Gold is hovering at $1,000 per ounce. So, is that cause for celebration? It sure is for My Gold Party, an organizer of gold parties across the nation.
What’s a gold party? It’s like a Tupperware party, but instead of shelling out for kitschy plastic containers, guests can walk away with a few extra bucks in their pocket.
(Sounds like that bash we threw in high school when our so-called friends walked off with the family silverware. Wait, that was us. We needed a way to pay for all those kegs.)
Anyway, party guests bring their unwanted bling, baubles and doodads to be weighed and tested for carat content. The host pays cash for these items and then, in theory, turns a tidy profit by reselling the haul to gold scrappers who melt it all down.
The people who really make out like bandits are the good folks at My Gold Party. The company sells gold-party kits for $699, which includes a carat-testing machine, a scale, and a how-to book on hosting your own party.
“Everybody wins,” insists My Gold Party founder January Thomas. The 29-year-old Thomas told USA Today that many women don’t like going to pawn shops. “At a party, they’re less embarrassed about asking how much their jewelry is worth.”
Of course, there could be plenty of red faces when those gold earrings from the ex turn out to be copper. Oops, looks like we’ll have to regretfully decline our invitation.