Gold, Gold Bullion, Silver Bullion At a Pawn Shop In San Jose, CA

Gold Bars Stacked On Each Other
Gold Bars Stacked On Each Other

Bullion is a non-ferrous metal. Non-Ferrous metals are alloys or metals that do not contain iron. All pure metals are considered non-ferrous. Bullion is refined to a high standard of purity. It is used in the production of coins and gold and silver bars. Bullion can also include platinum and other derivatives.

Bullion is bought and sold worldwide, but the London Bullion Market is known as the primary global market trading platform for gold and silver.

Real Gold

The Integrity Standards for Gold Bullion

The London Bullion Market Association operates as an international trade association. It coordinates activities of its members in the London bullion market and sets and promotes quality stands for gold and silver bullion bars. According to the London Bullion Market Association, the acceptable fineness of the Good Delivery Bars is 99.9% for gold and 99.9% for silver bars. The Good Delivery specification is a set of rules issued by the London Bullion Market Association.

The World Gold Council is a market development organization for the gold industry. It is involved across all parts of the gold industry, from mining to investment. Its purpose is to stimulate and sustain demand for gold. The World Gold Council and the London Bullion Market Association are working together to develop and implement an international system of gold bar integrity.

Investment Portfolios

Investment portfolios are a collection of financial investments like stocks, bonds, commodities, cash, gold, and silver acquired to obtain an additional source of income or gain profit over time. Congress authorized United States Mint Bullion Coins to provide investors with a convenient and cost-effective way to add physical gold, silver, platinum, and palladium to their investment portfolios.

American Eagle Bullion Coins

In 1986 the American Eagle Bullion Coin Program was launched and started selling American Eagle Gold and Silver Bullion Coins. in 1997, Platinum was added, and by 1917, palladium was added.

American Buffalo Bullion Coins

By 2006 under Pubic Law 109-145, the “Presidential $1 Coin Act of 2005,” the American Buffalo Bullion Coin was released and is one of the purest gold coins available, with a purity of 24k gold. The act established the guidelines for the coin’s design, production volume, price, legal tender status, gold sourcing, and more.

The Act says that James Earle Fraser’s designs for the ‘Buffalo Nickel’ will be used on the obverse and reverse sides of the $50 coin. All the gold needs to be sourced from the U.S. or in a U.S. territory within a year following the month the ore was mined in. It designates the coin as legal tender and specifies the coins as “numismatic items.”

"Numismatic Value"

Numismatic value is what a coin or coins are worth to a collector. The numismatic value is different from than melt value which is the value of the metals that the coins contain. When valuing coins, they have a value due to their collectibility and the value of the metal they are made from.

June 6th 2022 gold prices

Gold Prices, Silver Prices, Bullion Prices

The price of precious metals is affected by supply and demand, the rate of return for the recipient of the metal, the spot price, and the likely cost of storing and transporting the precious metal. The spot price is the price per gram paid at any time. The spot price of gold or other metals is real-time prices.

The spot price fluctuates daily and throughout the day. Suppose there is an increased demand and low supply, and the price increases. Gold price and other metals pricing also are dependent on future contracts. Inflation, the economy, world events, and supply and demand contribute to the increase and decrease in the price.

Bullion is valued by the value of the precious metal its made of. The most common forms of bullion are bars and ingots, and coins. Bullion comes in gold, silver, and other metals, and gold bars are easily added to investment portfolios for a balanced portfolio.

Bullion and bars are also easy to store and don’t take up much room.

Troy Ounce

The system of a unit of mass primarily used to value and weigh precious metals originated in England during the 15th century using the weight units grain, pennyweight, troy ounces, and the troy pound.

Troy weight was made official for silver and gold in 1527. However, in 1824, the British Imperial systems of weights and measures were established and adopted into the United States as the official weight standard for U.S. coinage by the Act of Congress in May 1828.

The only modern and widespread use of the troy ounce is the British Imperial troy ounces and its American counterpart. In other countries where the International System of Units is mainly used, troy ounces are still used in precious metal markets. A troy ounce is mostly how physical bullion is measured today.

When someone wants to buy or sell gold, the gold is weighed, and the weight is calculated in troy ounces. The market value price of gold or other metals is used to determine the value after the purity of the precious metals is determined.

