Gold Fever

Stores like this are popping up all over the country.  Almost every week there is another ad in the newspaper from traveling dealers willing to pay cash on the spot for your grandmother's wedding band and wrist watch.  They rent out motel conference rooms and lines are out the door.  At $1,800 an ounce and rising daily, it's no wonder in this sour economy people are raiding their drawers and cashing in.  I read recently in an investment newsletter that it could go as high as $5,000.  I've already put my most treasured pieces of gold jewelry in my bank safety deposit box.  It saddens me to think that gold heirlooms have become so valuable that they are either sold or locked away.  You just don't see gold jewelry being worn anymore.  Silver and other metals have taken over.  Why is gold so high?  Because investors are selling their stock and buying coins and bullion, thinking gold is a safe haven for their hard earned money.  Twenty years from now, if any gold jewelry survives this current melt down, we may only see it behind glass cases in a museum.