Jewellery Buyers

For thousands of years gold has been used in the creation of jewellery, art, and coins. Through time gold has been an important factor in economic policies all over the world. It is usually bought as jewellery in times of abundance or investment bullion in times of crisis, and is sold as a method to release capital.

Reasons to Sell Gold

People think of selling gold for the most varied reasons. Whether by necessity or desire, it’s  a quick and easy way to unlock some money. Some of the most typical reasons why Kiwis sell gold jewellery are:

Unlocking value reserves

In times when business cash-flow is tight or one is temporarily out of work, it’s handy to know you have something valuable that can be quickly sold. Selling your gold is one of the quickest and easiest ways to unlock the gold value of your old jewellery items.

Sell because the time is right

Some people know the right time to sell gold in order to gain better profits. For instance, if you are following gold prices, you know that prices are historically really good at the moment.

Get rid of what is not needed

Some people buy jewellery, accessories or decorative items by impulse, when in reality they do not need it. They later end up not wearing the jewellery – better sold for cash than unloved in the jewellery box.

To buy something needed or desired

It’s normal for people to sell their gold to buy or pay for something special. This may be a household appliance, a new car, a house, school costs for the children, or an unexpected bill.

Regardless of your reasons, when you’re ready to sell your gold and/or silver items look for good, reputable and reliable buyers.

Gold Smart has been in business delivering high quality services and fair prices to customers for years now. If you take a look at our testimonials on our website you will see the glowing feedback from our happy customers. Our best price guarantee policy ensures that both customers and company are satisfied in every deal.

Enquire today via our contact page or give us call. We will be happy to assist you selling your gold and silver items.

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Be Aware Of Gold Price Predictions

If you do a little online research, you will see that there are numerous websites and so called experts who claim that they or their systems can predict the future price of gold. Sometimes price and value predictions are correct, however hindsight can be a wonderful thing. You may not be sure if their claims are true, pure luck or genuine expert advice.

If you want to sell your gold items, you should know that in this business some buyers try making some predictions to their customers, but can gold prices actually be predicted? The truth is if they could accurately predict the price of gold they would be financially retired.

When you are ready to buy or sell gold, be careful with businesses that claim to know what is going to happen in the future. Keep in mind that they might be doing so in order to seduce you to buy or sell your items either faster, cheaper or both.

If you are looking to sell, gold rates are very good at the moment, based on what they were couple of weeks ago. To be more specific, the price of gold rose over 2.5% since January in New Zealand dollars. What is going to happen tomorrow or next week? No one really knows.

At Gold Smart we are happy to provide our opinions however we do not provide gold price predictions. Our friendly staff is trained to give facts and let our customers decide whether they think it is a good time to sell or not. Our motto is to provide the best possible rates, making sure that customers are satisfied and happy in every transaction with us.

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Gold Rate – Without Debt in 2012

Like many people, if you’ve spent more than you should with gifts and parties at the end of the year and started 2012 in the red, it’s time to take a deep breath and take charge to organise your finances to a healthy position this year.

Avoiding over-indebtedness is having control over your money. This involves two paths: firstly you can increase income, for example, a pay rise or change of employment or other activity that ensures an extra income. Secondly you can evaluate monthly expenditures and sort expenses into essential or non-essential.

Organising your spending is not always an easy task. It requires discipline and monitoring. There are many tools available that can help you such as worksheets, and computer software. Simple hint: take a 12-month calendar, and begin to record all events that will happen, such as birthdays and anniversaries (e.g. Mother’s Day), in addition to current expenditure and also installments already incurred.

Putting everything on paper makes it much easier to gauge exactly how much you earn and how much you spend.

If you are a fair amount in debt you need to list all fixed bills and the delayed ones. Try to renegotiate your debts and also assess the need to change a bad debt for a better one. For example, if you are in debt with your credit card or account overdraft, opt for a more suitable line of credit with lower interest rates. Overdraft is a product intended only for emergency situations and should be used for a very short period of time.

It’s not good just paying the bills. A person who is in debt needs to cut unnecessary expenses to balance their budget. In this case, you must observe even small expenditures, such as eating out or having coffee out every day. It is important to realize that small expenses can generate a large expense at the end of the month.

If your budget is deep in the red and you see no way out ahead, the option may be to take a line of credit. Another option is the Gold Smart Way…

Who wants to have a bad credit score and not enjoy the occasional treat? Getting high-interest loans (especially from loan sharks) can make matters worse. In other words, acquire more debt to pay debt? It doesn’t sound very smart.

Don’t be stuck on the trap. If you have any unwanted gold or silver jewellery/items, today might be the day to bring it to us. You will be pleasantly surprised with our service quality, friendly staff and most important of all, our prices. Call now to make an appointment. You will be glad you did.

P.S. please download our free gold buyers guide to selling gold.

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Sell Jewellery

Christmas time is upon us and it’s a great time for giving and spending time with loved ones. If you are looking for extra cash these holidays, remember you may be sitting on a gold-mine in your jewellery box.

The gold prices when selling jewellery depend on the carat and weight of the items. The heavier in grams or ounces and the higher the carat, the greater the value. Jewellery that’s 18ct/750, 22ct/916 and 24ct/999 will provide the greatest gold content and therefore the most return on your items.

Examples may be necklaces made in Hong Kong by Chow Tai Fook, bracelets by Tiffany & Co., high-class jewellery from London, New York, Saudi Arabia, Dubai, Thailand, India, China and others will have higher gold percentages and therefore scrap gold value. As gold buyers it’s always interesting to hear the stories behind your favourite accessories.

If you are looking for excellent prices and fantastic service, sell jewellery to Gold Smart today.

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Create a Christmas spending plan to save money

Christmas is the time of year to celebrate and enjoy time with family and loved ones. On the other hand this can easily become a time of stress, due to financial commitments and pressures. Even though there are only a couple of weeks to go it’s never too late to save money this year, start by creating a spending plan for Christmas. (We prefer to call it a spending plan rather than a budget!)

Always make a list of Christmas gifts to offer

There’s nothing like having a list of Christmas gifts to work with: in addition to being practical and avoid overspending, it allows you to define at the beginning how much you want to spend with each recipient. Once you have compiled this list of names, group names according to spending amounts – we already know that we always have a few more expensive gifts than others, and everything becomes easier as you have an immediate picture of upcoming expenses. In addition, these initial accounts will also allow you to make adjustments in the value of a gift if you think it is beyond your budget and you can work out if you have some room to manoeuvre in case you wish to get some extra money for Christmas presents.

Make a list of other Christmas expenses

Remember to make a list of all expenses, without forgetting important aspects such as:

  • Christmas decorations
  • Christmas tree (including whether to buy a real pine or not)
  • Wrapping paper, ribbons, bows
  • Labels, adhesive tape
  • Christmas cards, envelopes, stamps
  • Shipping fees for gifts that will be send by mail
  • Food for the festive season (Christmas dinners, Christmas Eve night,
  • Christmas Day, chocolates, sweets, etc)
  • Clothing/footwear for the Christmas holidays
  • Travel expenses in case you will be spending Christmas away from home.

Examine your budget

Now that you know your costs, you need to check your funds available for Christmas and analyse your savings. It involves answering one or both of these questions: How much money do you have to spend this Christmas? How much money do you want to save this Christmas? From there, and knowing what is the final value you have to spend during the month of December, establish how much you want to spend on each area of Christmas expenses, correcting the values that you may have already outlined in the preparation of lists of Christmas gifts and expenditure.

In order to “stretch” their available funds, many kiwis are selling their unwanted gold and silver jewellery to Gold Smart. With the high price of gold and silver you would be surprised with how much you can earn to make your Christmas even more exciting.

Think and research before you buy

A Christmas spending plan is not just a piece of paper with names and numbers. It implies action and, if you want to save money (or at least avoid debt), you must research before buying. Once you know you have a certain amount to spend per person, work out an idea of what you will buy for each person. By knowing in advance what you want to give to each person in your list, it will be easier to search the best place to purchase each gift, whether online or in a physical store. In addition, you should keep an eye on brochures and discount coupons to save you money on everything you need for Christmas.

Follow the Christmas spending plan no matter what

Once you’ve created a spending plan for Christmas, now comes the most important part: Follow it! Although this is not always easy, it is crucial if you want to avoid unnecessary debt and even save some money. Some tips to help fulfill the Christmas budget:

  • Always take the list with you!
  • If possible, bring the exact amount of money in cash you wish to spend. This will avoid overspending on eftpos and credit cards and unnecessary purchases.
  • Avoid shopping in the hours/days that you know it will be very crowded because in these environments shoppers are prone to impulse and/or unnecessary buying. The earlier you start the better.
  • Try Christmas shopping all in one day or at least concentrating shopping in large blocks, thus avoiding extra costs of fuel, parking, etc.
  • If you shop online, avoid the credit card as much as possible, opting instead to pay via ATM, bank transfer or PayPal. In addition, try to group as many items to avoid multiple shipping charges.
  • Keep a record of all expenditures carefully and follow your Christmas spending plan to not to exceed your limit. When you finish your Christmas shopping, keep the budget to review, and to use it next year.

Good savings and Merry Christmas, from Gold Smart!

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World’s first ever gold jewellery car

MUMBAI: The Tata Group unveiled a Nano car made with gold and silver, and studded with precious stones worth an astronomical 22 crore (that’s over $5,675,123 New Zealand dollars).

Gold CarBut, it’s not for sale – the valuable and fully functional car is a unique branding and promotional initiative by Goldplus Jewellery, part of Titan Industries, a Tata Group company, an official said.

The Goldplus Nano Car is billed as the world’s first ever gold jewellery car and celebrates the 5,000 years of jewellery manufacturing industry in India.

The car’s body is made with 80 kg 22 carat solid gold, 15 kg silver, precious stones – including diamonds, rubies – and other expensive gemstones.

“As many as 14 techniques of jewellery making have gone behind the effort — from the intricate filigree work to the delicate and colourful meenakari work, the stunning kundan to the traditional naqashi…marking the convergence of diverse and culturally distinct jewellery making techniques from around India,” the official told IANS.

Titan Industries managing director Bhaskar Bhat said that since eternity, jewellery made with gold and precious stones has been an integral part of the Indian woman’s life.

“Indian jewellery has been an epitome of innovation and creativity, and carved a niche worldwide for itself for the intricacy of the designs crafted out of the precious metals and stones,” said C.K. Venkataraman, COO, jewellery division.

Nano car made with gold and silver, and studded with precious stones

After its glittering launch in Mumbai, the Goldplus Nano Car will travel to all the Goldplus showrooms at 29 locations around the country.

The car incorporates beautiful designs, made with the precious stones of different colours, set on the gold and silver body of the car.

Original Source:  Times of India

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Gold, its colours and applications in jewellery

Demystifying the Gold Colour

It is very common to hear expressions such as “this jewel is from this or that region” or “this jewel is from this origin” because of its colour.

Others can often say “Gold with this colour??? No, this is not gold!” or “18 carat gold from that place is better”. However this couldn’t be further from the truth. Gold is a metal, therefore it is the same anywhere in the world.

Pure gold is 24 carat. 75% of 24 equals 18. Thus, a piece of jewellery that has 75% of pure gold is 18 carat (750/1000). The other 25% corresponds to the metal alloy that is combined with the gold. The colour of the jewellery is defined by the selection and composition of these alloys.

Colours of Gold

Gold remains always pure, even when connected to other metals. To be turned into jewellery, for being soft, gold requires the addition of other metals. This union with other metals is called league, which is also responsible for the colour of gold. Depending on the percentage of each of the metals that make up the alloy, the colour of gold can vary:

Gold + silver and copper = YELLOW GOLD

Gold + nickel or silver and palladium = WHITE GOLD

Gold + copper, silver and zinc = RED GOLD

18 Carat White Gold

Based on these facts 18 carat white gold would comprise 75% gold (Au) plus a mixture of palladium (Pd) and silver (Ag) or Nickel (Ni)

White gold is as valuable as the other colours. Usually it is made with a mixture of nickel or silver and palladium, and for this reason, the final appearance is dull and grey. In order to add shine, it is necessary to go through a technical process of finishing, popularly known as “rhodium plating.” Basically this process consists of immersing the jewel in a specific device which is placed another metal in solid state (usually platinum) that causes the rhodium in its liquid state to set in the jewellery. For this reason it is common that after a long period of usage, white gold jewellery require new rhodium plating, since the frequent use of the piece can wear off its shininess (but never the gold). Unlike plated gold, which has the noble metal only on the surface, white gold has gold as the main component.

For helpful advice on selling your jewellery, and a friendly and professional service, call GoldSmart and book an appointment with us today.

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National plans loan shark clampdown

From the NZ Herald, November 6th 2011.

National will change the law to clamp down on dodgy loans by forcing lenders not to give loans to people who would face significant hardship in repaying them.

A proposed change to consumer credit laws would set up a code of ethical lending, and require lenders to be open and transparent with borrowers. Any lenders who breached the code, such as by charging exorbitant interest, would be struck off if they did not heed warnings.

Mr Key said it would undoubtedly put some money lenders out of business. About one third of current lenders would not comply, and although some could clean up their game others would be forced out.

Mr Key said they were preying on the vulnerable. Read more

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How to set goals with focus and clarity

Many people lead their lives setting goals and making promises. It helps them to keep on their right track. In most cases, these promises and goals last about one week, if not less. Then, everything goes back to the way it was in the first place. To avoid falling into this trap, here is a basic plan to set goals with objectivity and clarity from GoldSmart:

Step 1: Differentiate a dream from a goal

Some times we can get confused establishing our dreams as if they were goals to be accomplished. Try not make this mistake, understand the difference between a dream and a goal. The dream is something you want, while a goal is your dream with a deadline to happen. In this context, the New Year promises can be good because they bring a dead-line by itself.

Step 2: Be precise

“Lose Weight” can be a dream for many people. For example: “Lose Weight in 2011″. It starts to resemble a goal. “Lose 5 kilos by December 31st 2011″ is now something much more specific.

When you are precise determining a target, you know exactly when you can have it as a goal fulfilled. For example, if you think only of “Losing Weight”, would you considered a goal achieved by losing 100 grams?

Step 3: Register the target

Thinking about goals is very interesting, but writing them is even better. Put your precise goals on piece of paper, or in any electronic device that you trust. Create a routine reviewing them constantly so they do not get lost in the course of the year.

Step 4: Set an action plan

Okay, you already know you want to lose 5 kilos by December 31, 2011. Now what? What will you do to achieve this goal? Probably will have to sleep more, eat better, exercise and drink plenty of water. The action plan should also be recorded and reviewed and, of course, be followed by you.

Step 5: Take action and follow

There is no logic to defining targets if you do not act to fulfill them. Having an action plan in hand, you should know what has to be done. So do not procrastinate, just do it. Regularly monitor your plan and actions during the year to see if you are going toward your goals or away from them.

Thus, when the deadline is approaching, you will be able to review the list and managed to see what you have achieved and what you could not. If you learn from your mistakes, you’ll be excited to try once again until you get what you want.

Finally, a slogan that I found very helpful: Do not do tomorrow what you can do today.

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Why is gold so valuable?

110 kilos of pure gold

King Tut's mask was made of more than 110 kilos of pure gold!

In human society we have developed various systems and methods for trading goods and services. Over time most cultures have come to use paper money as the preferred method to exchange value. Paper money is light, portable, uniform and generally non-degradable.

In some places in Africa, shells were used as currency. Ancient Roman soldiers were at times paid in salt (“worth their salt”). There were also societies that had used a type of seed as a symbol of value. The difficulty with all those items was that once they have turned into a symbol of value, it may have been easy for people to find, make, steal or collect more.  Normally what gives things value is how scarce, unique or rare they are and if the unit of currency is in plentiful supply (or becomes so) then inflation may occur. Meaning two carts full of shells (or paper currency) are now required to trade for a wagon of wheat.

Precious metals are different – it’s hard to get more. This creates a control over how much is available to everyone (supply and demand). Value is influenced by how much can be mined every year and how much is coming onto the market for sale. Gold’s excellent properties and aesthetic appeal have made it highly popular in jewellery and electronics.

Gold is the most malleable of all metals, it does not corrode and it’s virtually indestructible. Almost always found in pure form in nature it calls attention to the beauty of its colour and brightness. For these reasons, gold in ancient Egypt was already the favourite material for the manufacture of jewellery and other ornaments – and since then has never ceased to be associated with symbols of prestige and power. Their rarity also makes it extremely valuable. If these metals were in abundance, this would not happen. Gold was only adopted by England in 1821 – before then silver was the monetary metal. About 40% of the world’s gold came to be reserved by central banks of the richest nations, to guarantee their money’s worth.

Good time to sell gold

With prices up again now is a great time to make extra money from selling your old unwanted jewellery. The New Zealand dollar has also been showing signs of weakness, pushing the price of gold and silver even higher.

Call Gold Smart today and book an appointment with us. Our friendly and professional team will be ready to assist you selling your items in an easy and transparent way.

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Balazs Kiss and Suspect Emails

It’s frustrating when competitors email and call us trying to find out what makes Gold Smart unique and successful. We posted recently about Balazs Kiss appropriating content, design, ideas, images and other intellectual property from our website. The copyright infringement was so blatant and obvious due to them duplicating large parts of our original copy and even leaving our name in the text.

A few days after making this post we received a call from the marketing manager at Weta Digital. They were concerned that their name was mentioned in our blog post yet avoided challenging us on any of the information presented in the article. They also confirmed that Balazs was working for Weta in Wellington. Their approach was friendly and they mentioned that the post had caught their attention. Naturally our intention was to present the facts and let others decide what they thought of the details.

Weta Digital are known for their amazing Oscar winning visual effects pioneered on Lord of the Rings, King Kong, Avatar and others. We mentioned to Dave that emails and contacts were made from Weta Digital IP addresses, domains and email address. In our minds this would be concerning for any company as the employee had time enough to be sending such contact and doing so while on the company network.

Orginating IP Address from the Weta Digital domain

After talking with the marketing manager we felt it reasonable to remove their name from the post as they assured us he would be forwarding the information to his superiors and someone would be talking with Peter Kiss about the matter. This was nearly a month ago and despite a follow up call and email we have received no further reply from them.

