The Americans are spent in jewelry as a gold prices near its highest levels ever

We are in the middle of Gold Rush 2.0. But this time people do not earn money to find gold – they earn money they sell.

with Gold is near the highest level ever, By selling more than $ 3,200 to the ounce, people are boiling their jewelry boxes and heading to the warden stores, jewelry and melting to convert their necklaces, watches, bracelets and earrings into cold money.

“Every day we have more customers who just come, sell gold, pay their cabinets and such things, looking for jewelry,” said Sabahden M. Hernandez, who works in the family owned by the family. A & m precious metals In the Los Angeles jewelry area. “I haven’t seen anything like this. I have been in this work about eight years ago and this is crazy for me.”

Gold still lights: buy, sell or contract?

In A & M, people get the value of their money. Since the price of gold is very high, customers get 99 % of the market value of gold. The store only takes a 1 % reduction.

How do you achieve a profit? amount. In a good day, he buys Hernandez 400 ounces of gold – On 24K, this is more than $ 1.2 million.

“Two years ago, we will have about seven to eight dates a day. Now we are in a range between 15 and 20 customers a day,” Hernandez said.

Hernandez says his store works as mediators. Gold is melted in golden bars, which are then sold to refining refineries. Al -Masafis turns this into a form that jewelry can work with, and return to the storefronts at any time. All of this is done in the radius of a block in the center of Los Angeles.

Hernandez carries a jar filled with golden balls – the content weighs a kilogram.

Hernandez said: “The jewelry here in the jewelry area hold this so that they can make chains and things.” “The kilo nowadays is about $ 107,000.”

Why the banks fly gold bars on commercial trips from London to New York City?

Behind the front office where magic occurs. Alberto Hernandez, uncle Sapashden Hernandez, Molda of Gold for more than 20 years. Their fuse is able to reach 6000 degrees Fahrenheit. But today it works at about 2000 degrees – almost a melting point of gold.

After the weight of gold and the measurement of quality, it is thrown into the fuse. Within just a few minutes, with the help of Borax to filter impurities, it is in the form of a molten. Then it is poured into a mold, cools in the water, wanders and weighs.

Alberto Hernandez said: “We have melted it and we will send it to a colander. So that all we were doing was mixing it to make sure we got an equal test when we go to check that now,” Alberto Hernandez said.

Gold is examined for purity. Fourteenth gold is 58.3 %, while gold is 99.9 % pure (the market price depends on gold 24 carats).

How much golden reserves hold by the United States?

After checking the purity, the customer goes away with criticism – often surprised by him How much money They made.

“I have a lot of customers who say they are waiting for gold, and now that it exceeds $ 3,000, it’s an ideal time for them. So it is surprising that we hear the time you hold,” said Alberto Hernandez.

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Hernandez says about commercial changes every day. When gold ends in the morning, they get more appointments. When it decreases, it is a little slower. Sometimes, customers bring inheritance and antiques more than their weight in gold.

Hernandez said: “Tell them,” You are sure that you really want to melt this? “It is ancient,” and they just want to do this because they want money now because gold is hot. “