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When you sell gold to us, we will explain every step of the process to help you understand how selling gold works. With your XRF Precious metals Analyzer, we can test your gold to know exactly what purity your gold contains. This helps us assess your gold to give you the most when you sell.
With a possible recession coming and interest rates continuing to hike to bring down inflation, it’s hard to tell where the price of gold is going in 2023. Last year, there was just as much uncertainty with gold pricing. At first glance, 2022 was hopeful as we started to recover from the pandemic. However, the war in Ukraine and the energy crisis led to interest rates continuing to skyrocket and have changed earlier predictions for the cost of gold. Our current predictions are based on multiple factors, but it’s important to keep in mind that these are just predictions and anything could happen.
How do you predict the price of gold?
The shortest answer is that you can’t. What we can do is look at past prices and the current economy to make predictions based on trends. The U.S. dollar, inflation and interest rates, and geopolitics are some factors we can examine to see how the price of gold may be affected.
The U.S. Dollar
Since gold is priced in dollars, the current value of the U.S. dollar has a direct impact on the price of gold. Since gold is a commodity with an intrinsic value, that value changes over time. Gold is a direct competitor to other interest-bearing assets since it does not generate interest itself. Therefore, when the price of the dollar is high, the price of gold tends to go down.
Inflation and Interest Rates
Globally, inflation has steadily continued to rise over the last year. Interest rates have been hiked to try to bring inflation back down, but so far, there has been little success. If inflation does somehow start to fall, but the interest rates continue to rise, gold’s value will decrease even further.
Geopolitics
With the unexpected war raging in Ukraine, restrictions that have been placed on Russia have greatly impacted the global economy. We’ve already seen strains on gas prices, worries over energy rationing in Europe, and the biggest concern is an impending war that expands beyond Russia and Ukraine. There are no doubts that these geopolitics will also affect the price of gold over the next year.
Get Started Investing in Gold
You may be wondering if now is a good time to start investing in gold. With inflation on the rise and an impending recession, now may be the perfect time to start your gold investment journey. Since gold acts as a hedge against inflation, investing now can guarantee protection from the declining purchasing power of money. Learn more about the different types of gold investments to decide how to get started.
The Current Price of Gold
You can check the current price of gold in real-time here. Always talk to your CPA or Financial Advisor before making investments.
2023 American Eagle 1 Troy Ounce Silver Bullion Coin
Coming Soon to California Gold and Silver Exchange is the 1 troy ounce 2023 American Silver Eagle Bullion Coin. This coin is issued yearly from the United States Mint. Since 1986, the U.S. Mint has issued the 1 oz American Silver Eagle Coin. In 2021, half way through the year, the reverse side of the coin was re-designed for the first time. This new Type 2 coin has been very popular among collectors and investors alike.
The obverse of the American Silver Eagle coin features Weinman’s Walking Lady Liberty design. The Lady Liberty drapes the American flag and leaves. The front has the sun rising over a ridge. “In God We Trust” and the word Liberty are also on the front of the coin. There is no mint mark, but these coins are generally made in the West Point Mint. They do also produce them at the San Fransisco Mint and Philadelphia Mint when more are needed.
The reverse of the American Silver Eagle coin features an American Bald Eagle. The Bald Eagle appears to be flying through the air, carrying a wood branch. The coin says “United States of America” “One Dollar” “1 oz. Fine Silver” and “E Pluribus Unum” The coin is .999 Fine Silver and has a weight of 1 troy ounce.
Specifications of the 2023 Silver Eagle
Alloy: 99.9 AG
Diameter: 40.6 mm
Thickness: 2.98 mm
Denomination: 1 Dollar
Quality: Bullion
Year: 2023
Packaging: 20 in Tube with Green Lid, 25 tubes of 20 coins for a total of 500 troy ounces in monster box
Availability
California Gold and Silver Exchange has secured this new product for purchase in store. We will soon have 2023 silver Eagles available in store for purchase. Call for pricing and availability. For more information on coins from the United States Mint visit The U.S. Mint website. Furthermore, for other items available at California Gold and Silver Exchange visit our What We Sell page or call us directly at 909-985-4653 during regular business hours.
Great Britain 2023 Silver Robin Hood 10 Troy Ounce Silver Bullion Coin
Now available at California Gold and Silver Exchange in Upland, California is the 10 troy ounce 2023 Silver Robin Hood Bullion Coin. Inspired by the traditions of storytelling and folklore, passed down through centuries and generations, the Myths and Legends Collection from The Royal Mint was launched in 2021, beginning with a three-coin series celebrating the famous tales of Robin Hood. These beautiful silver coins are a great addition to any silver stacker collection. Furthermore, the feature the now deceased Queen Elizabeth the Second, one of the last coins to be issued with the beloved Queen.
The legendary hero Robin Hood, who notably took from the rich to give to the poor, appears on the first coin in a new bullion collection inspired by myths and legends. The hero of folklore will soon be followed by two more coins inspired by the tale, featuring the courageous heroine Maid Marian and Robin Hood’s trusted companion Little John.
Stories of this heroic rebel have spread far and wide since the fourteenth century. Robin Hood was often described as a great archer, and Jody Clark’s depiction of the character features him hidden amongst the branches of Sherwood Forest, poised with a bow and arrow ready for action. Struck in 999.9 fine silver, each ten-ounce coin is finished to The Royal Mint’s bullion standard, and is also available as a one ounce fine platinum edition. What a great addition this will make to your silver bullion collection!
Key Features of the 2023 Silver Britannia
- Each Robin Hood 2023 10oz silver bullion coin featuring the fifth and final effigy of Queen Elizabeth II has a limited production run.
- The largest coin in this exciting Myths and Legends bullion coin collection
- Each coin contains ten troy ounces of 999.9 fine silver
- Struck to The Royal Mint’s bullion standard
- Features a modern interpretation of Robin Hood by Jody Clark
- Individually packaged in a single coin capsule
Specifications of the 2023 Silver Robin Hood
Alloy: 99.9 AG
Diameter: 89.00 mm
Obverse Designer: Jody Clark
Reverse Designer: Jody Clark
Quality: Bullion
Year: 2023
Packaging: Coin Capsule
Availability
California Gold and Silver Exchange has secured this new product for purchase in store. Furthermore, this product will be now available, however there will only be a limited quantity of coins. Call for current pricing and availability. For more information on coins from Great Britain visit The Royal Mint’s website. Furthermore, for other items available at California Gold and Silver Exchange visit our What We Sell page, check out our blog or call us directly at 909-985-4653 during regular business hours. We are located in Upland, California in San Bernadino County of Southern California.