Given the response to the copyright infringement we received when we first became aware that content had been taken, we felt that it important enough to make a blog post about the details.

We’ll keep you updated on further developments.

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Up to 50% off what?

Michael Hill

Michael Hill jewellery auction - Queen Street, AKL

It’s that time of year again when shopping stores around town start to put out Christmas decorations to entice customers. Retailers want to make sure those who like to start buying gifts early get what they want at a good price. Stickers with the word “sale” start to appear at the stores windows, but what does it mean?

A store is a business like any other – it relies on profits in order to pay for overheads including manufacturing, materials, shipping, insurance, retail shops, staff, commissions, and so on. Naturally profits have to be high to cover the various costs associated with running a retail business.

Many people when they see the word “sale” immediately assume that purchasing then they will be saving lots of money, not contemplating that the original mark-up may be very high and it doesn’t make sense to spend-money to save-money!

One of the Gold Smart team was walking along Queen Street this morning and came across an unusual sight. At first he thought there was someone famous inside Michael Hill Jeweller due to the number of people gathered outside, however soon noticed that what was happening was an AUCTION. That’s right! An auction for jewellery was happening in the middle of the street. He talked with one of the organisers to see what was happening and the staff member confirmed the street auction.

The Michael Hill staff were yelling, “$320…who gives more?” and people appeared excited about the “good deals” they thought they were making. Asking the staff for a little more information, she mentioned their store is currently selling gold and silver at half price, and that now is a great time to buy. Our colleague was thinking, 50% off what, retail prices?

Interestingly, the value of a jewellery in New Zealand is not sold or marketed on the inherent metal value (unlike many other countries around the World), but the aesthetic design, branding, manufacturing and sense of value to society. When people buy jewellery they normally pay much more than the metal price. Some items can go over 1,000% above the actual gold and/or silver value. This is especially true with certain brands and how well known they may be.

The price carries the workmanship, the brand, the design, overheads and you will be paying much more than the actual material costs. Jewellery may be considered like a work of art for it’s aesthetic value. Those aware of gold and silver metal value will be naturally more aware of the true worth of such items and will avoid spending too much money.

Next time you hear someone screaming they have a half price gold and silver jewellery sale – be aware. You might be getting a deal compared to normal retail mark-ups, however in most cases you will still end up spending much more than perhaps you should. If you want to know what something is worth, take it back to the shop the next day and see what they will pay you for it!

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Biting Gold Coins

Champion biting his gold medal

Many people are curious to know why in the old days it was common to bite gold coins – or other kinds of items made of gold – to confirm whether or not they were real. This practical and crude method was used for the authentication of gold, since this metal is very malleable. Thus, it was easily recognized if certain objects, especially the coins as payment or compensation for any service, were made ​​with this metal or just looked like it was. If a person bit a coin and verified that the bite mark was printed in the currency, this meant that the money was real (or soft enough to be gold).

Today the practice of biting gold coins seems unhygienic and imprecise. However centuries ago the technology and processes to accurately determine gold purity was not available to the average person – making identification of real gold a genuine concern.

Modern methods to confirm if jewellery is real gold or fool’s gold is by checking for hallmarks and gold stamps. These are required by law in most countries and will show the gold purity, for example 18k means that the piece has 75% of gold. Gold is also non-magnetic meaning if you put a strong magnet close to the item it won’t be attracted to it.

Another test some people perform is rubbing the gold item in a smooth white wall. If it is real gold the wall will have a dark mark. But who wants to risk damaging their wall or even their jewellery?

Our specialized team at Gold Smart will confirm your jewelry is authentic by checking the stamps on the items, performing a magnet test, making acid tests and several other methods as required.

It’s best not to damage your walls rubbing jewellery on them or biting coins risking getting a broken tooth. If you have some gold or silver pieces you want to sell, bring it to us. We will test it for you and make sure you get a great price for your valuable gold and silver items.

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Golden Food

When asking someone what can be produced by using gold as the material, the most common answers would be jewellery, bullion, coins, it can be used for decoration, in some electronic devices, etc. How about food???

That’s right. The custom of eating gold began with the ancient Egyptians, who thought it would bring improvements in their health. They were right! Experts agree that the consumption of gold brings many benefits to our body, slows the aging of the skin and eliminates toxins, helps fight inflammation and arthritis and osteoarthritis, lowers levels of stress, improves concentration, memory, mood and sense of well-being.

The edible gold can be found in the form of powder, flakes, sheets or spray, but only the purest gold, 23K or 24K, can be ingested. The leaves are produced in vacuum chambers. In this post we will enjoy the world’s most expensive dessert. The so-called “Frozen Haute Chocolate” is made in the restaurant Serendipity in New York – United States, and costs no less than US$25.000. It takes 28 types of cocoa from 14 countries and five grams of edible gold with 23K. The same restaurant also offers the most expensive ice cream, the “Golden Opulence Sundae”, Tahitian vanilla flavor with various toppings and rare 23K gold leaf, all for only US$1.000. Chic, luxurious and powerful.

If you are not into sweets, how about seasoning your food with gold instead of salt?

In the Caspian Sea, off the coast of Iran, there are three types of sturgeon, the fish whose roe caviar is made: the sevruga, osetra and the beluga. Of the three, the beluga sturgeon is the rarest animal – and it’s from the white beluga sturgeon, even rarer, that the ‘Soul’ comes, also known as the diamond of Persia. Only five pounds of it are produced each year and getting it is a laborious operation. The white beluga only produces roe from 25 years of age, when they reach 4 feet long and about 800 pounds. It has to be captured, not harmed. After that, it’s performed a kind of cesarean section in the animal and the roe (pearly white color) is removed with a small spoon. The fish is then returned to the seas. Only about 15 grams of Souls are produced for each operation. Orders should be made one year in advance and caviar comes at a very special packaging: a tin of 24 karat gold design from Maison Cartier.

If until now, everything that was said left you open-mouthed, know that the latest addition to the luxury market is the caviar with edible gold, mixed in 24 carat gold caviar.

In Dubai there is gold everywhere, decoration, clothing and accessories, and hotels there are innovating serving gold in food, beverages and desserts.

Precious goodies, luxury that inspire, arouse curiosity and satisfy the desire are increasingly “popular” in the world.

Will this trend catch on here in New Zealand?

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Beware gold scams from Africa

At Gold Smart we are sometimes contacted by members of the New Zealand public who have been offered large sums of gold in return for sending money overseas to an unknown recipient for shipping. Lured by the possibility of improving their financial situation, internet users are easily falling into a trap engineered by the creative mind of these swindlers.

These illegal businesses, according to estimates from US websites, generate billions per year in revenue.

The schemes that attract the majority of unwitting victims are those in which there are promises of participation in large fortunes. These fabricated stories invariably appeal to the emotional and religious. They all say they have lucrative accounts, and that for reasons not always explained, are blocked. This is usually where the victim is asked to make an advance payment, with the justification given for using the money to pay attorney costs, incentives and fees or even the trip to retrieve the gold.

There are thousands of posts available online that tell similar stories. The common theme is that there is always millions of dollars available to share. The figures quoted range from 8 to 700 million dollars. They will say they have in their possession diamonds, cash and hundreds of pounds of gold and that for some reason the valuables will be sold to the recipient for a price much lower than that practiced in the free market.

The origin of the gold is always doubtful so to give credibility to this source there are all kinds of stories; that it was stolen from a corrupt dictator in Ghana or from a “mean sergeant in Nigeria”. In most cases, the messages claim the origin of the gold or diamonds is legitimate and will have paperwork to prove ownership and purity.

Gold scams are dangerous and you should not make contact with these criminals under any circumstances – least they find out your identity, steal your money, hold you to ransom or make you complicit in their crime.  You would be surprised how many people in New Zealand fall for these scams every year.

Be alert and vigilant and don’t fall for the trap.

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10 Favorite ways to Spend and Invest your money from Gold Smart

We are told time and again that we must save money to try to control our expenses, all in order to achieve our financial freedom at some point. But spending money is a necessary part of life, few people actually tell us that we must spend it or invest to accelerate our financial independence.

Here are some good ideas about how to spend your money or invest to achieve that goal:

  1. Pay your credit cards. It is impossible to achieve financial independence when you owe money. Paying interest on debt can cost you a lot of money over time. So if you have money, pay your debts as quickly as possible to reduce the servicing of the same service, draining your savings.
  2. Spend money to save or make money. There are many ways to do this. For example, acquiring a credit card that gives you points or special discounts for its use. Look for stores and markets that provide loyalty cards for their customers, this way you can spend and receive special offers from time to time. Sometimes, a way to get money is spending.
  3. Repair, renovate and maintain the things you already own. Have old equipment, damaged or broken reduces their efficiency and there goes a lot of money. Be sure to repair, renovate your appliances or vehicles. Proper maintenance of this equipment is an expense, but extends their useful life by creating a significant savings and extending the life of them.
  4. Invest in yourself. Learn new skills. Paying for education is money well spent and is a way to get better job opportunities or business. You can even attend Saturday courses, evening or online.
  5. Stay healthy. Attend a gym, private health insurance coverage, buy quality food, are prudent ways to spend your money. Healthy food means lower medical costs and less downtime to produce. All this amounts to savings in the long term.
  6. Get insurance. This is not an expense, is an investment. Insurance gives you the assurance that you are financially covered during difficult circumstances. In addition to health insurance be sure to insure your car, your home, your life if you have young children and to protect your family. Without insurance, a small hill becomes a mountain; a crisis can become a catastrophe.
  7. Invest in your appearance. You do not have to buy the latest fashion or make a thousand of plastic surgeries, but you can buy a good pair of shoes and clothing for all occasions. Also a good haircut can help influence your success as an individual. By simply following good hygiene, wearing clean clothes and practice good manners you can open many doors.
  8. Renovate your home. The money invested in your home increases the value of it and improves your quality of life. When you spend money at your home, you are doing indirectly something to yourself.
  9. Keep updated with the times and the modernization of your environment. If you plan to spend on material things, one thing to consider is technology. If you need items for your business or to help manage your daily life, then spending on electronics is a must. It is not that you should become addicted to whatever gadget comes out, but you should not have a brick as a phone and still walk without a laptop.
  10. Spend your money on high priority items. An anniversary gift for your partner can be a priority, and the birthday party of your children. No need to waste money, but these things are important in the lives of all people and observe them may bring future savings by avoiding family conflicts.

These are some of the ideas for you to spend your money wisely, enjoying the good things in life and at the same time saving for the future. Best regards from the Gold Smart team!

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Balazs Kiss Engaged in Ghostwriting

It’s disappointing for us to see another person attempting to copy our hard work and creativity. We have become aware that “Balazs Kiss” also known as “Peter Bal Kiss” (Wellington, New Zealand) was advertising on Freelancer.com for ghost writers to rewrite original copy and the design of our Gold Smart website.

Balazs KissBalazsK states on Freelancer.com, “I need to rewrite the texts on the following website: http://www.goldsmart.co.nz most of (90%) of the texts needs to be re-written to the extent that it does not resemble to the original text. English native speaking only please…” And he goes on to say,I need something similar design, pictures, icons, everything what makes it similar site.

A ghostwriter is normally a professional writer who is paid to write articles, text, reports etc that are officially credited to another person. According to Wikipedia, “A consultant or career-switcher may pay to have a book ghostwritten on a topic in their professional area, to establish or enhance their credibility as an ‘expert’ in their field.”

balazs3d

Above: An extract from the freelancer.com website where Peter Balazs Kiss sought a ghost writer to re-write the Gold Smart website.

He’s classified the job under “easy website job, replicate website, rewrite all texts on a website, ghostwriting, and easy/fast job”. The only conclusion we can come to from the above advertisement is that there is a deliberate and calculated effort to leverage our original ideas and content. It’s frustrating to see someone do this rather than create something original and worthwhile themselves.

If you work hard, it’s not expensive or difficult to create your own ideas and content. However by using low paid ghost writers and designers they can save time and money to replicate our website and content.

A quick search of Google reveals on his LinkedIn profile that Balazs Kiss is currently a Senior Lighting Technical Director at Weta Digital in Wellington and has worked on many major motion pictures. His personal website states, “Balazs uses a variety of software programs in his work. Most of the time he uses Autodesk Alias Maya with Mental Ray or Pixar Photorealistic Renderman for his own work. He also uses Apple Shake for compositing and Adobe Photoshop or Right Hemisphere’s Deep Paint for texturing.”

balazs3d_02

Peter appears to be working closely with a Georgina Lany who runs a social media company called “Wicked Social Media” and “The Facebook ATM” promoting coaching, get-rich-quick style seminars and guidebooks that teach people how to make money from Facebook.com using her “21 fail-proof strategies and campaigns“, she also claims “I promise you that if you download the guide right now, and you get started right away, you will see money flooding onto your Facebook ATM account in less than 24 hours… You can too achieve financial freedom in a couple of months, while maintaining a sustainable financial freedom.

On her YouTube channel she says, “I guess you know right now that to be successful in your niche you need to be connected with your targeted group, you need to be loved, trusted and need to provide free content so people will like you, trust you and at the end purchase from you. It’s a really hard work and takes a really long time.

The actions described in this blog post are in conflict with the above statements made on their website. It appears as though the shortcut option has been taken by ghost writing content and replicating brands/websites that others have taken years and invested lots of capital to develop. We wouldn’t trust seminar advice from a couple that conducts themselves in this manner – would you?

LEGAL ACTION

Lawyers on behalf of Gold Smart contacted the owners of ‘FastCash4Gold’ to notify them of the copyright infringement on the 22 September 2011.

Here’s an extract from our letter: “The fastcash4gold.co.nz website infringes our client’s copyright because it substantially reproduces our client’s website notwithstanding that some minor changes have been made.  The layout, headings and much of the text/images have been copied almost identically.  Any changes that have been made are not significant enough to avoid infringing our client’s copyright.”

We received a response from a “Mr John McMartin” (perhaps the famous actor is now working for them): “Thank you very much for your letter. With deep regret we need to inform you that the FastCash4Gold website due to personal circumstances is now shut down. It has no connection what so ever to your email or your various accusations whats are without merit.”

Other claims from their reply include:

  1. “No pictures were used on the website whats (sic) are in the ownership of GoldSmart.”
  2. “The FastCash4Gold website is taken down, and due to personal circumstances it stopped (sic) every kind of gold/silver trading operation.”
  3. “We wish it is satisfactiory (sic) by you. In our opinion this matter is now concluded!”
  4. “If you wish to take it to Court, feel free to do so.”

Let’s look at these claims in a little more detail, we have also included images to illustrate our points.

Here’s the home page for ‘Fast Cash for Gold’ (right). You’ll notice the sections and navigation of the website are a direct copy of the Gold Smart website (below).

Please click on the images if you’d like to view the samples as higher resolution images.

SPECIFIC EXAMPLES OF COPYRIGHT AND TRADEMARK INFRINGEMENT

Navigation from both websites (identical):

Internal navigation from both websites (substantially similar):

Navigation, layout and content from both websites (similar):

Content from both websites (substantially similar):

Specific examples of copyrighted text (identical/substantially similar):

More examples of copyrighted text (identical):

Oops, they even forgot to change the company name (identical):

Copyrighted gold bullion photos taken from www.goldsmart.co.nz (identical):

SUMMARY

We could continue ad nauseam with many more examples, however I think you can see how our website including text, images, layout and our registered trademark have been appropriated for use on the ‘Cash4Gold’ website.

  1. Mr Kiss’ claims that “No pictures were used on the website whats (sic) are in the ownership of GoldSmart” is false.
  2. The claim that the ‘FastCash4Gold’ website was taken down due to personal reasons is more likely that they realize they have been caught and couldn’t honestly say they have not breached our copyright or the Fair Trading Act.
  3. Their statement that “We wish it is satisfactiory (sic) by you. In our opinion this matter is now concluded!” is not only arrogant but does not meet our requirements for redress.
  4. We suggest they consult a Barrister of the New Zealand Courts before challenging us to take the matter further. “If you wish to take it to Court, feel free to do so.” They have attempted to deceive New Zealand consumers into thinking their website is our website and we have evidence (as sampled above).

It’s our opinion that it’s clear from the above that ‘FastCash4Gold’ and Mr Balazs Kiss were alert to copyright issues but thought that those issues could be avoided if their new website “does not resemble to (sic) the original text”.

The fastcash4gold.co.nz website infringes Gold Smart’s copyright because it substantially reproduces our website notwithstanding that some minor changes have been made.  The layout, headings and much of the text/images have been copied almost identically.  Any changes that have been made are not significant enough to avoid infringing our copyright.

We will keep you updated on further developments.

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Ezycash Gold Buyers Apology Letter

ezycash-goldbuyers-

'EzyCash Gold Buyers' Apology Letter for Copyright Infringement

[Without Prejudice]

As reported earlier, we take copyright infringement seriously at Gold Smart because of the hard work and time that goes into producing original content. Back in June we discovered that ‘EzyCash Gold Buyers‘ had directly taken copy from our website to theirs – which we reported on and provided images to show examples.

We had our lawyers send them notice to remove any infringing content which they quickly addressed and provided this letter by reply. Overall we appreciate their honestly in admitting to the error, unreserved apology and speed to reply. This is a good approach to take and helped to defuse the situation.

At Gold Smart we take copyright infringement, trademark infringement and ghost-writing seriously. We will continue our ‘name and shame’ policy for anyone who decides to breach the Fair Trading Act and/or our copyright content.

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Wedding season

Spring is finally here, after the cold of the winter months… and so begins another exciting New Zealand Wedding season.

Choosing the right jewellery and accessories is an essential part of the details that make an unforgettable day. The items should be delicate and discreet and complement, never ‘overpower’ the dress. Keep an eye out for more wedding related posts as we progress through Spring and Summer.

We’ve found from experience with our customers that an easy way to obtain some extra money to help with expenses is to sell your old unwanted jewellery that has been forgotten in storage for ages. It gives us a great feeling to help couples facilitate the purchase of items for their very special day.

We at Gold Smart make selling your old jewellery an easy and fast process. You will be surprised how much you can get from selling unwanted gold and silver items, even broken items, and you’ll be glad you did!

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A high karat means more money for you

The amount paid by Gold Smart for your jewellery depends on the gold quality and weight of your items.

