More people are taking advantage of a bump in the price of gold to turn their old jewelry into cash.
“I hear people saying times are hard and there’s bills to be paid,” said Richard DeBord, owner of the Santa Cruz Coin Exchange and a jeweler since 1975.
The price of gold hit $1,000 an ounce last February and March, then dropped to the mid-$900s and then to the $700-range. Now it’s back above $900 an ounce, sparking a gold rush. Read more about Feeling pinched, more people turn gold jewelry into cash …