Gold Prices Topping $1,000/Oz, Add Up to a Major Business Increase at Cash for Gold USA

Sharon, Massachusetts – Cash for Gold USA reported a big increase in business this week as a result of the major surge in the spot price for gold, silver and platinum. At mid-day today, gold exceeded $1,000/oz, its highest price since March, 2008. At the same time, silver reached a 13-month high as a weaker dollar and inflationary concerns increased the appeal of precious metals.

According to Norman Schneider, president, “Sellers have really reacted to this week’s unique opportunity to sell their broken and unwanted precious metal jewelry for top dollar. Our customer base has increased so fast lately that the Cash for Gold USA staff has been working overtime just to keep up with the incoming property.”

Schneider added, “Gold has only reached the $1,000 level three times since COMEX began keeping records. And by mid-morning today, the market was there again. This bodes well for both Cash for Gold USA and our customers.”

Cash for Gold USA is one of the nation’s premier buyers and refiners of precious metals. The company pays sellers the highest prices available anywhere and offers a 24-hour turnaround from receipt of a seller’s property to payment. Cash for Gold USA was recently named to the prestigious Inc 500 list of the best websites during 2009 by INC Magazine. The company also operates two analogous websites: Cash for Silver USA and Cash for Diamonds USA.

Schneider also stated, “We have always believed that the record gold prices throughout 2009 had not yet reached the top as the current recessionary economy and the value of our dollar are still uncertain and fluctuating. The current peak in prices proves that we were correct in this prediction. Right now, sellers have a unique opportunity to get the highest-possible cash payment so far this year for their unwanted gold, silver and platinum property. We anticipate that our business will continue to rise as long as financial markets remain uncertain.”

FOR MORE INFORMATION

Mr. Sam Errama, Director of Public Relations
Cash for Gold USA
101 Hampton Road
Sharon, MA 02067
Tel: 1-888-GOLD-808
E-Mail: info@cashforgoldusa.com
Website: http://cashforgoldusa.com

NEW! Cash for Diamonds USA Makes Selling Diamond Jewelry & Loose Diamonds Safe & Easy!

SHARON, Mass., July 14 /PRNewswire/ –

Cash for Gold USA announced today the launch of their new website Cash for Diamonds USA enabling users to get a fair price for Diamond Jewelry & Loose Diamonds through a safe, secure online sales transaction. The new site highlights the company’s commitment to become a major buyer of Diamonds as well as Gold & Silver in the U.S. and Canada.

According to Norman Schneider, President of

Cash for Gold USA, “We’re truly excited about our new presence as an online Diamond Buyer.” The decision to specialize in this market was made mainly because

Cash for Gold USA has seen a steadily-increasing number of inquiries from people looking to turn their unwanted

Diamond Jewelry into much-needed cash. This trend underscores the current economic recession while offering a simple solution to the ever-growing population who are facing financial pressure.

The new Cash for Diamonds USA website features detailed information to help sellers understand the facts. The site openly shares inside information on the various cuts of diamonds and how they are assayed to determine value using the well-established 4-Cs (Color, Cut, Clarity and Carat (size) as the guideline for establishing market value.

“In addition to our outstanding reputation as the leading online gold buyer, one of the reasons our company (

Cash for Gold USA) is so successful is our straightforwardness with our customers,” Schneider continued, “Unlike the competition, we aim to educate our customers so they can make informed decisions about selling their Gold,

Silver and

Diamond jewelry to maximize their returns.”

The new website offers customers FREE FedEx Shipping that is pre-insured up to $1,000.00 allowing sellers to quickly cash in on their unwanted

Diamond & Gold Jewelry in a reliable, secure manner. Cash for Diamonds USA will purchase diamonds of any shape, color, cut, clarity or size. The Diamonds can be loose stones or set in a piece of jewelry. They even purchase designer brands for superior payouts. The company also compensates sellers for any gold, platinum or

silver settings that may be included with the Diamonds; these will be valued using the same assay standards described on their websites Cash for Gold USA and Cash for Silver USA.