Most countries require jewelers by law to hallmark or seal gold jewellery. This means that an analysis laboratory determines the quality of the piece and stamps it with an official seal to indicate purity. On the other hand, today many jewellery items come from countries that require no seal or have less than perfect standards. The quality of these parts can only be determined through scientific testing, which can be done with acid or by X-ray fluorescence.

There are two classification systems that reveal the quality of gold, the karat and purity. Below is an example of how to compare the two measures:

KARAT FINENESS GOLD PURITY PERCENTAGE

9k : 375 / 37.50%
14k: 583 / 58.33%
18k: 750 / 75.00%
22k: 917 / 91.66%
24k: 999 / 99.90%

Note that there is no “100% pure gold”. Normally the highest possible degree would be 99.99%, found only in very special items. For common jewelery, the highest grade is 24 carats, equivalent to a purity of 999 or 99.90% pure gold.

We at Gold Smart respect our customers providing a simple and transparent pricing process. Call us now for more information.

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Spring cleaning – fun and profitable

A decluttered and ordered home brings happiness, clarity and order to the mind. Makes you feel better, more alive and in a ready-to-go mood.

Spring is that time of year to set aside space in our busy schedules for cleaning the house, getting rid of old unused stuff and leave space for the new.

It can be very satisfying sort the things and throw out what you don’t need but it can also be a way to earn some extra money to buy that what you want.

No one likes to get in that new dress or into those new clothes, wearing old-fashioned Jewelry, they just don’t match. Why not sell those outdated pieces for the highest prices possible in New Zealand, and reward yourself with something brand new?

We at Gold Smart respect our customers by providing them with the excellent service and rates rates, so you don’t need to go all over town looking for it.

Why wait? Call now and start enjoying the new season in style.

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Is gold a bad investment?

Gold does not always shines, but you wouldn’t know that from surging worldwide interest that has turned the yellow metal red-hot.

Gold has become highly prized bling, as anxious and astute buyers alike, from hedge-fund players to central bankers, flock to the “currency of fear.”

Gold’s feverish run has made a lot of people a lot of money, and though the rally has taken a breather in the last few months, there’s no shortage of flag-waving supporters who claim gold is on a march to US$2,000 and beyond. After all, gold is still well below its 1980 peak, when it was worth around US$2,300 an ounce in today’s dollars.

Certainly there are reasons to own gold in a diversified portfolio. Yet gold isn’t like a stock or a bond. It offers no income, no dividend, and no earnings. It is considered a store of value, an alternative currency that’s safe beyond reproach, but it is not cash in the bank, or even the mattress. Gold has no untapped intrinsic value; it is worth only what people are willing to pay for it. And lately, many people have been only too willing.

Original Source

http://www.marketwatch.com/story/why-gold-is-a-bad-investment-2010-11-12

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What ‘Carat’ Means?

The carat (abbreviation ct or kt) is a measure of the purity of gold alloys, 24-carat being pure gold. The carat system is increasingly being complemented or superseded by the millesimal fineness system, in which the purity of precious metals is denoted by parts per thousand of pure metal in the alloy.

Where did such an unusual unit of purity come from?

The word carat is derived from the Greek kerátion (κεράτιoν), “fruit of the carob”. Carob seeds were used as weights on precision scales because of their reputation for having a uniform weight. (However, a 2006 study by Lindsay Turnbull and others found this not to be the case). This was not the only reason. It is said that, in order to keep regional buyers and sellers of gold honest, potential customers could retrieve their own carob seeds on their way to the market, to check the tolerances of the seeds used by the merchant. If this precaution was not taken, the potential customers would be at the mercy of “2 sets of carob seeds”. One set of “heavier” carob seeds would be used when buying from a customer (making the seller’s gold appear to be less). Another, lighter set of carob seeds would be used when the merchant wanted to sell to a customer.

In the distant past, different countries each had their own carat, roughly equivalent to a carob seed. In the mid-16th century, the Karat was adopted as a measure of gold purity. The most common carats used for gold in jewelry making are 9 and 10 carat in New Zealand.

The value of your gold is determined by three things – the weight, the carat and the current market price. Higher carats of jewellery contain more gold (e.g. 18ct has two times more gold than 9ct) and the heavier the total weight means more cash for you.

At Gold Smart you will receive the highest price for your gold and silver because we are transparent about the entire pricing process.

Original Source – http://en.wikipedia.org/

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The Best Place to Sell Gold

Many people make a mistake of pawning their gold and silver to “less-than-trustworthy” uncaring pawn shops. Gold Smart appreciates your time and we understand that many cash for gold and silver deals can leave you feeling jilted. You deserve much better than that!

Don’t Take Chances

Gold Smart is the safest and easiest way to receive the highest cash payout for all your gold and silver. Whether its earrings, rings, necklaces – or any object made from gold and silver – we buy it and you are always guaranteed the most cash for your items. Our team of gold and silver appraisers are the best in the country so you can be 100% sure that your item receives an accurate, realistic appraisal.

You Have Our Promise: We at Gold Smart will always give you the proper amount for your gold and silver, every time you do business with us.

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Tips for Selling Silver

Perhaps it’s time to get rid of those ugly old silver bars that have been cluttering up your draws! As gold buyers you may be rightly unsure if we also buy silver bullion, however the answer is a very clear YES! The photo below was taken of a recent purchase from a customer and show some of the typical hallmarks on NZ silver (ASS 999, CS 535, 1.002KG, CIMET, etc).

sell silver

 

The silver purity of most bullion minted in New Zealand is 99.9% and naturally with silverware, ‘Sterling Silver’ is the standard. For the best prices on precious metals call the friendly and professional team at Gold Smart today.

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US Debt Issue Fuels Gold Prices

Gold prices are remaining high as continued uncertainty around the US debt crisis continues to trouble markets. This is more a reflection of the US Dollar loosing value against other currencies, including the AUD and NZD. The recent rises in spot prices have caught many by surprise, however remain highly volatile as markets trade on sentiment awaiting firm news.

Some market commentators have been suggesting that gold will give back it’s recent gains once the debt issue in the US has been resolved, albeit possibly only temporarily. More debt and more money printing has been considered bullish for gold and silver prices, however nothing is guaranteed and markets can move quickly.

This has been even more notable with silver prices, as it’s hybrid precious metal and industrial nature leads to connections between gold and other metals. Silver prices were driven higher by speculative investment demand through March and May of this year, only to be severely hit when the COMEX increased margin requirements.  It’s price and ratio have stabilized more so now and will be likely respond to any strength in the US Dollar and markets.

The timing for selling gold and silver is a personal choice. Even as gold buyers we find it close to impossible to predict the changes in prices – so if you want to sell, SELL, if you don’t then HOLD. Either way, you know who to call when you decide – Gold Smart!

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Caller from Cash Converters: Pretend Customer

cash convertersAs mentioned a few times earlier on our blog, we frequently get calls from Pawn Shops and gold buyers pretending to be customers. Often the reason for these calls is because they are trying to find out our gold rates and other information about our company. We find it amusing and silly that they don’t have enough work to keep themselves busy and find it necessary to call us, attempting to find out what makes us successful.

We had one such call from a lady at 11:54am today saying that she wanted to sell some gold and was asking about our rates. She said, “I’ve been to Cash Converters and their rates are really low, and they are not going to pay me anything. However I need to sell quickly so I wanted to check your rates.” She was quite pushy for information and seemed to be in a hurry to sell her jewellery (never a good sign).

As we were outside the office, we offered to call back when I had current rates on hand, however she was then in a hurry to end the call (not a good sign either). When back in the office, we found the number and could see that she was calling from the Cash Converters, Lower Hutt outlet (no surprise there).

Not only was the dishonest caller pretending to be a genuine customer and wasting everyone’s time, but her comment about their own rates was quite funny.

We’ll let you be the judge – wouldn’t you rather deal with a company that focuses more on their customers rather than their competitors?

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Heirloom and Inheritance Jewellery

goldbuyersnz

The Family Guy © Fox Broadcasting Company

At Gold Smart gold buyers we’re often told about family that doesn’t want Mum’s ‘out-of-style’ gold or Grandma’s silverware! It’s kind of shocking in many regards that children or siblings would refuse to inherit the family gold and silver. Yet it’s understandable because many of the items may not the the ‘style of the day’ or the brand jewellery your kids like.

The idea of selling gold that has sentimental value may seem difficult as memories and history can often be associated. As gold buyers we often suggest to customers that if the jewellery does have important connections then consider holding onto it as when it’s sold, it’s gone. Many sellers take a pragmatic approach to life that as the gold jewellery is not being worn, used or enjoyed then it would be best converted into cash.

At Gold Smart family is very important to us and if your sisters, brothers, children or grandchildren are snubbing their noses at your gold, then we will gladly exchange it for piles of money that you can spend on yourself!

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Fashion Trends in Jewellery

The days of wearing large gold chains, necklaces and bracelets are fading as the fashion trends have moved to white gold, platinum and silver. As buyers of interesting jewellery items we have noticed a strong movement towards customers buying lighter, simpler and more fashionable jewellery.

Many customers say to us that it feels ostentatious to wear heavy yellow gold jewellery while in public, not to mention the security concerns. Naturally New Zealand women can be more understated and ‘less showy’ of outward signs of wealth. The idea of presenting your financial position through jewellery is not something that appeals to everyone. Gold jewellery has been used as a favorite form of adornment since the beginning of time, bringing out a woman’s best features, making us feel great and perhaps even attracting a mate!

White gold and silver can look stunning – found from the catwalks of Milan to the upmarket suburbs of Auckland. Selling gold is a great way to move forward and leave the 1980s in the past!

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Find Gold Buyers in New Zealand

gold_buyersRecent movement in the markets have caught some by surprise. Technically we are in the summer doldrums for gold prices and as gold buyers we have seen many customers pleasantly surprised by the recent strength in rates.

Again it appears that concerns around the Eurpoean Union and in particular the downgrade by Moody’s of Portugal’s credit rating to junk has seen markets respond by moving to investments seen as safe (or safer than government bonds). The New Zealand dollar also responded to the earthquake by moving down against the United States dollar – yet has bounced back to record high levels.

When selling gold it’s naturally a benefit to have higher prices because you get more from your items. This can be hard to time perfectly however as markets move quickly and as the common saying goes, “Bulls move up the stairs and bears go out the window”! The ideal timing really depends on what works for you and the benefit of the cash instead of unwanted jewellery.

The diversity of uses for “gold capital” is always something we find interesting and enjoyable to see the benefits Gold Smart is creating.

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Gold Refining Services

Gold Smart customers often ask what happens to the gold and silver that we purchase. Basically our gold buying service is related to our gold refining methods and processes. Almost all of the metal that we buy gets melted, processed and refined to recover the precious value contained in the gold jewellery, bullion and scrap gold.

Gold Smart’s refining service and recovery process begins the moment we view and appraise the items customers bring to us. When we view the jewellery we are looking at things such as hallmarks, quality of manufacturing, makers stamps, colour and texture of the gold, depth of sheen and so on.

The recovery and assay of all material is ultimately determined by melting (at over 1064.18 °C/gold’s melting point), and refining to separate the metal and remove impurities.

Advances in technology mean that we refine gold and silver to very high levels using the most environmentally-friendly methods that we can. The best option to sell gold is Gold Smart today.

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Sell Gold Online

Well it seems like Winter has arrived with a decidedly chilly wind blowing, yet the sun still seems to be shining! There’s very little snow on the mountains so skiing and snowboarding may have to wait a little longer…

If you’re thinking about what makes good gold buyers, and you’ve heard the news about high gold prices and that selling your old jewellery may be a good idea. In New Zealand we buy and sell based on what the current international rates are doing – this means prices are adjusted regularly to offer the best prices.

The condition of your items (silver, bullion, jewellery, etc) doesn’t matter because most of our consideration is related to the actual precious metal value. As gold buyers we appreciate you may have concerns around the process which could be a new experience that may have significant financial implications. Rates are important, however what comes from Gold Smart is also fantastic service.

How often have you visited a shop to purchase something and been put-off by the retail staff – perhaps because they have been rude or don’t actually seem to know their products very well? Being knowledgeable and experienced is normally fairly evident when talking with someone – do they make you feel comfortable or uneasy? Customers tell us of their experiences with other gold buying companies and how, in some occasions, they were simply told lies and given false information. Kiwis are smart enough to know what carat of gold they have and don’t take well to being told that something is 9ct when in fact it’s 18ct.

Important tips for selling gold to gold buyers is look through their website – do they seem knowledgeable, do they provide legitimate testimonials, do they describe the process in detail, do they offer high interest loans (avoid), do they look professional and well organised and are they specialists in their field (a company that does many things is a warning sign).

Enjoy the beautiful weather!

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EzyCash Gold Buyers Engaged in Copyright Infringement

Ezycash Loans and Gold Buyers, Panmure, Auckland – www.ezygoldbuyers.co.nz have been found illegally copying content from our website. “Ezycash Gold Buyers” based at 30B Jellicoe Road, Panmure, Auckland East, have taken text from our website, changed our company name to theirs and called the information their own.

See the below image for an example taken from their website showing copyright infringement by “Ezycash” of our website text and articles:

ezycash goldbuyers copyright theft

It’s disappointing when gold buying competitors decide to copy our original content and it has been mentioned before on our blog, yet this is the most blatant infringement of copyright we’ve yet seen from another New Zealand gold buying company.

Copyright infringement is a serious issue and one we consider dishonest, illegal and unethical. We have written to “EzyCash” to make them aware of our ownership of this content, and the appropriate responses expected.

This is the same company that offers to lend money at 360% interest per annum (so are we surprised?) – see their “Lending Terms & Conditions” for more details.

It’s quite hard to find any clear information about who “Ezycash Gold Buyers” are. Even with a search of the Companies Register and their website there is a lack of clarity as to the legal ownership of this business – very strange.

See here for an example of the various “EzyCash” entities that have been registered in New Zealand – Search the New Zealand Companies Office If you have any information about the ownership of www.ezygoldbuyers.co.nz website, we’d be keen to hear from you as we have a case to take further action against these mysterious individuals.

As Gold Smart customers will be aware, “Pawn Shops” are known know for being places that most people don’t like to go and there’s a very negative public perception about the type of business that lends money at predatory rates. You need to listen to your “gut” and if you feel uncomfortable then there’s probably a very good reason to avoid places that make you feel that way.

Be smart, ask around, check out our testimonials from customers that have already done the research for you and found Gold Smart to be the best choice.

EzyCash” decided that it was easier to copy our original content and ideas than to create their own.  Would you want do business with people like that? If someone is comfortable acting in this manner, what else are they capable of?

We have suggested all illegally taken content be removed immediately and will keep you informed as to “Ezycash’s” response to our notice to cease and desist from infringing on our copyright.

It’s our strong advice that gold sellers do homework on who are the legitimate, honest and reputable traders that exist in New Zealand.

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$770,000 Jewel Bandits Caught

Two men traveling around New Zealand on Mexican passports are believed to have made two daring day-light robberies that netted around $770,000 worth of jewellery and gem stones from several jewellery salesmen.

From The New Zealand Herald online:

Two men accused of being part of an international robbery group which netted $770,000 worth of jewellery were remanded in custody when they appeared in Auckland District Court this morning.

Cesar Orlando Romero, 43, a native of Colombia, and Javier Espinosa Agreda, 26, whose country was not listed on charge sheets, appeared in Auckland District Court today via audio-visual link from Auckland Remand Prison.

Both face charges of being part of an organised criminal group conspiring to commit aggravated robbery. Romero is also charged with possession of a fake United States passport.

Their lawyer, Paul Tomlinson, did not make a bail application and they were remanded in custody until June 24.

Three women – Maria Teresa Martinez, 47, and two Colombian women who have yet to be named – are also scheduled to appear today.

Two other alleged members of the group, Juan Leal Casillas and Jose Roberto Jimenez Perez, are still at large.

Their victims were dealers from Australia and Asia here to buy and sell jewellery.

The wanted men are travelling on Mexican passports and were last seen in Christchurch on May 27. They may be travelling in a grey Mitsubishi rental car.

Detectives believe most of the jewellery has been recovered, but are still assessing exactly what went missing and what they have since found.

Police were alerted to the gang after Sydney-based dealer John Wertheim was robbed of $110,000 worth of jewellery in Parnell in daylight on May 2.

The thieves allegedly struck again on May 17.

Again it was in a public place, outside the Rydges Hotel in Federal St in the central city, where two salesmen lost $660,000 worth of jewellery.

All the salesmen were believed to be in the city visiting potential buyers.

Mr Wertheim couldn’t be contacted last night but a spokeswoman for his employer, J S Landau Diamonds, said the company “wanted to be very careful what is published about the robbery”.

Detective Inspector Scott Beard told the Herald the thieves shouldn’t expect New Zealand to be soft on crime.

“New Zealand shouldn’t be seen as an easy touch by overseas criminals. Police work closely with Customs and Immigration and in this particular case, the joint effort got results.”

Mr Beard warned the alleged thieves that they would most likely find it hard to hide here.

“New Zealand is such a small country [that] generally, with public assistance, [police] find people they’re looking for – which doesn’t necessarily happen in bigger jurisdictions.”

The hospitality industry and Customs have been put on alert for Casillas and Perez.

He said the dealers were not hurt during the robberies. “Probably the biggest injury was losing their property.”

Mr Beard said the arrested people and Casillas and Perez were likely to be part of a syndicate with links to South America.

The victims had been deliberately targeted but he could not discuss details now that some of the accused were before the courts.

More than 1000 items were stolen but only a few pieces had still to be recovered, Mr Beard said.

“You can imagine there are a lot of items and we just need to go through and check them off inventories, but at this stage it would appear we have recovered a lot of it.”

Three of those arrested are Colombian nationals travelling on United States passports. The nationalities of the other two are not known but they arrived in New Zealand in April using Mexican passports.

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A drawer full of old jewellery away…

It’s interesting and fascinating to see the variety of uses for cash that customers have when selling gold jewellery to Gold Smart. We’ve helped people find deposits for houses, romantic holidays away, purchase new cars, freedom from debt, gourmet dinners, gym memberships, VIP movie tickets, University and school fees, and too many others to list!

