Money for your gold

By Lakecia Shockley - bio | email
Posted by Ellen Krafve - email

LONGVIEW, TX (KLTV) - We visited one gold store who was so busy with customers we had to wait, just to get an interview. Here is how all that glitter is putting money in peoples pockets...

"This is the $20 Saint Gaudens gold piece," Julie Becker shows the coin to me.

Call it a gold rush. From gold coins to diamond rings...

"This one is a little more dated than the first one," said Becker picking up a ring. "You would probably be looking at about 1,000 on that."

At the Coin Investor shop in Longview, business is booming.

"We're buying an awful lot of old gold bracelets, necklaces, and dental gold," said Becker. "We're selling as much as we're buying. Which is a nice thing."

Right now, experts say one ounce of 14 karat gold could value between $250 to $500. And with payouts like this, and an uncertain economy, customers are taking advantage.

"There are people that are feeling the squeeze in our economy and so they're selling to make up or maybe they've lost a job," she explained. "Spring break is coming I had someone they came in and sold some old gold because they wanted to send their child on a spring break trip."

Others are taking the money and putting it down on more precious metal, saving it for their next rainy day.