Sell Gold & Silver Read the Reviews

If you are looking to sell scrap gold, silver or platinum it is essential to read the reviews of the company you have in mind to sell to, but its also important to read between the lines

It is important to realize that many gold and silver buyers use a variety of companies to collate reviews for them. we recommend valuing Google reviews above all others

Google Reviews. When a gold buying company has Google reviews you be be ceratin that not only can these reviews NOT be faked nor purchased (Google has tried and tested means for catching out review spammers) but even more importantly negative reviews can NOT be hidden. What you read is the truth

Non Google Reviews
These reviews can be manipulated by the gold buyer hosting their reviews on these non-Google sites Often negative reviews can be removed or blocked and it is well known that companies can buy fake reviews to be shown on these sites

Read more at https://www.theguardian.com/money/2013/jan/26/fake-reviews-plague-consumer-websites
http://www.bbc.co.uk/news/technology-43907695

Gold prices w/e 25/05/2018

This week saw a rise in the Spot Gold Price by more than 3.5% and it would have risen more is the USD had not strengthened. Silver also rose by more or less the same amount.The reason? Gold tends to rise at this time of year and just possibly the latest fall in bitcoin and crypto  may be driving speculative investors back to the safe havens of Gold and Silver 

This is not only a good time to buy Gold and Silver Bullion for investment. it also seems to be a good time to clear ourt all your unwanted scrap gold and silver jewellery. In the UK we recommend for London  HGM and the Birmingham Gold Company outside of the capital

Gold & Silver On The Rise 10/05/2018 Time to sell Scrap?

Gold, Silver Platinum and palldium all rose sharply tyesterday and today on the back of Middle East woes.
its a good time to keep an eye on the gold price and consider selling your scrap gold and silver for at least 5% more than last week
We recommend The Birmingham Gold Co -Sell Gold in Birmingham and HGM in London as two places to sell your gold to
But before you rush to sell bear this in mind that prices could rise even higher. Keep an eye on the price of oil, the value of the USD and the conflict in the Middle East

Sell Gold by Post Don't End Up Over A Barrel

If you are looking to sell gold or silver by post, then make sure you do not bet put over a barrel, even if it is a gold one!

Of course you should sort out your gold and silver into carats/purity first, weigh them and record the details before sending your precious metals off and our earlier blogs tell you how to do this. if you are unsure then this is a good gold selling guide from a reputable dealer BUT  the most impotant thing is.....make sure that the company you have sent your items to will send them back to you free of charge and without obligation if you decide not to accept their offer

Otherwise they will have you ove a barrel and you could lose hundreds of £££s always check what the returns polict is before sending your items off ...

How to sell Gold - A Guide

There are many good UK and EU gold buyers out there, with websites containing useful information on how to sell gold. This guide is a particularly good one to read. We are not saying that the Birmingham Gold Company is THE best for you, but it should be on your list of companies to consider. Remember to avoid gold buyers that do not publish their prices or who do not hava a transparent buying process

This is an excerpt from their guide...

When you want to sell Gold to a Gold Buyer  you need to follow the 4 steps here ie 

IDENTIFY - WEIGH - CALCULATE - SELL 

  

1/ Identify each carat of gold you may have and wish to sell ,

2/ Weigh each carat of gold 

3/ Calculate the price we would pay for each  carat using our gold price calculator eg total value of your 9 carat gold  and get a total  and Finally

4/ Sell your gold to us We will buy any type of gold. Remember the price for gold our calculator shows is the price you will get providing your weights and carats are correct. Remember also weight can be deducted for stones, springs, and non-silver metals etc 

For more information go to https://www.birminghamgoldcompany.co.uk/selling-gold-4-step-guide

How To Sell Gold - Some Pointers Part 2

When trying to sell gold and silver etc it is vital that you know the weight of your items and also the carat/purity

Weighing Gold and Silver
Underweighing gold and silver items has been rife in the industry in recent years, though the larger gold buying companies in the UK, such as the Birmingham Gold Company, Hatton garden Metals Pressmans etc use Trading Standards calibrated scales . What should really set alarm bells ringing is when a gold buyer doesn't weigh your items in front of you ie in plain sight but rather scurries out the back with your gold and silver in their hands. it is vital that they weigh items right in front of you.

Identifying Carat and Purity. You must sort your items out into the various carats and purities before selling them as each carat/purity attracts a different selling price. Most gold and silver items are hallmarks so that shouldn't be too difficult (check the chart above)  18 carat can be worth twice what 9 carat is worth and 22 carat even more. Invest in a loupe or eyeglass to help you identify the marks.

Some items may not be hallmarked, but it important that you see the jeweller test the putity in front of you and explain the test.

How To Sell Gold - Some Pointers Part 1

Sell Gold

When you are looking for Gold and Silver Buyers to sell your gold and jewellery to,  you want to avoid those companies that are paying too little.Here are some pointers

1/ Avoid using gold and silver companies who do not publish their buying prices/ don't have a website calculator. Ask yourself, why are they NOt publishing their prices

2/ Avoid companies who publish "up to" or "guide"  prices on their gold calculators. you want to know what the actual price paid will be NOT what they might be

3/ Avoid companies that send out gold "packs" One way or another you will be paying for these packs from the sale of your gold and silver

4/ Avoid companies that use clebrity endorsements  or that advetise heavily. Again you will be paying for this from the proceeds of your precious metals sales.

5/  Look for reviews on the company concerned and give priority to Google reviews. These cannot be bought or faked by the company concerned and neither can negative reviews be hidden.

6/ Avoid local Jewellers and antique dealers. These often offer less than scrap . That way if they can't sell your items on they can still make money scrapping them in . its always worth getting a quote first from these as a starting point though.

7/ It pays to shop around, whether via a postal gold company or a visit in person

NB Want To sell your Gold and Silver? Estimate the value yourself first

1/ The first step is to get a price for your gold or silver. Use the hallmark chart below to identify the type of gold or silver you have...

 The Hallmark chart below will help you to determine the carat of your gold  and silver when you want to sell it, Nb you may not be able to see all hallmarks & some foreign hallmarks can be unreliable so keep these to one side to ask the gold buyer of your choice

. Remember also that UK hallmarks are scientifically tested and legally enforced. Gold and silver hallmarks from some other countries are not so strict so the purity can be less than the hallmarked stamp. this is particularly true for asian gold. Establishing the gold or silver hallmark is the first step to getting the right oprice for your gold and silver. The next steps will be to weigh your items in individual carat groups and then use the gold calculator of the company you have chosen. 

2/ Then weigh your items and use the on-site calculator for all gold and silver.  

Sell Gold Reviews

You've decided to use a specific gold buyer based on their reviews BUT did you know that a lot of sell gold reviews out there are fakes.They post them themselves or pay for them  Even as bad, some review companies allow for companies to remove or hide negative reviews
In our opinion Google reviews, which cannot be taken down or altered or removed are the truest reviews out there.

We are not saying that ALL gold review companies are fakes but the next time you like the look of a company's sell gold and silver reviews make sure they are from Google Reviews.. That way there is no room for error. 

Sell Gold 2018 Prices Q1

Sell Gold  prices in the first quarter of 2018 have been pretty steady, albeit slightly lower than the last quarter of 2017.  they are certainly lower than a couple of years ago and one reason for that may be the huge speculative investments being made in the cryptocurrency market. These investors have turned their back on speculating in gold opting rather for a far more speculative gamble in the likes of bitcoin, ethereum etc.