Padmanabhaswamy Temple’s $20 Billion Jackpot Discovery

Don’t doubt your eyes…the headline does read $20 Billion discovered in the Padmanabhaswamy Temple. The Padmanabhaswamy Temple, located in the southern state of Kerala, is one of India’s holiest temples. However with a recent discovery made by the order of the Supreme Court of India, it may be the richest in the whole country… if not the world.

Six vaults are contained within the temple, which contain the valuable riches from conquered states and also from the safe house asset deposits of other temples which have been accumulated and stored for over a millennium. The Supreme Court of India ordered the vaults open for inventory assessment earlier this week, and the find was nothing short of breath taking.

An estimated amount of over $20 Billion has been found in the temple since its opening for inventory this week. This find includes thousands of coins, precious stones, and necklaces: one necklace found in the temple was made of pure gold and stretched 18 feet.

"We are yet to open one more secret chamber which has not been opened for nearly 140 years," Kerala Chief Secretary K. Jayakumar told AFP news. The official number on the temple’s total worth is still under wraps, and until the final chamber is opened and assessed it’s likely that the estimate will not be released. Until then, new security systems have been installed in the temple as well as hired police teams that now patrol the area 24/7. The last chamber is scheduled to be opened as early as next week.

Read more on this story at: http://news.yahoo.com/billions-worth-treasure-found-indian-temple-183022928.html

Price of Gold- June 28, 2011

With the June finally closing, the month marks a long period of gold prices at all time highs. Today, June 28, 2011 the current market price of gold remains above its famed $1500 selling price at exactly $1500.13. With many economic ups and downs currently circulating around the globe, international markets are attempting to work together to maintain financial stability in the face of rising gold prices. Although markets have been on slide, gold continues to rise in value and the $1500 dollar gold price floor seems to be a confident price location for gold investors and owners to rely on.

So what does this high floor price mean for gold owners everywhere? The high price of gold means that there has never been a better time to sell your gold for real cash. Cash4Gold.com offers free and easy Jewelry Return Packs where you can get real cash for your gold. If you have scrap, unused, or unwanted gold, there has never been a better time to get real cash for it. Visit www.cash4gold.com now to order your Jewelry Return Pack today.

One Man’s Garbage…New Yorker’s Treasure

Photo: Raffi Stepanian, a New kind of Gold Miner

The most recent news story circulating around the press on gold is one about a New York City native, Raffi Stepanian: gold collector in his own right. Though many of the most famous collectors and miners of gold have a long and grueling history of mine work and mountain searching, Raffi is famous for a different approach: street searching.

Raffi Stepanian is a precious metal treasure hunter, searching for (and finding) small bits of diamonds, rubies, platinum, and even gold. While many may think that the streets of New York are paved with mud, debris, and other unsanitary nuisances left to the imagination, Raffi believes in an entirely different perspective."The streets of 47th Street are literally paved with gold," Raffi says. It’s a state of mind that Raffi is putting to work when in just over a period of 6 days Raffi collected enough gold from piles of dirt and filth on the streets to make two sales totaling to $819.

"Material falls off clothes, on the bottom of shoes, it drops off jewelry, and it falls in the dirt and sticks to the gum on the street," Raffi explains.

So what’s the catch to this street-searching gold prospect?

"You just have to get down on your knees and get it," Raffi says.

With the price of gold continuing to increase on almost a daily basis, and predictions for the price of gold to sky rocket up to $2000 an ounce, acquiring gold seems to have no boundaries in today’s market.

Photos and Sources:http://www.nypost.com/p/news/local/manhattan/prospector_scours_sidewalks_for_ReKRNWajHnjJhKSoW5Il6L#ixzz1Q0ySyFA6

BOFA makes Bold Statement on Gold Future

Photo: Price of Gold rose over $900 dollars since 2007

BOFA(Bank of America) is making headlines all over the gold news community with its recent bold statement on the future pricing of gold. In a recent statement Bank of America predicted that the price of gold would rise up to $2000 dollars per ounce, but would maintain its position in the area from $1500-$2000 per ounce. With BOFA’s prediction, the price of gold would sustain at this maximum level of $2000 for the next five years.

Reuters, one of the most respected publishers of breaking news in the Business and Financial markets both US and International, reports the following statement from BOFA:

"We look at supply and demand balances required to clear the gold market under three average price scenarios (i.e. $1,000/oz, $1,500/oz and $2,000/oz over the coming five years)."

Whether or not the price of gold will stay under $2000 an ounce during a five year time limit is surely up to debate, however gold owners and investors can be fairly confident that the price of gold will at the very least reach the $2000 dollar floor by 2015. From 2010 to 2011 gold saw a jump of $300 dollars that put gold into the record breaking price of $1500+ an ounce. Over the past 5 years, goldprice.org reports that gold has already jumped $962 an ounce. If history is to repeat itself, the price of gold may surprise BOFA, gold investors, and private gold owners, rising to new record breaking levels.

Sources and Photos: http://www.reuters.com/article/2011/06/21/gold-research-bofamerill-idUSL3E7HL1DO20110621 http://www.goldprice.org/

Current Price of Gold- 1529.09, Price History

The price of gold today on June 16, 2011, is up to $1529.09 which brings an increase in its price performance of $45.80 dollars or 3.10%. Gold seems to be continuing its positive market trends that have been making headlines in gold and in investment communities for its record breaking performance this year.

