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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 the Silicon Valley Bank crashing, and others like it predicted to follow, some economists are predicting a market crash in the near future. But what other factors are leading to this crash? And how can you protect your assets? There are several things that may be the root cause of the impending crash, and an easy way to protect yourself is to start investing in gold, silver, and bitcoin as soon as you can.
Factors Leading to the Crash
Banks Crashes
In March, Silicon Valley Bank (SVB) and Signature Bank crashed causing the second and third-largest bank failures in U.S. history. This not only led to the loss of thousands of jobs, but companies with similar banks had to scramble to secure their funds in fear that their bank would also fail. The failure of these banks is leading to a large disruption in the economy since so many businesses relied on SVB for essential financial services such as lending, cash management, and investments.
Inflation
With the price of nearly everything in the U.S. on the rise, we will begin to see many negative consequences very soon if inflation isn’t controlled. According to USNews.com, “While year-over-year inflation did slide in October, if inflation rebounds or if the Federal Reserve is forced to continue to aggressively raise interest rates to keep it in check, that could be a negative scenario for stock prices.” Although the Federal Reserve is “strongly committed” to reducing inflation to 2%, we may see a crash soon if they are not able to achieve this goal.
Interest Rates
A rise in interest rates means that companies have to borrow more money to invest in their growth. Many economists are predicting that the rates are going to continue to rise during 2023 if inflation doesn’t slow down soon. This same problem is occurring in the housing market as well with interest rates on housing also expected to continue to rise.
Geopolitical Events
We are still seeing the effects of Russia’s invasion of Ukraine. This event has caused stress on economies all around the world and caused a massive wild card for investors. We’re also seeing supply chains at risk in China and Taiwan as tensions between the two countries remain high. However, the political events on our home turf are also causing strife in the economy. With the left and right more divided than ever, members of the House and Senate continue to cause problems for American citizens.
Supply Chain Disruptions
Because of events in Ukraine, Russia, and China, we are seeing a major disruption of the U.S. supply chain in these countries. This is part of the problem with our rising inflation rates as well. With nearly everything in shortage, the supply and demand of the economy is deeply disrupted and leading to a potential crash.
How to Protect Yourself in the Event of a Crash
Invest in Gold
MarketWatch.com says that “Gold futures settled Monday at their highest in about 11 months, after briefly topping the $2,000-an-ounce mark for the first time in over year, as the takeover of Credit Suisse by UBS stoked fears about more banking-sector fallout.” Despite the concerns over the economy, gold still remains to be a stable investment.
SILICON Valley Bank -SILVERGATE Bank-SIGNATURE Bank. They went WOKE and went BROKE. Crash and Crisis just starting. Pensions, IRAs, 401ks went WOKE going broke. Buy more G,S, BC. TAKE CARE.
— Robert Kiyosaki (@theRealKiyosaki) March 15, 2023
Invest in Silver
Like gold, investing in silver also works as a great hedge against inflation. Although it isn’t as valuable as gold, it’s still an excellent investment in times of economic uncertainty. Since silver is one of the most common metals used in jewelry, you may even already have items at home that have some value to them.
Invest in Bitcoin
Bitcoin is a super secure investment with low transaction fees and tons of potential. Bitcoin not only has unlimited growth potential, but it also carries long-term value. However, that’s not saying that Bitcoin doesn’t also come with some risks. If you are new to Bitcoin, make sure to do lots of research before you invest.
Ready to Start Investing In Silver or Gold? We Buy and Sell!
If you’re ready to start securing your assets, come to our location in Upland, California and we can help you start your gold or silver investing journey. Contact us today if you have questions.
(Always talk to your CPA or Financial Advisor before making investments.)
Picture this… you find old coins in a box as you’re cleaning out the house of a relative that’s recently passed away. You look up the coins online to see what they’re worth and get excited to see they could fetch you around $300 each. However, you also notice the coins are a bit dirty from sitting in that box for years, so you decide to give them a nice clean and polish them. You go to a shop to sell them, and the shopkeep tells you that they can’t even buy them for a tenth of what they are worth.
Coins can actually lose a lot of value when you clean them. This is why we never recommend that you clean your coins before you sell them.
