Cash for Gold
WE OFFER LOANS for GOLD AND BULLIONS
Get cash for gold in Pittsburgh with our simple process, low interest rate, and favorable repayment terms.
Trust Broff’s Diamond Company with a loan on your gold.
The value of the loan for gold will be determined after evaluating:
Gold Purity
We measure gold purity by either karats (K) or fineness. Purer gold is considered more valuable.
Pure gold is 24 karats, but it is rarely used in jewelry due to its softness.
To increase gold’s strength, we mix it with metals like silver, copper, or zinc. This makes it workable and able to hold its shape.
Consequently, most gold items are made of 18K, 14K, or 10K gold. The lower the karat, the more other metals are mixed in with the gold.
On the other hand, fineness measures gold purity in parts per thousand and is commonly used to describe gold bars or bullion.
MARKET PRICE FOR GOLD
Current Market Conditions for Gold
Prevailing premiums or discounts for specific gold products can affect gold’s value.
For example, certain gold coins or bars command premiums due to their rarity, historical significance, or perceived quality. Meanwhile, others trade at discounts due to overproduction or lack of demand. Consequently, these premiums or discounts impact the overall value of gold investments. They can also affect your gold’s value, thus influencing your loan’s potential value.
Hallmarks and Certifications
Authentic gold items often bear hallmarks or certifications indicating their purity and authenticity.
These marks can enhance their perceived value.
Numismatic Value
Some gold items may have numismatic value in addition to their intrinsic metal value.
Factors like rarity, historical significance, condition, and collector demand influence this additional value.
Brand Reputation
The reputation and brand recognition of a gold product’s manufacturer can impact its perceived value.
For example, consider two identical pieces of gold jewelry. One comes from a renowned luxury brand known for exceptional craftsmanship, while the other is from a lesser-known manufacturer.
Despite their identical gold content and quality, people likely perceive the piece from the renowned brand as more valuable due to its brand reputation and prestige.
