Lately we’ve seen the prices for gold, silver and other precious metals hit all time or near all-time highs.
With that, many people are cashing in by either selling their own metals or investing in more.
I spoke with Northern Nevada Coin and the business says because of these changes, they’ve seen a major influx of people coming in to buy and sell.
Especially gold.
Right now, gold is about $2,400 an ounce which is over 25% higher than its previous peak about 10 years ago.
The owner of Northern Nevada Coin, Allen Rowe, says this is great for premiums, meaning that there are a lot more sellers than buyers right now.
He also added that people are still coming in often to buy precious metals because they want to preserve their wealth as they lose faith in the U.S. Dollar.
But when people come in to sell, it’s mainly jewelry that contains gold or silver.