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flag In early 2026, surging gold and silver prices drove San Diego residents to sell jewelry and coins, overwhelming refineries and causing shipping delays.

flag In early 2026, San Diego’s precious metals merchants report a fivefold surge in customers as gold prices hit $5,150 per ounce and silver reached $120 an ounce, driving individuals to sell jewelry, coins, and heirlooms for cash. flag Many are opting to melt items into bullion, overwhelming refineries and causing shipping delays. flag The boom reflects growing investor demand amid inflation and geopolitical uncertainty, with dealers shifting focus from retail to refining due to higher scrap metal profits.

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