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CASH FOR GOLD! #1 CASH FOR GOLD IN CHICAGO! WEST TOWN JEWELRY & LOAN, 312-374-1995, 5 STAR RATED!

CASH FOR GOLD!  We are the #1 cash for gold in Chicago!  We pay higher than virtually anyone.  We will tell you when the best time to buy or sell gold.  As always we are here if you need a loan on your gold.  We have the most competitive rates in the industry.  When watching the market, here is what to look for:

When the US Dollar gets stronger, it takes fewer dollars to buy any commodity that is priced in $USD. When the US Dollar gets weaker it takes more dollars to purchase the same commodity.

The price of all US Dollar denominated commodities, like gold, will change to reflect the fact that it will take fewer or more dollars to buy that commodity. So it’s quite possible, in fact it’s almost always the case that a portion of the change in the price of gold is really just a reflection of a change in the value of the US Dollar. Sometimes that portion is insignificant. But often the opposite is true where the entire change in the gold price is simply a mathematical recalculation of an ever-changing US Dollar value.

When the dollar gets strong, gold appears to go down, and vice versa. That accounts for part of the fluctuations that we see in the value of gold.

The other part is an actual increase in the supply or demand for gold. If the price is higher when being measured not only in US Dollars, but also in Euros, Pounds Sterling, Japanese Yen, and every other major currency, then we know the gold demand is higher and it has actually increased in value.

Consequently, if gold is higher in US Dollars while at the same time cheaper in every other currency, then we can conclude that the US Dollar has weakened, and that gold has actually lost value in all other currencies. But the price, because it is being quoted in $USD will be higher and give the illusion of gold becoming more valuable. In such a case the devaluation of gold, due to increased supply on the market, is camouflaged by a weakened US Dollar.

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With integrity we have built our business of almost 20 years because Jewelers, Antique Dealers, Traders, Investors and the general public trust us to give the best prices.