How to get the best price when selling your gold

Source: Sandra Block, USA TODAY

If there's any upside to the rancorous debate about the debt ceiling, it's this: That ankle bracelet gathering dust in your jewelry box is worth a lot more money now than it was a few months ago. Fears that the nation will default on its debts has pushed the price of gold to $1,616 an ounce, up 18% since the beginning of the year. That's prompted a lot of hard-up consumers to earn extra cash by selling unwanted jewelry. Consumers interested in selling their gold will find no shortage of buyers. Gold-buying kiosks are popping up at malls across the country. Many jewelry stores, pawn shops and online dealers pay cash for gold. Gold parties allow participants to meet their neighbors and go home with a check.

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money, financial, investing, consumer information, congress, economy

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