For subscribers
Gold bars, gold necklaces, gold earrings: The rush to cash in
Sign up now: Get ST's newsletters delivered to your inbox
Gold prices have climbed to historic levels, a signal that investors are looking for a safe place to stash their wealth amid concerns about the economy.
PHOTO: BLOOMBERG
Dionne Searcey
Follow topic:
NEW YORK – The lights were not even on yet at Bullion Exchanges in midtown Manhattan, but a customer was already standing outside, holding a crumpled Target bag stuffed with what she hoped were valuable treasures.
Ms Jennifer Tessler had rummaged through a drawer to dig out a few pieces of her long-dead mother’s gold jewellery and several gold charms from her own baby bracelet that she wore 77 years ago. It was finally time to cash in, and she knew exactly where to go: the diamond district.
