Converting unwanted Gold into Cash 
(22/05/2009)
The price of gold has increased by 171% in the last five years and the combination of high demand and weaker sterling have pushed the price of gold to record high so there has never been a better time for consumers to clear out their jewellery boxes and cash in on the gold rush.
YourGoldForCash.co.uk appears to have hit a rich seam of scrap gold and has been inundated with enquiries from customers hoping to cash in on the new gold rush. Since launching in March, YourGoldForCash.co.uk has received thousands of requests for Goldpacks via its website and so far has turned over £25,000 worth of unwanted gold into cash for its customers.
YourGoldForCash.co.uk estimate that there are still many thousands of rings, chains, bracelets, earrings and other trinkets which never get taken out of the nation’s jewellery boxes and that Brits are sitting on a billion pound unwanted gold mine.
YourGoldForCash.co.uk is different to most companies buying gold in that they are not tied to one gold smelter. They scour the market every day to secure the best prices for gold and ensure their customers get the very best deal. Prices offered by different gold smelters can vary by up to 20%.
Amongst the items sent to YourGoldForCash in the last month are an 18 carat gold bracelet worth £160, a very large 18 carat gold chain worth £340 and a 9 carat gold signet ring worth £85. However, they have also received much smaller items including a package of mixed odd gold earings worth £45 which none the less the owner was very happy to convert into cash.
David Sonnenthal, Managing Director of YourGoldForCash.co.uk, said: “Brits are sitting on a billion pound unwanted gold mine but they probably don’t realise how easy it is to turn that gold into cash. We’ve been inundated with enquiries from people who want to sell everything from wedding rings and earrings to huge gold chains and so far we’ve paid out over £25,000 for old and broken gold.”
Whilst talking about the valuations some of the customers have revealed what they plan to do with the money from selling their unwanted jewellery.
David Sonnethal said: “Most customers are simply going to treat themselves to a shopping spree or put the money towards a holiday or other big purchase but some are using the money to pay off credit card debts and loans. Whatever the reason though the cash is being put to better use than sitting in a drawer for years on end.”
YourGoldForCash.co.uk uses a simple three step process to take unwanted gold and platinum jewellery of any carat and in any condition and turn it into cash in just a few days.
Step 1 – The customer requests a free Goldpack via the yourgoldforcash.co.uk website. The Goldpack will be despatched the same day and contains a padded envelope with pre-filled personal details and a secure pre-paid envelope addressed to the valuation centre.
Step 2 – When the customer receives their Goldpack they simply place their jewellery into the padded envelope and pre-paid secure envelope and take it to their post office where they will be given a tracking code. They do not have to know what carat gold the item is as this will be verified at the valuation centre. The contents of the envelope are automatically insured for up to £500. Higher value items will be considered although special arrangements should be made directly with the company for their safe delivery.
Step 3 – When the items arrive at the valuation centre they will be weighed and examined for their purity. Once the value has been established, using the daily spot gold price, YourGoldForCash will call the customer with the valuation and if the customer agrees the money will be transferred into their nominated account the same day.
David Sonnenthal continued: “We give market leading valuations for unwanted and broken gold jewellery and we will return items free of charge if a customer decides not to accept our offer. Customers are generally amazed at how much their unwanted gold is worth and can’t wait to get their hands on the cash.”
The quality of gold (the more carats the better!), the weight of the jewellery and the daily price of gold will determine the value of each item so valuations will change from day to day as the gold price moves up and down.
Related categories: Invest in Gold and precious metals
