Gold prices climb to unprecedented levels - WALB.com, South Georgia News, Weather, Sports

Gold prices climb to unprecedented levels

Clinch County investigators arrest four people for stealing jewelry from a home. One of the suspects is victim's son.

Investigators say the attraction of easy money from gold led him to break into his own mother's house.

Investigators say Chad Tiner broke into his mother's house in Clinch County along with three others and stole thousands of dollars in gold jewelry. While investigators say their biggest problem is scrap metal thefts, they say gold is easy money.

Jewelry appraisers like Ron Carter keep an eye on the market.

"Gold in the last year has climbed astronomically," said Ron Carter.

The price fluctuates each day.

"They're talking it could go up as much as 25-hundred dollars an ounce by Christmas," said Carter.

He says it's all tied to the economy.

"Back in the eighties everyone was holding out for gold to hit a thousand dollars an ounce," said Carter. "It never made it and a lot of people lost their shirts."

He says in the last year it's really shot up. It was going for more than $1,800 this morning. He says a lot of customers are turning to metals like silver and titanium. 

"A lot of people can't afford gold at the price it is at and they want jewelry so they're going to alternate metals," said Carter.

But even with gold reaching unprecedented value, there's no guarantee the market will stay as good as it is. And if you're pawning stolen jewelry, you might get caught like these suspected burglars did.

Troy Whittle, Chad Tiner, Ashley McMillian, and Justina Bolick all from Brunswick are charged with burglary in that case.


Copyright 2011 WALB.  All rights reserved.  

  • More WALB News10 HeadlinesMore News HeadlinesMore>>

  • Corn hole tournament to help revitalize downtown Pelham

    Corn hole tournament to help revitalize downtown Pelham

    Sunday, April 22 2018 12:55 AM EDT2018-04-22 04:55:46 GMT
    The Southwest Georgia ACL regional tournament was put on by the Pelham Main Street program. (Source: WALB)The Southwest Georgia ACL regional tournament was put on by the Pelham Main Street program. (Source: WALB)
    The Southwest Georgia ACL regional tournament was put on by the Pelham Main Street program. (Source: WALB)The Southwest Georgia ACL regional tournament was put on by the Pelham Main Street program. (Source: WALB)

    A regional corn hole tournament is helping one Southwest Georgia city bring life and a new look to their downtown area.   The City of Pelham held the Southwest American Cornhole League (ACL) Regional tournament to raise funds to revitalize their downtown. =

    More >>

    A regional corn hole tournament is helping one Southwest Georgia city bring life and a new look to their downtown area.   The City of Pelham held the Southwest American Cornhole League (ACL) Regional tournament to raise funds to revitalize their downtown. =

    More >>
  • Pretoria Fields and local family work together to raise awareness for autism

    Pretoria Fields and local family work together to raise awareness for autism

    Sunday, April 22 2018 12:39 AM EDT2018-04-22 04:39:34 GMT
    The Cutliff family partnered with a host of organizations for the 'Anyone for Autism'. (Source: WALB)The Cutliff family partnered with a host of organizations for the 'Anyone for Autism'. (Source: WALB)
    The Cutliff family partnered with a host of organizations for the 'Anyone for Autism'. (Source: WALB)The Cutliff family partnered with a host of organizations for the 'Anyone for Autism'. (Source: WALB)

    The family of an adult struggling with Autism, is helping raise money to bring awareness to the disorder and other individuals with special needs in the Albany area. Pretoria Fields hosted an 'Anyone for Autism' Concert organized by Jimon Cutliff and his family.  

    More >>

    The family of an adult struggling with Autism, is helping raise money to bring awareness to the disorder and other individuals with special needs in the Albany area. Pretoria Fields hosted an 'Anyone for Autism' Concert organized by Jimon Cutliff and his family.  

    More >>
  • Southern Soul Music Festival doubles attendees from last year

    Southern Soul Music Festival doubles attendees from last year

    Sunday, April 22 2018 12:31 AM EDT2018-04-22 04:31:41 GMT
    Young Buck Entertainment hosted their second annual Southern Soul Music Festival at the Exchange Fairgrounds in Albany. (Source: WALB)Young Buck Entertainment hosted their second annual Southern Soul Music Festival at the Exchange Fairgrounds in Albany. (Source: WALB)
    Young Buck Entertainment hosted their second annual Southern Soul Music Festival at the Exchange Fairgrounds in Albany. (Source: WALB)Young Buck Entertainment hosted their second annual Southern Soul Music Festival at the Exchange Fairgrounds in Albany. (Source: WALB)

    Hundreds filled the Albany Exchange Club Fairgrounds Saturday, for a night of music and dance.  Young Buck Entertainment hosted its 2nd annual Southern Soul Music Festival.  

    More >>

    Hundreds filled the Albany Exchange Club Fairgrounds Saturday, for a night of music and dance.  Young Buck Entertainment hosted its 2nd annual Southern Soul Music Festival.  

    More >>
Powered by Frankly