BENTON HARBOR — Gold prices have jumped 37 percent since last summer. Saturday a Michigan company that buys and sells precious metals held an expo in Benton Harbor. They are paying people on the spot for their gold and silver.

Frank Braziel heard about the gold trade-in on the radio. He has never done this before, and he's a little nervous, but he wanted to see what kind of deal Goldmans could give him for his gold rings.

"Don't know unless you bring it in," Braziel said.

Goldmans has been holding gold trade-ins for the past six months.

"We take anything including coins and dental bridges. We ask you to take the teeth out before we take the bridges. You know anything that's a precious metal," said Goldmans owner Marilyn Kopp.

She said gold prices are ranging between $800 and $900 an ounce right now. So it only takes a little bit of gold to add up to a big check.

"This is a smart time to sell it and turn it into something you want, either other jewelry you want or to go on a vacation or pay bills," said Kopp.

Frank was so happy with his check he's think about seeing what other unwanted gold he has laying around the house.

"It pays off to. So if you have old gold or damaged gold, bring it in, get rid of it. It's worth your while, it's gas money," said Braziel.

The owner of Goldmans has some tips for selling your gold for cash.
-Never sell your gold or silver to anyone unless you can see the scale.
-You should also ask to see the carat reader.
-To know if your gold is pure or plated, run a magnetic over it. If it is magnetic the gold is plated.

Goldmans will be holding the expo on Sunday.
They are set up at the Courtyard by Marriott on Mall Drive in Benton Harbor. The trade-in runs from 11 a.m. to 5 p.m.

For more information log on to this website www.bestpricegoldmans.com.