Gold Dealers Under Suspicion
Gold Dealers Under Suspicion
An internet commodities pundit was recently quoted as saying that, “numerous complaints have been received about the currently fashionable gold-for-cash industry”.
But should customers be so surprised when they find out that all they are offered by these companies is the scrap value of the gold contained in the item, minus the (sometimes generous) margin that the dealer takes to run his business and make a profit?
As my old daddy used to say, “it’s not compulsory to take every deal you are offered!”
So, where might you get a better deal. What about a pawnbroker? Some might think this means jumping out of the frying pan into the fire – but effective regulation by the UK government, together with fast-changing attitudes of new entrants in the pawn business means that today’s pawnbrokers are a far cry from the Shylock types of the past.
Of course pawnbrokers, like gold dealers, are in business to make a profit. But they are not there to steal your assets. Today’s pawnbrokers see themselves as reliable and readily available sources of short term finance. They would much rather their customers paid off their loans and got their pledges back (and over 80% of pawn customers do pay back their loans) than go through all the hassle (and expense) of selling the pledge to pay off the loan.
So, if you are thinking of selling your gold, think about what you really want. If you want to get rid of something that you don’t really like, then perhaps you will be happy with a reduced % of the scrap value.
However, if what you really want is a short term loan, to tide you over, a pawnbroker’s valuation might give you a pleasant surprise. If the piece is of exceptional antiquity or design, you might find that the pawnbroker values not just the value of the raw materials, but also the workmanship of the design and the provenance of the workshop in which it was made.
You might even find that for a particular piece, you can raise more in a pawn loan than the amount you would be given by a gold dealer for the scrap value. And if it’s a precious heirloom we are talking about, then after you’ve paid off your loan, you’ll get your treasure back again.
Borro.com, the world’s first online pawnbroker, operates a totally discreet, convenient, safe and fast service. Everything can be arranged on your pc, at home. All goods are shipped by fully insured courier, and all loans are transferred electronically, directly into any UK bank account you wish to nominate – often within 48 hours of application.
Loans from £100 - £100,000 for 1 - 6 months (extendable by mutual agreement) are available without credit checks, intrusive questions and bureaucratic delays, and even if you eventually decide not to extend or pay off your loan, your credit rating will not suffer, and you will never encounter any set up fees, admin charges, early settlement fees (you can pay off the loan whenever you want, and you only pay interest during the period you actually use the loan), late payment fees, default penalties, debt collectors, court actions, bailiffs, asset seizures or repossessions – which is more than you can say for most lenders!
Find fast cash, easy cash at low rates with Borro.com. Whatever kind of short term loan you need, whether it’s a personal loan, secured loan or collateral loan, online pawn shop, Borro.com, advances cash for gold and money for jewellery in the form of an affordable, low interest rate loan. Get a cheap, no risk loan from short term loan provider, Borro.com.
Visit Borro.com today, or call us, free, on 0800 756 9877.
