Cash for Gold Chicago - Simple to Sell Scrap Gold

Are you wondering what to do with your old or broken jewelry you no longer want? Need to earn some cash in a hurry? It couldn't be easier to turn your scrap gold into cash.

We will buy anything from earrings and bangles to coins, watch casings and broken jewellery. We guarantee to give you the best rate on your scrap gold, and you can rest assured and feel safe in the knowledge that you are dealing with people with over 20 years experience in the industry. Let us give you cash for gold.

We provide the best scrap gold rates in the industry with a quick, efficient, friendly and reliable gold buying service.

We are always ready to buy scrap gold of all kinds, below are some of the types of scrap gold we purchase:

Gold Scrap Wanted From Broken Jewelry
If you have old scrap gold in the form of broken, unworn or unwanted jewelry, we'll buy it from you and pay immediate cash. Examples of what we buy include:

old gold bracelets and chains,
mismatched gold earrings,
broken jewelry parts,
old out of fashion gold nugget style jewelry,
old ring mountings,
jewelry findngs and old gold charms.

The Gold rush has been around since the 1800s. Everyone wants gold. Whether to sell it, keep it, or hold on to it in these tough economic times. This GOLD need has been the same for hundreds of years.

If you have to pick one investment class that will shine in 2009, then choose gold, and probably silver. My prediction is that this will be the year when the Dow Jones to gold ratio goes to one.

That is to say the Dow Jones Index will plunge again, way beyond the 7,000 limit target I suggested long ago for 2008, and head to 4-5,000, while at the same time the price per ounce of the yellow metal will tip the $4-5,000 an ounce level, way above the $2,000 now predicted by Citigroup.

The outlook for gold investment is "robust", despite the current economic downturn, a new report has claimed.

In an interim update to its annual gold survey, GFMS stated that gold will help to safeguard investors this year against recent fiscal decisions that could weaken the dollar, according to Mineweb.

The report predicted that fiscal and monetary commitments by both the outgoing Bush and incoming Obama administrations in the US "are too large to be financed by orthodox means" and could further weaken the dollar.

GFMS forecasted that gold is likely to "benefit handsomely" from erratic money markets and concerns about the security of other forms of investment.

The study also highlighted a boom last year in gold coin sales and bar hoarding, particularly in Japan, China, Thailand and Vietnam.

According to GFMS, minting rose by 40 per cent in 2008 reaching a 21-year high.

Meanwhile, a hoard of 824 Iron Age gold coins crafted by the ancient Iceni tribe has been discovered in a field in Suffolk.

Until recently, the earliest known gold jewellery was believed to date from the ‘Sumer’ civilisation, which inhabited what is now southern Iraq, around 3000 BC. However, recent discoveries suggest that goldsmithing first began on the shores of the Black Sea, in what is today Bulgaria.

Articles displaying various techniques such as repousse, chain-making, alloying and casting have been found in ancient Egyptian tombs. The best known examples come from the treasures of King Tutankhamun, who died in 1352 BC. The Minoans on Crete produced the first known cable chain, still a very popular technique today, while the Etruscans of Italy developed granulation (decorating items with tiny granules of gold) in the 7th century BC.

Italy has remained at the forefront of the gold jewellery industry. The Italian Renaissance coincided with the discoveries of the New World sources of gold, and wealthy Italian patrons encouraged goldsmiths just as they did painters and sculptors.

The Spanish acquisition of South American gold, however, was achieved at the expense of the ancient heritage of pre-Columbian goldsmiths. These craftsmen were producing exquisite items as early as 1200 BC, and their art reached its zenith during the Chimu civilisation from the 12th to the I5th centuries AD, only to be stopped by the mass looting of the ‘conquistadors’.

Historically, gold was a rare metal, which only the wealthy could afford. But the gold rushes to California and Australia in the mid-19th century ushered in a new dimension of gold supply. They coincided, too, with the development of machinery for making chain and other articles, and of a much wider consumer market. In the 20th century, gold jewellery has become affordable for most people in Western society.

Important new centres for gold production emerged in the early 1990s, notably in Hong Kong, Singapore, Malaysia and Thailand, catering particularly to the rapidly growing market for ‘chuk kam’ (pure gold) jewellery in China, which requires several hundred tonnes a year. In Japan, jewellery fabrication for the domestic market has become a major industry, using around 100 tonnes a year.

Attitudes to jewellery still vary throughout the world. In the industrial countries, for example, gold jewellery is primarily a fashion item. But in the Middle East and much of Asia, gold ornaments are seen equally as investment; 22 carat articles are bought on a low mark-up of only 10-20 per cent over the gold price of the day, and can be traded in at a profit if the price rises or, as is more often the case, for new articles.

The importance of jewellery to the gold mining industry cannot be under-estimated. Between 1970 and 1992 around 65% of all gold available to the market was used in jewellery, and from the late 1980s into the 1990s, it absorbed much of the rise in production. Since 1991, over 2,000 tonnes of gold has been used annually. The continuing success of the mining industry is inextricably linked with the fortunes of the jewellery trade.