gold prices in August saw a significant advancement although the precious metal continues to fluctuate amid the weak U.S. dollar. Silver, though, continues to increase significantly with an 18 percent gain since close on Aug. 6.
So what does that mean for people who have gold jewelry and want to make money?
It could be the time to sell. If you have gold or silver jewelry, coins or bullion, it may make sense to capitalize on a strong market.
“A stronger economy should give silver an added boost,” according to
And gold isn’t too far behind either. Although silver prices are a worthwhile mention, even gold has seen gains at about 7 percent over the same time.
“The continued weakness in dollar is making gold look attractive,” Frank Lesh, a trader at FuturePath Trading in Chicago, told
“Also, there is some buying in anticipation of a rise in retail Chinese demand as the economy improves.”
SELLING GOLD OR SILVER JEWELRY IN LA JOLLA
If you’re like most people, extra money is always welcomed because, after all, who can’t use more cash? One of the quickest ways to get money is by selling your unwanted gold and silver jewelry. With the rate of gold and silver prices, it may be the ideal time to sell while capitalizing on current market trends.