The Rise In Gold and Gold Prices
The origins of gold date back to 2600 B.C when the Mesopotamians found it and used it to create the first jewelry pieces. Leading up to the year 2021, gold has taken on so many more forms as well as meanings to people around the world. When one thinks of gold, they think opulence, wealth and luxury. If you look back through time, you can see the many uses of gold in the world and how the uses have developed. Early on, people used gold as jewelry and a form of payment. Today, as we know, gold is still used as jewelry, it can be traded and exchanged as well as stored for investment purposes. We also have an unmatchable amount of technology that people in the past did not have, where we can melt down gold and repurpose it. That is one of the many beauties of gold. You can have a gold piece that you do not personally like or have no use for, and melt it down.
Gold has been a desired luxury to have for a very long time. Gold prices have always been changing as the marketplace is very fluid. Some things that can affect the price of gold can be the economy and we know the COVID-19 pandemic that has been around for a while now, ripping through the globe. Due to the COVID-19, the prices of gold have been fluctuating since the economic shutdown, causing gold prices to increase all across the world. Gold as well as silver are both commodities that are being exchanged within a marketplace. The aspects of supply and demand are in full effect. It can be safe to assume that gold and silver are going to be increasing for years and decades to come!
A luxury that we have here at Yankee Peddler and Pawn is inventory as well as pricing. Our pricing is unmatched to other brokers as we are able to take the items from customers at a good price to resell. One factor to also consider would be the increase in spot price of gold, which has been going up for many years as discussed before. Being able to take in any precious metal here at the pawn shop, allows us to have a wide array of inventory for our customers. Items that have gold are jewelry pieces, rings and coins. There are also many items that contain gold and we buy them all!
We want to be the shop you come to and find value. Our company has been buying gold for over 20 years. When coming in to our store with your gold, please be aware that the market price we pay is based on the purity of the gold and is dependent on the supply and demand of the commodity within the marketplace. Some of the factors that can increase the prices of gold can be increased demand and supply, inflation, interest rates and movement within the jewelry market. We can see these factors come into play when the spot price of gold goes up or down. Gold normally is never fixated or flat for a period of time. Now is a great time to be selling gold because it is at an all-time high. If you cash out on your gold pieces at an all-time high, you are obtaining the most you could have. We have experienced buyers here at Yankee Peddler and Pawn and are here to service your needs when you want to cash in your gold.
People are at home more than ever now and that can allow you to go through drawers, belongings and collections you may have at home and thin out your gold pieces. We know how hard these times have been on our community and customers, so feel free to stop by any of our locations to bring in your gold and get cash on the spot for your unwanted goods. We have been in the gold buying business for over 20 years and want to provide you with the best experience you can get. Our prices are the highest you can get around! Give us a call or visit one of our three locations in New London, East Hartford, and Groton for more information on how you can sell us your gold here at Yankee Peddler and Pawn. We look forward to serving you and the community and hope to see you very soon here at Yankee Peddler and Pawn.