Gold prices and Gold industry Predictions for 2015

DD Refinery Gold PredictionsThere is some thoughts that forecasting the price of gold isn’t all about predicting the market, but actually the idea of marketing the prediction itself. With that in mind, not every prediction should be taken too seriously. However, there are values that can be found in forecasting. The forecast of the market isn’t about the prediction of prices but more about an overview of the future situation that is mostly based on the ongoing and current trends.

However, it should still be noted that many forecasts and predictions completely rely on the source and data that was analyzed. A great deal of the time, these predictions and forecasts wind up being wrong. This is very dangerous due to it affecting how traders and investors react. Forecasts and predictions should only be used to get a quick general idea, but more research should be done before you make any decisions within the gold market.

There are many floating ideas on how the gold market will look in the year 2015. Roseland Capital’s Senior Economic Adviser, Jeffrey Nichols, predicts that gold investors will be having a good year. Although it may seem uncertain right now, he is confident that by this time next year, the price for gold will reach historic heights, and higher in the coming years. His estimation is due to a few points, monetary policy and U.S. economic performance. Wall Street has been booming in the stocks and bonds market, making it a tough competitor for gold, but it is speculated that this trend will slow down. With funds slowly drifting away from stock investments, that will only mean a flow towards gold.

Another positive prediction comes from Marc Faber, who predicts that gold will rise as high as $3,600 by 2018 and even up to over $7,000 by the time 2021 comes. This forecast is based on money supply and monetary base. Some analysis shows that the demand for gold is Asia is getting stronger, while the mining of gold supply is slowing down. This suggests that the demand for gold will be very high, with many western countries requesting for their gold that is stored in London and New York to be returned.

Not all predictions are positive, however. JP Morgan has recently revised their forecast on gold price to be 4% lower at $1,220 per ounce with lower inflation, higher US interest rates, reduced inflation expectation and a stronger US dollar effecting the outcome. Sources have shown that both the Asian and Western countries have been mostly missing from the gold market during the year 2014. Asian gold consumers have been reluctant to enter the scene with gold prices above $1,260.

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Buying Gold or Selling Gold – Which is Easier?
The Difference between Selling in Bulk and Selling Individually

Sell Scrap Gold For Top Cash

sell scrap gold nyScrap gold is essentially any form or type of gold that can be refined and recycled in order to put value back into them. This doesn’t mean that your scrap gold has no value. It was more expensive in the past when scrap gold refining had to be done manually by your local goldsmith, but that is no longer the case. Before you go about and selling your scrap gold however, there are a few things that you would want to consider in order to maximize your profit. Let’s have a look at some of the things that you should keep in mind when selling scrap gold.

Separate Scrap Gold by the Karat

If you are in the possession of old jewelry and other types of gold, it would be best to separate and organize them by their karat in order to get the most accurate estimate on its value. This will allow you to remove the jewelry that may not be gold but still hold its own high value, such as silver, platinum, and other precious metals or materials. If you’re unable to distinguish its karat weight, using a magnifying glass or bringing them in to get tested by a gold dealer will be helpful. Having a chemical test on your scrap gold can allow you to find out if it is actually gold or if it is only plated in gold.

If any of your gold in your possession was created before 1980, it’s going to be slightly below the current market value. The reason behind this is because the laws on grading karats have changed since then. A gold possession valued at 18k before 1980 will most likely be around the 17k to 17.5k range.

Separate Your Gold Coins From Your Other Gold

Gold coins have a slightly different value system that may give it a higher value than typical gold. Some of the variables that determine its value is its rarity, condition, and age. Because of this, you should separate your scrap gold from the rest of your valuables. Bringing your gold coins to a coin dealer is your best option.

Helpful Tips for Selling Scrap Gold

Many gold buyers and pawn shops will value the scrap gold that they buy from a range of 30% to 60% of its actual value. This is to help them make a profit from the costs that it takes for them to refine the gold and sell it again. With that in mind, you’ll want to visit a handful of pawn shops and getting quotes from every one of them. With those quotes, you’ll be able to decide who is offering you a fair price before selling your scrap gold. If you have yet to find a fair price, you can always find a gold refinery service like Diamond District Refinery who will provide high value for your gold whether you sell your scrap gold to them in person or online.

Another important tip is removing and precious stones or diamonds that may be on your jewelry. These gems carry a high value on their own and can be sold separately.

