Gold Shop Jewelers

05/12/2026

Five best flashlights for outdoor people

12/17/2014

Shamballa Bracelets from Gold Shop Jewelers.

03/31/2014

How can you make sure you get the best price for your precious metals?
Not all buyers are honest. So here are some tips to make sure you are an educated buyer and aware of some of the tricks to take advantage of you.

TIP: make sure you get at least 2 offers on your gold. Ask specifically for the following for each item so you can make a good comparison:
1) price per ounce on the NY spot market - also get time and date.
2) price per gram they are paying for whatever karats of gold you have.
3) the weight in grams for the piece they are buying - note some people weigh in dwt(pennyweights) and pay for grams ( that's 55.5% less in $s because there are 1.55 grams per dwt. So you need to see them weigh your item in grams. Note if possible weigh prior to going to buyer even if you only have a food scale.
4) Make sure you see them zero the scale with the specific container they use to weigh your item(s) and set the scale to weigh in grams. Buyers are required to use certified scales which can be easily set to weigh in grams. Caution - some buyers will zero scale with a container on the scale. They then put your item in a lighter container to weigh your item(s) cheating you out of the real weight of your item(s).
5) gold purity (10K, 14K, or 18K) of the piece they are buying and
6) price they are offering for the individual piece of gold they are buying.
7) Price they are offering for all the gold they are buying.

You should always get at least 2 offers with this specific information to make a good comparison. Be aware that some buyers manipulate either or both weigh and price per gram/pennyweight to confuse customers. Make sure they zero their scale and weigh your item in your full view and you can see the units of weight (grams or dwt). Be a good consumer - do the homework and get good value for your precious metals and diamonds.

Note that gold buyers pay a wide range of prices. Here is an article by Consumer Reports from 2009 that shows how wide that gap is and advice on how and where to sell your gold. Its several years old but the principles are still valid.

Consumer Report article Nov 2009
Cashing in gold? Here's the catch.
Last reviewed: November 2009
This article appeared in
November 2009 Consumer Reports Magazine.

With the price of gold near $1,000 an ounce, ads offering quick cash for gold can be tempting. You usually drop unwanted gold jewelry in a postage-paid envelope and a few days later a check is supposed to arrive in the mail. If you think the amount is too small, send the check back and your jewelry is returned at no charge. Often, we found, the amount may indeed be lower than you'd expect.

Our shoppers sent identical 18-karat chains and pendants (retail price $175; meltdown value about $70) to three gold buyers between mid-May and early July. They also took the gold to jewelry stores and pawn shops in Louisiana, New York, and Texas. The cash-for-gold companies paid 11 to 29 percent of the day's market price for gold; the other venues, about 35 to 70 percent. All the checks arrived a few days after the companies received the jewelry.

What you can do
Before you sell, make sure jewelry isn't antique and therefore worth more intact than melted down. Then:

* Calculate its worth. Note any stamped karat mark, then weigh the piece on a good kitchen scale. Go to the calculator atwww.dendritics.com/scales/metal-calc.asp and enter karats and weight to learn the value based on the latest gold price. (Gold is traditionally weighed in penny-weights or troy ounces; the calculator translates.) You can also check gold's price at www.kitco.com.
+ Call several jewelry stores, coin stores, and pawn shops to ask what they pay for gold. If they won't say, don't do business with them. Because the price of gold fluctuates, call all the stores on the same day. Most gold buyers, including those our shoppers used, offer more for larger amounts of gold and might negotiate. Try for at least 50 percent of meltdown value.
* Consider gold parties (guests gather with jewelry; a gold- company rep pays on the spot), refiners (look online for smelters), or online gold buyers (check their standing with the Better Business Bureau).

How much for this?
18-karat gold chain
and pendant

We paid $175. Companies offered:

Cash4Gold
$7.60-$12.72
GoldKit
$7.81-$20.59
GoldPaq
$8.22-$13.11
Other venues
$25-$50

Updated Dendritics Gold - Silver - Platinum Calculator. Current price of all karat precious metals. Choice of currency. Unbiased values since 1996. Phone/Tablet/Laptops.

