Archive for September, 2009

Who Can You Trust ?

Thursday, September 24th, 2009

With the sudden realisations that scrap Gold prices are at an all time historic high, its little wonder that there has been a sudden rush by the general public to hunt through draws or scour forgotten jewellery boxes for broken or out of date gold to turn into cash.

But where should you go?

In an attempt to answer this conundrum BBC Radio4 sent its presenter Martin Lewis for Money Box Live into a Gold factory.

They also set researcher Ruth Alexander the task of comparing high street jewellers and pawnbrokers with TV advertised Internet based companies to see how good the deals really are.

As part of her research she contacted POSTGOLDGETCASH, a company exhibiting exponential growth in the gold purchasing market and spoke candidly with the Managing Director, and head of Valuation Dept.

ALEXANDER: “I looked into ten of these websites. Some have online calculators; others gave me an estimate over the phone; but some insisted they don’t give out quotes without seeing your jewellery. So I got the prices for seven. Now bearing in mind the wholesale price of 9 carat gold is currently about £7 a gram, the prices offered by the websites range from £4 a gram to £6.65 – and that’s a big difference.”

PostGoldGetCash.co.uk “Our purchase price follows the wholesale price very closely. Taking into consideration our part of the trade operates in Kilograms of Gold not grams there will always be a small time lag between PostGold buying individual items and getting the gold into the smelt. Prices do fall as well as rise, and we have to take a daily view on the market. I would like to think taking out our minimum overhead costs and this time lag factor we offer prices near par value.”

LEWIS: Of course I suppose you can just go to the high street and sell your gold direct to a jeweller or a pawnbroker. Is that a safer way of doing it?

ALEXANDER: Well a qualified expert told us you should be able to get between £3.50 a gram and £5.50 a gram for 9 carat gold. Again a wide range of prices on the high street and less than the websites claim to offer.

PostGoldGetCash.co.uk. “Our business is merely using the Bet Fair principle of taking the middle man out of the equation and passing on the savings to the customer. We pay prices way above those typically offered by high streets shops because our overhead costs are insignificant.”

The truth is ,that if you feel safer with a face to face transaction then certainly you should take your items down to several high street stores, but you will almost certainly get less money for them over the counter, (may be as little as £3 per gram,) than by using a trusted Internet site.

www.postgoldgetcash.co.uk were one of the few internet gold sites happy to talk with the consumer champion Money Box Live, and were very happy to be quoted as one such trust worthy site.

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Beware ‘Gold Tupperware’

Thursday, September 17th, 2009

First came plastic Tupperware parties and now sitting rooms across the UK are hosting ‘Gold Tupperware Parties’ – the so-called sociable and fashionable way to get rid of unwanted jewellery.

According to a survey by the Financial Mail, however, opportunistic buyers could be exploiting party hosts and their guests by offering them as little as £1 per gram, compared with a scrap rate of around £6 per gram.

“Door to door companies that set up these parties via leaflet drops are not offering sellers the true value for their unwanted gold,” says Vivien Brown of top gold buying website Post Gold Get Cash. “It is so important that sellers go to the reputable website that has a proven track record of high customer service and seller satisfaction.”

Post Gold Get Cash only sends money to customers when they are 100% satisfied with the valuation. There is no rush to make a decision on your valuation or pressure to sell. Brown adds: “The idea of selling in a high spirited party atmosphere just doesn’t make sense. Always go to a trusted, reputable website for the best service and the best deal on your gold.”

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Gold prices hit an 18 month high

Wednesday, September 16th, 2009

Gold today hit a new high of $1020 per ounce prompting more and more people to cash in their jewellery. Gold dealers reported high volumes of business as people are choosing to beat the credit crunch by turning unwanted gold into cash.

Mrs Davis a housewife from Taunton in Somerset said “With the gold price so high and the recession continuing it makes sense to sell something I never wear”. She sold her gold through one of the leading online players www.postgoldgetcash.co.uk and was very pleasantly surprised by the price they paid her.

“I couldn’t believe the price they paid for a necklace that had just sat in a drawer for years” said Mrs Davis. She went on to say “I posted my gold in their secure envelope and they called me the next day with the price and by the following day the money was in my account. They were really helpful and polite too.”

More and more buyers are springing up on the internet to buy gold but some are less scrupulous than others. John Dawson of Post Gold Get Cash told us “Some buyers just post a cheque and expect the customer to accept it. At Post Gold Get Cash we always call the customer to give them the valuation and make sure they are 100% satisfied”.

So if you are going to sell your gold online use one of the most reputable players such as www.postgoldgetcash.co.uk

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