Gold Prices Reach New High

By: Lauren Zakalik Email
By: Lauren Zakalik Email

Forget a part-time job.

The latest money-making measure could be sitting right around your neck, on your wrist or hanging from your ears.

"We're at an all-time high for the price of gold. It's about $1,200 an ounce. Just an unbelievable price," says Tom Coulson, a rare coin dealer at Liberty Coins in Frandor.

Coulson says the price of gold has jumped 20 percent since October and has reached new heights this week, thanks to international clamor for the precious metal; that means new opportunity for those with gold laying around.

"Large numbers are cashing in old gold jewelry because it's an excellent time to sell gold, especially around the holidays," Coulson says.

Coulson says if you're curious about how much your old gold is worth, bring it in; you're never obligated to buy or sell anything.

"Usually people are pleasantly surprised when they bring in their gold buillion or gold scrap. Usually when we figure it out, it's much more than they expected," he says.

Mother-daughter duo Bettie and Bernice Turpening of Lansing are among that golden group.

"[I'm] bringing in some of my old gold I don't wear anymore, instead of leaving it sitting around," Bernice says.

They're taking the money they make on the gold and purchasing food, clothes and toys for the needy for Christmas, they say.

"Times are hard right now," says Bernice.

"It makes us joyful to do that," Bettie says.

And with the average payout in the hundreds-- you could do that and have yourself an even merrier Christmas. is happy to provide a forum for commenting and discussion. Please respect and abide by the house rules:

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