What to know before cashing in on gold and silver price boomPHILADELPHIA (WPVI) -- With the price of gold and silver at records highs, many people are looking to cash in. You can make instant cash by selling jewelry and other gold and silver items you have around your house. According to locally-based gold dealer, The Alloy Market, an 18-karat gold bangle would have made you $155 in January 2001, $645 in January 2016 and a whopping $2,615 today. Our producer went to a couple places and got similar offers for a gold necklace and bracelet and some old silver jewelry. If you don't like the price, Alloy Market said they'll send back your items at no charge for the quote.