Price Of Gold- July 14, 2011

The price of gold is nearing new records today as it currently stands at almost $1600 an ounce. Today’s price of gold is $1590.52 per ounce, a mere $10 dollars short from a price never before seen in the market for gold. The incre asing value of gold has continued to prove gold’s precious rarity and value over time.

The overall performance of gold continues to play well in the market and has proven to show steady growth. In the last 30 days alone, gold has shown a 4% (or $60 dollar) increase. If the trends in gold pricing continue to escalate, we may be saying a new world record sooner than we think.

The growing price of gold means that there has never been a better time to get the most money for your unused or unwanted scrap gold pieces. Don’t let scrap gold go to waste, get real cash for scrap gold and trade unwanted gold for cash with Cash4gold.com.

Charts provided by: http://goldprice.org/

The Rise of Gold- 2,200% increase in Gold Prices in 77 years

The price of gold is a fluctuating scale that bounces from place to place with little to no prediction on where it will be next. Though there has been much advancement in prediction strategies and planning for the price of gold in investments, no one person or market has been able to truly predict the price of day to day gold. However, there is one thing that remains constant in the changing price of gold, and it remains the single most trusted source in the race against gold value: the average increase of gold over time.

In 1934, the price of gold was $35 per ounce. This meant that a gold nugget weighing in at 10 ounces would fetch you only $350 dollars and even less than that before 1934 where the price of gold was shocking less at $20.67 where it had remained for decades. If you took that same gold nugget into the market today it would fetch you a nifty $15,000…calling that a simple “improvement” would be an incredible understatement.

The price of gold has not only flown through the roof since the 1930s, it has ripped through the clouds and is currently sky bound with the most recent price of gold at $1506 an ounce. From 1934’s price of $35 to today’s $1500 mark, the price of gold has increased 2,200%. But how did the price of gold jump to such high values in less than a century when before the 1930’s it had remained at such a steady level? The answer is in the hands of the people.

Demand is the number one source for the increased value of all things economic, and in the case of gold the power of demand is no different. After a long period in history including precious gold mining and the passing of the Gold Reserve Act on 30 January 1934(the measure nationalized all gold by ordering the Federal Reserve banks to turn over their supply to the U.S. Treasury), the already rare precious mineral started to become even scarcer, and the demand for gold sky rocketed.

Demand for gold continues to grow like wildfire in 2011 as China has shown by recently becoming the world’s largest gold consumer when the country purchased over 90 tonnnes of gold in just the first quarter of the year. If history has shown us anything with gold’s value, it is that with growing demand comes growing price, and the price of gold is due to hit new record levels before the end of the year.


Sources: http://online.wsj.com/community/groups/oil-921/topics/markets-gold-prices-rose-2200

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.

Chinese Gold Panda

Following China’s sudden and unprecedented purchase of 90.9 tons of gold at the close of the year’s first quarter, the price of gold and China’s place in the record books has changed dramatically. As the now number one country in gold consumption, China’s role in the price of gold is being evaluated around the clock by gold investors and consumers. Today, the Cash4Gold blog takes the time to look at what might become one of the most important gold coins of the future due to China’s current important involvement in all things gold.

The Chinese Gold Panda is a 99.9% fine gold coin issued by the People’s Republic of China. The “China Gold Coin Corporation” is the official distributor of the coin to the public, and has been distributing the fine gold pieces since 1982. The newest Gold Panda will begin circulation on June 28, 2011, and features the official WWF (World Wildlife Fund) insignia and Panda. These pure gold coins are fully functional as legal tender in China; silver coins are also produced and distrusted.

Photo and sources: http://www.chngc.net/EnVersion/

Price of Gold rises again; China becomes World’s Newest Largest Gold Consumer

It was only a few weeks ago that the Cash 4 Gold blog published two posts on the consumption of gold in India. A blog post was published on India’s Gold consumption and its holdings in gold investments which made it the largest consuming country of gold in the world. The Cash4Gold blog also covered the Akshaya Trihiya Gold Festival in India and one of its top priced items, the Shree Yantra. But now, a new country has recently taken the crown, becoming the new largest consumer of gold…

China has become the top consumer of gold, surpassing India in gold reserves and investments. The World Gold Council (WGC) reports that China’s total purchase of gold in the first quarter of the year comes to a total of 90.9 tons. India’s top gold holdings are now at 85.6 tons, falling for the first time into the number 2 spot behind china at a 2% decrease.

Though China has surpassed India in the being the largest consumer of gold, India still plays a vital role in gold consumption. Together, China and India accounted for almost half of all gold demand worldwide (estimated at 41%).

The surge of Chinese interest in gold has also played yet another role. The Price of gold has raised yet again thanks directly to new Chinese gold investments. Passing the $1,500 mark for the second time this year the price of gold rose to $1,501.50 per ounce.

Gold value V.S Chocolate value

Gold has been a staple of economics for many years because of its brick by brick building placement in currencies around the world. Gold stands as the foundation of currency, and the price of currency is most often based on the price of the gold bullion. Chocolate, a favorite of American sweets nationwide, is also plays a key role in American diets. But how do chocolate and gold relate financially?

The Hershey Bar, a favorite American chocolate, was introduced over 100 years ago in 1894. Since then, the brown cut chocolate bar has sold at different prices during different times. In the same way that the price of gold continues to change dramatically over time, the Hersey Bar has moved along with it.

The value of gold is always changing, and has been so since its discovery. But what does that mean for America’s famed chocolate bar? It’s value has also jumped with the price of gold. A chart published by foodtimeline.org shows how gold rules over the economic value of all things, even chocolate bars.

Cash4Gold - How Does COMEX Operate?

Barclays Global Investors (BGI) announced last week that it would be transferring shares from the NYSEAlternext US LLC to the NYSE Arcalisting and trading platform on December 4, 2008. BGI serves as the trustee for COMEX Gold Trust.

Barclays, as trustee for COMEX Gold trust, is one of the world’s largest institutional asset managers. The shares of COMEX, which come in units called “baskets”, are created to reflect the market price of gold, although at any given time, the shares may be slightly higher or lower than the current market price of gold.

Declines in the gold price can come from a couple of different factors:
(1) Large sales of holdings. There are instances where governments, banks, and other financial institutions are forced to sell off physical gold.
(2) Change in the level of hedge activity.
(3) Significant change in speculators or investors of gold

The Gold Trust works as a passive investment vehicle, meaning there are certain circumstances where gold might be physically lost or damaged, and the trust is unable to recover the loss. Shares of COMEX are not insured by FDIC, insurers or government agency and are treated like investments on the stock market.

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