Look for a reputable company preferably one who is local and is out for the betterment of the community. A company who stands for honesty and integrity and will let you know how much your getting and what percentage you are receiving. If you walk into a used car lot the sales man can tell you there is a brand new engine under the hood but if you don’t know cars you will never know the difference.  You want to go to a Jeweler who will educate you and show you exactly how he tests the purity and comes up with the valuation of your merchandise.

Dead give away signs that you are about to be ripped off.

• The individual evaluating your Jewelry is behind a glass or counter and there is no way of seeing the scale and your stuck believing it weighs what he tells you.
• Make sure the scale that the Jeweler is using is in plain view.
• Make sure he is licensed there should be a certificate by the local Police dpt. stating that this individual is approved to buy precious metals. If you sell to someone who is not licensed you can get in trouble as well as the purchaser.
• Be certain that  the individual explains to you exactly how the acids work and how they show the  purity differences of the Gold.

At Garden State Jewelers our main objective is to educate you as to how we valuate your precious metals and stones. It’s very simple whether you sell to us or not the most important thing to us is that you are educated. When you walk out of out store you will never buy a fake piece of Jewelry again. If you have old costume jewelery in good condition we collect it and it is distributed to reputable organizations. It is given  to orphanages and hospitals for children who can’t afford jewelry of their own. We can be found online at www.easytosellgold.com if you have any questions or comments please don’t hesitate to contact us.

European ministers jointly backed the publication of so-called bank “stress tests,” which drove the euro to three-week highs, along with a successful Spanish bond auction.

Spot gold was bid at $1,246.75 an ounce at 1425 GMT, against $1,229.60 late in New York on Wednesday. U.S. gold futures for August delivery rose $14.50 to $1,245.10.

“It’s the age-old story, that however illogical it seems, gold is looking for any and every opportunity to go higher, and we all know the reasons why, the safe-haven factor, sovereign debt risks and so on,” said Peter Hillyard, head of metals sales at ANZ Investment Bank.

“The mood is with gold right now, the momentum is with gold and the market will either do nothing or go up,” he said.

U.S. data that showed consumer prices posted their largest fall in nearly 1-1/2 years in May and a surprise rise in weekly unemployment claims increased the chances of the Federal Reserve maintaining its policy of ultra-low interest rates as the economy struggles to shake off the vestiges of recession.

Another report showing a surprise drop in Mid-Atlantic business activity knocked equities into negative territory and pushed crude oil below $78 a barrel.

The concern investors have about some debt-laden euro zone economies, such as Spain, has not receded.

The premium bond holders demand to own 10-year Spanish government debt over benchmark German bunds hit a euro lifetime high on Thursday, although an auction of Spanish 10-year bonds attracted good demand.

The euro trimmed some of its gains versus the dollar but still traded up on the day after the Spanish auction soothed some fears about the country’s public finances.

Industrial commodities weakened, with copper and aluminum sliding between 2.5 and 3 percent as the data out of the United States cast doubt on the pace of demand growth.

The U.S. government said its monthly consumer price index fell 0.2 percent last month, the largest decline since December 2008, after dipping 0.1 percent in April, while a reading of weekly initial jobless data showed claims rose by more than expected to 472,000 last week.

Interest in physical gold as an investment product kept holdings of the world’s largest gold-backed exchange-traded fund, New York’s SPDR Gold Trust, at a record above 1,306 tons on Wednesday.

Sir Isaac Newton stated everything that goes up must come down in regards to gravity. It is equally true in regard to monetary values. The only thing that makes money worth its value is, belief. We believe in the dollar thus making it worth money. We believed in the real estate market and it has tumbled. We all believe so heavily in gold and it will soon crumble.
Make sure to invest wisely.

For a long time, the ratio was set by fiat at 15.5-to-1, meaning
that one troy ounce of gold would buy 15.5 ounces of silver.
If those laws were still followed today, silver would be trading at
$58 per ounce.

However let’s specifically speculate on the price of gold.
Historically, gold was worth between $20 and $35 an ounce, by law,
when the world’s currency was under the “Gold Standard” during the
Breton Woods era. After gold was allowed to trade openly on the free
market in 1975, its price spiked to $850/ounce in 1980. It them
plummeted to $250/ounce in 1981 and continued to trade between
$250/ounce and $500/ounce until 2006. Since 2006, gold has
sky-rocketed to new highs of up to $1,000/ounce, and now regularly
trades between $900 and $1,000 per ounce.