As the price of gold broke the pivotal $1,400 psychological barrier on Monday, the market is primed to move into bull-market territory for the first time in months. The precious metal is up about 19% from June, and it need only reach 20% to enter the bull market.
Characterized by confidence in the market and increased investing, a bull market would reflect positively on the gold recycling industry as well. There is a positive correlation between the market price of gold and the prevalence of its recycling, meaning that recycling increases as its price does. And Andrew Su, CEO of Compass Global Markets, predicts that gold’s price will “continue to rise quite strongly over the next couple of months.”
Cash in on High Prices
As the price of gold is as high as it has been in months, now is the perfect time to cash in on the gold jewelry, coins, and watches that you have been waiting to sell. At Cash for Gold USA, our prices are based on the current market price of gold, and we guarantee to pay more than the competition. And if the price goes up within 30 days of when your check was written, we will even send you another check to make up the difference. Because we cover all costs associated with shipping and insuring your package, you have nothing to lose and everything to gain.
Visit CashforGoldUSA.com to find out how easy it really is to turn your old and unwanted gold into cash today.
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