May 15, 2009

The gold rush is back

There is rush on gold, it’s not that rich veins of the yellow metal are being found in peoples gardens, but it is the ordinary person in the street who appears to be cashing in the 21st century version of the gold rush.

Under normal circumstances, it is gold jewellery that people sell to make some extra cash when times get hard. However, the financial crisis has been going for a long time and so another source of gold is turning up precious metal dealers.

The trade in “Dental Scrap” is growing and like it or not dealers are buying, on average, a gold tooth would be worth around £30, but that depends on weight. There is also bridgework and other bits of gold that end up in the mouths of people and this gold is worth money, a frightening prospect.

Source [LA Times]