Gold: A Story in Numbers

They say that every photo tells a story, but in the case of gold, numbers play as important a role as photos do. Gold is in its very nature constantly associated with numbers, whether it is in its history, its weight when found, its composition when being tested for value, or most often of all…its price. Numbers speak the story of gold in an important way, and because of their symbolic value, they also help tell the story of gold in the same way photographs do.

Here are a few gold facts that speak about gold’s price, power, and history, all told through numbers:

2,316- The “Welcome Stranger” gold nugget was the largest ever “true” gold nugget. It weighed 2316 troy ounces and was found in Australia in 1969. At gold’s current market price, the “Welcome Stranger” would be valued at over $3 Million US dollars.

50- The power of gold can be seen when it is hammered. One ounce of gold can be hammered down and stretched to an incredible length of 50 miles.

53- 53cm in diameter is the size of the largest gold coin ever minted, a 2007 $1,000,000 Maple Leaf.

1,064- Gold is melted down by refiners like Cash4Gold so that the precious metal can be extracted from jewelry and others objects where gold has been mixed. 1,064 centigrade is the temperature at which gold melts.

60- There’s a lot of gold out there, and when its mined gold find its way into many different forms of use. 60% of all the gold mined today however is used strictly for jewelry.

1- Gold is the most precious and rare of all metals. How rare? A single one ounce gold nugget is harder to find then a five carat diamond.





Source: http://www.gold.org/about_gold/story_of_gold/numbers_and_facts/

If this comes true you will be glad you own Gold and Silver!

Read on to see why you should be happy you own gold and silver. "Sovereign wealth funds," are dumping the dollar. In particular one big fund in the Persian Gulf has cut its dollar-denominated holdings by more than 20% in the last year.

China's State Administration of Foreign Exchange [SAFE] is working  with European private-equity funds to diversify away from the dollar.

Foreigners also hold roughly $1.5 trillion in Fannie (FNM) and Freddie (FRE) AAA-rated debt. As Fannie and Freddie Mac come apart at the seams, Merrill Lynch has warned that the U.S. could possibly face a foreign "financing crisis" within months .

Almost everyone knows or has recently discovered that gold and silver are great to own during inflationary periods. How do gold and other precious metals compare to Google? Google has raised the price of its online advertising 19% in the past year and the industries paying the highest prices for this are the worst performing: mortgages and retail. Google raised mortgage-company advertising rates 35% and retail rates 9.3%. Bloomberg expects Google shares to rise 25%. "

All of this has gotten my attention, and I would be rushing to accumulate gold and silver if I hadn't done so already.  Any corrections that might occur in the gold and silver markets this summer is another chance to buy the exchange-traded funds for gold and silver .

"Russian and Saudi Arabian oil production have peaked – leaving the world with no way to meet our rapidly growing demand for energy. Oil prices must surpass $240 a barrel in the next few years in order to avoid severe shortages. Commodity prices, already at record highs, are poised to make their greatest gains in history over the next five years .
Inflation will climb as high as 25%-30% annually, destroying the value of most people's savings and crushing their retirement dreams. 95% of Americans will experience a lower standard of living within the next 10 years," asserts Stephen Leeb of The Complete Investor.

Dr. Leeb has a lot of credibility and his research team works hard to be accurate. If they are correct or anywhere close to correct, gold and silver prices are going to soar. The same is true for copper and most likely platinum and paladium. Precious metals tend to do very well when energy and commodity prices are "already at record highs, [and] are poised to make their greatest gains in history over the next five years" !

Right now gold seems high at around $957 and silver also seems high at over $18 an ounce. But there are bus loads of seasoned analysts and respected precious metals "bugs" who are saying gold could go to $3,000 and silver might go over $50 an ounce .

While everything else seems to be constantly changing you can count on Cash4Gold.com to always give you the best price for your unwanted gold and gold scrap. Our refiners work hard to always be able to give you the best price available!

Gold dips as dollar steadies

Gold dropped a bit lower on Wednesday while the dollar steadied, lightly denting gold's universal appeal as a currency hedge. Gold fell to $972.40/973.40 an ounce from $975.90/977.90 an ounce late in New York. The increase in accumulating and buying of gold to be an alternative to the more unsteady and risky assets like stocks and the weak dollar has helped to raise gold to a four-month high of $987.75 on Tuesday. A recovery in the US currency early on Wednesday however, has slowed gold buying and is helping to keep a lid on fresh gains.

