Tag: loan against gold

4 Powerful Reasons to Loan against Gold for Quick Cash

Loan against Gold for Quick Cash

No matter how much you plan for your finances, one situation is enough to force you to take a loan. Multiple loan options are flooding the market to fulfil your financial needs. While all these loans, such as Business loans, personal loans, student loans, property loans, and automobiles, can meet the requirements, there is nothing like a loan against gold.

Gold Loan beats all of them in four specific things. They are:

  • Speed
  • Convenience
  • Low-Interest Rate
  • Security

Gold has a unique value as an asset class. And, why not!

Over the years, gold has become a vital investment product, and more and more people are now interested in investing in loans to earn quick cash later.

If you need some fast cash but don’t want to sell it for emotional attachment, you can always pawn against your gold asset. The experts at The Luxury Hut will give you a free instant valuation for your gold. As the value of gold is always stable, the precious metal is sure to fetch you a lump sum loan amount.

More than often, people hesitate to opt for gold loans. Hence, one needs to learn about the multiple benefits one can unlock.

Top 4 reasons to take a gold loan are:

1. Low-Interest Rate

Gold retains its original value for a very long period. This property makes it a liquid asset that can quickly be sold or bought. People consider gold as a long-term investment as there is little or no risk to lose your money.

And, thanks to the gold loans, it has become increasingly easy to convert your gold into cash. All you need to do is find a suitable company that will lend you gold at a lower interest rate if a situation arises that requires you to have liquid cash, loan against gold quickly and easily.

2. Convenience

Gold is an asset that always enjoys a high market value. When you buy gold jewellery, you can sell it at the original price or even a little extra. And, if you want to take a gold loan, you can expect to get a good value for it.

Consider pawning your gold instead of selling it. This way, you can capitalize on the gold multiple times instead of just selling it for a one-time profit.

3. Speed

When in urgent need, of course, you would want to get an instant loan without much wait. This is another reason that contributes to the popularity of gold loans. The transaction requires less time, and you can quickly get the amount.

4. Security

This is perhaps one of the essential concerns when seeking for loan. Gold retains its value and is also a great way to pass wealth through the generations. It is more like an international currency that is sold anywhere at any time.

Are you ready to loan against your gold? You can contact the gold evaluators at The Luxury Hut to receive an accurate valuation for your asset.

How to Choose the Best Place to Pawn Gold? Follow These 3 Ways

pawn gold

Pawning gold assets or jewellery is a quick and hassle-free way to secure some extra cash. And while the gold prices are currently at their peak, unlocking your gold’s value and getting a loan against gold will be more convenient today. Now the most crucial question is, ‘where to pawn gold?’

Type in Google’s search bar, ‘I want to pawn gold’, and the search result will give you plenty of different places to get a gold loan. But the fact is that the list will also include the ones who are not equally good. You have a precious metal like gold referred to as a safe-haven asset as it holds excellent value with time.

pawn gold

Thus, it is essential to ensure that you are getting the best possible deal representing your gold’s true worth based on the current market prices. With this in mind, we have listed down three ways that will help you choose the best place to get a gold loan.

Research on the internet

The internet is a massive marketplace, and today, it serves as the best way to promote services, products or information. Thus, every business, small to big, is online. If you want to know about a pawn shop, you will get all the details on the internet.

So begin your research using a prominent search engine like Google. Make sure to dig deeper to know about the pawnbroker you are looking at other than their services. For example, where is the pawnshop based? How old is the business? Do they have good customer reviews?

Trustworthy and professional pawnbrokers will always be transparent about these details. The Luxury Hut pawnbrokers in London have over 40years of combined experience in the pawnbroking industry. We lend against gold items, gold jewellery and luxury watches.

However, we offer a secure and transparent service to our customers. We have a website that provides you with all details of our business and that we are regulated by the Financial Conduct Authority for pawnbroking. Read our Trustpilot reviews.

