Record gold prices bring crowds looking for cash
kvue.com
Posted on August 9, 2011 at 6:31 PM
Updated today at 6:41 PM
AUSTIN, TX - Gold is one of the few bright spots in a gloomy economic forecast that plenty of people are taking notice of.
The price of gold rose to a record high Tuesday, closing at $1,740, up almost $30 since Monday's record. That price could go even higher with the news from the Federal Reserve stating they will keep interest rates at record lows for the next two years.
At his gold exchange in North Austin, James Lewis can't stop counting.
The price of gold rose to a record high Tuesday, closing at $1,740, up almost $30 since Monday's record. That price could go even higher with the news from the Federal Reserve stating they will keep interest rates at record lows for the next two years.
At his gold exchange in North Austin, James Lewis can't stop counting.
"It feels good to see them go, 'Wow. Cool,'" said Lewis.
Record gold prices now bring even more customers. They cover counters with old class rings to earrings for plenty of cash.
"We get people in here that sell because they have to," said Lewis. "They just need the money. And we get a lot of others, they sell because they're taking opportunity."
Record gold prices now bring even more customers. They cover counters with old class rings to earrings for plenty of cash.
"We get people in here that sell because they have to," said Lewis. "They just need the money. And we get a lot of others, they sell because they're taking opportunity."
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