Wednesday, August 27, 2008

Gold Medals Worth Cash

According to reports, the Chinese government has rewarded Olympic gold medalists with cash bonuses. Each gold medalist on the Chinese team will receive a tax-free bonus of 350,000 yuan, which is the equivalent of $51,000 USD. This Olympic bonus is almost double of that paid out after the Athens Games in 2004. Every medalist, even those on teams, will be paid the bonus.

The Chinese won 51 gold medals, which was more than any other country competing in the 2008 games.

In contrast, Kenya’s gold medalists receive a cash prize, a TV, and a washing machine.

It seems that the Greek athletes are paid the most handsomely. All medal winners receive payouts. Gold medalists will receive 190,000 euros ($280,000 USD), 130,000 euros for silver ($260,000 USD), and 70,000 euros for bronze medals ($140,000 USD).

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Tuesday, August 26, 2008

Gold – Spiritual Meanings Increase Value?

A French site,, posted an article this week on its website entitled “Spiritual Meaning of Gold Jewelry” that highlights alternative benefits from gold. Jewelry – an important accessory – can say much about the person wearing it, but is there further significance? Corsavoo says yes.

The article cites jewelry designer, David Weitzman, a spiritual gold jewelry designer since 1998. Weitzman uses mathematics and sacred shapes such as the Seed of Life, the Flower of Life and the Tree of Life in his designs. He also incorporates oriental cultures, which are believed to be powerful and rewarding. Weitzman’s jewelry links in to these beliefs.
Weitzman takes symbols from different cultures and incorporates them in his designs and then further energizes them through meditation so that the jewelry obtains properties of self-balance and healing. These traits add to the uniqueness and sacredness of his gold pieces. Gold is universally linked to the sun, due to its color.

Weitzman’s gold jewelry’s spiritual effects are described in further detail at The word ‘ka’ means the “life force of the human spirit”.

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Monday, August 25, 2008

Olympics Feature Commemorative Gold Jewelry

Jeweler Roberto Coin created several pieces this year in honor of the Beijing Olympics and Chinese culture. Among the pieces are:

• $31,000 golden sneaker made of 24 karat gold varnished nappa leather that is then coated with a PVC lacquered film. The sneaker has an 18kt yellow gold clasp and a small ruby, the signature of Coin’s work.

• $620 gold boxing glove pendant with diamond accents– honoring the past US boxers such as de la Hoya and Mohammed Ali.

• $1,580 white gold, diamond, and black sapphire panda – a symbol of good luck in Chinese culture and the national symbol

• $520 diamond pave peace necklace – symbolizing the unity of nations for the two weeks of the Olympics.

8/8/08 has special significance for the Chinese and the Beijing Olympics were highly anticipated and watched – receiving gold ratings for networks.
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Olympic Gold - What's It Worth?

As the Olympics have ended, many have asked what metals make up the Olympic medals…..

Up until 1912, the Olympic Gold medals were made of solid gold. No longer the case.

The gold, silver and bronze medals are 2.5 inches wide and .12 inches thick.

Since 1912, the gold and silver medals awarded are actually made up of mostly silver. The gold medal is coated with approximately a quarter of an ounce of 24kt gold.

The bronze medal also contains trace amounts of silver, but is composed of mostly copper, zinc and tin.

The 2008 Beijing Olympic medals have an image of Nike, the goddess of victory, on its obverse, and the Beijing Olympic emblem – inlaid with jade - on the reverse.

According to current gold values, the Olympic gold medals have a worth of about $300…….

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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. 

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Gold Rush, Cash to Follow For Phelps

As the Olympics come to an end, Michael Phelps has another gold rush headed his way.  This time – the gold is worth mega bucks, and he’ll be able to turn it into cold, hard cash.

After setting a new gold standard in Beijing, the advertising industry has taken notice of Michael Phelps.  Not since Tiger Woods, has the sports marketing industry become so enamored with an individual athletes.

Last week’s USA Today interviewed several professionals in the sports marketing and advertising profession to get the industry’s feedback.  Apparently, Phelps is looking at a variety of opportunities including endorsement deals, TV commercials, licensing, and public speaking gigs.  Phelps mother, Debbie, is also being approached about a book and was already dubbed the official “Baby Mom” of the Games by Johnson & Johnson.

The eight gold medal win could be worth up to $50 million.  Phelps currently has sponsorships with Visa, AT&T and Speedo that will more than likely carry over to the 2012 London Olympic Games, where Phelps has already stated he will be swimming again.

Be a winner!  Go for the gold!  Check out the prices we pay for your gold at


Thursday, August 21, 2008

Gold - Better Cash Than The Dollar?

This week, Amateur Economics wrote a blog entry this week about our favorite topic – Gold! The blog compares the continual decline of the dollar in conjunction with the cost of gold.

