The post EzyCash Silver Buyers appeared first on EzyCash Gold Buyers.
]]>Well we have seen some very interesting movement in the price of both Gold & Silver in the last two months, both prices surging forward and now dropping in spot price making selling a very real option for a lot of people.
One question I get asked just about every other day by clients and customers being a precious metals dealer is “what’s happening with the gold price” and “will silver continue to drop or will it continue to climb”.
This is certainly one question I couldn’t hazard a guess to, but I am quite often reminded of one of my old business associates philosophies, he would say to me on quite a regular basis “ what goes up must come down” and if history has taught us anything this is absolutely true, another thing he used to say is “never be ashamed of taking a profit”.
This is one thing I will quite often tell my clients when selling precious metals or bullion (gold, silver, palladium and platinum) is always take a profit, if you can sell today for a profit then do it, everyday you make a profit is another day you’re not making a loss.
This theory can be applied to the selling of Silver scrap and silver bullion. With the latest highs in silver prices, people are cashing in their old silver scrap jewellery, broken silver jewellery, old sterling silver service ware.
In fact anything with silver in it can be well worth selling at the moment, old silver coins (pre 1946 NZ coins contain 50% silver and can be quite valuable), silver 1oz coins, 1kg bars of pure silver (.999 fine), we will buy anything silver, why not take advantage of the silver prices and take a profit today!
Ezy Gold Buyers will buy just about anything silver, we will make the whole process quick and easy and we promise you will leave us with a smile; you can sell all your old junk silver to us and receive instant CASH.
EZY GOLD BUYERS WILL BUY AND PAY INSTANT CASH FOR SILVER & STERLING SILVER:
WE WILL BUY ANY SILVER BULLION BARS & COINS:
The post EzyCash Silver Buyers appeared first on EzyCash Gold Buyers.
]]>The post Mining Gold and Silver isn’t an Easy Job appeared first on EzyCash Gold Buyers.
]]>In April last year the price of silver peaked at US$49 a troy ounce. Currently the spot price of a troy kilo of silver is around NZ$1214 – an increase in the silver price of over 100% cent in the past five years.
This increase in the price of silver is due to a shrinking supply of silver around the world. And this silver supply is set to shrink slightly further due to an announcement by the Mining Health and Safety Administration in the US. The Administration has ordered the temporary closure of the silver shaft at the Lucky Friday silver mine in Mullan, Idaho.
The silver mine, owned by Hecla Mining Company, will be closed for maintenance and cleaning until early 2013. Over time, sand and concrete material has built up in the silver mine and must be removed by power cleaning to prevent future hazards.
After the announcement the silver miner’s share price dropped 21% which lead to fund managers speculating that Hecla, the United States’ largest silver supplier, could be vulnerable to takeover bids.
It’s estimated that an inability to mine silver from Lucky Friday will lessen the companies’ 2012 silver output by about 25%, from 9 million ounces of silver to 7.5 million ounces of silver.
According to the company the financial impact of the silver mine closure will be minimal but it will delay the mining of higher grade silver that sits deeper in the silver mine.
Jobs will also be affected with 200 employees potentially out of work. Hecla hoped that around 50 workers will be transferred to it’s other major silver mine in Alaska and to two silver exploration sites in Colorado and Idaho.
It’s not the only disruption to the mining of silver and gold around the world either. In Kyrgyzstan (a mountainous country near Kazahkstan), drilling for a new gold mine was suspended after an arson attack on the gold mining company’s geologist camp by horsemen wielding sticks and petrol bombs.
The conflict has since been resolved with an agreement signed between the gold mining company and local villagers. Once the gold mine is operational and jobs are created, locals will be given priority, and land-owners will be compensated for any damage that may occur.
Whatever happens in the world of gold and silver, you can be assured that EzyCash Gold Buyers will give you a top cash price for gold jewellery and silver jewellery, all kinds of broken or scrap silver and gold as well as luxury watches and diamonds. Bring it in for an expert evaluation to our store in Panmure, Auckland.
The post Mining Gold and Silver isn’t an Easy Job appeared first on EzyCash Gold Buyers.
]]>The post The Topsy-Turvy Price of Gold appeared first on EzyCash Gold Buyers.
]]>In 2002, one troy ounce of gold would sell for around US$300. Apart from a sharp downturn around 2008 when the financial crisis first hit, the rise in the price of gold has been fast and consistent.
Gold is now trading at over US$1700 per troy ounce.
Silver has also mirrored the rise in the price of gold over the past decade. 2002 saw the price of silver hovering around US$5 per ounce. Nowadays the price of silver is well over US$30 per troy ounce.
It’s the perfect time to sell your gold and silver to EzyCash Gold Buyers in Panmure, Auckland. You’ll receive an expert valuation of your gold and silver and a top cash price.
Broken and unwanted gold jewellery or silver jewellery, scrap gold or scrap silver – bring it into EzyCash Gold Buyers now and take advantage of the high prices of gold and silver.
To keep track of the price of gold go to gold-price.co.nz because while the gold price remains very high, that doesn’t mean it’s immune to fluctuations.
In January of this year, the price of gold was pushing US$1900 per troy ounce. And the week ending March 4th was the worst week for gold since December, with the price settling over US$12 per troy ounce lower.
There are numerous factors affecting the price of gold. There is often a link between the value of the US dollar and the gold price. That is, when one goes up, the other goes down. In recent days, the outlook for the US GDP looks slightly more positive which has had an affect on the price of gold.
Other factors include:
Personal demand – jewellery takes up two-thirds of the world gold production. As the world population grows and emerging economies (such asBrazilandChina) breed wealthier citizens, the demand for gold jewellery grows.
Central banks – countries hold around 16% of the world’s gold. They can affect the gold price depending on how much gold they buy and sell (although under a world-wide agreement, countries are only allowed to sell 500 tonnes of gold each year).
Investors – gold is used by investors as a hedge fund against inflation. As currencies like the Euro continue to be hit by the financial crisis, investors see gold as more reliable investment.
If you’ve invested in gold or have unwanted gold jewellery, broken gold or scrap gold that you are looking to sell, go to EzyCash Gold Buyers in Panmure, Auckland.
The post The Topsy-Turvy Price of Gold appeared first on EzyCash Gold Buyers.
]]>