As Gold Soars, What's Your Jewelry Worth?
Source: The Star, Michael Woods (8/24/11)
"A Star reporter visited cash-for-gold shops with gold worth about $1,500 altogether, and received offers as low as $500 and as high as $1,600."
Cash-for-gold shops have been sprouting up all over the city since 2009. Even high-end jewelers such as Birks have started buying gold from customers. But in an increasingly booming marketplace that has little regulation, customers selling gold can easily be short-changed.
To investigate how much the pricing spread can be, a Star reporter visited several cash-for-gold shops with 15 pieces of gold jewelry worth about $1,500 altogether, and received offers as low as $500 and as high as $1,600. . . .View full article