Did you know that selling silver in New York is becoming just as popular as the more well known option of selling gold? There are many reasons for this, not least of which is the fact that silver is a valuable commodity in today’s market. Another reason for its popularity is that many people have silver items when they don’t always have gold. One downside of selling silver is that it simply isn’t as valuable as gold, resulting in lower payouts. But that all could change in 2012.
Some analysts are saying that 2012 could see a spike in silver prices. There are many factors at play that determine the rise and fall of silver prices, but just like any commodity, it may become more valuable in light of global economic trends. So what does that mean for you and your silver?
The Gold Standard could just as easily be called The Silver Standard because we routinely buy and pawn sterling silver jewelry, silver rings, silver watches, silver coins, silver bars, silver flatware, and more. If you’re wondering if your item is genuine silver, we invite you to bring it in to any one of our convenient locations on Long Island or Queens, but a good rule of thumb is to check for an imprint that reads either Sterling, 925 or 999.
So, the question is: should you wait to sell your silver until prices rise? Absolutely not. Why not? It’s simple. There’s no guarantee that the prices will rise, even though a few experts predict it to do so. The volatility of the global economy is such that nothing is certain. That’s why it’s a good idea to sell your silver now, in case silver prices actually decrease. You can’t be certain about the market, but you can be certain about leaving with cold hard cash! Bring in your unwanted silver today!
Image courtesy Gnilenkov Aleksey on Flickr.