Tuesday, May 25, 2010

World Cup Doubles in Value

The World Cup, one of the premier sporting events in the world, will kick-off in South Africa next month. Soccer fans all the world over are gearing up to cheer on their teams and follow the month-long action.

The top team in the world will raise the 18 karat gold World Cup trophy in victory. The melt value of the trophy, which refers to the actual amount of precious metal it contains, has doubled since he last World Cup. The following press release was sent out in the UK by Cash4Gold this week.

World Cup Doubles in Value
Surging gold price means World Cup Trophy now worth more than £126,000

LONDON, 24 May 2010: Football fans across the world are counting down until the start of the game’s most exciting tournament. And for the teams playing in next month’s FIFA World Cup there is now even more at stake. For today Cash4Gold, the world’s number 1 gold buyer direct from the public, can reveal that the World Cup trophy has almost doubled in value since the last World Cup. The unprecedented rise in the price of gold has meant that the melt value of the coveted 18-carat gold trophy has gone from a cool £65,000 to an astonishing £126,500 since 2006.

The price of gold keeps hitting new heights and reached a record high of $1,250 an ounce on Friday. Some industry experts believe that rising inflation will push it higher so the trophy may be worth even more by the 11 July when it is held aloft by the winning team.

The FIFA World Cup trophy was commissioned for the 1974 tournament and designed by Italian artist Silvio Gazzaniga. It is made of solid 18-carat gold and was valued at £17,000 when it was created.
Whilst England may not be the favourite to win the tournament, Wayne Rooney must surely be in with a good chance of scooping the World Cup Golden Boot award

“Football trophies are obviously of more than monetary worth to fans and teams”, said Jeff Aronson, CEO and Founder of Cash4Gold. “And FIFA would probably have something to say if Fabio Capelllo sent in the trophy to Cash4Gold should England win! But for everyone else, Cash4Gold is a safe and easy option for those looking to turn any unwanted or broken gold, silver, or platinum items into cash.”

Melt value is the amount of actual precious metal contained in an item that can be extracted and recycled by a company such as Cash4Gold, and does not account for decorative, artistic or historic value.

About Cash4Gold

Now open for business in the U.K., Cash4Gold is already well-established as the world’s No. 1 buyer of precious metals, including gold, silver and platinum, from the general public. Through an efficient and proprietary process, the company has revolutionised the mail-in, gold-buying business that it pioneered. Cash4Gold has served over 900,000 customers since its inception, paying out millions of pounds for their broken or unwanted items. From its base of operations in Sheffield, a city with a rich history in metal-working, Cash4Gold effectively provides its fast, secure, convenient and discreet services to customers all across the United Kingdom. Visit Cash4Gold’s website at www.cash4gold.com or call 0800 064 GOLD (4653).

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