There is no hiding the fact that the economy in Great Britain is currently at the lowest point it has been in a while! The cost-of-living crisis is making life difficult for a lot of people in society, and selling your old scrap gold may be the way for you to beat this rising inflation. Here at Devon Gold, we have built up a pristine reputation for offering the best prices in Barnstaple, Devon, which is why you should come to us with your gold needs.

It is important to research the market before investing in anything, especially gold. The price of gold fluctuates regularly according to the state of the economy. In April 2023, inflation reached a 40-year high of 9%, making it hard to know how long this crisis will last, and how the economy will be in the long-term. Gold has historically been known as a hedge against inflation, which you can read about in our previous blog pages. The current inflation rise is set to last for a few more years, according to the UK Government, due to the pandemic and other economic factors. Previous economic crashes such as the 2008 property crash resulted in a global recession, in which we saw gold prices rise the most. Due to the rising inflation rates and current economic downfall, it can be said that it is the best time to sell your gold for the best price. However, it is vital to research the different prices offered by different companies, as many people offer different prices for the same thing. Here at Devon Gold, we have built our reputation for always offering the best possible prices for gold.

Since the start of 2023, the price of gold has risen by almost 10%, due to the global pandemic and global issues such as the Russian and Ukrainian war. The value of physical gold pieces, which you can sell has reached an all time high, as many people are scrambling to protect their assets at all costs – and selling gold is the best way to do this.

Here at Devon Gold, we offer an online and in-person selling process – so everyone is able to access us at all times. It is incredibly easy for you to access our online forms and send over your gold to us via post. By us buying your gold via our free sellers’ pack, we can offer you the best quote, security, and fast finance. It is also incredibly convenient for those members of the public who may not have the time to go to a physical jeweller. Also, it is available for all of those in the UK, so you don’t have to be local to sell to us, as well as saving time and ensuring your safety. For a guide on our free seller’s pack in detail, check out our specific blog page on selling to us online. Alternatively, get in contact with us today and we will be happy to help with any queries you may have.