By Stewart Gillham
Gold is probably the most useful of all the minerals mined from the Earth. Its usefulness comes from its numerous special properties. Gold conducts electricity, does not tarnish, it is very easy to work, it can be drawn into wire, it can be hammered into thin sheets, it alloys with many other metals, it can be melted and cast into highly detailed shapes, plus it has a wonderful colour and a brilliant lustre.
Gold can be refined from a variety of by-products such as computers parts, electronics, jewellery and dental work. With the gold price per gram at its lowest in a long time, it can be very profitable to extract the gold from these scraps, refine them and keep it as an investment until the price rises again.
Gold is at an all-time lowest price per gram in the UK but its price is set to rise If your business operates in an industry which utilises gold and you have some scrap to refine, you may sit on a little pot of money.
Gold bullion offers distinct advantages that simply can't be found in the majority of other investments. These advantages give you power as an investor and one of these reasons is because the price is poised to rise significantly.
Even if gold is not used as money anymore, it serves as a long-term store of value - as money does. And gold fulfils this promise better than any currency.
Gold can also be looked at as a long-term investment with the potential to reap massive profits when the prices skyrocket - and with the unpredictable financial status worldwide, this could happen at any time.
Even if gold's price fluctuates, its value is timeless. By their very nature, all paper currencies lose value over time - gold instead will preserve your purchasing power.
How investing in gold can create security:
Gold is easy to sell, it is liquid and portable.
Owning gold as an alternative to financial assets is often seen as some sort of protection, a safe haven, which can come very useful in response to an imminent collapse or downward spiral of the economy.
Gold is also a mainstay and while other assets may depreciate during economic downturns, gold does not lose its shine or value for that matter.
It also works very well against inflation. When the cost of living increases so does the price of gold. It becomes a lot more attractive to investors because of this.
Gold is low maintenance and easy to store.
As the price of gold has been constantly decreasing in the UK over the past year (in the UK as worldwide), this may not be the best time to sell. However, should the need arise, gold is easily liquidated? Especially if compared to other assets such as properties.
You can check the current gold price per gram here. The price now is significantly lower than what it has been in the past. This means that if you are in the position to buy scrap gold and refine it, this is the time to do it. The benefits, in the long run, will be worth it. When it comes to investments, it is good to have a diversified portfolio and looking at the statistics below gold is still a solid investment.
1. The 1970s was great for gold, but terrible for stocks.
2. The 1980s and 1990s were wonderful for stocks, but horrible for gold.
3. 2008 saw stocks drop substantially as consumers migrated to gold.
Make sure you choose an expert gold refining partner, who can assess the value of your scrap gold and take care of the whole refining process, offering a completely free no-obligation sampling and assaying service. They should also be able to advise you on your manufacturing procedures which could be producing valuable scrap precious metal.
All Waste Matters offer specialist precious metal refining services to leading companies in a number of industry sectors. Precious metal refining or Metallurgy is the process of purifying an impure material into pure metal. https://www.allwastematters.co.uk/gold-price-2/
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