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I called a jewelry store and asked if they buy jewelry (we found some rings in our attic when the heat pump was installed), and they said they only buy gold. They only pay in store credit for stones.
I guess gold is the easiest to melt down and reuse? Or is it that the commodity value is skyrocketing with Trump's attacks on the Fed? Though, come to think about it, gold is seemingly always rising in price. Maybe they just don't report it when it drops.