London gold dealers doing brisk business as price reaches all-time high [Video]

As the price of gold reaches all-time highs, with silver not far behind, London precious metals dealers are seeing more people becoming interested in doing business.

That means that grandma’s necklace or grandpa’s watch doesn’t just have sentimental value; it also has more monetary value than ever before in history.

“We’ve been very, very busy because the necklace that I might have sold yesterday is worth a whole lot more money than it was,” said Daniel Loewith, the owner of London Gold Buyer, which buys and sells gold and silver. 

“A lot of that 1970s heavy jewelry that people might have in the bottom of their jewelry cases are probably worth significantly more money than they paid for them in the 1970s because …