Friday, August 22, 2008

Gold Rally - Alternative to Cash?

This week, we saw a gold rally in Asia – due to physical buyers and the dollar experiencing a fall.  Bloomberg has declared that bullion is, indeed, an attractive alternative asset.

Much of this is due to the dollar weakening against both the euro and the yen.  Internationally, the demand has soared this past month.  Analysts are predicting that gold will remain between $850 to $900 an ounce for the next few months of 2008. 

Gold has additionally been supported due to the rise in crude oil, which, as of Wednesday was sitting at $116.48 a barrel. 

Check the prices we pay for your old or scrap gold at  We list the prices we pay and offer more information about the safe and easy Cash4Gold process and how we can put cash in your pocket!

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