Start Looking At Pawn Shop Rings - It May Be Time To Buy
Gold Price is Down
With gold prices down by 2%, it may be the perfect time to buy gold and silver, gold engagement rings, wedding ring, estate jewelry, diamond rings, and gemstones set in a precious metal, or any of the other great deals you can find at a pawn shop to add to your collection of gold and silver.
Gold prices dropped Monday, June 13th, due to a surging dollar index. This was based on predictions of the Federal Reserve raising interest rates by September. Investors quickly lost the appeal for gold, silver, and other precious metals and the spot price fell.
Gold spot fell to $1,832.76, making it an excellent time to buy gold and silver jewelry, bars, and coins to sit on for future sales. According to JP Morgan, gold has been in a tug a war between its pricing drivers, with firm inflation being countered by bets for aggressive policy responses.
Buy Low Sell High = Money
As consumers look to purchase gold and silver, purchases made when the spot price is down makes good sense. Sitting on gold is an option if you aren’t in a hurry and you can watch the spot price to know when to liquidate. Buy low, sell high, is a rule of thumb.
Consumers of the precious metals available today can determine what they have to spend on precious metals with the knowledge that they may have to sit on the purchase for some time before the market comes back up, and they can then take advantage of making a deal to sell their precious metals.
The cost of doing business is time and the disadvantage of tying up funds on a good deal you got on gold or silver without knowing when you can get a return on your investment.
Large Inventories
Pawn shops have extensive selections of wedding sets, engagement rings, princess-cut diamond rings set in gold, silver, silver jewelry, pendants to mark an engagement date, and loose diamonds, all at a reasonable price.
Most jewelry stores sell fine jewelry to a buyer with a huge mark up. It is a known fact that purchasing from jewelry stores expensive. The cost supports the jewelry store’s advertising, marketing, and profit margins.
Pawn shops buy a diamond ring from a customer who decides they would like a new jewelry piece, so the customer decides to liquidate their current ring. Sometimes pawn shops buy a gold ring outright because the customer needs quick cash to make a payment or meet unexpected emergencies.
Pawn shops take in fine jewelry, gold, silver, and other items like electronics, musical equipment, name-brand sneakers, name brand tools and work with their customers to get the money they need.
If a customer has an engagement ring that is made of diamonds and gold, but a breakup happened, the customer might decide selling the ring is the best recourse. You on the hunt for gold at a lower spot price mightbe able to purchase that engagement ring and add it to your pile of gold to hold onto until gold spot prices rebound.
Top Dollar
Pawn shops pay top dollar after appraising a valuable piece of fine jewelry, and payment is made before the customer leaves the store. This creates an ideal solution for someone needing money fast and a better deal for you looking to buy pre-owned gold rings, gold necklaces, gold bracelets, and other high-end gold jewelry for the best value.
Gold Jewelry
Gold is a durable precious metal that does not tarnish, rust, or corrode. Pure gold (24k) is malleable, so it is easy to shape, bend, and craft when heated.
Gold purity is measured in karates. The word carob is derived from the term karates, meaning the seeds used in ancient times to measure the weight of gold.
Pure gold is usually mixed with other metals and alloys to give the precious metal strength and temper the bright yellow to a soft golden hue. The more metals are mixed with pure gold, the lower the karats.
Most jewelry is made from 14k and 18k gold.
14k Gold
14k gold is 58.3% pure gold and contains parts of different metals like silver, palladium, bronze, copper, zinc, and nickel. 14k white gold has a slightly different make-up of alloys and is coated in a protective rhodium plating. Rhodium is a shiny white metal that looks like platinum. The rhodium gives scratch protection and gives the jewelry piece a lustrous shine. 14k gold is an excellent choice for jewelry when paired with diamonds and gemstones like emeralds, sapphires, and rubies.
18k Gold
18k Gold is 75% pure gold and 25% other alloys like silver and copper. 18k gold is not as durable as 14k gold because it is softer. 18k gold is a good choice for an engagement ring, wedding ring, a gold pendant, or gold earrings. 18k gold complements gemstones with green, red, and blue colors and sets a luxurious background for sparkling diamonds.
What Shop is Best When Shopping for Gold
Jewelry stores have diamond experts who can tell you about diamonds, fine jewelry, and gold. The downside is jewelry stores have huge markups on their jewelry, making the price higher than what you can find in an alternative shopping situation.
Online shops, eBay, and the Marketplace are places to look for and purchase gently used gold jewelry. One of the drawbacks is you can’t be guaranteed that what you are buying is genuine and authentic. Sometimes gold plated jewelry appears to be gold, but it is mainly made from an alloy. Making a purchase even if the price is reasonable is no longer a sweet deal when you discover that what you purchased is fake.
Pawn shops are in the business of buying, selling, and writing pawn loans using precious metals, engagement rings, wedding rings, and other fine jewelry as collateral. Pawn shops offer free appraisals, and most stores test the items that come in to ensure that what they are buying or loaning against is real. Pawn shops wouldn’t stay in business long if they wrote loans against or bought something fake.
Lambert Pawn Shop
Lambert Pawn Shop is located in Whittier, CA, and offers quality pawn services. They are skilled in buying, selling, and writing short-term loans. With over 25 years of combined experience providing quality services, the experienced pawnbrokers will work with each customer to lend the maximum dollar amount possible on anything of value.
Retail and online store
They have a large inventory of engagement rings, fine jewelry, wedding rings, gold necklaces, and other high-end items for sale on their retail floor and through their online shop.
Conveniently open six days a week, they can help whether you are looking to pawn an item, sell an item, or purchase a gold item for your future liquidation when the gold market rebounds. You can email them a picture and description of what you would like to bring in for appraisal, and they will give you a quote right away.