DollarCollapse: Gold Family Heirlooms: The ATM Americans Never Thought They Had

Gold prices continue to remain near their all-time highs. After setting new highs in most other currencies last year, gold closed in on $2,400 per ounce before pulling back.

The fundamentals are in place for a continued gold rally. Inflation remains stubbornly high. Central banks continue to be large buyers. They’re looking to diversify their holdings and reduce exposure to the U.S. dollar. Smaller buyers around the world also continue to buy gold on a regular basis.

Amid that background, there are some signs that the all-time highs are bringing out sellers, too. There’s been a rising demand to bring in old family heirlooms for the value of their gold content.

Pawn shops are seeing an increase in first-time sales of gold-related products.

That could be a sign that gold prices may be at a near-term peak. But it may be a sign of something else.

Consumer trends indicate that the pandemic-era savings boom is over. Consumers have burned through that excess savings. And credit card debt has soared higher.

So it’s possible that consumers are treating family heirlooms as another source of short-term income now.

The bigger trends pushing gold prices higher are outside of this consumer trend. So it’s likely that gold will keep trending higher. And with it, gold mining stocks may be a winner here. But it could also be a sign that consumer-related stocks may stumble.

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