Why a gold home party? This is a question I seem to get quite often...from potential party hosts, individuals, even the media. The answer is always the same...why not?!
The question isn't "what other home party can you go to and not spend money?" The question is - "What other home party can you go to and potentially leave money!?"
For decades women have been hosting parties in their homes, inviting their friends and family over. Personally, I've been invited to dozens of parties: Tupperware, Clever Container, Southern Living, Creative Memories, Lia Sophia, Silpada, Stella & Dot, Pampered Chef, Tastefully Simple, the list goes on and on. At all of these parties I've enjoyed catching up with my girlfriends, sharing a glass of wine (or two) and purchasing items I may (or may not) have needed.
This time, invite your friends over for a different type of home party. Follow all the same steps as usual (invite your friends and family, have some snacks, maybe even some wine, catch up on the latest gossip) Host a gold party for your friends today! They'll be glad you invited them!!
Contact a My Gold Party Representative on our website today!
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How low will gold prices spiral to when the bubble bursts? |
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Gold is a very difficult asset to call. People bought gold when the world economy was riding on the commodity boom and they also bought gold as the financial system crashed and burnt in 2008.
With gold hovering at USD 1100 an ounce, is it time for the gold bubble to burst? And if does what's the bottom for gold? Our take is it will settle at USD 700 an ounce, the five year average for the gold metal.
Analysts agree that gold will eventually fall but how soon that will happen is anyone's guess. Sanjiv Arole a Mumbai-based bullion analyst says, "Eventually gold prices should come down. But putting a time line is difficult. In 2010 gold prices will rule around USD 1200. Gold touching USD 700 from here onwards will require a lot of change in the world economy".
Illustration: Abhijeet Kini
The world economy will have to improve. Drastically. The US growth rate needs to double at 6 percent, the world economy needs to grow at 2.5 percent and developed world stock markets need to grow by 50 percent in the next year.
Once that happens prices may slowly start to fall to 2007 levels (USD 695). But there are some who believe that oil prices can bring in a lot of inflation from now. And gold is the best hedge the world has.
Some even see the price go to around USD 2500 in the next two years. "Gold prices will remain high. The world is not out of trouble and inflationary pressures cannot be ignored. So there is enough reason to see that gold prices will move up from here. Blame it on the US, it has too much trouble to handle and gold is an alternative currency," says Viren Mehta, head of financial services at Ernst and Young.
Others say such a scenario is unlikely because people in India and China (the biggest consuming markets) will simply stop buying gold due to high prices.
Devendra Nevgi, partner, Delta Global says, "Gold prices are likely to be volatile driven more by the US Dollar and the present world economic outlook. If we roughly calculate the current value of above the ground gold stocks of 160,000 tonnes, it comes to around USD 6.5 trillion, whereas the US Dollars in circulation in the world is around USD 60 trillion. So is gold undervalued or the US dollar?"
The total value of gold in the world is USD 6.5 trillion that is 10% of the global GDP. Global equity market capitalisation works out to USD 46 trillion. Historically asset bubbles are deflated by policy makes through excessive supply of money or the asset itself. Gold supply is limited. This is one bubble that will be difficult to prick.
By: Pravin Palande/Forbes India
Source: http://www.moneycontrol.com/news/business/how-low-will-gold-prices-spiral-to-whenbubble-bursts_439726.html
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We would like to commend this gold company on their efforts to help the people of Haiti. (Please see the story below) We are encouraging anyone who would like to raise money for Haiti to get in touch with a My Gold Party rep in your area to set up a gold party fundraiser today! Our experienced reps will assist you in selling gold at a home party or in any business location. Please click here to find a rep in your area today!
Feb. 2 ‘Gold Party' to benefit Haiti fund
Published: Jan 29th, 7:12 AM MADISON - The public is invited to drop in between 5 and 7 p.m. Tuesday, Feb. 2, and join members of Curves of Madison, a workout and weight management facility at 71 Kings Road, for a "Gold Party."
