People love to wear it. The federal reserve needs more to back it’s paper. To have it in the earth under your country is power. As a commodity it will bobble up and down, but now it’s up. Gold is a popular commodity these days. As the economy continues to crumble, the federal reserve has tried to falsely infuse the nation with more paper money. The more of it there is, the less valuable it is. We’ve saturated the market with green hoping to get people back to their old spending habits, and in the meantime, the dollar has toppled world wide.
American exports are nothing like they used to be. In fact, the things we used to export are now the things we import. We’ve lost many of our most valuable trade items to emerging economies. With a lack of commodities to back our dollar, we need more gold to prop it up. You can hardly open a paper without a big display ad popping out to urge you to sell all of your old jewelery and gold to them. In fact, many precious metals are hot these days. Copper thieves will raid construction sites for the stuff. Silver has a good cash price. However, it’s the gold that makes the difference.
If you decide to cash in on the gold rush, just know that what you’re getting for your old rings and necklaces is minimal compared to what an ounce of the stuff is bringing on the commodities market. Gold is expensive to mine, so recycling it is a good business to be in. In fact, it will probably always be a good business.