Brooklyn Pawnshop Sees Surge in Gold Sales Amid Price Rally Amid gold’s remarkable rally, with prices surpassing $2,400 an ounce, Brooklyn’s King Gold & Pawn has been inundated with customers eager to sell their gold. The motivations vary: some are capitalizing on the high prices, while others, pressed by financial needs, are selling to afford essentials like rent and groceries. Gene Furman, the shop owner, notes an unprecedented tripling in transactions since late February, as individuals treat their gold assets as an emergency fund. Branden Sabino, an IT specialist, exemplifies this trend, selling his gold jewelry to manage rising living costs without any savings to fall back on. « Previous Article Next Article » Share This Article Choose Your Platform: Facebook Twitter Google Plus Linkedin Related Posts Inflation Fears Spark Rally in Gold and Oil, Casting Doubt on Fed's Strategy READ MORE Gold bar scammers bilk nearly $1M from Maryland woman, police say READ MORE Economic Indicators Misfire: No Recession Despite Warning Signs READ MORE Morgan Stanley: Bitcoin Could "De-Dollarize" the World READ MORE Illicit Gold Trade from Africa to UAE Exceeds $23 Billion Annually READ MORE Add a Comment Cancel replyYour email address will not be published. Required fields are marked *Name * Email * Save my name, email, and website in this browser for the next time I comment. Comment