Guests are asked to bring their old gold - old "add a bead" necklaces, broken earrings, leftover pieces from the old days, unwanted and unused. A licensed gold buyer from Golden Girls LLC will test and weigh the gold, and pay the owner on the spot.
Visitors who aren't sure about what type of gold they have are encouraged to bring it anyway, and let the Golden Girls gold buyer test to see if it is 10K, 14K or even 24K.
A portion of the Golden Girls' proceeds will benefit the American Red Cross Haiti Earthquake Relief Fund. The donation will not affect how much money sellers will receive for their gold.
Source: http://www.recordernewspapers.com/articles/2010/01/31/madison_eagle/news/doc4b61b14d4846a597628045.txt
It seems everyone is feeling the squeeze of a tighter budget, even schools. Why not have a gold party fundraiser? Whether you choose to have a home party or a gold party at your school, either venue can benefit your school. Students, teachers and parents alike can sell gold to earn money not only for themselves, but their school, too!
Click here to find a My Gold Party Representative in your area and set up your school's fundraiser today!
Forget the Cupcakes, break out the gold for that school fundraiser
By: Eric Louie
SAN RAMON - Pouneh Lashanlo went to California High School last week looking to sell four gold necklaces. She sold one, walking away with $11, but she was satisfied.
She got rid of an old piece of jewelry, helped out her daughter's campus and took part in a new trend - all while waiting to for an after-school pickup.
"It's just little chains," said Lashanlo, who had no idea what they were worth beforehand.
Besides the one she sold, two were rejected, but she decided to keep the fourth as an investment. "I was picking her up, so I figured (I'd) stop by and see what I get."
The down economy and high price of gold - currently more than $1,000 an ounce - has created a boom in precious metal sales, drawing people who have never sold gold into the marketplace. TV ads promise payouts for gold via the mail and home parties invite guests to bring old jewelry to cash in. Now, gold sales are the latest in school fundraisers.
Susan Treb, doing the buying last week at California High for Aurum Strategies, does most of her work at home parties, where guests bring gold to sell and 10 percent of sales go to the host. She said others are now finding the same arrangement useful for school fundraising. Besides the California High fundraiser, her business has held a similar event at an Antioch elementary school.
"In this economy, it's been a huge success," Treb said. "There's a lot of money with a little gold sitting in your drawer."
Treb said most sellers don't know what their jewelry is worth, they just want to get rid of it. Sometimes it's because a piece is out of style or because it is broken and would cost more to fix than its worth. Her tools include an acid to determine karats, and a scale.
At California High, Treb said, the fundraiser was advertised around school and held over two days in the school's library, drawing about a dozen parents who came in by appointment.
One father, organizers said, brought in chains, rings and bracelets thinking they were worth about $600 - he got $1,500.
Treb, a hairdresser from Walnut Creek, started buying gold last year, and averages two parties a week. Through such functions and a mutual friend she met Marian Spalding, an teacher in the San Ramon Valley school district who was fundraising for Grad Night at California High, where her daughter attends.
Spalding said organizers for grad night - an all-night party intended to keep kids safe on graduation night - decided to give the gold sale a try. People can sell their gold, businesses like Treb's get customers, and the school gets a cut. "It's a win-win," she said.
Spalding said the gold fundraiser made about $450. In comparison, another fundraiser, that had restaurant customers bring in a flier so a portion of meal sales would go to the school, brought in about $250.
Treb said the amount that can be made varies. She says she attended one home party with only a few people, but ended up buying $4,000 in gold.
Jim Collogan, executive director of the National School Foundation Association, said he had not heard of gold sales being used as fundraisers, but said businesses have long joined schools to give back a share of their profits.
"It's interesting. There's always something new," he said.
Source: http://www.contracostatimes.com/ci_14298744?source=email
I came across this article on the Internet today - I think the message is in-line with My Gold Party's philosophy - "Sell it!" If you are looking for a place to sell gold and earn some extra cash, simply click here.
