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The History of Gold Buying

By June 27, 2014August 29th, 2022Gold, Gold Buyer, Sell Gold

The History of Gold Buying

gold buyerGold has been valued highly, and seen as a sign of nobility, for thousands of years.  Partially due to its scarcity, but also solely because of its wondrous, lustrous qualities. Gold has always been a valuable item, and has been sought after for all of written history. It seems today people are understanding the value of gold buying due to the vast increase of people willing to buy gold.

Economic Value

At Oro Express Chandler Pawn & Gold, we’ll buy your gold for higher than the market value, and give you the highest price in Chandler, Mesa, Gilbert, and Queen Creek, but would also like to share with you the true economic qualities gold buying and gold selling has.   What has seemed to make gold the most popular of the precious metals is its redeeming and lasting qualities. Gold is easy to smelt, easy to handle, essentially easy to deal with. Gold is also surprisingly resistant to acid deterioration, giving it a long life. This, along with its looks, have made gold the most popular precious metal in the world.

Gold was used as a medium for currency for hundreds of years. In fact, we just recently stopped using gold as a medium for currency in the early twentieth century, with the last gold certificate being issued in 1932 by the United States. The United States Federal Reserve is said to back all of the currency of the United States in precious metals such as gold and silver. This has been doubted as time moves forward, but it is what backs the currency of the United States and most first world nations.   Gold buying is a relatively new phenomena that seemed to have popped up after the recession in 2008. Gold prices seem to remain constant, even throughout recessions, and thus make a valuable investment for those who seek money.

Buying & Selling Gold

Selling gold is a quick and easy way to get money for scrap jewelry with gold on it. This spawned a multi-billion dollar industry around the precious metal where people could get fast cash for gold.  Because precious metals can be melted down, time and again, and reused.  Therefore, being able to create new jewelry out of it, or use for technological advances.  This industry has blown up just in the last decade or so, and is in full swing today. Although, there has been much distrust in the industry.  This is due to some unfavorable businesses, offering only a fraction of the gold’s value.

Buying gold is Oro Express Chandler Pawn & Gold’s specialty. We specialize in buying gold and selling gold, due to the fact that we know the intricacies of the trade. Because we will buy gold for cash using the fair market value of its spot price.  Thereby, giving you a much higher price than any other pawn shop or jewelry store will give you in Chandler, Mesa, Gilbert or Queen Creek. We have never led a customer astray.  And there is never any obligation to accept our cash offer after our assessment.  However, buying gold is our business, and we want to leave our mark on history by not following in the footsteps of those seeking to rip off the customer. If you seek a fair valuation and cash for gold, then come visit us today.