http://www.boston.com/news/local/massachusetts/articles/2008/05/11/one_mans_gold_is_anothers_tank_of_gas?mode=PFOne man's gold is another's tank of gas
Record price and slow economy find many parting with jewelry
By Steven Rosenberg, Globe Staff | May 11, 2008
It's a Friday afternoon in Everett and Andrew Hagen steers his Ford F-150 truck into a parking lot and walks into the Gold N' Oldies jewelry store. For Hagen, it's been a slow work week, and the carpenter needs gas money for his truck. He reaches into his pocket and places on the counter a gold necklace with three small diamonds.
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Hagen, who is 24 and lives in Melrose, says the record price of gold - more than $900 an ounce - and a tough economy have forced him to sell gold in the past. "I've paid rent with gold, especially this past winter. I had a lot of scrap chains I wasn't wearing," he says.
--snip--
"I'm seeing people I'd never see before," says Casarjian, who has owned his Everett shop for more than 20 years. "Tough economic times bring out a lot of desperate people. People will walk in and say 'I really don't want to do this,' but they do it because they have to raise some money to pay off their latest bill. People are hurting, they're broke."
--snip--
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