Wednesday, February 25, 2009

here's something different

With gold selling for around $970 per ounce, some people are selling off their jewelry at gold selling parties. I found this story over at boingboing, and it seems like a good plan if you feel like you must dump your gold valuables (better than that $forGold scam). Apparently you can host a party and take a percentage of the sales and whoever buys the gold on site tests it and appraises it and pays out about 65% market value. Not bad considering the alternatives of pawn shops or other less than reputable buyers. Although considering some of the previous posts here regarding the artificial suppression of gold prices, 65% of a bogus price point doesn't sound so great. Gold has definitely been trending upwards over the last 10 years, makes you wonder what an unsuppressed price would be right now.

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