SALT LAKE CITY (KUTV) — The price of gold has surged in recent years, prompting a wave of buying and selling at local coin shops.
At the time of this post, the price of gold was $3,353 per ounce. Gold peaked this year in April when it was $3,500 per ounce. Silver has also rallied — though less dramatically — hovering near $38 per ounce.
At Monarch Coin, a Salt Lake City shop operating for 66 years, Austin, the operations manager, is also impressed by gold’s dramatic rise in value since he was hired seven years ago.
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“When I first started with Monarch, gold was at 1,200 bucks an ounce. We are now at 3,300,” he said…