Selling old gold: a look into the gold-buying business
By Theresa Edwards, Intern
Looking to sell that antique gold bracelet that’s been collecting dust in your jewelry box? Wondering how much those gold coins are worth? There are many infomercials on TV lately asking people to sell their gold and other precious metal items and according to Ben at Sound Gold Buyers in Ballard, now is a good time to do so.
The BNT met with Ben who explained how much gold is worth these days, what happens to the golden goods once sold, and why recycling gold is good for the environment.
“People are aware that gold prices are high, so it’s a good time to sell it,” said Ben. Gold is currently worth a fairly high $1,698.00 per ounce. After rising for the past 18 months to the historical all-time high of $1,925 an ounce, the value has gone back down again a bit, but the small Ballard business has seen many customers recently who have been looking to make some money off of their unused jewelry or coins.