But co-owner Paul Pons says he also has seen many people who want to purchase the precious metal, which repeatedly has set record high prices this month. For the first time ever, gold futures burst beyond $1,500 per troy ounce on Wednesday.
"I think it's just a sign of the dollar getting weaker," Pons, of the Louisiana Coin and Jewelry Exchange, told the newspaper. "People are buying gold as a commodity to protect the value of their money."
The precious metal‘s healthy performance is driven by frenzy and panic, according to a local financial planner.
"It's almost like going back to the dark ages where people carried gold around," said Diana DeCharles of SagePoint Financial. "If people think things are going to go that badly, then they need to learn how to hunt, fish and grow a garden."
At 6:51 p.m. on Wednesday, gold futures gained 0.23 percent, a $3.50 climb to $1,502.40 per troy ounce.
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