03/27/2014

Gold as an Investment

Throughout history gold has been a store of value. According to the Talmud you should keep one-third of your assets each in land, 'business interests', and gold. This idea has a modern equivalent in the Permanent Portfolio theory which prescribes a mix of 25% each of Treasury bills, long bonds, stocks and gold. Most pension funds invest only in equities and bonds, with small allocations to property and cash. However, in recent years concerns have grown over the risks inherent in these asset classes, leading to increased interest in gold by hedge funds.

02/21/2014

Facts about Gold

Gold, like no other metal, has a fascinating history and a special place in the world. For thousands of years it has been used as an ornament of kings, a currency and standard for global currencies, and more recently, in a wide range of electronic devices and medical applications.

Gold's many unique properties have secured it a central role in history and human development. Gold is a remarkable, rare metal, with an unparalleled combination of chemical and physical properties. It is the only yellow metal and bears its name from the Old English word for yellow, 'geolu'. It is also the only metal that forms no oxide film on it's surface in air at normal temperatures, meaning that it will never rust or tarnish.

02/06/2014

1. There was a man, Mansa Musa, one of the wealthiest person in history, who spent so much gold personally in Egypt that he devalued gold and destroyed the country’s economy. – Source
2. 1 ton of discarded cell phones will yield more gold than 1 ton of gold ore. – Source
3. Chinese prisoners are forced to farm World of Warcraft gold. There are thought to be 100,000 full-time gold farmers in the country. – Source
4. The Olympic games used to include gold medals in categories such as architecture, city planning, sculpturing and statistics. The founder of modern Olympics, Pierre de Coubertin, himself won the gold medal in literature at the 1912 summer olympics. – Source
5. In 1955, someone dropped a >600 year old plaster Buddha statue in Bangkok, Thailand to discover the plaster was actually covering a solid gold statue. – Source

02/01/2014

WE are running a Valentine special of 40% off vintage jewelry and 25% our new pearl collection. Bring or refer to this facebook note to get special.
Thanks

01/31/2014

GOLD FUN FACT
Gold is used in window glass and astronaut helmets to reflect infrared rays while allowing sunlight to pass through, and at the same time keeping it cool.

01/31/2014

Gold as an Investment

Throughout history gold has been a store of value. According to the Talmud you should keep one-third of your assets each in land, 'business interests', and gold. This idea has a modern equivalent in the Permanent Portfolio theory which prescribes a mix of 25% each of Treasury bills, long bonds, stocks and gold. Most pension funds invest only in equities and bonds, with small allocations to property and cash. However, in recent years concerns have grown over the risks inherent in these asset classes, leading to increased interest in gold by hedge funds.

Coins

An advantage of coins is that they are easy to sell anywhere in the world. People will buy coins without assaying them which is not the case with gold bars. The premium over the spot price of gold is somewhere between 3-6% for a one ounce coin, although higher for smaller coins. For a 1/20 ounce coin the premium could be as high as 40%.

Markup
Ounces
5%
1
8%
1/2
12%
1/4
20%
1/10
40%
1/20
Bars

The premium over the spot price for bars is around 2%. Unfortunately it is easy to produce fake gold bars using tungsten, which has the exact same density as gold making a fake bar salted with tungsten indistinguishable from a solid gold bar by simply weighing it. Because tungsten is brittle it is hard to do this with coins.

Jewelry

In Asia and the Middle East many people buy jewelry as an investment. It is possible to buy 21K, 22K and 23K gold jewelry at around 5% over the spot price.

Exchange Traded Funds

It is possible to buy shares in a gold ETF called GOLD, which has the ticker symbol GLD. The shares are priced at the mid point between the buying and selling price of the spot price of gold.

IAU, SGOL and PHAU are 3 other gold based ETFs similar to GLD. PHAU is based in London.

UGL replicates, net of expenses, twice the performance of gold bullion.

DGZ is an ETN that shorts the gold price. DZZ double shorts gold.

GDX tracks the AMEX Gold Miners index.

