Obama could make $25,000 for gold necklace gifted by Saudi King Abdullah

June 6th, 2009 - 1:06 pm ICT by ANI  

Barack Obama Washington, June 6 (ANI): U.S. President Barack Obama could have gotten as much as 25,000 dollars for a gold necklace he was given as a gift by Saudi King Abdullah, says a company that recently ran a super bowl ad about its “send your unwanted gold for cash” scheme.

Cash4Gold.com revealed its estimation of Obama’s necklace by issuing a press release.

“Assuming the necklace and medallion are crafted of solid 18K gold, the company estimates that the Order of Merit contains as much as 25,000 dollars worth of gold,” CBS News quoted the company as saying in the press release.

The company, however, conceded that it would not be a wise move on Obama’s part to mail in the necklace to be melted down.

“Considering that the piece confers Saudi Arabia’s highest honor on President Obama, and that it was bestowed personally by the King on the President as part of an historic and widely reported Presidential visit, the symbolic value of the piece most likely surpasses its melt value,” the release added.

But it still said that it was time when people should utilise the marketing opportunity to their benefit.

“I do not expect that President Obama will mail his King Abdul Aziz Order of Merit to Cash4Gold, but if the Obamas, or if any other Americans want to tap the value of old or broken gold jewelry lying around the house, now would be a great time to send it in to Cash4Gold,” said Cash4Gold co-founder and Chief Executive Officer Jeff Aronson.

Presenting the necklace to Obama earlier this week, Abdullah said: “Those are only given to the very few friends of the king, and you are certainly one of those.”

Obama responded: “Goodness gracious. That’s something there.” (ANI)

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