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Investors weary with the drastic drops in the stock market are finding a more stable way to invest: Gold and Silver coins.
At the U.S. Coin Gallery in Farmington Hills, partner Gary Stewart says business has been booming in recent weeks. Many customers say they are taking all or part of their money out of their 401k's and buying gold and silver.
He and his staff are fielding calls from around the world about gold and silver stock. He says $100,000 transactions have not been unusual.
At Safes Unlimited in Keego Harbor, owner Leonard Swartz is selling safes at a rapid clip.
His customers tell him they need the safes to protect cash, gold and silver investments in these troubled economic times.
His safes range in price from $100 to $12,000. He is also is a licensed gun dealer and he says most people who buy a safe, buy a gun. |