Selling Your Gold in the Diamond District of New York

Selling Your Gold in the Diamond District of New YorkInstead of opting to sell your gold to a jewelry store such as Tiffany’s, it might be a better idea to swing by the Diamond District in New York City. The main reason for doing so is that the Diamond District truly is an area of options and choices. With a little bit of research and knowledge under your belt, you’ll be able to find the best prices for selling your gold in New York. For the most part, you’ll be able to find the best prices in the Diamond District as opposed to selling to a luxury retailer.

 

It’s very hard finding a larger collection of gold than the collection found on the streets of the Diamond District area, as well as finding the best deals for buying or selling. Unfortunately, not everyone has the time to do the proper research to be able to discover those deals. However, for those that do, it is very likely you’ll be able to find the best prices you wouldn’t be able to discover anywhere else.

 

Just by walking down the streets of the Diamond District, you’ll be bombarded by options and choices from the wealth of gold buyers and dealers on the block. It’s for this reason that it’s not a good idea to settle with the first gold dealer that you stumble upon. You’ll want to take your gold and have it appraised by a few gold buyers, this will allow you to spot who is offering the best deals. Once you’ve done some research and have had your gold evaluated by a few different venues, you’ll be able to choose who offered you the best price for your gold. So for those who have the time, selling your gold in NYC’s Diamond District is the best option for you for finding the best deals. This is the reason why the Diamond District is so well known.

 

sell gold nySelling your gold in New York, or perhaps other precious jewelry, has always been a common practice in the past, and has become more acceptable over the years. However, if you have never done so in the past, it is very important to learn the steps and procedures that go through this process or else you may not be getting the best value out of your gold.

 

Having a connection with someone in the business is always the best way to make the most out of your gold. If you have had a family member or friend who has sold their gold in the past, it’s a good idea to try and get some tips from them to help you through the process. Any extra knowledge you have can only help you in finding the best route for you to take when selling gold in New York.

 

Strangers, however, are naturally treated differently than familiar faces. So knowing people and maintaining a good relationship is always beneficial for both parties. If you don’t know anyone who is involved in the business and don’t want to go through with spending time searching for your best options, you can always decide to sell your gold online. Diamond District Refinery offers their services online, and having a refinery on location allows them to cut out the middle man and pass on their savings towards your wallet.

Sell Your Gold For Cash This Holiday Season

With the holiday season coming fast, you can expect a lot of holiday shopping from this point onward. By selling your gold to Diamond District Refinery, you’ll have the cash you need to buy the gifts before the holiday season comes to an end! You can sell your gold, silver and other precious metals to us to earn top cash payouts. It doesn’t matter if you’re selling scrap gold, broken gold or even old gold jewelry that you have collecting dust in your drawers, bring them in to us today to earn cash for your gold!

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Rolex Watches – Why We Love Them

Rolex Watches

Precision and charm makes up any Rolex brand watch that you wear. A sterling combo of stunning beauty and excellence is the real reason why Rolex watches are always something special. It is the reason the Rolex brand watches commands a higher price in the market as well. Treasured possessions like the Rolex watches are a showcase of dignity and pride for the person that is wearing it. Properly maintained Rolex watches can look ever new. Such is the quality of the materials out of what these products are made by the makers. It is possible to remove the scratches that are formed in the bracelets of your branded Rolex wear.

You need to give it to the authentic Rolex service center to get it polished at least once in a couple of months to get that new luster back again. The frequency can vary based upon the usage. If you are not wearing it regularly on a daily basis, then you can polish it occasionally too. Yet, maintenance should be done in the best possible manner to preserve the Rolex well.

When Rolex is in regular use, the lubricants are in constant flow to make it smoother in its operation as a whole. Regular winding is to be done to make sure that the lubricants are not getting hardened to cause friction in the moving parts or the internal gears. Weekly once if you wind it, then you need not have to use it daily to maintain smoother operation of the internal parts. Long lasting life is one of the special attributes of the Rolex watches at any given day.

The purpose that the Watches serve is not what we wear them for in the modern times. It is completely changed now. If you are to find time it is just right there already in your desktop or laptop or smartphone screen. You need not have to strain and look at your wrists to get to know the current time. So what we wear these branded watches of the high end kind and the limited edition models for? Obviously it is just for the same reason why we wear some jewels to ornate ourselves. Is it going to add on to the decorum? Surely it does, when you are to wear some of the exclusive best designs of the unique kind made by the top manufacturers across the globe. Rolex certainly is one such brand that the world knows since way long time now.

