Understanding The Precious Metal Market
The record-breaking gold boom has prompted many people to liquidate their used, unwanted or broken gold jewelry in exchange for attractive payouts. Along with inflating gold prices, the world has also seen a meteoric rise in other precious metals such as silver, platinum and palladium. In fact, the precious metal market is the highest it’s been in thirty years.
Gold, Silver, Platinum and Palladium are often be found in Crowns, Bridges, PFM’s, PFG’s, Inlays, Onlays and other dental work. Cash for Dental Scrap pays out on the value of all the precious metal content found in your dental scrap.
Gold, platinum, palladium and silver bars.
There are many determining factors to take into consideration to fully understand the recent the value of gold on the open market. Here are a few reasons that have led to gold and other precious metals’ recent inflation:
A Troubled Economy — When the dollar weakens the price of gold and other precious metals rises.
Precious Metals & Oil Prices Are Connected — Oil producers often buy gold and other commodities to diversify their portfolios. Because oil producers have seen an increase in earnings they have more money to invest in gold and other precious metals. This causes demand to rise which results in an increase in the price of Gold, Silver, Platinum and Palladium as well.
A Decline in Gold Production — Recently there has been a decline in Gold Production. That means that there is a decrease in supply without a corresponding change in demand. Therefore, we have the same demand for gold with less supply, hence an increase in gold’s value.
To learn what precious metals you have in your possession, request a complimentary appraisal and we’ll send you our secure, prepaid Safepak so you can safely ship us your Dental Scrap without any hassle. Within 24 hours of receiving your SAFEPAK, we’ll send you an offer. We guarantee you’ll be satisfied or we’ll return your material to you. No questions asked