Among other precious metals, spot silver tracked gold higher to $18.84/18.89 an ounce from $18.86/18.93 late in New York. Platinum fell before pulling back to trade at $1,971.00/1,991.00 late in New York. The white metal has fallen by nearly five percent in the last month. Spot palladium fell to $439.00/447.00 an ounce from $440.00/448.00 late in New York.

Cash4Gold always pays you the best price for your gold and precious metals. Visit us to see how much we are paying right now for your gold, gold scrap, silver jewelry, gold jewelry and more! 

EMOTIONAL GOLD

The headline grabber of the last several months has, of course, been gold. There is not much about gold that hasn't already been said or blogged and yet, it has risen 55% over the past year. Gold has reached the highest price ever of over $1000 per troy ounce before it settled at, a still more than respectable, $900. The gold bugs - the "end of the Worlders" are happy but are their doom and gloom predictions justified?

Bob McKee, chief economist at Independent Strategy, doesn't think so. He started getting long gold between $330 and $350 in 2003, citing three drivers that are clear to all: the current account deficit's pressure on the dollar, growing political uncertainty and an impending reversal of the liquidity boom.

"Some people argued then that money flowing into Asian economies would be recycled into dollars," McKee says. "There's some truth to this, but there is also a growing pressure to diversify." "Up until three or four years ago, that was a real concern because the central banks still saw gold as a dead thing," he says. "But they have done their dumping, and have no more left to sell."

The other drivers have only gotten stronger, and the question now is whether they have become so strong that the market has already discounted them. McKee doesn't think so.

"We still have some room to go in all three drivers," he says. "Assuming that the U.S. economy went into recession this last quarter, and knowing that recessions tend to last nine to 12 months, we can expect dollar weakness to continue for at least the next two quarters."

Then, he says, just when the United States begins to pick up steam, the other OECD countries could be slipping into recession with low interest rates sparking fears of inflation.

We would like to know how you feel about gold prices and how our refiners help you get the very best price available for your gold and other precious metals. See what our other customers had to say about selling us their gold.  Visit www.cash4gold.com for more information about our company and all things gold!

Precious metals popping up all over

Gold has raced up in price more than 50% in the last year. Other precious metals have gone along for the ride including platinum and palladium. So, is this the end of fiat currency as we know it, as gold bugs have claimed? has the commodities bubble finally burst and will gold prices head back south? What are the forces jostling the global metals markets?

Boris Schmitz-Thiersen's family has been selling jewelry in the same location in Cologne, Germany, for more than 100 years. He has begun offering bracelets made of a peculiar white metal mined in South Africa. "It's pure palladium," he explains. "Pretty, isn't it?" Yes - and relatively cheap, trading around $450 per troy ounce, compared to just under $2,000 for the same amount of platinum, and about $1,000 for gold. Silver, by contrast, is trading at between $17 and $18 per ounce.

The decision to sell palladium instead of platinum is one of those innocent ideas that if adopted by all the jewelry stores in the universe, could have major ramifications for the price of these two most precious of metals. Jewelry currently accounts for about 20% of total platinum demand, but that, unlike gold, platinum and palladium are primarily industrial metals and not stores of value.

"If prices of platinum get too high, you could see a substitution on the industrial side to palladium," she says. "This is why I'm more bullish on palladium than I am on platinum."

Yet it is platinum's secondary function as a precious metal that is driving prices to the stratosphere.

At Cash4Gold we don't just buy your gold scrap, unused gold jewelry and gold coins. We also buy platinum, silver and other precious metals. Visit our website today to see what precious metals we can buy from you!  Visit www.cash4gold.com for more information!

Precious-Metal Bubbles About to Burst?

Lingering too long in any run-up can be dangerous as you many well know if you were caught in the tech or housing frenzy. While precious metals aren't yet in dangerous territory the rapid price increases may indeed be slowing or over.

Gold has recently been hovering at close to $1000 which is markedly up from the $300 an ounce gold sold for in 2002. While gold has always been seen as a hedge against inflation, it has little use beyond jewelry. Consumer sentiment is the main price mover when speaking of gold. With supply and demand steady so also remains gold's price. The weak dollar, rising inflation fears ans real estate collapse has driven the price of gold to record highs. Gold surrogate volumes continue to rise indicating investor agreement. Gold will not blow up but will continue to correct as the dollar regains it's strength.