The number of quality designs, styles and patterns that have come and gone in the Rolex brand in the past is not something that is to be forgotten that easily. Some of the top notch standards of limited edition models of Rolex watches are resold for way higher prices in the auctions conducted during several events held across the globe. So, what prompts people to go ahead and buy such commodities that serve least purposes as a matter of fact, for very high prices? There are so many reasons for that. First of all, it is nothing but a matter of dignity and prestige.

Sell Scrap Gold in NYC and Earn Cash!

sell scrap gold new yorkIt won’t matter where you’ll be looking, chances are you’ll be hearing or seeing gold whether it’s your phone, fashion, or jewelry. Over the past few years, the market price on gold has witnessed some record breaking numbers. However, the prices in the gold market are constantly fluctuating, and is currently seeing some slower progress. Although gold is still a good investment, everybody isn’t in the position to heavily invest in gold.

Even if you don’t have the money to invest in gold at a bulk level, there are many options that you can pursue in selling scrap gold. One example would be the gold that was used on your teeth. Dental gold that is found on teeth can be sold to gold dealers due to them stilling holding value. The scrap gold on your jewelry is also a great way to earn some cash, as opposed to letting it sit in your drawer and collect some dust.

selling scrap goldUnfortunately, not every gold buyer in the industry is offering fair deals or follow through with their word. There are many gold buyers out there who are not honest. Many gold buying websites that you find online may actually just be a local pawn shop that happen to own a website. Keeping that in mind, it’s best to discover gold buyers and dealers who are honest and professional. When dealing with an online gold buyer, knowing that they provided fully insured envelopes is important in providing you with the confidence to go through with the transaction without any worries. Another crucial detail to look out for is recognizing if they have a trustworthy and professional appraiser on their staff in order to provide you with an honest value on your scrap gold.

If you’re interested in selling your scrap gold to earn some cash, there are great places you can visit that will let you do just that. As long as you have your scrap gold on you, all you have to consider from there is finding a trustworthy gold buyer. If you don’t have the time to travel around to sell your scrap gold, you can always search for gold buying services online that will provide you a fully secure and insured envelope to send your valuables in. Once your scrap gold has been received, you’re valuables will be appraised and an offer will be sent your way soon after. If the offer that the online gold buying service satisfies you, they’ll send you a payment right away.

If you’re still interested in selling your unused gold to earn some cash, a great way to do that is selling your scrap gold in New York. With so many gold buyers, however, it’s important that you find someone you can trust. A trustworthy gold buyer is more likely to be committed to providing you with top offers while keeping the entire transaction safe and secure.

iPhone 6 is Here, Turn Your Old iPhones Into Quick Cash

sell iphone 5Apple has recently launched two of their new iPhones, the 4.7-inch iPhone 6 as well as the 5.5-inch iPhone 6 Plus. The new phones come with a larger “Retina HD Display,” sporting a new iPad stylized design that includes a thin body with rounded corners. The new iPhones pack a faster processor, better camera, as well as including Apple Pay, a new payment system.

The new phones coming from apple will be available for purchase in gold, silver, and space gray. The storage for the new iPhones will be available in 16, 64, and 128 GB models. Purchasing the iPhone 6 with a contract will cost $199 while the iPhone 6 Plus will start at $299.

If you’re going to purchase the new iPhone, this leaves the question of what you plan to do with your old iPhone or other smart phone. There are better options around for you to consider rather than allow your old phone to gather dust or to be thrown away. Many technology available today have a worthwhile amount of gold, silver, and other precious metals used to produce them. By recycling your unused electronics and cell phones, you’ll give yourself the perfect opportunity to earn a little extra cash to help you purchase the new iPhone 6!

A fairly new trend that is happening is called Urban Mining. This trend involves scavenging scrap metals that are found in electronics, old or new. Many of these electronics are made with precious metals like gold and iridium, making urban mining a growing industry around the world.

Many of these precious materials that are recovered from these used electronics can be recycled for reuse in manufacturing new electronics. Another option is refining the scrap metals found in these electronics to be turned into ingots which can be sold. Some manufacturers can decide to buy these gold or other precious metal ingots back to be used in creating the circuit boards that are used in electronic devices. Gold has very useful properties when it comes to conducting electricity, more efficiently than other precious metals available. Jewelers and investors are also interested in purchasing these precious metal ingots due to their many uses. Whether there is minor or precious metals used in your electronics, recycling is a fantastic habit to start up.

Yokohama Metal Co Ltd has produced a study which shows that a tonne of gold ore produced by mines will only contain around 5 grams of gold. Mobile phones and electronics on the other hand can be mined for up to 150 grams of gold. With that in mind, it’s easy to understand why recycling old electronics can become a very profitable business. On top of gold being recovered from old electronics, other precious metals such as silver and copper can be recovered as well.

