Precious metals can be found in a great many forms. Gold, silver and platinum are used extensively in jewelry and also in coins from all over the world, past and present. These metals are also efficient conductors of electricity and are used in many electronic applications ranging from computers to medical equipment. Even artwork and ornamentation is no stranger to precious metals. The scarcity of these metals makes them valuable, and this value has always increased over time relative to other commodities.
Throughout history, during economic or geopolitical turmoil, precious metals not only retain their value, but appreciate and an accelerated rate. With many nations dangling on the precipice of major conflict with the potential to escalate into a worldwide war, the troubles yet to come are definitely reason enough to invest in precious metals now. Seen as a secure investment by many, gold, silver and platinum coins and bullion are always in high demand. As stock markets rise and fall, the dollar strengthens and weakens, and geopolitical turmoil reaches a fever pitch while consumer debts reach unprecedented levels, people seek the confidence of owning precious metals like never before. At Metro Pawn & Gun, we are happy to be part of this equation.
If we look at the performance of gold from the year 2000 till present, gold continued to rise in value from around $300/ounce in the year 2000 to nearly $1900/ounce in 2011, coinciding with a peak in global financial uncertainty and insecurity. As the world stabilized, so did the price of gold. At $1906/ounce as of today, April 29th 2022, your $300/ounce investment in 2001 has definitely paid off!
How can Metro Pawn & Gun help?
If you need to sell or pawn any form of precious metals, we will make a fair market offer. If you are looking to buy, we have a tremendous inventory of coins, jewelry and bullion available at any given time. Whether you need some quick cash or are looking to add to your stash of investments, we can help. As we move through 2022 and the uncertainties in the world’s geopolitical situation, we continue to provide our clients the opportunities availed by the precious metal market. Stop in and see us today!
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