Gold watch owners 'can expect high valuations'

First published: 14-12-2009

Many people who want to make their money back in the recession and opt for cheaper alternatives may consider trading in their gold watch for a different timepiece, it is said.

As a result, individuals wanting a Black Dice watch or an Accurist offering may look to trading in their flashier clock for a stylish modern offering as well as cash, according to Centretown News.

Owner of local business Gold Reflection Jewellers Steve Saikley said that twice as many people are selling used gold to his store compared to the previous year.

He explained that it was likely due to the ridiculous surge in the market, which has seen the cost hitting a peak of nearly $1,200 (£740) an ounce earlier this month, rising from just below $800 (£493) per ounce in January 2008.

Then again, gold is not alone in its favourability among investors, with silver also putting in a good show among buyers across the world, market analysts have noted in recent weeks.


Related articles

How to choose the right fitness watch for you

Posted: 01-05-2019

How to choose the right fitness watch for you. Honest reviews and insights from the UK’s no.1 online watch retailer, Watch Shop.

Spring Style Edit

Posted: 05-04-2019

Watch Shop brings you the lowdown on all the latest style trends and insights in the new Spring Style Edit. Top picks, hot sellers, Easter gifts and more.

Spring forward with the clocks changing this weekend

Posted: 28-03-2019

7 surprising facts about Daylight Saving Time

Sunday 31st March Mother's Day Gift Ideas The Watch Shop Guide

Posted: 19-01-2019

Watch Shop has curated the perfect selection of Mother’s Day gifts. Find designer inspiration from timeless watches to beautifully crafted jewellery – spoiling Mum has never been easier!