According to reports, the Chinese government has rewarded Olympic gold medalists with cash bonuses. Each gold medalist on the Chinese team will receive a tax-free bonus of 350,000 yuan, which is the equivalent of $51,000 USD. This Olympic bonus is almost double of that paid out after the Athens Games in 2004. Every medalist, even those on teams, will be paid the bonus.
The Chinese won 51 gold medals, which was more than any other country competing in the 2008 games.
In contrast, Kenya’s gold medalists receive a cash prize, a TV, and a washing machine.
It seems that the Greek athletes are paid the most handsomely. All medal winners receive payouts. Gold medalists will receive 190,000 euros ($280,000 USD), 130,000 euros for silver ($260,000 USD), and 70,000 euros for bronze medals ($140,000 USD).
Get cash for your gold! We see the value in your old or unwanted jewelry. Visit www.cash4gold.com to learn more about our company and to check out the prices we pay for your gold!
Wednesday, August 27, 2008
Tuesday, August 26, 2008
Gold – Spiritual Meanings Increase Value?
A French site, corsavoo.com, posted an article this week on its website entitled “Spiritual Meaning of Gold Jewelry” that highlights alternative benefits from gold. Jewelry – an important accessory – can say much about the person wearing it, but is there further significance? Corsavoo says yes.
The article cites jewelry designer, David Weitzman, a spiritual gold jewelry designer since 1998. Weitzman uses mathematics and sacred shapes such as the Seed of Life, the Flower of Life and the Tree of Life in his designs. He also incorporates oriental cultures, which are believed to be powerful and rewarding. Weitzman’s jewelry links in to these beliefs. Weitzman takes symbols from different cultures and incorporates them in his designs and then further energizes them through meditation so that the jewelry obtains properties of self-balance and healing. These traits add to the uniqueness and sacredness of his gold pieces. Gold is universally linked to the sun, due to its color.
Weitzman’s gold jewelry’s spiritual effects are described in further detail at ka-gold-jewelry.com. The word ‘ka’ means the “life force of the human spirit”.
Do you have old or broken jewelry in your drawers? Trade it in for something new that has its own unique meaning in your life! Visit www.cash4gold.com. We can turn your unwanted jewelry into cash!
The article cites jewelry designer, David Weitzman, a spiritual gold jewelry designer since 1998. Weitzman uses mathematics and sacred shapes such as the Seed of Life, the Flower of Life and the Tree of Life in his designs. He also incorporates oriental cultures, which are believed to be powerful and rewarding. Weitzman’s jewelry links in to these beliefs. Weitzman takes symbols from different cultures and incorporates them in his designs and then further energizes them through meditation so that the jewelry obtains properties of self-balance and healing. These traits add to the uniqueness and sacredness of his gold pieces. Gold is universally linked to the sun, due to its color.
Weitzman’s gold jewelry’s spiritual effects are described in further detail at ka-gold-jewelry.com. The word ‘ka’ means the “life force of the human spirit”.
Do you have old or broken jewelry in your drawers? Trade it in for something new that has its own unique meaning in your life! Visit www.cash4gold.com. We can turn your unwanted jewelry into cash!
Monday, August 25, 2008
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!
• $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!
Olympic Gold - What's It Worth?
As the Olympics have ended, many have asked what metals make up the Olympic medals…..
Up until 1912, the Olympic Gold medals were made of solid gold. No longer the case.
The gold, silver and bronze medals are 2.5 inches wide and .12 inches thick.
Since 1912, the gold and silver medals awarded are actually made up of mostly silver. The gold medal is coated with approximately a quarter of an ounce of 24kt gold.
The bronze medal also contains trace amounts of silver, but is composed of mostly copper, zinc and tin.
The 2008 Beijing Olympic medals have an image of Nike, the goddess of victory, on its obverse, and the Beijing Olympic emblem – inlaid with jade - on the reverse.
According to current gold values, the Olympic gold medals have a worth of about $300…….
Why not turn your old scrap gold or old gold jewelry into cash??? Visit www.cash4gold.com to see the prices we pay for your jewelry.
Up until 1912, the Olympic Gold medals were made of solid gold. No longer the case.
The gold, silver and bronze medals are 2.5 inches wide and .12 inches thick.
Since 1912, the gold and silver medals awarded are actually made up of mostly silver. The gold medal is coated with approximately a quarter of an ounce of 24kt gold.
The bronze medal also contains trace amounts of silver, but is composed of mostly copper, zinc and tin.
