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East Bay Gold Buyer Says Seller Beware of Online and Fly-by-Night Gold Buying Events 0

Posted on December 02, 2011 by

East Bay Gold Buyer Says Seller Beware of Online and Fly-by-Night Gold Buying Events











Super Silver says the best way to get the best price is to do the transaction in person with a reputable local gold buyer.


Walnut Creek, CA (PRWEB) November 29, 2011

Selling old gold jewelry is an easy way to pick up some extra cash, which is why it has become popular during the current economic slump—especially now that the holidays are rolling around. But the amount of money sellers will get for their unwanted gold can vary widely among retailers. Super Silver urges sellers to be cautious when choosing a buyer. The Walnut Creek cash for gold and silver specialist recommends avoiding online buyers and one-time gold buying events.

The price of gold has been on the rise for several years, creating a flood of new gold buying operations, some of whom are not entirely above-board in their business practices. The Better Business Bureau estimates complaints against gold, silver and platinum dealers are on track to double over 2010 numbers.

“There are a lot of fair buyers in the industry but there are quite a few paying less than what’s appropriate,” BBB spokesperson Kelsey Owen told CNN.

Many people who want to sell their gold quickly take the most convenient avenue by selling their gold online and dropping it in the mail. But some online gold-buying operations operate less than truthfully.

“You might send your gold in thinking you will get a certain amount of money,” said Robert Truhitte, owner of Super Silver of Walnut Creek. “Then, when you get a check back, you find it’s nowhere near what your thought it would be. And when you call them, they say ‘sorry, it’s already been melted down.’”

Truhitte says selling gold by mail or over the Internet is taking a risk. Sellers are much better off doing their transactions in person, where they can agree to a quote and get their money right away, without having to worry that their payment will magically decrease.

The East Bay gold appraiser also cautions against one-time gold-buying extravaganzas. “The places that rent out large rooms in hotels pay next to nothing for your gold,” said Truhitte. “It’s simple math: they have to pay for the space, travel expenses, and salaries for all of the employees. In contrast, we already have employees and a store that pays the bills with our jewelry sale and a direct connection with a refinery, so we can afford to pay top dollar.”

Truhitte urges sellers to do a little research on the current value of gold, and then seek out a reputable neighborhood gold buying store. Sellers should keep in mind, however, that gold buyers have a profit margin, so if gold is trading at $ 1,300, they can’t expect to walk out with that entire amount.

“By taking a few extra precautions, you can be sure you’re getting a fair price for your gold jewelry,” says Truhitte.

Super Silver also advises people to check out the value of their gold or silver jewelry even if it is broken, missing one or more pieces, partially destroyed or discolored by some chemical. “Flaws don’t affect the value when you are selling gold and silver,” says Truhitte.

For more information about selling gold or silver in the San Francisco East Bay area or any of Super Silver’s products and services, call them at (925) 233-4455 or visit them on Facebook at facebook.com/supersilverwalnutcreek.

About Super Silver

Super Silver is a Walnut Creek jewelry store and East Bay gold buyer that specializes in gold and silver jewelry sales, gold and silver purchases, jewelry appraisals, watch repair, engraving and styling. The Walnut Creek unique jewelers serve the San Francisco Bay Area communities of Alamo, Berkeley, Blackhawk, Brentwood, Concord, Diablo, Dublin, Lafayette, Livermore, Moraga, Oakland, Oakley, Orinda, Pittsburg, Pleasant Hill, Pleasanton, San Francisco, San Ramon and Walnut Creek.

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Soldiers strike gold, two silvers at U.S. National Taekwondo Championships 090713 0

Posted on November 23, 2011 by

Soldiers strike gold, two silvers at U.S. National Taekwondo Championships 090713
silver gold price

Image by familymwr
PHOTO CAPTION: Sgt. Louis Davis of Fort Lewis, Wash., delivers a kick to the head of Californian Scott Hutchinson en route to a 15-4 victory in the welterweight quarterfinals of the 2009 U.S. National Taekwondo Championships July 5 at the Austin Convention Center in Texas. Davis won the silver medal in his weight class. (Photo by Tim Hipps, FMWRC Public Affairs)

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Soldiers strike gold, two silvers at U.S. National Taekwondo Championships 090713

By Tim Hipps
FMWRC Public Affairs

AUSTIN, Texas – Second Lt. Steven Ostrander struck gold, and Sgts. William Rider and Louis Davis won silver medals at the 2009 U.S. National Taekwondo Championships on July 5.

