As the global economy continues to struggle, gold looks like it will be in even greater demand in the New Year. Increasing demand from banks and the Asian markets (particularly China), set against restricted supply due to rising costs and production constraints, suggest that gold prices will continue to rise, possibly reaching 2,000$ /oz (Reuters).
It will be a struggle to keep up with demand if central banks continue to buy more than they are selling, which is welcome news for those relying gold assets as security against loans or as a saleable item.
Selling of precious metal jewellery or using it as collateral has been the preferred method of raising funds, quickly, easily and discreetly for many years. Today businesses providing this service are completely regulated. It isn’t just a matter of picking a price out of the air they need to have their finger on the pulse of market trends and daily price fluctuations. Keeping a close eye on the gold markets, Hola Credito, as fully certified short term asset backed lender based in Marbella, has announced that they will be paying the best daily gold rates on the Costa del Sol. Originally set up as an online pawn business, providing the best value short term loans possible for clients living in Spain. As a fully security certified company, Hola Credito has now opened a new office, where clients can either apply online, by telephone or arrange to visit the office in person to discuss their loan requirements, deliver assets and even collect the loan in person. Director and founder, James Peat, says, “Hola Credito operates with the lowest possible overheads in order to keep costs low, so that we can pass on the savings to our clients in the form of the best gold prices and low interest rates. “All valuations are carried out by professionals with many years within their field of expertise and we endeavour to always lend the maximum possible against any particular asset”.