According to AE, the dollar has lost 81% of value since 1971. Measured against gold, the dollar has lost 95% of value.

Until August 15, 1971, a US dollar represented backing of 1/35 ounce of gold. By 1973, following the Nixon administration, the dollar’s value had sunk to 1/64 of an ounce of gold.

The blog asks the question in today’s shaky economic situation, “Can gold lose dollar value even as the dollar itself loses purchasing poser?”. AE says yes, and that we have the Fed to thank for this – due to the stock market bubble bursting followed by the collapse of the real estate market. As a result of all of this economic meltdown, gold and the dollar could “simultaneously weaken”.

Consumers have flooded to gold as economic uncertainty has increased. The last peak of gold was on March 17 for $1,011 an ounce. The ‘lows’ recently have reached about $835 and could possibly go lower, however economists believe that we have not seen the peak of gold as measured against its 1981 price adjusted for inflation.

AE goes on to describe that the two factors that help the price of gold are (1) inflation and (2) war. To read the entire article, click here.

Monday, August 18, 2008

Phelps Takes Gold Title - Million Dollar Payouts

He did it!!!!

Michael Phelps is the new King of the Gold Medal. 

Phelps received his eighth gold medal for the Beijing Olympic games.  The eighth and final medal was won for the men’s 4x100 meter medley relay.  In addition to the Medal, Phelps set - yet another - world record.

This is the most gold medals ever won by a single athlete at a single Olympic Games.

The Chairman of the U.S. Olympic Committee said of Phelps, “Our whole country can be proud of him.  Maybe in this era, nobody makes us prouder”.

Due to Phelps #7 Gold Medal, he received a $1 million paycheck from Speedo for matching Mark Spitz’s record from the 1972 Olympic Games.

Phelps set a world record in every event with the exception of the 100 butterfly - although he still won a gold medal for the event.  Phelps now has a total of 14 Olympic Gold Medals – and 16 Olympic Medals in total.  At the 2004 Athens Olympic Games, Phelps won six gold medals and two bronze.  Phelps is committed to swimming in the 2012 London Olympic Games

Phelps’ Gold Medals swept the following categories:

  • 200-meter freestyle
  • 200 individual medley
  • 400 individual medley
  • 100 butterfly
  • 200 butterfly
  • 4x200 free relay
  • 4x100 medley relay
  • 4x100 free relay

Go for the gold!  If you are looking to cash in old jewelry or scrap gold, visit to receive the best payouts!

Friday, August 15, 2008

Michael Phelps: Gold, Gold, Gold!

He’s doing it!!!

The gold mine called Michael Phelps picked up his sixth gold medal of the 2008 Beijing Olympics last night – along with another world record. It his 12th career gold medal.

Phelps is truly amazing – having competed twice within a half an hour yesterday. He now has a break – 18 hours before his next gold contention.

All of Phelps’ gold medals have been accompanied by world records as well. We’ll be watching this weekend to see whether more gold is in Phelps’ future.

What do you think of the premium performance by Michael Phelps? At, we’re all about all kinds of gold. Visit our website at to see the premium payouts that we offer for your old jewelry or scrap gold!

Wednesday, August 13, 2008

Global Heritage Fund Developing an International Gold Standard

This week, the Palo Alto Times reported on the Global Heritage Fund’s presence and work in Pingyao China.

Jeff Morgan, who is founder of the Global Heritage Fund (in Palo Alto) carried the Olympic torch through the Shanxi province of China and was the only foreigner to do so.  Morgan was chosen because of his efforts through the Global Heritage Fund to preserve and restore the city of Pingyao, an ancient city once at the center of Chinese banking – about 400 miles outside of Beijing – 5 centuries old and a UNESCO World Heritage site. 

Morgan continues his efforts in rebuilding cities around the world.  There are 40 other cities that are planned for the next ten years.  Morgan cites that, in some areas, people are quick to sell out and ruin their areas – literally having gold mines in their back yards and being quick to sell without maintaining the beauty and history of the area.

The Global Heritage Fund finds Third World countries that can preserve historical and local aspects in order to improve their economic state with properly managed tourism.

What do you think?  Preserve beauty, or cash in? 

We are here for those looking to sell their unwanted gold.  If you are looking to sell old or scrap gold, visit our site at to find out the prices we pay.

Tuesday, August 12, 2008

Going For Gold...

We’re on board.  We’re putting our money on Michael Phelps in Beijing.

Phelps has now won a career total of nine summer Games gold medals, putting him in the same category as Carl Lewis.  He is moving forward to break Mark Sptiz’s record of seven gold medals at a single Olympics.  The 23-year old has sparked the US swimming gold rush.

