In the world of investments, few options have held their value as consistently as gold. Often referred to as the "safe haven" asset, gold has proven its value time and again, especially during uncertain economic times. However, gold is up nearly 14% from last year. The price of this shiny stuff is around $1,966 per troy ounce. This is like a green light for folks who've been thinking about cashing in their gold. In this post, we're going to see why this could be a good idea and also get some tips on how to sell gold without any worry.
Selling gold when the price is high allows you to make a good amount of cash. What goes up, will often come down, so when the gold price falls, you can buy more gold than you initially had using the money you got from your last sale. This way, you make the most of the changing prices and end up with more gold. When you are ready to turn some gold into cash, Conrad Morris can help. Conrad has built a reputation over decades.
Conrad Morris & Associates has been in the gold, silver, coins, jewelry, and gem business for more than 40 years. They have the experience and knowledge to help you determine what your jewelry or coins are worth and how much you can expect to get if you sell. We host buying events in various places in the central Florida area, but we primarily do home visits, so our customers can sell their valuables from the comfort and safety of their own home. Senior citizens and veterans get a selling premium with CMA! Read more below.
Gold Near Historic Highs
The price of gold isn't just up in the last year. Gold is up OVER 60% in the last 5 years! Will it continue to go up forever? Of course not. In 2011, gold had been on the rise for nearly 10 years. It peaked at nearly $1900/ounce and then fell dramatically over the next 4 years and lost nearly half of it's value.
After that, for the next 4 years until 2019, the price of gold stayed pretty flat and fluctuated between $1100 and $1300 before the current price boom we've seen over the last 4 years where gold has peaked over $2000/ounce. The value lost in 2015 has been completely regained, plus some. We've also been through some of the most turbulent economic times our country has ever witnessed. It's rarely a bad decision to sell something near its highest historic value.
Schedule a Home Visit
Sell gold, coins, jewelry, and precious gems from the comfort of your own home! Don’t trust your valuables to just anyone -- CONRAD WILL COME TO YOU! If you are in Florida, Indiana, or some select locations, contact Conrad at 317-319-8249
Pawn shops and jewelry stores will only give you a fraction of the value for your coins, jewelry, and other forms of gold and silver. CMA pays more! Call Conrad today to set up a HOME VISIT to sell your gold, silver, and precious gems.
Gold Buying Tips
1. Research the Market
Stay informed about current market trends and the factors influencing gold prices. Keep an eye on global economic indicators, geopolitical events, and central bank policies, as these can impact gold prices.
2. Choose the Right Time
Timing is crucial when selling gold. While current prices are promising, consider consulting with financial advisors or experts who can provide insights into other assets experiencing low prices that could offer a higher profit.
3. Verify the Purity
Before selling your gold, ensure you have accurate information about its purity and weight. The purity of gold is typically indicated in karats (e.g., 24k, 18k). This information will play a significant role in determining the value of your gold.
4. Explore Selling Options
Research different avenues for selling your gold, such as local jewelers, pawnshops, or online platforms. Compare offers and choose a reputable buyer who has been in the business for a long time who also offers competitive rates.
5. Understand the Selling Process
Familiarize yourself with the selling process, including any fees or charges that may apply. Ask questions and request documentation if necessary.
Gold Price
It's important to watch the spot price of gold when you are looking to buy or sell. CM+A can help keep you informed of the most recent movements in the price of gold. As always, we take a look at two charts to help provide some perspective on the price. The previous 30 day chart can show you the recent trends and the previous 365 day chart gives a larger context to the current trend.
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Gold Spot Price Last 30 Days | Gold Spot Price Last 365 Days |
Conrad Morris & Associates
CM+A has decades of experience buying and selling. CM+A is based in Indiana, but spends much of the year in Sarasota and St. Lucie areas of Florida. Conrad has built a longstanding, loyal customer base because we use the latest evaluation references and metrics to offer the highest market payouts in the industry, often up to 98.5% of market value for high quality items. Contact us today to schedule a private home visit to buy and sell coins, jewelry, and other forms of precious gems and metals.
We are an active member of the Better Business Bureau. Here is more detail about what we buy. For those looking to buy precious metals and gems, give us a call, we also sell gold and precious gems at our events. We pride ourselves in maintaining a loyal customer base and getting you the highest possible payout. Our main goals are to get you top dollar and provide you with a service you can trust. We love and cherish our veterans! Tell us at the time you show us your product to receive a 5% premium on your monies.
For more tips and news about valuable coins, jewelry, gems, gold, and silver subscribe to our blog. Conrad regularly shares his knowledge as well as Buying Events where he buys and sells these valuables.
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