Mr. Schneider also added, “As we do with both our Gold and

Silver sites, we fully intend to pay sellers more for their Diamonds than other buyers. We guarantee to beat any competitor’s price by 10%.”

Cash for Diamonds USA also offers a Tell A Friend Program offering people an opportunity to make money simply by telling their friends, neighbors and relatives about the service. One of their Referees is currently making close to $2,000.00 a month! Click here to Learn More.

FOR MORE INFORMATION

Mr. Sam Errama,

Director of Public Relations

Cash for Gold USA

101 Hampton Road

Sharon, MA 02067

Tel: 1-866-784-2238

E-Mail: info@cashfordiamondsusa.com

Website: http://cashfordiamondsusa.com

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The Art of Burying Silver

During their times of glory, the Vikings accumulated a lot of wealth through looting and trading. Since gold was rather scarce in Europe in those days, a majority of the items were made of silver. In most of the Viking treasure discovered, there are silver coins, silver ingots, silver accessories, silver bars, and hacked silver items of various sorts.

Silver coins from the Middle East suggest that the Vikings were active in trading. It has also been recorded that a lot of the silver coins came as tribute money offered by weaker European nations so that the Vikings would not attack them. However, the bulk of those Viking treasures must have come from their raiding activities. The Vikings were also avid explorers. In the period of expansion, the Vikings sailed to regions as far as North America, North Africa, Russia, and Constantinople.

In the Swedish island of Gotland, a lot of Viking silver has been found. Viking hoards have also been discovered in the UK, France, and other European countries as well. The question remains. Why did the Vikings bury so much silver? One of the most obvious reasons was that there were no banks in those days. The Viking Age was also a time of hostility and uncertainty. Thus, it’s likely that the Vikings buried their wealth for the purpose of safekeeping. It would not be prudent to keep so much wealth lying around the house. Burying silver in times of danger and retrieving it in times of peace seemed to be a rational thing to do.

However, there’s a more romantic reason why the Vikings buried their wealth. Before they became Christians, the Vikings worshipped their pagan gods such as Odin, Thor, Loki, Hel, the Valkyries, and others. There’s the great world-tree known as Yggdrasil which transcended time and space. Yggdrasil was constantly besieged by the evil serpent called Nidhogg. Under one of Yggdrasil’s roots, there’s the fountain of Mimir which was the origin of secret wisdom. Pagan Vikings believed that wealth which was buried could be used in the afterlife as a sort of tribute money to gain access to Valhalla, the home of Odin. This practice was largely abandoned after much of the Vikings converted to Christianity around 1000AD.

If you have some silver, you can either bury the silver or you can sell your silver. Perhaps, the Vikings would have sold their silver if they can find a good silver buyer who would pay the best rates for silver. For sure, they would be happy to get instant cash for silver. Wouldn’t you?

The Binion Silver Coins

To coin collectors, a coin becomes more than a coin when there’s a story attached to it. In the case of the Binion Hoard, the elements of sex, drugs, deceit, murder, and court drama add much color to the collection of more than 100,000 silver coins.

Born in 1943, Ted Binion was the son of Benny Binion, founder of the famous Horseshoe Casino in Las Vegas. After his father was convicted of tax evasion, Ted became the casino manager. Living the high life, Ted loved wild parties, hanging out with celebrities, taking drugs, and chasing beautiful women. Licking it all up, Ted was arrested for drug trafficking in 1986 and his liaison with the mob came to the attention of the Nevada Gaming Commission. Eventually, the Commission revoked his gaming license in 1998, forcing him to sell his shares of the casino to his sister. Also, he was not allowed to go into the Horseshoe anymore.