As Gold Buyers in Auckland it’s great to see so many Kiwis unlocking hidden value stored in old gold and silver jewellery. It’s amazing what a small amount of gold can be worth especially if the carat of gold is high (such as 18ct, 22ct or 24ct). Much of this type of gold may have been purchased from overseas such as India, China, Hong Kong, Saudi Arabia, Dubai, etc where gold is traded on weight and carat (generally not design value).

Many customers are also seeing the value in selling silver as the trading price of the underlying precious metal has been moving higher since the start of this year. There’s a lot of money tied up in the old silverware set from Grandma!

What’s your gold and silver jewellery really worth? Check out our testimonials and see our Value Guarantee – only available from Gold Smart!

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New Zealand’s Gold Buyers

gold buyersWelcome to the new Gold Smart website!

The team have been working hard over the past three months to create an improved and updated website. You’ll recognise the familiar branding and colours with a modern update that creates a fresh, clean, rich and professional image.

As gold buyers we have included more in-depth information for people considering selling gold and silver. This includes our new Knowledge Base called “Money Matters”. Other areas that have been improved include the What We Buy section that provides examples of what your gold may be worth and the types of gold jewellery, gold bullion, gold coins, silver and diamonds that Gold Smart will purchase.

For customers that wish to sell gold it’s important to read what others say about the process of getting cash for gold so our Testimionals section has been upgraded to include further customer reviews and praise for our service.

Unique to Gold Smart is our Value Guarantee that outlines our commitment to providing the best rates for gold and silver. We undertake to beat any price, deliver excellent service, provide full and complete communication, the fastest turnaround time, no pressure, and absolutely no hidden costs!

The FAQ’s have been updated to included more detailed information about why to sell gold to Gold Smart, the process, how we determine gold value, and many other useful and helpful answers to questions.

Please enjoy our new website and we look forward to your comments, suggestions, feedback or otherwise!

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Where to Sell Silverware in New Zealand

Did you know that the Sterling Silverware cutlery sitting in your kitchen draw is a veritable “silver mine”? With the price of silver reaching record levels more and more people are realising that Nana’s old spoons, forks, knives, serving spoons, dishware, candlesticks, tea-service set, tableware, silver flatware and so on is worth it’s weight in silver!

Sterling silver is an alloy of silver containing 92.5% of silver and 7.5% of an “alloy metal”, usually copper. The sterling silver standard has been around for a very long time.

Silverware has been the standard for setting a proper table when hosting guests, however given the rise of sterling silver and other manufacturing methods, it’s become less popular and troublesome to maintain. In the house steads of old, wealthy families would have butlers responsible for maintaining the collection of silver – including cleaning and polishing. In middle-income families a few items of silver or silverplate may have been displayed on a buffet table, cabinet or simply locked away for security.

If you have silver cutlery yourself you’ll know how time consuming it can be to store, use and clean all silverware associated with special functions!

Sterling silver will be appropriately hallmarked with stamps to indicate it’s authenticity. This could include fine silver of 99.9% silver or better (normally only used in the making of bullion bars), Britiannia silver at 95.84% sterling (more pure than sterling), Mexican silver of 95% purity, North American coin silver, German silver of between 80%-90% depending on the manufacturer.

Hallmarks on silver are not to be confused with makers’ marks, which alone are not considered “hallmarks”. A hallmark is simply an indication of the metal content, such marks may read: 800, 813H, 925, 925S, 935, 960, sterling, etc. Symbols on the items may include: an eagle’s head, boar’s head, triple crown, the lion passant (walking lion), etc.

Perhaps you inherited a silver-set from family and you simply cannot bother with the hassle of cleaning and safety storing it – no matter the reason, your silver flatware can net you a pretty penny!

When selling silverware in New Zealand, talk with the silver buying experts at Gold Smart to turn that unwanted dining set into piles of cash!

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Cash Loans for Gold? Beware ‘Loan Sharks’

Evil. That’s what we’d call anyone making loans on gold and silver jewellery – commonly referred to others as “loan sharks”. These predatory companies have infiltrated New Zealand society and exploit struggling families.

With the current environment of rising prices (food, petrol, energy, etc) many are in desperate and vulnerable states that loan sharks will happily prey upon. Whilst these types of companies have to follow current NZ Law, many people taking out loans don’t understand the terms and conditions, and in many cases English is a second language – making comprehension of binding legal contracts even harder to understand.

One loan shark posing as a gold buyer states on their website that they charge over 400% per annum! Who in their right mind would think that’s a fair deal?

This has become such an issue that there’s now a “Community Alliance Against Loan Sharks” campaign that’s just been launched by the Labour Party with the aim of being an advocate for consumers.

Launching a community alliance against loan shark exploitation today Carol Beaumont said: “Kiwi families all around the country are having to make terrible choices between putting food on the table, or putting gas in the car, or taking the children to the doctor.”

“In an environment where rising costs are putting families on the brink of despair loan sharks are at the ready and open for business,” Carol Beaumont said.

“Today community groups including the Salvation Army, the NZ Federation of Family Budgeting Services, FINSEC, The Child poverty Action group, The New Zealand Association of Credit Unions and budgeting expert Darryl Evans gathered to re-launch the anti-loan shark campaign with a community focus.

It will be interesting to see what effect this has on changing the practice of cash loans, “pay-day advances”, cash for gold, loan your gold, etc in New Zealand. Hopefully this action will result in greater government regulation, especially for those targeting lower socio-economic areas.

If you are thinking of selling gold then choose NOT to support these types of predatory companies – only sell gold to dedicated  and professional gold buying companies like GOLD SMART. With pride, we DON’T make loans.

Posted in Gold Smart Blog, Pawn Shops | Leave a comment

Sell Silver

Silver prices have been doing extremely well lately and outpacing gold in terms of it’s rise. This is making it an excellent time to sell silver in New Zealand with spot silver hitting a new 31-year peak! How long will this rally continue is anyone’s guess with many commentators saying that “silver is overbought” and due for a correction.

Gold Smart will purchase any silver bullion, silver coins, silverware (sterling) and silver jewellery that you want to sell. Examples of silver to sell include 1oz Silver Bullion (including silver Kiwi Ferns, Silver Kookaburras, Australian Silver Koalas, Canadian Silver Maples, Mexican Silver Libertad, Chinese Silver Panda, American Silver Eagles, Austrian Silver Philharmonics), 99.99% 1kg Silver Bars (PAMP Suisse, J&M, AGR, NZ Pure Silver, ABC, Perth Mint Silver), old silver coins that have no numismatic or collectors value (including Morgan Dollars, Liberty Head “Barber” half-dollars, some quarters, dimes and nickels, Crowns, Half Crowns, Florins, Shillings, Six Pences, Three Pences).

Silver prices have reached record-levels making now a great time to sell silver for cash to Gold Smart in New Zealand.

We are Gold AND Silver buyers!

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About Gold Smart – Professional Gold Buyers in New Zealand

Imagine having spare cash for the new things you want just by selling your outdated and unwanted gold…

At Gold Smart® We Buy Gold and Silver in New Zealand for refining and recycling. Gold Smart’s service helps you exchange your unwanted, damaged or outdated gold jewellery for cash as gold prices soar.

We started Gold Smart® because we recognised the need to provide you a fair and transparent process for selling your unwanted gold jewellery.

Gold Smart® is NOT a pawn shop or a kiosk in a shopping mall – we are professional and friendly gold buyers focused on providing you the best prices and service.

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Jewellery Valuations and Insurance

With gold prices hitting record-highs it seems there are people encouraging the public to spend money on jewellery valuations. Having up-to-date records of all your gold and silver jewellery items is very important and understanding how insurance companies work will save you headaches and trouble if the unthinkable happens – your jewellery goes missing!

What’s the value of my Jewellery

First let’s look at the difference between ‘retail value’ and and what we call ‘real value’. As consumers we know (or should be aware) that purchasing any item new from a jewellery shop will contain a large ‘retail’ premium. This is true across almost any item you look at from large screen plasma TVs, new cars, clothes, computers, cellphones and so on. Commonly this is what’s called depreciation – basically the decline in value of ‘assets’. From an economic point of view when we enter into a contract of sale we are effectively accepting that the item will depreciate from the moment payment is made. The amount of loss in value depends on the item and how much over it’s ‘true value’ you bought it for.

What’s depreciation and does it relate to jewellery

Depreciation can also be caused by factors such as wear and tear, outdated technology and consumer demand however for the sake of this article let’s put that aside for the moment and focus on how this relates to buying and selling gold jewellery. There’s various definitions of what can be classed as an asset and the view we subscribe to is that it’s something that puts money INTO your pocket and improves your financial balance sheet. Such as stocks yielding interest payments, real estate that’s generating positive cash flow, long term investments, etc.

What’s an Asset

Assets are tangible or intangible items that produce value and have positive economic value. Paying “retail” for something is never a smart idea and yet we are often driven by emotion and desire (which can have  a negative effect on our personal wealth and well being).

Retail Premiums on Gold Jewellery

Let’s now look at the various price components that make up the cost of new jewellery to help understand where this difference arises from… imagine the effort required to mine only 1 troy ounce of fine gold – it can take over 1 ton in rock to yield this much gold, that’s a ratio of 1:32,150! Not particularly efficient or environmentally-friendly.

Now imagine that unrefined gold doré bullion has to travel some distance perhaps overseas like the Martha Mine in New Zealand to the Perth Mint in Australia. That product must be processed and refined taking out all the impurities and separating the gold, silver and precious metals. This process has several steps and uses very toxic and strong chemicals to complete. Next the refined product needs to be turned into materials suitable for the jewellery manufacturing process – this could be in the form of alloy, gold/silver granules, fabricated metal products, castings, plate sheet, solder paste, wire and so on.

Manufacturing overheads

Next the jewellery manufacturing process will take place, which could be done in China, Thailand, Indonesia, or other countries where the human labour costs are low (or in Western nations where costs are higher). Depending on the item being made the finished product will have a variable amount of time required to finish the jewellery. Normally done in bulk, mass-produced runs to reduce the costs such as seasonal designs or product ranges used by high-street jewellers.

The jewellery would then be shipped to a warehouse for distribution to various retail locations across the country and the World. Next items are sent to individual stores for presentation and sale. Of course retail costs can be very high as can well-trained jewellery sales men and women including retail overheads, full time sales staff salaries, commissions and so on.

Gold Prices

If you think about gold prices as the raw-ingredients used in the supply and manufacturing of jewellery and the above mentioned steps as what’s considered “value-add” then it’s not hard to imagine how much above the “gold value” jewellery can be. It’s no uncommon for this to be in excess of 300% above the metal value. Yes, gold and silver could be considered an asset, however that’s given when you bought the gold it was at fair market valuation – i.e. very close to the actual gold spot price. If you’ve bought many years ago you may be lucky in that the gold price has moved up so much that you now have items worth more than you paid for them! This is not guaranteed however – best to make money when you purchase not hope for some potential increase in value.

Jewellery valuations

If you consider for a moment the recent world-wide property bubble that was built on high leverage, easy debt and speculation, then one must be open to considering that banks, promoters of real-estate investment and valuers were partly responsible. Remember the rating agencies that provided AAA+ ratings for all those toxic mortgage-backed-securities? The public believed rating agencies opinions and yet overlooked the shocking fact that rating agencies were paid by the very companies the products were created by – now that’s a serious conflict of interest.

Ethically and in most cases by law, valuers are required to remain objective and impartial providing a genuine service to customers. Yet we’ve heard that if you own real estate it’s quite possible to encourage the property valuers to provide either a higher or lower value depending on your intentions. Now imagine that the same valuer or Real Estate agent was the one looking to purchase your property… hardly objective is it?

The illusion of higher value

In our opinion we must look carefully at who benefits from not just selling jewellery but maintaining the belief that something has more value than it really does. Quite simply something is worth what another person will pay for it. If you have to insure an item to retail or replacement value who benefits? The company providing insurance (the higher the value the larger the premiums), the valuer that needs to provide a new report each year and of course the retail jewellery shop that provides you replacement jewellery at retail prices.

Yes, gold and silver is considered an asset that maintains it’s value (given normal market fluctuations). Jewellery however does not meet our definition of a true asset because of the high retail premiums you pay when purchasing from a shop (especially true when items are brand-new). Be very careful of companies that value jewellery and also purchase it!

For customers looking for a reputable jewellery valuation for insurance replacement purposes, we recommend Gemlab, as they are independent and impartial valuers. www.gemlab.co.nz

For fast cash for your unwanted gold and silver (and excellent rates), please talk with the friendly and professional team at Gold Smart today. www.goldsmart.co.nz

Posted in Gold Buyers, Gold Smart Blog, Jewellery Valuations, Moving On, Selling Gold | 2 Comments

Gold Buyers – The Gold iPad 2: Yours for Only £5 million

As Gold Buyers in New Zealand we see some interesting jewellery items, however we are yet to have a solid gold iPad come through! We’d be happy if that did happen because we love the iPad and couldn’t think of anything better than wrapping it in 2.5 kilos pure gold (24ct).

Here’s the full article:

Dubbed the iPad2 Gold History Edition, this bespoke beauty by designer Stuart Hughes looks set to hold the record for the most expensive tablet device on the market for a long time yet.

Let’s break down what you’ll get for a cool £5 million. First, the 24ct gold back, with the Apple logo drenched in 53 individually set ‘I’F’ Flawless white diamonds totalling 12.5cts.

Second, the front frame, overlain with exotic Canadian Ammolite, one of the world’s oldest gemstones and carbon-dated at 75 million years old. Like truffle over pasta, the frame is further jazzed up by mixing shavings of the thighbone of a T-rex into the already ancient mineral. Still not impressed? The home button’s encrusted with a single, 8.5ct Flawless diamond, set in platinum and surrounded by a supporting cast of 12 flawless diamonds. Only two of these superluxe gadgets have been made, so join the queue!

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Gold Prices Volatile in Wake of Japan Disaster

As gold traders it’s been an interesting time with choppy gold prices in the past few days… Overnight there was significant liquidation of precious metals (-$US30) with traders selling anything of value in an attempt to raise some cash. Sometimes investors have little choice but to sell well preforming assets to cover margin calls and losses elsewhere.

The massive slide in the Nikkei (Tokyo Stock Exchange) has started to ease off with some thinking that the markets have been ‘oversold’ due to the severe asset sell-off around the World. Fear and confusion are great reasons to take profits while you can and sell gold before things get worse.

The other concern for gold prices is the scale of investment holdings in Japan because they own large amounts of gold (765.2 Tons/3% of total World reserves), this supply could come onto the markets in the coming weeks as physical holdings are liquidated to generate cash.

Precious metals are often seen as safe-haven assets, however jewellery because of it’s gold purity content (normally less than 98.5%), it’s unique form (non-uniform) and the retail premium (300%+) over the gold value would not be considered an asset in the common sense meaning.

A weakening New Zealand dollar is helping to cushion the effects of the price movements (so we can be grateful for that!).

If you’re thinking about selling – talk with the Gold Smart team today! 0800-465-37

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How to Stay Positive and Productive in Troubling Times

Lately there’s been quite a bit of tragic news – from the Earthquake in Christchurch, to the unrest in the Middle East to the Tsunami in Japan. It seems everywhere we look there’s bad news and people in crisis. Our hearts go out to those affected by the recent tragedies and our thoughts are with those that are experiencing dark times.

With such negative external events taking up our collective mind-space, how do we remain positive so that we can help others and contribute in a productive manner? It’s our belief that everything starts with ones thoughts because if you can remain calm and focused in times of crisis you will be able to positively impact those around you.

You may feel many questions rolling around in your mind – should I be doing something to help, how terrible – what can I do, the events are too overwhelming – this is more than I can cope with, are my friends and family OK, what does this mean, how should I be feeling, and so on.

Often it takes the ‘re-framing’ of a question to make it positive… as Anthony Robbins once stated, “A signal has meaning only in the frame or context in which we perceive it.” Could re-framing of what’s causing you to be unsettled help turn problems into positive challenges? Basically attaching new meaning to events that are beyond your control.

Despite how we may feel, no person has total control over their lives because external and unplanned events can and will happen. What you do have control over is your response to those events. Victor Frankl, holocaust survivor and author of Man’s Search for Meaning, explains:

“Forces beyond your control can take away everything you possess except one thing, your freedom to choose how you respond to a situation. You cannot control what happens to you in life, but you can always control what you will feel and do about what happens to you.”

How remarkable that someone in such dire and hopeless circumstances as a Nazi concentration  camp, can provide clear insights into the meaning of life and the freedom of choice that one always has even under severe suffering.

Staying positive in troubling times could be as simple as re-framing the difficult questions and events you are facing with courage and conviction.

“Boldly I speak, because faithfully I love.” – Bernard of Clairvaux to Pope Innocent II.

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Man Arrested in Mexico for Carrying 150 Gold Coins; Coins Seized

The Federal Police from the International Airport of Mexico City recently arrested a Mr Martin Thomas (U.S. Citizen), 58 years who had 150 gold coins in his possession. The gold has a total weight of approx 4.6 kilos.

According to the news report the gold coins were found in his baggage as he awaited a flight to Panama from the Mexico City airport, officials said. One container held 50 gold coins with the legend ‘Suid Afrika-South Africa’ on them and two others had 100 coins inside that said ‘United States of America’.

Although Mr Thomas provided a receipt that he had with him for the purchase of 50 of the gold coins worth $1,171 each, the gold was still confiscated by the prosecutors, the secretariat said. It is not clear what the charges are against him or even if it’s legal to confiscate gold coins in this manner.

Normally when passing through immigration one is required to declare ‘currency in their possession to X $ value’ and it would have been the legal face value on the coins – so $50USD/oz of gold. It seems bizarre to risk all that value  if he was legitimately importing/trading gold, so the theory is that either he was smuggling gold or the officials are corrupt and will keep the gold for themselves.

Either way, moving this much gold through Mexico – NOT SMART!

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Need a Cash Loan? Just Say No!

Pawnbrokers say "You Can Trust Us..." - what do you think?

Cash loans with high interest rates and payday advances are dangerous traps designed to catch the vulnerable and desperate. Companies that offer loans using your jewellery as security have the odds stacked in their favor because of the terms they use and the interest rates they charge.

