- Posted by GBM Blog
- On May 6, 2015
- 0 Comments
The value of gold is generally much more stable than that of any currency or stock being traded in the stock market and it reacts much differently. The way that the value of gold fluctuates can work to the benefit of an experienced investor, as well as anyone looking to sell their gold at a pawn shop.
In economically stable times gold generally remains calm. Its value tends to hover around the same point in prosperous time, and this is an ideal time to make gold purchases. However, in times of economic instability the value of gold can sharply rise and this is an ideal time to let go of any gold you may have kicking around at home or wherever it is you might keep it.
Vast fortunes have been made this way – fortunes that have existed for generations.
Gold in History
In fact, there are those who have held onto vast stores of gold and created economic instability to hoard away as much as they could get their hands on.
For instance, this is one of the many monetary tricks that the Rothschild’s and the Rockefeller’s have under their sleeves, families whose wealth can be traced back several hundreds of years and are partly responsible for the banking system we now know today with all of its warts.
Gold and Pawn Shops
Selling gold at a pawn shop needn’t be a complicated experience for an aspiring gold seller. If you are looking to liquefy some gold assets at your local pawn shop, here are some key things to remember:
The most important advice I can give: do not rush, and do a little bit of research. If you’re going to get market value, you will need to know what the market value is first, don’t you think? And don’t forget to look online as well as sites like eBay can prove to be very helpful in getting a general idea of your piece’s value.
2. Second (and Third) Opinion
Before you shop around your gold to various pawn shops, get a valuation from an accredited jewellery to put a number on your piece.
3. First Offer
Do not just take the first offer that comes your way. Ever.