Where to Sell Scrap and Broken Gold New Zealand
You’ve probably seen the news about the record high gold prices and wondered if you can cash-in for yourself? Perhaps a friend has mentioned about Gold Smart – buyers of scrap gold for cash in New Zealand?
This week has seen a strong move in favor of people wanting to sell gold with the price touching it’s record high and the New Zealand dollar weakening against the US dollar. When this happens we advise customers to move quickly because prices are changing all the time and no one can accurately predict what the next move will be.
The condition of worn, broken or damaged gold/silver does not matter because at Gold Smart we are basically recycling gold. The environment benefits too because when you are selling gold in New Zealand it’s far more efficient than mining new gold from the ground – which requires large amounts of energy and highly toxic chemicals (including cyanide, lead and sulfuric acid). It can take around 1 ton of grade ore to extract as little as 5 grams of fine gold!
At Gold Smart we pay high prices for the value of your unwanted gold jewelery – please check out our impressive and growing list of Testimonials from Successful Sellers to see what people say about selling to us! Don’t take our word for it because the best referrals we get are from happy customers!
So if you are wondering what that old jewelery in your draw is worth, the price of gold, gold coin values, or simply want to learn more about how simple it is to create significant amounts of cash, then call the friendly and professional Gold Buyers at Gold Smart today!
The New Zealand Commerce Commission released an interesting press release on the 26th of July that relates to Budget Loans Limited pleading guilty to 34 breaches of the Fair Trading Act.
“Consumer legislation such as the Credit (Repossession) Act and the Credit Contracts and Consumer Finance Act provide important protection to lenders and borrowers alike. All lenders need to ensure that their business practices and contracts comply with the relevant consumer legislation, as failure to do so means businesses run the risk of breaching the Fair Trading Act,” said Graham Gill.
Budget Loans has reversed or refunded over $400,000 of the approximately $500,000 of overcharged interest and fees. The company has agreed to reverse or refund the remainder of the overcharged interest and fees as well. The Court recognised this reparation in setting a fine for the offending.
During the Commission’s investigation Budget Loans also voluntarily reversed or refunded an additional $571,000 to its debtors in relation to credit fees that were not the subject of the current charges.
Campbell Live Investigation - Pt.1
Last night Campbell Live ran two videos about the real cost of taking a loan from various Auckland’s Pawn Dealers (or “Loan Sharks“).
We blogged about it a few weeks ago how some companies take advantage of people when they are vulnerable. It was interesting to hear what they had to say about Warriors star Stacey Jones fronting TV ads for Instant Finance. From the article it appeared as though there was a difference between what Mr Jones understood their finance rates to be and what they actually are.
The simple reality is that very high interest rates can be extremely difficult or impossible to repay. The advice from the Gold Smart team is to seek independent advice on budgeting and cash management. The government of New Zealand provides such services at no cost – only will power and discipline is required by the person needing help.
- Campbell Live Investigation – Pt.2
When it comes to selling gold, you must ensure that you’re not binding yourself to repaying high interest rates from companies or individuals offering loans. The process for receiving the best price for your gold jewellery and gold bullion is simple – call our friendly team as we’d be happy to talk through the details.
*Sell Gold to New Zealand’s Gold Buyers – Gold Smart.
Why Sell Gold when you get 360% Finance Rates?
Pawn Shop:
- a pawnbroker (or pawnshop) is an individual or business that offers secured loans to people, with items of personal property used as collateral.
Pawn:
- a person used by another to gain an end,
- the pawn is the most numerous and (in most circumstances) the weakest piece in the game of chess, representing infantry, or more particularly armed peasants or pikemen.
Being gold buyers in New Zealand we occasionally have customers ask us if we will lend money on gold jewellery items as security. There are unscrupulous pawn shops and loan sharks that will take advantage of vulnerable Kiwis needing fast cash or a payday advance.
