Gold is down to a 4-year low, the hotel buyers have gone home and most people have already cashed in on their scrap gold. But there are still many other things of value that gold buyers won’t buy. Belle Roche Estate Jewelry Buyers buys more than gold. For example, below is an antique necklace made from faux tortoise shell and a shell called cat’s eye operculum. No gold or silver but it has value.
As quoted from The Economic Times, June 21, 2013
SINGAPORE: Gold recovered from a three-year trough on Friday as lower prices attracted Chinese buyers and as Asian stocks fell, but the metal was still headed for its worst week in nearly two years after the Federal Reserve said it would curb stimulus.
Gold for immediate delivery fell over 5 per cent on Thursday, along with other commodities and global stock markets, a day after Fed Chairman Ben Bernanke said the US economy was strong enough for the bank to wind down its bond-buying programme.
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As reported in the Indian Express on May 24, 2013:
Gold prices edged lower on Friday as the dollar and equities regained momentum after a volatile trading session the day before, and as holdings in bullion-backed exchange-traded funds fell to fresh four-year lows.
* Spot gold prices fell 0.17 percent to $1,388.36 an ounce by 0030 GMT, not far off two-year lows of $1,321.35 seen in mid-April.
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New York Spot Price June 18, 2012:
$1618.20 per ounce