News / USA

Gold Rush Hits US House Parties

Guests arrive with jewelry, leave with cash

Laurel Bowman

Even as world financial markets fluctuate, interest in gold holds fast.  Over the years, more investors have put their assets in this precious metal. As interest in buying gold has spread, so has the popularity of gold parties, where participants sell their golden treasures and walk away with cash.

“I have a gold tester so I just clip it here, and I test it," says Cisca Uribe, a "My Gold Party" representative. "And it will tell me what the karat is.”

Selling gold harkens back to a time when economies were more elemental. Uribe buys gold for a company called “My Gold Party.” While others might hoard it, the women at the party have come for the specific purpose of selling their gold.  Gold parties are festive events where people enjoy wine and conversation.  But it is business too.

“I brought some old earrings that were given to me when I was younger, from my parents and some jewelry from old boyfriends,” says Susan Johnson, a party guest.

Johnson is pleased when her 14-karat items weigh in at five grams, bringing her a total of $243.96 from Uribe.

Since the 2008 economic recession, investors have bought gold to shield their assets.  As gold prices soar, so do the profits of “My Gold Party.”

“With the gold party, it’s kind of a win-win," Uribe says. "You get to leave with money instead of spending money.”

Justina Buckles brought earrings and a couple of necklaces to sell.  She will walk away with $109. “I am pretty excited about it because the jewelry wasn’t worth anything to me.  It was things I wasn't wearing. Things that were broken or missing parts.”

While some made money on one side of the room, several guests examined silver jewelry on sale across the room, where Uribe's colleague hosted a silver party.
But Ana Shyburgh was unable to sell a pair of earrings an ex-boyfriend gave her.

“They are not gold.  I have to throw them away," she says, adding the jewelry turned out to be as fake as the relationship.  

Her golden treasure turned out to be just trash.  

You May Like

Uganda Court Annuls Anti-Gay Law

Court says law was passed in parliament without enough members present for a full quorum More

Multimedia Thailand Makes Efforts to Improve Conditions for Migrant Laborers

In Thailand, its not uncommon for parents to bring their children to work; one company, in-collaboration with other organizations, address safety concerns More

In Indonesia, Jihad Video Raises Concern

Video calls on Indonesians to join Islamic State of Iraq and the Levant, ISIL More

This forum has been closed.
Comments
     
There are no comments in this forum. Be first and add one

Featured Videos

Your JavaScript is turned off or you have an old version of Adobe's Flash Player. Get the latest Flash player.
In Thailand, Some Efforts to Improve Conditions For Migrant Laborersi
X
Steve Herman
August 01, 2014 6:22 PM
Thailand has been facing increasing international scrutiny as a hub of human trafficking and slave labor. Some of the kingdom’s companies are striving to improve working conditions, especially for the millions of migrant laborers from surrounding countries. VOA Correspondent Steve Herman in Bangkok takes a look at one initiative for children at construction sites
Video

Video In Thailand, Some Efforts to Improve Conditions For Migrant Laborers

Thailand has been facing increasing international scrutiny as a hub of human trafficking and slave labor. Some of the kingdom’s companies are striving to improve working conditions, especially for the millions of migrant laborers from surrounding countries. VOA Correspondent Steve Herman in Bangkok takes a look at one initiative for children at construction sites
Video

Video Public Raises its Voice on Power Plant Pollution

In the United States, proposed rules to cut pollution from the nation’s 600 coal-fired power plants are generating a heated debate. The U.S. Environmental Protection Agency, charged with writing and implementing the plan, has already received 300,000 written comments. As VOA’s Rosanne Skirble reports, another 1,600 people are lining up this week at EPA headquarters and at satellite offices around the country to give their testimony in person.
Video

Video Information War Rages Alongside Real One in Ukraine

The downing of the Malaysian airliner two weeks ago, and allegations that Russians are shelling Ukrainian troops across the border, have moved the information war swirling around the Ukrainian conflict to a new level. VOA's Al Pessin reports from Kyiv.
Video

Video When Fighting Eases, Gazans Line Up at Bakeries

When there is a lull in the conflict in Gaza, residents who have been hunkered down in their apartments rush out to stock up on food and other necessities. Probably the most important destination is the local bakery. VOA’s Scott Bobb reports from Gaza City.
Video

Video China Investigates Powerful Former Security Chief

The public in China is welcoming the Communist Party's decision to investigate one of the country's once most powerful politicians, former domestic security chief Zhou Yongkang. Analysts say the move by President Xi Jinping is not only an effort to win more support for the party, but an essential step to furthering much needed economic reforms and removing those who would stand in the way of change. VOA's Bill Ide has more from Beijing.
Video

Video US-Funded Program Offers Honduran Children Alternative to Illegal Immigration

President Obama and Central American leaders recently agreed to come up with a plan to address poverty and crime in the region that is fueling the surge of young migrants trying to illegally enter the United States. VOA’s Brian Padden looks at one such program in Honduras - funded in part by the United States - which gives street kids not only food and safety but a chance for a better life without, crossing the border.
Video

Video 'Fab Lab' Igniting Revolution in Kenya

The University of Nairobi’s Science and Technology Park is banking on 3-D prototyping to spark a manufacturing revolution in the country. Lenny Ruvaga has more for from Nairobi's so-called “FabLab” for VOA.
Video

Video Immigrant Influx on Texas Border Heats Up Political Debate

Immigrants from Central America continue to cross the U.S.-Mexico border in south Texas, seeking asylum in the United States, as officials grapple with ways to deal with the problem and provide shelter for thousands of minors among the illegal border crossers. As VOA's Greg Flakus reports from Houston, the issue is complicated by internal U.S. politics and U.S. relations with the troubled nations that immigrants are fleeing.

AppleAndroid