March 13, 2014
ROCKINGHAM COUNTY (WHSV) Gold prices decreased almost $700 in the past three years. In September of 2011, gold prices got close to $2,000. The price just dropped to a little more than $1,200, and that's about a 35 percent drop.
One gold dealer in the area said he doesn't know how much further the price will drop, but he said lowering the price may indicate the economy is improving.
“It's the uncertainty in the times that makes gold and silver go up. So if they are uncertain about what is going on in the world, it might rise or what's uncertain about the dollar, about jobs, or about their home. That's what makes gold go up,” said Rocky Simonetti, the owner of Rocky's Gold and Silver.
Simonetti said lower prices will affect coins and bullion, but not jewelry.