Pawn Shops will buy, sell, and use gold, silver, gold bullion, silver bullion, gold coins, gold jewelry, and other precious metals to secure short-term loans.

R&J Jewelry and Loan Logo

R & J Jewelry and Loan

R & J Jewelry and Loan, located in San Jose, CA, is in the business of providing full-service pawn services. The shop offers a full range of pawn shop services, and an investor can find the precious metals they are seeking for a balanced portfolio to set up as a hedge against inflation.

The family-operated store has continually built a reputation for personalized services and an extensive inventory of gold, silver, bullion, and luxury items. Since 1978 expert pawnbrokers have offered real money for high-end personal items, and fair and reasonable offers are how they do business.

For more information, visit: https://www.randjjewelry.com/

What Are Gold Buyers Near the San Jose Area That Pay Top Dollar?

Gold Bars lying On Top Of One Hundred Dollar Bills
Gold Bars lying On Top Of One Hundred Dollar Bills

Do you need a short-term loan or want to find a trusted gold buyer that will pay you top dollar for gold or precious metals you want to sell? In San Jose, there are different options. Pawn shops, online dealers, and exchanges all buy and sell gold.

When shopping for a good price on gold or silver, don’t forget to stop by one of the pawn shops in the San Jose, CA area.

diamond jewelry

R&J Jewelry and Loan

R&J Jewelry and Loan is located in San Jose, CA, and provides pawn services to the Los Gatos, Santa Clara, and surrounding areas. If you are in the market to sell your silver bullion, gold jewelry, platinum, gold, fine jewelry, or coins, the pawnbrokers at R&J Jewelry and Loan will work with you to give you an honest appraisal and get you the money you need.

Gold and silver prices are based on the spot price, which is the current market price of the precious metals if those metals were bought and delivered “on the spot.”

In addition to the spot price, there are premiums to consider, and this amount may vary depending on location and what precious metal you are trying to liquidate.

3D illustration of gold ingots over black background with a chart. Financial concept, horizontal image.

Other Gold Buyers

You can locate silver dealers and other gold buyers online, but some drawbacks. When you sell to a buyer online, you must know what purity your precious metal is and its weight.

You then have to mail it to the business and wait for them to appraise it and weigh it.

Once an amount and offer are provided, and you agree to the transaction, you will need to wait for payment.

Most exchanges are honest; however, be aware some might hustle a bit and say that the precious metal you sent in has other metals in it and not the purity you said, giving you less money in the long run.

Have you looked in your closet, home safe, jewelry box for gold bullion, old gold jewelry you don’t wear, or gold and silver coins?

When sold to R&J Jewelry and Loan, these luxury items bring the highest price.

The owner ensures that all of his team are experts in getting you the best price for your precious metals.

They also offer collateral loan services and a large inventory of high-end designer items. If you are interested in buying gold, they can help.

Collateral Loans From a Trusted Gold Buyer - R&J Jewelry and Loan

Obtaining a short-term pawn loan from R & J Jewelry & Loan pawn shop is simple, discreet, and absolutely secure.

“Our focus is to help our local community meet their day-to-day cash needs through Collateral Pawn Loans.”

We offer a low-cost alternative for anyone who would like an immediate cash loan today. Your own valuables act as the collateral for your loan.

We are a licensed and bonded pawn shop, which means that when you do business with us, you get peace of mind in the process.

We provide immediate short-term solutions to your cash flow needs! Use your assets to secure direct funding! We accept a wide variety of pre-owned jewelry, and we will always work with you to meet your financial needs.

Gold Bars And Gold Watch Sitting On Top Of One Hundred Dollar Bills

Selling Assets To An Honest Pawn Shop - R&J Jewelry and Loan

R & J Jewelry & Loan pays cash for various products. Gold, diamonds, jewelry – you name it, we can help. When you come to our pawn shop in San Jose, CA, you can be sure you’re dealing with EXPERIENCED and dependable professionals. Trade your unwanted items at our pawn shop.

With a GIA-trained gemologist with many years of experience, you can rest easy knowing you’re receiving a fair, competitive offer when you’re looking to sell jewelry.

You can instantly exchange your diamonds and receive cash on the spot.

