Price Of Gold Reaches All-Time High

Monday, July 27th 2020, 4:53 pm
By: Austin Hernandez

TULSA, Okla. -

In 2011, gold set the record reaching a price of $1921 an ounce. As of Monday, gold is going for $1946 an ounce.

Tulsa Gold and Gems said if there is a time to sell it’s now.

Ryan Reyes is a precious metal broker at Tulsa Gold and Gems. He said since COVID-19, they’ve seen a decrease in foot traffic. With gold reaching a record price, however, he expects that to change soon. Reyes said this is a great opportunity for anyone who is laid off to make some quick cash.

Reyes said it doesn't matter if your gold is out of style or broken, because at the end of the day it still has value. He’s been in the business for 30 years and has seen it all. Reyes wants to let Tulsans to know, it’s been a while since we’ve had an opportunity like this when it comes to selling gold. 

“Hopefully they hear, and they realize, you know I got to look into my jewelry box and I can cash in my gold. The need right now is even more important for people for obvious reasons, loss of work, the economy I mean it’s just piling. We’re here to be able to help. With the gold prices it’s an incredible opportunity to help our community,” said Reyes.

Silver has also seen an also increase, rising from $18 an ounce last month to $24 Monday. Reyes recommends always getting your gold or silver appraised even if you think it has no value.