How Do You Get The Best Gold Price Per GramWhen Looking To Sell?Following the recent decision by Britain to leave the EU, the value of gold priced in £GBPhas soared. Investors made an immediate move towards "safe haven" assets.
United Kingdom -- Free-Press-Release.com -- Dec 30, 2016 --Cashforyourgold.co.uk, a leading online marketplace for scrap precious metals,experienced record numbers of customers cashing in on their unwanted gold after theBrexit results were announced. This has been due to a sudden rise in gold prices socompanies like Cashforyourgold.co.uk have been paying up to £10.65 per gram for 9carat gold.
An important factor that contributes to gold price is the interest rate. Reports tell usdemand for gold typically soars when interest rates are low as they are currently inthe UK. Although, gold has no fixed interest returns on your investment as youwould receive with traditional ISA's or other cash savings it does however offer abetter longer term investment.
Global demand for gold
Rising populations in countries like China and India, where there has always been astrong connection with gold because of its cultural and sentimental significance havealso contributed to soaring gold prices. In India, gold is seen as an investment fornow and to pass down through generations and is used heavily during weddings toexchange between families. The exchange of gold during a marriage in India signifieswealth. Generally, the amount of gold a woman brings to a marriage gives herfinancial control and power in her new life. The parents of a bride will invest in goldfrom the moment their child is born knowing that it will contribute to her beingmarried into a good family. Although, dowries no longer formally exist in themajority of weddings in India there is still an expectation that each bride must bring acertain amount of gold into her new home.
Gold miners have been some of the biggest beneficiaries of rising gold prices. As theprice of gold goes up, the miners' margins improve, meaning the potential return toinvestors goes up. Therefore, equities become a better bet than holding theunderlying commodity. With gold prices already having a great start in 2016,forecasts predict they will continue for the remainder of the year as gold usually hasmuch better performance in the second half of the year because of buying patternsrelating to festivals in the Middle East, India and China, as well as Christmas in theWest.
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As a result of the recent BREXIT announcement the price of the British Pound is stillfalling, gold is at a 30 month high with some stocks having been affected positively.As the world has usually seen; when there are major global events the markets reflectthe impact. Therefore, visiting Cashforyourgold.co.uk today and cashing in on yourunwanted gold is highly recommended.
Contact Information: -
Tel: (01902) 623 253(9am - 5pm Monday - Friday)
Group International (CFYG)
Innovation House
410 Stafford Road
Wolverhampton
West Midlands
WV10 6AJ
Contact Information:Name: Mike Butler
Company: CashForYourGold
Telephone: 01902 623 253
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