Precious Metals Education

Archive for the ‘Precious Metals Education’ Category

By Zach on December 19th, 2011

Platinum

Platinum Ore

Platinum is the rarest precious metal. Unlike gold and silver, there are no platinum stockpiles to protect against supply disruptions. The majority (90%) of platinum comes from South Africa and Russia, and all of the platinum mined in South Africa is contracted to industrial needs. It takes 10 tons of raw ore to produce just one ounce of pure platinum! Another reason for platinum being such a precious metal is that it is in high demand because of its many usages but is in low supply. There are two main uses for platinum: industrial purposes and retail platinum products. (more…)

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Sell Gold Syosset: Not Just Home to Celebs!

By Ashlyn on October 20th, 2011

Live in the Syosset area and interested in selling your unwanted gold and silver items? Here’s an interesting background to a town where you can not only sell your gold and silver, but be starstruck as well! Syosset, New York, should just change it’s name to Celebrity Hometown for Hollywood. Syosset is home to many Hollywood actors, actresses, and directors.

Judd Apatow- Known for directing films such as Knocked Up and Superbad
Alicia Keys- Singer, songwriter, actress, and Grammy Award winner
Natalie Portman- Actress in films such as Garden State and Black Swan

These are but a few of the notable people that claim Syosset as their hometown. But even though Syosset is famous for, well, famous people, it doesn’t mean that the economy hasn’t affected people living in the area.
That is why The Gold Standard of Syosset says that now more than ever is the time to sell gold in Syosett! Ladies, we all know we might have some old jewelry laying around that we don’t wear anymore. Men- that gold watch that broke 2 years ago? Why not sell it? You’ve probably already bought a new one anyways, so instead of throwing it away, get some extra cash out of it!
The Gold Standard of Syosset buys all types of jewelry. Here are just a few of the items you can sell:

The Red Carpet That Leads To Cash

Rings
Necklaces
Class Rings
Broken Gold Jewelry
Gold Bracelets
Gold or Silver Coins
Melted Gold
And More!

You’re probably thinking, “I’ve heard all about this gold stuff. How can I trust them?”
This is what makes The Gold Standard of Syosset different from other jewelry and gold buyers. Not only is it a family business with a history in the jewelry industry for over 75 years, but all of their scales are certified and calibrated by the state of New York. Still not convinced?
The Gold Standard has a 100% satisfaction guarantee! Not many gold buyers can claim that.
If you have items that you want to get rid of, want, or need extra cash contact The Gold Standard of Syosset!

Email: syosset@nygoldcashers.com
Phone: (516) 513-0830

Contact us today! You may not be a celebrity, but by the time you get your money–you may feel like one!
Photo Courtesy of Freedigitalphotos.net

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Tags: buy gold, celeb hometown, Extra Cash, sell gold syossett, syosset new york, The Gold Stand of Syosset, the gold standard
Posted in Gold stories, Pawn, Precious Metals Education, Selling Gold, Selling Platinum, Selling Silver, Syosset | No Comments »

Don’t Underestimate Your Metal: Easy Steps to Find and Sell Platinum

By Val on October 5th, 2011

Platinum is one of the most overlooked yet valuable items on the market today. Oddly enough, platinum is actually very rare: 35% more rare than gold. Many people consider platinum to be a “new” metal, however the first use of it is recorded in an inlay in ancient Egypt. Even the Egyptians didn’t know what it was, mistaking platinum for a mixture of gold and silver. Platinum was not introduced into Europe until the eighteenth century and reached its peak of popularity in the US in the 1900’s.

Today, many wedding bands, watches, necklaces and other jewelry are made from platinum. Like the Egyptians, and other historians, people often have trouble identifying platinum. If you’re planning on selling platinum, make sure you get your money’s worth. Here are some easy and interesting ways to find and sell platinum:

Identification—rings and watches are usually stamped “PT950″ or another number after the “PT”. But these aren’t the only indicators. Chains and earrings don’t always have stamps. Don’t accidentally sell your valuable platinum as silver because it isn’t stamped. Bring it in to The Gold Standard to evaluate your jewelry’s worth.

More than Just Jewelry—your jewelry box isn’t the only place to look for platinum to sell. Have an old car? Many catalytic converters are made of platinum and can receive a hefty turn around price. It may even be worth more than the car! Platinum has many more uses, including fine wires, noncorrosive laboratory containers, and medical instruments, so keep a look out in your garage and yard sales.

