Gold: The Ups and Downs

Taking a real quick break between posts about music equipment to talk a little bit about something that concerns a lot of our customers, and that's the gold market. Lately, it seems that we have had many customers come in confused and surprised about the value of gold and the direction it has gone and is going. While there isn't enough room on this whole blog to fully cover the gold market (and indeed, people have spent their whole lives studying and hypothesizing about it) there are some basics that may help give some understanding as to what's going on...

Just how high will gold get in the next 2 years

With gold prices climbing over 20% in the past year and over 46% in the past two years, many are wondering just how high can gold possibly get. Just a couple of years ago it seemed like a slim possibility that gold would actually reach the $1,000 per ounce plateau. It was talked about as a joke when gold investing companies like Swiss America started predicting $1,500 an ounce gold prices. But here we are, reaching the highest mark in history earlier this month at $1386.40. Observing the many factors that come into play with the precious metals market, we predict that by the end of 2012 gold will reach $2000 per ounce. Now, we are not professional gold investors, financial advisors, economists, or even scholars for that matter. We are simply pawnbrokers with about 17 years experience. In conducting business with the local people in the area, we have never seen a greater need for financial support than we see right now. There has been a noticeable increase in upper and middle class patrons in need of loans. Like many, they are hard working folks who have run into money woes due to the recent troubling economy. With job loss being the overwhelming theme, we also hear of pay cuts, government benefits dropped or reduced, and local business owners claiming the customers are not spending money like they use to. Who to blame for our current economic state does not do a lot good for helping us get out of it. But as always we are seeing the familiar finger pointing and constant blame game that is become second nature in our nation's capital. We are also witnessing the daily devaluing of our dollar, the unprecedented borrowing from China and multiple back-to-back trillion dollar deficits. Obviously these factors have had a hand in driving gold and other precious metals to their current values. And with the current administration's policies, many do not see things getting better any time soon. Now, we have heard that the recession has ended and that if the country did not receive the bailouts the last couple years that things would be far worse. Unfortunately, we will never be able to prove or disprove that theory. We can merely speculate, and speculate is exactly what people are doing when they decide to put their money into gold and other precious metals over the other options available on the market today. So as we are being assured that this is the bottom and that the economy will soon be on an uptick, keep an eye on the gold market because it is stating otherwise.


If you are looking to make a gold purchase, receive a cash loan on your precious metals, or if you could just use some helpful information please visit us on the web at http://www.tbgoods.com/ and stop by one of our two locations in the Alachua county area. We have a friendly staff, a clean environment and unmatched customer service.

Affordable Gold & Jewelry Investments

Giving and buying jewelry can be a very expensive ordeal if you don't know where to look. Gold jewelry is a great investment and doubles as a beautiful accessory to any outfit. It's also a great gift for a loved one or friend. The price of gold on the market has skyrocketed but it isn't too late to get in on the game of investment. Buy now and your investment will grow with time.

Many people are hesitant to look at what pawn shops have to offer but if you're in the market for jewelry then pawn shops like ours should be your first stop. At TB Goods, we stay up to date with the market values of gold and silver because we use this information on a daily basis. We buy and sell precious metals every day. With that in mind, our prices for jewelry are relatively affordable with a low markup compared to Kay Jewelers or Overstock.com. You can save 50%-75% off retail prices on what you would pay elsewhere by making your purchase with us.

TB Goods also offers layaway where you can make payments on jewelry for up to a year which makes purchasing more affordable. In the event the price of gold increases, you can secure your investment by putting jewelry on layaway and buying it at last year's prices. We offer layaway any time of the year where some stores might not offer it at all.

We have an assortment of jewelry from antiques and collectibles to trendy pieces for all ages and genders. Great prices on Tiffany jewelry, silver and platinum as well. If you're looking for Masonic pieces, we have unique masonic rings and necklaces. Keep us in mind for gold watches and Rolex as well. For up to date information on some of our jewelry pieces, check our Ebay store or drop by one of our store locations.

http://stores.ebay.com/TBGoods

http://www.tbgoods.com/