Recycling old electronics and selling the scrap gold found in them makes a lot more sense for certain countries. Japan, for example, have very limited natural resourced to be used for their industry in electronics. In order to make up for this, they are more heavily reliant on recycling their old technology that no longer has any relevance.

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How to Sell Dental Gold in NYC
Getting Rid of Old Jewelry? Sell Them For Cash to DD Refinery in NYC

Tips for Selling Gold in NYC

It’s good to know some simple and effective strategies before dealing in gold. After all, you’re not going to want to sell your gold for lower prices and be robbed of the true value your gold pieces are worth. In order to make the most out of selling gold in New York City, it’s best to follow the market price trends before settling with any decisions. Here are a few gold selling tips that will help you find the best possible prices when selling gold in New York.

sell gold nyc

 
Separate Your Gold by Karat

It’s best to separate all your jewelry by karat weight before going about selling. If you don’t separate your gold by karat, there’s a possibility that your buyer will weight all of your gold pieces together based on the lowest karat weight, which will greatly affect the final offer you will receive. If that is the case, the result would mean less cash for your valuables, so make sure that all of your gold is separated accordingly.

Look Into Buyer Reputation

Before you decide to sell your gold in New York City, it’s best to have a clear understanding of the establishment’s reputation and level of trust. With that in mind, checking with the Better Business Bureau will allow you to know if they have high ratings. You’re not going to want to begin a deal with a buyer who is out to cheat you and offer you less than what your gold deserves.

Document Everything

Before you settle down with the sale, you should make sure that everything has been written down or fully documented so that you have proof of the sale. This step is crucial in case you later discover problems down the road. Having signed documents will give you the verification of sale needed to help prove your case. Otherwise, proving any case of fraud would be incredibly hard to pull if no documents or proof is in your hands.

Sell Any Type of Gold

If you didn’t already know, gold dealers are typically willing to buy any kind of gold there is. Gold such as broken jewelry, gold watches, gold fillings, and even items that are not 100% pure. Even gold items that are mixed with other precious metals may turn in some decent cash. The weight of your gold will generally determine the amount of money you’ll be offered. However, watch out for dealers who weigh their gold by the pennyweight instead of quoting you by grams.

Know Your Gold’s Worth!

Whether you’re in the gold buying and selling business or not, it’s good to know a few basic tricks before selling your gold in New York. Knowing the true value of your own gold jewelry will be very useful. Look for at least 3-5 different sources to quote the value of your gold before deciding on sell. You shouldn’t settle with a lower price than what your gold is truly worth. If your gold jewelry has diamonds or other precious stones in them, you should remove them since they are also valuable on their own.

Gold Plating in 6 Simple Steps

An easy way to add that sleek new shine to your old and faded gold accessories is through gold plating. With the use of a kit, the gold plating process is won’t take much of your time with its relative simplicity. You’ll be able to complete several pieces in a single day. Take a look at our guide, simplified into 6 short steps.

gold plating

 

Step 1 – Purchase a gold plating kit from a plating manufacturer or a jeweler according to your needs, costs, and level of experience.

  • Before your choose a kit, look into its process through reading product reviews and articles, or visit a jeweler in order to discuss the process behind it.
  • Gold plating kits can come to include solutions for 24-karat, 18-karat, or 14-karat gold.
  • The color of your plating process may also vary when different metallic alloys, such as silver or copper, are added to the mix.
  • A typical gold plating kit will come with a liquid gold solution, as well as an electrical supply linked with a plating brush or wand that helps direct the gold bonding.

Step 2 – Choose which item you plan to use your gold plating kit on, such as pieces of jewelry, car emblems, clock parts, or any other metal valuables.

  • The majority of gold plated jewelry is done with silver as its base, but other metals like aluminum or copper can also be gold plated.
  • Gold and silver have a tendency of diffusing into each other. What this means is that over time, the plated piece may become tarnished or dull looking as the gold plating begins to wear.
  • Choosing to layer with copper will allow for a longer-lasting sheen due to it not being as reactive as gold.

Step 3 – Make sure the surface of your item that is being gold plated is clean before starting on the bonding process.

  • Put on cotton gloves in order to avoid leaving any oils from your skin or other deposits on to the item.
  • Some gold plating kids come with a cleaning solution, alternatively, you can manually buff the piece yourself by using a buffing tool.
  • Your item’s surface should ideally be completely smooth.

