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                    [title] => Is There A Gold Bubble?
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With a few weeks of almost unprecedented growth in the price of gold throughout the global gold market, it is not surprising that some analysts are starting to see this growth as a gold bubble. In our post recession global economy it is very hard to see any consistent and large growth in a commodities market as anything but a bubble waiting to burst and lose profit any moment now.


Some analysts have started touting oil as the new gold noting that oil tends to ignore the fundamental realities of global economies. Word is that investing in oil continues to be far safer than putting one's money in the currently topsy-turvy stock market or in the post debt ceiling questionable United States Treasury. Of course looking for a safe house is one thing. Looking for a way to quickly generate some cash is another. If that is what you are hoping to do the gold market still seems like a safe bet.

If you are hoping to turn over some gold into cash now is still a great time to visit a NYC gold refiner and make the switch. We don't know if and when a bubble will actually pop but at the moment it remains the best time ever to trade in some gold at NYC gold refineries.

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Some might think that with the price of gold soaring and the amount of economic angst in the markets that actual sale of gold jewelry would be suffering, but it is starting to appear like that might be wrong. Recent reports from dealerships and gold refineries in New York and New Jersey seem to suggest that while people are still selling out of date and unfashionable pieces they are still being asked to make and design new pieces for buyers.

This is because gold is always desirable and while the markets may be rattled people with wealth are not feeling particularly compelled to hide that fact. Entertainers and artists stills seem content to "floss" for the camera as the popular lingo goes. You rarely see the cast of the Jersey Shore or Kanye West without some sort of jewelry and that is because for them culturally decadence is what the public expects. Even in harder times.

So at the moment a NYC gold refinery is experiencing the best of both worlds. A satisfying and consistent influx of gold from sellers and quick turn over into new product for buyers. What is truly surprising is by most accounts there is no sense that this gold thing is any sort of economic bubble that might pop.

[author_id] => 2 [date_published] => 2011-08-12 00:01:00 [date_added] => 2011-08-11 09:01:34 [date_updated] => 2018-12-20 11:11:57 [status] => pub [tag] => Array ( [0] => Gold and Silver News ) [comments] => Array ( ) ) [2] => BlogArticle Object ( [_table:protected] => blog_articles [validations:protected] => Array ( [title] => Array ( [required] => Please provide a title. ) [content] => Array ( [required] => Please enter the article contents. ) [date_published] => Array ( [date] => A valid date is required. ) ) [_db:protected] => [_validator:protected] => [_loaded:protected] => [_guarded:protected] => Array ( ) [_allowed:protected] => Array ( ) [_query:protected] => Array ( [primary] => id [fields] => * ) [_changed:NiftyEngine\Model:private] => Array ( ) [id] => 3599 [title] => Forbes Believes the Fed Should Sell Gold To Prevent A Run on the Bank; [slug] => forbes-believes-the-fed-should-sell-gold-to-prevent-a-run-on-the-bank [content] =>

Forbes Magazine has been covering the current economic situation very closely. As of yesterday they shared the idea that the U.S. Federal Reserve Bank should consider selling some of its massive gold reserves. With the economy taking forever to recover, people have become used to the constant anxiety. However, this does not prevent the 'run on the bank' mentality shared by investors. It's believed that storing precious metals during an unstable economy is a bad thing. Those funds are not put into companies and working capital.

While gold is not currency, the U.S. dollar is suffering in value. Gold is a useful back-up. This gold could also be infused into markets to intervene run-away prices.  Gold has helped the U.s. and international markets for decades. At this point in time the value of gold goes up. If you consider the prospects, selling gold in NYC now is wise. You want to get the best possible prices for your gold and silver jewelry. If gold does get released into the markets you can say goodbye to your opportunity.

NYC gold buyers are ready for you to come walking through their doors. They will buy, sell, and cosign gold. It's up to you to get what you can from your own personal reserves. In the same line of thinking as Forbes mentioned: storing gold does you no good in the present moment.

