Syracuse, New York (WSYR-TV) - Efforts by the Fed to stem the financial crisis have sent the price for an ounce of gold through the roof.
It surged briefly Thursday to more than $900 — that’s a significant jump from the $700 price tag we were seeing last year at this time. And Wednesday’s gain of more than $80 was the highest ever seen for this commodity.
It’s leading many to trade in their gold to pay for necessities.
“A little over a month ago, a couple came in and sold the wedding bands right off their fingers — because they had to,” says Mark Caiello of the CNY Coin and Silver Exchange.
For some, it’s become necessary to trade in treasured belongings to make ends meet.
“When yesterday we had that $88 surge in the gold markets, it was very very busy again. Phones ringing — and the jewelry business was very, very active,” Caiello says.
So active, some shops may look to take advantage. Pay close attention to how valuables are being priced.
Make sure the exchange shop you bring your jewelry to is sorting through your items and dividing them up by karat value. 14-karat gold, for example, will be worth more than 10-karat gold, and you want to be sure that each value is being weighed separately.
If someone offers you a price you think is too low, get a second opinion.
Just in case you have second thoughts after you’ve traded in your gold, a state law requires each shop to hold your valuables for seven days before the transaction is complete.
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Source: http://www.9wsyr.com/news/
September 19th, 2008
Released on: September 18, 2008, 8:39 pm
Press Release Author: Sparkle N Dazzle
Industry: Internet & Online
Press Release Summary: Sndgems.com announces building your perfect ring with eco frienly metals never gets easier than at their online jewelry store.
Press Release Body: The largest collection of engagement rings, wedding rings and diamond rings offered by sndgems.com will very soon be manufactured from 100% recycled precious metals and gems. Sparkle N Dazzle will be partnering with Hoover & Strong, which manufactures HARMONY Metals and Gems™, 100% recycled and beautiful precious metals paired with conflict-free diamonds and fair trade gemstones.
With over 30,000 eco-friendly products to choose from at Hoover & Strong, our jewelers have the opportunity to participate in the global effort to preserve our planet’s future and provide a green jewelry option to the consumers.
Sndgems.com is one of the best online jewelry store when it comes to engagement rings and wedding rings and they offer designer your ring options to its customers with 3D view for their diamond engagement rings and wedding rings allowing their customers to browse through part of their online showcasee with an 3 dimensional buying experience. Our 3D engagement rings are the best way to to build your perfect ring for your loved ones and view details of what you want in the ring and ensure you get the diamond engagement ring that is the very best for her.
We carry every style of engagement ring in every metal including platinum, silver and gold to build your ring in 3D view with any shape and cut of the diamond. Customers can choose from over 100,000 certified diamonds in all shapes and sizes. Search our huge inventory of loose diamonds at our online jewelry store.
All your jewelry questions about buying jewelry online will be answered by our jewelry experts from choosing a diamond, building the perfect ring in the the right metal.
Web Site: http://www.sndgems.com/
Contact Details: 2W 46th Street #1011
New York, NY 10036
T: 800-871-1066
F: 614-921-9037
Source: http://www.express-press-release.net
September 19th, 2008
