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Cashing in on Your Olympic Golds
How much is an Olympic gold medal worth? Discover how much an olympic gold is worth in real terms.
So after two exciting and intense weeks of sporting activity, the 30th Olympic Games came to a close in epic style last night. Athletes who put their lives on hold for four years or more, finally saw the fruits of their labours, with 302 gold medals awarded in all.
To most athletes they are priceless, but with many of the competitors not benefiting from the level of financial security that we are used to in other sports, some do have to cash in on their achievements.
So what does a gold medal from the London Olympics cost?
The raw materials that make up the gold medal are only worth around £410, with just one per cent gold and 92.5 per cent silver. Of course in reality they would fetch must higher prices due to their sentimental value, rarity, and historical connection, but their actual value is actually relatively small.
Your gold, however, may be a different story altogether. You haven’t had to go through blood, sweat, and tears to acquire it, and perhaps it doesn’t take pride of place on your mantelpiece. Many people today have gold simply gathering dust in their attic. Whether it be a collection of old coins, jewellery, or even old teeth, they might have large sums of cash just sitting there waiting to be found.
More and more people, during the recession, have been capitalising on their old gold. Gold really is like any investment, and when there is little or no sentimental value, it simply should be treated as such. Now is a great time to cash in on your gold. As many of the world’s major economies have slumped, the value of your gold has increased, and thus it is now time to capitalise.
But where can I sell it?
One of the reasons many people leave their gold laying around gathering dust, is because the process of selling it seems arduous. Well, it was once. These days, the internet revolution has brought gold merchants into your living room, and not only does this allow you to sell from the comfort of your own home, but also it gives you reassurance that you are getting a good price for your gold.
You may have seen adverts on television promoting the latest online gold merchants, and been tempted to give it a look. In truth, however, the best services don’t have big flashy ad campaigns. The more money spent on advertising, the more such companies will recoup at a later date, and thus the less return you will get for your gold. Really, you have to sift through the rough cuts, to find the perfect site to maximise your returns.
www.247cashforgold.co.uk guarantees you the best price for your gold, and offers you an easy and straight forward service allowing you to be confident throughout the entire process. They don’t use flashy, celebrity endorsed advertising campaigns, and thus, as a customer, you don’t have to contribute to excessive costs. You can track your money online, and if you are unhappy with a quote, you can simply request the return of your valuables.
As the world slowly starts to see the light at the end of this long tunnel of recession, time is running out for you to truly achieve the best returns for your gold. If you want to find out more, simply visit www.247cashforgold.co.uk, and get some extra cash in your pocket this week.
Page Updated Last on: Aug 13, 2012