As stocks continue to spiral down the price of gold is heading up, way up.
The price of gold is at an all time high making it a good time to get more green for your gold.
Amid the threatened economy and plunging stock market, the price of gold shot up past 17-hundred dollars an ounce for the first time ever.
Jon Langsleth, manager of The Gold Guys, is optimistic: "I mean there’s good and bad with everything and the economy and sometimes we hear just about the bad, but this is the good."
Good for those wanting to score some cold hard cash for their unwanted precious metals.
Waikiki resident Debbie Stanley took up this offer: "Its just things that were sitting around that I wasn’t wearing at all. I just felt like it was time to get rid of negativity in one ring and take things that I really wasn’t using."
Many are seizing the opportunity to cash in and smiling all the way to the bank.
"It’s been busy, it’s been kind of exciting to see these markets go up like they have,” remarks Langsleth, “we often get the bangles, and the Hawaiian jewelry, the Hawaiian bracelets, things like that."
And it’s not just gold—silver and platinum prices are also surging.
“Right now, spot price is 17-hundred and 18-dollars—that’s for 24 carat pure bouillon gold. And so silver is close to 40-dollars we also purchase platinum which is also 18-hundred dollars so things are very high,” explains Langsleth.
Experts say the price of gold has steadily climbed over the past couple of years and this is directly related to stocks and the economy—meaning when currency goes down, gold value goes up.
"It couldn’t be a better time to bring it in,” concludes Langsleth, “this is an all time high; it’s never ever been this high."
See the original article at: KHON2 Local News
