Learn how to find gold, silver and platinum treasures. Designed for estate sale, storage unit, garage sale and thrift store treasure hunters! Cost is $20. Find out the secrets that the “Cash for Gold” places don’t want you to know.
405.753.5356
New Gold Rush
The value of gold almost always goes up a little in a down economy, so it’s no wonder gold values today are at the highest they have ever been. Additionally, unemployment is at its highest levels since just after the Great Depression at the end of World War II, so it makes since that many of those struggling to find work have begun spending their free time looking for gold. While many hope to strike it rich, most are mainly concerned with just making a living.
These factors have created what some are now calling a “New Gold Rush”, panicked investors are piling their money into gold, and prices continue to surge upward. Because gold is one of the only things in America that is currently rising in value, more and more people want to get their hands on it. Additionally, many people believe that paper money is on its way out, as confidence in our currency is slowly waning.
Incredibly, the Americans who are out there panning and digging for gold are actually helping the economy by working hard to maintain their economic status without relying on any handouts from the federal government. Because Gold has a globally recognized value, and because those who prospect for it are not so much earning money as they are finding it, the results of their efforts may actually end up slowly helping our economy to turn around.
One of the best parts of panning for gold is that you don’t need a lot of supplies. In fact, most people are able to work with only a gold pan, available for about $5. Because panning can be so tedious, many choose to buy a sluice box (about $50) to help them out. Additionally, in many states including California, gold prospecting is highly unregulated. Some do not even require a permit. This makes searching for gold incredibly easy and potentially incredibly lucrative. However, it is important that people not think of panning for gold as a full-time job, but rather like a trip to the casino as it is very possible that an entire week of work will turn up nothing. As with any type of gambling, sometimes you win and sometimes you don’t.
If you’re looking to sell gold in Oklahoma, call us to set up an appointment. We pay top dollar for gold.
In September 2010 we learned that Ex Oriente Luxe, a German company that builds and manages gold vending machines, had plans to install their machines in the US. The first Gold To Go machine was installed in the lobby of Abu Dhabi’s Emirates Palace Hotel, which has boasted that is the most luxurious hotel in the United Arab Emirates. The machine was designed by German entrepreneur Thomas Geisler who announced that all of the gold for the machines is imported from Germany.
In January 2011, just a few months after the machine’s introduction in Abu Dhabi, the Golden Nugget Hotel and Casino in Las Vegas installed America’s first gold ATM. The machine is painted a gleaming gold color that will attract potential customers from across the room and give them 320 items to choose from. The machine takes cash or credit card and dispenses small 24-karat bars ranging from 1 gram to 1 ounce, as well as coins like the South African Krugerrand, Australian Kangaroo, and the Canadian Maple Leaf. Through a computer system, the gold ATM checks and updates the gold price every 90 seconds to make sure customers get the most current prices.
Even though gold values are at all-time highs, gold is still in very high demand and its value will likely continue to rise. Currently there are two machines in the US, one in Las Vegas and one in Florida, which experts are watching closely in order to gauge whether there is a market for even more machines across the US. A spokeswoman for the Ex Oriente Luxe stated that there isn’t an exact commission that the company receives from the machines, but that the gold prices are slightly higher than market value.
If you have been considering investing your money in gold but were unsure where to begin, these machines might be the quickest and easiest way for you to do it. With gold currently selling for over $1,800 an ounce, your new gold won’t come cheap, but with gold prices continuing to rise, it may be a good investment. To sell gold in Oklahoma, contact us today to receive top dollar for your gold.
Opportunities to sell scrap gold have been popping up all over the place recently, and it seems like this has made people forget that selling silver is also a great way to make money.
Silver Outperforming Gold?
Since 2001, the value of gold has been appreciating quickly, more than quintupling in price, but what many people don’t realize is that the value of silver has actually recently outperformed the value of gold. In fact, from January 2010 to June 2011, the value of gold increased 34% while the value of silver increased more than 100%.
One of the great things about precious metals is that their value continues to climb. In the last 50 years, the value of silver has barely fallen more than a few points on three occasions. This means that silver will continue to hold its value as the value of the US dollar falls.
Thoughts of Investing?
What is interesting about silver is that its value does not depend on the economy the way gold does. That is, while gold prices go up during tough economic times, the value of gold is more dependent on industrial usage. Today, market demand for silver is growing while supplies are disappearing. It is likely that new high-tech uses for silver will exacerbate this problem and the value of silver will rise even higher.
You are probably familiar with the “buy low, sell high” idiom, and because you already own your silver, buying low is not going to be a problem. If you are looking to sell your silver, the markets are high right now and you can probably make some good money. However, because the value of silver is expected to continue to rise in the coming years, it is also probably a great time to invest in silver. Of course, no one can say for sure what the market will look like over the next few years, but silver’s prospects are certainly looking good.
For more information on how to sell gold in Oklahoma City contact Valley Goldmine OKC today for a FREE appraisal. (405-796-4993)
http://www.autoevolution.com/news/schumachers-scuderia-ferrari-f1-motorhome-sells-for-134400-39946.html
When buying gold, especially with the current value of gold being so high, it is very easy to get ripped off. The best way to arm yourself against cash for gold scams is to do your research and know what you are looking for ahead of time. When it comes to gold nuggets, it is very important to know your different screen and mesh sizes.
Mesh refers to the openings between the threads of a screen and it is measured by the number of openings per inch. So if you are using a mesh screen like this one to look for gold, and there are 10 holes or openings per square inch, that would be 10 mesh. The larger your gold’s mesh number is, the more fine-grained it is. Large nuggets will not pass through the holes of a screen so they are obviously more valuable.
Gold nuggets are valued differently than other forms of gold such as raw gold, scrap gold, and gold in coin form. If you are trying to sell your gold nuggets, the purchaser would determine their value based on not only their weight and purity, but also their shine, luster, purity, and origin. For this reason, if you are thinking about purchasing a gold nugget, you should look at its shine, luster, purity, and find out where it came from before you decide to buy.
People who collect gold might be looking for a nugget that is a particular shape or size, and they will hunt until they find the right one and also be willing to pay more money for it. For example, if you found a nugget that was shaped like a letter of the alphabet that had some significance to you, you would probably be willing to buy it for more than it was worth. As long as you are happy with your purchase and don’t feel like you have spent too much money, you have probably made a good investment.