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Recession Sparks Golden Opportunity – Brian McDonald

April 6th 2009


There’s gold in them there rings. Recession-hit jewellery owners are selling their gold rings to an Irish firm which then converts them into gold bars for sale abroad. The firm is being deluged with offers of unwanted jewellery for which it pays the owners by cash or cheque. The company ForgottenGold.com is offering a simple, easy to use service which is fast becoming a winner with customers desperate to find new ways of generating hard cash.

The company was established following research in the US where similar businesses have been thriving. It says it offers a “fair price” for the items supplied and, once the deal is done the gold content is melted down into gold bars which are then sold on the international market.

Niall Marren of ForgottenGold.com says the service is discreet, conducted entirely by post and each customer is offered a price based on the amount of gold in the item supplied. If they are not happy with the price, the item is returned at no cost.

"So far, the indications are very encouraging. We studied what was happening in the US and, based on the experience there, we took their best practices and are now using them" he says. Mr Marren believes that almost every household has items of jewellery lying discarded in a drawer or elsewhere at home. His service offers a ready solution to realising its value without any fuss. Customers are supplied with a Gold Recycle Pack to enable them to post their gold items in absolute confidence. Once the recycle valuation is completed an offer is made. If accepted a cheque is issued without delay.
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