Gold Prices Higher?

Reuters recently reported “Gold shines in bleak year for commodities”. Gold was one of few commodities to finish higher on the year, the only metal up on the year….

In the year of the credit crunch and mortgage crisis, the weak dollar has increased the appeal of gold as a safe haven investment. While some are predicting that the worst is yet to come, others are predicting that we have now experienced the lows of the low….Many analysts are pointing to gold with further gaining potential as a solid investment, even predicting higher prices in the near future. Gold mining stocks also seem to be rising due to the current economic crisis….

As gold prices continue to rise, cash in!! Sell your gold today! Visit our site at Cash4Gold.com to learn about our company and to learn about our process!

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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Investors Looking to Cash in on Gold Security

Last week, Reuters completed an article entitled “Nervy investors spur rush at Swiss gold refiners”.

Apparently, the Swiss refineries cannot work fast enough to meet the demand from the nervous rich who are ordering gold and gold bullion bars, switching their assets into something that is holding value.

Switzerland has some of the largest refineries around the world, and
production is at 30 year highs with demand outweighing production. It is widely assumed that the weaker dollar will send gold’s price higher. The current wait time for gold bars is a month and six to eight weeks for coins or ingots.

Now is the time to sell your gold! Visit Cash4Gold.com to see the current prices we are paying for your old or broken gold jewelry! Go to Cash4Gold.com for more information about our company!

Long-Term Gold Outlook Good for Cash4Gold...

The Economic Advisor published a blog posting this week entitled “The Obama Stimulus – Will Cause Inflation and Gold to Soar – The AMP 2009 Predictions”

The publication predicts that a “tidal wave of money will lead to a tidal wave carrying inflation and gold to new heights”. So far, the bailout package has failed to promote bank lending yet. The economy has seen delayed expansion and employment cuts, the stock market is bottoming out and the auto industry is looking for financial aid. The Apprentice Millionaire Program has made a list of predictions they expect to see within the next year:

SHORT-TERM:

1. The stimulus package will be at least $500 billion.
2. The Federal Reserve will “force” banks to lend more aggressively to consumers and businesses.
3. There will be a general optimism that will lift the economy.
4. Lower mortgage rates will ease foreclosures and lift home sales.
5. The housing market will turn around and ease inflation rates.

LONG-TERM:

1. Inflation will emerge and we will return to $75 oil.
2. House prices will elevate to the point where mortgage rates halt housing expansion.
3. The stock market will rally when the housing market looks up.
4. As inflation rises, gold will rise to surpass the old high of $1000.
5. Commodities, particularly gold and oil will lead the stock market recovery.

The Apprentice Millionaire Program can be accessed at http://www.amprogram.com. Gold is a certainty in uncertain times! Visit Cash4Gold.com to see the prices we pay for your old gold jewelry and scrap gold! At Cash4Gold we offer a 100% customer satisfaction guarantee! Sell your gold today!

Gold Outlooks Raised for Cash for Gold Forecasts

It was announced on Friday, December 12th that Goldman Sachs has “upped” their forecast on gold as a safe haven.

Goldman Sachs has raised both gold and silver forecast as the dollar’s stability remains in question, amid the current financial crisis. The following has been reported (all prices per ounce):

• Three-month gold forecasts have been raised from $690 to $700
• Six-month gold forecasts have been raised from $730 to $785
• Twelve-month gold forecasts have been raised from $710 to $795
• Three-month silver forecasts have been raised from $9.90 to $10.04
• Six-month silver forecasts have been raised from $10.30 to $11.08
• Twelve-month silver forecasts have been raised from $9.20 to $10.30

Goldman’s reported, “We have long held that gold trades inversely with the U.S. dollar, which historically has explained over 90 percent of gold price movements”.

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Cash For Gold Smashes Records...

The Motley Fool website reported last week that “Gold Buyers Smash Records!”

Although spot price of gold has fallen 20% from the March 2008 high, demand is still up. Mints have been running at full capacity and ETFs are hunting for physical gold to back up investment demand. The World Gold Council released the following facts:

• Gold demand in Q3 was at $32 billion, beating the 2nd quarter by 45%.
• Investment demand, including ETFs, rose to $10.7 billion – double earlier demand in the year.
• Retail investment rose 121% in Swiss German and U.S. markets.
• France became a net investor in gold for the first time since the early 1980s.
• Demand for gold jewelry hit a record of $18 billion, led by India, the largest consumer of gold in the world.
• Supply has fallen 9.7% than earlier in the year.

