Thursday, July 9, 2009
Top Stories
Comment

28-year high sparks new gold rush

Published 09/23/07

If you're looking to secure your status as a Bond villain, now would be a profitable time to knock over Fort Knox.

Paul W. Gillespie Gary Watts, chief numismatist at the Annapolis Coin Exchange, shows off some gold coins. Prices above $730 an ounce have renewed interest in gold.
Advertisement
Gold hit $745 an ounce last week, a 28-year high, as the dollar's value slid, and Annapolis Coin Exchange owner Bob Hambleton already has seen more buyers and sellers looking to cash in.

"Even a one-day spike we see an increase of business," he said. "You can plot it."

In the frenzy 28 years ago, Mr. Hambleton said dozens of people would be lined up in front of his Old Solomons Island Road business waiting to buy or sell gold in the hopes of turning a fast buck, forcing him to hire additional security.

"It...

This story has expired!
You can purchase the full text in our news archives.
YOUR COMMENTS

If you encounter other problems, please email ewiffin@capitalgazette.com and include your name, username, and any errors or messages that are displayed. The more information you can provide, the better able we will be to assist you.

In order to post or vote on a comment, you must be signed in with a hometownannapolis account.

LOGIN TO POST A COMMENT

If you encounter other problems, please email ewiffin@capitalgazette.com and include your name, username, and any errors or messages that are displayed. The more information you can provide, the better able we will be to assist you.

Username: Password:
Jul 01 - Jul 31 - Annapolis Summer Salon Shows
Jul 10 - Sweeney Todd
Jul 17 - Needleart 2009
video
video
TACA: Talk About Curing Autism
video
video
Lights, Camera, Action!
video
video
The Electric Brigade
video
video
Tour Annapolis: Charles Carroll House
video
video
Storytelling Kent Island Style
video
video
Severna Park Parade

• BUY PHOTOS & VIDEO>>

SPECIAL: Two-for-one 5x7 photo reprints

slideshow
slideshow
Shady Side 4th of July parade
slideshow
slideshow
Severna Park 4th of July parade
slideshow
slideshow
The Gallery - July 2009
slideshow
slideshow
Annapolis Fourth of July
slideshow
slideshow
Galesville Fourth of July parade
slideshow
slideshow
Photos of the Week Ending July 3 2009
#1 - Longtime engineering firm closes
#2 - Police Beat for July 8
#3 - $20 doesn't get homeless man very far
#4 - Jury will rehear drowning case
#5 - Odenton couple welcomes quadruplets
#6 - Market House prepares for several new vendors
#7 - Police Beat for July 9
#8 - Route 3, 450 intersection to be realigned
#9 - Obery tenants allege discrimination
#10 - Judge: Market House Ventures must pay $220K
#1 - Obery tenants allege discrimination (38 comments)
#2 - Motorists get chance to complain online (18 comments)
#3 - Cohen tries to ward off Moyer comparisons (16 comments)
#4 - Election fight awaits O'Malley (13 comments)
#5 - Pharmacist accused of dealing drugs (9 comments)
HomesInAnnapolis.com

ARNOLD

Annapolis
Advertise
Archive
Blogs
Calendar
Comments
Contact us
Cookbook
Slideshows
Video
AP Video
SUBMIT INFO:
Anniversary
Band info
Birth
Calendar event
Engagement
Letter
Obituary
Wedding