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New Gold For Bills Program Announced Today

Posted on: by Gregory Neilson No Comments

Vancouver Gold announces new “Gold for Bills” program
For Immediate Release
January 9, 2013

Vancouver, BC – Vancouver Gold today announced a unique program in the cash-for-gold market called “Gold for Bills”. Designed to help Canadians pay off their holiday bills, customers can use the value from their gold jewellery to pay off any debt through a 10% bonus credited directly to their billing company.

Individuals can bring in any type of bill and their unwanted gold jewellery to any one of the company’s locations to receive the bonus. While the program requires that the bonus be credited directly towards a bill, customers may choose to have any amount, up to the full value of their payout also credited to their bill.

With Statistics Canada’s announcement that Canadian household debt has risen to record-highs, up to 165% of annual disposable income (Statscan – Dec 13, 2012), it’s clear that many people will have trouble paying off their holiday bills.

Cashing in old gold jewellery has always been a popular way to pay off bills, says Charlie Pollock, CEO of Vancouver Gold; while Gold for Bills helps to make the process easier and even more profitable for those customers.

The Gold For Bills promotion runs from today until January 31, 2013 and cannot be combined with any other offers.

About Vancouver Gold:

Founded in 2009, Vancouver Gold and its subsidiaries are among the leading precious-metals refining companies in Canada. With 12 offices serving Vancouver, Victoria, Calgary, Hamilton, Toronto, Kingston, Ottawa and Halifax, and a nationwide mail-in program, the company has grown to offer a broad range of gold and silver refining services to all Canadians.

Contact
To learn more, please contact:
Gregory Neilson
254 West Broadway, Vancouver, BC
1-888-682-5832 ext. 105
gregory@canadagold.ca

Gold Prices Fall as US Fed Waits on Improving Employment

Posted on: by Gregory Neilson No Comments

The US Federal Reserve’s Federal Open Market Committee (FOMC) has maintained its ambiguous, open-ended outlook after its meeting this week. The FED has stated that employment will provide the main source of direction for its quantitative easing program unveiled last month.

What this means is that, while the unemployment rate in the US is going down, it has some ways to go before any substantive changes will be made to the monetary policy. How much will it have to go down? Again, more open-ended statements, the FED says it will have to improve “substantially” from its current 7.8%.

FOMC Statement From Oct. 23-24 Meeting

This spells continued unrest in the markets leading up to the November Presidential election as Romney has stated that Bernake will be out of the FED if he is elected.

Look for gold prices to continue to fluctuate leading up to the election and then take a decisive turn depending on who is elected. We’ll be watching closely and offering more updates in the days and weeks ahead.

Gold Prices at a 5 month high! Will Gold climb above $1,700/ounce?

Is the end in sight for gold? Or will the price for gold just keep climbing in 2012?
The Wallstreet Journal reports – “Gold futures for December delivery (US:GCZ2) rose $9.60, or 0.6%, to $1,697.20 an ounce in electronic trade on the New York Mercantile Exchange.” We’re only a toonie and some loose change from seeing gold climb above $1,700 an ounce!

It seems that there are a lot of different events occurring or pending that may continue to stimulate gold to even greater heights. Some of the factors identified in the article include:

  1. Increased cash printing by the Fed, causing investors to safeguard against inflation by buying more gold.
  2. European Central Bank meeting
  3. U.S. non-farm payrolls report due Friday, Sept 7, 2012
  4. China’s manufacturing activity fell more than expected recently, causing speculators to think the Chinese government may prop up economic growth by investing in more gold.
  5. Ongoing strike conditions involving approximately 12,000 workers at the Gold Fields Ltd.’s (US:GFI) KDC mine in Johannesburg

All of this would seem to indicate that the precious metal could be on the rise yet again. If I had some gold that I wanted to sell, I’d probably wait to see how things progress in the next few days. How about you? Are speculators just attempting to make something out of nothing or will the price for gold just keep climbing? Share your opinion with Vancouver Gold below!

As reported by the Wallstreet Journal:
http://articles.marketwatch.com/2012-09-03/markets/33556749_1_gold-futures-gold-prices-payrolls-report