I’ve told people many times about how popular the jewelry gold business became after the 2001 crisis.
So, taking advantage of the current situation, I took a gold 18k bracelet I have, gift from my sister back when guys wore such things. :) It’s just a common gold chain bracelet.
I headed to Libertad street, were many “I buy gold” places are found, and walked into a few places.
After just a few seconds, taking an experienced quick look to see the metal and dropping it over an electric scale, give or take 3 or 4 bucks, everyone offered about 350 pesos, a bit over 100 USD, for the 18k bracelet.
TIP: One nice thing about having a few bracelets or chains instead of having gold rings, is that you can fraction the chain much easier.
So if you just need, suppose, 100 pesos, you can simply cut away 1/3 of your chain, sell it, and use the cash right away, while keeping the rest of it in gold.
This is harder to do with rings.