Looking for a trusted, licensed, and local gold dealer? An increasing number of people are purchasing or selling this precious metal and taking advantage of its high-value potential and protection against inflation. Whether you want to buy gold as an investment or sell it at the best prices in town, our team at St. Louis Park Gold & Silver can help.
Throughout history, gold has always been a coveted asset. Its beautiful yellow hues and malleable properties have led to gold being used to make jewelry, coins and artistic pieces. The desirability of gold hasn't gone away--people still get overwhelmed by the sight of a golden trophy or gasp in awe when they hold a gold bar.One of the main reasons why gold is so treasured is its value. When the general cost of living increases, so does the price of gold--over the course of just five years (from 2016 - 2020), its value escalated by nearly 40%, ranging from about $1,1000 to over $2,000 per ounce. While some people are buying and saving gold with the hopes of getting a nice payout in a few years, others are digging up their old jewelry and collectibles for selling purposes. Both buying and selling gold can be a great way to diversify your assets--assuming you're getting a fair price for it.The value of gold depends on several factors, such as the current supply and demand, the number of karats and the form your gold is in. Because its value fluctuates on a daily basis, it's important to make sure that you're working with a trusted, reputable exchange.