Higher gold prices have people mining jewelry boxes

09.08.11

ST. LOUIS Woodland, Minnesota - A 4817 Excelsior Boulevard, golden hour emergency lasts all day.

"In general, it was busier," confirmed Dave Friedell cities Ringer Gold & Silver Exchange. "People are cashing in."

As stocks fell Monday, gold prices have reached levels relate, more than $ 1.700 an ounce.

Soaring gold prices mean Friedell and his associates are the contents of most jewelry boxes dumped their record sales, more traffic but also of another kind."We have investors who want to buy ahead of pure gold set aside because the more things will be even higher," said Friedel.

Ed Rouse Minneapolis - overpriced merchandise of gold - set a few hundred dollars to buy five pieces of silver instead. "My wife sells his routine while preparing," he said.

Evergreene Jewelers in Minnetonka was the preparation and - for some fighting. "Our inventory has changed dramatically," said owner Jerry Greene.

Source: KARE

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