Remember that old saying “Saving for a rainy day”? Well for many across the country that rainy day may have come as inflation continues to rise like a proverbial hot air balloon. Rather than saving your money in a bank account and watching your interest grow, you could be watching your savings increase by selling unwanted gold.
The much in-demand yellow metal is always attractive to investors, particularly during times of economic crisis because gold is seen as an effective hedge against inflation.
In this article, we’ll explore whether today is that rainy day and outline how you can sell scrap gold in just three simple steps.
Sell your scrap gold in the wake of inflation
The price of gold has risen 9% in 2022. Beginning the year on January 5th at £43 per gram, today (May 26th), gold is priced at £47 per gram. This goes to show that the price of gold can rise quickly in a seemingly short time frame.
This means it can pay to time your sale just right. By checking our gold price charts regularly, which are updated every day, you can follow the ups and downs of the gold price and time your sale when the price is high.
Looking at the gold price at the time of writing, if you have 5 grams of 24 carat gold to sell you could net £235. Compare that to if you had sold at the beginning of the year, you would have made £4 pound less per gram, making £215 in total for the same amount of gold.
Sell scrap gold today
It is easy to sell your unwanted gold or other precious metals. From family heirlooms to dental gold, we accept a range of precious metals including gold, silver, platinum and palladium.
For a clearer picture of what we buy read our FAQs.
There are many reasons to choose Scrap Gold UK as your gold buyer, one being that we offer some of the best prices available online.
|Scrap Gold UK – £16.81|
|Top Dog Scrap Gold – £14.40|
|Chards – £14.22|
|Best Price for Gold – £14.40|
Sell scrap gold in 3 simple steps
Step 1: Value your precious metals
You can value your precious metals using our scrap gold calculator, we also have silver, platinum and palladium calculators. You will require the weight and purity of your items to hand. To gauge the weight of your items you can weigh them with a set of household scales. Determine the purity of your gold by checking its hallmark, if you cannot find a hallmark we can still value your items for you.
Step 2: Post your items
Simply fill in the details of your items on our seller’s form. Enclose the form with your items in your package and be sure to post using Royal Mail Insured Special Delivery to ensure it arrives at our offices safely. If you do not wish to post your items, you can arrange an appointment with us at our head offices in Wolverhampton.
Step 3: Receive your payment
We can transfer your payment on the same day that we receive your items by:
- FPS – receive within 2 hours
If you have any questions, please do not hesitate to contact us, and we’ll be delighted to assist you.