KPLU-FM: Vanessa Romo


Tue September 27, 2011
Around the Nation

Estate Liquidators See A Frenzy Of Speculation

Gold rings and heirloom jewelry like these pieces displayed in a San Francisco store are fetching record high prices this year.
Justin Sullivan Getty Images

The high price of gold and other precious metals is encouraging a new breed of gold diggers — traveling estate buyers who temporarily set up shop in hotels. They offer to pay cash on the spot for gold, diamonds, old Rolexes and collectibles.

Walking into one such event at a hotel, it all seems very professional: A fancy conference room with a 20-foot conference table, with soothing bossa nova music playing overhead.

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