At Gold Smart we have the opinion that debt is not the answer – especially if you have other finance commitments. We’ve had customers tell us about companies charging 360% interest per annum! If someone chooses to “pawn” their gold and not sell it, it’s likely they will lose because the high interest rates wipe out any potential gains in the gold price (opportunity cost). They also have control over your items and based on the law of averages, a certain amount of people will slip on their obligations and your items then become their property. The pawnbroker can then sell your items via a public or internet auction website. You’ll lose any interest you’ve paid, the items and the potential return you would have made from selling your gold to Gold Smart.
Basically more debt is not a smart idea. We can’t provide financial advice, however with some research you’ll find all the templates and budget plans that will help you get back on top of things. If you have gold (or silver) to sell in New Zealand, and you are looking for the best value gold price talk with the friendly and professional team of gold buyers at Gold Smart.
Check out our Testimonials and see what customers are saying about us!
P.S. Based on a loan of $1,000, you would have to pay back $3,600 after 12 months!!
A Golden Opportunity for Smart People
There’s a new business in town that’s helping you get the best price for your unwanted gold.
Gold Smart was founded to provide a friendly, confidential and professional service to help people sell their unwanted gold for cash. The company is based in central Auckland with reps in the North Island and more to be appointed in the South Island.
Senior Gold Buyer Anita says, “Indian gold is unique because of its high carat so it becomes very important to ensure you receive an accurate weight based on the correct carat. The items customers bring us can be very valuable and we pride ourselves on clear, open and honest communication throughout the process.”
Gold Smart turns gold into cash at a time when prices are at historically high levels.
The uncertainty in global markets has pushed the price of gold to record levels and Gold Smart lets you cash-in at a time when prices are favourable.
Anita from Gold Smart says, “People sell to us for many different reasons, however they all leave happy and feeling positive from being treated professionally and with respect. Customers tell us that our prices are really good compared with others in the market.”
Summarising Gold Smart’s points of difference, Anita says, “Firstly we are discreet. There is no one looking over your shoulder such as at a retail shop and especially in a shopping mall. Confidentiality is assured and appraisals are made in a private/secure location.”
As Gold Smart do not have the high overheads of a retail shop, this means they can pass better rates on to customers. “People are also pleasantly surprised by how easy and fast the process is,” Anita says.
For convenience Gold Smart staff are available anytime by appointment to work in with the varying job and family commitments of customers. Appointments allow the Gold Smart team to dedicate their attention to every individual. Weekends and after-hours included.
Experience is important in this business. “We’ve had many customers come to us who have been treated poorly by pawnbrokers and second-hand dealers. They say to us that going to a second-hand shop or an old hall in the middle of nowhere is a real turn-off. They can now sell their gold in a fun, warm and relaxed atmosphere,” says experienced buyer Anita.
The Gold Smart team are relaxed and friendly, and there is no pressure to sell. “We enjoy meeting with our customers and helping them to fund their goals, whether it be a holiday, to make a relative’s wedding, or just a long overdue treat for themselves and their family. We want to provide a positive experience that people enjoy and remember,” says Anita.
This is summarised in the many testimonials from contented customers on the Gold Smart website. Gold Smart have many repeat customers and grow their business through referrals.
“Our business grows through word-of-mouth and every customer matters to us. No matter how large or small the purchase you’ll receive the best deal for your outdated and unwanted gold,” says Anita.
Contact Anita:
www.goldsmart.co.nz
0800-465-376 (0800 gold smart)
Gold Price per Gram – Gold Buyers in New Zealand
Unless you live in a cave you’ll have heard about the record high gold prices per ounce – at the time of writing the price of gold is around US$1212 per ounce!
The prices of gold have doubled in recent years meaning the old gold jewellery that you no longer need or wear can be converted into cash. When selling gold you should keep in mind exchange rates as we buy gold in New Zealand dollars – this can create times when gold prices per gram are very high however a strong New Zealand dollar can cancel out gains made in the spot prices.
Gold price movements are impossible to predict and are affected by many variables including currency strength, stock markets, interest rates, inflation or deflation, sentiment and so on. It’s possible to bet on price movements through Options and Futures however these are considered quite risky and only for sophisticated investors.
