If you take inflation into account, gold is cheaper than in the 80s.
For me gold is a save haven. the USD is falling and that's why gold is so high.
I converted my savings into gold bullion coins this year. And if I decided to sell it, I'd buy Euros with it not Dollars.
Mar. 24 2008 10:21 AM
Score: 0/0
Natasha
from Brooklyn
As a jeweler, I can attest that this market has been quite tough for us. So, here is my personal recommendation. Find a jeweler that specializes in handmade work and either have them give credit for the scrap value, or in some cases, the actual gold in the jewelry can be remelted and fabricated into the a new piece. It's a chance to get some new jewelry, helps sustain craftspeople in your local area, and recycling the gold is good for the planet.
On another note, because of the high prices, I have heard that some of the scrap dealers on the street have stopped buying small quatities of gold because of the deluge of people trying to sell their gold.
Finally, silver and platinum are very high right now too. I would be in a big hurry to scrap any unworn platinum jewelry right now.
Mar. 24 2008 10:20 AM
Score: 0/0
ads
In some countries only gold will buy real estate....in other ones grave robbers are modern day gold miners, seeking fillings relatives missed...
Mar. 24 2008 10:20 AM
Score: 0/0
Michael
from Park Slope
Before everyone melts down the "family jewels," people should note that at $1,000 per ounce, gold today is cheap. On an inflation-adjusted basis, going back to 1980, the spot price of gold should today should be about $2,500 per ounce to have the same purchasing power it had about 30 years ago.
Mar. 24 2008 10:17 AM
Score: 0/0
Sabrina
from NYC
Any tips on selling dental gold? There is porcelain attached to some pieces. Thank you!
Mar. 24 2008 10:14 AM
Score: 0/0
jane
from hudson valley, NY
Hi, I sold some pieces of gold on Friday. Felt good to get a few dollars for things I never wear! This is the 3rd time I did this. Once on the 1980's and once last year. Jane
Mar. 24 2008 10:12 AM
Score: 0/0
Paulo
from Paterson, New Jersey
Get that gold turned into euros...
Mar. 24 2008 10:09 AM
Score: 0/0
Robert
from NYC
What, turning her gold into the lowest dollar in decades! Sounds dumb to me.
Mar. 24 2008 09:56 AM
Score: 0/0
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Comments [8]
If you take inflation into account, gold is cheaper than in the 80s.
For me gold is a save haven. the USD is falling and that's why gold is so high.
I converted my savings into gold bullion coins this year. And if I decided to sell it, I'd buy Euros with it not Dollars.
As a jeweler, I can attest that this market has been quite tough for us. So, here is my personal recommendation. Find a jeweler that specializes in handmade work and either have them give credit for the scrap value, or in some cases, the actual gold in the jewelry can be remelted and fabricated into the a new piece. It's a chance to get some new jewelry, helps sustain craftspeople in your local area, and recycling the gold is good for the planet.
On another note, because of the high prices, I have heard that some of the scrap dealers on the street have stopped buying small quatities of gold because of the deluge of people trying to sell their gold.
Finally, silver and platinum are very high right now too. I would be in a big hurry to scrap any unworn platinum jewelry right now.
In some countries only gold will buy real estate....in other ones grave robbers are modern day gold miners, seeking fillings relatives missed...
Before everyone melts down the "family jewels," people should note that at $1,000 per ounce, gold today is cheap. On an inflation-adjusted basis, going back to 1980, the spot price of gold should today should be about $2,500 per ounce to have the same purchasing power it had about 30 years ago.
Any tips on selling dental gold? There is porcelain attached to some pieces. Thank you!
Hi, I sold some pieces of gold on Friday.
Felt good to get a few dollars for things I never wear!
This is the 3rd time I did this.
Once on the 1980's and once last year.
Jane
Get that gold turned into euros...
What, turning her gold into the lowest dollar in decades! Sounds dumb to me.
Leave a Comment
Register for your own account so you can vote on comments, save your favorites, and more. Learn more.
Please stay on topic, be civil, and be brief.
Email addresses are never displayed, but they are required to confirm your comments. Names are displayed with all comments. We reserve the right to edit any comments posted on this site. Please read the Comment Guidelines before posting. By leaving a comment, you agree to New York Public Radio's Privacy Policy and Terms Of Use.