Tuesday, March 25, 2008

Understanding The Price Of Gold

An interesting fact is that in 2005, 70% of the Worlds demand for Gold was used for the production and consumption of jewelry. There are two distinctive markets for gold, the market that uses gold as an investment and the market that uses gold for adornment. The Middle East, and Europe gold market primarily uses gold for investment, while the Americas uses gold for adornment. Both markets are equal in size.

A recent article we found on Slate.com says the following about the price of gold:
While consumers are reacting to expensive gold by demanding less of it and recycling more, investors are reacting by bidding up the price further. And just as has been the case with every asset class over the past decade—real estate, Brazilian stocks—strong performance attracts a tidal wave of hot money.
Cash4Gold.com are gold refiners and are also America's #1 buyer of unwanted, broken, and scrap gold. It is our job to understand the Gold Market and we see the need to buy unwanted gold to invest and put back into the world economy. That is why we pay more for your gold then our competitors.

Visit our new site to see how much we will pay your for your gold.

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