subject: Get the Most for your Scrap Gold [print this page] Get the Most for your Scrap Gold Get the Most for your Scrap Gold
Do you have any old coins, watches, broken jewellery or other unwanted items made from gold? These can all be classed as scrap gold and could bring you a cash sum just when you really need it. Selling scrap gold is becoming more popular as the recession bites and people are looking for ways to enhance their income.
The value of gold changes all the time in response to world markets, and the London Bullion Market Association publishes a current gold price twice a day. Reputable UK buyers of your scrap gold base the price they will pay on these gold fixings', adjusting them to take account of the costs of recycling the gold that they buy.
Gold Parties
A relatively new phenomenon is the gold party, which is taking off in the UK. This is where someone holds a get-together for their friends and acquaintances to bring along their scrap gold, and an agent will hand over cash for it.
Unfortunately, because people are nave about the value of gold, they often accept ridiculously low prices for it and could be finding themselves out of pocket. Taking it in person to a local jeweller with a good reputation is much safer than selling it at one of these parties, or sending it off to an internet business.
If you do decide to sell your scrap gold for recycling, you could also be helping to save the planet. Give yourself a pat on the back for reducing the damaging effects on the environment of over-mining gold ore.