Ostrander, a U.S. Army World Class Athlete Program martial artist from San Antonio, celebrated a homecoming of sorts by winning his third national crown before family and friends at the Austin Convention Center.

Ostrander’s mother, father, nephew and two best friends since first grade witnessed his dominating performance on the national stage.

“My friends had never seen me fight, and my parents had not seen me fight live, both of them together, since 2001,” Ostrander said. “I’ve been fighting all over the place and it’s hard to get out and see me, so being here in Austin was really a treat.”

Ostrander, however, wished one other person could have attended the tournament: 1st Lt. Amanda Ostrander, his wife, who is deployed at Camp Liberty, Iraq.

“I’m going to e-mail her as soon as I get back to my hotel room,” said Ostrander, a 2004 graduate of Texas A&M University who has a formal wedding scheduled for December, when Amanda returns from deployment. “She completely supports me and wishes she could have been here. I’m always telling my friends that this is what I do for my job, so I wanted to put on a good performance for them and just take care of business.”

Ostrander got busy in his first heavyweight match, a 12-1 victory over Jonathan Lee of New Jersey. He capped the conquest with a spin-hook kick that dropped Lee, who took a standing eight-count during the waning seconds of the bout.

“I knew that he was going to come hard,” said Ostrander, a 6-foot-2, 224-pounder. “I felt that he was coming and just went ahead and spun. In 2006, I had a knockout with a spin-hook kick. I thought I might have caught him, too, but he was a big guy and it just wasn’t hard enough.”

Ostrander received three points for the head shot and one more for the standing eight in the sport that awards three points for a kick to the head, two points for a back kick or turning behind jump kick, and one point for a regular single kick or a punch that creates tremble and shock. About 90 percent of the scoring is kick-oriented.

Tae means “to strike with the feet.” Kwon means “destroying with the hand or the fist.” Do means “way” or “method.” Taekwondo is believed to be one of the oldest Oriental arts of unarmed self-defense. In ancient times, the Korean people were forced to fight to protect or regain their independence from the Chinese, the Scytho-Siberians of Central Asia, the Mongol Hordes, the Marauders, and the armies of Japan.

“This is not a gentlemen’s sport,” understated Army WCAP Taekwondo coach David Bartlett, a four-time national champion and two-time Team USA member, who is serving as an assistant coach for the 2009-10 U.S. National Team.

Ostrander’s semifinal opponent defaulted because of injury.

“I was actually kind of disappointed about that,” Ostrander said. “Normally, my first match is my toughest because of first-fight jitters, getting warmed up, and making sure everything is ready. My second fight is usually one of my better fights, and I get stronger as the day goes on. Going into the finals, the other guy had a fight (in the semis) so he was still warm, but I had to go to the back and take care of myself. Because I was feeling really good today, I wanted to keep that up, especially with my family and friends here to see me fight.”

Ostrander did not let them down. He prevailed 14-1 over Mehdi Dehghani of Virginia in the finals.

“I came out with a job to do and the national team coach was sitting on the sidelines watching,” Ostrander said. “This year was the year to make a statement. I didn’t get picked for the Pan Am Team last September, and we went through a trial camp, just like we’re going to in January. Me and coach Bartlett talked about it earlier this week, and said, ‘Hey, this is the opportunity to make that statement so that there is no choice when that camp comes around – that their mind is made up before, saying, ‘Hey, this is the guy that we want on the team.’

“It was a challenge for myself. Going for my third national championship, I can’t go back from here, I can only go forward. Not only did I have the pressure of winning, but repeating. That’s sometimes the hardest thing to do. The first guy only scored one point, and my goal was to keep the next guy to one or less. That’s one of my strengths – to shut someone down.”

A three-time NCAA champion for the Aggies, Ostrander won senior men’s national titles in 2002 and 2008. He also won a silver medal in the 2002 Collegiate World Championships at the University of California, Berkeley. In 2005, he served as captain for the Collegiate National Team that competed in Izmir, Turkey, where he lost his first match by one point in overtime to an Iranian.

Ostrander, 26, joined the U.S. Army World Class Athlete Program in August of 2006.

“WCAP gives me the opportunity to have no other worries except for training,” he said. “I want to thank the men and women who are deployed. I was thinking about that, too – being here and being able to represent them and do well for them.

“I was talking to Amanda the other day and all the people over there would love to be in our position – love to have the ability to do what we do. Just to be allowed to live the life that I want to and do what I love to do, it’s just amazing. I couldn’t ask for better support from my teammates, my coach and everybody within the program and out of the program. It’s overwhelming sometimes.

