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Gold prices surge up to 27 percent this year

Posted at 6:15 AM, Dec 21, 2020
and last updated 2020-12-21 11:49:31-05

CORPUS CHRISTI — This year has some people thinking outside the box on how to earn extra money for the Holidays.

Business Insider reports that as gold prices have surged in recent months so has the demand to sell those items.

“A lot of people have been coming in wanting to sell anything that they have,” said Sal DeLaFuente, owner of Gold Master Jewelers.

That includes Lara Garcia, a mother of 6 who says she was finding it hard to give her kids everything they wanted for Christmas.

"This is the last thing I can do you know what I mean because you know it was hard to find work for a while and my hours were cut a bit short at work.”

Garcia says she was short on cash but she had something to fall back on.

“When my Mother passed away, she left me some jewelry and I wanted to hold onto it but I need some cash you know what I mean for the holidays.”

Lara Garcia is not the only one, in a time of economic uncertainty, the price of gold has gone up 27% in the past year and changes everyday. For real time and historical prices of gold visit, goldprice.org.

“Pawn shops you know for whatever you bring in they’ll say oh this is all we can give you," said Garcia.

Sal DeLaFuente says he offers people a certain percentage from the market for the items they sell.

‘We’ll definitely do our best to help you out and with us you have options.”

That's why Garcia says she made the decision to sell her mothers jewelry to Gold Masters.

Making sure her kids have a very merry Christmas.