Understand Value—knowing that platinum is easily mistakable but extremely valuable is the first step. Don’t assume jewelry is silver. If an item is questionable, get it appraised. When you are about to sell your platinum, check its market value and know your price before you come into The Gold Standard Jewelers of Long Island. We guarantee we will give you the best value for your platinum.

Don’t use that platinum card to cover your expenses any longer! Come in and sell platinum today!

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Sell Silver Coins

By Shea on October 4th, 2011

You may have seen a lot of advertisements for places that buy gold and diamonds, but not that many for locations where you can sell silver. However, businesses like The Gold Standard buy silver on a regular basis. This includes silver jewelry, bars and flatware, but also items that you may not immediately think of – silver coins.

From the Coinage Act of 1792 until 1965, the U.S. Mint used silver in a variety of coins in different proportions. Examples include, but aren’t limited to:

Dimes
- (1916 – 1945) Mercury Dimes – 90% Silver, 10% Copper
- (1946 – 1964) Roosevelt Dimes – 90% Silver, 10% Copper

Quarters
- (1916 – 1930) Standing Liberty Quarters – 90% Silver, 10% Copper
- (1932 – 1964) The Washington Silver Quarter – 90% Silver, 10% Copper

Half-Dollars
- (1948 – 1963) Franklin Half – varies
- (1964) Kennedy Silver Half-Dollar – 90% Silver, 10% Copper

Dollars
- (1878 – 1921) Morgan Dollars – 90% Silver, 10% Copper
- (1921 – 1935) Peace Dollars – 90% Silver, 10% Copper

As for dollars, one of rarest and most well-known coins in the world is the 1804 Silver Dollar. It is 90% silver and has the world record auction price for a coin – $4.14 million! Interestingly enough, none of these coins were actually made until 1834 and weren’t meant to be put into circulation. They were meant to be part of two coin sets that the United States gifted to the King of Siam (modern Thailand) and the Imam of Muscat (Coinfacts.com).

Whatever the specific coin may be, you can sell silver coins to The Gold Standard in denominations of dimes, quarters, half-dollars and dollars, as long as they are dated 1964 or earlier. Their worth may be assessed with different methods, but you can rest assured that you will get a great price for all of your silver items!

We also buy silver rings, silver watches, silver bars, and other assorted silver jewelry items! We’re the one stop shop for buying and selling silver in NY and across the country, so don’t delay – find out how much your secret silver fortune is worth today!

Image Courtesy Legend Numismatics

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Tags: Buy silver, Sell silver, sell silver coins, sell silver flatware, sell silver jewelry
Posted in Precious Metals Education, Selling Silver | 2 Comments »

Making Sure You Get the Best Price for Your Gold

By admin on September 9th, 2011

Selling precious metals and jewelry for cash is often harder than it sounds. Even though the TV and newspaper ads make it sound as if you can take anything made of gold, silver or platinum into a store and turn it into cash it is not that simple.

Many buyers including the national chains and the outfits that put on buying events at hotels will try to low ball you. Outfits like fast cash stores will offer you only the lowest price possible for your jewelry. Fortunately persons that live in places like Forest Hills have an excellent alternative. They can go to locally based family owned gold buying operations.

Some of these companies have been in the business for generations and they will give you the best price. In many cases they will be able to pay a substantially higher price because they have a direct line to the gold market. They may also be able to pay you the jewelry price which is actually higher than the price for just the gold.

Many of the national buying operations only buy precious metals by weight. That means they put the item on the scale and give you the price for the grade of gold they think you have. Another problem that you have is that those buyers will grade gold based purely on judgment. They might tell you it is 14 karat gold when it’s really 18 karat gold so they can pay a lower price.

You can avoid this and get more money from Gold by going to a company that specializes in buying. Such a firm employs expert buyers that know the grades of gold so it can offer you a better price. They can also come to you if you don’t want to take the risk of carrying gold around in the street.

You can call them and have the buyer meet you at your home or your safe deposit box so you can have the item evaluated there. They can also pay you through Pay Pal, check or Direct Deposit to your bank account so you don’t have to run the risk of carrying a large amount of cash around.

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Turning Gold Jewelry into Cash

By admin on August 29th, 2011

Many of us probably have gold jewelry that we do not wear lying around somewhere. Well it is very easy to turn that jewelry, including broken jewelry and partial pieces such as single ear rings into extra cash.

