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Old 08 September 2011, 08:13 PM
  #31  
AsifScoob
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Originally Posted by apples24
Thats some serious money here mate from what everyone is saying to me its at its high only a matter of time before drops, id get it gone
I'm not so sure. I have heard that long term demand for gold will only increase as China and India grow more prosperous.

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
Old 09 September 2011, 04:19 PM
  #32  
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Forgot to say i actually got a better price down my high street than that hatton garden place


Lucky really as 3 days later and they stil havent got back to me
Old 09 September 2011, 04:46 PM
  #33  
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Originally Posted by apples24
Thats some serious money here mate from what everyone is saying to me its at its high only a matter of time before drops, id get it gone
erm, that aint gonna happen soon. they reckon gold will reach close to $2K/ ounce before the end of the year.
Old 11 September 2011, 11:53 AM
  #34  
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2000 dollars an ounce? whats that 30g? **** me sideways
Old 11 September 2011, 12:02 PM
  #35  
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Originally Posted by apples24
Forgot to say i actually got a better price down my high street than that hatton garden place


Lucky really as 3 days later and they stil havent got back to me
what is the place called where you got a better place than hatton garden as my family are selling off bits and pieces and we are always hunting out the best price, what did you ask HGM?

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.
Old 11 September 2011, 12:08 PM
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Well i bettered the hatton price by £25

In east street southampton

Oh and hatton still havent made there firm offer after my initial enuirey 4 days ago
Old 11 September 2011, 12:14 PM
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Originally Posted by apples24
2000 dollars an ounce? whats that 30g? **** me sideways

thats $2000 per troy ounce which is approximately 31.1034768g
Old 11 September 2011, 12:26 PM
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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
Old 11 September 2011, 01:09 PM
  #39  
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Originally Posted by apples24
Well i bettered the hatton price by £25

In east street southampton

Oh and hatton still havent made there firm offer after my initial enuirey 4 days ago
They set there price against the daily gold price fix, so if the price goes up you get more if it goes down you get less.

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.
Old 11 September 2011, 07:16 PM
  #40  
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A mate of mine lives by the mantra that he will be worth his weight in gold on the day he retires. I best get on one hell of a diet!
Old 11 September 2011, 09:10 PM
  #41  
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Originally Posted by apples24
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
you needed to be buying gold and silver 36 months ago when gold was about $800/ounce.
Old 11 September 2011, 10:56 PM
  #42  
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Yes agreed on the gold but the silver?
Old 11 September 2011, 11:20 PM
  #43  
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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.
Old 11 September 2011, 11:25 PM
  #44  
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Possibly wise words, however with high gold prices means high sovereign prices
Old 11 September 2011, 11:38 PM
  #45  
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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
Old 12 September 2011, 09:52 AM
  #46  
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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.
Old 12 September 2011, 10:20 AM
  #47  
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Originally Posted by JTaylor
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.
yes but, no but, yes but.............


Last edited by bigsinky; 12 September 2011 at 10:22 AM.
Old 12 September 2011, 04:05 PM
  #48  
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http://www.scrapgolduk.co.uk/scrap-gold-calculator
Old 12 September 2011, 04:26 PM
  #49  
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Originally Posted by bigsinky
thats $2000 per troy ounce which is approximately 31.1034768g
So what is the weight in grams exactly then?

d
Old 12 September 2011, 07:29 PM
  #50  
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Originally Posted by David Lock
So what is the weight in grams exactly then?

d
31.10347681
Old 12 September 2011, 07:30 PM
  #51  
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