According to the Bureau of the Fiscal Service, U.S. Government owned gold reserve at the values stated in 31 USC § 5116-5117 (statutory rate) which is $42.2222 per Fine Troy Ounce of gold. The market value of the gold reserves based on the London Gold Fixing as of September 28, 2018 was $310.5 billion. Any good consumer will consider the timing of their buying decisions. The question that almost every investor asks before acting on a gold purchase is are they ensured a good price now, and if so, will they be able to get a better price later?
Okay what does this say beside sounding like semantics right? Normally, gold seems to surge during the first couple months of the year. The price simmers down through the spring and summer, then takes off again in the fall. This means that on a historical basis, the most opportune time to buy is in the beginning of January, early April, or early July.
The one thing pawnbrokers will tell is that. gold is an asset, much like stocks with market values that are publicly traded. At any given time you can visit a Gems N' Loans shop in Escondido and be treated fairly when seeking to buy or sell precious metals.
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