There are many reasons why we do not wear or use gold jewelry, it can be old, out of style, the wrong size, broken, damaged, tarnished or simply forgotten. Quite a few people inherit pieces from relatives that they never wear or use. Others may have bought it years ago but no longer wear it. There is no reason to keep it lying around the house or spend good money to store in a safe deposit box.

Professional buyers will purchase gold jewelry that is in any condition, including broken pieces and tarnished pieces. The price of gold is so high today that even broken and damaged jewelry is now worth money. They will also buy any other items that could be made of the precious metal.

If you do not if a piece is gold or not you can have a buyer look at it. He can tell you if the piece is actually gold and how much it will be worth. Something to remember is that if you sell gold Garden City you probably won’t get the price you see publicized in the media. Instead you will get a lower price because you will be selling lower karat gold. You could still get several hundred dollars for an old piece of jewelry.

This means that there is no reason to keep such jewelry in your house or in your safe deposit box. You can turn it into cash and use it pay bills, put some money in your savings account or have some fun. Selling gold is a great way to get money for kids’ school expenses or to put some extra cash in your savings for the winter heating season.

There is no reason to put your family at risk by keeping gold in your home. Nor do you have to take the risk of lugging your jewelry down the buyer. Many buyers will actually come to you, examine the items in the privacy of your home and pay you cash for them right there. That means nobody has to know that you’ve sold the items.

Now is the best time to sell that old jewelry in addition to gold, buyers are also paying good prices for diamonds, gemstones, old watches, silver, old coins, silverware, palladium and platinum. If you’re unsure about something take it to the buyer or call for a free appraisal today. The experts can tell what it is worth and better yet turn it into cash.

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Posted in cash for gold scams, Gold Parties, Gold stories, Precious Metals Education, Selling Gold, Uncategorized | 1 Comment »

Now is the Time to Sell Your Gold because the Gold Bubble is about to Burst

By admin on August 20th, 2011

Now is the time to sell your gold because the gold bubble is about to burst. The price of gold has reached record highs on the commodities exchanges in recent months over $1,800 for a troy ounce. This means that all gold prices including those charged by the local buyers for jewelry are up.

Unfortunately these high prices for gold will not last, the gold bull market like bull markets is going to end sooner or later and the price will come down. That means if you’ve been thinking of selling jewelry, coins or other items you should do it now. The price will come down and you’ll get less cash.

This is also a good time to check your house for gold items such as jewelry, watches, coins, medallions and bars. If you think something is made of gold you should take it to a buyer. It costs you nothing to have your gold examined by a pro and you could make several hundred dollars if it is real.

You can even have a professional come to your come and examine your items if you do not feel comfortable taking them out to a shop. Instead a buyer can examine the items and pay you for them.

Something to remember when you sell your gold in Syosset is that you probably will not get the high price you see in the newspaper. That is the price for an ounce of 24 karat gold or pure gold on the commodities exchange. Most jewelry and other items you have are probably lower karat gold which contains less of the purer metal. You will get a lower price but you should still be able to make quite a bit of money.

A buyer may pay several hundred dollars for an ounce of 18 karat gold. This means you could turn old jewelry, broken jewelry and other items into cash. It won’t make you rich but it could help you pay a few bills or finance a new trip to Florida.

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Gold Prices Sink Due to Rising World Issues

By admin on March 17th, 2011

Gold prices went down to the $1395.70 level per ounce which is $33 lower than its previous price. This downfall in price can be attributed to the news that has been circulating regarding world issues.

One of the main issues that have affected the price of gold is the nuclear catastrophe in Japan which gave a very good scare on the gold market. This is very unusual considering that when instability starts happening, it is always gold which is considered as safe haven for investors in the equity market. This outcome didn’t happen in the wake of the earthquake and tsunami news in Japan. In addition to this news the continuing crisis in the Middle East is doing its own contribution to the price downfall.

Gold is not the only metal that’s going down. The prices of other precious metals are also trading on the low due to world headlines. Also contributing to the downside is the fall of oil prices because a lot of investors are a little shaky about the oil demand coming from Japan after the tsunami and earthquake there. Japan is the third largest consumer of oil and inflation is tied to the price of oil. The fall in its price will really put a downward pressure on the price of gold.

The strength of the US dollar has also increased the profit taking rate in gold because there are a lot of investors that are affected about the news happening in Japan and in the Middle East At this point in time, investors are looking at the chance of gaining liquidity and are seeking ways and means to raise capital.