Step 4 – You can test your items cleanliness by dipping it into distilled water and observing how the water moves off the surface as you remove your piece from the water.

  • If the water isn’t forming small droplets or beading and slides off smoothly, your item is clean.

Step 5 – Follow the directions including in your gold plating kit to plate your buffed and clean item.

  • Your item will then be placed within an acid solution, which is then charged from the gold plating kit’s power source with low voltage electricity.
  • The gold particles will be bonded to the item with the help of the electrical current.

Step 6 – Once the gold has adhered to your piece, now is the time to rinse it under some running water.

  • The drying time will be minimal.
  • The gold plating on your piece will become hard and dried out almost immediately.

Related Articles:
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Recycling & Selling Scrap Gold from Old Phones & Electronics

 

The 3 Essential Steps for Selling Gold in New York

Buying gold or silver can be a much more complicated process than selling. You may run into some emotional stress over the complications of trying to sell your gold in NYC, which is why we’ve put together three simple steps for how to sell your gold.

There are three things to be on a look out for in a gold buyer when it comes to selling gold for cash: honesty, sincerity, and integrity. By looking out for these three attributes, you’ll be able to weed out most of the competition in New York’s Diamond District. By doing this, you’ll be able to find the gold buyer who is committed to providing you with the fastest and easiest service while also offering you the best price for your gold valuables.

selling your gold in new york
 
Selling Gold – The 3 Essential Steps

Step 1 – Bring in Your Gold in any form or condition

Whether your gold is broken, mismatched, unwanted, or simply out of fashion, it doesn’t mean that your gold has lost any value. You can bring your gold or precious metals to a local jeweler or gold buyer to have it appraised for you on the spot.

Step 2 – Appraisal & Evaluation & Cash Offer

You’ll be able to test your gold or other precious materials, have it weighed, and evaluated for its weight and karat at any jeweler or local gold buyer. Prices are often based on the current fixed prices of gold. If you find an ideal gold buyer, you’ll be able to expect up to 99% of your gold’s market value. Make sure you find a gold buyer with 100% customer satisfaction and experience in the gold refining and gold buying business, this way you’ll have a peace of mind knowing you were offered a fair deal.

Step 3 – Payment Options

sell your gold nycOnce the karat and weight of your gold has been evaluated, your gold buyer should be able to provide you with a cash offer right then and there. Once the transaction is complete, we encourage that you share your customer experience with the gold buyer by writing an unbiased review to let others know of their quality of service.

Visiting your local jeweler or gold buyer isn’t the only option when it comes to selling gold for cash. Many gold buyers provide their services online. Many dealers such as Gold Buyers New York City offer a Free Gold Kit that provide you with a secure and fully insured FedEx envelope for you to ship in your gold to have it appraised free of charge. They’ll than give you a high cash offer for your gold valuables. If their offer satisfies you, they’ll send you a payment immediately. In the chance that you aren’t satisfied with their offer, they’ll return your items for no extra cost and no strings attached.

Selling Gold Online – Without Ever Leaving The Comfort of Your Home

Visiting your local jeweler or gold buyer isn’t the only option when it comes to selling gold for cash. Many gold buyers provide their services online. Many dealers such as Gold Buyers New York City offer a Free Gold Kit that provide you with a secure and fully insured FedEx envelope for you to ship in your gold to have it appraised free of charge. They’ll than give you a high cash offer for your gold valuables. If their offer satisfies you, they’ll send you a payment immediately. In the chance that you aren’t satisfied with their offer, they’ll return your items for no extra cost and no strings attached.

What Types of Gold or Gold items Can Be Sold for Cash?

Gold comes in all shapes and sizes. Let’s take a look at some of the types of gold that you’ll be able to sell.

  • Gold Jewelry – You can earn top cash for your designer jewelry.
  • Gold Watch – Your luxury gold watch can be worth a lot more than you may think.
  • Gold Coins – Gold coins can be sold for high cash payouts for their historical value.
  • Gold Teeth – The gold fillings in your teeth are perfect to sell to earn quick cash.
  • Gold Earrings – If you’re an earring, it doesn’t mean the one you still have isn’t valuable.
  • Gold Chains – You may no longer find your gold chains in fashion, so it would be perfect to sell.
  • Gold Rings – If you’re old gold ring no longer fits your tastes, it’s time to sell it to buy a new one.
  • Unwanted Gold – If your gold is collecting dust or is broken, now’s the time to sell it for some cash.
  • Gold Bars – Gold bars are great investments, especially when you sell them at the right time.