“I know that I wouldn’t have done what I did today without the help of my teammates.”

Bartlett said he “couldn’t ask for more” from Ostrander.

“He’s kind of like a teddy bear,” Bartlett said. “He doesn’t have the most intimidating look. He doesn’t have a loud and exciting personality. But when he gets out there, he knows how to flip the switch. He’s a competitor and he’s a monster. He wants to win. He wants to show everybody that they may think one thing, but he’s going to be the guy to get it done.

“He was perfect.”

Rider, a WCAP martial artist from Orangeburg, S.C., lost 5-3 in the featherweight finale to 17-year-old Jaysen Ishida of Hawaii. The score was tied at 3 in the second of three 2-minute periods, but Ishida tallied one more point in both the second and third.

“It was a good match against a tough opponent; I just didn’t dominate like I should have,” said Rider, who has competed in five national championships. “I should have drawn his shots out a little more. I felt confident going into and throughout the match. In the third round, I kind of let it get away from me and I had to play catch-up.

“I’m very disappointed – 365 days until my next chance.”

In his quarterfinal match, Rider rallied from a 5-2 deficit after two periods to defeat Colorado’s Jacob Amerman in sudden-death overtime. Rider pulled into an 8-8 tie with a kick that dropped Amerman in the waning seconds of the third period.

“I’ve trained with him before,” Rider said. “Even though I was down on points, I just had to stick to coach and mine’s plan – not look for the big shot, hit him on points to the body, and stay confident.”

In the semifinals, Rider broke a 5-5 tie by knocking out Californian Cory King with a powerful kick to the ribs with 1 minute, 3 seconds remaining in the second round.

“In my 25 years of Taekwondo, I think that’s the second time I’ve ever seen a body shot knockout, and the first from a roundhouse kick,” Bartlett said. “I have to give thanks to the strength and conditioning program of Master Sgt. Mike Mielke.”

“It was good for my first time in the medal rounds to get a knockout to get through the semis and into the final,” Rider said. “At this point, I just have to get my body healthy, get ready for the camp, and make the World Cup Team.”

“There’s a mental toughness that comes with being a national champion,” Bartlett said. “That’s where we fell short. Now the athlete has to live with that for another year. It’s a high-tension match. The superstar likes to compete in the final round – likes the spotlight. I think right now, today was a little too much for him to deal with.”

Davis, 38, of Fort Lewis, Wash., banged up his right foot, right knee and tore tendons in his left thumb before losing 3-2 to Georgia’s Curtis Barnett in the finals of the welterweight division. Competing in his eighth national championship tournament, Davis said he blocked out the pain until his day was done.

“I didn’t feel a darn thing until after the (final) match was over,” said Davis, who injured his thumb during a semifinal victory over Darrell Rydholm, a former member of WCAP. “I just chalked it up as ‘bang, I got hit.’”

The goal for Davis, a 2005 national champion, was to win another gold medal before deploying to Iraq in October.

“I did my best to follow coach’s instructions to the letter, but there is more I can do,” Davis said. “In the final, I made errors that I should not have made. I was better than the other guy, however, I just made one too many errors. I got impatient.

“I won’t make any excuses. I need to work more. There are a few things I need to tighten up. I’m too good at this sport to be dropped down by simple mistakes.”

Davis, a native of Chicago reared in Minneapolis, Minn., said this tournament was personal.

“This fight was for my 2-year-old daughter, Cecelia,” he said. “I’m hoping that she will follow in my footsteps if her mother and I don’t bump heads too much. My wife is a good woman. Even though we have our differences, she’s still been very supportive of me in this sport.”

The personal nature of Davis’ fight was multi-dimensional.

“The truth of the matter, the other part is these guys,” he said. “Fighting side-by-side with these Soldiers, that’s a great honor. Our battlefield is that mat. We’re representing every Soldier – able-bodied, wounded, people who have gone out and paid the price – that’s what we do.

“The warrior ethos is applied to the fullest in this sport. The whole thing: always place the mission first. I will never accept defeat. I will never quit. I will never leave a fallen comrade. That’s us. We comprise all of that in this game.

“We get banged up – so what? We’re still staying in.”

Even at age 38, Davis refuses to quit.

“There are other things I need to accomplish before I can walk away from this,” he said. “I tried to take 2008 off to see how retirement felt, and it drove me crazy.

