Gold prices are over $1700 an ounce

Did you know that yesterday in the wake of the US Government credit downgrade, gold prices soared more than $50 dollars an ounce Monday?

It’s now selling at more than $1700 an ounce that’s up 200 bucks from just last month.

Over the last few month’s we have seen a lot more people selling off old jewelry and taking advantage of these prices.

A colleague of ours in Kennewick, WA had this to say:

“I think people are realizing the little treasures in their home are worth a lot of money and they’re cashing in on that. Money’s a little tight so they realize they can supplement their income by selling a little bit of scrap gold or silver and getting quite a lot of money.”

Some analysts expect gold prices to continue to rise, possibly reaching $2,000 an ounce by the end of the year, so be sure to take advantage of these prices while you can.

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