Driving The Price of Gold

Driving The Price of GoldIt’s an interesting time for gold in this volatile economy. At Johantgen Jewelers, we are fully aware that buying and selling gold is always a safe bet. As a family owned and operated jewelry store since 1896, we have seen the economy go up and down. However, gold has always been the safe haven when times get tough. But, what is driving the price of gold?

First and foremost, we should be clear that if you want to get the most out of your old gold jewelry, you need a trustworthy jeweler that will not scam you. At Johantgen Jewelers, we aren’t in this business because of a one-time sale. It is a consistent relationship we have built with many different customers from generation to generation. In today’s world, gold is not solely used for jewelry. It can aid in manufacturing certain electronics and even medical devices. In fact, gold hit its highest sale point in late 2020.

What is Gold Worth?

Over the last 50 years, many investors have been enamored by its price, watching it increase substantially over the last several years. While supply and demand are components to gold buying and selling, the overall worth of gold retains and holds its value very well. So, if you are looking for a true answer as to what gold may be worth, the answer is always going to vary. Gold prices are very dependent on the way our market fluctuates. Taking your pieces into the jeweler and letting them price it out for you is always the best option.

Honest And Fair Quotes On Your Gold

It’s no secret that our locally owned and operated store has over 100 years of experience in the industry. We are known for being one of the highest payouts in the area and we are laser focused on getting you the best deal. Apart from the market, there are several things we examine when we are appraising and potentially buying jewelry. We check for weight, purity, identification and color. While we never employ any type of high-pressure tactics, we want you to know that when you are ready, we are here to help.

For more information about our gold buying services or us you would like to sit down with one of our experienced gold appraisers and discuss the value of your jewelry, give us a call and make an appointment today. For all of your gold buying or selling needs, contact Johantgen Jewelers today at (763) 537-7233 or email [email protected].