In New Zealand there have been many cases where ‘Pawn Shops’ have been charged because their annual interest rates differed from that disclosed in their loan documentation. Breaches of the “Contracts and Consumer Finance Act (CCCF Act) and the Fair Trading Act” are serious and clearly show a premeditated approach to defrauding New Zealanders. Those who seek to take loans from pawnbrokers and payday lenders can be particularly vulnerable due to financial stress.

Anyone that thinks they have signed something that was misrepresented or their rights under the Act have been breached, should make a claim to the Commerce Commission.

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Beautiful Oscar Dresses 2011

The recent 83rd Academy Awards saw some beautiful dresses and actresses walk the Red Carpet! The Oscars are famous for the glamour, fashion and style. James Franco was brilliant in drag (silky pink dress) with Anne Hathaway sporting a smart black tuxedo. Kirk Douglas was hilarious and charming during his appearance…  Natalie Portman was touching in her speech and full credit to “The King’s Speech” for their well deserved win of Best Picture.

Here’s Gold Smart choices for Best Dresses on the Red Carpet:

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The March of the Yellow Metal

Overnight gold prices broke through US$1,415 per ounce and the New Zealand dollar continued it’s decline against the U.S. dollar to $0.744 – this is great news for people with gold to sell because we’ve not had both factors move in our favour for some time now. The uncertainty around the turmoil in Libya (and perhaps the Middle East in general) has sent Crude Oil to $100 USD/barrel – the first time in more than two years!

The latest gold price move has been the longest rally for six months and as everyone knows, markets move up and down. When prices move upwards they “walk up the stairs” and when they move downwards, they “fall out the window”. It’s very hard to pick the best time to sell – so when prices are strong you get assured returns.

The current conditions in New Zealand with unemployment remaining high, housing looking shaky, business confidence low, food prices rising, it’s a good time to be debt-free and doing all you can to keep your expenses low. Gold prices are unlikely to rise faster than the outrageous credit card interest rates!

If you simply want to change the style of your old jewellery – there’s some beautiful new designs coming out in Silver and White Gold…

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Price Comparisions from Various ‘Gold Buyers’ – 68% More!

The best feedback we can get at Gold Smart comes from customers that sell gold to us. Often these customers are smart and have shopped around a few dealers to get prices for their unwanted items. Two recent sellers had this to say…

From Murray in Auckland - “Thanks so much to Goldsmart who I called recently to facilitate a quote for the sale of my no longer in use wedding ring. They were fantastic and informative and upon me mentioning I would like to shop around suggested I gather quotes and call them with the weight and carat of the ring to see how the prices compared. The next morning I visited a franchise in a popular shopping mall and got the ring weighed and valued and was underwhelmed with what was offered. I was also underwhelmed with the aggressive nature of the attendant trying to persuade me to sell it on the spot. I returned home (with my ring) and called Goldsmart who immediately offered me a price that was 68% more than I had been offered earlier in the day. I was invited to stop by Goldsmart and was met by Anita and her colleague who then wrote me a cash cheque. The Goldsmart team are very professional and I was satisfied that I hadn’t just given my ring away, after all, even though I no longer had use for it, there is still emotional attachment and it would have severely devalued that (if that makes sense) to have let it go so cheaply. I would recommend anyone go to Goldsmart to sell their gold, they conduct their business with integrity and respect, which was such a contrast to the franchise I had originally dealt with, who seemed to be blatantly profiteering from peoples misfortune.”

From Robin – “Just a quick note to say I shopped around for months before deciding to sell my gold to you. I was first taken with your website which seemed to promise a more professional and respectful approach in comparison to many others I’d tried which implied the seller was desperate to acquire cash as the sole motive for selling – which of course isn’t true. I got quotes from three places on the same day and earlier and all were well below your quote which you fully honoured when I called to sell. Many thanks for a professional, friendly and efficient transaction.”

Save yourself the time, sell your gold to Gold Smart!

We are humbled to receive such warm reviews from our customers – it’s rewarding to provide the best services and incredible rates to Kiwis around New Zealand.

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Rising Food, Energy and Gold Prices

Deadly riots because of high food prices have been raising a lot of media attention lately. From Haiti to Egypt, dramatic increases in world food prices are causing political and economic instability. This has been resulting in social unrest particularly for poor and developing nations.

“Price spikes have been influenced by rising oil prices (costs of fertilizers, transportation, etc), falling food stockpiles, expanding middle-class populations of Asia, subsidies in developed nations (e.g. Corn subsidies in the US), market speculation, climate change and world population.”

In the latest edition of its Food Outlook report, the United Nations Food and Agriculture Organization (FAO)  warned the international community to prepare for harder times ahead unless production of major food crops increases significantly in 2011.

Sugar climbed for a third year in a row in 2010, and corn jumped the most in four years in Chicago. Food prices may rise more unless the world grain crop increases “significantly” in 2011, the FAO said Nov. 17. At least 13 people died last year in Mozambique in protests against plans to lift bread prices.

“There is still, unfortunately, the potential for grain prices to strengthen on the back of a lot of uncertainty,” Abdolreza Abbassian, senior economist at the FAO, said by phone from Rome today. “If anything goes wrong with the South American crop, there is plenty of room for them to increase.”

Global food production will have to rise 70 percent by 2050 as the world population expands to 9.1 billion people from about 6.8 billion people in 2010, the FAO has said.

In response to the 2008 crisis, countries from India and Egypt to Vietnam and Indonesia banned exports of rice, a staple for half the world. Skyrocketing food prices sparked protests and riots in almost three dozen poor nations including Haiti, Somalia, Burkina Faso and Cameroon.

So what can you do to protect yourself and your family?

First off, plant a garden – New Zealand has by most standards plenty of arable land suitable for growing tomatoes, carrots, radishes, brussel sprouts, herbs, potatoes, etc. Planting a garden can be an inexpensive and fun activity for the whole family. If you’ve never grown a vegetable garden before, there’s plenty of books from the library or websites that will help you know how to grow nutritious food.

Secondly, consider how you will store your freshly grown food – such as a food dehydrator, zip lock bags, freezing, etc. This will ensure the long-life of your supplies. This could be considered your “Food Bank” a place where you store canned goods, dried foods and other essentials that may become much more expensive in the near future. Consider storing salt, peanut butter, cooking oils, sugar, coffee and powered milk.

Thirdly, you could consider selling your unwanted gold jewellery to help fund your emergency food supplies for yourself and your family!

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Diamond and Gold Buyers – Is it Real?

This Valentine’s Day are you celebrating your love for someone or looking for someone new to love? When it comes to love how do you know it’s real and true?  At Gold Smart we are grateful for everyday that’s shared with those we love and cherish the memories created.

Sometimes we can be in relationships that are not healthy and yet find it difficult to move on and break free. If he gave you diamonds and gold, how do you know it’s real? How heart-breaking would it be to find out his gifts were not all he said they were. Yet this is something we see at Gold Smart – boyfriends, husbands, lovers giving presents that are lower carat or simply fake. These are the ones you have probably already left and may not be too surprised to find out all that glitters may not be gold.

How do you know when true love abounds? Well, that’s something you’ll need to discover for yourself – however the team at Gold Smart are experts in determining the authenticity and value of your gold and diamond jewellery.

To-morrow is Saint Valentine’s day,
All in the morning betime,
And I a maid at your window,
To be your Valentine.
Then up he rose, and donn’d his clothes,
And dupp’d the chamber-door;
Let in the maid, that out a maid
Never departed more.
—William Shakespeare, Hamlet, Act IV, Scene 5

 

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The Hitman with the Golden Gun – Cash for Gold ‘Shocker’

The New Zealand Gold Buying industry is relatively tame with ‘pawn shops’ content to rip-off customers with low rates and unethical loan-sharking to vulnerable people. They’ve been known to call confuse ‘pawn shops’ with ‘prawn shops’, bad advertising and tacky shops – which is nothing when we heard about Toronto’s Cash for Gold companies…

According to a news item on Toronto Life, two competitive gold buying companies set up across the road from one another and that’s when the problems started. One of the gold buying shops apparently hired a hit-man to ‘take-out’ his rival across the road!

Around noon on July 16, a large, Iranian-born man named Saeed Hosseini purportedly walked into Easy Cash for Gold, a storefront near Bathurst and Glencairn, and asked to speak in private with the owner, Jack Berkovits. Berkovits, a grizzled 58-year-old who also owns a chain of jewellery stores called Omni Jewelcrafters, took Hosseini to a nearby kosher restaurant called King David Pizza. They ordered coffee and sat. After much prevarication, Hosseini, a tae kwon do specialist and former mixed martial arts competitor, finally admitted that he had no gold to sell. Instead, he claimed he was there because of Maria Konstan, an employee of a competitor named Harold Gerstel, a man better known by his public moniker Harold the Jewellery Buyer.”

“According to Hosseini, Konstan had asked him to kill Berkovits. Having said this, Hosseini quickly assured Berkovits that he wasn’t going to do it; he just thought Berkovits should know that Konstan not only wanted him dead, but was willing to pay someone to do it.”

“Berkovits immediately contacted 13 Division at Eglinton and the Allen Expressway and gave a statement to two police investigators. Berkovits’s claims were later bolstered by Hosseini himself, who gave investigators the same story he’d given Berkovits. Konstan was arrested on July 22 and charged with five criminal offences, the most serious of which was counselling to commit murder.”

“The case was reported by a swarm of journalists and was revealed to be as convoluted as it was ludicrous. In one televised news interview, Hosseini, while hidden in shadow like a participant in a witness protection program, claimed that he’d worked for Gerstel for years, primarily as a collector of debts. Konstan, he alleged, had offered him $50,000 to take care of Berkovits; she had been so angry at the time that he could see the veins stand out on her forehead. The report then cut to an unnamed Gerstel relative, who insisted that Hosseini was never an employee and had been paid only on one occasion to keep an eye on the competition across the street. Not to be outdone, Harold Gerstel complained to one of the papers that the allegations were false: “All I can say is it’s a total frame-up,” he was reported as saying. No one, meanwhile, could explain what would motivate Konstan, an elderly, low-level employee of Gerstel’s, to hire a hit man.”

“The most interesting fact came from the police, who, either by accident or design, released a curious detail to the press: the tensions between the owners of Harold the Jewellery Buyer and Omni Jewelcrafters began in May 2009, when Jack Berkovits hung a “Cash for Gold” sign outside his store.”

Despite the drama, I imagine most gold buying business in Toronto continue on as if nothing much has happened. I guess when you are dealing with people that are comfortable charging 1,000% interest on loans then the next step is not so hard to make. Our advice is to steer clear of companies that make loud noises and proclamations about quick cash from seedy shops. Your intuition will guide you and hopefully help you avoid a very costly mistake when selling gold.

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Sell Gold to Gold Buyers

THE GOLD SMART VALUE GUARANTEE

Gold Smart promises to provide you excellent service and fantastic rates. Our commitment to providing the best rates and professionalism has seen us quickly become a favourite choice for selling gold in New Zealand.

WE UNDERTAKE TO BEAT ANY PRICE

In the unlikely event that you receive a higher offer for your gold, Gold Smart will pay more!

We simply require a written offer from the New Zealand gold buying company that contains accurate weights, the purity of each gold item and the price offered.

THE FASTEST TURNAROUND TIME

At Gold Smart we pride ourselves on being fast, friendly and professional. If you need your gold sold today – we promise to complete your transaction as quickly as possible. Typically we can help you immediately and put cash in your hands for the things you want.

FULL AND COMPLETE COMMUNICATION

With every purchase the Gold Smart team will guide you along each step of the way, making clear what to expect and helping answer any questions or reservations you may have. Rest assured you will feel comfortable and confident selling gold to Gold Smart.

KNOWLEDGEABLE AND PROFESSIONAL TEAM

We understand that selling your unwanted gold is something you may not have done before and you must feel we have your best interests at heart. Our professional team are experts in appraising the gold content and value of your items.

NO PRESSURE

The last thing you need is to feel pressured into selling your gold. At Gold Smart we promise to give you the right information and with no-obligation so you are free to decide if you sell or not.

NO HIDDEN COSTS

The price we offer you, is the total price and we promise there are no hidden fees or charges, with fair weights and measures.

www.goldsmart.co.nz

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Gold Buyers and Gold Prices for Selling Gold

Gold prices are up overnight by around US$20 per troy ounce, which has been seen as a positive move for gold. This was due to Bernanke’s cautious comments, some short-covering, safe-haven buying and perhaps sentiment over Egypt.

Gold prices have been showing strong signs of downward pressure the last few weeks so it’s great to have the trend take pause allowing customers to cash-in when the price rises. Gold prices are still at historic levels which means gold buyers like Gold Smart can help you exchange unwanted gold for something you can use – CASH.

The Gold buying team at Gold Smart have an excellent track record of providing excellent customer service, as well as a safe, comfortable, and easy to get to location. And the number one thing our customers say is that we pay the most. People consistently commented that they compared many ‘cash for gold’ outfits and the highest offers were made by Gold Smart of Auckland.

When selling gold in New Zealand be sure you talk with the friendly and knowledgeable professionals at Gold Smart!

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How to Sell Alluvial Gold in New Zealand

Over 4 Troy Oz Alluvial Gold

Gold Smart is proud to announce that we are now purchasing Alluvial Gold! If you are a weekend-gold-fossicker or more serious commercial mining operation looking for the best rates to refine and assay your gold material – then Gold Smart is ready to help you!

If you have alluvial/placer gold that’s taken blood sweat and tears to find then you’re going to want the best metals analysis and refining processes. The Gold Smart gold refining service is fast and we use the latest technology to ensure accuracy and speed. We will also purchase all alluvial gold that gets refined at excellent per gram rates.

Refining alluvial gold has never been easier! We don’t however purchase Alluival Gold Dust from Ghana – so if you’re thinking about asking, please DON’T. Only gold that’s already in New Zealand will be considered by the team at Gold Smart.

Please contact Gold Smart for more details about our Gold Refining Services: 0800-465-376

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Freedom from Debt by Selling Gold

With the financial pressures prevalent around Christmas time, it can be all too easy to spend more than what we budget.

A survey recently conducted on New Years Resolutions placed resolving debt second to losing weight and well ahead of quitting smoking. Getting into debt is a lot like putting on weight or a heavy load. One logical way to ease this burden is to sell gold jewellery that you have no use for anymore.

Customers who decide to sell their gold on many occasions have done so to reduce debt or fund activities that would otherwise have put them into debt, and we commend them on doing this. It’s a positive step towards their financial future and peace of mind. As well as addressing the debt it can be closure from a past relationship or acquaintance.

One customer had the option of loaning money through a pawn shop against the jewellery. In this case at a monthly interest rate of 30% (annual interest rate of 360%!) and she quickly concluded that it would have been difficult to repay and easily trapped into this vicious cycle of debt.

By selling a small handful of jewellery she hadn’t worn in over ten years she had enough to pay off her credit card and buy school uniforms and equipment for her children without having to go further into debt. She felt great about it which is what the Gold Smart experience is all about.

Whether it’s freedom from debt or a simple way to treat yourself after all the Christmas mayhem, it’s a great time to get more cash for your gold from Gold Smart.

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How to Sell Gold to Gold Buyers in NZ

Wow, it’s been an exciting few weeks for Gold Prices!

The price of gold per troy ounce and the price of gold per gram has been moving because of the international gold markets and foreign exchanges. Customers who decided to sell gold, gold jewellery, gold coins and gold bullion in New Zealand have benefited from strong gains in prices that mean GOLD SMART GOLD BUYERS can pay you MORE!

Overnight COMEX Gold has been hammered by -US$25 per OZ after BEN BERNANKE (Chairman of the United States Federal Reserve) hinted at stronger US Growth. Strong markets and good news from the US is generally bad news for the price of gold. As Gold Brokers we are holding our rates high as long as possible to pass on the best cash for gold possible to our customers. However we can’t hold our rates forever with gold prices showing strong downward movement – if you are considering selling gold (gold jewellery, gold bullion, gold coins, etc) the value of gold is still high.

Join the GOLD RUSH and SELL YOUR GOLD FOR CASH. Everyone has a different reason for wanting to sell gold or jewellery for cash. Whatever your reason, GOLD SMART offers a fast and friendly service that puts a cash in your hand when you need it, satisfaction guaranteed. Contact the team today to see how easy it is to receive hundreds, if not thousands, for your gold jewellery.

FREE PHONE: 0800-465-376

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Professional Gold Buyers in New Zealand

Whew! Christmas has gone and New Years Resolutions will start to be tested as 2011 gets underway!

As professional Gold Buyers we understand that Christmas spending can put families under pressure, not to mention holidays, travel, purchases and just the rising price of food! It can be tempting to pay using credit – to have something now is quite powerful in motivating us to indulge in expensive items that perhaps we should avoid. The big trap for many is the high interest rates that many credit providers charge, including the simply evil rates that ‘Pawn Brokers’ use to trap Kiwis into.

Selling gold can be a very effective way to create additional capital for families. When considering selling gold in New Zealand you’ll need to be sure you are selling gold to a gold buying company that provides the best rates, full privacy and discretion, personal and friendly service and knowledgeable staff. It’s not worth taking the risk – your intuition is a great asset when considering which gold buying company to sell to. Customers say that “Gold Smart is the ONLY choice!”

It’s incredible how a small amount of gold jewellery can add up to a significant amount of CASH. It may only be a few handfuls of gold jewellery that you are considering selling – yet that could be several hundreds if not thousands of dollars. Imagine what you can use this money for…

For the best price for your gold – call Gold Smart Gold Buyers Today! 0800-465-376

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Gold Buyers

Mmm, gold… gold has been held up for a long time as something precious, a rare commodity and something that Pirates love to seek – Gold Treasure!

Gold Jewellery because of it’s precious metal content has value beyond how nice and pretty the manufacturing may be. And often that can mean even more cash for your old, damaged and out-of-style gold jewellery. When you are considering to sell gold jewellery the most important thing to consider is – where to sell gold jewellery?

In New Zealand there are a few options when selling gold that customers should be aware of because most people don’t want to be ripped off and treated badly. At Gold Smart we’ve heard so many unfortunate stories from customers about selling gold jewellery to other companies that nothing much surprises us!

Just because a company is advertising that they pay the best rates, does not actually mean they pay the best rates!

