Will Planetary Resources Really Have That Big of an Effect on Precious Metal Prices?

    SAN DIEGO, CA, July 26, 2012 /24-7PressRelease/ -- While the price of precious metals remains high, there has been some fluctuation in the market recently. Overall, it's a good time in San Diego to visit a gold buyer. Even with these small ripples in price, the market is still at an all time high. Now is a perfect time to get rid of jewelry that you aren't wearing when you can get such a premium for your gold and silver.

The prices of precious metals are predicted to stay high in the long term. There is always a bit of movement in the short term because the market is never solely governed by true 'supply and demand." Major nations' financial decisions and the stock market also play a part in setting the "spot price." Even with the spot price changing often, the overall value should stay high through 2013.

Planetary Resources is a company to watch, though, in the effect they could possibly have on gold and silver prices in the next couple of decades. Their mission is to mine asteroids for the resources they contain that are potentially viable to humanity. Supposing they are successful, this asteroid harvest would increase the reserves of the resources we have here on the planet dramatically. "Precious" metals would cease to be as precious if the actual amounts present on earth were to increase suddenly by ten fold.

That is a great thing to imagine with some resources, like the iron, nickel, and water that could potentially be extracted from asteroids. With these, more could only be better in terms of how that would affect us all. However, with precious metals, the reality of a successful mine increasing the amount of them by that degree, the prices would plummet drastically. In effect, overnight, gold and silver could become almost worthless.

With that in mind, as one looks towards the future of precious metals, perhaps the time to start selling is now. With the prices high, a good profit stands to be made. If one holds off visiting the San Diego jewelry buyer for too long, there might not be any money then for what could sell for top dollar now.

Precious Time is a Jewelry Buyer located in Downtown San Diego. If you are looking to sell your gold, silver, or platinum jewelry, contact Precious Time at 619.239.2500.

Website: www.sandiegosbestjewelrybuyer.com

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