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By Christine McCarthy
WACO- An unstable stock market is driving investors to buy up gold as a safe place to put their assets, and Central Texans are taking advantage of the now soaring price of gold.
"It's a great time to sell this. With everything going as high as it is right now, you never know when that bubble's going to burst... Personally I'm going to cash in," says Chris Wann, show manager of the International Coin Collectors Association.
Alice Powell is trading in her grandfather's coins and old high school rings at a time when gold is at $1789 per ounce.
"I would like for it to pay for my trip to Cozumel. And then I'm buying a trailer home. So we're talking big bucks," Powell says.
Meanwhile, Dave Carlisle, manager of Cowtown Gold Exchange, says many of his customers are selling their sentimental items just to pay the bills. One customer yesterday took advantage of the high rates to get some quick cash.
"He called and said he was almost out of gas and needed to sell some stuff to get some gas money. So times are tough. People are selling whatever they got," Carlisle says.
He says business is up 60 percent, with an average of 30 to 35 customers coming in a day. Just two months ago, there were only 10 to 15 people a day.
Carlisle dished out $725 to a customer for her collection of jewelry that he said would have brought in $300 to $400 last year.
Gold is a very good investment. It can really take you somewhere.
ReplyDeletesell gold jewelry