There are several disadvantages to this way of owning gold. While the expenses of the gold ETF are low, the Trust will have to sell part of its gold stores to pay these expenses. Thus, over time, the fractional amount of physical gold represented by each share will decrease. Indeed it is not clear how much, if any, gold GLD actually possesses as it is never audited.

The Central Fund of Canada,(CEF) is based in Canada and holds gold and silver on behalf on investors. Its holdings of gold are audited and it trades at a premium over its NAV, unlike to ETFs.
Futures and Options

The principle futures contracts are YG, YI, ZG GC and SI.You can also buy and sell options on these contracts.

01/31/2014

Gold Colors

Gold is bright yellow and has a high luster. Apart from copper and caesium it is the only non white colored metal. Gold’s attractive warm colour has led to its widespread use in decoration.

The arrangement of outer electrons around the gold nucleus is the reason for the yellow color; to be precise, the transition of electrons from the d band to unoccupied positions in the conduction band.

Finely divided gold, like other metallic powders, is black; colloidally suspended gold ranges in color from ruby red to purple.Gold can mixed with other metals to give it different colors.

White gold is very popular right now. It can be in 18-karat or 14-karat gold (but not in 22-karat, as it is yellow gold). There are two basic types of white gold alloys: white gold mixed with nickel and white gold mixed with palladium. Nickel can be mixed with gold to create a white or gray color, but some people have an allergy to nickel. Palladium is another metal used to create white gold. Palladium is better but it costs more. To enhance the whiteness, almost all white gold is plated with rhodium, a shiny, white metal which is extremely hard. Depending on the amount of wear to a piece of jewelry, over time this rhodium plating may wear off, revealing the original metal color.

Copper creates pink and rose tones in gold.The more the copper, the deeper will be the effect.

Greenish shades are created by adding silver to gold w hile excluding copper from the mix. 18K green gold can be made from 75% gold and 25% silver. Cadmium can be incorporated to vary the tint of green. So combining 75% gold and 23% copper with 2% cadmium creates a light green, while 75% gold, 15% silver, 6% copper and 4% cadmium creates a dark green.

Rose gold and Green gold can be 18-karat or 14-karat but the color is stronger in the 14-karat alloys.

Purple gold. It is referred as amethyst or violet gold. Purple gold is obtained by mixing gold and aluminium in a certain fixed ratio. Gold content is almost 79% and therefore it is qualified to be referred to as 18K gold.

Blue gold is made as an inter-metallic compound between gold and indium . The gold gets a bluish hue color with this process.

Black gold is created using a few techniques. Electro-deposition using black rhodium or ruthenium is the first technique. Controlled oxidation of Carat gold containing cobalt or chromium can also be made to create black gold. Amorphous carbon is also used some times, with the Plasma Assisted Chemical V***r Deposition process.

Chocolate gold is derived from a relatively new method created in Italy. Referred to as physical vaporization and deposition, it entails placing gold (usually rose-colored) in a suction compartment and blasting it with electrodes. This approach causes the gold's surface to oxidize in a controlled environment, resulting in the metal's color changing at a molecular level and producing a rich chocolate color. This permanently alters the metal and can only be removed by scraping off the outer layers

ALLOY NAME COMPOSITION
Blue Gold 18K 75% Gold
25% Iron
Yellow Gold 14K 58% Gold
4-28% Silver
14-28% Copper
Yellow Gold 18K 75% Gold
10-20% Silver
5-15% Copper
Yellow Gold 22K 92% Gold
4.2% Silver
4.2% Copper
Green Gold 18K 75% Gold
11-15% Silver
13-0% Cadmium
Red Gold 18K 75% Gold
25% Copper
Sterling Silver 92.5% Silver
7.5% Copper
White Gold-1 90% Gold
10% Palladium
White Gold-2 75-85% Gold
8-10% Nickel
2-9% Zinc
White Gold - 14Kt A 58.3% Gold
17% Copper
17% Copper
7.6% Zinc
White Gold - 14Kt B 59% Gold
25.5% Copper
12.3% Nickel
3.2% Zinc
White Gold - 18K 75% 8.5% Silver
1% Copper
5.5% Zinc