We will buy, sell, and trade items like Jewelry, Gold, and Luxury Accessories.

R&J Jewelry & Loan Logo

Buying From a Place that Has the Best Price on Luxury Goods - R&J Jewelry and Loan

Gold and Silver, Coins, Gold Bullion, Silver Bullion, and Fine Jewelry

Jewelry underscores your personality. For this reason, we carry silver, gold, platinum, and precious stones to have the right piece for your individual taste. Special orders and custom designs are available for those looking for unique, one-of-a-kind pieces.

Diamonds

Our GIA-trained gemologist with many years of experience has appraised each diamond that comes into our store, providing you with the confidence that what you are buying is the “real deal.” We have gold rings, diamond engagement rings, and beautiful watches available at an affordable price. Why buy new when you can purchase a one-of-a-kind piece at the best price in San Jose, CA 95125.

Watches

Looking for a Rolex or other designer watch? Our watches are more than an instrument for telling time; they say something about you, the owner. Fine watches such as Rolex, Cartier, Patek Philippe, Richard Mille, Hublot, Audemars Piguet, IWC Schaffhausen, Blancpain, Omega, and others are available for purchase. We also have vintage watches, especially sports models and chronographs, pocket watches, etc.

Luxury Handbags

The beauty of a luxury handbag is beyond measure. Designer handbags, purses, and accessories made by Louis Vuitton, Chanel, Prada, HERMÉS, Birkin, YSL, Yves Saint Laurent, Gucci, Fendi, Dior, Givenchy delight our customers when they want to find a handbag at a reasonable price. We offer the best prices if you want to come by and purchase one to add to your collection.

Jewelry Store in San Jose, CA

History Of R&J Jewelry and Loan the Best gold buyers - San Jose

We have been a family-owned and operated pawn shop since 1978. We have built our reputation on personalized services and our extensive jewelry selection in various price ranges.

We strive to set ourselves apart from other pawn shops by offering real money for your personal items.

Fair and reasonable offers are how we do business.

At R & J Jewelry & Loan, we will buy your items or give you a cash loan to get you through the rough times.

Come in today and see what we have to offer. We would love to see you!

How To Sell Gold and Silver Bullion and Coins.

With the price of gold and silver going up and then down a bit, how do I know when to sell and when to buy?

The adage of selling high and buying low applies to almost everything in the commodity market. Gold dipped to $1835 per ounce and then shot back up to its highest price in March 2022, selling for $2056 an ounce. Watching the market and the spot price of precious metals is the key to getting a fair price for your old silver, gold, and silver coins, silver bars, scrap silver, sterling silver, bullion, and other precious metals.

Why is gold and silver spot price going up and down?

In late February 2022, the USA warned that Russian intended to invade Ukraine. There is tension all over the world with what is going on abroad. The United States has sent troops from Ft. Bragg, NC, to Poland as a part of NATO to help Ukraine people flee to safety. The U.S. is supportive and has sent Ukraine ammunition, small arms, and other defensive weaponry.

During times of global tension, the market price of gold and other precious metals goes up and will fluctuate as situations change.

According to experts, the federal interest rate is expected to continue to rise at least six times during 2022. It is presumed that the interest rate will be greater than it has been since 2005.

Since March 2020, the feds have purchased $4.5 trillion in treasury bonds and mortgage-backed securities to stabilize the financial system and lower long-term rates for consumers and businesses.

Inflation is here and ugly right now, contributing to economic uncertainty and how the spot price of gold and silver fluctuates.

Bank loans will cost more, gas prices are soaring, and food prices and supplies are waxing and waning, contributing to how consumers spend their money. Things like farm equipment, employees, etc., are reduced so businesses can watch their spending.

Individuals and companies are trying to save because interest rates may increase even more. When individuals and companies take a conservative approach to spend their money, money becomes less available, and spending decreases.

Spending Cautiously

Consumers are more likely to approach spending with safety. They are slow to burn through reserves right now, anticipating a rise in interest rates and other risks that may be on the horizon.

These things all affect gold and silver spot prices, and buying them is an investment during periods of political and economic uncertainty. Half of the gold consumption in the world is in jewelry, 40% in investments, and 10% in industry.

Gold holds its value in weak economic environments.

