Baltimore (410) 837-0290
Washington, D.C./Chevy Chase (301) 718-4825
Northern Virginia (703) 714-9553
Go Back
Jewelry

This Baltimore jeweler says to cash in on gold while it’s hot

Mar 13, 2020

The article below was published in the Baltimore Business Journal on March 13, 2020. To view it on the BBJ website please click here

Gold prices are at a record high, making this your golden opportunity to sell. What’s driving up the price? There are a few events to which we can attribute the spike, the most obvious being what Warren Buffet recently termed the “one-two punch” of the ongoing oil price war and the COVID-19 pandemic.

These two events have caused U.S. markets, and the broader global economy, to fall nearly 20% in a matter of days. When the markets experience volatility like this, demand for gold and other precious metals tends to increase, driving the price higher. As of Friday, the price of gold is at its highest level since 2012 — and if past “gold rushes” are any indication, this won’t last.

That said, now is the ideal time to sell your gold or other precious metals, because once the markets see a recovery and begin to surge, demand for gold will fall, and with it, the price of gold.

While you may think you don’t have any gold to sell, take a moment to reconsider. At Samuelson’s, we hear stories every day from people who forgot that they inherited gold jewelry, coins or watches, or that they purchased gold bracelets, necklaces or even gold bullion years ago. If that piece of jewelry happens to have a “stamp” (like Tiffany & Co., Cartier or Bvlgari), it may be worth even more.

So, dig through your closet, couch cushions and jewelry drawers to find that gold bracelet or chain you never wear and capitalize on the 2020 gold rush now. We don’t know how long it will last, but we do know it won’t last forever.

Ron Samuelson is the third-generation owner of Samuelson’s Diamonds and Estate Buyers in Pikesville.

Read The Latest News From Samuelson's

Everything You Need to Know About Selling a Diamond Ring

Jan 11, 2021

Everything You Need to Know About Selling a Diamond Ring Diamonds are forever - except for when they’re not. Whether you’re choosing to sell because of a divorce, because times are hard and you could do with some extra funds, or because you want…

Read More

Product Highlight: AGL Certified 7.31 Carat Ceylon Blue Sapphire & Diamond Ring

Dec 22, 2020

Product Highlight: AGL Certified 7.31 Carat Ceylon Blue Sapphire Platinum Diamond Cocktail Ring One of the hottest shows on streaming television right now is Netflix’s The Crown. If you’ve been watching the fourth season, you’ll know Princess…

Read More

Product Highlight: GIA Certified 4.29 Carat Pear Brilliant Platinum Diamond Engagement Ring

Dec 17, 2020

Product Highlight: GIA Certified 4.29 Carat Pear Brilliant Platinum Diamond Engagement Ring Every once in a while, we get a true showstopper that stops us in our tracks. That’s the case with this stunning brilliant pear diamond. With 4.29 carats…

Read More

Why Diamond Stud Earrings Are the Perfect Holiday Gift

Dec 10, 2020

Why Diamond Stud Earrings Are the Perfect Holiday Gift There’s a reason why diamond stud earrings make for a perfect holiday gift. They’re long-lasting, they’re durable, and they can be worn everywhere. And the beauty of diamonds is that there…

Read More

Stay In Touch