Gold recently fell to its lowest price in over two years, dipping below the $1500 mark. The dip is the latest fall for the precious metal that was reaching over $2000 an ounce not all that long ago. In the last six months alone, gold had lost about 11% of its value.
So, what is behind the dropping price of gold? Many analysts say the drop is due in part, to an increasing confidence in the economy. Others point to a lack of fear of inflation. If you are looking to sell gold Boca Raton, now may be a good opportunity. Many in the industry are predicting gold to fall even further this year, and there are some predictions it may fall as low as $1250 an ounce by the end of 2014.
The recent decline is following a full decade of unprecedented growth in the price of the metal. It is a run that appears to be over. If you own gold jewelry or coins, and are considering selling them, we are your resource in Boca Raton. Remember, many gold buyers melt the gold they buy. They only look at the current price of gold in making their offer. We consider the historic, collectible and numismatic value of your gold and may offer you a higher price than you may get elsewhere.
We’ll keep an eye out on the prices as gold continues to drop. In the meantime if you are considering the sale of your gold, please keep us in mind.