Thursday, April 15, 2010

Leading UK Newspaper: More Gold Scrapped Worldwide Than Mined

The Times, a leading UK-based newspaper has reported thatthere was more gold scrapped worldwide than mined during 2009. The article, which is attracting the attention of environmentally-conscious consumers, mentions Cash4Gold and credits the growth of gold buyers for this green, global phenomenon.

Precious metals analyst GFMS stated that the amount of gold sold to recycling entities like Cash4Gold increased by over 27% over the past year. According to the story, during the first quarter of 2009, there was more gold scrapped than was produced in mines worldwide.

The story also notes that the average value for an ounce of gold was $972 in 2009. At the time of this post, the current London Fix price sits at $1154.50. The current high price shows consumers that it is a great time to sell old or broken gold jewelry.

Click here to read the full story from The Times.

To request a Jewelry Return Pack from Cash4Gold, please visit or call 1-877-GOLD-590.

1 comment:

  1. This is great news. The less mining for gold, the better for the environment. Gold is highly recyclable, it will never go out of fashion, and it's forever. People should sell their scraps of gold and unused jewelry instead of throwing it. Through this, not only do they earn cash, but they also help the environment by discouraging mines.