Reported 8 months ago
On June 18, 2024, in the bustling streets of Buenos Aires, Argentina, people were seen flocking to jewelry stores not to make purchases but to have their family heirlooms evaluated for selling. The steep inflation rate, reaching nearly 300% in April 2024, has pushed citizens to sell their gold and jewelry to cover basic expenses like utilities and rent. With over half of the population living in poverty, owning gold jewelry has been a common practice as a hedge against economic instability. The situation has led to a significant increase in the number of people selling their jewelry for immediate financial relief.
Source: YAHOO