By that time, Ted had amassed some 100,000 silver dollars in an underground secret vault beneath the family casino. Since the price of silver was not so good at that time, Ted didn’t want to sell his silver. Instead, he planned to move them to another place before his sister took over the Horseshoe. Sometime in 1998, Ted made the acquaintance of Rick Tabish and commissioned him to build an underground vault in his Pahrump ranch where the silver dollars would be stored. In the beginning of July 1998, Tabish transported all the Binion silver to the new vault.

About two months later, Ted’s girlfriend Sandy Murphy called 911 and reported that he had stopped breathing. Ted Binion had died in his Las Vegas house. It was originally believed that he committed suicide by overdosing on a cocktail of Xanax, Valium, and heroin. However, the drama was just unfolding. A few days after Ted died, Rick Tabish was arrested for looting Binion’s silver coins at the Pahrump ranch. Along with the vault combination, the police found a passionate love letter written by Sandy Murphy, in Tabish’s briefcase. A few months later, Murphy and Tabish were tried for the murder of Ted Binion in a sensational case which gripped America. On May 19, 2000, Tabish received a sentence of 25 years in prison while Murphy got 22 years. However, the decision was overturned a few years due to a court room error. In the retrial in 2004, Tabish and Murphy were acquitted of the heaviest charges because there was insufficient medical proof linking them to the death of Ted Binion.

In 2001, the silver coins from the Binion Hoard were sold to Spectrum Numismatic International for more than USD 3 million. Dating from 1878 through 1935, a ”Binion Collection” silver coin can cost less than USD 50 or more than USD 10,000. Looking back, Ted Binion was just in the wrong place at the wrong time. If he could get favorable instant cash for silver, he would have sold his silver coins and probably, escaped his fate. Don’t wait. Now is a good time to sell silver. If you are looking for a silver buyer who will pay good money for silver, look no further.

The 400,000 Silver Dollar Man

This is a fascinating story of a real modern Scrooge. At the time of his death in 1974, Lavere Redfield had accumulated a fortune of more than USD 100 million. When the folks from the IRS searched his house, they uncovered more than 400 bags of silver dollars in a secret basement, hidden behind a fake wall. Since each bag contained a thousand silver dollars, there were more than 400,000 silver dollars in the fascinating Redfield Hoard.

Born sometime at the beginning of the 20th century, Lavere Redfield started out as a potato farmer. Despite his early disadvantage, Redfield’s frugality and iron-fisted grip on money ensured that he had more than enough to outlast the rainy days. A hawk-eyed investor, he saw a golden opportunity during the Depression when he moved to California and bought numerous blocks of “junk” stocks. When the economy recovered, Redfield became a very wealthy man.

Later, Redfield moved to Reno where he ventured into real estate and increased his fortune. Fuelled by his rows with the IRS, he developed a strong distrust of banks, detested the government, and banknotes. On many occasions, Redfield would pop into a bank and buy a mint bag of 1,000 silver dollars. In those days, you could buy a silver dollar for a dollar. The casinos in Reno ensured that Redfield would have an endless supply of silver dollars. Then, he would load the silver dollars into his old pickup truck and drive to his stone house where he dropped them into his secret basement. 

If Redfield’s house had not been burglarized, the Redfield Hoard would probably count for more than 600,000 silver dollars. While the bulk of the 400,000 silver dollars discovered by the IRS were Morgan dollars, there were some Peace dollars as well. Roughly, the entire lot weighed an astonishing 11 tons! Redfield must have loved the sound of his silver dollars crashing into the basement, one thousand pieces at a time. At the auction, the Redfield Hoard was sold for USD 7.3 million to Steve Markoff. Then, the silver coins were sold to the public over three years. It was revealed that the actual market value of the silver coins was in the region of USD 20 million.

Thinking about the Redfield Hoard, it makes you wonder why a man will stash away such a fortune of silver dollars. At the end of his life, Lavere Redfield still dressed like a potato farmer and drove that jalopy pickup when he could have lived like a mogul. Why? Perhaps, he waited too long for a good silver buyer to pay the best rates for silver. Now, you don’t have to make the same mistake. If you want to sell silver, you can get instant cash for silver.

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