Silver's value has nearly quadruples since 2004. Much faster tahn gold's increase but gold and silver don't generally mimic each other. Silver's use in industry causes silver to be a more accurate reflection of the overall health of the economy. Silver tracks stocks more closely than gold. Silver isn't in bubble-land; it's just not a great buy.

In addition to buying your unwanted precious metals did you know we also evaluate and purchase your fine jewelry?

Thieves cashing in on precious metals

When she started up the shuttle bus, Faith Christian Church’s bus driver knew something wasn’t right. "She said it sounded like a dump truck and not the nice quiet smooth van she was used to driving,” said Pastor Greg Hamlin. As it turns out, the catalytic converter was stolen from under the van.

In Wichita alone there has been a huge increase in the theft of catalytic converters. Two suspects in Maryland were hiding a stash worth almost $6000.00 and in Michigan one business owner is now employing security cameras after being hit for the seventh time. Catalytic converters may not be made of gold but they do contain precious metals such as platinum, rhodium and palladium. these metals are at an all time pricing high with platinum selling for $2000.00 an ounce, Rhodium at $9000.00 an ounce and palladium topping $400.00 an ounce.

"As long as the price of these precious metals is up, it's going to be more incentive for the criminal element to continue doing this,” said John Eggener with the Montgomery County Police Department in Maryland.

We pay our clients more than anyone for their unused gold, unwanted gold jewelry and precious metal scrap. See how much we will pay you today.

Bullion River Gold Corp. Receives $2.94 Million

Bullion River Gold Corp. announced today that they have received $2,120,000.00. The Gold company has privately placed common stock with Banque Pasche (Liechtenstein) S.A. and an existing shareholder. Another $570,000 in cash comes from the exercise of warrants by Banque Pasche (Liechtenstein) S.A.

Bullion River Gold C.E.O. Tim Callaway said, "We believe the recent private placement and warrant exercise by two significant shareholders is a strong sign of their confidence in, and commitment to, Bullion River's projects and management team." Callaway went on to say, "Our clear priority is to complete the necessary exploration and development of the French Gulch Mine with a goal of achieving positive cash flows as soon as possible."

About Bullion River Gold Corp.: Bullion River Gold Corp. is an American based mining company with six gold and silver properties located in the Western United States including Wenban Springs located in the prolific Cortez Trend in Nevada.

Do you ever wonder about the types of gold and precious metals we will purchase from you? We explain it all to you on our website. We will explain what types of gold, gold coins and other precious metals our refiners are looking for and what we will pay you for yours.

Metals - Gold rises as dollar weakens, oil holds near highs

Crude oil's rising prices led to an increase in gold prices. Crude oil pricing is at a record high driven by gold and other precious metals being acquired as a hedge against inflation. Platinum was noted at over $60.00 an ounce. At $127 a barrel oil hit a record high initiating gold buying to begin anew. Spot gold has been trading at $894.93 which is up markedly from gold prices last week.

Although the dollar showed some stabilizing, gold and precious metals all ignored this and continued its price climb. Gold is a very popular alternative to the dollar as far as assets go. Although the firming of the dollar was short lived, experts expect a mixed bag of economic news from the US which could give the currency new life. An increase in construction and housing could be bad news for gold. Other precious metals' prices are on the rise. Fueled by ongoing fears of a platinum supply issue, platinum rose to $2136 per ounce while silver was noted to be at $16.91 per ounce.

Do you ever wonder what kind of cash could be hidden away in your jewelry box or china closet? Visit our website to learn what types of gold and precious metals we will buy from you! Our refiners will even tell you how much we will pay you for your gold, silver and platinum items and scrap.

Mid-Week Gold Report - March 25, 2008

Last week the price of Gold rose to its all time high of about $1,033 per ounce. Since then it has fallen approximately 10% due to last weeks news that interest rates had been lowered for the 5th straight time.

At the close of today's market, shares of gold companies increased as the price of precious metals increased too.

The price that Cash4Gold.com will pay your for your gold is 5% more then our competition. Request your Free Refiners Return Pak and get fast cash wired to your account within 24 hours.