Mmmmmm Gold!

Apple in Gold HandIf this recession hasn’t got to you, then you might consider a new filling for your sandwiches: gold. Yes, pure gold is in fact edible. Gold leaf can be found in some liqueurs and drinks such as Goldschlager.

According to The Business Insider one Abu Dhabi hotel reportedly served 11 pounds of edible gold to its guests in 2008, running up a bill of nearly €400,000!

If you’re thinking of feasting on gold leaf, bear in mind that the current high price of gold might make abstainence a tastier option!

How To Price Gold

Maginfiying ManA lot of customers ask us how the price of gold is determined. We set our gold price twice daily, which we take from the London Bullion Market . The price on the gold market, like any commodity is arrived at by market factors (the more people who want gold, the higher the price.)  Many investors are viewing gold as a stable investment in a turbulent market, so the demand for gold has gone up, along with the price of gold.

So what does this mean for gold recycling? Well, it means that our customers will be paid more for their gold. We set our gold price twice daily, ensuring we give customers the fairest and most accountable price possible. The higher the gold price, the more money our customers receive for their gold.

There are three main factors that influence the gold price we pay to customers

  1. The current market price
  2. The purity
  3. The weight

To get started recycling your gold simply request a free gold recycle pack today.

Cash For Gold Industry

Gold Items The ‘Cash For Gold’ industry has grown significantly over the past year. ForgottenGold.com were the first in the marketplace offering Irish customers the chance to recycle their old gold for money. Now the country is awash with different businesses and outlets offering to give cash for old gold items.

High Price Of Gold

The current gold price is at an all time high, making it an extremely sought after commodity. Like any market, the more buyers the higher the price. ForgottenGold.com set up in order to allow Irish customers to benefit from this high gold price and recycle their old, unwanted gold jewellery for money.  The gold collected from unwanted or broken jewellery is then melted down and sold.

The Benefits

The benefits to the environment are possibly the most significant. There is a finite amount of gold in the world and mining it can have very detrimental effects on the environment. By recycling gold, we are re-distributing the world’s gold stocks, and thus reducing the amount of gold mining necessary.

There are also benefits to the customer. The items which we accept for recycling are old, unwanted or forgotten gold pieces which are no longer used or wanted. Recycling gold allows the customer to make the most from their old gold items and to enjoy an unexpected windfall!

It is estimated that the gold recycling industry has created over 100 jobs in Ireland alone, no small feat for an industry that has been in operation for just over a year.

To recycle your old, gold jewellery simply request a free gold recycle pack here.