[Closed] Price of gold?

Pulls up chair......

My missus sells her scrap straight to the dealers in the Jewellery quarter in Brum, she is a jeweller though.

Dunno, but those adverts are on during daytime tv aren't they?
The target market for people needing to shift some gold they have 'aquired'.

stw classifieds at mark up price 😉

Jewellery quarter + 1, theres loads of shops take it round a few and get the best price.

gold prices will continue to rise....

[url= http://www.catsforgold.com/ ]Try these people for bestest value[/url]

People don't generally buy a second hand wedding ring, So really your looking at scrap value, The "cash for gold" people are able to get lots of gold and have it refined in bulk, The price per gram they get for the gold they sell on is here.
(look for "trade hallmark scrap"- top panel is the "bullion" price on the international market)
[url= http://www.cooksongold.com/metalprices/ ][/url]

I have been a self employed goldsmith for 20yrs now and the current gold price is crippling me. If your wedding ring is 18ct gold I would at today's price be able to offer you £12 per gram on it. I couldn't sell it "second hand" and it would not be worth my while sending it to be refined because there is a fixed charge to do it plus a small percentage of the gold recovered. I would melt it down with some more gold and make something new out of it, that takes a fair bit of time and somehow that has to pay to keep my family going. I then have to pay £25 to have it hallmarked again (by law), plus the registered post each way to the assay office, my ultra-sound cleaner which your wedding ring would have to go through before I melted it blew up on saturday and the replacement is £519-00, etc, etc. It costs money to run a business, some months more than you're going to get back.

I phoned one of the T.V. advertisers a little while ago, posing as a general punter, it was VERY hard to pin them down to an approximate price per gram they would pay. After being passed around several people and eventually to the "supervisor" I was offered £4-50 per gram for five 18ct wedding rings. That day the fix on hallmarked 18ct scrap was £13-00. At no point did any of them ask me why I had five 18ct wedding rings. If someone came to me with them I would definitely want to know how they had got hold of them. I saw one of those adverts the other day with a pirate and a treasure chest full of gold - that just about sums it up really.

Sorry can't do the linky thing!

They've just had a feature on BBC News...ght be repeated later this morning.

Valuer/dealer said £299 - "fair price"

Same gold in high street jewellers (HM Samuel?) £170ish.
The two online/postal gold places offered £63 and £60, upped to £100 (cash4gold) and £150 when the researcher requested the gold to be returned.

Tight deadlines for returning the cheque in order to be eligable to get the gold back.

Just seen the thing on BBC News about this... Looks like you get dry bummed from all the big companies..- better off selling to an independant jewler..

They had £300 worth, and every offer came back around the £60 mark.. Which was upped to about £100 when they pushed....

gold prices will continue to rise....

It's a bubble - watch it burst but dunno when....

Thanks for that insight Billy, it is 18ct white gold.

I know exactly when it'll burst, just shortly after Gordon Brown buys a 5hit load of it................

Lol at village idiot.

Pure gold is actually £710.38 per ounce (at the minute)!

Ask Gordon Brown - he knows about the best time to sell GOLD! C@ck

those adverts give me the fear, that fella with "the eyes of death" AGH!