55 AM
You've got to love the enduring strength of this gold market! Since I've already predicted that the "sky is falling!" and the price of gold has dropped significantly. However, it keeps coming back! On the flip side, its related to the enduring weakness in the economy and the residual fear investors continue to nuture from getting burned in the equities market. For today, the price of gold is still well beyond expectations and everyone can enjoy high pricing for the foreseeable future.
With the price of gold over $1400 a Troy ounce, gold buyers will be competing for your business. Payouts are still great for anyone selling gold or selling gold jewelry as the pricing dominates the buy/sell equation. If you are ready to sell gold, the time continues to be opportune for you to get the most cash for gold and benefit from the high price of gold. Selling gold is never an easy choice for consumers unless you understand that the price of gold is at an all time high.
Selling gold to the right gold buyer is critical to getting the most cash for gold. Know your gold buyer. The best way to rate your gold buyer in an un-biased way is to use the services of a legitimate third party. The Better Business Bureau is a third party that you can trust to give you a snapshot of your gold buyer. How is your gold buyer treating other customers? The BBB gives a rolling assessment of the interactions of other customers with your gold buyer.
Make sure that the gold buyer is an "accredited" member of the BBB which means that the gold buyer has agreed to adhere to an established customer dispute resolution process. Selling gold means you are disposing of an asset so choosing the right gold buyer is an important decision. The BBB history on a gold buyer shows the number of complaints received by the BBB against the gold buyer and reflects their business practices. A great rating by the BBB, such as an "A" rating means that the gold buyer has a distinguised of good business practices not resulting in complaints.
Before you sell gold or begin selling gold jewelry, make sure your gold buyer is an accredited member of the BBB and will get you the most cash for gold in the marketplace.
Posted by Charlie Moore on Tue, Mar 01, 2011 @ 11:05 AM
After watching the steady decline of the price of gold as the economy improved, Gold is once again on the rise. HI-RISE! Gold tripped at a high of almost $1,430 today with an intra-day rise of $16--that was just in the AM! No doubt, international events are affecting markets. As the price of a barrel of oil and the price of gold seem to be entwined in a cosmic dance, oil is driving gold to new highs. Selling gold and selling gold jewelry and gold coins is again a great way to cash out in shaky economic times. There is no better way to get fast cash in hand than to sell gold at record high prices. Your return is fast and immediate. You walk out with a fist full of cash and can pay your bills or reduce your debt position.
Cash for gold is an easy and effective way to transition an under-utilized asset (gold jewelry or gold coins) into cash. Choosing this moment in time means that you will get the highest return on your investment based on the new historical highs for gold. Will gold find its way to $1,500 an ounce? Keep an eye on the Middle East and the price of a barrel of oil and gold will likely follow. Gold is highly sought after in the mid-East and is a much more liquid form of currency than in the U.S. In jewelry form, we see jewelry that is a much higher karat than preferred in the U.S. This may just be a preference based on color or the liquidity association that is placed on gold jewelry in mid-Eastern countries.
Selling gold is smart and easy. Gold buyers are always willing to move gold into cash. Find a gold buyer that you trust and get cash for gold that makes sense for you. We always look for gold buyers who offer a great rate and are willing to offer bonuses on top of the payout. The bonus cuts into the gold buyers profit, but gets them more customers. It also puts more money in your pocket!
Posted by Mike McKee on Sun, Jan 16, 2011 @ 11:39 AM
The season for holiday gift giving has come and gone, but the bills are now rolling in! Selling gold jewelry and selling gold coins to gold buyers for cash has saved many holiday spenders. With the bills racking up, gold has become an easy way to cash in quickly to pay off bills that won't go away. We clients every day who are amazed at the cash value of their gold jewelry.
Gold jewelry has a shelf life of 4-6 years at best and then it tends to go out of style. Most of our fashionista clients who like gold jewelry watch these out of style pieces work their way to the bottom of the jewelry box or dresser drawer as they wear more up to date and current pieces. Unlike fashion clothing, old gold jewelry doesn't seem to cycle back into style. Thus, the out of fashion jewelry sits quietly waiting for its owner to realize its real value as CASH!
With gold prices still soaring in the mid $1300 TOz, that out of fashion gold jewelry can quickly and easily be exchanged in a cash for gold transaction for top dollars. Its all about recognizing the best use of your assets and making simple choices about selling gold jewelry at the right price. We've seen gold hit its high mark and it is now trending lower. There has never been a better time to take advantage of the higher price of gold.
As always, we advise our clients not to sell gold jewelry items that have a personal attachment and which are sentimental as keepsakes. As for the rest, its all about getting the most cash for gold while the price of gold is still at historical highs!