Gold prices climbing
Kevin Odell is seeing a modern day gold rush at his Falls Church pawn shop.
The gold buyer says he’s buying as much as $12,000 a day from people cashing in on the climbing commodity. A boost in business he says comes mostly from first time buyers.
People like Bennie McRae, who just snagged more than $500 for his gold goods.
“People just scrambling trying to get a few dollars in their pockets and you know right now, the down is the dollar, the up is the gold,” he said.
Since the U.S. credit rating was downgraded, gold prices have climbed above $1,700 an ounce.
RecommendedRecent Facebook Activity
Only On 7
Now you can get customized weather right down to your street! Plan your day and week ahead with ABC7's Interactive 7-day forecast!
TBD Blogs What you need to read
The Market Report
@TBD On Foot
Best of TBD In case you missed it
Here's a visual look at the eight most delicious, disgusting meals in the country.