The 2008 Beijing Olympic medals have an image of Nike, the goddess of victory, on its obverse, and the Beijing Olympic emblem – inlaid with jade - on the reverse.
According to current gold values, the Olympic gold medals have a worth of about $300…….
Why not turn your old scrap gold or old gold jewelry into cash??? Visit www.cash4gold.com to see the prices we pay for your jewelry.
Friday, August 22, 2008
Gold Rally - Alternative to Cash?
This week, we saw a gold rally in Asia – due to physical buyers and the dollar experiencing a fall. Bloomberg has declared that bullion is, indeed, an attractive alternative asset.
Much of this is due to the dollar weakening against both the euro and the yen. Internationally, the demand has soared this past month. Analysts are predicting that gold will remain between $850 to $900 an ounce for the next few months of 2008.
Gold has additionally been supported due to the rise in crude oil, which, as of Wednesday was sitting at $116.48 a barrel.
Check the prices we pay for your old or scrap gold at www.cash4gold.com. We list the prices we pay and offer more information about the safe and easy Cash4Gold process and how we can put cash in your pocket!
Gold Rush, Cash to Follow For Phelps
As the Olympics come to an end, Michael Phelps has another gold rush headed his way. This time – the gold is worth mega bucks, and he’ll be able to turn it into cold, hard cash.
After setting a new gold standard in Beijing, the advertising industry has taken notice of Michael Phelps. Not since Tiger Woods, has the sports marketing industry become so enamored with an individual athletes.
Last week’s USA Today interviewed several professionals in the sports marketing and advertising profession to get the industry’s feedback. Apparently, Phelps is looking at a variety of opportunities including endorsement deals, TV commercials, licensing, and public speaking gigs. Phelps mother, Debbie, is also being approached about a book and was already dubbed the official “Baby Mom” of the Games by Johnson & Johnson.
The eight gold medal win could be worth up to $50 million. Phelps currently has sponsorships with Visa, AT&T and Speedo that will more than likely carry over to the 2012 London Olympic Games, where Phelps has already stated he will be swimming again.
Be a winner! Go for the gold! Check out the prices we pay for your gold at www.cash4gold.com.
Thursday, August 21, 2008
Gold - Better Cash Than The Dollar?
This week, Amateur Economics wrote a blog entry this week about our favorite topic – Gold! The blog compares the continual decline of the dollar in conjunction with the cost of gold.
According to AE, the dollar has lost 81% of value since 1971. Measured against gold, the dollar has lost 95% of value.
Until August 15, 1971, a US dollar represented backing of 1/35 ounce of gold. By 1973, following the Nixon administration, the dollar’s value had sunk to 1/64 of an ounce of gold.
The blog asks the question in today’s shaky economic situation, “Can gold lose dollar value even as the dollar itself loses purchasing poser?”. AE says yes, and that we have the Fed to thank for this – due to the stock market bubble bursting followed by the collapse of the real estate market. As a result of all of this economic meltdown, gold and the dollar could “simultaneously weaken”.
Consumers have flooded to gold as economic uncertainty has increased. The last peak of gold was on March 17 for $1,011 an ounce. The ‘lows’ recently have reached about $835 and could possibly go lower, however economists believe that we have not seen the peak of gold as measured against its 1981 price adjusted for inflation.
AE goes on to describe that the two factors that help the price of gold are (1) inflation and (2) war. To read the entire article, click here.
According to AE, the dollar has lost 81% of value since 1971. Measured against gold, the dollar has lost 95% of value.
Until August 15, 1971, a US dollar represented backing of 1/35 ounce of gold. By 1973, following the Nixon administration, the dollar’s value had sunk to 1/64 of an ounce of gold.
The blog asks the question in today’s shaky economic situation, “Can gold lose dollar value even as the dollar itself loses purchasing poser?”. AE says yes, and that we have the Fed to thank for this – due to the stock market bubble bursting followed by the collapse of the real estate market. As a result of all of this economic meltdown, gold and the dollar could “simultaneously weaken”.
Consumers have flooded to gold as economic uncertainty has increased. The last peak of gold was on March 17 for $1,011 an ounce. The ‘lows’ recently have reached about $835 and could possibly go lower, however economists believe that we have not seen the peak of gold as measured against its 1981 price adjusted for inflation.
AE goes on to describe that the two factors that help the price of gold are (1) inflation and (2) war. To read the entire article, click here.
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