Consider online presence

It is slightly different from internet research. To assess a business’s online presence, you have to establish how easier they are to find online. Does the website look professional? How convenient is it to use the website & how well it works?

However, some pawnshops can have a shabby website. And in that case, you have to check whether or not you can easily find the contact details and the website has quick links to the right pages. All these things will help to create a big picture about every pawnbroker you research.

Check out customer reviews

Online platforms like Google and Trustpilot have business or company reviews from customers. So you can check out these platforms to see what customers are saying about the pawnbrokers you are looking at to get a loan against gold.

It’s Easy to Pawn your Gold with the Luxury Hut Pawnbrokers in London

The Luxury Hut provides its customers with a quick, secure and hassle-free way to pawn gold and get instant cash. We lend against all kinds of gold items. However, you can pawn your gold online using our free home collection service or via appointment. Nonetheless, the process is straightforward and convenient.

Begin the process by filling in a simple online form, providing all details of your asset. Our associates will contact you shortly with a free loan quote via phone or email. Keep note that the price we are likely to offer you will be based on gold’s price on the day of valuation and other essential factors like the metal’s purity, weight & more.

You can also call us straight on 0207 242 9160 to get an instant valuation or book an appointment at our Hatton Garden office in London. However, the entire process may take as little as an hour to complete, from getting a quote to getting paid instantly without any obligation.

5 Rare Gold Coins in the UK with Surprisingly High Values

rare gold coins

Coins are among the world’s rarest forms of currency. People have always been enchanted with valuable and rare coins. And coin collecting is a popular and profitable sort of collection. However, the value of a gold coins is widely determined based on several factors. It includes the surviving number, the initial number of the mint produced, the condition, the meltdown value/composition and more.

Well, you may possess a valuable piece of currency in your drawer without knowing it. So let’s take a look at some of the rarest and highly valuable UK coins that are worth looking out for.

rare gold coins

Nonetheless, are you wondering that pawnbroking coins or selling them can be the best way to secure some fast cash? Keep reading till the end to get your answer.

Edward III “Double Leopard” Gold Florin

This Edward III Gold Florin was minted in 1344, and you will hardly find the coin in regular circulation. If you are a metal detecting enthusiast, you can keep up the hope. The Edward II “Double Leopard” Gold Coin was excavated in 1857 in the River Tyne along with the other two coins.

The original value of this rare gold piece was six shillings or nearly 30 pence in the current money. However, the coin was sold privately in 2006 for about £460,000.

George V Penny 1993

You will be fascinated to know that the George V Penny 1933 is a ‘pattern coin’, which makes this UK coin so unique. This coin was actually an archetype that did not ever go into production. However, only four George V Penny gold coins are available.

Very few coins were in production in 1933 because the Royal Mint manufactured many coins the previous year. Nonetheless, this UK coin sold in 2016 for about £72,000.

George V Sovereign 1917

Minted during World War I in London, this coin was not particularly rare. This is because about 1 million sovereigns were manufactured for reserves of the Bank of England. Moreover, virtually all the coins helped pay for the war after being exported to the USA. They supposedly stayed in Fort Knox and eventually underwent melting to make bars.

In 2012, a George V Sovereign fetched £11,000 at an auction.

Elizabeth II 1983 Two Pence Gold Coin

These coins are rarer and highly valuable, thanks to a technical error. Sound interesting? The fact is that every coin until 1982 featured “New Pence” engraved on its rear side. However, after 1982, the mint production house changed the wording to manifest the coin’s value.

Interestingly, a series of two pence coins with wrong wording turned up in 1983. And the Royal Mint is not sure about the total numbers of the coins produced with this error. Well, the Elizabeth II 1983 Two Pence Gold Coins sold for more than £500 at auction.

Elizabeth II Bank of England 300th Anniversary 1994 Two Pound Coin

This Elizabeth II Two Pound Gold Coin turned up for commemorating the Bank of England’s 300 years. However, these coins are 22ct gold proof and are 1000 in numbers. Their value is about £2,500.

