EBAY CASH IN GOLD NOW !!!!

Online sellers look to cash in as gold price peaks

eBay has been deluged by people attempting to sell their gold in recent days, as the price of precious metal has reached a new peak.

The internet has been a-buzz with stories about a new 'gold rush', as prices have hit several successive all-time highs of as much as $1,925 per ounce, the equivalent of £1,177.

People have been rushing to sell not just gold, but other precious metals in such numbers that eBay has been deluged by people trying to get rid of articles made from the precious metal both by auction and through 'buy it now' fixed-price sales.

Anthony Delvecchio, vice-president of business management and strategy for eBay North America, told Zippycart.com that people were looking to avoid share and money market turmoil, and continue to make good returns, by cashing in the value of their gold possessions.

Gold has almost doubled in price in the past three years, and is currently approaching $1,800, or just over £1,100, an ounce. Some analysts believe it could reach $2,000 before the end of the year.