Big Surge in Gold Prices Spurs Major Business Increase at Cash for Gold USA

Los Angeles, California – Cash for Gold USA has reported a major increase in business this week as a result of the major surge in the spot price for gold, silver and platinum. At 9 AM today, gold was at $996/oz while silver exceeded $16.00/oz and platinum topped $1,267/oz.

According to Norman Schneider, president, “Sellers have really reacted strongly to this unique opportunity to sell their broken and unwanted precious metal jewelry for such high prices. Our customer base has gone up so fast this week that much of the Cash for Gold USA staff has been working overtime just to keep up with the seller demand.”

As the week closed, the spot market price for gold, silver and platinum has surged to near record highs. 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 just four dollars short of that mark again.”

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 today and offers a 24-hour turnaround from receipt of a sellers 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: http://CashforSilverUSA.com and http://CashforDiamondsUSA.com .

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 is still uncertain and fluctuating. The current surge proves that we were correct in this prediction. Right now, sellers have the best opportunity of the year to date to maximize the fast cash payment they will receive for their unwanted gold, silver and platinum property. We anticipate that our business will continue to rise during the remainder of 2009.”

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