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# What to do with that jewelry your X-Boyfriend gave you...

Posted Monday, December 6, 2010, at 1:38 PM

Gold prices are near all-time highs as investors see metals as a safe investment in a shaky economy.

Gold buying parties are growing in popularity and I'm headed to one tonight to find out what they're all about.

Anyone been to one of these recently? Or tried selling your jewelry or coins at a pawn shop or jewelry store?

In today's trading on Wall Street, Gold for February delivery rose \$8.10, or 0.6 percent, to \$1,414.20 an ounce; Silver for March delivery gained 51 cents to \$29.77 an ounce.

You give it to your little sister and then 40 years later you ask her if she still has it and you want it back :) Right, big sister?

-- Posted by stardog on Mon, Dec 6, 2010, at 3:32 PM

try giving it back to your ex-boyfriend?

-- Posted by capecounty on Mon, Dec 6, 2010, at 3:42 PM

I've been to a couple of gold parties and I think it's a nice way to make some money. You get the check that night and you get rid of some jewelry that you don't like anymore! It's great!

-- Posted by kali on Tue, Dec 7, 2010, at 6:58 AM

Has anyone advertised they're having a gold party?

-- Posted by redpen on Tue, Dec 7, 2010, at 7:23 AM

Please hold on to your gold until I get my pawn shop opened near the new casino. With each purchase, I'll give you your choice of books on systems to win BIG at the slots and table games.

Gold jewelry isn't pure gold, so don't be surprised if your sale price is lower than you thought it might be. To calculate how much actual gold is in a piece of jewelry, check the hallmark. If it's 14K, for example, divide 14 by 24 (pure gold) and multiply the result by the weight in grams of the piece. That's how much gold you have. Then you have to convert that weight in grams to pennyweight, because that's what they use to calculate the price. Then reduce that value by about 40%, which is what they're going to tell you is the cost to assay and refine.

It's a racket. You should sell it on eBay or craigslist.

-- Posted by Maynard on Tue, Dec 7, 2010, at 12:46 PM

capecounty "try giving it back to your ex-boyfriend?"-

Spot on, good idea mate! Girls would NEVER think of THAT! Well said!

-- Posted by timexx on Tue, Dec 7, 2010, at 4:40 PM

What a goofy article.

-- Posted by retired1 on Tue, Dec 7, 2010, at 7:03 PM

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