PartyCash4Gold is coming to York (From York Press)

PartyCash4Gold is coming to York

3:23pm Tuesday 7th September 2010 in

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GOLD parties are coming to York. PartyCash4Gold, which is mining a rich vein in people’s living rooms as they bring their bling for sale, much like a Tupperware party, is recruiting party hostesses and valuers in the York area.

For founder and chief executive, Stephen Pearson, it is something of a homecoming. Although his organisation is a market leader and operating in London and the home counties, he hails from Harrogate With gold prices at about £750 an ounce (up 35 per cent year on year) he believes that the gold parties will take off in the north too,l as people see it as a flexible way of supplementing their income while socialising.

He said: “There are obvious parallels with the likes of Avon and Ann Summers in that our representatives organise home parties, but instead of guests feeling obliged to leave the party having bought at least one item from their hostess – and one they possibly don’t really want – ours don’t have to buy anything and leave the party with cold hard cash.

“People are still feeling the pinch and we are offering an alternative way of supplementing their income – not only are we recruiting hostesses and valuers in York and the surrounding areas, we are also giving people the chance to sell their unwanted jewellery in a fun and relaxed setting.”

The company buys pieces that people no longer want, for example, broken bracelets and single earrings, or items that are no longer fashionable.

Guests are invited by the hostess to bring along their unwanted gold jewellery, and other items including silver, platinum and palladium for the company’s valuers to cast their expert eyes over.

Gold parties mean that your valuables never leave your sight – you can easily walk away from any offer while at the same time benefiting from the latest spot prices (the gold price changes on a twice-daily basis which PartyCash4Gold valuers closely monitor on Apple iPad.

The company claims that it buys in such large volumes that it is able to offer more competitive prices than most pawnbrokers; offering between 60 and 70 per cent of the spot price.

The items that it buys are melted down and refined into gold bullion, the tradable form of gold.

Gold prices have rocketed fourfold in the last decade so, it arguies, there could not be a better time to sell. More than 35 tonnes of gold bullion is expected to be produced from scrap gold in the UK alone in 2010 – at current prices worth about £700 million.

Stephen said: “With the talk of impending interest rate rises and double-dip recessions we are all continuing to tighten the notches on our belts, but selling items of jewellery that you no longer wear can be a painless way of realising some cash.”

And with the back-to-school season just around the corner with its associated costs, it couldn’t come at a better time.

If you would like to host your own gold party or think you might be interested in training to become a valuer, contact Stephen Pearson on 0800 678 5002 or at spearson@refinedventuresltd.com