5.07.2008 - 06:40pm ET

(CSRwire) LOS ANGELES, May 7 /PRNewswire/ -- Capital Gold Group, Inc., premier provider of Gold IRAs and physical gold for direct delivery, donated solid gold bullion to The Reagan Golf Classic and Legacy Dinner benefiting the Michael and Colleen Reagan Scholarship Fund for sailors serving on board USS Ronald Reagan, the San Diego Navy League and the San Diego Armed Services YMCA.

In announcing the event, Michael Reagan noted that former President Ronald Reagan called San Diego his "lucky city" and ended all his campaigns with triumphant rallies here. "Dad loved San Diego and San Diego loved Ronald Reagan," he added. "We are especially honored to have the event in the city that serves as home to USS Ronald Reagan. Whether at home or deployed, these sailors are in my family's daily prayers -- as are all of the brave men and women serving our great nation in uniform."

The event kicked off with The Reagan Legacy Dinner at the Del Mar Fair Grounds, paying tribute to the military and look back at the life and legacy of Ronald Reagan.

Players participating in The Golf Classic's Fun Flight at the Coronado Municipal Golf Course were "Going for the Gold", actual 999.9% pure gold bullion, donated by Capital Gold Group for the winner of the charity event. Other prizes included two all expense paid trips to compete in the 2008 Mercedes-Benz National Championship in Kaanapali, Maui, Hawaii.

Other sponsors included Mercedes-Benz, Del Mar Fairgrounds and Thoroughbred Club, Las Vegas Sands Corp. (Venetian Resorts), Tri-West Healthcare Alliance, and Sullivan International Group.

Michael Reagan, the son of the late president Ronald Reagan, and his wife, Colleen, created the scholarship fund as a way to honor sailors serving on board the ship that bears his father Ronald Reagan's name. The USS Ronald Reagan is the 9th Nimitz-class nuclear-powered aircraft carrier and the first ship in the Navy to bear the name. The benefit is a tribute to the noble men and women serving our nation.

The scholarship fund augments the Navy Tuition Assistance program by providing financial assistance to USS Ronald Reagan sailors who are continuing their education or returning veterans in need.

Michael Reagan also recently announced the formation of The Reagan Legacy Foundation, a non-profit organization that will support the Michael and Colleen Reagan Scholarship Fund as well as other efforts including education and research on the history of the Presidency of Ronald Reagan and finding a cure for Alzheimer's disease.

The San Diego Navy League is a non-profit organization dedicated to educating citizens about the importance of sea power to U.S. national security and the need to provide meaningful support to those serving in the Navy, Marine Corps, Coast Guard and Merchant Marines and their families.

The San Diego Armed Services YMCA (ASYMCA) is a non-profit organization established in 1920 with the mission of supporting and enhancing the lives of local actively duty military members and their families -- Serving Those Who Serve America.

Jonathan Rose, CEO of Capital Gold Group, has been the featured gold commentator on "The Michael Reagan Show" syndicated national radio program for many years. He is also a recognized speaker for worldwide gold markets, including Hong Kong, Singapore, China, India, Hong Kong and Europe. Capital Gold Group, Inc. has main offices in Los Angeles and UK.

For more information please contact: