Gold's Rally to Six-Year High Spurs People to Sell Their Old Tiffanys and Rolexes

From bnnbloomberg.ca

Fund managers aren’t the only ones feeling the tailwind from gold’s rally to a six-year high. Empire Gold Buyers saw business activity climb to the highest since 2011, when the precious metal traded at a record, CEO Gene Furman said. At House of Kahn Estate Jewelers, trading of old jewelry is up by almost half since last week, when the Federal Reserve signaled its openness to cut interest rates, propelling bullion prices higher, the company’s president Tobina Kahn said. Refiners and recyclers of the precious metal are riding the rally as investor interest returns to gold after years of languishing mostly below ... (full story)