Customers say the last place they wanted to sell gold was a Pawn Shop because they are used to dealing with people that are desperate for cash and offer the equivalent service. These types of situations are unfortunate because these people will often take whatever they are offered because they need the money urgently. This is very similar to the companies that offer loans, pawnbroking, advances on salaries, finance and so on – all designed to take advantage of the desperate and vulnerable.

Who you sell to is also a very important choice because you want to know you are selling gold to a 100% New Zealand Owned Company and that the income generated stays in New Zealand to benefit the local economy. Any company that’s not 100% NZ owned will have overseas interests and will likely be sending profits out of this country to benefit wealthy people that don’t care about the people of Aotearoa.

When you Sell gold to Kiwi companies that employ Kiwis and retain all profits in New Zealand the whole country benefits.

The next point to consider when you want to sell gold jewellery is how private and confidential is the service. Do you want other people looking over your shoulder and seeing you sell the family gold? Will you feel comfortable selling your gold to a teenager that clearly is not an expert in precious metals? Do you trust someone that offers loans to vulnerable people? Do you feel safe taking your gold jewellery to a public place?

At Gold Smart we offer complete and total security, privacy and comfort!

Cash! Who doesn’t like cash for gold? At Gold Smart we don’t have the large overheads of shops or kiosks in shopping malls so we can pay more for your gold jewellery! Enjoy the benefits of high rates for your gold today.

Call 0800-GOLD SMART (0800-465-376) Now to see how you can get cash for your unwanted GOLD JEWELLERY!

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Sell My Gold

Santa's (Siberian Husky) Reindeer

Wow, it’s only 12 days until Christmas! If you’re looking for money for gold then you call sell your gold to Gold Smart – The Gold Buyers paying cash 4 gold!

Gold Smart will buy any kind and carat of gold making it easy when selling gold jewellery. Customers often ask us how they can sell gold for the best prices and the answer is simple – come to Gold Smart first!

We have made the process of getting money for gold a breeze – we look at three things: the carat of gold (so how much gold do the items contain), what’s the precise weight in grams (gold price per gram) and what’s the international gold spot price (converted to New Zealand dollars).

Selling gold has never been so easy and with record high gold prices you can forget hoping to strike it rich at the casino – the real gold is waiting in your jewellery box!

Gold Smart is NOT a pawn shop or a Kiosk in a Shopping Mall – we are Gold Buyers that buy gold (and silver) paying you fantastic rates that give you more.

Call us today for a FREE quote on any gold and silver jewellery items you may have. We buy gold in ANY condition!

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Why Selling Gold is Good for Economic Recovery – Inflation vs Deflation

"The Deflation Bear is Waiting..."

We apologize in advance because this blog post is going to get heavy and perhaps a little obtuse… however we’ll let you be the judge of that!

There’s been plenty of debate recently if we will see inflation or deflation. The people that believe we will see inflation point to the ‘money printing’ by the Federal Reserve in the United States and the ‘monetisation’ of debt (purchasing their own bonds) as warning signs of impending and rampant inflation. The other side that believes we will see deflation point to the very high unemployment rates which puts heavy pressure on wages and consumer enthusiasm. Adding to their case is the large budget deficits at the federal level (deflationary), slowing tax receipts that put pressure on budgets and decreasing business growth.

Both sides have compelling arguments for and against and it could be said that gold and silver prices do trade on sentiment – fear and greed which are really not rational states of mind. The amount of money (US Dollars as the World’s reserve currency) in circulation has increased markedly yet if you talked with most business owners, particularly small businesses they will tell you accessing credit and loans is almost impossible right now. Small businesses are the backbone of our economy and money/capital could be considered the live blood for many – without it they will die. Leading to decreased production, staff redundancies, lower wages therefore lower consumer spending and so it continues in an ever worsening cycle.

If we see deflation then owning dollars could be very good because your purchasing power is in fact increasing, meaning you can buy more tomorrow than you could today. From what Ben Bernake (Chairman of the Federal Reserve) has said, it’s their intention to keep inflating the money supply – however one must consider where this money is going… of the US$3.3 Trillion Dollars most of the money went to the large global banks.

Some believe that the super wealthy are unloading securities, selling gold and buying dollars because the US will default on it’s loans. They claim the US is undergoing deflation with “fewer dollars chasing goods, chasing the worker’s labor, chasing factors of production — this means that each dollar in circulation will buy a bigger slice of pie (or, holding pie slice size constant — it will take fewer dollars to by a given slice of pie) — thus those holding dollars and IOU’s denominated in dollars are getting a big unearned premium — a windfall — on each dollar and on each dollar-denominated IOU they hold because of deflation.”

It’s not hard to see how large money players would want deflation because this increases the purchasing power of the money they hold. By starving the consumer of their purchasing power they in turn become more wealthy. So if you’re still following this post then you’ll be able to appreciate the summary… “when you buy gold, you are giving needed blood from our national veins — our dollars — in exchange for gold which is not spendable, which only adds to the deflation behind this depression.”

Buying gold under this argument has a negative effect on the economy as a whole and selling gold is good because this creates liquidity in the system.

It’s our view that in a stable healthy economy we would see continual price deflation as the cost to produce goods becomes cheaper through technological efficiencies across all sectors.

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Gold Buyers and Gold Prices – How to Spot a ‘Gold Imitator’

It’s interesting when you lead from the front because others tend to follow and as we’ve experienced – competitors simply try to copy Gold Smart!

As the old saying goes leaders lead and followers follow… and when you are unable to lead you are forced to follow – stuck as an imitator. Some companies that offer to buy gold in New Zealand simply look at what others do well and try to copy them. This may be seen as a quick way to make up for lost ground, however they will never lead and be seen by customers as less than genuine.

As with the Gold Smart name, philosophy, brand, values, reputation and loyal customer base – you need to think independently to succeed. We’ve been fortunate to have a multi-talented and creative team focused on building unique customer experiences. It goes without saying that a “leopard can’t change it’s spots” however much they try… if the core values of a company are not aligned with what they are trying to tell customers about their services it will be incongruent and easily recognised.

"Beware of Wolves in Sheep's Clothing"

Like a Wolf in Sheep’s clothing they can’t say they will provide honest transactions and that they care about the customer when their actions show the opposite is true. Customers can see through the deception.

Being Gold Buyers in New Zealand the team at Gold Smart has had to be very innovative and creative in our marketing and branding. And it’s quite flattering when competitors attempt to imitate us – in some cases:

  1. Stealing our text copy (word for word)
  2. Using similar photography and design
  3. Calling us pretending to be customers trying to find out information and
  4. in other cases actually sending “spies” to us under the false pretense of being genuine gold sellers!

Apart from wasting our time and theirs it shows a lack of initiative, dishonesty and laziness!

Gold Smart really does think differently and if you’d like to experience our amazing customer service – please call today 0800-GOLD SMART (0800 465-376)

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Sell Gold and Save Money for Christmas!

"The Golden Santa"

Christmas is just around the corner and you’ll soon be bombarded with messages about shopping, sales, presents and giving. It can be a stressful time of year for many families especially if money is tight and things are not planned well. This can be especially true for families with kids and the demands to make the Christmas experience enjoyable and memorable for them.

We’ve compiled some easy tips for how to save money this Christmas!

  1. Plan it! Before you shop or do anything create a plan of what you’d like to achieve, what memories you want to create and what your budget will be.
  2. Use Discount Cards! If you do decide to buy presents then discount cards are a great way to make your money go further.
  3. Use Envelopes to Allocate Cash! Throw away the credit cards and apportion your gift money into envelopes – this way you avoid overspending and can remain within budget.
  4. Have a Secret Santa! See if your family is happy to give only one gift to one person – the giver can remain anonymous and you can even set a maximum dollar amount such as $20.
  5. Give Time! Remember that what makes Christmas and the Holidays memorable for many people is the gift of time spent with loved ones – what memories and experiences would make your Christmas Golden?
  6. Sell Gold! If you have unwanted, worn or damaged gold jewellery consider selling it to raise spending money for Christmas – You’ll be amazed with what your items are worth!

“Gifts of time and love are surely the basic ingredients of a truly merry Christmas.”
~ Peg Bracken.

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How to Recover Stolen Gold Jewellery

It’s an unfortunate part of life that burglars and thieves are particularly active around Christmas time. With the record high gold prices it’s also no surprise that these criminals have been targeting gold and silver jewellery – your gold and silver jewellery that you’ve worked hard to purchase, received as a gift or was handed down by a relative.

New Zealand Police reported that there were 60,142 burglary offenses recorded last financial year! That’s 138.6 for every 10,000 Kiwis. Shocking statistics really… so the questions to think about are what can I do to protect myself and my family?

Firstly it can be helpful to look into the psychology of the typical burglar so to be better prepared – here’s some information provided by the NZ Police website:

Who burgles a house and why?

  • I can be male or female and I act on easy or tempting opportunities
  • I burgle houses during the day or night – especially when I can see no one’s home or the risk of being seen or caught is low
  • I may operate alone or with other people I know
  • I may be on foot or could use a vehicle to cruise and check out your neighbourhood looking for those easy or tempting opportunities
  • I often burgle one or more nearby houses in the neighbourhood
  • I generally don’t stray too far from my home. I like familiar territory such as the routes to work, school or a friend’s place.
  • I’m always on the look-out for opportunities along the way, but I won’t burgle too close to home in case someone recognises me.
  • I may look out of place in your neighbourhood, but few people take note of my activity or even ring the Police to report suspicious activity

60,142 burglary offenses recorded last year in New Zealand!

 

Why would I pick your place?

  • I like houses where it looks like no one’s home – lights aren’t on at night, curtains may be drawn during the day, or mail and newspapers have been left to accumulate in the letterbox.
  • I like houses where a window or door is left open or unsecured
  • I like houses where people can’t see what I’m doing from the street. Trees and shrubs may block the view
  • I like houses that have alleyways running beside them or back onto parks, reserves or green belts
  • I like houses where items of value are left outside overnight, like a bike
  • I like houses where the garage door is open, I can see your car isn’t there and there’s something valuable inside, like a lawnmower
  • I like houses I’ve been to before. I know the layout, what’s in them and how to get out.
  • If I’ve burgled a house once, it’s likely I’ll try it again when valuable items have been replaced.

How do I operate?

  • I’m usually looking for cash or small, valuable items I can quickly convert into cash such as jewellery, videos and stereo equipment
  • Often I’m stealing to order and may have a car nearby to help with my ‘get away’
  • I usually sell stolen property to people who like to buy things cheaply
  • I may go onto a property and knock on the door to see if anyone is home
  • If someone is home, I normally make up an excuse for being there. For example, I’m looking for my dog or a nearby street
  • I try to get in and out of your home as quickly and quietly as possible
  • Sometimes I hide your property nearby and come and get it later

What I don’t like!

  • Houses with alarms
  • Neighbours who support each other, talk to each other and take an interest in what’s going on around them, particularly people they don’t know or haven’t seen before
  • Neighbours who report suspicious activity to Police and are able to give good descriptions of who and what they’ve seen
  • Dogs or guard dog signs on fences and gates
  • Houses with good locks on doors, windows and other entry points
  • A vehicle in the driveway
  • Lights, TV or stereo on
  • People who mark valuable property with serial numbers and keep a record of those numbers

If you have gold jewellery you’ll need to think about how it’s protected… the first thing to consider is insurance - are the items insured for the correct amount, do you have detailed photos, receipts, records for each piece?

The next thing to consider with gold jewellery is how safe will it be in your house? Do you use a safe for storage of precious items, is that safe adequate for the job (fire proof, bolted to the floor, commercial strength, etc) or are your jewellery items simply sitting in a jewellery box or in your top drawer?

If you don’t have a safe, then another and even better option would be to store items using a Safety Deposit Box - they have excellent security and will provide peace of mind that your valuable gold and jewellery is safe.

All Gold Dealers and Gold Buyers in New Zealand are subject to strict laws around the purchasing of precious metals:

  • (1) A licence holder who has possession of, or who is offered for sale or pawn, any goods that he or she knows or suspects are stolen goods must—

    • (a) report the goods to a constable as soon as practicable; and

    • (b) if he or she has possession of the goods, hold them for 14 days from the date of the report to the constable.

    (2) If a constable gives a licence holder a notice that specified goods are, or are alleged to be, stolen goods, the licence holder must—

    • (a) immediately notify a constable if any of the specified goods are offered to the licence holder for sale or pawn; and

    • (b) check whether he or she already has possession of any of the specified goods and, if so, must comply with subsection (1)(a) and (b).

    (3) A licence holder commits an offence, and is liable on summary conviction to a fine not exceeding $10,000, if he or she fails, with respect to goods that the licence holder knows, suspects, or ought reasonably to know or suspect are stolen goods, to comply with subsection (1)(a) or (b) or subsection (2)(a) or (b).

    (4) A licence holder may dispose of goods that he or she has reported to the Police under this section after holding them for at least 14 days unless, before the expiry of the 14 days, the Police issue a hold notice under section 40 with respect to the goods.

In the terrible event that your items get stolen then you must report this to the Police ASAP. A link to “How to Report a Crime” can be found on their website here.

To protect Kiwis, the team at Gold Smart will readily report anyone suspicious to Police!

Remember to sell your gold to Gold Smart the GOLD BUYERS!

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Gold Smart Celebrates Women!

It’s no secret that a lot of customers that come to Gold Smart are ladies (smart business women, caring mothers, loving wives, loyal girlfriends, precious grandmas) … so in the spirit of things this post is all about celebrating and honoring our customers, and appreciating the achievements of women around the world!

The International Women’s Day is marked on the 8th of March every year and in different regions the focus of celebrations range from general celebration of respect, appreciation and love towards women to a celebration for woman’s economic, political and social achievements.

These days it’s become an opportunity for men to express their love for women in a way similar to Mother’s Day or Valentines Day – however the original meaning was strongly related to political and human rights with a focus on the political and social awareness of the struggles of women worldwide.

On occasion of 2010 International Women’s Day the International Committee of the Red Cross focused attention to the hardship displaced women endure. They state “the displacement of populations is one of the gravest consequences of today’s armed conflicts. It affects women in a host of ways.”

According to the Red Cross “Women displaced by armed conflict – often living alone with their children – are frequently exposed to sexual violence, discrimination and intimidation. Many face poverty and social exclusion as well. International humanitarian law therefore includes specific provisions protecting women, for example when they are pregnant or as mothers of young children.”

This is shocking to know, yet we are reassured to know this day is taking on a new global dimension for women in developed and developing countries alike. The day has becoming a rallying point to build support for women’s rights and participation in the political and economic areas.

Here’s some ideas that the team at Gold Smart think are a great way of celebrating women:

  1. Think about the women, living and dead, who have helped shape your life. Do something they (or at least a few of them) would have liked
  2. Consider cooking their favorite food, planting their favorite flowers in your garden or sending a check to their favorite charity
  3. Tell your children about the women you admire most. Talk about both the ones you’ve known personally and those you’ve only read about in books
  4. Tour an art museum near you and pay special attention to the work of female artists
  5. Have a party and invite all the women you never get to spend enough time with.
  6. Shower the women in your life with wonderful gifts (if you’re a man)
  7. Accept graciously when the men in your life shower you with gifts (if you’re a woman)

Famous Women of History

  1. Mother Theresa
  2. Cleopatra
  3. Joan of Arc
  4. Queen Victoria
  5. Indira Gandhi
  6. Marie Antoinette
  7. Marie Curie
  8. Eleanor Roosevelt
  9. Mary Magdalene
  10. Harriet Tubman

Famous Women of New Zealand

  1. Jean Batten
  2. Katherine Mansfield
  3. Malvina Major
  4. Kiri Te Kanawa
  5. Kate Sheppard
  6. Yvette Williams
  7. Annelise Coberger
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Interesting Facts about Gold from Gold Buyers in New Zealand

The World's Largest Gold Bar - 250KG

Here’s some interesting facts about Gold…

• Chemical symbol is Au from the Latin word ‘aurum’ which means “shining dawn”
• A carat was originally a unit of mass based on the carob seed used by ancient merchants
• Gold was discovered in Ancient times and used by the ancient South Americans, Asians, Egyptians, Greeks, Romans and Chinese
• A total of 165,000 tonnes of gold have been mined in human history, as of 2009. This is roughly equivalent to 5.3 billion troy ounces or, in terms of volume, about 8,500 cubic meters
• The largest gold nugget ever found weighed 195 pounds
• It is mentioned in the Bible
• The purity of gold is measured in Carats
• The Carat is still used for the weight of gem stones where 1 carat = 200mg
• Pure gold is 24 carats
• Oceans are the greatest single reservoir of gold at Earth’s surface, containing approximately eight times the total quantity of gold mined to date. However, the current cost of extracting it is more than the gold is worth. • About 10 billion tons of gold are estimated to be held in suspension in the oceans of the world
• The oldest gold jewelery used by man is dated to 3500 BC
• Pure gold is expensive and not very practical to wear owing to its extra softness. Therefore, it is mixed with other metals mainly copper and silver. Compared with other metals, gold is much softer
• Gold is the most malleable and ductile of all metals; a single gram can be beaten into a sheet of 1 square meter, or an ounce into 300 square feet
• It can even be hammered so very thin that the light of the sun can shine through it
• The melting point of gold is 1064.18 °C

If you are considering selling gold jewellery, gold bullion, gold coins or any form of gold talk with New Zealand’s Gold BuyersGold Smart today.

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Jewellery Valuations and Gold Buyers

Jewellery Valuations by independent jewellery valuers can be very useful when knowing how much to insure your items for and if the time comes to make a claim for stolen jewellery. Jewellery valuers will be able to give peace of mind and protection on any gold jewellery, diamonds or other precious items. The services could include professional gemological analysis on diamonds, precious stones and precious metals.

Ideally the jewellery valuer will be a trained as a gemologist and diamond grader and an understanding of the key valuation principles, techniques and ethics. If you have diamonds or gold jewellery with diamonds in it, we recommend using GemLab in Auckland – they are highly professional and particularly skilled in analyzing diamonds.

So on that basis valuations are important as they can provide peace of mind and security – especially if you don’t use a security deposit box or safe. However, gold jewellery valuations are useful up until a point – they will tell you with some degree of accuracy, how much your item, if stolen or lost, will cost to replace RETAIL. The retail value of jewellery is different from the value of the precious metal content.