According to teammate Aaron Peirsol, "The way he (Phelps) is attacking this meet - he isn't just winning he is destroying world records on the way."

Phelps has made even his opponents sing his praises.  Park Tae-Hwan, the South Korean silver medalist to Phelps, claimed “Phelps swam so fast.  It’s my honor to compete with him”.

The eight gold medal quest continues.  Check back with us--we'll be waiting to see if he becomes the king of the gold.

At Cash4Gold, we pay attention to all things gold – from scrap gold to gold-chip athletes.  Visit our website for more information about our company.  Click here to see our latest Cash4Gold sports sponsorship!

Monday, August 11, 2008 Car Made Debut

This weekend, debuted its sponsorship of Brandon Knupp’s 96 car. Check out some of the pics! Some facts about Brandon: - from Sidney, Ohio – graduated Sidney High School in 2004 - Born 2-2-86 (22) - Single Brandon has had 8 top 10 finishes since 2004, and at, we look forward to being part of Brandon’s future success! Check out Brandon’s ARCA Racing’s site here for stats and more information. You can see the race again on the SPEED Channel Thursday morning at 3 am – Tivo it if you didn’t get a chance to check it out this weekend! We have given Brandon his own toll-free number so that his fans can use it specifically during the races! Call 877-GOLD-026 to support Brandon!

Friday, August 8, 2008

Cash4Gold and Brandon Knupp - Car Debuts This Weekend!

Be sure, this weekend to check out the SPEED Channel. Cash4Gold will have its logo displayed on Brandon Knupp’s #96 car at the ARCA’s Re-Max Toyota 150, taking place at the Nashville Superspeedway. The car is the result of a new sponsorship deal between Knupp’s MK Racing and Knupp has relationships with Roush-Yates and has veteran driver and crew chief Larry Moore calling the shots. The race will take place tomorrow at 3:30pm on SPEED. Practice takes place today from 1:30 – 4:30pm. Check out this preliminary pic of the new car! Good luck this weekend Brandon! Visit and this blog for continuing information regarding Brandon Knupp and MK Racing. Show your support for Brandon – use his Cash4Gold toll free number at 888-GOLD-026! Gold News Update

Quinton Hennigh, President of Evolving Gold Corporation (EVG) announced today the status of its mining activities is on schedule and meeting expectations. The company currently mines in areas that have historically produced gold in the southwestern U.S. The have mining operations currently set up in:

Rattlesnake Hills Diatreme Complex, Wyoming
North Carlin District Properties, Nevada
Fisher Canyon, Nevada
Malone Silver Gold Project, New Mexico

Evolving Gold holds over $21 million in gold in its treasury. It has ownership in nine separate mines, and owns 100% of the Rattlesnake Hills mine.

In other gold news, Goldcorp Inc. has consolidated operations in Ontario, by acquiring a smaller gold company, Gold Eagle Mines Ltd, for $1.5 billion in stock and cash.

The value of gold is increasing worldwide, as it is an international hedge against inflation. At, we are here to buy your old scrap gold and jewelry. Visit our website at for more information about the prices we pay!

Wednesday, August 6, 2008

Gold On Top of the Charts Yet Again

The BBC reported this week that Abba’s greatest hits compilation, entitled ‘Gold’, has topped the UK charts once again, knocking Coldplay down to the number two slot. Gold is now the oldest album to top the charts. It is the fourth best-selling album of all time in the UK. Gold, which was originally released in 1992, had its last sales peak in 1999.

Due to the release and success of the Meryl Streep, Pierce Brosnan flick Mamma Mia, the international supergroup is finding a new and younger audience gravitating toward their music. The film – which is also a Broadway play – was written around the music of Abba.

Gold is timeless! Visit our website to see how you can trade in your old scrap gold for cash! Also check out our new section for Fine Jewelry! Go to to see the prices we pay for your old jewelry!

Monday, August 4, 2008

Gold Used As Commodity in Crisis Situation

This week, we saw an extreme situation where Clark Rockefeller, a Boston man, kidnapped his 7-year old daughter, Reigh, and attempted to flee the country. In his pursuit of international borders, Rockefeller bought 300 American Eagle gold coins last month – a $300,000 value and with weight of over 19 pounds in gold.

Rockefeller bought the coins in the name of Clark Rock at Boston Bullion. The owner of the shop where Rock bought the coins stated that the value of the coins existed in that they could be used anywhere in the world due to the immediate cash out value and ability to sell the gold anywhere.

Evidently, Rockefeller has had a history of buying other items with traded gold in the past, including a sailboat. Rockefeller has since been apprehended by the Boston Police and is being held without bail in the kidnapping.

Visit our website to read more about gold coins, and features on American Eagle coins. Our site at includes all you need to know about buying and selling gold.