Mon
Sep
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Archive for September, 2009
Sat
Sep
5
The Golden Recession
You can tell that people are still suffering from this recession by the amount of commercials on TV and on websites for companies that want to buy gold from you. With gold sitting at almost $1,000 per ounce, it is tempting for anyone to sell any of their jewelry that they don’t wear any more. Of course that is the price for 24kt gold but you could still end up with a decent amount of money for an old chain or class ring. You would get more for it if they were paying for the design but all they are paying for is the weight of the item and the karat.
My cousin use to buy gold coins all the time but he has had to stop due to the rise in gold prices. Right now he is debating on whether to keep the collection he has or try to sell the coins off. If he can find a buyer, he is going to sell them and hang on to the money until the price goes back down to a reasonable level. Once it does that, he is going to buy gold bullion and hang on to it as his future savings. Man, I wish I had those problems…should I sell gold or buy bullion? Oh the life! If any of you out there want to buy gold coin, just let me know and I will pass your info along to him.