310Antiques.com, the best place to sell gold in Los Angeles, invites you to come in and get to know us today. We buy all types of gold including gold jewelry, gold coins, gold bars, gold bullion, estate gold, old gold, new gold, unwanted and damaged gold.

We also purchase silver of all types such as antique silver, vintage silver, silver coins, estate silver, silver jewelry, silver bars and silver bullion so come in today and walk out with a smile on your face and cash in your pocket!

Visit us at our safe, secure, convenient office located at
3159 Donald Douglas Loop S #305 in Santa Monica, CA 90405 - (310) 391-9400

Thursday, September 5, 2013

Gold Price Hit Record Close Exactly 2 Years Ago Today

I've been watching the price of gold for a few years now and realized that today was a special anniversary for the price of gold.

In case you don't remember, the price of gold closed at a record high of $1,907.60 an ounce, exactly 2 years ago today! Do you remember that day? It was pretty exciting, wasn't it!

The day was September 5, 2011 and here's the gold price chart for that day, courtesey of Kitco.com:

cash for gold los angeles


To give you a 1-year perspective of 2011, take a look at the gold price chart for the entire year:

sell gold los angeles

Here's an even broader perspective of gold prices. This is the chart from 1975 to today:

gold buyers los angeles



No one knew then that that was the top. No one knew if the price was going to keep going up or if it was going to go down. I certainly didn't know. Did you? What did you think it was going to do? To tell the truth, I thought it was going to keep going up. Or maybe I was just hoping it would. So what happened?

One year later, on September 5, 2012, the gold price had dropped to $1,696.20, a drop of $211.40 an ounce from the record high a year earlier. Here's the gold price chart for 9/5/12:

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Today, September 5, 2013, at 1:00 PM (PST), the price of gold is at $1,370.00, down $21.00 for the day. This is down $327.20 from one year ago and down $540.60 from the high of two years ago.

Here's today's chart for September 5, 2013:

gold los angeles


Here are 6 different charts that show the price of gold in time periods that range from 30-days to 10-years:

los angeles gold


I will write more about what caused the highest gold price ever in September of 2011 and I will write more about why it has dropped since then but for now, I just wanted to remind you of this 2-year anniversary.

Lastly, if you want to sell gold in Los Angeles, I'd like to recommend an excellent gold buyer in Los Angeles. You can get paid instant cash for gold in Los Angeles and you can sell silver, antique silver, scrap gold and silver, gold and silver bullion, old and rare gold and silver coins and much more. Just go to http://www.310antiques.com and have a look around, then give them a call at (310) 391-9400 or just take whatever you have to sell to:

       3159 Donald Douglas Loop S #305 Santa Monica, CA 90405


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