The article also predicts that gold will preserve buying power as the dollar and euro face price inflation…..Also pay attention to the mining companies themselves – their shares are sure to rise…..

Read the article in its entirety here.

At Cash4Gold.com, we pay you the highest spot price for your gold and offer 100% customer satisfaction guarantee. Sell your gold - Visit our site today to see the prices we pay and how to get the most cash for your gold!

Iran Trading Cash for Gold?

The Associated Press announced late last week that Iranian newspapers are stating that Iran is converting reserves into gold.

The newspapers are quoting Mojtaba Hasemi Samareh, who is the top advisor to President Mahmoud Ahmadinejad. Saying that the decision to buy gold was executed at the order of Ahmadinejad.

Iran reportedly has $120 billion in reserves. It is unknown how much of the reserves has been converted to gold.

Roughly 80% of Iran’s foreign revenue comes from oil. The decision to buy gold follows recent, dramatic drops in oil prices.

The economy is volatile – but gold is always solid. Gold prices are at record highs – sell your old or broken gold for cash today! Visit Cash4Gold to see the prices we pay and how to get Cash for your gold!

More Gold Predictions at $1,000 an Ounce: Sell Your Gold as Prices are High

Another prediction has surfaced of gold reaching $1,000 an ounce in the near future.

Toronto-based Goldcorp, Inc.’s (TSX: G) CEO Kevin McArthur has claims that “We continue to believe gold’s status as a safe haven in times of global uncertainty is real.” McArthur has stressed that this is a long-term view, yet they predict “we will be seeing a four-digit gold price in the not-too-distant future.”

Barrick Gold Corp’s President has also stressed that he believes gold prices are on the rise.

The most recent high for gold prices was at $1,032 per ounce in March. Friday, October 31st, gold was priced at $723.70 per ounce.

Goldcorp claimed profit up $75.8 million this year, above predictions of Thomson Financial. Importantly, Goldcorp remains debt-free and holds over $450 million in cash and equivalents.

The company claims that production in Mexican and Canadian mining operations have increased and are highly profitable. McArthur has stated that he looks forward to “continued improvements moving forward”.

Gold prices are off the charts, and at Cash4Gold, we want to pay you the highest amount possible for your old or broken gold jewelry. Visit our blog for continued information regarding gold and its place in the market. Visit our site at Cash4Gold to see the prices we pay and learn about our process.

Cash4Gold: World’s Largest Gold Party

There has been even more news this week about the rising popularity of gold parties.  The new gold parties serve more of the wine and cheese crowd, versus that of the typical pawnshop.

Are you looking to host a gold party?  If so, you will need a jeweler’s magnifying loupe that is able to test the authenticity of real gold, and you will need to be able to determine what quality….However, you would be surprised at the vast amounts of gold are held by friends and neighbors, including gold coins, old gold jewelry that is no longer in fashion, and even dentures….

If you aren’t interested in the hassle of hosting a gold party, send your gold to Cash4Gold!  Immediately turn your old gold into Cash4Gold! 

Click here to read about the Cash4Gold Refer A Friend program – make selling gold a profitable venture!!

Gold prices are steadily rising.  Take advantage of the current gold prices, and sell your gold!! Check out our site at www.Cash4Gold.com, and click here to learn how you can earn Cash4Gold easily!! 

Gold Production Up - Good Time to Sell...

Bloomberg announced last week that The Perth Mint is increasing production at its facility in Australia.

The Perth Mint produces 10% of the world’s gold bullion and has doubled its output over the last 6 months. As investors flock to buy gold as a safe haven amid the current worldwide credit crisis the U.S. and Austrian Mints have increased production as well.

The Perth Mint sells Kangaroo and Nugget coins, and the Mint has produced over 154,000 ounces in the last 12 months, which is roughly double the production last year.

Gold is currently one of the brightest commodities, reflecting that people do not trust the financial marketplace right now. The overseas demand is up 90% for the Perth Mint, which has sold $880 million more in gold than this time last year.

