If you say that 2020 has been a magnificent year for gold, perhaps no one would consider it to be an overstatement. Gold prices in pound sterling peaked at nearly £1,500 in the summer. And it is more than double in only five years.
Interestingly, it seems like the price of this precious metal will merely continue to surge in the coming days, reaching new record gold price levels. With this in mind, if you own scrap gold or any unwanted gold jewellery, you can take advantage of the current gold price surge.
Sell your scrap gold or any other gold items to the trusted gold buyers at The Luxury Hut and get instant cash for gold without any obligation.
Thus, you can consider that 2020 is presenting a new gold rush. Moreover, this reverberates with news of two lucky diggers from Australia who discovered something of a lifetime.
These two men unearthed a pair of gold nuggets in central Victoria, Australia. The nuggets weigh a total of 3.5kg and have been valued at approximately £268,287. The sum is enough to make a great fortune for each digger.
Nonetheless, let’s today delve into why 2020 can be considered as a golden time to sell scrap gold.
Preventive Approaches Can Boost Gold Prices
No doubt, the pandemic has disrupted the global economy in all possible ways. Many countries are yet imposing restrictions to control the spread of COVID-19. Eventually, most of the investors are carrying a risk-off attitude.
Moreover, policymakers have implemented a substantial amount of financial impetus for preventing the world economy from crashing into a deep recession. Such approaches have escalated the prices of precious metals in the past.
So gold is always considered as a safe-haven asset as its prices only increase, especially in harsh economic conditions. The precious metal offers more significant advantage than other investments.
If you have scrap gold or any other kind of gold jewellery that you no longer wear, you can decide to sell your gold now or in the coming months. You can rest assured to make excellent gains.
And if you wonder where to sell gold for cash or who are the best scrap gold buyers in London, the only name to trust is The Luxury Hut.
Here at The Luxury Hut, we track the spot gold prices every day and thus, will make you the most updated and competitive offer based on the metal’s price on the day of valuation.
As one of the most trusted scrap gold buyers, we always aim to offer the highest amount of cash for gold.
Nevertheless, as long as the risk-off market attitude stays in place, you can expect that the prices of gold will remain high. And 2020 offers you this golden time to take advantage of and secure a premium by selling your unwanted gold jewellery or scrap gold.
Best Way to Sell your Scrap Gold
Scrap gold buyers at The Luxury Hut offer you a quick and secure way to sell scrap gold and raise instant cash.
Fill up our online form, providing details on your gold as much as possible and get a free accurate quote shortly. Or call us on 0207 242 5411 now to book an appointment at our office in Hatton Garden, London.
We will appraise your item and make you a fair and competitive offer, based on the gold’s price on the day of valuation. Accept it and get your cash for gold immediately without any obligation.