East Texans cashing in gold and silver - KTRE.com | Lufkin and Nacogdoches, Texas

East Texans cashing in gold and silver

BEAUMONT, TX (News Release) -

By Donna McCollum - email

NACOGDOCHES, Texas (KTRE) - Laurel Boles' marriages are history. Now the rings are about to become the same.

"Total of $156," the buyer tells her.

"OK," Boles said. "That sounds good. $156. Wow! I'm happy!"

Some sellers walk away happy, others leave disappointed.

Don't give up. Precious metals are a hot commodity.

"Everybody and their brother is out buying gold and silver," dealer Ken Wood said. "Of course, my feeling is if you're going to sale, you shop around."

Which may be what one seller had in mind. He turned down half a grand for 20 silver coins.

"No, I think I'll pass," he said.

Books, Internet sites and dealers provide a wealth of information about the market.

"To me silver is the best investment," Wood said.

"We lost 100 points in a day in gold," Angela Wright said.

The temptation to sell is magnified when the sparkle has left your pretties and all they do is gather dust.

"There's been some uncertainty in our economy and in uncertain times in the economy, the economic situation, people historically have looked at putting their money into things that will hold value and silver and gold and precious metals have historically been known to do that," buyer Dwight Thorne said.

Ninety-year-old Verlene Brandon knows what's she's going to buy with the $50 she made on a ring she found in a parking lot.

"Feed my chickens and guineas," she said.

The power of gold is worth more to some than to others.

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