Birmingham Gold Co - Sell Gold & Silver Blog

Gold Rises....Boris Johnson PM - Where next For The Gold Price? 23/07/19

Gold was slipping this AM as the USD strengthened, following the extension of a debt limiting deal in the US, agreed on Monday. A  two-year extension of the debt limit and federal spending caps was agreed by Donald trump and congressional leaders to avert a government default this year but adding to budget deficits in the world's largest economy, lifting the dollar.

However Gold rise this PM mainly thanks to Boris Johnson's appointment as the UK's PM and at the same time the pound sterling also rose slightly against the dollar. . Gold now stands at £1144.11 per ounce.

Silver also continued its rise upwards and currently stands at £13.23 an ounce.  Where next for Gold and Silver? We reckon that both metals will continue to rise affected by  global economic and political problems eg US vs Iran, US and China trade war  and of course US and EU trade complications. This rise will not be linear so expect some short-term falls as profit-taking becomes attractive

Where is the best place to sell my Gold and Silver Jewellery?When you want to sell your Gold, Silver or Platinum jewellery including rings, bracelets, chains etc you can either sell it to your local jeweller or a company like the Birmingham Gold Company..

You should be aware that specialized gold and silver bullion dealers like ourselves can pay up to 3 times more for your jewellery items than some local jewellers, antique dealers and gold shops. There are several reasons for this , but the key reason is that many local jewellers and antique dealers are in fact middlemen and send the gold on to companies like ours for processing and refining. That is why we urge you to cut out the middlemen and send or bring your gold and silver jewellery direct to us Selling gold and silver jewellery can be a daunting task so why not just give us a call on 0121 448 0488 to discuss your jewellery selling requirements. You can also get a price for your jewellery using our gold and precious metals price calculator

The best place to sell gold and silver jewellery? the Birmingham Gold Company

Nearly always secondhand gold and silver jewellery is referred to as scrap because in the main customers want to buy new items of jewellery, unscratched, unworn, and unmarked.

You might have a silver item you think is too good to be scrapped There are items of silver that are worth more than just scrap. We will pay more than our published scrap prices for certain items, but be aware that our scrap price is higher than most antique dealers want to pay for items. They want to buy it for less than scrap so that if they cannot sell it as an antique they will scrap it with companies like ourselves. The word scrap is unfortunate. It means metal price and scrap metal silver price has been and still is very high. Its thanks to companies like us that The Public has finally been achieving a fair price for their silver . Often as not the scrap price, based on weight is higher than the item would be worth as an antique

Please also bear in mind antique silver is not particularly in demand anymore, the younger generations show little interest and yet a valuable silver antique will command a high price . The item will be rare, collectable and sought after by dealers . In oher word it wll be something special and unique.

If the gold or silver item you think is worth more than its scrap weight is in demand as a gold/silver item and does not have dints, dings, scratches, gouges dents or general wear we may be interested in buying it for more than scrap . If it has age and the hallmarks (it should have some type of hallmark) are undamaged we will be more interested and if the item is not engraved we would be yet more keen to offer more than scrap If its a coin then the same applies.

Remember most gold/silver items are worth more for their scrap weight/price than their antique value.Get a price from your local antique dealer first if in doubt. The next thing you should do is to get the scrap price by using our gold and precious metals price calculator You will find out more about selling a non-scrap item if you follow the links below

Non Gold /Silver metal/stones etc

NB we do not pay gold or silver price for springs, wire, stones, and metal in your Gold or Silver . We will deduct a fair weight for all non-gold /silver metal in your items in-line with industry practice. remember there are springs in clasps, wuite wires in bangles as gold and silver is not flexible. Your gold and silver items might also have stones. we do offer good diamond prices for diamonds above 25 points.


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 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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