As gold prices continue to surge to record highs, Australians are starting to cash in, selling old jewellery to make quick money.

However, with such expensive valuables, experts warn it's important to know who you're trading with.

Loralie Bodle brought a box of unwanted valuables to her local jeweller, hoping to be sitting on a gold mine.

"I was thinking maybe it's time to go in and find out what it's worth," she said.

The 143 grams of gold Loralie brought in were valued at $10,000 on the spot. 

"I really didn't think that it was going to be that much," she said.

The value of gold has doubled since 2023, causing a gold rush as customers bring their old rings, bracelets and watches into jewellers to find out if they're worth anything.

"It can be broken, knotted, tangl

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