Why Do Cleaned Coins Lose Value?
Cleaned coins lose value because most cleaning products are abrasive, you can easily damage the coins, and even non-abrasive cleaners can react poorly with other metals in the coins. When you clean your coins, you can also damage the design of the coin itself if you apply too much pressure while scrubbing, or if you scrub for too long. A coin’s design can be one of its most valuable assets, especially when the design is unique, rare, or no-longer in print. It’s one of the most important factors when buyers grade the coin. The coin can also become damaged during the drying process if the cloth you use to dry it is too rough. This causes scratches and blemishes that further decrease the value. When it comes to bullion coins, even your newer coins hold their value in their precious metal content, not their cleanliness.
What is Patina?
A coin’s patina is the layer of toning that a coin naturally develops over time. Patina development is how the metal in the coin naturally protects itself from the environment. Another important reason not to clean your coins is because a coin’s patina can help determine how much it is worth.
Silver Coins
Silver coins will turn from a light grey to a darker brownish grey with even darker browns in the recessed areas of the coin.
Gold Coins
Gold turns to a softer or warmer yellow over time since it is the least reactive of the metals. It may be harder to determine the patina on gold because of this. If your gold coins have a brown or dark-looking patina on them, it may mean that your coin was not made from solid gold, but was mixed with other metals.
Ready to Sell Some Dirty Coins?
If you have some coins you are looking to sell, you can contact us or come into our shop located in Upland, CA. Although we don’t require appointments, we definitely recommend them to make sure you can be serviced.
(Always talk to your CPA or Financial Advisor before making investments.)
If you have some gold to sell, you may first need to verify that your gold is actually worth something. While regular gold investors may already own equipment for testing, the average person will probably need to try other options. You may be wondering how to test if your gold is real without the use of fancy equipment. Luckily, you can test your gold for authenticity right at home with things you probably already have laying around!
Home Tests to See if Your Gold is Real
We always recommend getting your gold tested by a professional. However, if you want to make sure the trip to the gold buyer will be worth it, you can do these preliminary tests to check for authenticity. Use these tests with caution. Some of these may cause damage to your items if you aren’t careful.
Gold Hallmarks and Letter Marks
The easiest way to test your gold for authenticity is to check for markings and stamps on the gold. Authentic pieces are usually stamped with letters, numbers, or other markings that give basic information about the gold piece. There is usually a hallmark that will indicate what kind of gold you have. You can find these by looking for 10k for 10 karat, 14k for 14 karat, etc. There may also be letters that indicate if your gold is filled plated, or electroplate. GF means gold filled, GP means gold plated, and GEP means gold electroplate. However, even if your gold plating is real, it doesn’t always mean that there is enough gold to be considered true gold.
Test if Your Gold is Real With Vinegar
You can test to see if your gold is real by putting a little bit of vinegar onto it. Put your piece of gold on a flat surface or hold it in your hand. Carefully pour some vinegar onto the gold, or use a dropper to put a few drops onto it. If the gold changes color, then it is not pure gold. However, if the gold remains the same, or stays shining, then the gold is real. You can also put some vinegar into a glass and let the gold soak in the glass for 5-8 minutes. If the gold changes color (even slightly) after rinsing it, then it is not real gold.
The Makeup Test
You can test to find out if gold is real or not with just a little bit of liquid foundation. Although this method isn’t 100% reliable, it’s an easy way to test in a pinch. Take a small amount of liquid foundation and blend it into your hand. Set with powder, and after it’s dried down, rub your gold on the area. If the area turns black, it’s more than likely real gold. However, if you rub gold on clean, dry skin that’s free from lotions, makeup, and oils, there should be no residue left from the gold after rubbing. If a black or greenish mark appears on clean skin, it may not be real. Test your gold on both clean, dry skin and skin with the liquid foundation to see if there is any difference.
Real Gold Won’t Stick to a Magnet
Another very simple test you can do is to use a strong magnet against your gold. Real gold is not magnetic, and therefore, should not stick.
Ready to sell? Contact us today!
Always talk to your CPA or Financial Advisor before making investments.