Another great way to earn money and have fun while doing so, is to host a home gold party. Gold parties are a great excuse to get together with your friends! To see if there is a My Gold Party rep in your area, click here.
Jennifer Winslow wanted to earn some extra cash without giving up the flexibility of working part time.
An avid cook, she and a friend initially planned to cater meals for busy families. When that turned out to be too time consuming, she tried baking. More than five years later, she has a thriving bakery business in Winslow, Maine (her husband's family has been in town a long time).
Now on her own, she supplies four restaurants with cakes and other sweets and makes desserts for individuals and weddings.
A growing number of Americans would like to follow Mrs. Winslow's example. Job loss, tighter credit and a renewed appreciation for savings is persuading more people to cut expenses.
But you can cut only so far. Two full years of recession have not left many unexamined family expenses. Meanwhile, prices -- from gasoline to utilities to food -- haven't fallen. And incomes, if you still have one, aren't exactly shooting through the roof. It's time to make some money.
Fortunately, there also are many ways to earn extra cash even when full-time jobs and extra shifts aren't an option. They include taking in boarders, starting a small business and getting paid for your opinion. Some of this work provides only a free meal and $10 fee but others, such as tutoring or selling Grandma's diamond broach, could be quite lucrative.
The key, according to Gail Cunningham, a spokeswoman for the National Foundation for Credit Counseling, is to "find your skill or what you think would be fun to do." She says, for example, someone with computer skills may want to teach a class, install computers or create Web sites.
"Think about what are people willing to pay for," says Ms. Cunningham. "Who do you know and how can you leverage existing relationships." For example, does your dentist need someone to clean the office or does your accountant need someone to cater the Christmas party?
1. Sell It: One of the fastest and easiest ways to get extra cash is to sell unwanted and unused stuff. And it's never been easier to make hundreds or even thousands of dollars. You could post a few signs in the neighborhood and sell everything at a Saturday garage sale or you could try the online route with services such as eBay or Craigslist.
Linda Lightman first tried eBay more than 10 years ago because she wanted to help her sons get more for their old videogames. It was so easy that the former lawyer started selling her old suits. Then, friends asked her to sell theirs.
Today, shoplindasstuff.com has 50 employees and expects to reach $7 million in sales this year on eBay. "The economy has been the perfect storm for my business," Ms. Lightman says. "More people need cash, and more people are looking for bargains."
Auction houses also are a popular place to sell potentially valuable items. Alexander Eblen, head of the jewelry and fine timepieces department at Leslie Hindman Auctioneers in Chicago, says people often don't realize the value of an old watch or grandmother's Art Deco jewelry. For example, a Tiffany broach recently sold for about $68,000.
Don't overlook some of the more mundane items, such as books and sports equipment. Many bookstores provide cash or store credits for "gently" used books. Similarly, stores like Play It Again Sports provide cash and store credits for gently used sports equipment. Check with local stores but they often need golf clubs, ice skates, lacrosse equipment and other gear.
2. Rent It: Your home, probably your biggest asset, is a potential source of extra cash. A growing number of people are renting out a room or grabbing a roommate for extra income. It's less difficult for residents in "destination" locations near colleges, resorts or cities to rent a room or even the house for a few weeks, months or long term.
Some homeowners prefer using a real-estate agent, others like finding renters themselves, online or through friends. Either way, it's crucial to vet the potential tenant and spell out expectations. Rents vary from a few hundred dollars to thousands in large cities.
Another option that's a longtime favorite of students and young adults is earning extra cash for house and pet sitting.
3. Say It: Many businesses are willing to reward individuals for taking opinion polls, testing products or being a secret shopper. The compensation varies, and it's crucial to avoid scams. Work only with reputable companies and avoid anything that requires a membership fee. One place to start is OpinionPlace.com, which lets poll participants choose Amazon.com gift cards, PayPal credits or American Airlines AAdvantage miles. There also are stores such as CVS, whose Advisor program provides consumers who complete surveys with ExtraBucks coupons.
