The Value of Gold is the highest ever!

When I got into the gold business almost 12 years ago, before there was toddlers and chaos, the rate of gold was 570 a troy ounce and now it’s tripled for gold bullion, coins and gold jewelry, Woo Hoo!!

Between sending the kids to camp and reorganizing your closet for the umpteenth time, now is the time to clean out your jewelry box (or couch cushions) for any unwanted jewelry of any karat and set up an appointment with me!

You can mail me your pieces and I can repurpose them, then you can treat yourself with some quarantine online retail therapy (the best kind of therapy)!

Now’s the time to sell your old jewelry!

Normally, I am doing hundreds of gold parties, but since the shelter in place they have been put on hold and this is a nice way to still cash in! Take that vacation (post Covid), stash some 💵 away for a rainy day, or treat yourself to a new piece of jewelry that you absolutely love and adore.

Your old boyfriend will never know what became of that gold necklace or ring sitting in the bottom of your drawer 😂 Psst...If you sell gold/silver for yourself plus two friends i.e. a *gold party* you’ll make 10% of their gold for virtually hosting!

I can even do your party via Zoom cocktails and all, like the good ole days! I buy gold, silver and platinum jewelry, watches, tableware and coins. Selling your jewelry can be an emotional process and I offer complete privacy, security, and integrity. My online fine gold jewelry store can be found on the upper right hand corner of my blog - > this way to happiness! 💛

unnamed.jpg

Sneak Peek into my home office! Here I am at my desk sorting what gold I want to melt & recycle or repurpose and sell online! I can’t guarantee I won’t be wearing PJS these days!


The above gold jewelry have been repaired and repurposed for sale on my website. Most pieces however, just simply need to be melted as their value in gold is higher.


ever wonder what effects the value of GOLD? Let me break it down for you ; )!

Gold prices are a record high which is being fueled by the U.S. dollar declining, unemployment rising, and investors adding bullion to their portfolio.

As I’m writing the price of gold is 2040 per troy once, surpassing its peak of 1891.9 from August 2011 and silver is over 24. Gold will even continue to rise in the upcoming week!

Taken from the WSJ:

  • Gold prices zoomed to a record Monday, as a weakening dollar injected new momentum into a rally driven by uncertainty about the world economy.

  • Futures contracts for delivering gold in August shot up as much as 2.2% to $1,940.10 a troy ounce, topping the previous intraday peak of $1,923.70 from September 2011. They ended the day up 1.8% at $1,931, a second consecutive closing record. Gold futures reached an all-time closing high for the first time in nearly nine years Friday, but remained short of the intraday record.

  • Monday’s record marked a milestone in gold’s bull run, which many traders rank alongside those of 2008-11 and the late 1970s. The gloomy outlook for the world economy, a decline in interest rates, rising tensions between the U.S. and China, and the dollar’s depreciation have fueled the surge as investors have bought assets they perceive to be havens.

Taken from Kitco.com:

  • As gold continues its race upwards and prices approach the $2,000 an ounce mark, analysts say that there might be opportunities to buy next week as the precious metal sees some consolidation.

  • December Comex gold futures have very briefly touched a new record high of the $2,005 an ounce level overnight and were last trading at $1,990.10, up 1.18% on the day.

  • As the U.S. gets closer to the presidential elections in November, markets will see more volatility.

  •  Gold is currently following a risk-on environment as it coincides with weaker U.S. dollar, which has triggered the gold’s move to new record highs this week.

  • “The amount of money being pumped into the economy is unprecedented. We do it on the daily basis,” Pavilonis stated. “It is strange that we see people on the streets questioning why they have to pay taxes if you can just print more money. Gold is a safe haven in this circumstance.”

  • Market expectations look for the U.S. economy to create 1.4 million new jobs in July and for the unemployment rate to drop to 10.7%.

  • “The U.S. economy lost 22 million jobs between February and April as lockdowns forced businesses to close and lay off workers while the reopening through May and June has allowed nearly 8 million of those jobs come back. Nonetheless, there is still a mighty jobs deficit and with the renewed spike in cases leading many states to reverse course and reintroduce Covid-19 containment measures, we are seeing rising joblessness once again,” said ING chief international economist James Knightley.

  • Knightley added that the July payrolls number will not reflect the job losses people might have seen towards the end of the month due to new shutdown measures.

Remember that old necklace passed down to you could be a new washing machine!!
— Lynn @goldwestvintage

See what else we have been up to during quarantine!

Yours in GolD…

Love, Lynn

unnamed-1.jpg
Gold Blog.png