Capture the Value in Your Precious Metals when Prices Are High
If you are investing in precious metals, chances are you know that gold is currently trading for $1778.30 on the London Fix. But did you also know that over the last five years, the trading price has increased $434.00? That’s an increase of about one-third. That means this is a good time to sell the gold that you are holding.
And did you know that platinum, which is now trading at $1025.00, was trading for less than $900.00 five years ago? So that’s an increase of more than 10 percent. (Note too that 10 years ago, platinum was trading for about $1600.00. So while platinum has fallen in value over the last decade, its trading price has increased steadily for the last five years.)
And let’s mention that the trading price of silver, which is currently $23.72, has increased nearly 20% in the last five years.
So Now Is the Time to Sell
It’s very basic advice that the best time to sell any investment is when it is worth the most. But other considerations come into play too – many of them a little more subtle. For example:
The less money you spend for every ounce of precious metal, the more money you will make when you liquidate it. Smart investors, for example, know that they can acquire an ounce of gold, silver or platinum at the lowest prices if they buy scrap of different kinds – scrap like used palladium sponge or welding scrap that contains silver. They also know that if they buy coins or bullion, they are going to pay for the metals they contain at prices that are as high as current trading prices, or higher. That explains why many investors are so bullish on scrap – and why we are too.
A technologically advanced precious metal refinery will net you a higher return on your scrap. That is another way of saying that a highly capable refinery like ours will extract the maximum quantity of gold, silver or platinum from the scrap you send us to process. And the more metal we extract for you, the more money you make. So it pays you to use the best precious metal refinery you can find.
Good Investments that Offer a High Payback on Every Dollar
Be on the lookout for underpriced items. This again follows the principle that the less you pay for gold, silver and platinum, the more money you stand to make when you sell it. And currently, smart investors are finding that certain items like these can be purchased at below-trading prices:
Platinum engagement rings – People have them, they are sometimes eager to liquidate them and if they are, you can sometimes buy them at advantageous prices.
Old off-brand watches with gold and gold-filled cases - We are not talking about high-end, high-reputation watches like Rolexes and other Swiss brands. We are talking about less prestigious brands like Bulova, Longines, and others. Some easy-to-overlook older watches contain good amounts of gold that make them a good investment value.
Industrial scrap of all kinds – Whether it comes from a jewelry maker or a plating facility, it represents your best investing value.
Old gold-filled eyeglass frames – We have written about them before, and we are still enthusiastic about them. Gold-filled frames from 25, 30 or more years back contain a lot more gold than frames that are made today, which are plated with only a tiny quantity of gold.
Know What You Have Before You Recycle or Refine
Before you give any refinery a green light to reclaim the gold, silver or platinum from items you send them, get a full report that explains what they contain, and the amount of money you will receive.
That too is basic advice. It also explains why you should talk to our precious metal investing specialists about having us test your items and tell you what they contain.
To learn more, give us a call at 800-426-2344.