Birmingham Gold Co - Sell Gold & Silver Blog

Gold Price Falls - The End of The Gold Rush? Sell Now? 04/09/2019

Gold Price Falls - The End of The Gold Rush? Sell Now? 04/09/2019

The Gold Price dropped overnight from around £1279 an ounce to £1260 as traders took profits by selling off Gold. Does this mark the beginning of the end of the 2019 Gold rush?  We don't think so especially given global fears of a world-wide recession as well as worries over US-China trade relationships and of course Brexit  To add to the woes U.S. manufacturing activity contracted for the first time in three years in August, renewing fears of a sharp economic slowdown . These uncertainties and troubles can only mean a buoyant gold and silver market. 

Silver  rose to £16.00 per ounce before dropping back while spot platinum rose 0.6% to £796 per ounce and palladium was down 0.1% at £1,249.

Is this a good time to sell your unwanted gold and silver. Thinking about waiting a little longer? We believe that it is a great time to sell right now if you need the money  as whilst Gold and Silver will doubtless rise again this year, who actually can predict exactly when? 

Best and Highest UK Gold Scrap Gold & Silver Prices? 

Where To Sell antique, vintage and modern Gold and Silver Jewellery, Scrap and other items? Where is the best place to sell Gold, Gold and Silver Jewellery and scrap?Well we do believe we pay highest and best "true" UK prices for gold and scrap gold, silver and watches to the Public and Trade. The word "true" is highlighted simply because there are many false high gold prices out there designed to lure you in. Just read our Google reviews if you are unsure. Our price per gram is very high, but add to that these facts... We are a small family run business that has minimal overheads, no heavy staff costs and no fancy premises all things paid for by profit at your expense. .We do not charge fees, we keep weight loss, due to stones and wires to a minimum and we always identify the gold content correctly. And if you are still not convinced then remember our scales are trading standards calibrated and we weigh items right in front of you and of course our gold and silver calculator offers you an accurate price not an "up to" price. Cut out the middleman, save up to £4 a gram (£400 on a 100 grams) and deal direct with us. NB re Local Jewellers, Antique Dealers and local Gold Buyers who buy Gold and Silver. The plus side of selling your gold to a local jeweller is convenience, however please be aware that many local jewellers sell their gold and silver on to gold buyers like The Birmingham Gold Company. This means that you may well receive a lower price for your gold as they have to make a profit . Many will tell you that your gold and silver jewellery etc are not "scrap" and they will sell them on, not for the gold weight but rather as "items" and yet time and time again we have been told that the price they offer you is BELOW SCRAP GOLD PRICE.The reason they try and buy your gold and silver below scrap price is that if they cannot sell your items on they then scrap them in with companies such as ours. Always check weights and price per gram offered. gold and precious metals price calculator to check for yourself. 

 Gold price, Scrap Gold price 

The price of gold ie its value is set by international markets and is called the spot price. The spot price for gold can be defined as the current market price at which gold is bought or sold for immediate payment and delivery. It is differentiated from the forward price or the futures price, which are prices at which an asset can be bought or sold for delivery in the future.What affects the Spot price for Gold? The two obvious factors are the supply for gold and the demand for Gold. When the demand is high in relation to demand, the gold price rises and when the demand for gold is low in relation to the supply then the gold price falls. But unfortunately it is more complex than that. Gold is seen as a hedge ie a shelter when world markets and general conditions are in turmoil. large corporate investors, pension funds and unit trusts often take their assets out of currencies or stocks and shares and buy gold as a protection against downward market forces. When the stock markets and the currency markets are doing well they may well do the opposite. One particularly strong influence on the price of gold is the US Dollar. When the US Dollar gets stronger, it takes fewer dollars to buy any commodity that is priced in $USD. When the US Dollar gets weaker it takes more dollars to purchase the same commodity. The price of gold, will change to reflect the fact that it will take fewer or more dollars to buy that gold. So often a portion of the change in the price of gold is really just a reflection of a change in the value of the US Dollar. . When the dollar gets strong, gold appears to go down, and vice versa. That accounts for part of the fluctuations that we see in the value of gold. The other part is an actual increase in the supply or demand for gold. If the price is higher when being measured not only in US Dollars, but also in Euros, Pounds Sterling, Japanese Yen, and every other major currency, then we know the gold demand is higher and it has actually increased in value. Consequently, if gold is higher in US Dollars while at the same time cheaper in every other currency, then we can conclude that the US Dollar has weakened, and that gold has actually lost value in all other currencies. But the price, because it is being quoted in $USD will be higher and give the illusion of gold becoming more valuable. In such a case the devaluation of gold, due to increased supply on the market, is camouflaged by a weakened US Dollar.Who pays Spot price For Gold and Scrap Gold? The short answer is no seller receives the market spot price when they sell gold, scrap gold or gold bullion. Even if you were to sell half tonne of gold straight onto the international markets there will be commissions to pay, trading fees etc It is not possible to sell your gold for 100% of the market gold price. Gold processors such as the Birmingham Gold Company pay a very high percentage of the market spot price but even we have to make a profit. We pay 97% of the market spot price for gold and scrap gold which is about the best percentage the Public can expect to receive and we do NOT charge fees. Scrap Price vs Cash For Antique / Vintage Prices..Scrap Gold or Silver price is NOT bottom price!. Cash for Vintage companies not only do not publish their prices they also offer considerably less than scrap. So if they can't re-sell your item as vintage or antique they still earn by selling the item to companies like us . We pay the highest prices for antique, vintage and modern gold and silver jewellery and scrap. How? We will pay even more than scrap for the right antique, vintage or modern gold or silver items and without the heavy fees charged by ebay and auction houses.Remember most pre-owned items of jewellery can be damaged and require refurbishment. eg shanks can be worn, hallmarks obliterated and stones may be chipped. More than this , most old items have chips/damage to the gold itself. The cost of refurbishment is often too high to be warranted

To sell Gold, Silver, Platinum etc to us, first read our sell gold / silver guide then use our Calculator and finally either Call In to our Counter Service, OR Post Your Items To us Via Special Delivery Post. You can also call us on 0121 448 0488 OR use ourGeneral Enquiry Form .

Gold Price Falls - Brexit & Hong Kong - 05/09/201...
Gold Rises Again on News of Further US-China Trade...

 To sell Gold,  Silver, Platinum etc to us, first read our sell gold / silver guide then use our Calculator and finally  either Call In to our Counter Service,  OR Post Your Items To us Via Special Delivery Post.  You can also call us on 0121 448 0488 OR use our General Enquiry Form 

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