There are rumors that safe haven assets like gold will even fall further. Investors see gold to be under pressure now and during times of uncertainties people normally turn to liquidity and will find the gold market to be that source that will provide them with immediate cash.

What is a lot scarier is the fact that gold prices might start trading out of context with actual inflation numbers. In the past, gold prices have become steady at $1400 and although this amount is too high for it, current market trend might even pull the price of gold to $1150 per ounce.

Are these signs that gold price pullback will lead to a market downfall? Well, it’s still too early to tell. One thing is for sure, the condition of the world’s economy will all depend on how gold will trade not only in parties but also in the stock markets.

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Tags: gold, gold market, gold prices, oil, precious metals
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Titanium’s Value against Gold

By admin on February 23rd, 2011

A lot of people are wondering why titanium cost less as compared to gold. There are several people who put value on this metal but later on will find out that it doesn’t really cost that much.

Titanium and gold are two unlike types of metals that are composed of different elements, and no matter how you look at them from any point of view they differ a lot in value. They can never be priced in a similar way. Both have their own uniqueness that makes them different.

Titanium, in most cases does not have much value as compared to gold. White gold for example is often a notch higher than the price of titanium. This metal is generally used to make regular jewelry in the likeness of gold, silver and palladium. Titanium alloy, unlike gold, can be used as a custom jewelry in its basic form. Gold will need the help of other metals to remain firm and hard.

Even if we say that titanium is less expensive when compared against nine carats of white gold, it may cost more if we take into account the labor cost to create a piece of jewelry in titanium. It is more complicated, for it is harder than molding gold, but it is more affordable when we measure it up against the price of platinum and diamond.

Titanium is more resistant as compared to other metals, and is too light. It is also used for making prosthetics. Titanium rings will feel much lighter than an 18 carat gold ring. Also, it does not cause allergies. So people who have sensitive skin are advised to try titanium custom jewelries. Titanium can be configured in bright colors like purple and black, so it looks even more modern than its basic form. Finally, titanium can be easily bought in large quantities whereas gold will cost a fortune when bought in the same weight.

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Tags: diamond, gold, jewelry, silver, Titanium, white gold
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Inflation Signals Gold Selling Time

By admin on February 12th, 2011

There are moments in our lives where we stop and ask ourselves a question: “When is the best time for us to sell our gold?” There’s a neighbor across the street who recently announced that they’re sponsoring a gold party. That means we can come in as guests and enjoy the cocktails on the side. In addition to it, we can leave the place smiling, because we got a good price for the gold we have in our hands. The real question is… when is the best time to part with your gold? Are you getting a good price for it? Are you happy with the price they are giving you when you want to sell it? These are just some of the questions that come into our minds when we want to sell the old jewelries we keep in our possession.
Gold prices appreciate a lot. The gold necklace our grandparents bought for $25 years ago may cost more than $1,000 now, when you have them appraised. The amount of gold we keep in our possession defines how prepared we are in case an economic slump happens to us. Letting go of the gold we keep will increase our liquidity and allow us to regain purchasing power.
There are some people who don’t have so much gold in their possession. They may have treasury bonds which also define their liquidity as consumers. Gold and treasury bonds react inversely when economic condition changes. During times of inflation, the price of gold goes up and it’s a wonderful time to sell them and gain from its pricing. On the other hand, treasury bonds suffer when inflationary signs start showing up. So people with treasury bonds get stuck with their papers and they have to wait until the economy gets up and going before they can exchange them and get a good price.
In some cases, people don’t know what to look for to find out if it’s really the right time to sell gold. One thing that you have to remember, when you encounter financial newspapers showing up these words: low rates, big deficits, quantitative easing, these are signal words that point to inflation. They’re the right trigger words to sell our gold. On the other hand, when newspapers start using these terms, it’s time to look at selling your treasury bonds and keep your gold: sluggish credit growth, big output gaps and alike, signal improvements in the economy. These terms indicate a deflation.
So far, economic trends change from time to time. The economy may not look good for now but eventually, all things will change. When it happens, you might want to consider what investment you will keep for now. Is it gold or treasury bonds? You take your pick.
For sure, when you want to sell your gold and get a good price for it, Gold Standard makes sure that every seller gets 100% satisfaction from the price we offer. We always give 110% price guarantee in the gold you sell. You are sure to get the highest appraisal all the time compared to what others will offer.

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