Add the DJ business to the long list of unemployement sectors that have been hard 
hit in the economic slowdown.
DJ Anthony Ghosh, aka DJ Talent, has been forced to sell gold teeth, and he sure does have a lot of them. To quote the scratch master himself “It’s a big decision getting rid of my teeth and could actually cost me my career, as I don’t know if I’ll be noticed with white teeth.”
Good luck DJ!
Most of us have some old jewelry or scrap gold laying around in our jewelry boxes or drawers. Tangled necklaces or bracelets that were purchased years ago that you no longer wear are prime targets to get rid of. With gold prices soaring this year and the average consumer needing cash, people are turning to online pawn shops to sell their gold and jewelry without the hassle of heading down to a traditional brick and mortar pawn shop. Now is the perfect time to sell scrap gold and get cash!
According to a report from Morgan Stanely, and posted on Bloomberg.com gold may climb above $1,000 an ounce in 2011 as global mine output drops, mining costs rise and demand increases.
Gold more than doubled in the past six years and reached a record $1,032.70 an ounce March 17 as the dollar slumped and oil advanced, increasing concern inflation would accelerate. In the past eight months, the precious metal plunged 31 percent as the dollar rallied, oil collapsed and the global credit crisis pushed the world toward a recession.
Many people are rushing to sell gold jewelry and getting paid more than they could have ever imagined. Looks like if those people hold on to their gold until 2011, they might get a lot more!
Frank Holmes, who wrote the book “Demystifing Gold Investing” was quoted last week in The Gold Report predicting that gold will go to $1,000, even $2,000 over the next 2 years. His reasoning? A growing money supply due to change in some goverment policy.
While this is just a prediction from an insider, it is good news for the many consumers who are looking to sell gold. Holding on to gold valuables for a little longer may end up to be more profitable.
Is the wild gold rush of the past year over? Today, gold dropped to a new 13 month low, below $700 an ounce. For people who want to cash in and sell gold, its likely that they’ll be getting substantially less than they would have if they were to sell their unwanted gold jewelry a few months ago.
However, with as volitile as the stock and commodities markets have been in the last few weeks, gold value could be an all time high again in no time. Waiting the market out to get even more cash for gold might be a good thing.
India Post, country’s postal services will now start selling 24-carat gold coins across 100 post offices in four states – Delhi, Maharashtra, Tamil Nadu and Gujarat. The sale will be further carried to 155,000 post offices across the country, depending on the response of consumers.
Today gold has emerged as a preferred asset over other asset classes that are witnessing value erosion.
Here in the US, if post offices started selling gold coins, I would take them right to an online pawn shop and get cash.
