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Gold is the ultimate precious metals. It’s been used as a form of currency for centuries, people wear it, search for it, have clashed over it and assert their authority and status by owning as much of it as possible. So, despite its value and it’s significance, why are more people than ever selling their gold jewellery and gold items?
We’ve all seen those daytime ads on TV, and heard those segments on the radio encouraging people to sell their gold for instant cash, and it seems to be working. With more people than ever before parting with their scrap, broken and damaged gold items – click here for the best place in Birmingham to sell your gold – why the sudden gold rush? Read on to find out why more people than ever are selling their old gold jewellery.
The price of gold
Like all precious metals and other markets, the price of gold will fluctuate throughout the year due to various factors. However, these fluctuations are only minor, and the overall value of gold is relatively constant, which means people who have recently inherited gold items or those who have rediscovered broken and damaged jewellery, old coins or even dental gold can cash in on the best price.
The price of gold has continued to rise over the last few years and it shows no sign of stopping, so if you have gold, it’s worth looking into. Remember, when you sell your gold via lois-bullion.com you’ll always get the latest, spot gold price and you’ll never be at the mercy of hidden fees or charges.
Fashion trends
Fashion trends come and go, and gold jewellery isn’t always in the spotlight. A few short years ago, large gold hoop earrings might have been your go-to accessory, these days a perfectly curated ear with delicate and subtle piercings, cuffs and studs is considered on-trend. Gold jewellery, particularly older pieces can often look tacky and fail to mix with modern fashion styles. So, if your gold items look out of place in your wardrobe, why not sell them on for instant cash?
A much-needed cash injection
The cost of living is rising, and our salaries are struggling to keep up. And the current global pandemic has meant many of us are managing with reduced hours, furlough schemes and being let go entirely. When funds are low, selling items of value is often where people turn to next and old, broken, and unwanted gold pieces are a quick and easy way to boost your income, pay the bills and provide a little financial breathing room.
Relationship breakdowns
It’s a cold, harsh reality but divorce rates are going up – hardly surprising with the mounting pressure we feel in our daily lives. And as relationships breakdown, there’s often an abundance of discarded gold jewellery, gifts and items that are no longer wanted. Selling on old gold can help people move on and enjoy a much-needed cash injection for their trouble.
Final thoughts…
If you have old gold items that you want to sell, check out lois-bullion.com for the latest spot, gold price.