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Gold Prices Continue to Rise – Reach All Time Highs – Get More for Your Gold and Jewelry!

If you’re apprehensive about selling your gold and jewelry online, there has never been a better time to do it than now. Gold prices are skyrocketing among economic uncertainty, so the cash you receive for selling your gold and jewelry online will be at its maximum than any other time in recent memory. Experts say that gold will return to normal prices at the end of this year as the price of gold returns to normal rates.

Gold prices continued to skyrocket Thursday, reaching another all-time high on the falling U.S. dollar, supply concerns and high world-wide demand.

Gold futures have risen more than 42% since August. In early January, they surpassed the previous all-time high of $847 an ounce – a record that dated back 28 years.

Nadler believes that gold is selling with a $200 “anxiety premium,” amid the credit crunch, but he expects to see a price correction as the effects of the rate cuts boost the economy in the latter half of 2008.

“When we reach a return to normalcy, we will see gold trading in the mid-$600 range,” said Nadler.

Source – CNN Money 1/30/2008

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Posted in Precious Metals