The Perth Mint was founded in 1899 as a branch of Britain’s Royal Mint and is run by the Western Australian government.

Gold refiners worldwide are expecting mass-market appeal for gold as the economy heads toward a recession…..

Get cash for your gold while prices are high! Visit our website at www.cash4gold.com for more information about how to get the highest price for your old scrap gold at Cash4Gold! Sell your gold today!

Gold Sales at a Halt as Prices Soar....

Hot news came this week about the U.S. temporarily suspending sales of the American Buffalos due to fear of running out of the treasured coins.

The 24 karat gold American Buffalo coins were first introduced in 2006. The coins were authorized by Congress for the United States to enter international gold bullion market with competing coins like the South African Krugerrand and the Canadian Maple. The American Buffalos hold a face value of $50, but are priced accordingly with the international gold market. The coin is a one ounce gold bullion coin.

Due to the ongoing economic crisis, consumers are flocking to gold as a safe hedge against inflation. The current demand for the American Buffalo has exceeded the supply and the Mint is depleted of inventory. Sales were temporarily suspended due to demand up over 54% from a year ago

We will be paying attention to the current gold situation…..Cash4Gold.com is your source for selling old or unwanted gold. We buy old or broken jewelry, gold coins, or broken items containing gold. Visit our website at www.cash4gold.com to see the prices we pay when you sell your gold!

Gold Sales to Increase Worth of Metal?

This week’s update on gold pricing may predict rising futures for the metal.

Reuters UK reported that due to hardships being experienced by the U.S. banking industry, gold might be headed for a run.

This week, oil fell below $10 a barrel for 7 month lows, Lehman Bros filed for bankruptcy protection, and Merrill Lynch was acquired by Bank of America.   The weaker dollar could trigger a rise in demand for commodities, like gold.

Gold jumped 2.5% to over $784 an ounce following last Thursday’s 11-month low of $736.  Bullion, on the other hand, was trading at $775.60 an ounce.

Gold is often considered a safe haven during financial crises, and many economists are predicting that it is not performing at its peak ability yet.  Gold’s futures will also be determined by watching if the euro reacts strongly or weakly to the dollar.

Many economists are also questioning what will happen when much of the supply of gold is purchased...

Take advantage of rising gold prices and sell your gold at Cash4Gold.com today!  Visit www.cash4gold.com for more information….

Gold Merger Good For Gold Sales?

Canasia and Kinross Gold USA signed a mineral agreement this week.

Canasia is a Canadian mineral exploration company that owns sub-company, Gold Property and Prospect properties in the western United States and in Canada.

Kinross Gold is a New York listed gold company that is also the third largest primary gold producer in North America. Based in Canada, Kinross has 9 mines worldwide.

The nature of the deal is with regard to Canasia’s Debut Gold Property in Elko County, Nevada. Kinross will make royalty payments to Canasia over a period of 15 years that will require a minimum of $3 million for exploration of the property.

Canasia reportedly considers this a “significant milestone” and also has asserted that this will be the first of many deals of this nature.

Surging demand for gold and gold bullion in uncertain economic times is occurring and is indicative of gold’s growing value.

Sell your old gold jewelry today! Visit www.cash4gold.com to see the prices we pay!

GOLD EXECS SAY GOLD VALUE TO INCREASE

Reports came this weekend that gold purchasers are increasing among Europeans, Asians, and Middle Easterners.  Much of the upswing is due to the downswing that many of us are feeling in the U.S.

Gold prices may rise to $1,250 an ounce is a prediction by several, because it retains an allure as a hedge against inflation.  Gold “could go up 50 percent”, says Sean Boyd, CEO of Agnico-Eagle Mines. 

As credit and housing crises are still on the mainframe in the U.S., others are betting against us.

March 17^th was the last high that gold experienced, at $1,033.90, but has dropped 19% since.  The CEO of Newmont Mining Corp, Richard O’Brien, sees bright futures for the metal due to future inflation anticipation.

Everyone is now watching the euro.  Gold has generally moved with the euro.  The metal remains one of the most solid investments that can be made.  The advice?    Buy now and sell every time it jumps.

Sell your gold at www.cash4gold.com.  We detail our process, the prices we pay, and how you can get cash for your gold today!