Gold Prices – Call (714) 901-8000
We Pay More, Guaranteed! Sell gold jewelry at Cash For Gold Orange County for the absolute best cash deals. Get the latest current market gold prices, as well as prices of silver, platinum, and palladium with our live streaming price chart below.
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….The History of Gold and its Importance to you.
Gold has been highly treasured since ancient times and is believed to have been the first metal ever used by humans for making coins, jewelry and other rituals. The metal is found as nuggets in rocks contained in the earth’s soil. Pure gold has a bright yellow color and shine, customarily found attractive, that it preserves without oxidizing in air or water. Nitric acid has long been used to authenticate the presence of gold in jewelry and other items; hence the term “acid test”.
Gold is one of many precious metals, but why is it so valuable? The History of Gold.
Beyond being loved for its beauty and many uses, the history of gold tells us it was historically used as currency. For many reasons, it was eventually replaced by paper money. Until recent times, this paper money was backed by gold held by governments. Like other precious metals, gold is typically measured by troy weight. When it is alloyed with other metals such as copper and nickel to make jewelry, the word carat is used to specify the amount of gold present in the item; 10k, 14k, 16k, 18k, 22k.
Today, the price of gold is determined each day in the world’s open market trading systems. Over the last 30 years, the price of gold has fluctuated widely from a low of $35 to a high of $850 per ounce on January 21, 1980. In 2008 dollars, indexed for inflation, that peak would equate to approximately $2500. It is currently valued at about $1000 per troy ounce. Many analysts today believe the price of gold will continue to rise as economic and political times worsen. Historically, the demand of gold rises for many reasons;
- As the US dollar weakens
- As a hedge against inflation
- Political uncertainty
Thinking about selling your Gold Jewelry? Call the experts at Cash for Gold Orange County – gold prices: gold is currently at an all time high.
Cash for Gold Orange County is located at 15182 Goldenwest Street, Huntington Beach, California. We are Orange County’s largest, oldest, and most professional cash for gold buyer. Nobody knows more and nobody will pay more. The next time you want to sell gold, Call us at 714-901-8000 for more information or visit our website (what we buy) to obtain more information.