Most people know that any gold jewelry can be sold off for its precious metal content value quite easily these days through a local cash for gold dealer. A solid piece of gold jewelry can fetch a price well beyond its aesthetic appeal due to the precious metal content or its “melt” value.
The demand for jewellery as an investment comes in large part from reputation. While there are no direct factors that link gold prices to inflation, the US dollar, or economic and political concerns, investors’ expectations – as long as enough people believe – are powerful enough to create a relationship.
Before the Climb: a brief History of Gold Prices.
First, a quick look at what gold was going in the decades leading up to the climb of the 2000s.
I have run Canada Gold, a precious metal dealer with seven locations across the country, for the past three years. While I am not an expert financial analyst, I have been a keen observer of movements in gold prices and their causes. I studied economics at Queen’s University and wrote an undergraduate thesis on the determinants of gold price.
Having served thousands of customers all across Canada, our gold buyers get to hear all sorts of different stories from many clients about how they acquired their items, where they came from and how long they’ve been sitting around. But often it’s the story about what people plan to do with the windfall from cashing-in their unwanted items like old gold that’s most interesting.
