Cash For Gold Involved in Trademark Lawsuit

Cash for gold company filed a complaint  with the  Federal District Court in Los Angeles recently, alleging trademark infringement over the use of the term “Cash 4 Gold” by a competing business.
Trademark infringement is not something to be taken lightly. Luckily here in the US, we have a governing body called the USPTO. The first company to register a trademark legally, should rightfully be able to protect their intellectual property.

Gold Drops to 13 month low

Is the wild gold rush of the past year over? Today, gold dropped to a new 13 month low, below $700 an ounce. For people who want to cash in and sell gold, its likely that they’ll be getting substantially less than they would have if they were to sell their unwanted gold jewelry a few months ago.

However, with as volitile as the stock and commodities markets have been in the last few weeks, gold value could be an all time high again in no time. Waiting the market out to get even more cash for gold might be a good thing.

Post Office in India to Sell Gold Coins

India Post, country’s postal services will now start selling 24-carat gold coins across 100 post offices in four states – Delhi, Maharashtra, Tamil Nadu and Gujarat. The sale will be further carried to 155,000 post offices across the country, depending on the response of consumers.

Today gold has emerged as a preferred asset over other asset classes that are witnessing value erosion.

Here in the US, if post offices started selling gold coins, I would take them right to an online pawn shop and get cash.

Gold drops below $800 this week

Gold sank to 1 month lows on Monday of this week.  The stronger dollar typically weighs on gold, which is often bought as an alternative investment to the U.S. currency. Weaker oil prices, which tumbled more than $5, are also undermining the value of gold and appeal as an inflation hedge.

Traders say they expect more rate cuts from the U.S. Federal Reserve. While in the long term any economic stimulation is likely to pressure gold, analysts say in the short run it would boost the appeal of noninterest-bearing assets like bullion.

Read the full story from on Forbes.com

Is Selling Jewelry to a Pawn Shop Safe?

Many people are rummaging through their closets and finding old jewelry  they haven’t worn and running to the pawn shop. But is it safe? Generally speaking, pawn shops are not always in the best part of town, depending on where you live. Rather than risking your life (potentially) you might want to try an online pawn shop. Online pawn shops have a simple process:

1) You fill out a form
2) They mail you a “kit” which is basically just a prepaid envelope (be sure to ask what the insurance is)
3) You mail your jewelry to said pawn shop
4) They mail you a check

Remember, when selling jewelry to a pawn shop don’t expect to get the market gold value, which fluxuates daily.

Put Your Money in Gold – Safe Investment?

With the stock market in turmoil, many people are taking their money out of stocks and putting it into precious metals such as gold and silver. While the stock market has lost about 40 percent in the last year, gold is selling for $850 an ounce and trading within 15 percent of its highest price ever. Pawn shops and gold coin sellers are having their best year ever.

There are a lot of scammy websites out their, just make sure you do your own research when you want to sell gold jewelry.