Gold is going up
Do you remember the financial crisis we suffered in the early 80′s? I was rather insulated from it all myself. I guess I was one of the lucky ones. I had a really good union job that was pretty darn secure and paid well. My hubby was also working at a lucrative job at a rare coin dealership where they bought and sold rare coins and stamps. Anyway, there was a big financial melt-down going on where people were trying to Sell Gold Jewelry for Cash to the place where he worked.
He was working a lot of hours, and told me that it was amazing how many people were bringing in their trying to Sell Gold For Cash because they had heard that the price of gold was going up so high that they could make a lot of money from it. I can remember him coming home and asking me to go through my jewelry box and handing over the gold jewelry that I no longer wanted so he could sell it too! I remember his boss paying me a couple of hundred dollars one day to drive huge bags full of this scrap gold to another city four hours away for him to resell it to them so they could melt it down.
What was really nice was that if an exceptional nice piece of jewelry came in my hubby would buy it for scrap value and bring it home and give it to me. I managed to get a few nice pieces that way!