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More people have been selling their gold jewelry in the past year, many to cover expenses, others to just to take advantage of record high prices. Prices have dipped a bit from their recent highs, but expect more people to sell in the months ahead, and expect the prices to rise again.
On the one hand, the volatile stock market has some investors looking for "safety." On the other, stock market losses have led some to desperately seek fat returns elsewhere. Either way, you could wind up in trouble, because scam artists are ready to prey on the desires of both.
Gold prices are up again, and floating near an all-time high: That means bad news for the overall economy, but good news if you have unwanted jewelry and want to cash in. But be careful: It's also a good time to get cheated. DailyFinance explains how to get the best price for your gold.
The odds that the U.S. will default on its debt increase each day, and even if a short-term deal is reached, the ratings agencies may downgrade U.S. debt anyway. If that happens, turmoil could roil the markets. So where can the smart money flee for safety? 24/7 Wall St. offers 10 safe options.
With gold trading at around $1,600 an ounce, this most precious of metals seems to many like a smart investment. And if you have a television, you've doubtless seen ads encouraging you to buy physical gold. But think twice: Owning bullion can be more trouble than it's worth, and alternatives exist.
The long term isn't looking good for the greenback: Central bank managers don't see it keeping its status as the world's reserve currency. The short term's not looking so hot for the U.S. economy either: Housing prices are down another 4% year over year, and confidence is falling.
Investing is prone to manias and panics. Investors get excited as prices rise, and end up buying today what they should have bought years ago. The recent commodities sell-off reminded me of the rule I follow for commodities investing. Had you followed it, you'd have saved loads of money in 2008 and 2009 and made tons recently.
Friday's employment report has created an even hazier backdrop for stocks. Recent data showed an economy starting to cool, but with 244,000 jobs created in April, this expansion may have legs after all. But the economy's areas of support aren't what you'd have expected a few months ago.
With gold prices recently hitting the $1,500 mark, consumers and businesses are looking for an opportunity to score. "We see everything from rings, teeth, jewelry, pins and lighters," one gold buyer said. "Everyone has a little gold somewhere." Should you join in? Check out these five tips.
Gold has had a magnificent run during the past 10 years, doubling in value since 2008 alone, and gold mania is seemingly still at full strength. But is profit taking the next move? What if you are among the majority of investors who have yet to dip a toe into the water? Is it safe to dive in?

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