The U.S. Federal Reserve has been circulating the narrative that inflation is transitory, but many consumers anticipate a longer-term inflation which is driving up consumer demand for bullion.
A recent Forbes article names gold as the go-to choice of many investors coping with market volatility. “Gold’s value typically increases when the overall market struggles. Between 2008 and 2011, for example, gold’s price rose more than 100% as the economy struggled through the Great Recession and moved into recovery.”
Gold and silver coins and 5 g bars have been of particular interest to customers who are looking to pawnshops for physical gold and other precious metals. Some consumers are interested in passing down money to their kids or grandkids in a way that does not lose value over time or teaches them the value of investment.
Whatever the reason behind the boom, there’s no question that pawnshop customers are looking to buy gold and other precious metals right now. Mid-States Recycling, which has been specializing in Gold, Silver, and Platinum Refining for 40 Years, works with pawnbrokers all over the county to supply them with needed bullion, often in exchange for their scrap gold. More information is available at www.midstatesrecycling.com.
Mid-States Recycling is an advertising partner.
