gold experts etc
#31
I have also heard that gold is traditionally more popular in a recession, so that is a factor too.
The future of the Euro could have a big impact on the demand for gold too. Mainly, I am not in a rush. If the price of gold goes down rapidly tomorrow, I will happily wait another 10 years or whatever, to sell what I have. (Would probably have more by then anyway!)
Asif
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#35
as far as I know you just whack it in an envelope and they pay you by instant transfer the next day the prices are listed on the front page of there website.
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#38
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By those figures abnd by going from silver doubling in last year gold 40 percent the smrt moneys in silver is it not?
Ive actually just bought a set of scales and a eye thingy, going to startbuyingthe odd bit of silver to build up a few kg
Ive actually just bought a set of scales and a eye thingy, going to startbuyingthe odd bit of silver to build up a few kg
#39
The prices we pay are as per the daily gold fix. This helps you get the best value for your old or unwanted gold jewellery.
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you needed to be buying gold and silver 36 months ago when gold was about $800/ounce.
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There is a gold mine due to be in production within the next 12 months in SA that will cause prices to go decrease.
Sovereigns are good news as everybody is cashing them in for their gold content & in the next couple of years the collectors will have to pay a premium as there will be far fewer around.
Sovereigns are good news as everybody is cashing them in for their gold content & in the next couple of years the collectors will have to pay a premium as there will be far fewer around.
#45
It is interesting, as buying Sovereigns, Krugerrands, and other gold currency does not attract VAT, or workmanship costs, like jewellery does, so I am told.
And if you were going to buy a significant number of them for instance, you could hop over to Switzerland on Easyjet, stroll into a Swiss bank, and simply buy gold currency over the counter, so no serious retail 'mark up' either.
All the gold I own is in the form of jewellery, so had all those extra costs built into it.
Take one necklace I bought my Wife when we got married, in 2000, which I spent £2k on. I was offered £5.5k for it a few weeks ago. The buy price obviously doesn't take into account what I spent on VAT, workmanship, retailers mark up etc, it's just for the metal. Neither does in indicate clearly what the buyer would be able to sell it on for (I can take a guess of course)
Wish I had spent the same amount on a load of Krugerrands back then!
Asif
And if you were going to buy a significant number of them for instance, you could hop over to Switzerland on Easyjet, stroll into a Swiss bank, and simply buy gold currency over the counter, so no serious retail 'mark up' either.
All the gold I own is in the form of jewellery, so had all those extra costs built into it.
Take one necklace I bought my Wife when we got married, in 2000, which I spent £2k on. I was offered £5.5k for it a few weeks ago. The buy price obviously doesn't take into account what I spent on VAT, workmanship, retailers mark up etc, it's just for the metal. Neither does in indicate clearly what the buyer would be able to sell it on for (I can take a guess of course)
Wish I had spent the same amount on a load of Krugerrands back then!
Asif
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I think gold jewellery can look incredibly tacky, particularly the bright yellow variant that's waved about like some sort of status symbol by particular groups of people. Awful. Best to weigh it in for some pin-money, I think.
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Last edited by bigsinky; 12 September 2011 at 10:22 AM.
#48
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