High Precious Metal Prices Underline Need for Transparency

Gold prices are hitting record highs this year, and silver has enjoyed a spike of its own in 2020. This precious metals rush has attracted a lot of hot money into the markets, making a sale of scrap gold or silver very lucrative. But high prices come with the need for greater transparency from buyers. 

An increasing number of less scrupulous buyers have emerged during the current bull market, so it’s important to know how to spot them, and how to find a buyer you can truly trust. 

We make sure the price is right 

One of the things we do at Cash for Your Gold to prove our services are transparent is help customers make a sale by providing up-to-date prices of gold and silver to inform of what they could make before going head with a sale. In addition, we provide a clear breakdown of market prices offered by other vendors, so you can see how attractive our prices are relative to others. 

More unscrupulous or even fraudulent buyers might refrain from publishing clear rates to customers in this way, keeping prices close their chest. This short-changes the seller, and denies them the chance to see whether they’ve actually found the best offer for their items.  

It matters, because gold prices have doubled in the last five years, rising above £1,500 per troy ounce. The amount you could make has, in turn, risen sharply. That means you could expect to sell a gram of 9-carat gold for as much as £16.87 with us. If you have the intention of freeing up some much-needed cash with a speedy transfer, it matters to have prices right at your fingertips. 

Our gold price calculator can give you a near-instant price reading at any given time. All you need to input into it is the weight and the carat – or purity of your item. This is often indicated by an alphanumeric marking or code on the item itself. 

Prices continue to stay high 

The current climate could make for a perfect time to sell any old jewellery or other gold and silver items lying around in your home. Precious metals prices remain elevated for the time being, meaning you could make more cash by selling today than ever before. 

How do we offer such attractive prices for your scrap, you may ask? Cash for Your Gold handles transactions digitally, giving us lower overheads than most buyers. We’ve had over 20 years’ experience in the sector, so we know how to handle sales of precious metals with care. 

If you wish to make a sale today or simply wish to seek advice from experts in precious metals, don’t hesitate to get in touch with Cash for Your Gold today. Our staff are friendly and happy to help with all enquiries you may have. 

Not all buyers will be open and up-front about where they are operating out of, or where your gold is going. That makes prospective sellers uneasy. Here at Cash for Your Gold, we operate out of our offices in Wolverhampton, as listed on our Contact Us page. 

Due to the ongoing restrictions in place due to the pandemic, we encourage you to call us on 01902 623 253 or fill in this online contact form today. When full services can resume and restrictions are lifted, we welcome people to visit our offices after booking an appointment. In the meantime, we will do everything in our power to make sure you get exactly what you deserve for your gold or silver.