[Archived] Unwanted gold?

[den]

If you or your missus have any gold jewellry that you don't use or want, now is the time to sell it. We were tipped off about this over the weekend. The wife weighed in just a couple of ounces of unwanted jewellry and got over £500 for it.

But do it now.

[Ricky]

I think we'll see a continued rise in the price of Gold and Silver for a while yet Den.

My brother in law has been on at me for over a year now to buy solid silver in either coins, rounds, or bars. He has constantly been saying it will increase at a better rate than gold. You only need to check the Silver prices and it's had a very large raise over the last year.

[den]

The jeweller told my wife that a lot of people reckon the price will go even higher, but she doesn't think it will.

Who knows Ricky, but at the moment it's bringing more than what it was bought for over 7 years ago.

[dave birch]

Check the price of gold, Den.

[den]

Check the price of gold, Den.

Meaning what Dave?

[dave birch]

It's a lot more than 500 per ounce

[den]

It's a lot more than 500 per ounce

So you know a way I can get even more money?

[dave birch]

Shop around.

The gold price is around US$1300 an ounce(that's about 800 or so pounds; I just took the first exchange I could find). Let potential buyers know that you know the value.

They'll always want to pay you the least.

So, at least you should get (for two ounces) is 1600 pounds, less any profit they would want to make. (At a 30% margin, they should pay you about 1100 pounds, 50% they'd pay 800)

[Hughesy]

Gold is still rising so dont sell.

Silver whilst its rising is still a long way behind gold and even though it had a dip not so long ago, should continue to rise too, probably slightly quicker than the other metal.

[den]

Shop around.

The gold price is around US$1300 an ounce(that's about 800 or so pounds; I just took the first exchange I could find). Let potential buyers know that you know the value.

They'll always want to pay you the least.

So, at least you should get (for two ounces) is 1600 pounds, less any profit they would want to make. (At a 30% margin, they should pay you about 1100 pounds, 50% they'd pay 800)

Depends on the carat Dave. There's a big difference.

[den]

Gold is still rising so dont sell.

No-one knows that for sure. I'm not talking about people who have bought gold as an investment here. I'm talking about people who might have some old jewellry that they wont use again and would rather sell now - and probably get more for it than they paid in the first place - considerably more.

[den]

Depends on the carat Dave. There's a big difference.

Our price for 9 carat gold brought us just over £500. If anyone has 2 ounces of 18 carat gold, they could sell it today for just over £1200.

[Ozz]

Anyone get better than £10 a gram on 9 carat?

[den]

Anyone get better than £10 a gram on 9 carat?

£10.20 yesterday in Leyland OZZ. Online they're paying towards £11.

[rebelmswar]

I dont normally comment on things such a these but, I have to worry very strongly for all of those investors buying gold that does not really exist.

Gold on paper does not equate to gold in pocket. Reminds me of something awful that happened in the 90's.

[den]

I dont normally comment on things such a these but, I have to worry very strongly for all of those investors buying gold that does not really exist.

Gold on paper does not equate to gold in pocket. Reminds me of something awful that happened in the 90's.

Apparently, all the gold ever mined, would fit into a cube slightly smaller than a tennis court.

[rebelmswar]

Apparently, all the gold ever mined, would fit into a cube slightly smaller than a tennis court.

Exactly.

And the vast majority of it will NEVER see the light of day or ever be sold.

Makes one wonder where all of this gold that is being sold coming from? Probably from the same place that web-based company's stock prices came from.

Gold is the next bubble.