People won't make much but they might have fun working in a focus group or evaluating products or services as a mystery shopper. Once again, watch out for scams. Don't pay any fees or respond to unsolicited emails. A good place to start is Volition.com or Mysteryshop.org, the Web site for the Mystery Shopping Providers Association.
4. Do It: One of the best ways to earn extra cash is by creating a business using existing skills and interests. An artist may teach a class, a photographer may do weddings and a sports enthusiast may referee or caddy.
"What are you volunteering for that you could get paid for?" asks Ms. Cunningham. She says it could be as simple as getting paid for office work or watching your child's classmate after school.
One of the most popular and lucrative part-time jobs is to tutor, either for a college-prep class or a specific subject. Typical pay ranges from $30 to more than $100 an hour, depending on where you live.
Mrs. Winslow always loved to cook. "People would always ask me if I could bring the dessert if I was going somewhere for dinner," she says.
A master at multitasking, she works about 20 hours a week for Jennifer's Edibles. Her advice: "Start small and do things that are manageable. Don't get so overwhelmed that you want to quit."
Source: http://customsites.yahoo.com/financiallyfit/finance/article-108664-3951-1-how-to-make-extra-money?ywaad=ad0035
Every quarter at My Gold Party we have a drawing for a $50 Cash Gift Card. Every month we email out a questionnaire to people who have hosted a party with us. We are simply looking for their feedback on the gold parties.
We are pleased to announce that Nancy in CA is our big winner for the 4th quarter of 2009! Congrats to Nancy!
If anyone is interested in hosting a gold party with their family and friends please call or email us today! 888-44-MYGOLD
If you do not see a rep in your area and would still like to sell gold, please click here. Once we receive your information we will mail you out a scrap box. Fill it with your old gold and mail it back to us. It's that simple. Once we receive your gold, we will test and weigh it - we then email you a quote and wait for your response.
Host a gold party or sell gold with My Gold Party today!
Did anyone happen to catch either The Today Show or Good Morning America this morning?
On Tuesday of this week Rep. Weiner introduced the Gold Act legislation. He proposed 3 important items:
1. The gold companies are to notify customers of their offer amount.
2. The Individual has 12 days to accept or reject before the items are destroyed.
3. If the offer is not accepted, the gold company is to insure the package back to the customer.
Great News about My Gold Party's Procedures: We have done the following since the company was founded:
1. Emailed a gold quote to the customer once the package was received, tested and weighed. We then wait to hear if the quote is accepted or rejected.
2. Once accepted, then the check is mailed out. If the offer was not accepted, we insured every package that was sent back.
3. Michigan (which is where we are based) law states that we must hold the gold for 10 days. We do not melt until after the 10-day holding period.
Looking forward to seeing what happens!
A question I get asked quite often is - "What is the most interesting piece you have ever purchased?" Or "When people sell gold, what is the craziest piece you have ever seen?"
Many of you may have seen the news piece from Good Morning America where I talk about the dentures I purchased from a customer. These dentures were willed down to her - And she was in turn willing them down to her granddaughter. Instead of passing the dentures down, she thought she would turn them into something useful!
Recently, (and this may not have the "wow-factor" the dentures had) but I came across a charm bracelet. Obviously this woman had been collecting charms for quite sometime. This bracelet had about 25-30 charms total! She collected them on her many travels, received them as gifts (for birthdays, anniversarys) Some even pertained to her job - she displayed on the bracelet an adorable little typewriter. The customer wanted to give this bracelet and her other gold jewelry to her daughters. Unfortunately, none of them wanted to wear any of it...They told her to sell the gold and do something she would enjoy with the money.
I wonder what she did end up doing with the money...?
I hope it was another great trip somewhere!
