Thinking where to sell my gold? Log on to Selldonatetrade.co.uk to sell your unwanted jewellery and scrap gold. Get cash for gold. Established scrap gold buyers in the UK Sell Donate Trade is the safe way to sell your gold online.
Economics, Commerce and Trade Management: An International Journal (ECTIJ)
Sell my gold
1. “Sell My Gold” – Will it always be
worth it?
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2. Markets go up and markets go down – but the value of gold always
remains. Hallmarked genuine gold may be used as an investment even in
turbulent economic times, although there has been some speculation as to
whether the investment model really holds true.
It is thought that all the gold that was ever mined still exists in gold form
somewhere, as jewellery or as bullion. Because of this fact, and the fact
that all currency is based in some way or another on gold (a bank note isn’t
money in itself, really, but a promise to convert a specific weight of gold
into value), the metal itself is supposed to hold a high value no matter what
is happening to the various money systems in the world.
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3. For this reason, investors will use gold as a hedge against turbulence.
Because of this, the person who cries “sell my gold” will always receive a
price for his or her metal. While currency investments fluctuate, investment
in the base metal on which the promissory notes of various currencies are
drawn remains apparently ironclad.
The price of gold does fluctuate, of course – nothing is set in stone. The IMF
(the International Monetary Fund) and the central banks all have a role to
play in defining the price of gold.
Jewellery consumes almost two thirds of gold mined – which is why
jewellery may be seen as an investment of the same order as gold bullion.
Ultimately, jewellery sold in response to a “sell my gold” advert may well be
melted down and returned to bullion form, with no loss in the purity or
value of the metal.
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4. The industry of jewellery and gold recycling has grown massively over the
last few years, as the financial crisis has made other items and investments
harder to maintain. People from all walks of life have been affected by the
long-running financial crisis, which, while officially referred to as the
“financial crisis of 2007-2010”, is still on-going in many parts of Europe.
Alternative options to attempting to refinance already tottering loans have
led people with gold and silver jewellery to consider a response to “sell my
gold” companies and adverts. In some cases, these responses have met
with poor valuations, which have undermined consumer confidence in the
market. To know that your gold is being sold for the right value, it is
necessary to have a working idea of current gold prices and the costs of
converting (for example) a necklace back into bullion.
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5. The internet can help – as can professional gold assayers, who are able to
give accurate valuations for jewellery and other gold items based on the
actual quantity of gold contained.
In order to accurately divine the real value of a “sell my gold” opportunity, a
person must be aware of the costs involved at every step of the process –
for example, understanding how much commission would be fairly
expected for a genuine gold merchant to take jewellery off the hands of
someone not in the industry.
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