441 DANBURY ROAD

NEW MILFORD, CT 06776

(5 MINS FROM DANBURY)
860-355-0191



115 MAIN STREET

MONROE, CT 06468

(CRESCENT VILLAGE CENTER)
203-261-1115

1130 E. PUTNAM AVE.

GREENWICH, CT 06878

(5 MINS FROM STAMFORD)
203-990-0555



23 DANBURY ROAD

WILTON, CT 06897

(NORWALK/WILTON BORDER)
203-210-7465

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Sell Silver

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Sell Silver jewelry in CT. Flatware, bullion, pitchers, platters, cups and more.

Sell Gold
in CT

Sell Gold jewelry in CT. All items tested right in front of you!

Sell Coins/Bullion
in CT


Any type of coin or bullion. We have coin experts (numismatists) on staff!

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Sell Diamonds
in CT

Old engagement ring, loose stones. Any type small or large.

CTGS is a TOP BUYER in CT. We have over 30 years of experience buying gold, silver, platinum, diamonds, coins & watches.  Our customers routinely refer family and friends to us because they know they will be treated fairly.



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Don't be afraid to call or walk in with anything.  If you are unsure if it is real, we will test it and give you a fair appraisal.  Many customers who were planning to sell gold and silver in CT, have come to us thinking that they had nothing of value, only to find us giving them thousands of dollars for their gold or silver.

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14kt BAND

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22kt BANGLE

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CT GOLD AND SILVER BLOG

Gold and Silver prices climb.

Gold and silver have been climbing steadily for the past couple of weeks.  But why?

Two main factors may be the driving force behind the rise in prices.   First, OIL prices are on the rise due to the Iraqi crises.  When OIL prices go higher, other commodities tend to follow.  Gold and Silver seems to be following the oil prices higher.  Any resolution or improvement of the IRAQ problem will lower OIL prices and gold and silver may follow.   Secondly,  the EU cut interest rates.

The lowering of interest rates in the European Union may bring on inflation which would also boot gold and silver prices. Currently,  inflation is low, but starting to climb through out the world.  In fact, England is going to be raising rates soon.   On balance, we don't believe gold has much of a ceiling above $1450, and would be a seller at that price.

    

Some believe now is the right time to Sell your old Gold jewelry.

After missing the $1900 per ounce climb in gold, and $45 per ounce climb in silver, many sellers have been waiting for a ramp up in gold and silver to liquidate their old gold or silver jewelry.   Gold went as low as $1100 and now has climbed back to almost $1400.   We are warning sellers not to be greedy and take this opportunity to sell.   We don't believe $1900 per ounce is coming any time soon.   In fact, this ramp up to almost $1400 in gold is probably a mid-term top in the markets.  We could re-trace back to $1100 per ounce in a very short period of time.

 

Institutional Gold and Silver BETS are hugely short

It is not a secret in the industry that the big boys are betting that gold and silver go lower.   They are mostly to the short side.   For those who may not understand, when a financial firm makes a "SHORT" bet, they are of the belief that the price will go lower, and thus they will make money if it does.   If the price goes higher, they will lose money.  You may say to yourself, well if the big boys are of the belief that gold and silver prices go lower, then I should SELL now.   In most cases when everyone is leaning one way, you want to be a contrarian and go the other way.   The reason is that if most of the money is invested on the short side, then much of the selling pressure has already been consumed, and as the price starts to go higher, those same shorts need to BUY in order to limit their losses or cover their gains.  We are of the belief that any break below $1150 in gold will probably start us on a slide to $1000.   If gold can stabilize here, then we may start a new bull run.  Stay Tuned!

 

 

Crucial Point for Gold - Buyers are strong

Many speculators were singing the death of Gold and Silver only a month ago.   Gold and Silver have been able to make a nice rebound and hold the gains. The dynamic that looks pretty strong to us is that Gold and Silver went higher even as Crude Oil moved lower.  Crude and precious metals have been trading in step with each other for many years now.  Crude has broken under $100 and gold & silver have moved above $1350.    Unlike Crude, which in our opinion there is plenty of it, Gold and Silver are scarce.   As stated in prior posts $1400 will be an important level for gold to rise above and hold.   This upcoming week should be interesting.

 

 

Is it a good time to sell gold or silver in CT?

Gold and silver prices have been in the mainstream media conversation for over 5 years now.  Most people never took notice (or cared) about gold and silver prices prior to the run up in prices.  In CT, we have many customers who don't want to sell their gold or silver at current prices because they are waiting for prices to go back up to $1800 for Gold and $45 for Silver.   What they are not understanding is that Gold and Silver are still at very high prices from a historical point of view.  Gold for many years traded at $300 and Silver at $4.   So it is a good time to sell gold or silver?  The old saying buy low, sell high is all you need to say to yourself.

