BROOKYLN - As financial uncertainty grips the world, many Brooklyn residents aren't looking to stock and bonds to make money; they're turning to their jewelry boxes.

Gold prices have spiked to record highs, closing today at $1,740 per troy ounce, up nearly 50 percent from last year.

With the high prices, many people are looking to sell their unused gold for some easy money.

Gem Pawnbrokers on Flatbush Avenue says there has been a lot more people coming in looking to sell their jewelry. The store says it has been so busy that it had to hire eight people last week and is still looking to hire more.

It says that if you're looking to sell your jewelry, look for a professional, licensed and reputable pawnbroker.