Despite the recovery in the prices of stocks and shares since the EU saved Greece from financial disaster and social collapse, gold prices are still increasing month on month. This is unusual if you look at graphs comparing the prices of stock with gold bullion over the last two hundred years. If you do you will notice that when gold prices fall the prices of stocks and shares rise and vice versa.

The continuing rise in the price of gold could be for many reasons but we would suggest that the Chinese buy up of as much gold as possible is at its root.

If you are selling your scrap gold do not accept the first price for your gold and only sell now if you have to as the price should rise at least until the end of this year. Be aware that some scrap gold dealers (typically those which advertise on TV) pay half as much as some of their competitors. Look around and get at least three quotes before you proceed with any gold sale.