People cashing in on higher gold prices
With the price of gold hitting $1,000 an ounce in futures trading Thursday, many people have started selling some of their unwanted jewelry pieces.
Retailers are happy to welcome a sea of jewelry sellers at their outlets. Feldman Jewelers in Franklin, which has been running ads offering to buy unwanted gold and diamond jewelry, has seen an increase in the number of sellers matching the spike in gold prices.
Owner Niki Volmrich said the number of sellers selling jewelries such as gold necklace, gold rings, gold earrings, gold bracelets, diamond rings, diamond bracelets and other jewelry pieces have gone up.
“The rush is more than normal,” she said. “With all the hype about the price of gold, we had about half a dozen in yesterday and that many again today.”
Her husband and Feldman Jewelers co-owner Doug Volmrich said he remembers similar gold prices only once before.