ST. LOUIS, Mo. (First Alert 4) -Gold prices topped $4,000 an ounce this week for the first time in history. The rise in price reflects unease about the U.S. economy, but many are taking advantage of the prices.

“The jewelry’s been down in our safe and I never wear it,” said Pam Ayers.

Pam and Don Ayers visited Midwest Money in the 5900 block of Hampton to see what they could get for old jewelry and a sterling silver tea set. Owner, Barry Faintich, has been buying and selling gold for 55 years but has never seen anything like the price hike this hear.

“Yesterday was a record high, today is a new record high. Tomorrow will be an even newer record high,” he said.

Traditionally, investors turn to gold as a safe haven during economic uncertainty and high inflation if markets turn volatile.

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