How Rising Gold Prices Have Given Birth To A New Generation Of ‘Cash For Gold’ Buyers

Recent recession and weak currencies have led investors across the world to place their capital into gold, and shrewd businesses have seized upon rising gold prices to launch specialist Cash For Gold websites. Now there are a huge number of competitors fighting to buy those old pieces of gold jewellery that you have lying around in a drawer or jewellery box.

Cash for gold is not a new idea – we have treasured and traded the precious metal for thousands of years – but there are now huge varieties of businesses buying as much gold jewellery as they can. The traditional buyers such as local jewellers and pawnbrokers are still buying, but it is the online Cash For Gold websites that are driving the trade of used gold jewellery to record levels.

Using the Royal Mail Special Delivery service as a means of shipping gold jewellery from the customer to their sorting offices online Gold Buyers are buying at such a large scale that customers can now obtain amazingly high prices for their gold. Goldmate is one of the leading online Gold Buyers and reports ever-increasing numbers of enquiries and sales to people wishing to sell their gold jewellery at sky-high prices.

“There’s no doubt that business at Goldmate is growing month on month,” says the Goldmate Managing Director, Paul Gargan. “We are achieving monthly growth in terms of web visits, enquiries and purchases of around 60% and are expanding our infrastructure continually to accommodate this growth. The fact is that after two or three tough years and with Christmas just around the corner, there are thousands of people every week seeking cash for gold, whether its gold jewellery, coins or whatever. Of course, we are happy to accommodate them because the more we buy, the better prices we can offer, and because we always pass our savings onto our customer, the business is just snowballing. There is no better advertising for a business like Goldmate than word of mouth”.

Despite Goldmate’s expansion and obvious success, Gargan has noticed many changes in the market during 2009. “No doubt the market has become more competitive this year and we have seen considerable increases in competition for advertising exposure, particularly with our Pay Per Click advertising. I have noticed at least ten new buyers come to the market to compete for the main cash for gold keywords in the last two months alone, so you have to ensure you try and remain one step ahead and not fall into a comfort zone.”

The cash for gold market has not been without its share of poor publicity however. It seems that for every proven, successful buyer like Goldmate there are stories of less virtuous buyers scouting the country looking for struggling individuals persuaded to sell their gold jewellery for a fraction of its real value. Gargan says “Of course wherever there are profits to be made there will be unscrupulous people doing their best to swindle the vulnerable. I’ve heard the stories about the door-to-door buyers and venue firms, who rent a room for a day or two at a local hotel before disappearing. From what I hear these firms don’t always pay what they might for the gold that they buy. All I can suggest for anyone with gold jewellery to sell is to do their homework and use a reputable buyer.”

Whereas the most reputable buyers such as Goldmate base their rates closely upon the official gold rate, many of the less professional organisations will simply bid the least amount feasible for a customer’s gold, hoping that they will eventually negotiate a deal at very poor price. In light of this it would seem to make the idea of using a legitimate company such as Goldmate a far more sensible and profitable suggestion.

So, with gold prices hovering around the £700 per troy ounce mark, and plenty of money at stake based on your choice of gold buyer, if you are seeking cash for your gold then Goldmate should be your first port of call, who with their ‘customer first’ approach to gold buying look sure to keep increasing their share of satisfied customers in the future. If you want to learn more about Goldmate visit their website or call them on  for more information.

Goldmate is a national company servicing the whole of Great Britain, and you can learn more about the business by visiting their website at www.goldmate.co.uk.

There are many different companies that are offering cash for gold, but there some that offer higher valuations than others.

With the recession showing no signs of letting up, gold buyers are offering the opportunity for people to invest from their scrap, broken or unwanted gold jewellery. With this in mind, many gold companies provide the right price for any gold that you wish to swap for money and with an online service the process couldn’t be simpler.

Of course, with so many different companies offering the same service how do you know who to choose? Well there are those that are offering an easy to swap service that ensures you can choose how you receive your money as well as giving you the best price for your gold.

For those that have broken or unwanted jewellery which has been lying around in drawers and jewellery boxes for years, this service provides the perfect opportunity to make some money of those items that are no longer required.

From those businesses that can offer such a quick and easy service you don’t have to worry about the postage or the cost. There are those companies that have a website which provides all the information you need to make it an effortless process.

Professional gold buyers understand that many people are planning ahead for the year and want ways that they can generate money honestly. The amount of scrap gold jewellery that is kept without knowledge is surprising, when it could be providing you with money for other things.

So, don’t worry about the condition of your old jewellery, professional gold buyers will take it. If you aren’t going to make good use of it then make some money by sending any scrap or unwanted gold quickly and efficiently and receive a few extra pennies in your pocket.

This time of year always proves difficult for those people who are trying to save. It is also very tough to refrain from making impulse purchases for loved ones at Christmas. If you want to save money for next year, or require a little extra spending money for the Christmas period then there are companies that can help.

There are many advertisements offering cash for gold jewellery and coins to people that no longer require certain items. Whether you have broken jewellery or gold items that hold no sentimental value, you post your gold off can easily and safely in return for a fast cash payment.

The process really is as simple as it sounds, and there are websites that are offering cash for gold in three easy steps.

Getting a pack:

Obviously you need to ensure your gold is looked after upon transit and arrives at its destination ready for valuation. Simple and accessible websites have an online form that you can fill in for a Pack to be sent at your request. There is no fuss or bother and you can include any gold, in any condition, regardless whether it’s dented, scratched or broken.

Posting it off:

When you’ve received your Pack fill in the small form and insert that and your gold within the sealable bag. These are then placed within the envelope and need to be sent off from your local Post Office. It really is a simple process. All you have to do is sit back and wait for your cash to arrive.

Receiving the cash:

Your gold will arrive with your chosen company the next day and the valuation process will then take place. When the valuation of your items is complete, your cash payment will be made. Whether you want cash, cheque or bank transfer, the choice is yours.

The current climate is hitting the public hard and this simple solution has provided many people with the perfect solution to trade-in unwanted gold jewellery. These services can help you have a stress-free Christmas this year and allows you and your loved ones to enjoy this special time as much as possible.

The official Spot price for gold burst through the $1060 dollar mark today and currently sits at $1068 per Troy Ounce, which in turn equates to a price of around £8.14 per gram of 9 karat gold (£1 = $1.581 www.xe.com).

This all-time record high seems sure to bring many more people wishing to cash their unwanted gold items into the market. Please visit www.goldmate.co.uk for information on how to sell your gold quickly and safely.

Gold hit a record high on Wednesday 7th October with prices nudging $1050 per Troy ounce, roughly translating to £7.89 for a gram of 9kt gold. Now is the time to sell!

We are looking to further expand our group of Goldmates across the country. Please visit http://www.goldmate.co.uk/become-goldmate-earn.php if you are interested in learning more about making money using the Goldmate brand.

Visitors to www.goldmate.co.uk will notice the improved features and design of the website, which has been under redevelopment throughout September 2009. We have further improvements scheduled for late November which will further improve the enjoyment of all visitors to the Goldmate site.

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