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Velvet-rope security lines and grandpa’s heirlooms: Inside the rush to sell gold and silver

Gold prices doubled to $5,000 an ounce and silver surged 141% in 2025, driving Americans to sell precious metals amid economic uncertainty, pawn shops report.

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By Vanessa Yurkevich, CNN New York (CNN) — In San Francisco, Seth Chandler’s business has lines out the door. It’s not unusual for twenty-odd people to be penned in by a velvet rope, monitored by two security guards. Chandler doesn’t own a hot new club or restaurant. He runs Witter Coin, which buys and sells precious metals — and people have been showing up in droves to sell their gold and silver. “I’ve never seen anything like it. It’s creating…

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Velvet rope security lines and grandpa’s heirlooms: inside the rush to sell gold and silver

Velvet rope security lines and grandpa’s heirlooms: inside the rush to sell gold and silver

·Atlanta, United States
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CNN broke the news in Atlanta, United States on Friday, January 30, 2026.
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