Since the beginning of time, gold has always been considered a luxury, and it still is. Gold has the unique ability to catch the eye of any man or woman due to its rich hue, aesthetic and scarcity. What started as just a shiny metal for jewellery is now so much more.
Join us in this blog as we discover;
Why you should invest in gold, top 3 types of gold we frequently work with, factors affecting the gold prices, where to buy gold, how to buy gold, where to sell your gold, how to sell your gold safely and why you should choose LBJ watches to buy and sell gold.
Why should I invest in gold?
Gold is widely recognised as a commodity, asset and currency by people all over the world, and for that reason, it is a must-have for any portfolio. Firstly, gold can help you to hedge inflation; gold often has a low correlation with other investments and assets, which means it may not follow the path of traditional investments such as index funds during a time of crises and market volatility. During an unstable market or economy, people often look towards gold to help them preserve their wealth as a form of 'portfolio insurance'; this is because of its potential stability when compared to other assets. Gold is considered to be a 'safe haven asset'; similar to watches, gold often appears to have stability and retain value during periods of inflation.
Different types of gold
Before you purchase, sell or exchange your gold, it is important to know what type of gold you want or have, as this will determine the value significantly. Here are the top 3 types of gold that we frequently work with in the luxury goods sector.
Bullion gold
Bullion gold is the most basic form of gold and comes in many sizes of coins and bars. Bullion gold is often purchased as a form of investment. It typically comes in golds purist form of 24ct. We frequently sell bullion gold bars and coins of various sizes and value to our clients.
Gold scrap
Gold scrap is an umbrella term for gold that represents little value in its current form. Items such as broken and damaged jewellery can be melted down and refined to a pure gold form, which can then be repurposed within the industry. We buy gold in the form of gold chains, gold bracelets, gold earrings, gold watches and more that we consider to be gold scrap. So if you're asking yourself, "Where can I sell my gold jewellery?" or "How much is my gold jewellery worth?" look no further; contact us, and we can provide you with professional advice and instant quotes.
Gold Jewellery
At LBJ Watches, we offer a bespoke jewellery service. We frequently work with our clients to supply bespoke jewellery, such as chains, rings and bracelets, tailored to their specific requirements and preferences. A bespoke jewellery experience is like no other. If you are in the market for bespoke jewellery at a competitive price, contact us today. Our trained professionals will walk you through the process and educate you about the advantages of bespoke jewellery.
Factors that affect the price of gold
Many factors can influence the price of gold, the first and most important is the purity. Gold comes in 9ct, 18ct, and 24ct. 9ct is the cheapest and least pure and 24ct is the most expensive and subsequently the purest. The more pure your gold is, the softer it is so most jewellery tends to be 9ct or 16ct gold as it is stronger and therefore more practical to use for making things. Some others important factors for the price of gold are economic conditions and supply and demand. The demand for gold is mainly caused by the jewellery industry, investment demand and industrial and technological development. When more people want and need gold, it can create a shortage in the market, leading to an increase in price leaving many investors with a positive return.
Where does the gold supply come from? Gold supply comes from various sources, including mining production, gold reserves and the recycling of gold. The current state of the economy largely influences the value of gold.
Where can I buy gold in England?
There are various options when it comes to purchasing gold. You can buy gold online, from pawn shops, private sellers and several other options. The most important consideration when buying gold is the reputation of the seller. You should always read reviews and do your due diligence before making any payment. At LBJ Watches, we sell various types of gold, from bespoke jewellery to bullion, at highly competitive prices, so contact us today and get a same-day quote.
How can I buy gold?
If you want to purchase gold, whether it's 10 grams or 10 kilos, we have you covered. With our competitive prices, solid reputation and high-quality service, there is no reason why you shouldn't purchase your gold from LBJ Watches.
Where can I sell my gold?
If you want to sell your gold, you're in the right place. We buy gold. The best part is that we offer instant payment, professional service and a guaranteed fair price. Get in touch with us to sell your gold today.
How do I sell my gold safely?
Similar to buying gold, you also want to ensure you are selling to a reputable company with good reviews. When selling gold, it is also essential to do some research; doing some quick research will give you a rough idea of the purity, weight and market price of your gold and what to expect when it comes to getting paid. And finally, ensure the transaction is secure, and you receive all the correct documents.
We buy gold
Here at LBJ Watches, we remove the headache of selling your gold. Our quick 3-step process simplifies selling. Check out the form below to get started.
Step 1: Get in touch (Form Below)
Step 2: Bring your gold to our showroom in Hatton Garden (central London).
Step 3: Get Paid!
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