Over the past year, the value of gold has surged dramatically—rising by over 45% in the UK. Experts predict this trend will continue into 2025. As a result, we’ve witnessed record-breaking lending and gold-buying activity in the last 12 months. Some customers are purchasing gold chains and sovereigns as an investment, while others are selling their assets to meet their financial needs or just ‘cash in!’
Who’s making the right choice? That depends entirely on individual circumstances because in uncertain times, I don’t think anyone can predict the future right now but with sovereigns and coins of the realm being capital gains tax (CGT) and VAT free, they are an obvious solution to buy or sell or hold as long term investments as you can make an unlimited tax free profit on all gold, silver and platinum coins from the Royal Mint.
With the cost of living continuing to rise, many people are seeking alternative financial solutions, and pawnbroking has become a popular option for short-term cash needs. In fact, over 1,000 pawnbroking loans are issued across the UK every day.
Why Consider A Pawnbroking Loan?
One of the biggest advantages of a pawnbroking loan is that no credit checks are required. Instead, your asset—be it gold, jewellery, or a luxury watch—acts as collateral for the loan. Think of it like a mortgage, where the loan is secured against the value of a house. However, unlike traditional loans, the worst-case scenario with pawnbroking is that you forfeit the item if you’re unable to repay. That said, 90% of our customers successfully redeem their goods, and many return as repeat clients. We work closely with customers to help ensure they can reclaim their belongings.
Pawnbroking: A Lifeline For Business Owners
Traditional lenders often impose strict borrowing criteria, and one in five people struggle to meet their requirements. Pawnbroking offers a regulated, reliable alternative. Overseen by the Financial Conduct Authority, it’s becoming an increasingly attractive option—not just for individuals but also for business owners.
Rising wage bills and inflation-driven costs are putting financial strain on many businesses. For some, securing a short-term bridging loan against a Rolex watch or an unworn jewellery collection makes perfect sense. Our service is quick, discreet, and efficient. We provide instant loans ranging from a few hundred pounds to £10,000 or more, depending on the value of the item. With assets stored securely in our vaults, customers can access much-needed funds without lengthy approval processes.
A Family Tradition Since 1840
My family has been in the pawnbroking and jewellery business since 1840. As a 6th generation pawnbroker I have records dating back to 1935, showing pledges measured in pounds, shillings, and pence. Back then, common pawned items included ‘pit pants,’ hobnail boots, and ladies’ hosiery. Loans exceeding £10 (roughly £500 in today’s money) were rare, as people simply didn’t own high-value assets like they do today. Gold was a luxury, not a common investment.
Over the years, I’ve met customers in our Seacroft, Pontefract, and Batley stores who fondly remember my father and grandfather assisting their families through difficult times—such as the miners’ strike. Many still appreciate the support that helped them stay afloat during tough periods.
Should You Sell Your Gold?
If reclaiming your pawned jewellery isn’t a priority, this could be the perfect timing to sell gold, especially with prices at an all-time high. We’ve seen record gold-buying activity recently, as people cash in their assets. Gold has never been higher and you will be surprised by just how much a few grams of even scrap gold will earn you.
March and April are particularly challenging months financially. With the end of the tax year, lingering Christmas credit card bills, and summer holiday deposits due, personal debt often peaks. Add soaring energy costs to the mix, and it’s no wonder people seek financial flexibility.
Recent research shows that 27% of the public would consider using a pawnbroker if they better understood how the process works. If you need extra cash to cover living expenses, pay bills, or fund a special event, visit Christopher Brown Jewellers in Seacroft, Shipley, York, Pontefract, Goole, Stockport, Prescot, or our newest store in Wigan. You can also visit Brown & Gold pawnbrokers in Batley and Toxteth.
You may be pleasantly surprised by how simple and hassle-free it is to access the funds you need by selling or pawning your gold.
Easy money in your pocket – just when you need it most.
Visit www.christopherbrownjewellers.co.uk or
www.brownandgold.co.uk to find your nearest store.
Chris Brown
