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Gold Is Becoming A Greener Precious Metal

Published Thursday 29th July 2021

Gold is Becoming a Greener Precious Metal

Gold has come in many shapes and forms over the centuries; its malleability and the ease with which it can be melted down and reshaped makes recycling an obvious choice. It should gain more traction as a low-carbon alternative to resource-intensive mining, and there is evidence to suggest a green revolution is already underway in the gold markets.

Gold turns green

The green revolution is being felt in the gold markets, with the supply of recycled gold hitting the markets rising as a share of overall supply. In 2020, the World Gold Council estimated that recycled gold accounted for 28 per cent of total supplies, an impressive feat and a better way of getting more gold where it’s wanted, without hurting the planet.

Just as gold can persist for centuries, the impact of mining for gold can leave long-lasting damage on the planet in the form of emissions and pollution caused by tearing large quantities of rock out of the ground. Before too long, we will soon find seams running dry, and so the case for recycling will become less of an alternative, but rather the only way of taking gold and making something new out of it.

The case for recycling gold is clear, according to some of the latest research. A paper suggested recycled gold is 300 times better for the planet than gold sourced from primary production. While you might not notice your gold seeming greener on the surface, ensuring it is recycled will certainly leave the planet in a better state.

Winning gold in 2021

You only have to turn to the Tokyo Olympics to see what can be achieved with a bit of imagination when it comes to gold. Rather than tearing the ground up to find small seams of gold on a mass scale, the Japanese government opted to mine discarded smartphones and other devices for scrap gold. They extracted this gold and melted it down to form the medals awarded to athletes at this year’s Olympic games.

You could become part of the green revolution in the gold markets by planning to have any gold of your own sold and recycled. By selling to Scrap Gold UK, you can be sure of attracting prices of as much as £15.13 per gram for a piece of 9-carat gold. What was once a piece of jewellery or unwanted coins or bars could be melted down eventually, and transformed into a new golden item for future generations to marvel at – all without having to extract a single extra gram of gold from the soil.

If selling gold is something you’re in the market for, Scrap Gold UK is here to help. Selling with us is incredibly easy - all you have to do is fill in this seller’s form and we can facilitate your sale in a matter of days. By choosing to have your items collected by Royal Mail they could be with us in next to no time at all for a valuation by gold professionals. For any queries about selling gold today, why not give us a call on 01902 828 400 today?

Operational Update

Published Friday 23rd July 2021

Our offices will be closed from 3pm on Friday 30th July until 9am on Monday 9th August, to give our hard-working team a break after another very hectic period.

We operate with a very small team and rather than rotating individuals onto annual leave and putting more pressure on the remaining staff members as a result, we have decided to close our offices for a full week so that everyone can get some much-needed rest and the opportunity to re-connect with family and friends as lockdown measures are now starting to ease.

We have timed the closure to minimize disruption as much as possible. Whilst we apologize for any inconvenience caused by the holiday closure, the wellbeing of our staff members and our ability to continue to provide outstanding service to our customers in the months ahead are of great importance to us. 

As our offices will be unoccupied, please do not send items to us for delivery during the closure. Mail will not be delivered to us during this period and will be held in Royal Mail or courier depots until our return.

Wishing all of our customers a peaceful and healthy summer.

The Team at ScrapGoldUK

Thursday 12th November 2020

As the latest Covid Lock-Down in England adds to the restrictions that are already in force, to varying degrees, in all parts of the United Kingdom, we wish to re-assure our customers that we are still open for business.

We have very strict protocols in place to keep our members of staff safe in the workplace and business continues, albeit not as usual.

We are still receiving packages sent to us by insured Royal Mail Special Delivery and for higher value sales we are able to make Covid-secure arrangements to receive personally delivered consignments, strictly by appointment only and subject to compliance with our protocols. Please call for details if you wish to visit us to sell items.

For clients that are self-isolating or unwilling to visit a Post Office, the new Royal Mail Collect service may be of interest. It is now possible to have insured Special Delivery parcels collected from your home or workplace by Royal Mail for a small additional fee. Visit Royal Mail Parcel Collect Service for details. (Select large letter or small parcel, depending on the weight of your items and select Special Delivery service with an insurance level that covers the contents.) We strongly recommend that a tamper-proof Royal Mail Special Delivery pouch is used when sending precious metals through the post. These pouches are available free of charge from a Post Office. If you are unable to access a Post Office to collect a pouch we will be happy to post a selling kit out to you, just give us a call.

The recent news that a Covid vaccine could be available in the near future seems to have given the Nation a glimmer of hope that 2021 could see the lifting of many of the restrictions that we are currently enduring. We all hope to see improvements in the situation which will allow as social a Christmas period as possible.

In the meantime, please follow the rules that apply to your particular area and Stay Safe.

The Team at ScrapGoldUK

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