It’s been a wild ride for Matt Wallace, who’s owned Eugene Coin and Jewelry since January.

“It seems like every single day we walk in, we’re hitting new records for gold," he told KLCC. "So today is another record for gold, there was a record last week for gold … it’s continually going up, all year long.”

In the store, people buy rings, sell necklaces and price coins. Wallace said the majority of customers are selling, trying to lock in some significant gains. Gold has gone up about $1,000 per ounce from a year ago, and rose above $3,700 per ounce for the first time on September 15.

Because precious metals are a worldwide currency, Wallace said they represent stability when there’s uncertainty and rising prices anywhere, but the U.S. is a big driver. While interest rates are expected to

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