Warren Buffett in a 1998 presentation at Harvard said of Gold, “It gets dug out of the ground in Africa, or someplace. Then we melt it down, dig another hole, bury it again and pay people to stand around guarding it. It has no utility. Anyone watching from Mars would be scratching their head.”
Another more recent and famous commentary made by Warren Buffett came in an article he wrote for the Wall Street Journal in October 2008…
“A simple rule dictates my buying: Be fearful when others are greedy, and be greedy when others are fearful. And most certainly, fear is now widespread, gripping even seasoned investors. To be sure, investors are right to be wary of highly leveraged entities or businesses in weak competitive positions. But fears regarding the long-term prosperity of the nation’s many sound companies make no sense. These businesses will indeed suffer earnings hiccups, as they always have. But most major companies will be setting new profit records 5, 10 and 20 years from now.”
“Let me be clear on one point: I can’t predict the short-term movements of the stock market. I haven’t the faintest idea as to whether stocks will be higher or lower a month — or a year — from now. What is likely, however, is that the market will move higher, perhaps substantially so, well before either sentiment or the economy turns up. So if you wait for the robins, spring will be over.”
So what’s holding you from turning that old gold into good cash to invest in things you need?
Would you sell your jewellery to people that buy from criminals?
It’s common knowledge that there are companies and certain individuals that have no problem buying items of suspicious origin. It turns out this has not gone unnoticed by the New Zealand Police and about 240 police officers executed 44 search warrants on Wednesday and Thursday following months of investigation into compliance with the Secondhand Dealers and Pawnbroker’s Act.
The Police have now made it public that some secondhand dealers have knowingly been buying gold (particularly as melted gold) from dubious origins. The laws that have been established to protect the public are very clear and provide appropriate guidelines that help Police find, track and recover stolen property.
When you are considering selling gold, would you want to take the risk by dealing with one of these types of companies?
Gold Smart takes pride in its professional conduct as licensed gold buyers – make the right choice, deal with the company you can trust – Gold Smart (the smart choice).
NZ HERALD, Friday 23 April
Police have seized cash, drugs, guns, electronic equipment and about $300,000 of watches in an operation targeting secondhand dealers in the Auckland Region.
Operation Castle focused particularly on the trade of stolen gold. Police said secondhand dealers had been buying stolen gold jewellery, melting it down and selling it to gold bullion dealers.
About 240 police officers executed 44 search warrants on Wednesday and Thursday following months of investigation into compliance with the Secondhand Dealers and Pawnbroker’s Act.
Police had concerns around the compliance of 115 of Auckland’s 858 licensed secondhand dealers and 94 breaches of the Act were detected during the compliance checks.
The officer in charge of the operation, Detective Inspector Greg Cramer, said gold jewellery had been the item of choice for many burglars after its price doubled from US$600/ounce in 2007 to US$1,200/ounce in three years.
“Generally such items are relatively small, portable and they provide a high return,” he said.
“When it comes to gold jewellery, it would appear that some dealers have knowingly been buying it, melting it down and on-selling to gold bullion traders, in defiance of their statutory obligations.”
All dealers must be licensed to trade and must retain property they’ve acquired for 14 days, before they’re able to on-sell.
“Traders should always question why a customer has melted gold product to sell, particularly if there’s a regular supply from that customer,” Mr Cramer said.
Anyone who has information about non-compliant secondhand dealers, questionable business practises or active burglars, should call their local Police or provide information anonymously to 0800 CRIMESTOPPERS – 0800 555 111.
- NZHERALD STAFF
Gold kiosks panned for poor prices
By ROB STOCK – Sunday Star Times
All that glitters: Mall gold buyers have been criticised for low prices
KIOSKS HAVE sprung up in shopping malls all over the country offering to buy your unwanted gold as US dollar prices soar, but they may not always offer the best deal for those tempted to sell.
GoldBuyers New Zealand, a Kiwi company part-owned by Aussie firm GoldBuyers, has opened kiosks in 14 malls throughout the country with a further five about to open, and is seeking to take advantage of a big spike in the gold price which is tempting many people to cash up their old gold.
