Nancy Gordy, Metro Edmonton
Published: August 12, 2011 5:20 a.m.

With the price of gold reaching record highs earlier this week, many local pawn shops have been striking big when it comes to business.

Clinton Beck, of Beck Gold and Diamond Brokers located on 144 Avenue, said he’s been getting busier and busier over the last five years.

The same increase in business has been noticed by Paul Boucher, owner of Loan Star Exchange on 118 Avenue, especially lately.

“Jewellery is the majority of what people bring in, but we’ve seen lots of dental gold, lots of gold bars and gold coins,” said Boucher.

But not everyone understands the trend to cash in, however.

“The gold bubble is probably going to grow bigger due to further stalling in the European and U.S. economies,” said Edmontonian Colin MacDonald.

Fellow market follower Paul Finlay thinks anyone with gold should hold on to it.

“Gold’s going a lot higher before I sell,” he said.

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