Price of gold is rising so fast that the pawn shop in our area doesn't have a chance to re-ticket items before the weight of the gold is actually more than the asking price. I wonder if this is happening anywhere else?
The pawn shop is like the only place I'll buy gold now, because if regular jewelry stores in my area even HAVE it, the markup added to the price the scrap would be makes it unaffordable. Many jewellers in my area now only have gold in wedding sets. Everything else in the store is silver or else one of the new metals like palladium or even stainless steel or something.
Gold was quite a bit over $1400 this morning and is rising, they say because of all the problems in the Middle East. Some are saying it will be $2000/oz by 2012. Who knows? But at the pawn shop, you can still pick it up, especially yellow gold, which as someone was remarking on another thread keeps being supposed to be coming back in style but never does. I think at this point, it's not going to come in style because of price!
However, I prefer YG anyway, for everything but things set with lots of diamonds.