This is because when you pay retail for gold jewellery you are paying for overheads such as design, manufacturing, transport, storage, the shop itself, the assistant that sold you the item and any commissions that they receive for making a sale all come into play.

The Simple Test to prove what something is worth, is to take it back to the shop the next day and see what they will pay you for it. Often they won’t even take the gold jewellery back from you. An example would be when purchasing a new car – we all know that as soon as you “drive it off the lot” the value goes down substantially. How come do we think it’s any different with jewellery? Are we seduced by the slick sales pitch, the nice shiny presentation, the idea or romance of gold jewellery or something else?

Time and again Gold Smart Customers say how great our service and prices are:

…I had been given the best price for my gold… excellent rates… I went to a well known jeweller on Broadway before I went to Gold Smart and was most disappointed with their attitude, service and especially the price they offered me… They will give you the best price… I decided to sell my gold to Gold Smart because of their excellent prices and how helpful they are… your prices are really good compared to the gold dealers in the shopping mall… and the list goes on!

Call the friendly and professional gold buying team at Gold Smart Now!

0800-465-376

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Where to Sell Gold Jewellery, Gold Bullion and Gold Coins in New Zealand?

New Zealand Mint Gold Kiwi Bullion Coin (Coin Values)

If you have any old gold or jewellery sitting around, you should consider selling it for cash today. There really has never been a better time to sell gold than right now – however it’s important that you select the right gold buying company to avoid being ripped-off. Many companies offer Cash for Gold (or “Cash4Gold”) buying services, yet Gold Smart customers tell us how they fall short of their expectations of fair prices, service and knowledge.

The process for selling gold and silver jewellery in New Zealand is very simple – Gold Smart has created a new solution based on three things: the weight of the item, the carat of the gold and the gold spot prices. The basis is our promise to provide a fast, friendly and professional gold buying service. Giving you a fair and open process for selling gold, gold jewellery and silver.

Canadian Maple Gold Bullion Coin (Sell Gold Coins)

At Gold Smart we also purchase Gold and Silver Bullion – the common types of gold bullion that we buy includes:

1oz New Zealand Gold Kiwis (99.99% pure)
1oz Perth Mint Nuggets and Kangaroos (99.99% pure)
1oz South African Krugerrands (91.6% pure)
British Sovereign Gold Coins (91.6% pure)
Gold Cast Ingots (98.9%-99.99% pure)

The value of gold coins and gold bullion depend on the size of the coin (weight in grams), gold purity, who minted the gold coin and the condition – is it worn, damaged or “mint condition”.

South African Gold Bullion Coin (Krugerrand Value)

When selling your gold you will need to make sure you don’t get ripped-off by the many “Sharks” out there. To get excellent prices for your gold you will need to talk with the trusted gold bullion buying experts – Gold Smart!

We buy gold bullion from sellers across New Zealand and offer excellent prices!

Sell Your Gold Bullion today!

Posted in Gold Buyers, Gold Smart Blog, Selling Gold | 1 Comment

Sell Your Gold for the Best Price

As you may have heard, the price of gold has hit record levels recently at over US$1,400 per ounce. This could literally mean you are sitting on a gold mine with your old, damaged or simply out of date gold jewellery. Imagine what you could do with the extra cash – holidays, gifts, pampering, paying down debts, giving to charity, or simply saving for your future!

"The Golden Ticket!"

When selling gold jewellery you may be tempted to accept the first or easiest offer that comes along – however, be warned that not all gold buyers are as generous as Gold Smart. A small change in the rates will make a big difference in what you receive in your hands and some companies charge “handling fees” so the total amount for your gold may be different from what’s quoted.

The reason we started Gold Smart was because I couldn’t find anywhere to sell gold that made me feel like I was getting a fair price for gold jewellery and the level of service I wanted. The combination of a weak global economy and the soaring price of gold has been driving gold prices to new highs. This means you can cash in on the current gold prices when selling gold to the 100% New Zealand Owned Gold Buyers, Gold Smart.

When looking at the gold price per gram, you’ll need to have an idea of the carat of your jewellery as this is what determines the gold content and therefore the “gold price” of any items.

Carats or Purity of typical gold jewellery items:

  • 9ct is 37.5% gold
  • 14ct is 58.5% gold
  • 18ct is 75.0% gold
  • 22ct is 91.6% gold
  • 24ct is 99.9% gold or higher

If you’re interested in making extra money, you can host a Gold Smart Gold Party because everyone loves having a party! At the Gold Party a Gold Smart Representative will evaluate each person’s gold and make a no-obligation offer on the spot. Think of a fun evening with your friends where your guests who sell gold actually leave with money – the host also receives a percentage of the total gold!

Gold parties are fun, safe and a convenient way to sell old gold.

Call Anita today to book your event: 0800-465-376

GOLD SMARTTM, Gold Buyers in NZ!

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Gold Scams Soar – 4 Things to Check with Gold Buyers

"It's 9ct, not 22ct, honestly!"

It’s well known that gold prices have been at record levels for people interested in selling gold. The advent and increase in fly-by-nite jewellery buyers is concerning for us at Gold Smart. These gold buying scams can take many forms and at the end of the day knowledge is your best defense against becoming a victim.

There’s basically two groups of gold scams to be careful of – the first is people trying to sell you gold (often from dubious sources) and the next is people wanting to buy gold from you (such as traveling gold buyers or dodgy companies). We can say from experience that there’s 99.99% chance that anyone wanting to sell gold to you from countries like Ghana will be a complete scam. Simply nobody will send you gold without first receiving payment in full and on the flip-side you’d want to be very careful whom you send money to!

You’ve probably seen a rise in companies offering to buy your old gold jewellery, however there’s a massive difference between the level of honestly, professionalism, quality of service and prices you would receive from other companies. It’s not uncommon we have customers tell us how they took their items other gold buyers that didn’t even know the correct carat of gold – in one case the gold was 22ct (approx 91.6% in purity) only to have the character in question try and tell her it was 9ct (37.5% in purity). Either this is very bad training or simply fraud! Don’t be deceived, a reputable gold buyer will be able to tell very quickly if the gold in genuine or not, and determine the correct purity for you.

If you don’t feel comfortable or safe with the people offering to purchase your gold jewellery, then listen to your gut – it’s often right! The other comment we hear frequently is that “I didn’t feel comfortable, something didn’t seem right about them”, and “They couldn’t, or wouldn’t provide me even basic information such as what they pay for gold!”

At Gold Smart we are unashamed quality buyers of gold! Don’t take our word for it, check out our testimonials – they are literally golden! When considering selling gold, come to Gold Smart first, you’ll be glad you did!

P.S. The 4 things you need to check are prices, their ratings/testimonials, history and affiliations.

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Gold Price Drops as China Hikes Yuan

Wow it’s been an exciting time in the markets overnight! The big news today is that the People’s Bank of China announced a surprise .25 rate hike. This sent the US dollar surging and gold plunging. The .25 rate hike is in many ways not that much, however it’s signaling the start of further and more aggressive tightening cycle.

The implications are a stronger USD, weaker commodity prices (gold and silver) and lower equities (stocks, shares, etc). There’s also the possibility that gold drops some more and then bonces back to previous levels – however calling moves like this are akin to gambling – risky and very hard to call correctly.

At Gold Smart we’ve been saying to our customers for sometime that gold has been due for a pull-back so congratulations to those that took action and benefited from their good timing!


Gold prices are still very good from a historical perspective, so if you are considering selling gold – give the friendly team at Gold Smart a call to discuss now – 0800 465 376

As Gold Buyers we will be doing our best to hold our high rates, however if there’s further movement on the downside, we won’t be able to hold them for long!

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The How To Guide for Turning Your Unwanted Scrap Gold into Cash

The Gold Smart® Scales, Gold Buyers in NZ (the best gold buying prices Guaranteed*)

Selling your old gold jewellery may be easier than you think. Most pawn dealers make people feel uncomfortable and jewellery shops refuse to buy such items because they are difficult to sell to their customers. So what is the process if you want to sell gold in New Zealand? What are your options?

The first option would be to use a site like TradeMe – however do you want a stranger coming to your home to collect your valuable jewellery? Also you are competing against a large volume of gold and silver jewellery items, some with very low reserve prices.

The second option would be to give your jewellery away to your daughter, niece, etc – however customers often say to us that their kids/family don’t want their old jewellery so there can be a surprising lack of sentimentality. As a suggestion, if you sell to Gold Smart you could use the money as the gift to family or a worthy cause – I’m sure they will take cash!

Another option would be to offer your gold jewellery to your friends – however it may be difficult for you to ascertain the correct value and sometimes people don’t feel comfortable wearing second-hand jewellery.

An undesirable option would be to take your items to a “pawn shop” or similar store that will undoubtedly try a “low-ball” offer as they like to take advantage of “uneducated sellers”.

The last and best option is to call 0800-GOLD Smart and talk with one of our friendly Gold Buyers. We weight your gold using precise scales, test the items and calculate a gold value for you. It’s as simple as that!

Gold Smart is changing the way KIWIS sell gold – customers call us their favorite Gold Buyers!

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Forget the Casino, See Gold Buyers to Sell Gold!

The company that customers love [GOLD SMARTTM] have been helping people benenfit from the massive increase in gold prices seen over the past 10 years. This week saw a new record established for the price of gold in ounces and US Dollars. This means when selling gold you receive more cash for your gold.

Gold by it’s nature has a price and a value… and this is why Gold Smart constantly reviews prices to match increases in spot prices. Spot prices or the “Gold Price” is basically the price that gold contracts trade for on the world markets – this helps provide a guide for the value of gold in all its forms.

Different forms of gold can have different values, such as minted coins and highly refined gold bullion – for example if you are looking to sell proof-quality coins, these attract a premium over and above the “gold value”. Common bullion coins include the New Zealand Gold Kiwi (1oz), Canadian Maple Leafs, Krugerrands, Gold Philharmonics, Gold Sovereigns, Gold Kangaroos and Nugget coins, etc. Because the coins are in a “tradeable” format they don’t have the same spread as jewellery – because you’re not paying for all the associated design and overheads (just mining and minting).

Because Gold Smart are expert buyers of gold jewellery and bullion you can be assured that you are talking with someone who’s trusted and can be relied on to provide a professional value to your items.

Yes the New Zealand dollar has strengthened, however the gold price has risen slightly more – meaning more money in your pocket!

Gold prices are still at record highs making it a perfect time to sell gold to Gold Smart, Gold Buyers in New Zealand!

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How to Find Reputable Gold Buyers That Give You Excellent Rates

During times of financial troubles and hardship, one has to swallow his pride in order to take action against a rising tide of debt. Critical cases need urgent action. Most people in this category will be prepared to take action because there’s always a way to improve your situation.

The first place to start is by looking at how to reduce expenses and overheads. These could be simple luxuries that eat away at cash you could be using to reduce debt and pay bills. The next area to consider is how to bring in more income to ease any burden – if you have gold jewellery, then you are fortunate to have a way to get instant cash from gold buyers like Gold Smart.

The question can become, “I have gold jewellery, but don’t know who to sell gold to.”

If this is something you’ve considered, then feel at ease that your concerns are shared by many people who have been in the same situation feeling the same emotions. You need to feel comfortable with the people you sell gold to – most people wouldn’t feel comfortable selling to a dogdy pawn shop, selling to teenagers, in public and in-front of strangers or via a mail-in service where you can’t meet the people behind the business.

Your gold jewellery could contain hidden riches that will give you a large cash boost for paying bills, taking a holiday, going shopping or simply treating yourself. There’s a lot of hype out there and being a discerning seller doing your research will pay dividends!

“How do I know if I have chosen a reputable company?”

You can check this rather easily – firstly visit the company of gold buyers, do they seem professional and proficient, are they knowledgeable about gold and jewellery, are they focused on providing answers to your questions and excellent customer service? Do they have extensive and credible customer testimonials, are they transparent with their processes and most of all – does it feel right? Intuition is a wonderful thing that when listened to will often prove to be correct.

Don’t be pressured into selling anything, or be afraid that prices will move against you.

It’s also important to get an idea of how gold buyers are going to price your gold. Your gold jewellery valuables will be bought based on gold-content, however rates between companies can vary significantly – do they give you a PER GRAM RATE? At Gold Smart we provide rates so you can easily compare us against anyone else – you’ll be surprised what difference a few dollars in the per gram rate of gold prices will mean for your pocket!

Gold Smart is a pioneer is making gold selling a professional, friendly and pleasurable experience. We buy all kinds of gold from all ranges of customers – there’s nothing too big or too small for us to look at.

Gold Smart provides FREE APPRAISALS and a PRICE GUARANTEE*.

Check out our website now and call one of our friendly team to book your Gold Selling appointment!

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Selling Gold in New Zealand

At Gold Smart we think a happy customer is the best recommendation that we can get and it’s surprising some times just how much people appreciate our wonderful service! If you’re sitting on the fence about selling gold and not sure what to expect from the process, you need to look no further than our glowing testimonials… here’s one from another happy Gold Smart customer:

“It was an absolute pleasure doing business with Gold Smart. They are highly professional and the nicest people too. Felt extremely comfortable dealing with them and the way they communicated with me. I went to a well known jeweller on Broadway before I went to Gold Smart and was most disappointed with their attitude, service and especially the price they offered me. Don’t go anywhere else if you are thinking of selling your gold. They will give you the best price and you will be amazed at what your old gold is worth.”

- Debby, Auckland.

When you meet with the friendly team, you’ll see why we are so popular and customers rave about the quality service!

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The Real Value of Gold Jewellery

Being Gold Buyers we are often surprised with the horrendous mark-ups that our customers have paid for Jewellery from well-known retail stores. It’s not uncommon to hear stories of gold jewellery that was purchased at a 500% mark-up over and above the actual gold value. When you buy something from a retail jewellery store you are paying for manufacturing, shipping, handling, packaging, and the retail store overheads including salespeople. Each time someone has “touched” the item from manufacturing to the time it’s in your hands.

Gold jewellery markups are significant – simply put, jewellery is not an investment! Don’t let anyone convince you otherwise. If you buy something for it’s beauty then expect that it’s real value may be a lot less than what you paid. Another word of caution – don’t bother trying to sell gold back to the jeweller because our customers say they either simply won’t buy any gold back from you or they will offer low rates.

This week we’ve also had a lot of people comment to us they would be uncomfortable to sell gold in front of other people, especially in public locations such as shopping malls. Gold Smart customers are discerning when selling gold and we offer a professional and personal service that pays you more.

If you are embarrassed to go into a shopping mall or dodgy pawn shop then talk with the professional gold buyers – Gold Smart today!

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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!

www.goldsmart.co.nz

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Budget Loans pleads guilty to misleading – $500,000 returned to consumers

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.

Full Article Here

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Selling Gold? Loan Sharks are Biting Poor Pockets – Big Time!

Click for Part 1: Campbell Live Investigation

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.

Watch Part 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.

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Why Sell Gold when you get 360% Finance Rates?

Pawn Shop:

  1. a pawnbroker (or pawnshop) is an individual or business that offers secured loans to people, with items of personal property used as collateral.

Pawn:

  1. a person used by another to gain an end,
  2. 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!!

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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)

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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?

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Police crackdown on secondhand dealers – Don’t take the risk!

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

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Gold kiosks panned for poor prices

By ROB STOCK – Sunday Star Times

All that glitters: Mall gold buyers have been criticised for low prices

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

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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!

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How to Sell Gold – Selling Gold Jewellery, Gold Coins & Gold Bars

Are you ready to turn carats into cash? The team at Gold Smart are buying gold in large quantities and for the highest prices in years. Worn, damaged and out-of-style gold jewellery represents a great way to create cash when you need it.

A lot of people ask us how do I sell gold and used jewellery for cash? The process is quite simple and the price you receive will depend on three things: #1 what you are selling, (9ct gold or 18ct gold, gold bullion or gold coins, etc), #2 how much you have to sell (grams, ounces, kilos) and the #3 current market prices.

Carat (or Karat) is a unit of measurement to measure the purity of gold alloys. It’s represented by the symbol ct or kt. Carat can also be used to describe the mass or weight of gemstones. Carat means the proportion by weight of one part in twenty four. Examples of indicative gold content are as follows:

  • 9ct = 37.5% gold (or 375 millesimal fineness)
  • 14ct = 58.5% gold (585)
  • 18 ct = 75% gold (750)
  • 22ct = 91.6% gold (916)
  • 24ct = 99.99% gold (999 or pure/fine gold)

As a general rule the higher the carat value, the higher the gold content, and the higher the cash value from Gold Smart. The team at Gold Smart are experts in determining the actual carat of any gold item.

Bullion and Gold Bars

The term “Bullion” describes a mass of precious metal typically in the form of gold/silver bars or ingots.  Bullion is traded on its precious metal value because of the high purity content and the most common forms of gold bullion are recognised internationally – making it an efficient mode of trade. Gold Smart pays high prices for bullion – gold prices can fluctuate, so call today to and lock-in favourable prices.

Examples of ‘Good Delivery’ Gold Bullion Coins inclue:

  • US Gold Eagle – embossed with the image of a bald eagle (91.67% pure)
  • Canadian Maple Leaf - embossed with the symbol of Canada (99.99% pure)
  • Chinese Panda – depicting a panda bear which changes each year
  • South African Krugerrand – the first bullion coins ever released by a Nation (91.6% pure)
  • Australian Gold Kangaroo Nugget – (99.99% pure)
  • Gold Sovereigns - Full or Half (91.6% pure)

Others include:

  • New Zealand Gold Kiwi (99.99% pure)
  • ABT Gold Ingot (99.9% pure)
  • CMIT Gold Bar (99.9% pure)
  • AGR Matthey Gold Ingot (99.9% pure)
  • Morris and Watson Gold Ingot (99.99% pure)

When selling your gold you will need to make sure you don’t get ripped-off by the many “Sharks” out there.  To get excellent prices for your gold you will need to talk with the trusted gold buying experts – Gold Smart!

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How to Sell Gold in New Zealand? As seen on TV

Gold Smart (New Zealand’s leading gold buyers) are happy to announce our new TV commercial coming to a screen near you!

