Gold Prices at All-Time High, Mortgage Rates at All-Time Low Need a Larger Down Payment?

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Los Angeles, CA, August 5, 2010 — At the close of business last Friday, two unusual things were taking place. The price of gold reached an all-time record high of $1,255.70/Ounce and new home Mortgages were carrying the lowest interest rate ever. This is a rare opportunity for many people who can qualify for a new mortgage but need more cash for their down payment than they have. That’s where Cash for Gold Co comes in!

According to Joe Montes, president, “Yes! Mortgage rates have bottomed out but it’s not easy to get one from the banks. In many cases, this requires a pretty-significant down payment, more than a lot of people can come up with. This is a good reason alone to go through your jewelry boxes, coin collections and safe deposit boxes to come up with precious metal items you can turn into fast cash. And don’t overlook Sterling silver including heavy flatware services and serving pieces that are rarely used. All these items can give you enough cash for that down payment the bank wants.”

Cash for Gold Co heard from several sellers late last week that were in exactly this spot: The bank was willing to write them a new, low-rate mortgage, but also wanted a very-sizeable down payment. They turned to Cash for Gold Co as a solution that would make getting that new home a reality.

Cash for Gold Co buys gold, platinum, silver and also diamonds larger than 0.5 Carats. It can be in the form of jewelry of any age, type or condition; precious metal coins, nuggets, bars, etc. It doesn’t matter when it was manufactured or where either.

Cash for Gold Co Pays the Highest-Possible Percentage of Actual Value!

Cash for Gold Co determines value based upon an assay and the current spot market price for the precious metal at that time. The resulting amount represents 100% value for each item sent. Once that figure has been determined, the company pays the seller “the highest-possible percentage of actual value which is 100% less a modest deduction for company overhead and a small profit.” It is the highest and fairest payment method available from any Internet buyer today. Full details about how the company operates and what they buy can be seen at their website: http://www.cashforgoldco.com.

Other press releases from Cash For Gold Co

• Selling Precious Metal Jewelry Will Be a Real Problem Solver When Extra Cash is Badly Needed - August 1st, 2011
• High Insurance Coverage for Property in Transit is Important - July 27th, 2011
• Learn to Tell if Your Jewelry is White Gold or Platinum - July 25th, 2011
• Protect Yourself When Selling Precious Metals to Internet Buyers - July 25th, 2011
• Cash For Gold Customers Ask: What is ‘Black Hills’ Gold and is It Valued Differently? - February 4th, 2011