The Transylvania Times -

Price Increase Sparks Gold Rush


By Lenora Moody

Staff Writer

A modern day gold rush seems to be spreading across Transylvania County.

People are trading in their gold for more green in their pockets with the recent increase of gold from $800 to $1,000 an ounce.

Area jewelers said gold sales have gone down but they are buying it at an all-time high.

According to Pam Coleman, owner of Gold and Diamond jewelers in Brevard, she has always bought back gold, but recently her buyback business has increased by 80 percent.

"Before the increase, I would get someone every now and then who would want to sell a piece of gold," said C...

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