The Gold Rush Continues!

Total Madness or The Way of The World?

NECKLACESSILVERBULLIONPALLADIUMGOLDRINGSPRECIOUS METALS

10/18/20251 min read

It’s nervous times for us precious metal dealers with gold and silver both hitting new, all time, highs and with seemingly plenty of appetite left for more growth. The optimists seem to think that $5000.00 an ounce is attainable as Central Banks and investors in general top up with real assets during uncertain times. The naysayers are more wary – if Trump manages to pull off peace in eastern Europe then the geopolitical pressures ease and the shiny stuff pegs back to more realistic levels.

So how does this impact on the man on the street? When pressed for an opinion we are taking the pragmatic, middle ground (otherwise known as the “chicken step!”) and basically suggesting that, if you need to raise some money right now, then “NOW” really is the time to cash in. OK, it may go higher but anyone with an ounce of golden or even silvery sense has to believe that if something is too good to be true then it probably is. Always sell just too soon or risk tipping over into the “just too late” side of the equation!

On the other hand, if you don’t need us to come around and turn your gold or silver into cash in your bank then it is probably best to sit tight with a tub of popcorn and enjoy the show. Death or Glory by proxy is often the safest and most enjoyable way ahead!

This last week we have been up and down the A38 corridor buying every form of gold and silver you can imagine, Sovereigns, Britannias, Krugerrands, gold and silver bars and an endless stream of scrap gold and silver as people cash in on the highs. They are taking advantage of our unique business which means we come to you and pay you on the spot at fair prices. Exeter, Topsham, Dawlish, Shaldon, Teignmouth, Newton Abbot, Ashburton, Totnes, Ivybridge, Plymouth, Saltash., Liskeard, Looe, Downderry have all received a visit from Devon Precious Metals this week. If you would like to discuss your items please get in touch…