There are many reasons to sell your gold. West Town Jewelry & Loan will pay you top dollar for your gold. Gold is great to sell when you no longer wear it, when it’s broken or when you need some funds to cover bills. Gold is a great asset to have. The other option is to pawn your gold. If you wear your gold and don’t want to sell it, but need immediate funds, you can pawn your gold. Pawning is a financial solution for quick cash. You simply get a loan on your gold and then come back for it when you get paid.
People are buying gold also in these turbulent times. They are not purchasing scrap gold they are buying gold bullion. Bullion is a term that refers to gold bars, silver bars, and other bars or ingots of precious metal. Many people feel the U.S. Dollar may collapse. If the dollar does collapse, what will you have to purchase food for you and your family? How will you purchase gas to fuel your car to go to work? How will you get paid when you do go to work? Will a bank still even be around? These are all scary thoughts, but the possibility exists. A sudden dollar collapse would create global economic turmoil. Investors would rush to other currencies, such as the euro, or other assets, such as gold and commodities. Demand for Treasuries would plummet, and interest rates would rise. U.S. import prices would skyrocket, causing inflation.U.S. exports would be dirt cheap, boosting the economy briefly. In the long run, inflation, high-interest rates, and volatility would strangle possible business growth. Unemployment would worsen, sending the United States back into recession or even a depression.
Protect yourself from a dollar collapse by first defending yourself from a gradual dollar decline. Keep your assets well-diversified by holding Gold, and other commodities, like silver and diamonds. A dollar collapse would create global economic turmoil. In my opinion buy 1/10th ounce gold American eagles. They move up and down with the gold market. If our dollar does collapse, you will be prepared and be able to provide for yourself and family. The physical gold you saved will be able to provide you with groceries and normal everyday expenses while 99% of the people out there will be in complete chaos.