Investors are flocking to gold and silver bullion during the last year to protect their business and personal wealth. Gold and the U.S. Dollar

As the U.S. dollar rises in value, the value of gold falls. The same is true inversely. The strength of the U.S. dollar is related to interest rates. Gold may be far more efficient than cash as storing wealth. When you look at inflation, currency may lose value.

Gold is recognized as having a long-term record of stability, and investors are making it a part of their investments today.

Spot Price, What is it?

When buyers buy gold, sellers will raise the price, and buyers will buy lower if sellers are flooding the market. The influences on the price are extensive.

When the geopolitical and economic situations are tense, gold prices go up and the current silver price. Currency markets are a driver in the spot gold price. As the dollar rises, it makes gold relatively more expensive for foreign buyers and can cause declines in the spot price. Inversely, gold prices rise as the dollar weakens, and gold is less costly for foreign investors.

The price of gold and silver is based on someone buying the precious metal “on the spot” or, in other words, at a specific moment in time, it is paid for and delivered. The price will fluctuate with the market.

If you want to sell your silver or gold, remember to sell it when the price is high, so you get the most money possible. If you will buy silver or gold, make sure that you do so when the market price is lower to invest in for future sales.

Troy Ounce

Gold and silver are bought in a troy ounce. A troy ounce is a unit of measurement and equals 31.1034768 grams or 1.09714286 ounces.

Purity

Gold price is based on 24k gold or the purest form of gold at 99.9% pure. Like gold, silver prices are based on pure silver or .999 silver. The object will be marked 999 or 99.9% pure silver.

How the spot price is calculated is critical to understand as you get ready to buy and sell gold and silver because you will get paid according to how much silver and gold are worth on the current market at a specific moment in time.

Knowing that the price is based on the purity of the precious metals makes it possible for you to determine what a fair price would be to compare prices when trying to sell online or in-person like to a local pawn shop.

Several places buy and sell silver and gold. Most of the valuable silver items you find on the market are made of sterling silver, containing 92.5% silver. Pure silver is too soft and malleable for making jewelry, flatware, and other objects. The same is true for 24k gold, and it is slightly softer and scratches easily. This is why most jewelry is made from 18k, 14k, and 10k gold. You will also get a better price on jewelry made from 14k and 10k gold at a jewelry store because it is less pure. The purchase price of jewelry depends on the purity of the metal used in the jewelry and what gemstone is included.

Do Research Before Buying and Selling

Bullion coins, silver coins, silver bars, and bullion all sell well when considering selling precious metals. A bullion dealer, an online dealer, a local buyer, auctions, pawnshops, and private buyers will all buy and sell gold and silver.

Make sure that whomever you are dealing with is a reputable buyer.

You can research online reviews, check with the better business bureau, and look for details on a dealer’s website to decide if the shop you are dealing with is a safe place to sell and get a reasonable price.

Rising coins and blank shopping bags on black background. Rising prices or inflation concept. Mock up
Online Dealer

There is always a long list of online dealers when you search for selling gold and silver. Online ads will pop up regularly saying where you can sell your silver and gold. Selling your silver and gold online is an excellent way to do comparison research, and it allows you to interact with different dealers worldwide. You can compare silver prices.

Online dealers buy numismatic coins and bullion coins throughout the world. They will often give the best price but remember, a sale will involve shipping costs. Goldsilver.com is an easy place to buy and sell silver online but remember you will have to wait for payment, so the payment isn’t instant.

Coin Shop

A local coin shop or coin show may be an option to buy and sell silver and gold. Coin shops also have a retail market they work with, and they know what a fair price is for collectible coins. Silver coin shows are a great place to take your silver coins if you want to sell them. These shows have interested buyers, so you may be able to move your coins quickly. It’s also fun to see the random collection of coins.

Private Buyers

Private buyers on Craigslist or online will also buy silver and gold. Private buyers may be willing to say they will pay more for high-quality items, but there is always the risk associated with private buyers. Safety is vital in these transactions.

diamond
Online Auctions

Online auctions like eBay can be another place to sell your gold and silver. These have large audiences multiple bids, and you could get a good price, or it could be undersold as well. Unique silver items like antique silver flatware may do well on an auction. Multiple bids can help in the selling process, but you will still have to wait for your funds until after the auction closes and a deposit is made.