Well, you may not have these exceedingly rare gold coins in your collection. But you may have others, and the one in your drawer can be worth a significant amount of money. And your gold coin can indeed serve as an excellent asset to use as collateral for a pawn loan.

Get an instant loan against your gold from the trusted pawnbrokers online, The Luxury Hut. What you have to do is fill in an online form with details of your gold asset. Or call on 0207 242 9160 to obtain a free loan quote right away and book an appointment at our Hatton Garden office. Unlike many pawnbrokers, we pay spot cash.

LBMA Predicts Gold Price to Rise 11.5% in 2021

loan against gold the luxury hut

According to the London Bullion Market Association (LBMA), the precious metal gold will undergo an 11.5% increase in price from the record-high annual average in 2020. The gold price is expected to be approximately £1,441 per ounce across this year.

loan against gold the luxury hut

The significant economic recovery from the global pandemic’s drastic impacts due to mass vaccinations is responsible for this expected surge in gold prices. However, governments and central banks will continue their unparallel monetary and debt-spending stimulus.

Interestingly, this entire interpretation is from the analysts who took part in the price forecast competition of precious metals from LBMA. Continue reading to explore more.

However, if you are looking for a trusted pawn shop in London to secure an instant loan against gold, get in touch with The Luxury Hut London pawnbrokers right now. Call on 0207 242 9160 for a free competitive loan quote.

Gold Price to Increase 11.5% in 2021

A total of 32 analysts entered the precious metals’ price prediction competition, and 12 out of them speculated that gold price would reach nearly £1,460 or more across 2021. The median prediction for gold 2021 is about £1,435 per ounce.

This means that the annual average gold price of 2020 beat the consensus prediction of LBMA analysts by 13.5%. And this is a record-breaking surge in 15years of LBMA’s competition.

Degussa’s Chief Economist Thorsten Polleit is the highest gold price predictor this year. He entered the competition of LBMA the first time. According to his prediction, the annual average gold price will be about £1,680 this year. The peak value will be £1,957 and the lowest, £1,278 per ounce.

He stated –

“It is far from certain that an extremely easy monetary policy will pave the way towards a sustainable economic recovery. In any casem price inflation – be it in the form of consumer and/or asset price inflation – will be the result.”

BioNtech/Pfizer reported that after successful trials of Covid vaccine, gold price bottomed at about £1,289 by the end of November. However, Noah Capital Markets Research’s Rene Hochreiter made the lowest price prediction of gold in 2021.

He predicts that the 2021 gold price will peak at about £1,343. Hochreiter added –

“After the fastest recovery in the history of the global equity markets, gold may see an equally sharp decline as risk and volatility fall.”

“Technically, gold ahs not convincingly broken out of the bear market it has been in since August 2020 and seems intent on not doing so.”

On the other hand, Ross Norman – the 2020 winner of LBMA competition – says “with the recovery comes demand-pull as well as cost-push inflation, further fuelled by the higher velocity of money leading to expectations of much higher inflation.”

Norman forecasts an annual average gold price 2021 of nearly £1,479 saying that “we see concerns shifting from herd immunity to herd insolvency. Financial markets remain vulnerable, and we think investors will continue to see gold as the near-perfect antidote.”

Get Loan against Gold

Gold is considered to be a safe-haven asset. Whether your gold jewellery piece is tangled, broken or old, it is still worth something. If you want to secure some extra cash to meet your short-term financial needs, you can use your gold item as collateral for a pawn loan.

The Luxury Hut gold buyers in London can offer you the highest possible amount of credit loan against your gold without any obligation. Fill up our online form with all details on your gold. We will determine its accurate price based on the metal’s price on the day of valuation and contact you immediately with a free loan quote. You can also call us at 0207 242 9160 now for an instant appraisal over the phone or book an appointment at our Hatton Garden office in London.

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