Dubbed the ?Silk City? for its dominant role in the silk industry in the 19th century, Paterson has grown to become one of New Jersey?s largest cities, brimming with history and culture and filled with a diverse group of people from all corners of the world. If you want to part with any gold or silver, family heirlooms or old jewelry, Cash For Gold Mailer is here for you. Cash For Gold Mailer is buying any and all gold, jewelry, or other precious metals you want to sell in Paterson, evaluating them fairly and offering you the best prices for them.
Population: 1,44,150
Gold Stores Listed on Yelp: 35
Stores per 1000 people: 0.24
Current price of gold: $1964.0575
Avg. Rent for 2 Bedroom House: $1,600
Avg. Wage: $31,755
Housing index: 185.96
Haircut: $21
Hamburger: $5.24
Public Bus Fare: $1.50
Movie: $11.16
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What if you wanted to buy a house in Paterson. Over the past 10 years, Prices have increased over 120.21%, one of the fastest growing markets in the country.
Average Price of a 2 Bedroom Home: $1,600
10-Year Change: 120.21%
10-Year Gold Price Change: 13.60%
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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Point #5
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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Free Overnight FedEx Shipping
Free At-Home Package Pickup
Free Insurance up to $5000*
Same Day Offers & Payments
Price Match Guarantee
Satisfaction Guaranteed or We'll Return Your Items Free of Charge
Selling your gold and precious metals has never been easier. Avoice the pawn shop and get a great price in 3 easy steps: