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!

How to Clean Your Gold Jewelry

If you aren’t interested in selling your old gold jewelry or scrap gold yet, give it a tune-up! Gold does not tarnish but does get dirty. The great thing about real gold is that it is easily cleaned and restored to its original beauty.

1) Make sure that the sink is closed and sealed if you choose not to use a separate bowl. Occasionally, smaller jewelry can get caught in or around the drain. You don’t want to see your gold jewelry sucked down!

2) Add water and a few drops of dishwashing detergent to the bowl or sink.

3) Allow the gold jewelry to soak for about 2 minutes.

4) Use an old toothbrush to gently scrub the dirt from the gold jewelry.

5) Rinse the jewelry thoroughly.

6) Dry the jewelry with a soft cloth.

Some people choose to use ammonia in cleaning their gold – use with caution or it can leave your jewelry damaged. A 1 to 10 ammonia to water ratio is your safest combination if you choose to use ammonia in your cleaning. Make sure to rinse thoroughly if you choose to do so.

There are also special cloths that you can buy that are designated for precious metal jewelry – most can be found at drug stores.

If you ARE interested in getting rid of your old gold or broken jewelry, sell your gold to Cash4Gold! Visit our website at www.cash4gold.com for more information about our company and our process.

GOLD REPORT: BUY OR SELL

Those doubting the security of owning gold and selling gold for profit should take a few factors into consideration this week.  Fannie Mae and Freddie Mac were taken over by the government this week, after a stunning financial collapse of the housing entities. 

However, on Tuesday, gold fell below $800 an ounce for the first time, reaching ultimate lows of $795.00.  The last decline of this magnitude was in mid-August at $773.90/oz.  The last high for gold was on March 17^th at $1,030.80 an ounce. 

Many are expecting gold at $1,225 an ounce, but yesterday’s rise - where the dollar hit a one-year high - did not increase the precious metal’s pricing.

Physical buying of gold is anticipated to increase in coming months.  The festive seasons in India, requiring gold bullion.  Bullion was priced at $987.75 an ounce in mid-July and has since fallen to $800 an ounce, but can be expected to rise due to the shortage.

Check back with us for additional information about buying and selling gold.

It’s always a good time to sell your gold at Cash4Gold.com.  Because we are the refinery, we are able to offer better returns than other gold buyers!  Visit our website at www.cash4gold.com for more information.

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.

Are you ready to sell your gold?  Visit www.cash4gold.com to see how much cash you can get for your gold!

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!  

GOLD INVESTMENT NOTES

No one knows exactly how gold will be priced in the future, but this blog made some interesting points.  In 1800, the price of gold was just below $20 per troy ounce.  By 2008, gold has reached almost $1,000 per ounce, just not quite yet.

In total, this is less than a 2% annualized average rate of return.  The all time peak for gold was in 1980 – the price equivalent, when adjusted for inflation – is $2,000 per ounce in today’s dollars.  $2,000 an ounce is a far cry from the $800 an ounce where gold is priced right now.

Take note that gold hovered around $20 an ounce for about 130 years, with the past 78 years showing safe, but not the highest rates that are paid out with other investments.

Historically, gold is always suggested as a hedge against inflation, due to the fact that it does well when people lose confidence in hard currency.

With decline of dollar and the possible decline of the euro, gold again may be that hedge against inflation.  To learn more about the prices we pay for gold, visit www.cash4gold.com and consider selling your gold today.

http://www.wheredoesallmymoneygo.com/investing-in-gold/

 

Gold Statue of Moss Worth Millions

This week, artist Marc Quinn unveiled his gold sculpture, entitled “Siren”. The sculpture used supermodel Kate Moss as the image in the sculpture calling her the “ideal beauty of the moment”.

The sculpture is life-sized, and weighs 50 kgs, or 100 pounds. The gold value used in the statue is worth 1.5 million pounds, or $2.8 million dollars.

The gold sculpture will be shown in an exhibition at the British Museum in the Nereid Gallery. The exhibit, entitled “Statuephilia: Contemporary sculptors at the British Museum” will run from the 4th of October – 25th of January.

Moss is considered a modern day muse and siren that has served as inspiration for designers like Calvin Klein and other artists like Lucian Freud and Bansky. Quinn has previously placed Moss in a bronze yoga pose in another sculpture.

Quinn has had other high-profile projects in the past, including one using his own blood and another of a disabled pregnant woman.

At Cash4Gold.com, we are interested in all things gold – whether old or broken jewelry or other items of significant value….visit our site at www.cash4gold.com for more information about our company.