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Keep an eye on the gold price in UK pounds

Whether you're looking to invest in gold or sell off your old, unwanted or damaged jewellery it can pay to keep a close eye on the gold market in the United Kingdom to ensure that you get the best price possible when the time is right for your transactions.

Despite the uncertainty in the stock markets these past few years, it has become an almost universally accepted truth that gold prices will continue to rise for the foreseeable future, barring some wholly unexpected event.

The reason gold is so valuable is two fold. First, it's desirable because it looks great, and secondly, it's one of the rarest metals on the planet today. Add both of these to the fact that it is an extremely durable and long lasting metal and you've got yourself a really top notch investment (although it is worth pointing out that no investment is risk free, and there are several things that could happen to affect the value of your gold investment, such as a country's national bank placing their gold reserves on the market to generate revenue).

The second hand gold market is booming too. You can't look at TV for five minutes without seeing some loud, obnoxious gold buyer telling you that they're going to give you the very best price for your unwanted gold. However if you are planning on selling your gold in order to generate some additional income, then it's essential that you check out the gold price in UK pounds for that day before calling into the store.

Once you can display that you know how much gold costs, you are far less likely to be taken for a ride and offered a much lower price than your gold is actually worth. In order to do that, we recommend you keep a close eye on goldprice.org, a website that gives you the very latest information on gold prices across the global markets, and a tool that is every bit as helpful for those of you selling old gold as it is for anyone wishing to dabble in the markets.

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