[Closed] Selling gold...result!

did you shop around?

[img] [/img]

went to 5 place all round the market area.
£255 was the lowest, the others were all around £400.

to be honest i would have slung the stuff away.

to be honest i would have slung the stuff away.

😯 but that kind of stuff is worth its weight in gold...

according to money week we should all be buying gold - it's recession proof apparently...
Gold price forecast:
[img] [/img]

Assuming its 9CT, then the first link on google would have given £442

Gold is recession proof [url= https://en.wikipedia.org/wiki/History_of_the_United_States_dollar#The_Gold_Reserve_Act ]eh?[/url]

[b]The Gold Reserve Act[/b]

In early 1933, in order to fight severe deflation Congress and President Roosevelt implemented a series of Acts of Congress and Executive Orders which suspended the gold standard except for foreign exchange, revoked gold as universal legal tender for debts, and banned private ownership of significant amounts of gold coin.

an ounce of 9ct gold today is £1,030 so your 34g would be worth circa £1,120 to the dealer.. who did well out of it?

Just love to ability of STW to instantly crush someone. At least you have 410 in your mitts ton.

the stuff as been laid in the drawer for 10yrs or more, i would have thrown it out next time i decorated.

just bought some new carbon bars, which are far more usefull..... 8)

who did well out of it?

All concerned?

To whit: ton, dealer and planet earth.

yeah, and i might even be able to afford real meat for supper too...... 😆

How much did you tell the missus you got for it that is the question

[i]just bought some new carbon bars, which are far more usefull.....[/i]

Does that mean what I think it means Ton?
Biking soon-ish?

an ounce of 9ct gold today is £1,030 so your 34g would be worth circa £1,120 to the dealer.. who did well out of it?

How would one go about getting a better deal, then?

Hmm. Just found 23g in kitchen drawer

Time for a new bike then Ton? 😉

the stuff as been laid in the drawer for 10yrs or more, i would have thrown it out next time i decorated.

just bought some new carbon bars, which are far more usefull.....

Apparently Gordon Brown said something along those lines. Only he got castigated for allegedly not getting the best price.

That gold forecast chart is great 😀
I went had a look at what they were predicting last year.
[url] http://web.archive.org/web/20110519065332/http://forecasts.org/gold.htm [/url]

esselgruntfuttock - Member
just bought some new carbon bars, which are far more usefull.....

Does that mean what I think it means Ton?
Biking soon-ish?

well, it worked for now mate........so yes!!!
cant wait as well.

Excellent news Ton!

the stuff as been laid in the drawer for 10yrs or more, i would have thrown it out next time i decorated.
just bought some new carbon bars, which are far more usefull.....

Apparently Gordon Brown said something along those lines. Only he got castigated for allegedly not getting [s]the best price[/s] wide enough bars.

- it's recession proof apparently...

On the other hand if you had bought gold in 1980 you would have seen your investment fall in value for the next 20 years.

The economic genius Gordon Brown managed to sell vast amounts of the UK's gold from 1999-2002 when prices were at a 20 year low and just before they rocketed up increasing in value 6 times over.

http://goldprice.org/gold-price-history.html#36_year_gold_price

an ounce of 9ct gold today is £1,030 so your 34g would be worth circa £1,120 to the dealer.. who did well out of it?

You might find that's a bit optimistic. 24 carat fine gold bullion currently sits at 1091/troy oz, £400 for an oz of 9 carat is a good deal...

The economic genius Gordon Brown managed to sell vast amounts of the UK's gold from 1999-2002 when prices were at a 20 year low and just before they rocketed up increasing in value 6 times over.

And apparently the Swiss, who are suppose to know about this sort of thing, sold even more of their gold reserve around that time. No point crying over spilt milk eh ?

The criticism was more that he telegraphed the sale so the market price was depressed.

Well I suppose that in hindsight going to 5 different places all round the market area did broadcast his intentions, but ton seems happy enough with the result.

There are dozens of other reasons why Gordon Brown was utterly dismal than simply the flogging off of gold.

But well done to the OP for winding up £410 better off today than he thought he would!

ernie_lynch - Member
The economic genius Gordon Brown managed to sell vast amounts of the UK's gold from 1999-2002 when prices were at a 20 year low and just before they rocketed up increasing in value 6 times over.
And apparently the Swiss, who are suppose to know about this sort of thing, sold even more of [s]their gold[/s] [b]unclaimed gold they had lying round since 1945[/b] reserve around that time. No point crying over spilt milk eh ?

POSTED 7 HOURS AGO # REPORT-POST

FTFY

Well done ton - £400 in you pocket rather than gathering dust in a drawer can't be bad

The economic genius Gordon Brown managed to sell vast amounts of the UK's gold from 1999-2002 when prices were at a 20 year low and just before they rocketed up increasing in value 6 times over

in other very old financial news …
Wednesday 16th Sept 1992
The chancellor of the Exchequer, Norman Lamont and his Special Advisor David Cameron cost the UK billions in their ever more desperate and comical attempts to keep the UK in the ERM
UK interest rates ended the day a full 2% up

no idea what a 2% rise in interest rates would do people today, [I guess it could more than double some peoples mortgages overnight] but I suspect there'd be some severe hardship for familes
Govs make mistakes every day that cost us money - we tend not to hold it against them for some reason and even make some of the architects of it Prime Minister

ernie_lynch - Member
The economic genius Gordon Brown managed to sell vast amounts of the UK's gold from 1999-2002 when prices were at a 20 year low and just before they rocketed up increasing in value 6 times over.
And apparently the Swiss, who are suppose to know about this sort of thing, sold [s]even more of their gold[/s] [b]unclaimed gold they had lying round since 1945 [/b][s]reserve around that time[/s]. No point crying over spilt [s]milk[/s] [b]blood[/b] eh ?

a further small adjustment required

The gold Brown sold - was it stuff stolen during the days of empire?

Echo

pffft, some of us have our own resources on the doorstep...
http://www.tyndrum.org.uk/goldmining/

I used to teach with a bloke who retired early on the strength of his gold panning in the hills around Moffatt.
p.s. nice one Ton

I've got half a sovereign (dated 1900) and a krugerrand knocking about in a box in the attic somewhere. I've had them for many years, never really seen the point of them, would now be a good time to flog them?

i suppose in my starting this post, i was saying, if you have some old unused broken gold lying about, then sell it now, cos it is gonna get you a good price.
and why keep some old tat you aint never gonna use........... 😀

Is this the same Gordon Brown who sold 3G licenses for about £17bn more than expected?

I've got half a sovereign (dated 1900) and a krugerrand knocking about in a box in the attic somewhere. I've had them for many years, never really seen the point of them, would now be a good time to flog them?

Someone on telly sold a couple of Krugerrands at auction the other day, went for four figures.

I sold an old, never worn gold chain the other week, research on money saving expert led me to Hatton Garden Metals, who (assuming all Ton's gold was 9 carat) would have paid about £420 for the same weight. I reckon that was a pretty fair deal Tony.

Hmmm! I wonder what I did with the old 9ct necklace I had. IT was given to me by an ex so I reckon it went in the bin. Ah well.