Gold Found in Jerusalem...

CNN recently reported that a group of Israeli archaeologists have recently found rare gold coins in Israel.

The 264 gold coins were discovered by a British archaeological volunteer on a dig in Jerusalem National Park. The coins have been taken over by the Israel Antiquities Authority. The volunteer will not be allowed to take he findings out of the country.

The ‘hoard of gold coins’ are from the 7th century Byzantine period and are 1,400 years old. The collection is described as “one of the largest and most impressive coin hoards ever discovered in Jerusalem”, by those directing the excavation. The coins were discovered in a collapsed building in the Giv’ati car park in the City of David below walls of the Old City of Jerusalem. It is believed that the coins were hidden in the walls of the building, and when the building collapsed, the coins were piled and mixed with debris. The coins bear likeness to Byzantine emperor, Hercalius. The excavation is in its early stages at this time….Click here to read the article in its entirety.

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New Gold Rush Works Worth Cash

The Mercury News reported this week that a new collection of artwork with significant, American historical value has emerged.

The artwork of Charles B. Gillespie, a 49er, has been uncovered through a distant relative of Gillespie. Gillespie, an untrained artist that never sold a work in his lifetime, painted a number of sketches and oil paintings that were representative of the California Gold Rush. The collection includes over 119 pen and ink sketches and five oil paintings. Many of the pieces portray the 1848 discovery of gold by James Marshall at Sutter’s Mill, which launched the Gold Rush. Gillespie met James Marshall while sketching. One of the initial sketches bears the signature of Marshall.

Gillespie died in 1907 after working as a physician. The President of Holabird Kagin Americana, Fred Holabird, claims that Gillespie’s artwork is “one of the most important Gold Rush archives to surface in the last 100 years”. The number of pieces in the collection is significant and its worth is estimated at over half a million dollars.

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Gold's Consistency to Be Discussed This Weekend...

This Saturday, November 15th, leaders of the top 20 economic nations will be meeting in Washington at the invitation of President Bush. The core mission of the meeting will be identifying the problems occurring worldwide as a lack of faith in paper money has troubled many nations.

Gold will be discussed at the meeting and its ultimate role in the solution. There will be corrective measures discussed at the meeting in order to “deleverage” that include cash solutions and the slashing of interest rates.

The G-20 will be challenged with restoring faith in paper money and the possibility of a new international currency that is, at least, partially backed by gold.

Currently, gold has been the only consistency in a very inconsistent market. As gold prices rise, the prices we pay for your old and broken jewelry goes up as well!

Dear Cash4Gold:
Patience is truly a virtue. I was a little skeptical about sending my old jewelry through the mail. The wait was nerve wracking, which was probably due to my inner doubts. I even emailed cash4gold informing them that I was unable to track my items. They promptly explained the waiting process.

A little less then two weeks I received a check. It was tripled what I expected it to be, I was surprised and thrilled. I would recommend Cash4Gold to everyone.

I'm off to the mall for a semi-shopping spree!!!

THANKS CASH4GOLD!!!!

- Lisa

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TOO MUCH GOLD?

This week, Reuters reported that the world’s largest gold refinery, Rand Refinery Ltd, has run out of South African Krugerrands.

The Krugerrands were first introduced in 1967 at the South African Mint.   The blanks of the Krugerrand are supplied by Rand Refinery, and minted by the government.

The sold out status is apparently due to an “unusually large” order from an anonymous buyer in Switzerland.  Who is the buyer, and what does this mean?

The order was for 5,000 ounces.  This size order took from August 28^th to September 3^rd for inventory replenishment. 

Gold coins and gold bullion bars have become more popular with investors as a hedge against inflation.  Apparently, conflict between Russia and Georgia has increased demand as well. 

Demand of gold is 25% higher this year than last with investor demand up for gold collectible coins and gold bars.

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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. Sell your old or broken jewelry and buy something new!!! Visit www.cash4gold.com to learn about our process, our payouts and how to get cash for your gold today!

Middle East traditions affected by soaring gold prices

A gold store with case after case of glittering necklaces, earrings and bracelets is lacking only one thing....customers.

Instead of the several pairs of gold earrings usually purchased for weddings, shoppers are buying just one set of gold these days. Gold purchases are down for many occasions where gold would be the customary gift. The soaring price of gold has been felt across most of the Arab world. A rich part of the culture in this part of the world, gold buying habits have had to change with the rapidly changing gold prices. Some Arabs are switching to silver, long disdained as a cheap alternative. Instead of purchasing, brides are renting gold jewelry for their wedding ceremony. Many shop owners have seen sales plummet by 50% and some are considering a new line of work.

"My neighbour who sells falafel makes more money than I make now," complained jeweller Amer Khoury, 49, in Damascus, Syria.

Gold prices are also changing customs in India, the world's largest gold consumer. At the gold hub in Mumbai many women are prefering to exchange their old gold sets for newer jewelry and pay the price difference rather than buy new gold jewelry. In India, gold is so deeply tied into the culture that people have been known to make provisions in wills to give gold to yet unborn grandchildren. In much the same way, babies are showered with gold from the moment they are born in the Arab world.

"Earlier our gold gift sales for Valentine's and Christmas or Hindu festivals was good. You would get a decent set of earrings for 1,000 rupees ($23)," Kanti said. "Now it will be so tiny it's better to give cash as the gift."

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Cash4Gold Featured on CNBC's Fast Money Tonight

CNBC's Fast Money show had a feature on Gold Fever. Cash4Gold was the only vendor featured on the special. A short clip is available online: http://www.cnbc.com/id/24110910.

If you have Gold Fever, get Cash for your Gold today!