As gold hits record prices above $900 an ounce, hordes of Detroit residents, mostly women, are flocking to private house parties to sell their broken gold chains, mismatched earrings, class rings and other gold jewelry they no longer wear. "It is found money," said house-party proprietor Gail Kenny of Grosse Pointe Shores, Mich. "It's a bad economy ... People are looking for a way to get cash."

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