Anita from Gold Smart says, “Gold Smart offers the most competitive and professional service for people wanting to sell their worn and out-of-style gold for cash. Being open and transparent we are creating a new standard for New Zealanders wanting the best price and a personal service. The results speak for themselves and our testimonials give clear indication to the many happy customers that sell gold to Gold Smart.”

At Gold Smart you can sell your worn, damaged and out-of-style gold for cash today to enjoy what you want tomorrow. For a personal service that pays you more, call 0800 Gold Smart.

If you want to cash-in on the record high gold prices to sell gold, talk with the friendly team at Gold Smart – New Zealand’s Gold Buyers. Selling gold has never been easier so make the most of your gold jewellery and turn it into something you can enjoy.

Every New Zealander needs to know about the new and professional service from Gold Smart so please forward this message onto all your friends and family!

www.GoldSmart.co.nz

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Gold Price Brings Extra Christmas Cheer

Yes, it is indeed that time of year again. With weeks to go to Christmas now’s the time to free up some extra spending money by cleaning out the unworn jewellery in the drawer gathering dust.

Here are some excellent ideas from Gold Smart customers putting their cash to great use:

  • Attending a relatives wedding
  • Treating the family to a big screen TV for Christmas
  • Having a weekend away with spouse to celebrate a wedding anniversary
  • Money for an upcoming wedding
  • Raising funds for music lessons

And many more…

Christmas is an excellent time to reflect on what we are grateful for. We hope the lead up to Christmas is fun for you!

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We Buy Gold (not fridges or mountain bikes)

"Honest Joe's Pawn Shop"

We all know what “pawn shops” are about – making loans to people that can’t afford them, paying low rates on anything you sell them and then reselling these items at a significant mark-up. It could be said that this goes beyond just perception, it’s reality – if the stories customers tell us are true.

We’ve heard some sad stories about people needing to sell gold jewellery items and thinking that “secondhand dealers” are the only option. One lady was paid in “pawn shop money” to buy stuff in the shop that she did not want or need.

In a nutshell, here’s what Gold Smart is:

  • We are professional Gold Buyers that only buy Gold, Silver (and occasionally diamonds)
  • You will be treated with respect by friendly professionals
  • Gold Smart do NOT provide loans of any kind
  • The jewellery is recycled, NOT resold to the public
  • There is no pressure to sell – our customers feel relaxed and comfortable
  • Gold Smart offers excellent rates, personal service and discretion (no one looking over your shoulder)

Talk with the Gold Buyers team, call 0800 GOLD SMART today!

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Thieves Targeting Gold Jewellery – How Safe is Your Gold?

At Gold Smart we hear from people that have had gold jewellery items stolen and want to know if we’ve seen any similar items come through. It seems that opportunistic thieves know that the price of gold is high and one lady recently told us that she’d been burgled and they only thing they took was the gold (leaving the laptop, silver, camera, etc)! And now she was thinking to sell the gold they didn’t take as it no longer felt that it was safe sitting at home in a drawer.

Gold Smart has tight processes in place to help stop the trade in stolen gold jewellery items and we work closely with the Police to ensure any suspicious items and people are reported. This has resulted in successful prosecutions of individuals that want to profit from stealing your gold jewellery.

It’s common knowledge that there are pawnshops and buyers who will happily purchase stolen items on the basis that when it’s melted it becomes very hard to trace. We have heard of several companies in New Zealand already being fined for such activities and in our mind this makes them complicit in the crime.

At Gold Smart we pride ourselves on following and exceeding the legal and moral obligations put on us by New Zealand law – it’s just not right to knowingly profit from stolen gold jewellery. If you want to work with Gold Buyers with integrity talk to Gold Smart today.

P.S. Perhaps the gold jewellery you no longer wear would be safer as cash in the bank!

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Spring Cleaning – Time to Sell Gold

Time to Sell GoldSpring and Summer seem to have finally arrived in New Zealand – the lambs are jumping, the birds are singing and the grass is growing. Spring is the time of year to clean out old stuff, leave the past behind and move forward into the new season.

Spring has also brought continued high gold prices making it a perfect time to sell your gold to Gold Smart – New Zealand’s Gold Buyers. It makes us smile every time we help someone move on from their broken, worn or damaged gold jewellery that’s no longer worn or in fashion.

Here’s what Lisa (another happy customer) had to say about Gold Smart: “It was fast, it was easy, and the Goldsmart team are incredibly nice people. Plus, it’s not creepy or sleazy like a pawn shop — it’s totally professional and upfront. If you’re at all on the fence about going, get off and go!”

And from Vanessa: “Goldsmart have been nothing but professional since the minute I registered my interest with them. Within hours of requesting further information I was contacted and asked if I would like a courier bag or if I would like to drop in to the premises with my goods. Being a fairly long way away from where Goldsmart is situated I opted for a courier bag. I was called the day after I couriered my things to them to say that they had been received and that a price for purchase could be offered.”

“Excellent service, extremely re-assuring by receiving calls and information so soon after sending your items to them. I highly recommend this service to anyone who has anything that they no longer wear or require. For me, it was a matter of having stuff locked away in a box never to be worn again and not really knowing what to do with. As soon as I was recommended to Goldsmart it seemed like the perfect solution.”

“Thanks Goldsmart for a bit of extra cash in my pocket!”

If you’ve heard about high gold prices the time to call the friendly team at Gold Smart about selling gold is now – do you know what your gold is really worth?

The simple fact is that Gold Smart pays more – meaning more money in your pocket (not on large overheads and fancy offices).

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Diamond Buyers – Which One is Real?

Real or Fake diamonds? Diamond buyers...

Diamonds, which one is real and which one is fake?

All that glitters is sometimes not real! Can you tell which is the real diamond in the image to the right? Even the experts have been fooled by artificial diamonds called “Synthetic Moissanite”, diamond simulants or just “Moissanite” after the mineral name.

Wikipedia States: “Mineral moissanite was discovered by Henri Moissan while examining rock samples from a meteor crater located in Canyon Diablo, Arizona in 1893. At first, he mistakenly identified the crystals as diamonds, but in 1904 he identified the crystals as silicon carbide (SiC). The mineral form of silicon carbide was named moissanite in honor of Moissan later on in his life.”

Moissanite in it’s natural form is very rare – however it can also be manufactured in the lab as Silicon Carbide (SiC), also known as Carborundum (composed of silicon and carbon and used in various electronic applications).

“As a gemstone used in jewelry, silicon carbide is called “synthetic moissanite” or just “moissanite” after the mineral name. Moissanite is similar to diamond in several important respects: it is transparent and hard (9-9.5) on the Mohs scale (compared to 10 for diamond), with a refractive index between 2.65 and 2.69 (compared to 2.42 for diamond). Moissanite is somewhat harder than common cubic zirconia. Unlike diamond, moissanite can be strongly birefringent (double refraction).”

“Moissanite has become popular as a diamond substitute, and may be misidentified as diamond, since its thermal conductivity is much closer to that of diamond than any other diamond substitutes. Many thermal diamond testing devices are fooled by moissanite, but the gem can be distinguished from diamond by its birefringence and a very slight green or yellow fluorescence under ultraviolet light. Some moissanite stones also have curved string-like inclusions, which diamond will never have.”

If you are considering selling diamonds, talk with the team at Gold Smart for a no-obligation and free valuation of your diamond’s value.  Gold Smart are buying diamonds and will happily walk you through the process of careful analysis of the “Four C’s” – Diamond Cut, Diamond Clarity, Diamond Colour and Diamond Carat Weight.

P.S. Call us to find out which is the real Diamond – 0800 465 376

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Exchange Rates & Gold Prices

At Gold Smart we’ve had a lot of people calling wanting to know what their gold bullion and gold coins are worth. Naturally we prefer to deal with serious sellers that are wanting to move on their earlier purchases. It’s great news that gold prices have been at record highs and continue to remain strong – however only looking at the gold price does not take into account the exchange rate between the NZ dollar and the US dollar. In real terms this means if you’d invested in bullion over the last year you would have lost because the US dollar has significantly weakened against the NZD. This trend looks set to continue as the USD loses favour as a global reserve currency.

An example:

If you’d “invested” NZD$5,000 into bullion in February this year, it would be now worth NZD$4,114 (a loss of $886).

USD/NZD Exchange Rates

USD/NZD Exchange Rates

Any gains in the gold price have not kept pace with the NZD/USD exchange rates.

If you have gold bullion, gold coins or any other gold items – we recommend selling as the spot prices are losing steam and USD dollar weakens further. The team at Gold Smart are experts in appraising the value of gold bullion - call us today.

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Yellow vs. White Gold

Fashion is a strange master and where she goes people are sure to follow! Advertisers have perfected the art of selling you things you don’t need and we’ve all been guilty of buying something on a whim that in hindsight we really didn’t need.

Many sellers of gold to Gold Smart are saying that Yellow Gold is no longer in fashion and they prefer White Gold. We can’t argue with that as clearly large yellow gold items of jewellery are out of fashion!

Is it time that you cleaned out your jewellery box for any outdated, worn or broken items?

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Selling Gold Bullion or Gold Coins?

Gold Bullion New ZealandDo you have 1oz Gold Kiwis, Canadian Gold Maples, Gold Eagles, Gold Krugerands, Gold Sovereigns, Gold Pandas, or any other gold bullion to sell?

It’s a great time to cash in on high gold prices on Gold Bullion and Coins that are sitting around not generating interest or paying bills!

Gold Coins can come from many different countries in all kinds of sizes and quality of gold. Bring you gold bullion and gold coins to Gold Smart if you want the best prices (not to mention our fast, friendly and professional service).

If you are serious about selling, contact us now to make a confidential appointment and appraisal. Immediate cash settlements.

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Gold Smart Announces GOLD PARTNER Network

At Gold Smart much of our business comes from happy customers referring us to their friends and family to sell gold. And we thought why don’t we reward referrals? The result is our new GOLD PARTNER Affiliate Network where you can get rewarded for every person you refer to us that sells gold!

The simple new GOLD PARTNER system means when you help people get the best prices for their old gold jewellery you get rewarded with cash!

If you refer 5 people to Gold Smart that sell gold and the average purchase is $1,000 then you make $500! It’s that simple. Smart people get in early and this is your golden opportunity to make some extra cash in these tough economic times.

The Gold Smart GOLD PARTNER Network is now open to limited numbers so please contact us ASAP if you are interested in making the most of this fantastic opportunity.

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Why Gold Jewellery is Not an Investment

"Best prices guaranteed" - Pawn Shop

Gold jewellery and diamonds for many years have been sold and promoted as great “investments”. You can see this any time you go into a jewellery store or see advertising selling gold jewellery.

At Gold Smart we think gold jewellery is as much of an investment as a new car – it loses at least half of its value as soon as you “drive it off the yard”! Have you ever taken something you bought at a Jeweller back the next day to see what they will pay you for it – this is much closer to its true value.

Don’t believe the slick marketing and hype – gold jewellery is sold with a significant retail premium well over and above what the true value of the gold items really are.

Gold jewellery is not an investment because it doesn’t pay you a return (yield) and you pay such a large margin over the real value.

If you are thinking of investment, don’t think gold jewellery! All markets move in cycles and the most successful investors will tell you to be counter the market and be different.

If you are looking to sell that old gold or broken gold jewellery that you have, Gold Smart will help create instant cash that you can use today!

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Gold Jewellery Fashion Shockers

"Don't make me mad, Arrr!" - Mr. T

It’s not just Mr T. that’s been responsible for some shocking gold jewellery crimes! The question is really what does your old gold jewellery say about you?

Big and showy gold Jewellery is out and it’s time to clear that large belcher necklace and bracelet from your draw and move on! Fashion changes and so does Jewellery so if you’re looking for some spare cash – Gold Smart will help you get cash for your old and outdated gold jewellery.

Talk with a Gold Smart representative today

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Is it real Gold?

How can you tell when you come to sell gold that your “gold” is real gold?

At Gold Smart we often see items that appear to be real gold jewellery and unfortunately sometimes turn out to be not gold or only gold plated (GP/P). The first and most easy thing to look for is hallmarks – does your old gold jewellery have clear hallmarks? If so, it doesn’t mean that it’s conclusive as many fake items have convincing hallmarks.

The next thing to consider is where you purchased the item from – did you buy it from a reputable Jeweller in New Zealand? Do you have “proof of purchase” and/or a valuation from a registered Jewellery valuer? Once again this is not conclusive that the items are real however it does give you the option to ask for a full refund if the gold jewellery once tested shows to be less carat than indicated.

Another simple test is to use a heavy magnet over the item – if the gold jewellery is attracted and sticks to the magnet the the “Gold” is not real gold. Note that the clasps often have springs that are magnetic and so expect the clasp to stick to the magnet. How does it look and feel? Has it created discoloration on your skin and or the item? Does it have a high-sheen (real gold should not “shine”)?

Most frequently the gold jewellery that people bring Gold Smart to sell that is not real gold has been given as gifts from ex-boyfriends and/or husbands (either with or without their knowledge that the items are not genuine).

It’s an art when people are selling gold to know the correct and proven methods to test any gold jewellery, gold coins and scrap gold (not to mention years of practice and knowledge to perfect).

If you’d like the true value of what your items are worth talk with New Zealand’s Gold Buyers – Gold Smart today.

P.S. Sometimes all that glitters is not gold!

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Is it time to sell Gold?

At Gold Smart we’re often asked is now a good time to sell gold, gold coins, gold bullion, broken gold, and old gold jewellery. Our answer is yes! With gold prices at record levels it’s a great time to turn your out-dated items into cash.

When items come in such as small diamond engagement rings or gold jewellery that is brand-new, we often recommended that people try putting these online to see what price they can get. The best strategy is to have a very low reserve price and accept that there is a lot of people wanting to sell gold jewellery, gold coins, gold bullion and diamonds right now. We tell customers that they are competing with many others so high quality photos and accurate descriptions are important.

Of course, not everyone has the time or wants to sell gold jewellery online to see what price they get. The quality of gold does not matter to Gold Smart as we are paying for the actual gold content only – not how new or pretty an item maybe. Some gold pieces have collectors value however collectors generally base their prices on actual gold content anyway.

If you’re looking for the best prices for your old gold jewellery, gold coins, gold bullion – talk with New Zealand’s leading gold buyers Gold Smart today.

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Sell Gold – The “Precious” Metal

Cash For Gold - New Zealand's Gold Buyers

Gold the precious metal so long coveted is now being exchanged for cold hard cash.

The uncertainty in the global economy and the record high price of gold is leading to many people looking for new ways to find some extra cash.

“It’s simple – gather up any old gold jewellery you may have (including any broken gold, mismatched pieces, broken gold chains, single earrings, etc) and bring them to goldsmart. A goldsmart expert will weigh and test each item and calculate a price for you on the spot for your old scrap gold.” – says Anita from Gold Smart.

Chances are you’ll walk away with hundreds of dollars (in some cases thousands of dollars). Use the extra money to buy yourself something to wear without feeling guilty!

Many of our customers say how dirty and untrustworthy “Pawn Shops” and “secondhand dealers” are (not to mention many have been treated rudely by Jewellers and Jewellery Shops). It almost goes without saying that they take advantage of people when they might not know any better. Have you had or heard of similar experiences – we have, many times.

That’s why we recognised the need to provide an open and fair process for you to sell your scrap gold and old gold jewellery. Gold Smart offers a professional and friendly solution – providing a comfortable and safe way to get the best price for your items.

Do you have a lot of jewellery you haven’t used – perhaps gone out of style, sitting in a drawer not being worn?

Talk to Gold Smart because we have perfected the process of helping you get immediate cash for your unwanted gold jewellery.

Come and see us today – there has never been a better time to sell gold.

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Saying Goodbye to Your Ex

At gold smart we’ve had several people wanting to sell ‘ex’ jewellery and gifts, which inspired today’s blog post.

Rather than having jewellery sit there in a drawer reminding them about their ex, people are deciding to “Say Goodbye”. Selling your scrap gold to gold smart is really the perfect solution if you want to part with the jewellery, and you don’t really want to face your ex to give it back to him (or her).

I guess people see it as the opportunity for a fresh start, and instead of dwelling on the past, they can focus more on which new activity or item they will decide to spend their cash on – which can be exciting.

A few months ago I came across a website that is essentially eBay or TradeMe for ex-boyfriend jewellery (and not just limited to ex-boyfriends of course) It is more of a trading post rather than an auction website, but the principle remains the same.

The creator of the site talks about how she wanted to sell some wedding jewellery (she says ‘better luck next time’) at a pawn shop in a ‘horrific’ part of town, and encountered a shady looking guy wearing a wife-beater and a gun-holster, who offered her very little for it. I cannot generalise about pawn shops, but I often hear similar stories.

As we complete purchases the positive transformations I can see in clients is incredible – like a huge weight has been lifted and there is some closure and the ability to move on. They seem to have a real spring in their step.

Seeing happy clients is definitely one of the great things about being a gold buyer with gold smart.

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The New Golden Girls

The current recession is creating a golden opportunity for an innovative new company that specializes is buying old and unwanted gold jewellery.

Auckland based start-up gold smart is turning gold into cash in a time when gold prices are at historically high levels. “It’s a fun and interesting way for people to make some extra cash”, says Anita Elliott, lead Gold Buyer. Think of the old jewellery sitting in your drawer collecting dust, that’s out-of-date, damaged or hasn’t been worn in years. Not to mention gifts from ex-boyfriends or husbands where the sentimentality has gone – sometimes it turns out that all that glitters is not gold.

The gold buying process revolves around direct buying and gold smart parties where friends gather for drinks, fun and conversation and turn their unwanted gold into cash. A professional Gold Buyer tests and appraises guests’ jewellery and offers a price on the spot. It’s certainly the recession’s answer to the Tupperware® party. Anita says “There are not many parties where you’ll have a great time and leave with more money than you came with. Guests are using the money for all sorts of things, from buying new jewellery and clothes, a weekend away or just to pay some bills”. “People 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”.

The gold party is a hugely successful phenomenon that started in the USA and has now arrived in New Zealand. People can run their own gold smart parties and as a host they get a commission for everything bought during the party. Host commissions can even be paid to a nominated charity. “Gold prices are at historically high levels and the timing to get a good price on your gold is right now.”

The next gold rush is on at a gold smart party near you.

Visit the gold smart Website now: www.goldsmart.co.nz

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