Gold prices have spiked to $US1112 ($1587) a troy ounce from around $US850 ($1545) a year ago as speculators and investors have sold up shares and other assets to buy gold, which has the reputation as a safe haven in periods of financial crisis.
That has suddenly made it appear a valuable commodity and enabled gold buyers to offer more attractive prices for unwanted family jewellery.
But those selling their gold need to realise the cost of recycling their gold, and the margin the gold-buyer takes, means they are likely to get less than half the value of the gold content of their unwanted bracelets, rings, earrings and necklaces.
And, judging by a mystery shop by the Sunday Star-Times, the mall is one of the worst places to go to sell gold.
The first most Kiwis will hear of GoldBuyers New Zealand is when a salesperson in a mall accosts them and presses a faux $50 note into their hand as they walk by.
There are no buyer’s rates advertised, but the psychology of the faux $50 is clear: there’s quick money, and good money, to be made from selling your gold here.
It’s a message repeated on the firm’s website, which says the firm is committed to “excellence in service and value” and that “due to the price of gold today, in many cases people often receive more for their pieces than the original purchase price”.
Better still, the mall kiosks are a million miles from the pawnbrokers and secondhand dealers who have specialised in buying up unwanted gold – places many have little desire to enter.
In many cases, however, it seems pawnbrokers offer better prices.
GoldBuyers is, in effect, sanitising gold buying and bringing it into the middle class sphere, and its website shows the firm is seeking to find reps to hold goldbuying parties in their homes in return for a slice of the profits.
A consultation with the 20-something green-haired youth manning the kiosk in Westfield’s St Lukes mall was quick.
The salesman looked at the hallmarks and separated the items by carat rating – in our case, two 18-carat rings (one with a small cluster of five diamonds), an 18-carat chain and two 9-carat wrist-chains.
He checked to see if they were magnetised, then weighed them.
Within four minutes, we had a quote – $360. But the salesman said that before any money changed hands, he’d also have to make a cut in each of the items and then apply acid to them from one of a number of small, brown glass bottles he had on the counter. If the acid bubbled or turned pink, or one of several other colours, he wouldn’t buy the jewellery.
We would be paid the “gold weight” of the diamonds, he said, as a bonus, or the stones could just be popped out and he’d buy what was left. GoldBuyers had a box of unwanted gemstones which it had little use for and were hard to resell, the salesman said.
The sellers, the green-haired salesman told me, had a variety of motivations. One seller came with six single earrings, having lost one from each pair. Others were getting rid of “bad blood” jewellery given them by now-hated former boyfriends. Still others were disposing of damaged items, bent rings, twisted bracelets, broken chains.
FOR A PERSONAL SERVICE THAT PAYS YOU MORE – TALK WITH GOLDSMART TODAY
Prawn Shop? Seafood or Something Else?
At Gold Smart we’re not sure if these guys are selling seafood or something else! Either way it might be worth avoiding!
There has been much written recently about the horrendous interest rates New Zealand “Loan Sharks” charge vulnerable Kiwis – we think this is both unethical and immoral. If you need cash you should try advertising online as you’ll know the market will pay what something is worth (not what a Shark tells you).
At Gold Smart we do NOT provide loans of any kind – just the top prices for your unwanted gold jewellery. Check out our Testimonials to see what our happy customers are saying about us, the process and our prices!
Is your Credit Card still burning from Christmas?
Are you looking for some extra cash to pay-off those holiday bills? Perhaps you were overly generous in buying presents?
Gold Smart has the ideal solution to your cash-flow troubles! Click here to request more information on how you can sell gold today. We offer a personal service that pays you more.
You don’t need to be worried about pulling out the “family jewels” in front of strangers – relax in our secure and private offices where you will feel relaxed and confident that you are being well looked after!
Gold Smart is also looking for Reps across New Zealand – so if you have drive, integrity and a desire to make some extra cash call us today to find out more information!
