Raymond Lee Jewelers will be keeping you up to date on the current buy sell gold and the gold market in general, which as I type this is still rising. This Thursday (September 16th) gold prices hit $1,273 per-ounce and according to some analysts it may rise or even top $1,300 an ounce. The most-actively traded gold contract, for December delivery, rose $3.70, or 0.3%, to settle at a record $1,277.50 a troy ounce on the Comex division of the New York Mercantile Exchange.
This rise in prices of gold can be attributed to the slow U.S. job growth and other less than satisfactory economic indicators. As the economy slowly recovers from the global recession the U.S. government is hoping to speed things up with a new round of stimulating asset purchases. These purchases in turn worry investors who feel that the dollar may be weakened by these actions and turn to gold as an inflation hedge.
Europe has played a part in the rise of gold as well as the euro has fallen on reports that some countries may need drastic loans, such as Ireland. Due to the fact that gold is not linked to economic cycles as closely as copper or oil, it is thought to be a safer asset.
Raymond Lee Jewelers hopes you will choose us when you decide to sell your gold. We offer the highest prices paid for your gold. The surrounding community has entrusted us with their gold since 1983. If you are located in the South Florida area and have gold to sell, feel free to stop into our Boca Raton location or make an appointment with one of our buyers at our Boynton location to sell gold. We will carefully evaluate your gold items, make you an offer and we will pay you on the spot. If you do not wish to gold sell, there is no further obligation.
-Carlos at Raymond Lee Jewelers
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