We will have to live with the virus for many months and we have made a reason for it. We will have to live with the economic consequences for much longer ... and here the battle gets even tougher. Because once we are out of the emergency we will go back to making quick calculations, those of families, those of small and medium-sized enterprises that keep United Kingdom on its feet.
All of us at this moment need liquidity, for the expenses of each day or for small and large investments to restart the company. Selling the gold that you have at home or kept in safes can allow us to put together a nice capital, today that the yellow metal has risen again to rise .
Gold at the maximum: is it time to sell?
If you need liquidity, absolutely yes . This could be an excellent time to make cash and sell physical gold , whether it is used gold from goldsmith products or ingots and coins that had been invested over the years.
Let's quickly analyze the state of the art.
· Gold is at its peak and has traveled above € 50 / gr since April 7.
· Oil, on the other hand, continues or hits a downward record and today is 1/3 of what it was worth at the beginning of 2020. A truly eloquent sign of a highly unstable situation.
· We crossed the threshold of the worst recession after the 1930s with an expected GDP of -3%.
· Stock exchanges have started to rise again, but the trend is to escape from investment risk
· The economic maneuvers of all western countries point to "powerful" injections of liquidity with interest rates reduced almost to zero and an inflation danger, so far only ventilated, but concrete in the medium term
All these factors contribute to pushing up the value of safe haven assets .
Read also: Gold
rush in times of pandemic
And the future of the economy?
A Federal Reserve study pointed out that although we speak of this crisis as the worst after World War II, the consequences will be heavier. Comparing, with due caution, wars and pandemics of the past, it was possible to deduce that from a war we recover faster than from a pandemic .
Considering a more reactive and healthy economy than the dark centuries of the plague or the Spanish years, it may take 40 years for interest rates to rise again and with them the propensity to invest .
We learned to see many certainties skip during this period:
· Household incomes are reduced to a minimum , many United Kingdom have had to apply for various types of subsidies, from layoffs to bonuses to citizenship income, and many will have to resort to loans.
· Firms, which have been stagnant for weeks, need liquidity in order not to go bankrupt and meet expenses.
· If the unemployment rate has been falling steadily for several years, it is likely that in the coming months it will see a sharp rise , because many companies will have to reduce their staff if not to close their doors.
Inflation, as we have said, is more than one possibility and will have an important impact on households' spending power
Where and how to sell used gold safely
Sell gold is a great way today to get more liquidity. Who to contact to sell the gold that we keep in safes or safes and to get the most out of the gold we intend to sell.
Just do a quick online search to realize that there are dozens if not hundreds of businesses that buy used gold in your area. Just choose one at random? Obviously not. Who to rely on?
The 4 golden rules to keep in mind
· Contact a Metals Bank to be sure of quotes and security of the transaction. A Banco Metalli is a company that deals with the professional purchase and sale of precious metals and is regulated by strict rules and must guarantee stringent requirements. Trust Gold Buyers only if they are registered in the Gold Buyer Register.
· Always personally check weighing and gold quotation , check the gold quotations used in real time.
· Accept cash payments only under € 500 as required by law.
· The only eligible expense in each transaction is € 2, the cost of the revenue stamp to be applied on the registration document of the transaction. All other expenses, if they do not concern your particular requests, are to be considered irregular.
Almost sixty years of experience in the sector of buying and selling precious metals make Cashforyourgold a synonym of experience, competence and safety . In addition, the continuous drive for innovation allows us, today more than ever, to reach you wherever you are to take care of your investments and to allow you to monetize your gold in absolute transparency .
Sell your used gold from home too
With the lockdown and the restrictions on mobility also foreseen in phase 2, it is not always possible to reach our offices in Wolverhampton. In the same way if you live far from our office, but you still want to rely on the experience of Cashforyourgold, now you can do it while staying at home with the Orobit service , the innovative online remote recognition service that responds to all the needs of our customers who they need to monetize their gold (ingots, coins, jewels, used gold but also silverware). You can sell or divest your gold whenever you want : we collect it, evaluate it with you in a video interview and pay it in a few days.
It is a simple and convenient service:
· Enter what you want to sell in our portal
· Book a video interview
· Send us all the documentation
We will send an insured courier at our expense to collect your valuables and we will contact you on the date indicated by you to proceed with the recognition, the opening of the package, the control of its contents and the official quotation.
In a particular and unusual historical moment you need certainties and a safe haven . Trust your consultant or our experts, stay informed, be rational.
For any information, do not hesitate to contact us! Our consultants are always at your disposal by telephone on +44 1902 623253
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