  

The sharp decline in Gold and Silver prices

This week sure has been unnerving to gold and silver investors.  As stated, in our previous post, we expected a decline around 1400 in gold.  Although the decline was relatively sharp, gold and silver did stage a comeback on Friday.   Our belief is that there will be a sharp move up or down when the Syrian crisis comes to a head.  Whatever move happens it would be temporary and we would not consider it any indication of a new trend.

 

 

Gold and Silver Prices going foward

No doubt Gold and Silver prices have recovered nicely from the lows posted of the last few months.  Needless to say many people took advantage of the increase in price and sold gold, silver jewelry, coins and bullion.  The million dollar question is can gold get back to the highs of roughly $1900 that were posted not to long ago.   I maintain that gold and silver prices will be in a tight trading range for the next year or so.   Of course, if a global event such as a war happens, all bets are off!   Right now, we are faced with a potential war with Syria, but gold prices seem to be stable.  The other catalyst that may drive gold higher is a sudden rise in interest rates.  Interest rates have been rising slowly, but the FED's announcement of a tapering of their "Quantitative Easing" programs may cause Gold and Silver prices to drop.

For now, we may have hit the short-term highs in Gold and Silver.   Any break above $1450 in gold may signal the start of a new uptrend.  Otherwise now may be a good time to sell gold or silver.

 

 

Why does Gold and Silver move Up and Down?

Many customers ask us what causes Gold and Silver to go down and up.   The answer is not very simple.   Gold and Silver are traded on the futures exchanges just like copper, rice and pork bellies.   On any given day, gold will trade within a 2% or more range.  The prices are correlated to a number of factors, and those correlations can change within a momemts time.  Since the economic crisis Gold and Silver have been somewhat correlated to the dollar.  As the dollar goes down, Gold and Silver (as well as the stock market) have been going up.   That correlation over the past couple of months has seem to been broken.   You will now notice that when Gold goes down the stock market is up and many times visa versa.   Gold seems to be acting the way it did for many years prior to the financial crisis.   That is not to say that this will last forever.  As stated before the correlations of gold and silver can change pretty quickly.  

So the million dollar question is, "will gold go higher".   Nobody can say with certainty.   You will notice for every expert predicting $5000 an ounce gold, there is one who is predicting $500 per ounce.  I believe Gold and Silver will be in a tight range between $1000 and $1400 for the next year or so.  After that, the economies around the world will dictate where it goes.

What are Black Diamonds

The good news, black diamonds are real!  The bad news, they don't sparkle, because they're black.  They absorb light rather than refract it.

They are real diamonds, but they have a different structure.  A white diamond  sparkles because light comes in, bounces around in a predictable way, and is reflected out.  The cut of the diamond is designed allow light to escape in the most ideal way.

Black diamonds have different structure what equates to having many diamonds compressed  together.  Since they're all at different angles, and so you can't cut it to make sparkles.  Instead, the light just gets absorbed, making it black.

Jewelry stores mostly sell them at about the same price as white diamonds, but they don't sell nearly as well because they're not attractive.  They used to be cheaper than white diamonds, but aggressive marketing has driven up the price to unrealistic levels.

It is recommended that you don't pay white diamond prices for a black diamond, they DO NOT hold their value.

Why do U.S. coins have more collectible value than foreign coins?

Many customers wonder why their foreign coins are almost worthless.  Obviously, foreign coins with gold or silver content will at LEAST be worth the precious metal content.  The issue is with clad (or non precious metal) coins.  Even old foreign coins don't have much value, and the reason in that collectors are not really interested in them.  For the most part, US coins are the "GOLD STANDARD" in collectible coins.

Also, foreign countries were very inconsistent when placing silver in their coins, sometimes they would start the year off with 20% silver and end the year with 5%.  It is not easy for a collector to know which foreign coins contain what percent of silver. Collectors will usually bag up a pound of random foreign coins and sell them as a group for less than $10.

If you are starting a coin collection, stick to U.S. coins.

A TOP GOLD & SILVER BUYER IN CONNECTICUT


First time selling gold in CT? We are one of the largest gold, silver, coin, bullion, diamond buyers in CT.  Our purchase volume allows us to pay more than most competitors. You can feel confident that you will receive top dollar from us. Be sure to print out your 5% Bonus coupon and receive and additional 5% more on your payment.

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LIVE Metals Prices - Market Commentary

GOLD: 1298.90     SILVER: 20.52     PLATINUM: 1474.00
NOTE: ALL PRICES BASED ON 1 TROY OUNCE @ 07/29/2014 18:39


Gold is slightly lower overnight by $-5.61 or -0.43%.
Silver is moderately lower overnight by $-0.12 or -0.58%.
Platinum is moderately lower overnight by $-11.01 or -0.75%.

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