With the world’s economy being completely desolate (to be polite) a lot of us are turning to new ways of bringing in extra cash.

With wage cuts and redundancies commonplace at the moment, the majority of us are running around in a crazed manner trying to piece together a future that allows us to live comfortably without the stress of having no money in the bank.

This is why you see so many adverts at the moment telling you to scrap gold and get some cash for it.

You might scoff at these adverts and think that you obviously won’t have any scrap gold lying around the house – but you might surprise yourself.

There are plenty of places that you can turn to for quality scrap gold in and around your home; it just takes a little bit of looking around to find it.

The trick to finding scrap gold around the house is having the knowledge of what to be looking out for and how it can benefit you in the long run.

‘Scrap gold’ is any gold that is still going to be valuable, but is under a limit of 10 ounces in weight.

This means that you can scrap things like earrings and jewellery, and even the gold pieces in the back of your mobile phones for a little bit of extra money.

Gold prices are quite good at the moment in the UK and there are many outlets that will happily take your scrap gold if you get enough of it.

Things like old gold watches, old bracelets, broken chains, and gold casting on a ring are all key items that you could take and get good money for.

Scrap gold is worthless to you in the house as you won’t use it for anything, but with a few smart moves you can easily create a nice amount of money from the items that you hand in.

If you are somebody who likes to prospect for gold then you can add looking for script to your things to do list.

Things like service pins, gold coins that are no longer legal tender, pendants, and even gold teeth can be extremely valuable when they are made down into scrap.

If you are looking for a way to make good money without having to do anything other than a bit of searching around the house, then you can make a nice bit of money from scrap gold.

Start collecting your scrap gold deposits from around the house and keep them until the gold markets hit a peak for recent weeks and then make the sale – you’ll be surprised at just how much money you can make from doing that.

This can then give you the cash you need to take your gold hunting to the next level, simple, huh?