Soaring prices for silver and gold along with hard times are making more Portlanders sell their precious metals.
Soaring prices for silver and gold along with hard times are making more Portlanders sell their precious metals.
The price of gold hit $1,900 per ounce in August, and silver $43 per ounce. In one year, that’s a 42 percent increase for gold. And silver has more than doubled.
“It’s a really strange market we’re in now,” says Josh Oller, who has run Silver Lining alongside his father, Earl, for 13 years.
Oller says the crush to sell silver and gold started in 2007, when the economy first took a dive. As prices have climbed, he says, more people aged 55 and older have looked to liquidate their scrap. “They’re making 10 times–plus on their money of what they bought it for originally,” he says.
Read more at Willamette Week.
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