If you are interested in hosting a party or selling gold - please contact one of our representatives or call us toll-free at 888-44-MYGOLD.
Have a wonderful Thursday!
A quick update from My Gold Party. We have wonderful news! We now have representatives in the following areas:
Judy in Shorewood, IL
Sandy in Deer Park, IL
Christopher in Dorchester, MA
Gaye in Cedar Park, TX
Nancy in Trego, WI
Click Here to host a My Gold Party in your area. They are fun and profitable!
No rep in your area? No problem! You can sell gold direct to us. Simply Click Here and fill in the form. If you don't have a representative in your area this is a perfect time to start this business yourself! For more information on starting a telecommuting job Click Here.
Cheers!
Sold on gold
Parties invite guests to sell off their old jewelry
By KRISTINE HANSEN
You won't be guilt-tripped into buying another spatula or Tupperware in a rainbow of sherbet colors.
At this party, the idea is to make money.
With gold prices going strong, gold parties - in which an appraiser evaluates jewelry brought by guests to a private home party - are popping up around the country. Guests who sell their gold are paid by check at the party, based on that day's gold price, and the jewelry is shipped off to be melted down.
"Last year when we started this business, gold was around $750 an ounce. Now it's hovering at just above $1,000 an ounce," says Carole Ross of Elm Grove, who with her husband, Ed, co-owns Aqua Owl Gold (Slogan: "Have a hoot, get some loot").
Many people, she says, prefer the familiar setting of a friend's home to a pawn shop or the big gold shows, such as the four-day event running through 6 p.m. Saturday at two area hotels, the Crowne Plaza Wauwatosa and Radisson North Shore in Glendale.
Her own bash
After Rebecca Steffes, a salon owner in Glendale, attended a gold party organized by Aqua Owl Gold, she began planning her own. She invited 20 of her friends over, poured wine and served appetizers. The Rosses brought their appraisers' gear: scale, laptop computer, strong magnet, acid and electronic gold tester, loupe (a magnifying glass for looking closely at jewelry) and pliers (to remove gemstones).
Steffes had seen infomercials about mail-order gold-buying companies but was skeptical.
"I thought, 'How can I send jewelry in an envelope to some random place, and you don't even know how much they weighed it for?' "
However, gold parties require caution as well, says Susan Bach, director of communications for the Wisconsin Better Business Bureau. The bureau advises that if you're planning on attending a gold party, you should first take your gold to a local jeweler for an appraisal, so you'll know whether the gold party representative is offering you a fair price.
Bach says no certification is required to buy gold, and the amount of training for the appraisers depends on the company they're working for. As for consumers, she says, once they've sold their gold, it's gone.
In the past year, the Better Business Bureau has had 416 complaints against gold, silver and platinum dealers nationwide, up from 161 complaints the previous year, according to Bach. The figures don't distinguish between at-home gold party dealers and big, well-known companies in the industry. Neither Aqua Owl Gold nor My Gold Party has had any complaints with the BBB.
No spiel
Unlike other home parties, where guests listen to a presentation, "We don't do any big spiel," says appraiser Carole Ross. "The party just happens around us. When they're ready, they can sit down with us and we'll look it over."
Kim Nernberger of Butler hosted a gold party last month with Aqua Owl Gold. She served mimosas and snacks to her teacher colleagues and friends on a Sunday morning. She also sold three rings for $100.
After viewing a piece on MSNBC about gold parties, Lindsay Lamm of Sussex visited the Web site for My Gold Party, a Michigan-based company, and signed up to be a representative. She's been organizing parties in southeastern Wisconsin since March.
"It's fun because people ask each other, 'What did you get for yours?' and usually people are pleasantly surprised," Lamm says.
Many of Steffes' girlfriends sold jewelry given to them by former boyfriends.
"This way you can take the money and buy something you really want," she says.
Source: The Milwaukee Wisconsin Journal Sentinel
http://www.jsonline.com/entertainment/69415797.html