LARGO – Arnold Jewelers has been buying and selling gold, coins and bullion in the Tampa Bay area for more than 40 years.
As a family-owned business with a GIA-certified gemologist and experienced numismatist on staff, they have seen firsthand how global events, economic shifts and local demand influence gold prices.
They are committed to sharing insights with their customers to help them make informed decisions about their gold holdings.
As of Oct. 8, the price of gold is at a record-breaking high of over $4,000 per ounce, prompting some to wonder if now is the time to buy or cash in on unused jewelry or coins.
“Everyday expenses have been climbing for years, and when inflation eats away at purchasing power, people naturally look to gold as a safe place to store value,” said Zack Arnold, numismatist at Arnold Jewelers. “Add in lingering economic uncertainty, high interest rates that were expected to drop but haven’t, and tariffs that weaken the dollar and make goods 20% to 30% more expensive, and it’s no surprise gold is hitting new heights. Historically, gold shines brightest in times of uncertainty, and that’s exactly what we’re seeing right now.”
Zack Arnold believes gold still has room to climb in the future.
“In just the past nine months, we’ve seen gold surge more than 70%. If this momentum continues, it’s not unrealistic to see prices reach as high as $5,000 per ounce”.
Ray Arnold, owner and founder of Arnold Jewelers, believes it’s an excellent time to sell gold.
“Yes, prices could go higher, but it’s rarely wise to try to time the absolute peak of any market as you often end up missing it,” Ray Arnold said. “Historically, when prices hit record levels, buyers start paying further back from spot, and eventually the market corrects itself. We saw many people hold too long in 2011 and miss out of the opportunity entirely. That’s why taking profits now is often the smarter move.”
Gold is a valuable hard currency in tough times.
“Think of physical gold bullion like a savings account,” Zack Arnold said. “It’s the most liquid asset you can own. If you ever need cash, you can instantly trade it in for its value. That’s very different from paper gold stocks, which don’t always have the same backing or stability. At the same time, gold remains a safe haven because it never truly loses its value, no matter what’s happening in the economy.”
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Founded in 1984 by Ray and Kim Arnold, Arnold Jewelers is a family-owned jewelry and coin shop located at 12293 Seminole Blvd., Largo.
On the web: arnoldjewelers.com