But 2011 isn’t the only year gold has done well, and as a matter of fact gold has actually out preformed various other economic investments for many years, and is among the few products that continues to grow with confidence on a yearly basis. Here’s a look at a chart published by goldprice.org highlighting the changes in the price of gold since 1975. You will notice the giant and stable increase of gold since the 2000s, which have now continued to rise well into this year.

With this constant increase in the price of gold, it is safe to say that gold will continue to be a secure and promising way to establish financial security. People in the public sector who own gold jewelry or even scrap gold they no longer want or need, can make a large profit by selling their gold in today’s market. At Cash4gold.com, leader in the mail-in gold industry, owners of scrap, unwanted, or unused gold can send in their gold and receive real cash.

Sources: http://www.goldprice.org/

Gold Production

Gold, the world’s most precious mineral, doesn’t just grow on trees. The mining and producing of gold is done all over the world, and the refining process finalizes gold for modern day use. South Africa has been since the 1880s a remarkably large source for gold output in the world with more than 50% of all the gold ever produced having origin in South African mines. To this day a large source of gold production comes from South Africa, with China overtaking them for the very first time as the number one gold producers worldwide. Countries like the U.S, Russia, and Australia are also major producers. The following map shows an example of gold production and which countries are currently leading producers:

(map from: http://www.bgs.ac.uk/home.html)

Not only is Gold one of the most sought after metals, it is also one of the most durable and stable. The gold that is found in jewelry, works of arts, and manufactured goods can still be (and is usually) recovered for immediate or future use. Because of this strong durability of gold, gold consumption barely creates a wasteful or un-useful by-product like many other sources, and instead simply changes form or ownership when no longer being used.

2011 Uncirculated American Gold Eagle

http://catalog.usmint.gov/webapp/wcs/stores/servlet/TopCategoriesDisplay?storeId=10001&catalogId=10001

An uncirculated American Gold Eagle collector’s coin is now on sale for collectors. The coin has been on hiatus for three years and is now finally available again for purchase at a price of $1,778.00 per coin. The coin is plated in 22 karot gold, and features Augustus Saint-Gaudens figure of liberty with the American Gold Eagle on the back side.

The price of the coin is valued at $1,778.00, but is subject to change because of the ever changing price of gold. In the few recent months, gold has seen a steady increase; even reaching new record highs in value. With the continuing increase of gold, the 2011 Uncirculated American Gold Eagle coin may in fact see a rise in prices. The current price is expected to remain the same for at least a week after the release of the coin.

Gold Value Record High

Economies and cash have been declining in recent times all over the world. From debt crisis’s to miss managing money, several of the world’s top economic countries are having trouble keeping their finances in check. All this however has a significantly different impact on the value of gold. The value of gold has continued to increase during these economically drastic times, and as of today the value of gold has now reached a new record high of $1,489.10 an ounce. As speculation on the future of cash and monies from different parts of the globe start to change, the value of the most purest form of currency, gold, still holds its value.

From Bloomberg:

“Gold rose to a record in New York on speculation that the sovereign-debt crisis in Europe will worsen, boosting the appeal of the precious metal as an alternative to currencies. Silver touched a 31-year high.

Gold reached an all-time high of $1,489.10 an ounce after Moody’s cut Ireland’s credit rating by two levels to the lowest investment grade, eroding the value of the euro. The dollar, while up today, is headed for a third straight weekly decline against a basket of currencies as the U.S. Congress debates measures to reduce a record government deficit.”

http://www.bloomberg.com/news/2011-04-15/gold-surges-to-record-as-global-inflation-concern-stokes-demand.html

So what does the rise in gold prices mean for the average citizen with gold? The increasing value of gold signifies that all gold has lasting value, and gold can always be used to get finances back on track. Visit www.cash4gold.com to find out how you can turn your scrap or unwanted/unused gold and jewelry into real cash now and take advantage of gold’s highest value yet.

Why Cash4Gold?

Why choose Cash4Gold over other mail-in gold companies when choosing what company is best for your gold? Simple, Cash4Gold make it safest and easiest way to send in your gold for real cash. Not only does Cash4Gold provide a safe and insured process to send in your gold with our Jewelry Return Packs, but we also provide a 110% Price-Match Guarantee! How does it work?

If you receive a higher, itemized valid written offer from a nationally televised mail-in gold buyer (who does not own or operate or is not affiliated with any retail location and who buys precious materials exclusively for its melt value) within 30 days prior or after the date of our payment to purchase the same specific Jewelry, we will match that offer plus pay you an amount equal to 10% of the other offer. You must notify us of the other higher offer no later than 30 days after the date of our payment to you. See terms and conditions for additional conditions.

As the number 1 consumer gold buyer in the nation, it is our promise to you to provide with a safe, efficient, and price-worthy way to send in your unwanted, unused, or broken gold and jewelry. Don’t let your gold go to waste…visit Cash4Gold at www.cash4gold.com to get your free and insured Jewelry Return Pack today!