Why are gold prices going through the roof?
The record-breaking gold boom has prompted many Americans to sell their used, unwanted or broken gold jewelry in exchange for the highest payouts in our industry. The gold market is the highest it’s been in over thirty years!
Why is gold at an all-time high? There are many factors to take into consideration in order to understand the conditions that affect the value of gold on the open market. Here are a few things that have resulted in the recent record high gold prices:
Our Economic Crisis — When the dollar weakens, the price of gold goes up. In our current crisis, based on debt and the real estate bubble, it went up even more to achieve new highs.
Gold & Oil Prices Are Connected — Oil producers often buy gold to diversify their portfolios. Because oil producers have had increased earnings, they have more money to buy gold. This increases the demand for gold and, in turn, results in an increase in the market price of gold.
The Recent Decline in Gold Production — There has recently been a decline in gold production. This resulted in a decreased supply without a corresponding decrease in demand. Therefore, we have the same demand for gold with a smaller available supply, hence an increase in gold’s value.
Now is the best possible time to sell your gold jewelry to Cash for Gold USA. Our “1-2-3 Easy Steps” formula makes it very simple for Americans in all 50 states and Canadians too, to get quick cash for their gold, silver, platinum precious metal materials. This is especially convenient for people living in rural areas with few if any nearby buyers.
It is time to get rid of your gold for extra cash and Cash for Gold USA makes it safe, secure and easy.