“This has been one of the best years this team has had,” added Davis, who first competed at nationals in 1997. “We came together as a team on such short notice and we went out there and took care of business, period.”

Bartlett seconded that sentiment.

“We train hard,” he said. “We train to win. No excuses. Somebody’s going to get their hand raised, and why not us? Two-thousand-twelve may seem like a long time, but to make that team, you’ve got to start now.

“We’re a lot closer today than we were yesterday.”

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Gold Price in an Unstable Economy 0

Posted on August 14, 2011 by

One explanation for the increase in today’s gold price is that it is adjusting for the past 26 years of monetary inflation. The consequences of the adjustment in the gold price will be a decrease in American’s net worth and an increase in their food and energy costs.

Under a gold standard, or in a market, citizens can exchange their paper currency for gold. The gold standard gold price equals the supply of currency in circulation divided by the total supply of a country’s gold bullion. The graph below illustrates the relationship between the gold standard gold price (black line) and the actual gold price (red line) since 1950.

Influence on gold price:
The day price of gold is driven by supply and demand. Because most of the gold ever mined still exists and is potentially able to come on to the market for the rightprice, unlike most other commodities, the hoarding and disposal plays a much bigger role in affecting the price. At the end of 2006, it was estimated that all the gold ever mined totaled 158,000 tons. Given the huge quantity of stored gold, compared to the annual production, the price of gold is mainly affected by changes in sentiment, rather than changes in annual production. In times of national crisis, people fear that their assets may be seized and that the currency may become worthless. They see gold as a solid asset, which will always buy food or transportation. Thus in times of great uncertainty,particularly when war is feared, the demand for gold rises.When dollars were ully convertible into gold, both were regarded as money.  However, most people preferred to carry around paper banknotes rather than the somewhat heavier and less divisible gold coins. If people feared their bank would fail, a bank run might have been the result. This is what happened in the USA during the Great Depression of the 1930s, leading President Roosevelt to impose a national emergency and to outlaw the ownership of gold by US citizens.

In 1950, the gold price was .72 and the gold standard gold price was .77. In 1971 gold price was allowed to float against the US dollar, it naturally increased. The reason for the increase was the gold price was adjusting for the 30 years of monetary inflation created by the Federal Reserve Bank.

Gold is the most popular precious metal in which people invest. It is a safe-haven agaainst any economic, political, social or currency-based crises, such as: investment market declines, currency failure, inflation, war and social unrest. Gold is unlike a bond. Gold pays no interest. But, Gold cannot become worthless like a bond can. The values of both rise and fall in free market trading.

Gold is also not a stock.Gold has no employees, no unions, pays no health insurance, has no overpaid CEO, no need to borrow money from a bank, and is recession-proof. Gold simply sits there in your vault quietly doing its job. You can see why for the average stock broker or financial advisor, Gold remains a total mystery.

Sadly for their clients, stock brokers seldom recommend investing in Gold or Silver. Despite the remarkable year-over-year gains they continue to ignore the gains being generated during the current bull market. Throughout history gold has often been used as money and, instead of quoting the gold price, all other commodities were measured in gold.

Stocks and Bonds prosper in strong economic times and bear higher risks in bad times. By contrast, Gold ignores recessions and does well when these and other traaditional investments fail.

From 1950 to October 1979 the gold price was adjusting for 30 years of monetary inflation. As the graph illustrates, the gold price equaled the gold standard gold price several times between 1979 and 1983.

In 1979, the gold price stayed within 10% of the gold standard gold price for 12 weeks, 11 of which the gold price stayed within 5% of the gold standard gold price.

In 1981 the gold price again stayed within 10% of the gold standard gold price for 31 weeks, 7 of which were with 5%, despite a decrease of 482,261.25 ounces of US owned gold since 1979.

In 1982, the gold price again stayed within 10% of the gold standard gold price for 2 weeks, including 1 week within 5%, despite a decrease of 96,452.25 ounces of US owned gold since 1981.

Finally in 1983, the gold price again stayed within 10% of the gold standard gold price for 8 weeks, including 6 weeks within 5%, despite a decrease of 643,015 ounces of US owned gold since 1982.

Over the course of 3.5 years, the gold price tracked the gold standard gold price in spite of a 30% increase in the currency and a decrease of 1,221,728.5 ounces of US owned gold. The gold price followed the gold standard gold price within 10% for 30% of the time, and within 5% for 15% of the time. This suggests that the metric used to value gold during



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