Pawn Shops

Pawnshops are an excellent place to visit if you are in the market to sell or buy silver and gold. Having experts who know coins, silver coins, gold, fine jewelry, scrap silver, silver bars, silver bullion, sterling silver, junk silver, and bullion coin, pawn shops are considered gold buyers.

Pawn stores can be found locally, making it easy to visit and speak with an expert in person. They have large retail showrooms where they sell silver, gold, coins, sterling jewelry, and gold and diamond jewelry. Some pawn shops are like jewelry store with more affordable prices.

Because pawnshops have experts who can appraise your valuable silver, they can tell real silver from fake and what purity your gold may be. The selling process is easy because an offer is made once appraised, and you get cash immediately if you agree with the offer, and there is no waiting.

If you want the most cash you can get in an expedited process; a pawn shop may be the answer. If you have silver and gold jewelry you don’t wear anymore, and maybe they have silver markings, it may be an excellent time to gather them up and see what your selling options are at a pawnshop.

Pawnshops will appraise gold and silver items like silver rings with silver hallmarks, silver flatware, old silver, junk silver, sterling silver, gold bullion, gold coins, and more. They also consider luxury items like Rolex, diamonds, and luxury handbags.

As you look through your things and decide if you are in the market for buying silver or selling gold or both, look at what you have that might be silver plate, electroplated nickel silver, or sterling silver.

Silver plate and electroplated nickel silver may not be worth as much money but may have some value to a pawnshop. Plated silver will be marked with a PNS. Sterling silver will be marked with a 925 because it is 92.5% pure silver.

Scrap silver and scrap gold are worth money and typically are broken pieces of jewelry. The pawn shop will buy these items, act as the middle man, and send them off to a refiner for melting after they are purchased.

diamond jewelry

Living in San Jose, CA and Need a Reputable Bullion Dealer?

R & J Jewelry and Loan

At our family-owned and operated pawn shop since 1978, we have built our reputation on personalized services and our extensive jewelry selection in a variety of price ranges. We strive to set ourselves apart from other pawnshops by offering real money for your items.

Fair and reasonable offers are how we do business.

At R & J Jewelry & Loan, we will buy your items or give you a cash loan to get you through the rough times. We buy gold, silver, gold bullion, diamonds, silver jewelry, and luxury handbags and watches. We are a reputable dealer, and we will treat you somewhat, getting you the most money for your things.

If you have gold jewelry, silver with silver hallmarks, Rolex or other luxury watches, diamonds, silver jewelry, we want to offer you free appraisal services to get you the best price.

We also have an extensive retail store with affordable prices to buy valuable silver items, gold items, luxury watches, or other fine jewelry if you are in the market.

Here at R & J Jewelry & Loan, we pay cash for a wide variety of products. Gold, diamonds, jewelry – you name it, we can help. When you come to our pawn shop in San Jose, CA, you can be sure you’re dealing with EXPERIENCED and dependable professionals. Trade your unwanted items at our pawn shop.

We will buy, sell and trade all types of items like Jewelry, Gold, and Luxury Accessories.

Gold Buyers San Jose & Loan will buy Gold Bullion in San Jose, diamonds, and jewelry, and the pawnshop accepts unwanted things.

We will purchase, sell, and exchange goods. We are the leading Gold Coin Buyers in San Jose, CA, to buy your scrap gold.

Clear said, “We are currently buying gold in any form or condition, including coins and jewelry. Fair market prices paid, no games. Bring your gold to our pawn shop in San Jose, CA, and get instant cash on the spot.”

Reviews Say It all When You Do Comparison Research
Loans

Fantastic service. I needed some bridge loan funds for a couple of months. Brought in my Patek and A.P. and was funded that day They worked with me, very professional. I picked up my watches last week, never could be more happy.”

Jewelry – Retail

For being a pawn shop, the jewelry and display setup they have is very impressive. They offer a surprisingly wide selection of jewelry for both men and women, and you can ALWAYS catch a good deal. I wanted to get a new watch, so I stopped in, and sure enough, I was able to find a great deal on a lightly used Rolex that I loved!”

Please stop by and see us today!