SOURCE: Cash4Gold

February 26, 2009 20:37 ET

Cash4Gold Helps Consumers Cash in on Higher Gold Prices

Cash4Gold Executives Speak Out on Record Gold Prices

POMPANO BEACH, FL--(Marketwire - February 26, 2009) - Cash4Gold, America's #1 buyer of precious metals direct from the general public, is well-positioned to help victims of today's difficult economic environment. The price of gold recently closed above $1000-per-ounce and Cash4Gold.com executives are not surprised; in fact, they say the trend may continue.

With gold on the rise, it is more important than ever for consumers to educate themselves about the gold market and learn about the value of their unwanted jewelry. Gold represents a safe economic opportunity even as alternatives, such as house values and loans, are shrinking. "Instead of leaving gold sitting in a drawer, it can be circulated back into the economy by monetizing it through Cash4Gold," said Cash4Gold CEO Jeff Aronson.

With gold priced near record highs, Cash4Gold is an increasingly valuable resource for those who are strapped for cash. Anyone can use Cash4Gold's private, satisfaction-guaranteed service by mailing in unwanted gold, such as old or broken jewelry that might be forgotten or gathering dust around the house. Cash4Gold is a service business that has proven beneficial for thousands of people, regardless of the price of precious metals, and higher gold prices mean even more cash for Cash4Gold customers.

"Cash4Gold's motto has always been 'adjust to the market,'" says Aronson. "The price of gold goes up, and we pay more. Cash4Gold is a service business that has created a valuable alternative to thousands of people, regardless of the price of precious metals. With gold becoming more valuable, we are happy to help people tap into that value so they can use that money today."

Cash4Gold executives think gold has the potential to reach $1200 to $1400 an ounce within the near future, if prices continue their steady climb.

Gold is currently selling at approximately $1000 an ounce, and these highs have not been seen since the gold boom of the 1980s. In 1980, gold hit a historical high of $875-per-ounce, which would be worth well over $2000 in today's dollars, when adjusted for inflation.

About Cash4Gold

Cash4Gold is the #1 American buyer of precious metals including gold, silver and platinum from the general public, and one of the largest refiners of precious metals in the nation. Through an efficient and proprietary process, the company has revolutionized its industry with innovations in marketing, customer service, refining, and logistics. Albar Precious Metals, Cash4Gold's parent company, was founded in 2001 in Chicago, IL by Jeff Aronson. Cash4Gold was spun off from Albar in April 2007 by Jeff Aronson and Howard Mofshin and today employs more than 350 people in its Florida headquarters. Cash4Gold is a fully-integrated company with front-end customer service and marketing operations, and a back-end refinery. Hundreds of thousands of satisfied customers have received millions of dollars from Cash4Gold since its inception. Cash4Gold's popular advertisements can be seen on national television and heard across the satellite and terrestrial radio dials. Please visit www.Cash4Gold.com or call 1-877-GOLD590 for more information.

Contact Information