Gold Rush November 13, 2009 – Posted in: Press

By ANGELA MILES
On Air: November 13, 2009
First Business News

Excerpt from video

Angela Miles: Talk about striking it rich. The price of December gold at the New York Mercantile Exchange surged to a record high of $1,119 an ounce November 11.

Tobina Kahn: Is it a good time to sell your gold jewelry? Absolutely, we recommend. Gold is at its all time high.

AM: Tobina Kahn, V.P. of House of Kahn Estate Jewelers also believes it’s a time to buy gold estate jewelry as an investment.

TK: As an investment, well, it’s going to increase in value if the metal itself, the gold, goes up. Then, technically the item you have you’ll see your investment grow month to month and year to year.

AM: Kahn believes gold will rise to $2500 an ounce and offers insights to people who are thinking about buying gold jewelry as an investment.

TK: What we are looking for, and what is going to bring even more than what the ounce per gold is, is anything signed, anything from the 1940s and the 1950s. Any item from the retro period.

AM: Kahn adds that 22 and 24 karat gold gets top dollar. As a gemologist, Kahn is not a fan of people mailing in gold jewelry for cash back. Instead, she prefers to do a gold test in front of clients.

TK: Perhaps you are sending in a gold bracelet that has specific stones in mind. They’re just going to pay you the gold content but the stones might be something very rare.

AM: Gold has been trending higher on years of inflation and the falling dollar. Over the past 5 years, gold has risen from nearly $500 to well above $1000; leaving the Dow in its dust. The Dow today is right around where it was a few years ago.

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