Antique Shop News

Fort Myers, FL

Antique Shop News

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Fort Myers, FL

by: Sal Lanzieri

Judy's Jewelry Antique and Estate Jewelry

(239) 481-9600

Fort Myers, FL – 2021 A Great Time to Sell Your Gold Jewelry | Antique Dealer

The Amazing Value of Gold

Why 2021 is a great time to sell the gold jewelry you never wear

Gold is an investment opportunity not all that different from the stock market. Sometimes, the price of gold is up. Other times, the price goes down. On August 22, 2011, gold prices hit an all time hight of $1,917.90 per Troy ounce—a metric used in the weighing and measuring of precious metals. In the years following, from 2014 until early 2019 gold prices stayed significantly lower but that trend has changed. As of November 19, 2020, the price of gold was $1874.59 per Troy ounce according to GoldPrice.org. With gold being on its upswing, this is the opportune time to do one thing: SELL! In this article Sal, our Southwest Florida jewelry expert at Judy’s Jewelry will explain why this is a great time to sell your gold.

Gold Price Predictions

If gold prices are rising right now, then why should you start selling? Why not wait to see how high the price goes? We know that selling now might seem counterintuitive, but remember gold is an investment. Capitalizing on any investment means knowing when you can get out ahead. You know… buy low, sell high? Whether you’re investing in gold, stocks, real estate, or even collectibles, the same rule applies—you want to sell the investment for more than you purchased it. Since 2011, gold prices have not been as high as they are right now and, statistically speaking, the price of gold won’t stay this way. In fact, according to Fitch Solutions, a company that does data, research and analytics on capital markets, the average price of gold in 2020 and 2021 is expected to keep rising and then fall significantly, dipping to $1,700 per Troy ounce in 2022 and $1,620 per Troy ounce by 2024. This prediction is based in part on the likelihood that mining will increase in 2023 and 2024, leading to lower prices for a significant time.

Influences on Gold Pricing

There’s certain things you just don’t see very often nowadays: people digging gold ingots up from a marked location on their land, prospectors mining gold out of a stream in the American west, or walking into a business and paying a bill with gold nuggets. What is common, however, is seeing the price of gold rise during times of financial uncertainty—such as what has gone on thus far during 2020. Whenever the value of the U.S. dollar is stressed, the price of gold rises. With the COVID-19 pandemic still wreaking havoc in many nations across the globe, the price of gold is still rising. As the pandemic wanes, and steady income becomes a regularity again for more people who are not experiencing disruptions in their employment situation, then the price of gold will sink into a more traditional price range. 

In addition to the basic economic principles of supply and demand, gold prices are influenced by the following three factors:

  1. Inflation rates 
  2. Interest rates 
  3. Changes in currency value

Timing matters in the gold market. 

Did you know that the price of gold also tends to fluctuate depending on what month of the year it is? For example, looking back on the past 45 years of the gold market, the average price of gold in March dips by more than 1% —making it a boon time of year for buyers. By contrast, in January, gold prices since 1975 go up by almost 1.9%. Extrapolating out further, the second quarter of the year (April through June) has been shown to be the weakest for gold prices since 1975—and thus, the best time to buy and worst time to sell.

What to Know About Selling Your Gold

Even if you have decided that now is the right time to sell your gold (and trust us, it is), you may want to know what’s the best way to go about selling. At Judy’s Jewelry, we deal with hundreds of individuals who are looking to sell their gold merchandise, and most of them turn to the Internet. It sounds great, in theory. Through eBay, Etsy and similar websites, companies offer great opportunities for gold sellers. However, there are also lurking dangers in using these sites, such as the dangers of shipping losses, fraudulent returns, underpriced sales, and the percentage losses to online markets. Those aren’t the only considerations either. Before listing any gold for sale—be it jewelry, coins, or even gold bars—you should have your items properly appraised by a professional. This is the only way to determine the current fair market value for your gold. This appraisal also will validate your gold, which is crucial, as many buyers will want testing and certification done by an expert to prove the gold’s credibility. 

Navigating the Gold Market in Southwest Florida 

At Judy’s Jewelry Antique and Estate Jewelry, you can trust that your gold investment will not go to waste. We remove the hassle that can come with buying and selling gold online. When you visit our location at 12710 McGregor Blvd. in beautiful Fort Myers, Florida, you’ll enjoy a complete, professional experience. We offer our clients testing, examination, appraisal, and make a fair offer on your gold. We can help you liquidate that investment and make a profit and send you out of our store with cash in hand that very day. That’s why our small business in Fort Myers has been providing the most pleasurable experience possible for our clients for the last 30 years. You don’t have to risk your profits online or go through some risky “we buy gold” fly-by-night business. Let the professionals at Judy’s Jewelry help you liquidate your gold investment with ease and confidence. 

Remember, gold is an investment. Let the professionals at Judy’s Jewelry Antique and Estate Jewelry help you get the most value for your gold. We are one of Southwest Florida’s largest antique and vintage jewelry buyers. The jewelry we buy includes antique, vintage, and costume jewelry, gold, silver, diamonds, coins, and other precious metals. We also buy military and historical artifacts, antique, oil paintings, marble statues, vintage and antique toys, select antique furniture, jade, porcelain, unique collectibles, and more. Contact Sal at Judy’s Jewelry today and schedule an appointment to bring in your items for an appraisal. You can reach us by phone at (239) 481-9600 or visit our website at https://judysjewelry-fortmyers.com/

 

Recent

“Best Antique Shop in Fort Myers, FL”

Top Rated Local Antique Store / Mall / Dealers / Warehouse

Lee County: Fort Myers, Naples, Bonita Springs, Estero, Cape Coral, FL

Recent

“Best Antique Shop in Fort Myers, FL”

Top Rated Local Antique Store / Mall / Dealers / Warehouse

Lee County: Fort Myers, Naples, Bonita Springs, Estero, Cape Coral, FL

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