 

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Finally there was a compromise on the debt ceiling. A compromise that no one seems happy about, least of all the markets. So once again here we are to tell you that gold prices have once again spiked this time around uncertainty about a new recession. As of writing this post gold prices hit $1,700 an ounce based on worries that the government will not be able to grow their way out of debt.

Still not everyone is being so optimistic about the rise of gold prices. Several mining companies are getting pessimistic about the soaring prices and are beginning to try and lock in prices using derivatives. The effort comes after several years where miners attempted to get out of these sorts of deals in order to fully capitalize on the increasing price of gold. It appears that in the past two months the amount of gold being hedged is up. This means that producers are locking in the price for gold to protect the flow of cash entering their coffers.

So with that in mind today, or soon at least, could be an ideal time to hit up your local NYC gold refinery to trade in your under used pieces for some cash. If you planned on going to a gold refiner anyway now might be a good time to ensure a solid price on your unwanted gold.

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How many "Gold Hits A Record High" articles can be written? I mean it seems like literally week to week gold will not stop climbing the economic charts. Gold is the biggest thing in money right now for a few reasons but with the fears of a looming crisis as a result of political foot dragging on the debt ceiling it is hitting heights that would have been unimaginable just a few years ago. If the government does, as many fear, default on it's debt gold is going to become even more of a powerful currency indicator.

Investors worried about the United States government defaulting on it's debt are buying gold at record levels because it is a sure fire way to keep their investments locked into a safe area. Of course this philosophy has been maintained by gold refineries in New York for years now, it seems the world is catching.

Some folks continue to snub their noses at the every NY gold refinery preferring to put their confidence in the fact that a deal will be reached. Still, even if said deal occurs it will do so at a great cost and inevitably these issues will once again creep to the surface.

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Is There A Gold Bubble?

With a few weeks of almost unprecedented growth in the price of gold throughout the global gold market, it is not surprising that some analysts are starting to see this growth as a gold bubble. In our post recession global economy it is very hard to see any consistent and large growth in a commodities market as anything but a bubble waiting to burst and lose profit any moment now.

Read more →

Gold Refineries In New York, Booming On Both Ends

Some might think that with the price of gold soaring and the amount of economic angst in the markets that actual sale of gold jewelry would be suffering, but it is starting to appear like that might be wrong. Recent reports from dealerships and gold refineries in New York and New Jersey seem to suggest that while people are still selling out of date and unfashionable pieces they are still being asked to make and design new pieces for buyers.

Read more →

Forbes Believes the Fed Should Sell Gold To Prevent A Run on the Bank;

Forbes Magazine has been covering the current economic situation very closely. As of yesterday they shared the idea that the U.S. Federal Reserve Bank should consider selling some of its massive gold reserves. With the economy taking forever to recover, people have become used to the constant anxiety. However, this does not prevent the 'run on the bank' mentality shared by investors. It's believed that storing precious metals during an unstable economy is a bad thing. Those funds are not put into companies and working capital.

Read more →

Soaring Value With A Side Of Uncertainty In Gold

Finally there was a compromise on the debt ceiling. A compromise that no one seems happy about, least of all the markets. So once again here we are to tell you that gold prices have once again spiked this time around uncertainty about a new recession. As of writing this post gold prices hit $1,700 an ounce based on worries that the government will not be able to grow their way out of debt.

Read more →

Gold Climbs With Debt Ceiling Uncertainty

How many "Gold Hits A Record High" articles can be written? I mean it seems like literally week to week gold will not stop climbing the economic charts. Gold is the biggest thing in money right now for a few reasons but with the fears of a looming crisis as a result of political foot dragging on the debt ceiling it is hitting heights that would have been unimaginable just a few years ago. If the government does, as many fear, default on it's debt gold is going to become even more of a powerful currency indicator.

Read more →

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