Gold Rush in Missouri: Prices Soar Past $4,000 an Ounce, Driving Demand Across the State

(Missourinet) – Gold continues to go up after hitting a record high of 4-thousand dollars an ounce last week. Barry Faintich, owner of Midwest Money tells St. Louis Radio Station KMOX that he has been buying and selling gold for over 55 years…

“The price of gold is going up because there’s uncertainty in the world. A lot of your foreign countries are now instead of taking treasuries and worshipping the dollar are taking payment in gold.”

He says that gold was hovering around 22 hundred at the beginning of the year.
“You’re getting close to a 50% increase from the beginning of the year to where gold is now. You ever seen that kind of jump in gold before?
“Oh yeah, I’ve been in business for 55 years. I’ve been around when gold was 35 hours an ounce, and I’m seeing it today at the all-time high of $4050 an ounce.”

Silver futures hit an all-time high today of $50.13/oz.