Archive for November, 2008

Cashing in on your Scrap Gold Jewellery

Thursday, November 6th, 2008

We all have various articles of scrap gold just hanging around in our jewellery boxes or at the back of our drawers gathering dust!
You may think that broken 9 carat gold chain or the old sovereign ring that you have had for years can’t be worth much in scrap gold value. Well you would be wrong, and even just a few grams of scrap gold broken jewellery can realise a worthwhile amount of ready cash when scrapped.

This is due in part to the record highs reached by the world gold bullion market during this year of 2008. March of 2008 saw the gold market at record highs of over $1000 per oz. Although now during the later part of Autumn 2008 the gold price has receeded from its record high of earlier this year, it still commands in the region of £464 GBP Pounds Sterling per ounce. That is equivalent to around £5.59 GBP Pounds Sterling per gram of 9 carat purity gold. Meaning that gold scrap should realise around £4.50 – £5.00 GBP for each and every gram of 9ct gold scrap.

The key to getting the highest return for your old jewellery and gold coins is knowing where to send it for the best price. You may automatically think of your local High Street jeweller that has a sign in the window saying We Buy Gold Scrap. But many local jewellery shops pay very low prices for scrap gold jewellery compared to other companies delaing in scrap precious metals. The highest returns are usually received from precious metal refiners and gold bullion dealers. These companies specialise in recovering the precious metal gold content from jewellery gold scrap as well as other industries that use gold and precious metals.

Gold refiners and gold scrap buyers in UK can be found online and offer fast, trustworthy scrap buying services through the mail. The process is simple, just securely parcel up all your gold scrap, broken jewellery or old gold coins and ship to the scrap gold refiner. Once the gold refiner has received your lot they will determine the exact purity of gold present, by performing a melt and assay if required and then make payment direct to you for your gold scrap. With the credit crunch affecting us all this year you cannot afford to leave significant amounts of cash sitting around the house in unused jewellery items or old gold coins. So cash in your scrap gold and unwanted jewellery today for some fast cash!