9/18 carat gold is much less then 24ct I wouldnt sell gold in general, is there a desperate need for cash.
Get a few quotes, I wouldnt know about dealing jewellery but if its just melt value then they wont give the market or spot price
18/24 of 131gm is like 3519 but you wont ever get that much unless you know how to smelt gold yourself
9/24 is 1760
Seems like you could do better but I dont know the mark downs for 'cheapy' gold. 24ct is the pure stuff that central banks use
Theres not likely to be a great rush of demand for sterling which makes gold a fair bet imo
They not raising rates they are printing more money which has a kind of pendulum effect I reckon where prices will rise much more later and I presume that also means higher gold priced in pounds
Everyone is going gold crazy.
With good reason. Market is very strong in gold because of extreme instability in currency.
So in the last year we gained 33% and its possible next year also. The fact that gold never falls more then it previously gained seems like a no risk bet
Market cap of 119 for this gold producer :
About Cluff Gold
Cluff Gold is a gold developer-producer with assets in West Africa. The Company generates significant cash flow through its Kalsaka gold mine in Burkina Faso. The Company remains focused on its objective of becoming a mid-tier producer through the development of its wholly-owned Baomahun project in Sierra Leone, which is expected to contribute an additional 150,000oz of gold per annum, with significant exploration potential along strike. With its experience of bringing new mines into production and a project pipeline of exploration licenses in Burkina Faso and Mali, the Company aims to further increase its production profile with its highly prospective exploration work across all assets.
Baomahun is Cluff Gold's defining development gold project in Sierra Leone. Definitive feasibility study work is progressing in the immediate resource area, where 2.1Moz of indicated resources 25.6Mt at 2.5g/t) and a further 0.9Moz of inferred resources (comprising 9.6Mt at 2.8g/t) have been delineated to date. The current resource base is limited to only 1.5km of a total 12km strike length which remains largely unexplored to date.
The Company is employing a two-fold strategy for Baomahun: to advance towards production with the current resources while delineating additional ounces along strike.