The U.S. is experiencing a gold rush that has far exceeded past projections by analysts. As of early August 2020, gold is up 27 percent resulting in record highs that have not been seen since mid-2011. Supply, demand, the COVID-19 pandemic, and investor behavior have all had an impact on the soaring price of gold in recent months, making now the perfect time to sell your gold for cash.
With the price of gold on the rise, the team at Robinson’s Jewelers (formerly known as Fort Lauderdale Estate Buyers) is now offering top dollar for your broken or unwanted gold jewelry, gold coins, and other sources of gold.
How Gold is Priced
Gold is generally priced based on weight with prices paid out per gram, ounce, or kilogram. The price of gold usually refers to 24k gold, otherwise known as “pure” gold which consists of 99.99 percent pure gold. Pure 24k gold is known for its bold orange hue and its soft, malleable structure. Due to its color and malleability, 24k pure gold is not usually used for jewelry-making. Instead, less pure forms of gold like 18k, 14k, and 10k gold are used to make bracelets, rings, earrings, watches, and other gold jewelry.
Climbing Gold Prices
Paper currency decreases in value the more that it is printed. However, the supply of gold remains relatively constant. In addition, the price of gold tends to increase when economic conditions worsen due to uncertainty in the stock market. With the COVID-19 pandemic and its effect on the economy, the price of gold has continued to rise making it an efficient tool for diversifying an investment portfolio.
Selling Gold for Cash
There is no better time than the present to sell your gold for cash. The process of selling gold for cash is fast and simple. At Robinson’s Jewelers (formerly known as Fort Lauderdale Estate Buyers), we will appraise your gold, provide an offer, and pay you on the spot. Gold can be brought to our convenient Fort Lauderdale location or can be mailed from the comfort of your home. If you accept our offer, we will pay immediately via cash, check, or direct wire transfer to your bank account.
Fast, Accurate Quotes
If you desire excellent customer service and the highest prices for your broken jewelry or unwanted gold, Robinson’s Jewelers is the ultimate choice. For a fast and accurate quote on your gold jewelry, coins, or other gold pieces, reach out to the trustworthy experts at Robinson’s Jewelers today.