Golden investment rules

Islanders should not sell all their gold for cash this Christmas, unless they need the money.

Gold is currently a good investment and worth holding on to.

We have offered cash for gold for the past three years but when we started, gold was $1,375 an ounce. Now it is $1,730 an ounce.

Since April 2001, the gold price has more than quintupled in value against the US dollar, hitting an all-time high of $1,913.50 on August 23, 2011.

At Bermuda Gold Exchange we buy, sell and trade.

We can exchange your gold jewellery, trading it in for gold coins. You can also purchase investment-graded gold.

We are happy to talk to you to help you make the smartest choice for your investment.

You can also find out what a Gold Standard really means.

Bermuda Gold Exchange was founded by Bermudian James Gilbert, who saw the need for people to be able to sell unwanted gold jewellery or scrap gold and to receive cash in exchange.

We accept gold and platinum for our scrap programme, and some types of silver as well.

Our offers are based on the karat value of the gold or other metal, its weight and current spot price on the world markets.

We also sell second-hand jewellery at our store.

We ask for photo IDs and log the names and numbers of all our customers. We also make video recordings of the jewellery in order to deter any potential criminal behaviour and avoid the risk of receiving stolen goods.

We do not condone theft or purchase any stolen items. Any suspected items will be turned over to the Bermuda Police Service.

Check out our Facebook page at www.facebook.com/bermudagoldexchange to find out the latest information on gold. We are also on Twitter.

Bermuda Gold Exchange, 22 Reid Street, Hamilton (next to the new Red Steakhouse and Bar). Call 734-4653 or see the website at www.bermudagoldexchange.com