Central Avenue, 11th Floor, Phoenix, AZ 85012.While many other gold buyers pay just 25% of the value of gold, Express Gold Cash pays up to 90% of the value of gold bars and up to 85% of the refined value of gold jewelry. And since interest rates, inflation and exchange rates are constantly changing, it makes sense that gold prices should, too. While the gold standard, according to which the standard economic unit (the dollar for us here in the U.S. In the US) is based on a fixed amount of gold, it has been abandoned for quite some time, many countries still maintain large gold reserves.
Just because countries have abandoned the use of the gold standard does not mean that gold is valued less. In fact, you can always check what we're paying so you can estimate the payment you'll receive for your gold even before you send us the gold. With prices reaching this all-time high, now may be a great opportunity to sell broken, used and underappreciated gold that is gathering dust. However, you will notice on the chart that, after the year 2000, the price of gold has started an upward trend again.
There are other notable records of the price of gold that are worth mentioning when analyzing specific physical pieces of gold. Lower interest rates and higher inflation tend to make gold more expensive, and any weakness in the U.S. dollar will also cause the price of gold to rise. Even if they prefer to buy platinum coins or silver ingots, San Diego precious metal collectors might be interested in these interesting facts related to gold prices.
Whether it's 10-carat gold (often found in jewelry) or 24-karat gold (usually coins and ingots intended for investment) or anything in between, Express Gold Cash buys it all. According to Gold Investing News, the 21st century, in general, has been a time of notable increases in the price of gold. According to the Guinness World Records, the world's most valuable piece of single gold in the form of an ingot is the largest pure gold bar ever made. Gold as a precious metal is still as valuable as it ever was, and its prices are affected by factors such as central bank decisions on interest rates and inflation, and even the exchange rate.
While they used it to create the world's first gold jewelry, gold is now available in many other equally valuable and prized forms. Interactive chart of historical data on the real (inflation-adjusted) prices of gold per ounce since 1915.