21 Apr
The Great (Used) Gold Rush of 2009
Economically battered Americans at all income levels are rooting through their drawers to sell off their gold and jewelry for extra cash
The great gold rush of 2009 is on. In February, the spot price of gold peaked above $1,005 per ounce for the first time in a year. While gold prices have fallen off a bit and are now hovering at $870, gold still shines in comparison with other investments. “There’s something primal about jewelry,” says Karen Keane, chief executive of Skinner, the Boston auction house. “We know there is a relative rareness for gold and diamonds. People have been collecting them as an investment and hedge for centuries.”
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