New York City ? what isn?t there to be said about the City That Never Sleeps? Boasting great shows and fine dining and endless amounts of attractions, New York City is easily the most renowned city in the world. If you want your life in NYC to be better than it already is, consider selling your gold and other precious metals to Cash for Gold Mailer. We buy just about anything made of valuable materials. Gold teeth, silver ingots, platinum coins ? we will pay top prices for them all!
Population: 81,77,020
Gold Stores Listed on Yelp: 240
Stores per 1000 people: 0.03
Current price of gold: $1963.7425
Avg. Rent for 2 Bedroom House: $2,950
Avg. Wage: $46,582
Housing index: 268.52
Haircut: $37
Hamburger: $6.88
Public Bus Fare: $2.75
Movie: $15.10
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What if you wanted to buy a house in New York City. Over the past 10 years, Prices have increased over 80.95%, one of the fastest growing markets in the country.
Average Price of a 2 Bedroom Home: $2,950
10-Year Change: 80.95%
10-Year Gold Price Change: 11.53%
The price of real estate in has outpaced the price of gold by XX% over the past 10 years. Imagine if you had sold all your gold and invested in real estate!
What if you had sold your gold and invested in the stock market 10 years ago? Despite all the people that love to say “gold always goes up” – traditionally, it just hasn’t gone up as quickly as other investments. Take a look at returns over the past 10 years.
10-Year S&P Return:
10-Year Gold Return:
So if you had sold your gold 10 years ago and invested in the stock market, you’d be way ahead right now… but not quite as far ahead as investing in the Auburn housing market!
Performance is never guaranteed of course, but historically the average rate of return of the S&P of 12.3% significantly outpaces gold’s returns of 5%, while also being a more liquid financial holding. If you have a bar of gold, on average you’d lose $XX,XXX in 10 years by holding onto it instead of investing in the S&P 500.
What if you had sold your gold and invested in the stock market 10 years ago? Despite all the people that love to say “gold always goes up” – traditionally, it just hasn’t gone up as quickly as other investments. Take a look at returns over the past 10 years.
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Note that we have not vetted and cannot recomment using any of the local gold buyers below. However, if you are looking to deal exclusively with a local business, you may consider these:
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Selling your gold and precious metals has never been easier. Avoice the pawn shop and get a great price in 3 easy steps: