We are all by now familiar with the Scrap Gold concept, recycling old gold and silver, particularly jewellery, but while our inspiration may be driven by and all time high gold price and the promise of a healthy return, there is still the environmentally friendly aspect of recycling raw materials – raw materials that cause huge environmental impact in their extraction and refinement from the earth. Our article from April 2009 Recycling your gold – The environmental Truth is worth a read!
Today we wanted to use our soapbox to shout about a local Birmingham based company called Fair Trade Design who deals in the other side of the jewellery business.
Fair Trade Design was established in May 2006 to help raise awareness of fair trade. As a BAFTS (British Association of Fair Trade Shops) member, selling jewellery sourced from producers abiding by fair trade principles such as paying fair prices to producers, Fair Trade Design and their customers purchasing jewellery are supporting social development projects, improving and support health and education facilities and encouraging environmental responsibility around the world – No small feat!
If you would like to learn more about Fair Trade Design, visit their Fair Trade Jewellery web site and if you do happen to order anything, be sure to let them know Scrap Gold sent you!
Over the past 18 months, Scrap Gold UK have lead the way in the ethical Scrap Gold Industry, consistently paying the highest prices for scrap gold and silver and maintaining an excellent level of customer service.
In that period, we’ve surpassed half a million site visitors (555,342 to be precise) and converted a healthy percentage into valued customers; something we feel is testament to our honest approach and transparent pricing policy.
If you have scrap gold or silver jewellery to sell, why not help us on our way to the magic million mark and complete our scrap gold form now.
Global gold demand fell 25 percent in the first quarter of 2010, but is expected to rebound later this year.
According to Marcus Grubb, a senior World Gold Council official, robust investment in the West and strong jewellery sales in Asia will lead to higher demand than a year ago.
The Greek debt crisis has spurred Western investment demand in gold in the second quarter above the levels seen a year ago, Grubb said.
Jewellery demand in China is also set to rise in the second quarter, he added. However, the picture in India is mixed with the Akshaya Tritiya festival expected to boost jewellery sales but a weakened rupee making gold more expensive for locals. Nevertheless, full-year gold demand in India is expected to be stronger than in 2009.
Grubb declined to make gold price forecasts but said he agreed with the market view that gold would have strong support at $1,050-1,045 per ounce.
Towards the end of 2009 several reports came across our desk regarding a new phenomenon... gold parties - their overnight success and the pitiful price organisers were paying sellers attending the parties.
2009 was a bumper year for the gold price, with numerous almost constant television adverts publicising the high gold price, the whole country was fully educated to the new concept of selling their old, broken and unwanted gold jewellery, watches and anything with even a hint of gold content for cash! But how many people actually realise the true scrap gold price and how much their old gold jewellery was actually worth!
Dealers looking to cash in on the rising gold prices looked for new ways to reach an almost untapped primary target markets, women aged 25+ with draws, bags and jewellery boxes full of unworn and broken jewellery. The themed selling party model has been a proven success in this market demographic many times before, think Tupperware, candles and Ann Summers - So a social gathering based around a common interest in jewellery and making some extra cash would be an obvious success.
Gold selling parties have indeed been a hit in the UK, for the dealers anyway! Imagine a captive audience, plenty of peer pressure in the room and the offer of cold hard cash in the hand... Most people will openly accept the rudimentary assay of their gold and quickly grad the cash counted before them without really questioning the price offered. The opportunity to research the price and consider the offer simply isn't there, it's a cash now or never situation and the human impulsive nature kicks in.
We've seen reports of less than 18% of the true market value being offered to sellers at gold parties, with unsuspecting sellers more than satisfied with the seemly good price paid until they later have the opportunity to research the true value of the items they've sold! Many people are just not aware of how high the gold price has risen in recent years.
The gold party organisers aren't always the true source of blame either, many operate a form of franchise under a main stream gold dealer, many have paid an initial setup fee of up to £600 to purchase a 'Gold Party Kit' containing all the information and tools they require to look the part and make the deal. The very same gold dealers are often the ones that take the gold from the party organisers, again for a hefty percentage - or refining fee!
If you've been invited to a gold party, remember to do some homework before you go, use our scrap gold calculator to estimate the true value of your gold and if the price offered doesn't come close, hold onto your jewellery and send it in to us... We are Scrap Gold UK, a family firm with an honest price and hundreds of satisfied customers. You can sell your gold online using our online sell now form or call us directly on 0121 523 1046.
Are you a dentist with a stockpile of old damaged or unwanted dental gold crowns, bridges, inlays, onlays, PFG's or PFM's? Contact us for our latest Scrap Gold Prices for Dental Gold on 0121 523 1046.
Just a few of the many reasons why thousands of people choose Scrap Gold UK each year...
1. Scrap Gold UK are one of the original Scrap Gold Dealers - We built the band wagon!
2. We have a bricks and mortar office in the world famous Birmingham Jewellery Quarter - Just give us a call on 0121 523 1046 and we'll arrange an appointment to meet and assess your old, silver or platinum. Find our office on Google Maps.
3. We're a family company - You'll most likely deal with the same person every time you contact us!
4. We're part of Sabre Jewellery, an established jewellery manufacture with over 25 years in the industry.
5. We are honest and transparent about our price, weights and measures.
6. We have a huge loyal and well established customer history - Many of our customers have returned several times, some sending a small amount of gold initially to test the service.
7. We guarantee that if you are not entirely satisfied with our valuation, we'll send your package straight back without delay.
8. We don't do gimmicks - while our competitors are busy with expensive TV adverts, we're investing out time and effort in customer service and fair pricing.
9. We're a BJA member - The British Jewellers' Association is an industry body setup to recognise trusted and genuine companies within the jewellery industry.
10. We update our pricing daily - if not more often - so you'll always get a fair price relative to the ever changing live market value.
Use our Gold Calculator to find out how much your old forgotten or broken jewellery is worth.
Looking to make some extra cash for Christmas?
That time of year is here again, Christmas is upon us... the gifts, the food, the decorations - the cost quickly mounts up! Let's face it, Christmas is expensive! But don't panic, the answer may be closer than you think - tucked away in an old jewellery box, down the back of the bedside cabinet or hidden away in that draw that everyone has in their kitchen but doesn't dare open - crammed full of old batteries, screws and long forgotten gems! Your old unwanted gold and silver jewellery may be worth more than you think and stretch a bit further than just a few Christmas presents!
Scrap Gold UK are currently paying £8.39 per gram of 9 carat gold (Price correct as of 17-DEC-2009), with the 8% refining charge deducted, you'll receive £7.72 for each and every gram of 9 carat gold you send to us to put towards the cost of Christmas - Don't leave that old watch or unworn necklace lying around, send it to Scrap Gold UK and make some real money this Christmas!
A gold hoard of more than 1500 individual gold and silver pieces has been discovered by an armature metal detector enthusiast in a field near Burntwood, Staffordshire - approximately 15 miles from our Scrap Gold offices in Birmingham.
The collect consists of 5kg of gold and 2.5kg of silver comprises of weapons and helmet decorations, coins and Christian crosses and is through to be the spoils from a 7th century raiding party of warring Mercian's.
While the treasure has remained buried beneath the soil for more than 1,300 years, it's certainly not considered scrap gold!
The find was first put on display in Birmingham before a final evaluation on the find this week put its value at £3.285 million. Birmingham City council now hope to acquire the treasure to put on permanent public display and are currently raising money to complete the purchase.
The find site remains a secret as archaeologists and a specialist search team from the Home Office scour the field for further discoveries though to date nothing further has been found. Experts think the treasure was brought closer to the surface this year as the field was ploughed deeper than usual.
The ongoing and relentless surge in the price of gold continues to draw interest from all areas. This week the world famous Harrods of London have taken High Street shopping to a new level with its decision to start selling physical gold bars and coins direct from its Knightsbridge store.
The very fact that Harrods have made such a move to stock such high risk and valuable items demonstrates the huge demand for gold bars and coins in the everyday shopping market and the ongoing gold price climb hasn't deterred would-be investors from buying either - indicating many people feel the price will continue to rocket for some time and that gold is the preferred secure investment for many.
Harrods have undertaken a full range of gold bars and coins, ranging from 1 gram gold bars and a selection of gold sovereign coins right through to 12.5kg gold bars with a current market value of approximately £312,531.
To say the products are available off the shelf isn't strictly true - customers will need to visit the lower ground floor Harrods Bank where a display is available behind a secure reinforced glass wall. Anyone looking to make an investment in gold should visit sister company, The Gold Bullion Company before heading over to Harrods - The Gold Bullion Company supply a wide range of gold bullion bars and coins for secure next day courier delivery direct to your door.
If you happen to have any old Scrap Gold to sell before you make your purchase, don't forget to head over to our Scrap Gold Calculator to check out how much it's worth.
In recent weeks it has come to our attention that several of our competitors have been actively using the Scrap Gold UK brand as a deceptive marketing tool, looking to profit from our success and position of trust within the industry.
Scrap Gold are one of the original on-line Scrap Gold buyers with offices in the Birmingham Jewellery Quarter and thousands of satisfied customers, so it's no surprise competitors see us as their main competition!
You may have seen Google adverts with titles similar to Scrap Gold UK which when clicked deliver users to other websites - We're not going to point fingers and name specific companies but would like to stress to all customers that if you are looking for Scrap Gold UK, either search for us directly or check the web address below the advert and ensure you will be delivered to www.scrapgolduk.co.uk.
