Tuesday, June 18 2013 12:32 AM EDT2013-06-18 04:32:02 GMT
The United Way of Southwest Georgia honors more than a dozen organizations for their leadership in supporting United Way agencies. United Way raised about 1.1-million dollars this year. That's up slightlyMore >>
The United Way of Southwest Georgia honors more than a dozen organizations for their leadership in supporting United Way agencies.More >>
Tuesday, June 18 2013 12:31 AM EDT2013-06-18 04:31:27 GMT
Dougherty County School Board members want property owners to know, they won't raise your taxes despite another tight budget year. Monday night Board members held a public hearing to give people a chanceMore >>
Dougherty County School Board members want property owners to know, they won't raise your taxes despite another tight budget year.More >>
Tuesday, June 18 2013 12:23 AM EDT2013-06-18 04:23:09 GMT
The opening of Albany's new airport terminal remains on schedule despite a delay in the ceremonial opening. Travelers will begin using the new facility at Southwest Georgia Regional Airport two weeks fromMore >>
The opening of Albany's new airport terminal remains on schedule despite a delay in the ceremonial opening.More >>
Tuesday, June 18 2013 12:03 AM EDT2013-06-18 04:03:40 GMT
A Georgia girl remains hospitalized tonight with serious burns following a boat explosion on Lake Lanier. Apparently, a fuel leak led to the blast. Cell phone video captured by boaters shows a boat burningMore >>
A Georgia girl remains hospitalized tonight with serious burns following a boat explosion on Lake Lanier. Apparently, a fuel leak led to the blast.More >>
Monday, June 17 2013 11:59 PM EDT2013-06-18 03:59:55 GMT
Police are asking banks to be on the lookout for a woman who has cashed thousands of dollars in forged checks. So far, she's hit Colony Banks in Albany, Valdosta, Moultrie, and Sylvester. Sylvester PoliceMore >>
Police hope to stop a successful forger who's gotten away with thousands of dollars so far by cashing fraudulent checks at multiple south Georgia banks.More >>
March 14, 2008
Albany -- If you're looking for that lucky pot of gold this St. Patrick's Day, it could be as close as your jewelry box.
"We've got a lot of people coming by and selling gold since we do specialize in jewelry," said Jason Sheffield.
Sheffield, a master jeweler with Dawson Road Jewelry and Pawn in Albany has witnessed first hand the 21st century "gold rush" of sorts - sparked by recent record high gold prices. But consumers aren't just selling their gold.
He said, "We've had a lot more people inquiring about the prices being higher. They're asking about getting into gold because of the investment side rather than just buying it because of the emotion involved with jewelry."
In a time of economic uncertainty in the stock market, the price of gold has sky rocketed in the commodities market as insurance against rising inflation. And with the value of the U.S. Dollar hitting record lows this week, the price of gold reached an all time high - just over $1000.00 an ounce.
"I remember in the 1970's when it went up somewhere around $800.00. But a thousand, well, that's new territory," said Chuck Roberts with John Ross Jewelers in Albany.
Roberts has seen the ups-and-downs of gold prices, but doesn't think the recent gains will have a tremendous effect on the price of jewelry.
"Most jewelry is not that heavy unless you want the big heavy men rings or something like that. The average ladies ring doesn't have a tremendous amount of gold in it. But where mounting used to be around $100.00, it's probably going to be around $160.00 or $170.00 now," he said.
And while the saying goes There's gold in them thar' hills, it could be the gold in your grills that could earn you a little extra spending money.
But the rush could be short lived. While some analysts predict the price of gold could go as high as S1200.00, others warn the price is directly tied to the value of the dollar which is expected to strengthen within the next few months.