As one of Brisbane and the Gold Coast’s longest established Gold Brokers and businesses working amidst the current (and unusually volatile) global medical emergency, we are aware of the influential factors and impacts coronavirus is having on trade, commodity prices and consumer response when it comes to buying and selling gold items. As a response, our business can choose to participate in helping make a difference, which is what we are doing rather than simply ‘seeing it through’.
An example of businesses operating within the ‘resources and mining industry’ who are making a difference include Australian mining operator FMG (Fortiscue Mining Group) who’ve shown to be doing their part for the global community by helping support the rehabilitative initiatives of the Coronavirus epidemic. FMG donated $1 Million to the Wuhan Qingshan Charity Federation in support of their counter and rehabilitative focussed medical efforts as an active response to the situation, and have shown leadership amidst growing fears around the virus, (Mining Journal, 2020) .
The World Bank are another example of active engagement in ‘making a difference’ when it comes to supporting a humanitarian response to the Covid-19 outbreak. Gold, silver, copper and other commodity investments find their way moving through fiscal streams supported by the world bank, and according to the Financial Times (2020), the World Bank are committed to global investments made to median-level income economy countries to support development of medical infrastructure during this time of medical emergency. They have noted that these funds also aren’t limited to interventions and other avenues that may support the interest of public health and precautionary medical efforts at this time (www.ft.com).
At Gold Coast Gold Buyers, we work and support both international as well as locally based clients, and we understand that during this time, our best support would be to continue dealing with all of our customers with empathy and to operate with the highest integrity, understanding that the financial diversifications of both markets may shift economically in support of loved ones in response to Coronavirus. We particularly understand that the health of family and friends, their medical well-being and safety become prioritised, with even greater urgency than usual, during medically worrying times like these.
The Benefits and Risks of Jewellery Loans
It’s unfortunate and too often the case that all bills come at once. The anxiety resulting from added financial pressure can subsequently put a strain on you and your family. But thankfully, when your options for payment extensions are exhausted, cash advance loans can help. That’s where Gold Coast Gold Buyers steps up to the plate.
Some of the general surprises that can occur and end up costing you a lot more money than anticipated include the blowing of a car tyre, general engine trouble or a faulty washing machine or fridge – essential household appliances. Maybe you or a close family member have fallen ill, which can end up creating the need for time off work and general fees around doctors visits. Also, it’s not uncommon for travel expenses to arise if it’s a loved one who is more broadly geographically located.
When you’re caught in this kind of position or similar, a secured jewellery loan can provide you with the cash that you need at the time you need it without extensive waiting periods due to security checks, and can be a favourable alternative to directly exchanging your goods for cash. Remember that through Jewellery Loans, your goods are used as security and you can retrieve them back at the end of the agreed term on fulfilment of the agreement.
Some of the benefits of Jewellery Loans include:
- Fast money when you need it most through loans against your goods
- You are returned your security items at the end of the agreed term should you fulfil your requirements
- Little to no extensive or timely credit or security checks
- Existing credit history doesn’t apply
- You can use a range of items aside from jewellery as security
- The risks to you and the pawn broker are diminished
Some of the risks of Jewellery Loans include:
Like with any loan, there is always some risk to both you and the lender, but if you plan, you’ll be able to mitigate these risks and come to the successful completion of the loan contract in place.
- You may not be able to fulfil the terms of your agreement
- You may have hoped for a larger price to go against your collateral (be open in your dealings with your Pawn Brokers to have a greater chance of reaching the result you need)
- Loan durations may be shorter than you need, but again negotiate the terms with your broker. Note that every broker has different general terms in place and that some are more flexible than others.
Depending on your circumstances, a jewellery loans can be a useful tool to help you get back n your feet by meeting the unexpected needs can pop up in daily life. Weighing up the benefits and risks will help you in your decision, but every situation is different. But if you find you’d like to know more about security loans for yourself or somebody else, the team at Gold Coast Gold Buyers is on hand to help.
Recently we experienced some downtime on our website which made it hard for our many customers to view the latest gold prices or contact us. The technical problems were caused by a huge increase in visitors to our website, both locally and internationally, who were eager to sell their old gold by utilising our industry leading gold price board, calculator and gold pack. These features are available 24 hours a day, 7 days a week and are some of the many reasons why Gold Coast Gold Buyers is the king of gold on the gold coast.
During the downtime we have implemented a number of performance improvements making pages faster to load on both desktop and mobile devices. We have also improved our live gold price service making it more reliable and faster.
We are thrilled about the excitement you, our customers, have for using our website and we look forward to continue to provide our exclusive website tools and services for many years to come to enable you to sell gold for the best payout. If you have any questions, please contact us by clicking here.
The Gold Coast Gold Buyers Team.