If you are unsure and would like to speak to us directly, please call Scrap Gold UK on 0121 523 1046.
Following on from our previous blog this week regarding our record customer inquiries last month, we've drilled down our figures to establish an interesting statistic we feel is testament to our customer service, offer price and general work practice - Over the past year, 13.9% of customers returned to us on more than one occasion to sell more gold jewellery, coins, silver and platinum.
Our research indicated in a high percentage of cases, customers have been testing the service with a small quantity of goal, proving our customers are aware of the potential risk involved in sending.
We would stress that all new customers that are concerned about sending away their jewellery should take reassurance that we are one of a few scrap gold dealers backed by the BJA (British Jewellery Association), we also hope that our previous customer testimonials build some confidence in dealing with us. But the most overlooked safeguard of all - We ask that you send your jewellery to us via a post office counter using the Royal Mail special delivery service. The Royal Mail will provide you with a thirteen digital tracking number so you can trace the location of your package using the Royal Mail Track and Trace Service and your parcel is insured upto £2500.
If you have any questions regarding the posting and security of your package, call Scrap Gold on 0121 523 1046.
The start of the autumn season has brought an instant and not uncommon surge in the price of gold - The price has risen from around £568 an ounce in mid August to £610 / ounce as of the 5th September 2009. Many experts believe the price is set to rise further over the coming weeks.
There is a common trend for the gold price to rise this time of year thanks to the pending Indian wedding season starting in October. Gold jewellery is traditionally a very popular gift at Indian weddings, friends and family purchase gold in the weeks leading up to the October wedding season, thus driving up the gold price as the global demand increases.
Our Scrap Gold purchase price closely follows the daily UK spot price, so with this annual price surge reaching its climax in mid to late September, now is an ideal time to release the value of you scrap gold jewellery and coins.
Scrap Gold are celebrating a record 744 Customers in the past month!
We've handled 744 scrap gold customer enquires over the past month - our highest number to date! As the gold price makes another surge we're seeing more and more people looking to take advantage of the current high gold price and trade their unwanted and broken jewellery and coins for cash.
We believe our customers have become more net savvy and actively checking several gold buying sites to compare gold price offerings before parting with their gold and aren't easily fooled by flashy companies spending excessively on prime time TV advertising! Our customers have identified Scrap Gold UK as an honest and reliable gold buyer with a proven track record, extensive customer history (Review some of our excellent customer feedback) and highly competitive gold price.
While gold is often considered a descriptive colour, only pure gold is the traditional yellow colour we all picture when dreaming of vaults full of gold bars.
In its varying forms and uses, gold is often reffered to in several colour extremes. The differing colours of gold are created by the varying quantities of Gold (Au), Silver (Ag), Copper (Cu) and several other elements in the alloy.
White gold is the most common coloured gold and is a composite alloy with the addition of nickel or occasionally palladium - White gold is often used for jewellery thanks to its hard wearing property.
Red, pink or rose coloured gold derives its colour from the high copper content - Rose gold is usually 18 carat gold with a 3 - 1 copper to gold content ratio.
Purple and blue gold commonly contain around 20% aluminium (purple gold) or indium (blue gold). Bluish gold is less common as its alloy partner indium lacks the strength required to make it a feasible choice for jewellery.
Grey gold is relatively uncommon and contains a mixture of alloys, most notably manganese.
A 3 - 1 ratio of silver mixed with pure gold creates what is commonly known as green gold.
The value of coloured gold is dictated by the quantity of the pure gold content (the carat value). Coloured gold is most commonly found in decorative jewellery and so will often feature other elements such as precious stones which will add to its value.
For more information about the colour of gold and the value of your coloured gold jewellery, contact Scrap Gold on 0121 523 1046.
Gold in the news again...
More evidence that the demand for gold is continuing to grow, news from the Royal mint yesterday that output as of April 2009 has almost doubled to keep up with the ongoing demand.
While the price has plateaued in recent months, now is a good time for anyone sitting on old gold jewellery and coins to liquidate their much in demand asset into cash!
We are currently seeking gold bullion coins and will soon be announcing a new gold coin calculator tool for our website.
If you have gold, silver or platinum to sell, visit scrap gold and complete the "I'm ready to sell" form.
Previous Posts
Guide to Gold Melt Value: Understanding the Intrinsic Worth of Your Precious Metals
Scrap Gold Laws and Regulations in the UK: What You Need to Know
How to best negotiate a price for your scrap gold
How much is 9ct gold worth?
Can I sell broken jewellery?
What’s My Jewellery Worth?
Christmas 2023 Operating Hours
How to get the Best Price for Your Gold Jewellery
Selling Scrap Gold in the Aftermath of Her Majesty The Queen’s Passing
Business Closure for the State Funeral of Her Majesty The Queen
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