Looking at the UK gold price, one may wonder if the country is still in recession. After all, the UK gold price is traditionally high when the country is in a recessive state. However, the gold price remains high today even as the country and the world continues to recover from the massive recession that shook the core of the world financial system.
Although there are many historical precedents for how the precious metals market is acting during this particular recession, there are also some major differences as well. For instance, the UK gold price usually subsides during the recovery part of a recession as people find their way back into the securities market. This time, the precious metals market and the securities market are going up in tandem.
Could this mean that the UK gold price is somehow trying to tell us something?
Most investors do not have the time or the resources to worry about the particulars. In a time where many people are struggling to find their next job or their next meal, people are wondering one thing: How can I get involved in this new age gold rush before it runs out?
The answer is simple. Sell your own unused jewellery to gold dealers for a huge profit.
Most people think that in order to make money with any kind of investment, a whole lot of complicated things have to take place. This is precisely what the financial district was paid to make you believe before the Great Recession, when the walls came crashing down around the entire facade.
The truth is that there is no reason that the average person can not participate fully in the gold rush of today. The conditions that made it possible for the precious metals market to flourish over the past five years are still here. There is still massive uncertainty in the world market. Businesses are still unsure of what they are worth internally. People are flocking to and from securities because they are anticipating another recession or at least some blowback from the recovery.
The only thing that has stayed even somewhat steady throughout this entire debacle has been the UK gold price.
But this is not the price of just gold bullion. This is the price of all gold. This means that those earrings that you never wear are worth many times more than they were just five years ago. That pen with the gold handle could now function to help pay bills. Even the gold fillings in your teeth are worth more than when they were put in. You can sell all of these things for a premium to gold dealers.
Gold Investments and Tax Rebates /HMRC
In order to be a sophisticated investor, you must look at the surrounding conditions which caused the UK gold price to rise so quickly and stay up so consistently. As stated before, the conditions which were present during the recession are still present now. However in UK all income must be declared to HMRC, we strongly advise our clients to claim tax refund from HMRC first before declaring any profits arisen from sale of gold. This in our opinion means we get to keep a great portion of our hard earned money, more details can be found from www.taxrebateguide.com
China and India, as well as Brazil, are shaking up the world markets in a way that has never been seen before. The Western economic bloc is now being challenged by a credible threat that is not subject to military action. A great deal of the Eastern economic powers are also nuclear powers, which means that they hold credible political power in the world market as well. This virtually assures that the uncertainty in the market will continue.
If you have any gold jewellery, experts say that you should jump on the bandwagon now before the rising UK gold price experiences some sort of blowback. Over the long term, the UK gold price is expected to continue to rise; however, some investors may choose to take their profits in the short term. If you need money now, you can not afford this dip in the price over the short term.
Another reason to trade out your gold jewellery and other trinkets now is to lock in the present value of the market. When the short term dip occurs as people take out their profits from the precious metals market, you can buy back into the market if you have the expendable income. You can then profit twice from the same monies!