Buying and selling Gold

[Coaster]

Anyone seen the advert on telly about buying gold?
just wondered if it's as easy as they make it appear on tv.
Getting gold delivered to you and then having to store it,


do they buy it back at a lower rate if you need some reaqdy cash.??

would I need to melt it down and make eifel towers and spray em grey to look like lead? lol

 

[EFLImpudence]

Bit like webuyanycar I suppose. Offer you peanuts.

They offered me £70 for a car for which I got £175 scrap.

 

[RogueHanger]

Anyone seen the advert on telly about buying gold?
just wondered if it's as easy as they make it appear on tv.
Getting gold delivered to you and then having to store it,


do they buy it back at a lower rate if you need some reaqdy cash.??

would I need to melt it down and make eifel towers and spray em grey to look like lead? lol

Bit like webuyanycar I suppose. Offer you peanuts.

They offered me £70 for a car for which I got £175 scrap.

I think, I may be wrong (although I've never been before. )
but I believe the OP was talking about buying gold, as in bullion bars, not selling it, as in scrap jewelry.

As far as I know there are about three basic options, but there may be more.
1. Buy gold and keep it at home, in a safe, in a safe-deposit box, etc.
2. Buy gold but leave it with the seller to keep safe for you.
3. Just buy shares in gold.

Careful because there some scams about buying gold. It usually involves the second option but there isn't any gold in reality.
If you choose any option take care to use reputable dealers, etc. Even take advice fom your bank.

As far as selling it when you want, you should be able to get the going rate, especiallyn if you hold it yourself. If the seller is keeping it safe for you, look carefully at the contract to see if you can sell it on the open market.

 

[Big Tone]

They all boast that "we give you the best deal". So ignore that crap.

I sold a gold necklace earlier this year. I got offers between £290 to £320. So it's worth looking around and there's no fee for a quote of course.

I actually ended up going to The Jewellery Quarter in Birmingham where I got top price. While there I saw a man, in a Bentley with full trim, pulling out from, I presume, his own business. Registration AU1 How appropriate eh?

Knowing a thing or two about reg plates, I spoke with a nice man regulating the parking around there and said "that's got to be worth a bit?" Found out the plate alone was approx £250,000! There's a good business buying and selling reg plates I think. Er, Brum's probably a bit too far to travel for you to make an extra few pounds.

As Rogue says, go to a reputable dealer and I personally wouldn’t do it by post. There are Stands in a local Mall, Shopping Centre as you Brits say, which are commonplace now. You won't get top dollar from them.

Add: Just looked online. Rolls Royce built in 1937, (You wouldn't think it to look at it). 7.3 Litre. Wouldn't mind looking under the hood/bonnet.

 

[Nige F]

a bit?" Found out the plate alone was approx £250,000! There's a good business buying and selling reg plates I think.

how much would PEN 15 be worth - it does exist , as does 130 lox

 

[Biker1959]

a bit?" Found out the plate alone was approx £250,000! There's a good business buying and selling reg plates I think.

how much would PEN 15 be worth - it does exist , as does 130 lox

Not much- the market would be limited to small blokes with big cars

 

[Doug99]

Like all investments, Gold is only worthwhile if you buy low and sell high.

Gold peaked at around $2000 an ounce after the world's economy crashed in 2008. As the economy is now picking up, the same gold is only $1300 an ounce.

If you think another crash is pending, now is the time to buy. But always do your own research

 

[Big Tone]

You used two different currencies there Doug. To put it into perspective, can you make that easier on my brain mate?

 

[Doug99]

Sorry BT - Finger trouble. Edited to reflect that gold is priced in US$/oz on the international market.