The Brian Lehrer Show

What, turning her gold into the lowest dollar in decades! Sounds dumb to me.

Get that gold turned into euros...

Hi, I sold some pieces of gold on Friday.

Felt good to get a few dollars for things I never wear!

This is the 3rd time I did this.

Once on the 1980's and once last year.

Jane

Any tips on selling dental gold? There is porcelain attached to some pieces. Thank you!

Before everyone melts down the "family jewels," people should note that at $1,000 per ounce, gold today is cheap. On an inflation-adjusted basis, going back to 1980, the spot price of gold should today should be about $2,500 per ounce to have the same purchasing power it had about 30 years ago.

In some countries only gold will buy real estate....in other ones grave robbers are modern day gold miners, seeking fillings relatives missed...

As a jeweler, I can attest that this market has been quite tough for us. So, here is my personal recommendation. Find a jeweler that specializes in handmade work and either have them give credit for the scrap value, or in some cases, the actual gold in the jewelry can be remelted and fabricated into the a new piece. It's a chance to get some new jewelry, helps sustain craftspeople in your local area, and recycling the gold is good for the planet.

On another note, because of the high prices, I have heard that some of the scrap dealers on the street have stopped buying small quatities of gold because of the deluge of people trying to sell their gold.

Finally, silver and platinum are very high right now too. I would be in a big hurry to scrap any unworn platinum jewelry right now.

If you take inflation into account, gold is cheaper than in the 80s.

For me gold is a save haven. the USD is falling and that's why gold is so high.

I converted my savings into gold bullion coins this year. And if I decided to sell it, I'd buy Euros with it not Dollars.